Rafidain plans to finance large investment projects in Baghdad and the provinces
[You must be registered and logged in to see this image.]The director of the Rafidain Bank, Khawla al-Asadi, said that the bank is financing a number of service investment projects such as the Baghdad Metro and the revival of the main laboratories across the country in coordination with government banks and under the auspices of the Central Bank, confirming receiving invitations from different countries to open branches of the bank.
Al-Asadi said in a statement quoted by the official newspaper "Al-Sabah" and read by "Economy News" that "the Central Bank has adopted a project to provide offers by all government banks Kalravidin, Rashid and Iraqi trade and other to finance vital projects and important in Baghdad and the provinces, especially investment such as the Baghdad Metro project and its diameter Suspending and reviving cement factories, glass and petrochemicals, provided that each bank will finance a project of these projects and after its completion is referred to an investor as an investment opportunity.
"The bank will finance the Baghdad metro project and the train suspended through the Central Bank and then transferred to investors and return the amounts of interest," asserting that "the bank serious implementation of this project was agreed to start a month ago, especially since the initial cost of completion of the metro is 5 trillion Dinars, in addition to his participation in the implementation of other projects nearly twenty in Baghdad and the provinces. "
Al-Asadi pointed out that "the activities of the bank is not limited to granting advances to employees and citizens, but the circumstances in which the country is forced to adopt it, where the bank operates 9204 employees and their salaries are a fixed cost and must be collected all expenses of the bank and work as an activity, Is one of the components of the depletion of the economy. "
"The real work of banks lies in the provision of facilities and support of investment projects that started work on it as financing the electrical station of the architecture of 400 million dollars and a number of recreational sites such as water city and malls and residential complexes and lab tower in Arbil and the revival of laboratories throughout the country.
The director of the Rafidain Bank expressed "the intention to adopt the bank to build a number of schools in Baghdad and the provinces according to the plan of the Ministry of Education, where there is a willingness to build 5 schools in each province to own the name of Rafidain Bank and then the Ministry of Education to pay the amount in the form of annual rent and the bank is about to collect Approvals of the Ministry of Finance on this. "
She pointed out that "the Central Bank is currently working on the introduction of modern technology in banking transactions through the introduction of electronic administration to reach the e-government, and the banking system in Mesopotamia in this direction and will see the beginning of September, the start of 14 branches of electronic management across the country."
As for the branches of the Rafidain Bank outside Iraq, al-Asadi confirmed the presence of two branches in Jordan recently received a book of thanks and appreciation by the Central Bank of Jordan for having made the highest profits, in addition to branches of the bank in Lebanon, Egypt, Bahrain, UAE and Yemen. There is an intention to open other branches after the completion of the banking system and payment The electronic, revealing the invitations from France, Britain, China, Turkey and Saudi Arabia to open branches in their countries to Rafidain Bank.
Today at 5:28 pm by Rocky
» utube MM&C 4/16/24 IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals -
Today at 5:24 pm by Rocky
» Al-Sudani urges the US corporation Honeywell to help finish the Basra refinery
Today at 2:48 pm by Rocky
» Al-Sudani Meets with Representatives of Western Media Outlets in Washington
Today at 2:46 pm by Rocky
» Chairman of the Investment Authority signs the United Nations Convention on International Mediation
Today at 2:44 pm by Rocky
» PM: We will sign a contract to establish the Al-Faw refinery with a Chinese company
Today at 2:42 pm by Rocky
» PM arrives in Houston as part of his visit to USA
Today at 2:41 pm by Rocky
» Militia Man & Crew 4/18/24 Bush signed it and all presidents implemented it. Iraq’s funds have been
Today at 1:46 pm by Rocky
» Association of Iraqi Private Banks: The suspension of some electronic payment services yesterday was
Today at 7:14 am by Rocky
» Iraq is close to launching the electronic signature
Today at 7:12 am by Rocky
» The Basra government discusses with an international oil company the implementation of social benefi
Today at 7:11 am by Rocky
» The Prime Minister confirms to an American company: Gas projects in Iraq are a priority for the gove
Today at 7:10 am by Rocky
» The Minister of Planning discusses with the World Bank mechanisms for scheduling external loans
Today at 7:09 am by Rocky
» Oil sets the twenty-seventh of this month as the date for opening contracts for the fifth complement
Today at 7:08 am by Rocky
» “Electronic begging”...professionalism and fabrication of stories” generates millions of dinars dail
Today at 7:05 am by Rocky
» Al-Sudani calls on the American company Hanwell to contribute to the completion of the Basra refiner
Today at 7:03 am by Rocky
» An American company expresses its willingness to establish LED lighting production lines in Iraq
Today at 7:02 am by Rocky
» Including Iraq.. Iran announces the possibility of exporting 300 megawatts of “renewable electricity
Today at 7:01 am by Rocky
