Money is not a problem:
Specialists: the entry of foreign banks to the Iraqi market will boost the country's economy and brings investment
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]
[You must be registered and logged in to see this image.] 0 Likes
Font size:
[You must be registered and logged in to see this image.][/ltr]
[ltr] Author: Editor: ap reporter: ay
Number of Views: 140
06/23/2015 09:41 [/ltr]
[ltr] Tomorrow Press Press / Baghdad: Iraq's transition after 2003 from a socialist economy to a market economy was an opportunity for a number of foreign banks to open branches in Iraq, where he specialists and officials said the entry of foreign banks into the country will boost Iraq's economy and will bring investment companies in which to work.
The banking system in Iraq consists of 54 banks, as well as the Central Bank and distributed by ownership between seven state banks and 23 private commercial banks, including nine Islamic banks, in addition to the 15 branches of foreign banks.
Says bank adviser "City Bank," the US in Iraq Stephen Randov for "tomorrow Press," that "the idea of our entry into Iraq came after a thorough study into the Iraqi market and advanced stages where we have noticed that Iraq has become a magnet for investment in various sectors, especially in the field of oil, tourism, Construction and Housing, It was therefore necessary for us to have a foothold in Iraq and we open our branches. "
He Randov "The bank Citibank important financial companies in America, so its presence in Iraq believe will have an advanced stage in support of the Iraqi economy, full and moving of foreign currency and the presence of liquidity foreign as possible to take advantage of them in the implementation of various projects and both public and private sectors."
Step Bakdovernma foreign banks to Iraq excluded some private Iraqi banks that are aimed at supporting the Iraqi banking system or develop it for reasons unknown to her she said she put the Iraqi economy.
Says Managing Director of the Bank Union Aqeel trouble maker for "tomorrow Press," that "the foreign banks can not be the same recipe supportive of the Iraqi economy in any way being far from the reality of the Iraqi economy and away from the details of the work of the Iraqi citizens and the concerns of the Iraqi trader, so it will be located It is the glory. "
He explained that the trouble maker "of foreign banks in Iraq purpose only profit while the particular purpose of their own national banks to support the Iraqi economy and raising its standards by increasing their capital each year and give loans and adopted large and medium projects."
Finance Committee in the House of Representatives disagreed with the expectations of some private banks in the recent advent of the fact that foreign banks would be a reason to enter the global investment companies, which in turn will find a guarantor for its money.
According to the Parliamentary Finance Committee rapporteur Ahmed Hama Rasheed for "tomorrow Press," that "the country's dependence on banks balance and with a global reputation gives confidence for corporate and paid for work and investment", adding that "after Iraq out of Chapter VII note there are a lot of international companies and banks It seeks to have branches in Iraq to take advantage of the large budget of the country and find themselves being can achieve huge profits. "
Attention Rashid that "Iraq needs the support of our banking sector through the entry of high reputation in terms of competence and experience solid banks to give it impetus for investment companies to work in the country better," noting that "it will strengthen the banking sector in Iraq and gives the confidence major scientist to companies for work and investment in the country. "
For his part, the banking expert believer confirms visit for "tomorrow Press" that "the entry of these banks Iraqi investment market has great economic impact, especially as the local banks in Iraq are suffering from problems and disorders, because of the delay and inefficiency in some joints of its business," adding, "it was better during the last period that the development of its financial and reinforce their positions and contacts and beyond vulnerability and underdevelopment are experiencing. "
And it characterized the Iraqi market lack the number of citizens who have bank accounts, which allows the banks a substantial margin to attract thousands of customers, particularly that the Iraqis are looking for a complete package of services ranging from current accounts to insurance services and to mortgages, a few services in the Iraqi market.
The Governor of the Central Bank of Iraq on the Keywords, confirms for "tomorrow Press," that "the central bank has long urged and continues to urge the need for the presence of international banks being will help Iraq to work and financial communication in the region and the world, especially since these banks has a modern and sophisticated technology almost devoid of them banks Local currently operating in Iraq. "
Keywords noted that "the desire discreet banks internationally known Kalomrakih and English to work in Iraq evidence that Iraq a fertile environment for work and investment and has great economic elements."
