Expert (time): a good step to create a solid financial environment

Expert (time): a good step to create a solid financial environment

July 24, 2017


Central to sign a memorandum with the Arab Union Commercial Arbitration

BAGHDAD Shaima Adel

Described as an economic expert, contrary goldsmith step by the Central Bank signed a memorandum of cooperation with the Arab Union Commercial Arbitration and the settlement of disputes as good and important and that will contribute to the training and understanding of the operands in the bank, banks and other importance of commercial arbitration work. He said the jeweler (time) yesterday that (the Bank signed this Memorandum It is a very important step as will contribute to the training of staff in the bank and banks and thus give a good opportunity for those working in financial institutions to absorb and understand the things of arbitration in commercial disputes or investment or financial and therefore enhances the experience of the financial environment in Iraq through the presence of Thus experiences in the country). He said (this memo also will give reassurance that the country is moving in the direction of establishing sound financial concepts and global standards in dealing with the subject of trade, investment and financial mechanisms of exchange dealing by banks). He explained that the jeweler (note is a good step to train cadres able to work on this subject and absorbed in the important principle arbitration of trade disputes thus give the possibility of Iraqi financial institutions to be more sedate in their dealings in international financial transactions). At the time of the bank signed with the Arab Union for commercial arbitration and dispute settlement memorandum of cooperation include joint training programs between the two parties. The statement said yesterday that (the bank signed with the Arab Union for commercial arbitration and dispute settlement memorandum of cooperation include joint training programs between the two parties), he said (the signing of which was attended by Governor of the Bank of Ali Mohsen Ismail Alaak aims to take advantage of coalitions and methods of joint cooperation between the Bank ceremony, a pyramid the banking system represents the supervisory authority of the banking performance with members grouped under the tent of the Union), the statement said (the agreement included the creation of logistics and determine the appropriate place for such training and development programs according to the training needs identified from QB Bank either inside or outside Iraq). On the other hand Rafidain Bank decided to cancel detect credit queries Division's assets and the needs of the clinic or pharmacy in the granting of loans to slice doctors in various specialties and up to 75 million Danar.oukal statement yesterday that (the bank decided to cancel detect credit queries Division's assets and the needs of the clinic or pharmacy and maintain on-site disclosure submitted by the relevant committee in the donor section of the loan).

Commission met

He added that (the bank announced to meet 2 percent administrative commission for a loan). He said economic expert haven secretary that the Rafidain Bank to cancel revealed queries Division Alantmaiah on the assets and needs of the clinic condition or pharmacy for the granting of the loan is an important means to facilitate and improve the living situation of the slice doctors and contribute to the introduction of modern technologies in the Tab.oukal secretary (time) yesterday that (the bank has to cancel this condition for the granting of the loan is due to its desire to introduce modern technologies in the field of medicine and help doctors and pharmacists in the purchase of modern equipment also exists in the world), adding that the (objective of the development site disclosure submitted by the competent committee requirement in section donor loan back To loan classification and granted to eligible for these loans reclassified in order to find out it acted in the field that must be paid for it thus ensures that the bank when granting advances to doctors in order to ensure disbursement to buy equipment or improve clinics and providing them with Abjahzh detect modern) and medical supplies. He pointed out that (these loans granted to doctors is very necessary for the initiative to buy detectors modern or modern analysis devices, as in developed countries, therefore, the bank contributes to improving the living standard of the segments of the judges and doctors, but we hope the banks that already present to slice the families of martyrs and victims in the liberated areas they are also more need for such a loan to set up small businesses and I think that the Council of Ministers went to such a tendency to grant loans for displaced people to carry out small projects and workshops contribute to raising their standard of living).


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