» Political forces present two options to find an alternative to Al-Halbousi
Today at 6:58 am by Rocky
» Parliament is awaiting the arrival of the budget schedules and the government is studying higher spe
Today at 6:56 am by Rocky
» The International Monetary Fund adjusts its expectations for the development of the world’s economie
Today at 6:54 am by Rocky
» A representative talks about the difficulty of finalizing the file of “electing the Speaker of Parli
Today at 6:50 am by Rocky
» Work on preparing a law for diplomatic passports
Today at 6:49 am by Rocky
» A female representative accuses the Ministry of Immigration of corruption
Today at 6:47 am by Rocky
» Minister: Solving the Kurdistan salaries problem is the beginning of addressing other disputes betwe
Today at 6:45 am by Rocky
» About 270 million dollars were sold by the Central Bank of Iraq in the currency auction
Today at 6:42 am by Rocky
» The volume of trade exchange between Jordan and Iraq will exceed 800 million dinars in 2023
Today at 6:41 am by Rocky
» Iraq signs memorandums of understanding with American companies in the fields of electricity, oil an
Today at 5:31 am by Rocky
» The American company that manufactures the F16 expresses its readiness to implement the terms of con
Today at 5:30 am by Rocky
» The volume of expected Qatari investments for the Iraq Fund for Development exceeds $3.5 billion
Today at 5:29 am by Rocky
» Decrease in dollar prices in Baghdad and Erbil
Today at 5:27 am by Rocky
» The President of the Region brings together the Kurdish parties to resolve the election file
Today at 5:26 am by Rocky
» Al-Sudani receives in Washington the Chairman of JPMorgan
Today at 5:25 am by Rocky
» Transport is starting to transform its ports into smart ones
Today at 5:23 am by Rocky
» Sudanese reveals the volume of exchange with America
Today at 5:22 am by Rocky
» "Al-Eqtisad News" publishes the memorandums of understanding signed between the Iraqi delegation and
Today at 5:21 am by Rocky
» Al-Sudani urges an American company to contribute to establishing a chemical materials factory
Today at 5:20 am by Rocky
» Iraq stresses the importance of Lockheed Martin's commitment to opening military aircraft maintenanc
Today at 5:19 am by Rocky
» Iraq is on the verge of a “water disaster” by 2035
Today at 5:18 am by Rocky
» Great satisfaction and optimism with the results of Sudanese’s visit to Washington
Today at 5:16 am by Rocky
» Transport is beginning to adopt a plan to transform its ports into smart ones
Today at 5:15 am by Rocky
» Completed 8,000 loan transactions at the Housing Bank
Today at 5:14 am by Rocky
» Prime Minister: We plan to invest production capacities for export
Today at 5:12 am by Rocky
» Transformation and partnership...a new horizon in Iraqi-American relations
Today at 5:10 am by Rocky
» What is new in the economic dimension of the Washington visit?
Today at 5:09 am by Rocky
» Two letters to the future
Today at 5:08 am by Rocky
» National interests first
Today at 5:06 am by Rocky
» Iraqi-American rapprochement...a national necessity
Today at 5:05 am by Rocky
» Al-Sudani’s visit to Washington and the course of Iraqi-American relations
Today at 5:04 am by Rocky
» Sudanese carries security, economic and development files to Washington
Today at 5:03 am by Rocky
» Armament and military development... features of a sustainable partnership
Today at 5:02 am by Rocky
» Analysts: Sudanese's visit to Washington will achieve excellent results in the future
Today at 5:01 am by Rocky
» Iraqi-American relations...the legacy of the past and the aspirations of partnership
Today at 5:00 am by Rocky
» Sudanese and external necessities
Today at 4:59 am by Rocky
» The Strategic Framework Agreement... 7 important provisions
Today at 4:58 am by Rocky
» Joint statement of the Iraqi-American discussions
Today at 4:56 am by Rocky
» Supreme Coordinating Committee: Iraq's role is vital to the security and prosperity of the region
Today at 4:55 am by Rocky
» Towards an effective bilateral economic relationship between Baghdad and Washington
Today at 4:53 am by Rocky
» She saw it as a new, different chapter in Iraqi-American relations... Al-Sudani’s visit to Washingto
Today at 4:52 am by Rocky
» Al-Sudani’s visit to Washington.. Implications and results
Today at 4:51 am by Rocky
» Advisor to the Prime Minister: The relationship with America has moved to the stage of cooperation
Today at 4:50 am by Rocky
» Sudanese sponsors the signing ceremony of memorandums of understanding in America
Today at 4:47 am by Rocky
» Al-Sudani: The volume of exchange between Iraq and the United States does not exceed 10 billion doll
Today at 4:46 am by Rocky
» During Erdogan's visit on Monday, Iraq seeks to sign the "Water Protocol" with Türkiye
Today at 4:45 am by Rocky
» With the escalation of tension between Tehran and Tel Aviv...an expert reveals the secrets of Sudane
Today at 4:43 am by Rocky
» There are 150 draft laws on the parliament table waiting to be voted on... and the debates require c
Today at 4:42 am by Rocky
» Al-Sudani stresses the necessity of continuing the dialogue with the US Treasury, the Federal Reserv
Today at 4:41 am by Rocky
» Deputy: We reject the term sanctions, and Iraq is financially independent
Today at 4:38 am by Rocky
» Warnings of a “political impasse” after Barzani’s boycott of the elections... Al-Sadr raises questio
Today at 4:37 am by Rocky
» The head of the Kurdistan Regional Government’s representative office in Baghdad visits the external
Today at 4:36 am by Rocky
» Al-Sudani: There are no combat forces in Iraq to withdraw.. The Iraqi Prime Minister confirmed in Wa
Today at 4:34 am by Rocky
» Do the Iraqi political blocs really intend to hold the second early elections?
