Home
[You must be registered and logged in to see this link.]
2017/12/18 14:16
(Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -
Economy News Baghdad:
3 Iraqi banks are seeking to open branches in Saudi Arabia in the coming days as a result of the great improvement in economic relations between the two countries.
The governor of the Central Bank Ali Al-Alaq last week met with the Governor of the Saudi Arabian Monetary Agency Ahmed bin Abdul-Karim Al-Khulaifi at the headquarters of the Foundation in Riyadh, in the presence of a number of directors of government banks and the representative of private banks on Tariq, and the parties discussed the formation of a joint team of SAMA and the Central Bank of Iraq to promote and develop direct cooperation Between banks in both countries and comes within the framework of the development and activation of banking relations.
The two sides also discussed cooperation in remittances and correspondence relations between Saudi banks, Iraqi banks and other banking transactions that provide an appropriate infrastructure for future economic and investment cooperation between the two countries.
A source in the Iraqi delegation to "Economy News", "Iraq and Saudi Arabia agreed to increase cooperation in the areas of training and transfer of knowledge in a number of different areas in the Institute of Finance."
"The Iraqi Trade Bank will open a branch in Saudi Arabia and the procedures are going well," said the adviser to the central bank governor, Walid Eidi. "There are two requests from two private banks to open branches in Saudi Arabia."
He explained that the opening of branches or offices of Iraqi banks in the Gulf states or another country will reflect positively on the Iraqi economy because these branches will provide studies on the Iraqi market and contribute to the process of financing foreign trade and ensure the goods conform to the standard specifications and reduce the proportion of risks in the processes of export and import.
On the other hand, the Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that "the banking delegation that visited Saudi Arabia last week to discuss the development of banking relations between the two countries," noting that some Iraqi banks are currently seeking to take approvals for the opening Branches in Saudi Arabia.
He explained that Iraq is in dire need to end the phase of closure that he lived since 1990 until now because of the economic siege and the deteriorating security situation after 2003, indicating that the current Iraqi openness is not related to Saudi Arabia only, but there is a genuine desire of the banking sector to open up to all international banks and regional And Arabic.
He pointed out that the strong banking relations between the Iraqi and international banks, regional and Arab will be reflected positively on the trade movement between Iraq and the world.
Note: The content titled (3 Iraqi banks seeking to open branches in Saudi Arabia) was published first on the website (economy news) and does not bear the encyclopedia of this day news content in any way.
You can see the details of this address (3 Iraqi banks seeking to open branches in Saudi Arabia) through the source of the original any site (economy News).
[You must be registered and logged in to see this link.]
Economy News Baghdad:
3 Iraqi banks are seeking to open branches in Saudi Arabia in the coming days as a result of the great improvement in economic relations between the two countries.
The governor of the Central Bank Ali Al-Alaq last week met with the Governor of the Saudi Arabian Monetary Agency Ahmed bin Abdul-Karim Al-Khulaifi at the headquarters of the Foundation in Riyadh, in the presence of a number of directors of government banks and the representative of private banks on Tariq, and the parties discussed the formation of a joint team of SAMA and the Central Bank of Iraq to promote and develop direct cooperation Between banks in both countries and comes within the framework of the development and activation of banking relations.
The two sides also discussed cooperation in remittances and correspondence relations between Saudi banks, Iraqi banks and other banking transactions that provide an appropriate infrastructure for future economic and investment cooperation between the two countries.
A source in the Iraqi delegation to "Economy News", "Iraq and Saudi Arabia agreed to increase cooperation in the areas of training and transfer of knowledge in a number of different areas in the Institute of Finance."
"The Iraqi Trade Bank will open a branch in Saudi Arabia and the procedures are going well," said the adviser to the central bank governor, Walid Eidi. "There are two requests from two private banks to open branches in Saudi Arabia."
He explained that the opening of branches or offices of Iraqi banks in the Gulf states or another country will reflect positively on the Iraqi economy because these branches will provide studies on the Iraqi market and contribute to the process of financing foreign trade and ensure the goods conform to the standard specifications and reduce the proportion of risks in the processes of export and import.
On the other hand, the Executive Director of the Association of Iraqi Private Banks, Ali Tariq, told "Economy News" that "the banking delegation that visited Saudi Arabia last week to discuss the development of banking relations between the two countries," noting that some Iraqi banks are currently seeking to take approvals for the opening Branches in Saudi Arabia.
He explained that Iraq is in dire need to end the phase of closure that he lived since 1990 until now because of the economic siege and the deteriorating security situation after 2003, indicating that the current Iraqi openness is not related to Saudi Arabia only, but there is a genuine desire of the banking sector to open up to all international banks and regional And Arabic.
He pointed out that the strong banking relations between the Iraqi and international banks, regional and Arab will be reflected positively on the trade movement between Iraq and the world.
Note: The content titled (3 Iraqi banks seeking to open branches in Saudi Arabia) was published first on the website (economy news) and does not bear the encyclopedia of this day news content in any way.
You can see the details of this address (3 Iraqi banks seeking to open branches in Saudi Arabia) through the source of the original any site (economy News).
[You must be registered and logged in to see this link.]
Wouldn't you say SA smells that stinky dinar? 
