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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks act

    Rocky
    Rocky
    Rocky
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    Posts : 268390
    Join date : 2012-12-21
    • Post n°1

    Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks act Empty Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks act

    Post by Rocky Mon 08 Jul 2013, 12:04 pm

    Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks active presence in Iraq
    08-07-2013 06:24 PM
        

    Baghdad (news) welcomed Prime Minister Nuri Kamal Maliki, during Asnaqbalh the official in his office on Monday, John Kpnz Managing Director of JP Morgan Bank in Europe, U.S., Middle East and Africa, opened a branch of the bank in Iraq.

    A statement by Maliki's office received the Agency (news) a copy of it for Monday: The Prime Minister urged the international banks on active presence in Iraq and contribute to the process of construction and reconstruction and الاسثتمار, hello opening of an office of the Bank of JPMorgan U.S. in Iraq.

    The statement added: that John Kpnz confirmed that a lot of international companies want to enter the Iraqi market and to increase its presence, especially after the decision of the UN Security Council Special remove Iraq from Chapter VII, noting: continue to cooperate with Iraq in the areas of banking and investment. / End / o. p / 

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    Rocky
    Rocky
    Rocky
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    Posts : 268390
    Join date : 2012-12-21
    • Post n°2

    Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks act Empty Re: Maliki welcomed the opening of the Office of the Bank of JP Morgan and urges international banks act

    Post by Rocky Mon 08 Jul 2013, 12:04 pm

    Is JPMorgan the Next Big Thing in Iraq?

    July 08, 2013 

    Iraq, a perennially sanctioned and war-torn country, is opening up for business. JPMorgan Chase (NYSE:JPM) is the latest U.S. bank to start expanding its presence in the country. With the UN’s Chapter 7 sanctions lifted, JPMorgan has signed a deal with the Trade Bank of Iraq in order to assist in importing goods and services to the country, Bloomberg reports. The bank’s decision follows the announcement that Citigroup (NYSE:C) will be opening several branches and offices throughout Iraq.

    Iraq is the second-largest oil producer in OPEC (trailing only Saudi Arabia), and the country’s central bank is looking for ways to help businesses grow following the devastating period following the ousting of Saddam Hussein in 2003. JPMorgan’s deal with the Trade Bank of Iraq is to “open more letters of credit… on behalf of the government and its ministries,” said a spokesperson for Morgan. The IMF estimates the Iraq economy will grow by 9 percent, which is second only to Libya’s rate among countries in the region.

    The recent lifting of Chapter 7 sanctions returned approximately $82 billion to the Iraq central bank, and the government is expected to increase its spending by more than 18 percent this year, creating a wealth of opportunity for foreign investors. Citigroup has already announced it will begin opening branches to capitalize on the estimated $1 trillion in infrastructure spending slated for the coming years.

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