Today at 4:33 am by Rocky
» Baghdad is not aware of the factions’ participation in the attack on Israel, and Washington is revie
Today at 4:32 am by Rocky
» Progress: Al-Halbousi may return to the presidency of Parliament
Today at 4:30 am by Rocky
» Al-Sudani: Iraq has distinguished relations with Iran and America
Today at 4:30 am by Rocky
» Minister of Industry: Iraq is not a rich country and the electricity problem will not be solved even
Today at 4:29 am by Rocky
» A prospective law to employ prisoners and detainees... job and retirement opportunities similar to E
Today at 4:27 am by Rocky
» Sako in Baghdad.. Three possible scenarios for his return after the “withdrawal of the decree” crisi
Today at 4:26 am by Rocky
» Parliamentary Integrity reveals a move with the judiciary to recover TBI Bank’s funds
Today at 4:24 am by Rocky
» Iraq signs 18 memorandums of understanding with Washington
Today at 4:22 am by Rocky
» An Iraqi judicial delegation arrives in Syria to discuss terrorism files and document ISIS crimes
Today at 4:21 am by Rocky
» A plan to exploit new lands...the latest developments in the wheat, barley and rice season in Iraq
Today at 4:19 am by Rocky
» Al-Abadi accuses oil companies of causing 70% of the cancer rate in Basra
Today at 4:17 am by Rocky
» Justice announces the formation of a higher committee to resolve the state’s real estate file
Today at 4:16 am by Rocky
» Deputy: Iraq seeks to sign the “Water Protocol” with Türkiye
Today at 4:15 am by Rocky
» Al-Sudani stresses the importance of the American company Lockheed’s commitment to opening military
Today at 4:13 am by Rocky
» The team accompanying Sudanese in Washington: America will hand over to Iraq the antiquities that we
Today at 4:12 am by Rocky
» Al-Sudani sponsors the signing ceremony of memorandums of understanding with American companies
Yesterday at 3:38 pm by Rocky
» MM&C 4/17/24 Saleh: The budget tables are almost complete and will take into account urgent circu
Yesterday at 3:36 pm by Rocky
» Saleh: Private banks in Iraq are considering reorganizing themselves with another government structu
Yesterday at 3:33 pm by Rocky
» Al-Sudani: It is not possible to work in any development sector without reforming the banking sector
Yesterday at 3:32 pm by Rocky
» Minister of Oil: Kurdistan’s exports will soon resume, and the region must hand over its oil to SOMO
Yesterday at 3:30 pm by Rocky
» An economic expert identifies ways for Iraq to get out of oil rents... starting with $350 million
Yesterday at 3:29 pm by Rocky
» Parliamentary Oil: A proposal to establish Iraqi refineries in neighboring countries... and these ar
Yesterday at 3:28 pm by Rocky
» Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy
Yesterday at 3:27 pm by Rocky
» MM&C 4/17/24 Al-Sudani receives in Washington the Chairman of JPMorgan
Yesterday at 2:41 pm by Rocky
» MM&C 4/17/24 US Supports Iraq in joining WTO
Yesterday at 2:36 pm by Rocky
» US Supports Iraq in joining WTO
Yesterday at 10:17 am by Rocky
» utube 4/14/24 MM&C Iraqi Dinar - Iraq Prime Minister in Washington - Coming to
Yesterday at 8:58 am by Rocky