[You must be registered and logged in to see this link.]
Specialists: the entry of foreign banks to the Iraqi market will boost the country's economy and brings investment
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]
[You must be registered and logged in to see this image.] 0 Likes
Font size:
[You must be registered and logged in to see this image.][/ltr]
[ltr] Author: Editor: ap reporter: ay
Number of Views: 140
06/23/2015 09:41 [/ltr]
[ltr] Tomorrow Press Press / Baghdad: Iraq's transition after 2003 from a socialist economy to a market economy was an opportunity for a number of foreign banks to open branches in Iraq, where he specialists and officials said the entry of foreign banks into the country will boost Iraq's economy and will bring investment companies in which to work.
The banking system in Iraq consists of 54 banks, as well as the Central Bank and distributed by ownership between seven state banks and 23 private commercial banks, including nine Islamic banks, in addition to the 15 branches of foreign banks.
Says bank adviser "City Bank," the US in Iraq Stephen Randov for "tomorrow Press," that "the idea of our entry into Iraq came after a thorough study into the Iraqi market and advanced stages where we have noticed that Iraq has become a magnet for investment in various sectors, especially in the field of oil, tourism, Construction and Housing, It was therefore necessary for us to have a foothold in Iraq and we open our branches. "
He Randov "The bank Citibank important financial companies in America, so its presence in Iraq believe will have an advanced stage in support of the Iraqi economy, full and moving of foreign currency and the presence of liquidity foreign as possible to take advantage of them in the implementation of various projects and both public and private sectors."
Step Bakdovernma foreign banks to Iraq excluded some private Iraqi banks that are aimed at supporting the Iraqi banking system or develop it for reasons unknown to her she said she put the Iraqi economy.
Says Managing Director of the Bank Union Aqeel trouble maker for "tomorrow Press," that "the foreign banks can not be the same recipe supportive of the Iraqi economy in any way being far from the reality of the Iraqi economy and away from the details of the work of the Iraqi citizens and the concerns of the Iraqi trader, so it will be located It is the glory. "
He explained that the trouble maker "of foreign banks in Iraq purpose only profit while the particular purpose of their own national banks to support the Iraqi economy and raising its standards by increasing their capital each year and give loans and adopted large and medium projects."
Finance Committee in the House of Representatives disagreed with the expectations of some private banks in the recent advent of the fact that foreign banks would be a reason to enter the global investment companies, which in turn will find a guarantor for its money.
According to the Parliamentary Finance Committee rapporteur Ahmed Hama Rasheed for "tomorrow Press," that "the country's dependence on banks balance and with a global reputation gives confidence for corporate and paid for work and investment", adding that "after Iraq out of Chapter VII note there are a lot of international companies and banks It seeks to have branches in Iraq to take advantage of the large budget of the country and find themselves being can achieve huge profits. "
Attention Rashid that "Iraq needs the support of our banking sector through the entry of high reputation in terms of competence and experience solid banks to give it impetus for investment companies to work in the country better," noting that "it will strengthen the banking sector in Iraq and gives the confidence major scientist to companies for work and investment in the country. "
For his part, the banking expert believer confirms visit for "tomorrow Press" that "the entry of these banks Iraqi investment market has great economic impact, especially as the local banks in Iraq are suffering from problems and disorders, because of the delay and inefficiency in some joints of its business," adding, "it was better during the last period that the development of its financial and reinforce their positions and contacts and beyond vulnerability and underdevelopment are experiencing. "
And it characterized the Iraqi market lack the number of citizens who have bank accounts, which allows the banks a substantial margin to attract thousands of customers, particularly that the Iraqis are looking for a complete package of services ranging from current accounts to insurance services and to mortgages, a few services in the Iraqi market.
The Governor of the Central Bank of Iraq on the Keywords, confirms for "tomorrow Press," that "the central bank has long urged and continues to urge the need for the presence of international banks being will help Iraq to work and financial communication in the region and the world, especially since these banks has a modern and sophisticated technology almost devoid of them banks Local currently operating in Iraq. "
Keywords noted that "the desire discreet banks internationally known Kalomrakih and English to work in Iraq evidence that Iraq a fertile environment for work and investment and has great economic elements."
[You must be registered and logged in to see this link.]
Today at 7:30 am by Rocky
» utube 5/4/24 MM&C Iraq Dinar- IQD Update - No Float of Exchange Rate - Budget -2024 - Schedules -
Today at 7:29 am by Rocky
» “Services” asks the Central Bank about billions of foreign banks in Iraq
Today at 7:27 am by Rocky
» Central Bank: Iraqi banks still face challenges in complying with international laws and standards
Today at 7:24 am by Rocky
» Parliamentary bloc: The Central Bank offers hard currency to “mafias” on a golden platter.. The Suda
Today at 7:20 am by Rocky
» The Iraqi Central Auction witnesses a rise in foreign remittances to $267 million
Today at 7:19 am by Rocky
» Wednesday.. The session to elect the President of the Iraqi Parliament is heading towards “Al-Issawi
Today at 7:14 am by Rocky
» The Union of Arab Banks proposes 4 “important” points for Iraqi banks to meet compliance standards
Today at 7:12 am by Rocky
» In the document... the Central Bank decides to return the “Al-Mal” Bank to work... in this case
Today at 7:08 am by Rocky
» The Iraqi-American agreements and cooperation were the most prominent topics of Al-Araji and Romanow
Today at 7:06 am by Rocky
» Al-Hakim meets a joint delegation of resolve and sovereignty and renews the call to hold a session t
Today at 7:05 am by Rocky
» Nearly one billion dinars were recovered and 3 million liters of fuel intended for smuggling in Iraq
Today at 7:03 am by Rocky
» Al-Sudani and the European Union ambassador discuss issues of economic partnerships, civil aviation,
Today at 6:59 am by Rocky
» More than 950 million dinars... petroleum products announced their recovery
Today at 6:57 am by Rocky
» Forming a committee to follow up on stopping the sale of the dollar to travelers
Today at 6:54 am by Rocky
» The Minister of Justice visits Al-Muthanna Governorate to discuss mechanisms for developing judicial
Today at 6:52 am by Rocky
» Agriculture: Farmers who were affected by the recent rains will be compensated
Today at 6:51 am by Rocky
» Al-Rasheed issues a warning regarding applying for advances and loans
Today at 6:49 am by Rocky
» Al-Rafidain announces the implementation of the comprehensive banking system in its main branch
Today at 5:24 am by Rocky
» Al-Rasheed warns of offices and pages claiming to promote the Salaf
Today at 5:22 am by Rocky
» Adviser to the Prime Minister: There are no conflicts in the route of the Baghdad Metro
Today at 5:19 am by Rocky
» Al-Sudani: We are keen to develop the work of the TBI Bank and address the problems it faces
Today at 5:18 am by Rocky
» Agriculture explains the mechanism of implementing the calendar program and its economic gains
Today at 5:17 am by Rocky
» “The shocks have changed.” The Governor of the Central Bank explains the impact of the openness of I
Today at 5:16 am by Rocky
» The President of the Association of Private Banks sends an “important” invitation to the Central Ban
Today at 5:15 am by Rocky
» Al-Alaq: The Iraqi banking sector has witnessed significant qualitative developments in response to
Today at 5:12 am by Rocky
» On behalf of Al-Sudani, the Minister of Planning sponsors the signing ceremony of a memorandum of un
Today at 5:11 am by Rocky
» The Iraqi Travel Companies Association participates in the Arab Travel Market Exhibition
Today at 5:10 am by Rocky
» The start of the work of the Iraqi-Jordanian Economic Forum
Today at 5:07 am by Rocky
» Integrity Commission at the Arab Anti-Corruption Convention Conference
Today at 5:06 am by Rocky