» Parliamentary Finance: Amending the Federal Budget Opens the Way to Change Ineffective Paragraphs
» utube 11/23/24 MM&C Reporting-Expectations are High-IMF-Flexible Exchange Rate Regime-Pr
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
» utube 11/27/24 MM&C The National Union explains the reasons for not legislating the oil and gas
» Mr. Al-Hakim: Oil dependence is an economic problem for Iraq, and decentralization is a guarantee of
» Al-Ziyadi: Amending the Investment Law and the Central Bank’s Interaction Guarantee the Success of t
» Iraq signs Mecca agreement to enhance cooperation in combating corruption and recovering its proceed
» Rights Center: 2024 Census Will Not Change Number of House of Representatives Seats.. Explains Why
» Parliamentary Oil: Amending a paragraph in the budget enhances oil exports and understanding with Ku
» Will Iraq take the adventure of joining BRICS despite American risks?
» MP: Former Oil Minister Blackmailed Main Suspect in Stealing the Century
» Negative impact on the legislation of laws.. Popular movement criticizes the weak performance of the
» Al-Maliki Coalition: Most blocs support amending the electoral law
» The National Union explains the reasons for not legislating the oil and gas law
» Iraq signs two memoranda of understanding with the Arab Tourism Organization
» Parliamentary Committee: Granting investment licenses reduces housing unit prices
» Parliamentary Finance: Amending the budget law will allow for changing useless paragraphs and items
» MP reveals latest developments in Personal Status Law
» Salary scale pushes towards hosting Al-Sudani inside the parliament dome
» Intensive meetings with British BP to develop Kirkuk fields
» "Al-Eqtisad News" publishes the full decisions of the Cabinet session
» Parliamentary Energy: Iraq continues its efforts to diversify gas supply sources
» What is Iraq's connection? Goldman Sachs: OPEC+ cuts may support oil in the short term
» New understandings between Baghdad and Erbil to export oil via Turkish Ceyhan
» Minister of Communications: We will deal with the global parent company Vodafone, not its branch in
» "Pessimism" about Trump's arrival to the US presidency.. Will it affect the Iraqi economy?
» Iraq is the fourth largest Arab country and the 51st largest in the world in the list of the world's
» Parliamentary criticism follows granting Vodafone the national mobile phone license
» Oil Markets: OPEC+ Plans to Increase Production, Trump's Promises Spark Controversy
» Natural barriers to stop desertification in the country
» Parliament Legality to Al-Sabah: Extending the Legislative Session Aims to Pass Important Laws
» The Council of Ministers takes 19 important decisions
» Al-Sudani: We succeeded in sparing Iraq the consequences of conflicts
» 20 schools with international standards in Babylon
» Transport to {Sabah}: One million passengers on board the Green Bird in 4 months
» Agriculture to {Sabah}: Strategic work programs to stop desertification in the country
» Food Basket: Improved Quality, Delayed Distribution
» Parliament extends its term and ends reading of three laws
» Great government achievements.. Model school buildings project
» Parliamentary meeting to discuss four important oil files
» Parliamentary Committee: We support amending the budget law and we submitted a request to add a new
» Al-Sudani stresses the importance of relations between Iraq and Kuwait and the government's efforts
» Al-Sudani leaves Baghdad for Spain on an official visit
» Economist: Non-oil revenues to achieve significant growth in 2024
» Transport signs a consulting contract with an Italian company regarding the first phase of the devel
» Iraqi Exhibitions Announce New Exhibitions Next Month
» Integrity: Iraq signs Mecca Agreement to enhance cooperation in combating corruption
» Despite setting the first session... the talks to form the regional government are at a standstill a
» Speaker of the House of Representatives discusses a number of important national issues with the Pre
» Iraqi oil falls again on third day of trading
» Economist: Iraq has a reliable database and the census does not create development but rather facili
» Decisive moves to propose salary scale amendment under the parliament dome
» To solve the overcrowding crisis, Iraq needs to build 10,000 schools
» 64% of Anbar power plant in Hit completed: A qualitative step to enhance energy
» Minister of Interior: We discussed with the United Kingdom ways of security and intelligence coopera
» The possibility of an Israeli strike on Iraq is increasing.. Will the factions stop the attacks if a
» Halt of Iranian gas supplies threatens operation of power plants in Iraq
» The Presidency of the Region announces: The new parliament will hold its first session on the second
» America: Factions in Iraq expose the country to the risk of instability
» Planning reveals the next step of the census: We will visit these families
» Health: Opening of three new factories to produce various medicines
» Health: Ongoing work to develop and create new specialized centers throughout Iraq
» The House of Representatives completes the first reading of the draft law amending the first three-y
» President of the Republic: The necessity of unifying efforts to establish peace and stability in the
» Al-Mandlawi to Kuwaiti Ambassador: The security of the region is indivisible
» Indian Oil Corporation maintains deal to import Iraqi oil
» Iraq's oil exports exceed 103 million barrels last month
» MP angry over obstruction of defense minister’s interrogation: Files threaten Iraq’s security collap
» Cabinet decisions include those related to “voluntary deduction” and Iraqi airports
» For the first time since 2003, non-oil revenues achieve significant growth during 2024 (tables)
» Find out the dollar prices in the Iraqi markets
» A new suspicion in the railways, its heroes are the “22 billion contract team”.. Signing a contract
» Prime Minister sponsors signing of two memoranda of understanding in the field of tourism
» Parliamentary Finance Committee discusses amending the three-year budget
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
» Increase in foreign remittance sales at the Central Bank of Iraq auction
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
» Kurdistan Finance delivers employees' salary schedule to the federal government
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
» Settling tax trust claims
» Launching the National School Health Strategy
» Approval to implement service projects in Babylon
» New container handling berths at ports
» Work: Demand for registration in social security
» Reconstruction: Land Bank to be completed next year
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
» Focus on the banking sector
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
» Economists: Census is a roadmap for development
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
» thirty-sixth session, chaired by the Minister of Planning
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
» The demographic boom in Iraq: an economic opportunity or a social burden?
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba