Teymour Abdel Aziz Teymour is an economist at The World Bank. By Teymour Abdel Aziz Blog21 January 2016 Towards a More Enabling Legal Framework for Microfinance in Iraq Four Iraqi MFIs, representing 15% of the market closed their doors in recent years due to conflict in the country. This left 20,000 clients with few other options, as Iraq's financial system remains underdeveloped.