» Election of the Speaker of Parliament between amendment and disruption
Today at 5:05 am by Rocky
» Plans to increase the real estate bank's capital
Today at 5:03 am by Rocky
» The Central Bank sells more than $276 million in the currency auction
Today at 5:02 am by Rocky
» Advisor to the Prime Minister: We are heading towards a complete transformation of the electronic pa
Today at 5:01 am by Rocky
» Savings and financial inclusion
Today at 5:00 am by Rocky
» Agriculture expects to market 6 million tons of wheat
Today at 4:58 am by Rocky
» Al-Sudani chairs the first meeting of the Supreme Committee for Restructuring the Government Apparat
Today at 4:57 am by Rocky
» Al-Sudani receives an official invitation to participate in the United Nations Climate Change Confer
Today at 4:55 am by Rocky
» "Baghdad Today" in the southern refineries: The Azmara unit will reduce imported gasoline and hard c
Today at 4:54 am by Rocky
» Al-Sudani stresses the importance of supporting the pillars of food security
Today at 4:51 am by Rocky
» Kurdistan is an important oasis for investment. Security and economic stability eliminates the housi
Today at 4:50 am by Rocky
» Politician: Comparing Al-Halbousi to Al-Maliki is not up for discussion
Today at 4:46 am by Rocky
» The Kurdistan Democratic Party demands international supervision of the region's elections
Today at 4:45 am by Rocky
» Al-Sudani heads to Italy next week on an official visit
Today at 4:44 am by Rocky
» Warnings of challenges delaying budget approval, most notably the deficit
Today at 4:43 am by Rocky
» The Ministry of Oil sets the launch date for the fifth and sixth licensing rounds
Today at 4:41 am by Rocky
» Rafidain Bank announces the implementation of the comprehensive banking system in its main branch
Today at 4:40 am by Rocky
» Central Bank Governor: The banking sector is witnessing major qualitative developments
Today at 4:39 am by Rocky
» Economic: Neighboring countries do not import from Iraq for fear of fraud
Yesterday at 10:43 am by Rocky
» The Central Bank of Iraq sells more than $276 million in currency auction
Yesterday at 9:16 am by Rocky
» Agreement on the presidency of Parliament: Did Al-Halbousi win?
Yesterday at 7:09 am by Rocky
» Because of his corruption... Al-Karawi calls for Al-Halbousi to be held accountable
Yesterday at 7:08 am by Rocky
» Al-Shammari: The American presence in Iraq has no legal cover
Yesterday at 7:06 am by Rocky
» A story titled: Al-Fartusi, the Iraqi ports, and the 160 Committee
Yesterday at 7:04 am by Rocky
» The Minister of Finance of the Kurdistan Region expects the date of Baghdad’s sending of salaries fo
Yesterday at 7:03 am by Rocky
» What is the importance of conducting a pilot population census in Iraq?
Yesterday at 7:01 am by Rocky
» The start of the meetings of the sixth session of the joint Iraqi-Iranian committee in Tehran
Yesterday at 6:58 am by Rocky
» The budget schedules did not reach the Council of Ministers
Yesterday at 6:54 am by Rocky
» The Minister of Planning directs the installation and operation of gold screening units at Iraqi air
Yesterday at 6:52 am by Rocky
» Government advisor: Collections will shift almost completely to electronic payment in the middle of
Yesterday at 6:51 am by Rocky
» A politician accuses the American embassy of attracting parties inside Iraq to confuse the situation
Yesterday at 5:07 am by Rocky
» Deputy: The anti-prostitution law blocks the way for destructive ideas
Yesterday at 5:06 am by Rocky
» State of Law: A political agreement to resolve the position of Speaker of Parliament...these are its
Yesterday at 5:05 am by Rocky
» Kurdistan Parliament elections.. The insistence of the two parties intensifies and an international
Yesterday at 5:04 am by Rocky
» Jordan considers Iraq one of its "most important" main partners in the investment field
Yesterday at 5:02 am by Rocky
» Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion
Yesterday at 5:01 am by Rocky
» Parliament is close to approving the renewable energy project law
Yesterday at 5:00 am by Rocky
» The delay surrounds five Iraqi ministries.. What is the relationship with the budget?
Yesterday at 4:58 am by Rocky
» Basra Council threatens: We will not accept unreliable companies to work in Qurna service projects
Yesterday at 4:57 am by Rocky
» Iraq intends to convert collections to electronic payment in mid-2024
Yesterday at 4:54 am by Rocky
» Parliamentary Committee: 5 ministries whose completion rates are “low”
Yesterday at 4:53 am by Rocky
» Completion of the five-year national development plan 2024-2028
Yesterday at 4:51 am by Rocky
» Investment opportunities in the ancient city of Ur
Yesterday at 4:50 am by Rocky
» Today.. Baghdad hosts leading scientists and researchers in the field of artificial intelligence
Yesterday at 4:49 am by Rocky
» Conditions and horrors
Yesterday at 4:47 am by Rocky
» Democratic conditions threaten Kurdistan elections and embarrass the Commission
Yesterday at 4:46 am by Rocky
» “Consensus” disrupts laws in parliamentary culture
Yesterday at 4:44 am by Rocky
» Iraq celebrates “World Press Freedom Day”
Yesterday at 4:43 am by Rocky
» Including Iraq... five countries possess more than 1,000 tons of gold
Yesterday at 4:41 am by Rocky
» Davos is between two stations, is Iraq the third?
Yesterday at 4:40 am by Rocky
» Specialists: The food basket was a buffer to mitigate the blow of high prices
Yesterday at 4:39 am by Rocky
» Al-Rafidain Bank announces the implementation of the comprehensive banking system in its Hindi branc
Yesterday at 4:34 am by Rocky
» Learn about the proposed law replacing punishment with financial sums
Yesterday at 4:33 am by Rocky
» With the beginning of summer... poor services and a spiral of crises afflict the citizens of Kurdist
Yesterday at 4:30 am by Rocky
» A new scandal involving one of the “ten promising companies in Basra”... the Iraqi Plain strikes con
Yesterday at 4:29 am by Rocky
» With a package of files... Barzani to Tehran and Talabani to Washington next week
Yesterday at 4:28 am by Rocky
» An expert reveals the size of the "gas gap" in Iraq: Achieving sufficiency within 3 years is very di
Yesterday at 4:25 am by Rocky
» To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraq
Yesterday at 4:24 am by Rocky
» The dollar is declining slightly against the Iraqi dinar in local markets
Yesterday at 4:22 am by Rocky
» Deputy: 4 factors hinder Iraqi development.. one of them is a 90% reduction - urgent
Yesterday at 4:21 am by Rocky
» Revealing the reason for its delay.. Elekti sets the date for sending the salaries of Kurdistan Regi
Yesterday at 4:19 am by Rocky
» The Iraqi development road project, ambitions and expected challenges
Yesterday at 4:18 am by Rocky
» Laws were enacted but did not find their way into implementation
Yesterday at 4:16 am by Rocky
» Iraq: Political withdrawals hamper the work of Parliament
Yesterday at 4:14 am by Rocky
» The continued fluctuation of the dollar exchange rates worries traders and citizens
Yesterday at 4:13 am by Rocky
» Vice: Nour Zuhair and his companions manage Iraqi ports
Yesterday at 4:10 am by Rocky
» The President of the Kurdistan Region visits Tehran today and meets with senior Iranian officials
Yesterday at 4:08 am by Rocky
» Al-Maliki confirms Iraq's openness to all countries of the world
Yesterday at 4:07 am by Rocky
» The World Bank is preparing to issue a human capital report in Iraq
Yesterday at 4:06 am by Rocky