Dubai is home to the Central Bank of Iraq next month

Dubai is home to the Central Bank of Iraq next month



12-18-2013



BAGHDAD / satisfaction Shammari



Iraqi Central Bank announced, yesterday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the country, while a bank official confirmed the British, on the importance of the creation of "comprehensive development" of infrastructure finance and banking to prop up the Iraqi economy, "a large and ambitious development process."
The governor of the Central Bank and the Agency, Abdul-Basit Turki, according to the Web site reported medal East Bzenz News ME Business News for economic news, and I have read it (the long-Presse), "The Bank will organize the second annual conference of the financial sector in Iraq, in the Emirate of Dubai for a period of from 27 to January 28, 2014 the next, "noting that" the conference will be held with the participation of Iraqi officials and personalities from leading international experts in the field of banking, and financial executives to discuss financial investment opportunities available in Iraq. "
He said Turki, "The conference will serve as a commercial site for the reception of foreign delegations and a rallying point for international investors seeking to implement commercial projects in Iraq," noting that it "will provide a springboard to discuss the four-pronged task derived from the fact that rising energy to power the growth of economic development in Iraq, which includes resources and infrastructure Finance for major local projects, and the current status of the Iraqi banking sector, as well as the participation of foreign lenders and their role in supplying the projects. "
The Governor of the Central Bank and the Agency, that "the central bank began its activity to launch a massive program to attract foreign investments to Iraq with paving the way for the entry of banks and foreign financial institutions," pointing out that "the Central Bank will present at the conference strategy for the development of the financial and economic situation in Iraq, to ​​highlight the importance of the role foreign companies in the domestic banking sector growth and development. "

According to the site, that in "Iraq is now more than 16 international banks and seven state banks and 23 civil lending, with nine Islamic banks", stressing that "the year 2012 the past, saw the rising number of banks, foreign investment in Iraq dramatically, as will Standard Chartered Bank British , distinguished presence at the conference after the opening of its first location in the capital, Baghdad. "

The transfer site medal East Bzenz News, the Executive Director of Standard Chartered Bank in Iraq, Geffen and chart, saying that "the pace of growth of the Iraqi economy going around fast, and that the increasing oil revenues, which will be realized in the coming years will bring huge benefits to the country," returned to "important sector which must evolve in the country is the overall development of the infrastructure of financial and banking that can assign a large economy and ambitious development process. "

It is noteworthy that Prime Minister Nuri al-Maliki, opened on 27 November 2013, the first section of the Standard Chartered Bank Standard Chartered British, in the capital Baghdad, emphasizing that it represents a "turning point" in the economic sphere, calling for banking institutions National to benefit from the experiences developed that can be provided by the bank.

The Standard Chartered Bank has announced earlier, the consent of the Central Bank of Iraq on his opening of three branches in the country, noting that it would be in both Baghdad and Erbil in the last quarter of 2013, the current, and then in Basra during the next 2014.

The bank Citigroup Citigroup U.S. banking services, announced on 24 June 2013, opening an office in Baghdad to become the first U.S. bank expands its services to include Iraq, betting in his step these economic opportunities, "long-term" in the oil-rich country, as quoted by the Financial Times newspaper.

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Dubai to Host Global Iraq Finance Conference for first time




Published Tuesday, December 17, 2013

Dubai will host the second annual Iraq Finance Conference on 27 and 28 January 2014 under the patronage of the Central Bank of Iraq.

The Conference will bring together leading Iraqi Government and Iraqi Central Bank officials, including the Minister of Finance and Central Bank Governor, senior international bankers and finance executives to discuss the significant opportunities in the country.

The event is designed to act as a marketplace for delegates, attracting and aligning the sponsors of local projects in Iraq with international investors. It will additionally provide a forum for discussion around three major focus areas arising from the rapid economic growth and development in Iraq. These include the sources and financial structures for Iraq’s major projects, the current state of the banking sector and participation of foreign lenders and the technology environment and its pivotal role in driving innovation and alleviating risk.

Dubai’s role as a hub for global financial institutions seeking to participate in Iraq’s economic and development projects make it an ideal venue for the annual conference. Leading global investment and retail banks and other financial institutions are increasingly using Dubai as their regional headquarters within the Middle East - joining High Net Worth Individuals (HNWIs) and family businesses in leveraging its well-established financial infrastructure, its concentration of financial institutions and status as a regional business hub to deepen their exposure to the region’s frontier markets.

Significant business opportunities exist in Iraq’s banking and financial sector - including the development of Iraq’s capital markets and the Stock Exchange (ISE) - providing prospective business for investment banks, retail banks, insurance companies and other financial institutions. Iraq recorded GDP growth rate of 8.4 per cent in 2012, driven by an improving security environment and foreign investment that has spurred economic activity, particularly in the energy, construction and retail sectors.

Commenting on the Conference and the aspirations of the Iraqi Central Bank, Dr Abdul Bassit Turki Saeed, Chairman, Federal Board of Supreme Audit, Acting Governor, Central Bank of Iraq, stated: "The Central Bank of Iraq has commenced a major programme of attracting foreign investment into Iraq and paving the way for the entry of foreign banks and financial institutions into the country. The Central Bank is delighted to be co-hosting the Iraq Finance 2014 Conference and will use this landmark event to present the Bank’s strategies and policies for financial and economic development in Iraq, including highlighting the important role of foreign companies in the growth and development of the local banking sector. We look forward to the active participation of financial stakeholders and investment organisations in supporting the process of construction and development and in taking advantage of available investment opportunities."


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The Central Bank plans to hold its annual Conference in Dubai next month to attract foreign banks to the country





Author: RS
Editor: BK, RS
13/12/17 17: 28
Hits: 16







Range/Baghdad

The Iraqi Central Bank, announced on Tuesday, the Organization (of the second annual Conference of the financial sector in Iraq), end of January 2014 in the Emirate of Dubai, in line with stronger growth in the country's economic development, noting that the Conference aims to present its strategy for financial and economic development, attract investments and foreign banks in the country, while British banking official, stressed the importance of "all-round development" of the banking and financial infrastructure to support a "large and ambitious development process."

He said the Governor of the Central Bank, Abdul Basit Turki, listed site medal East beznz news ME News of Business and economic news seen by (term), "the World Bank will organize the second annual Conference of the financial sector in Iraq, in Dubai from 27 to 28 January 2014", noting that "the Conference will be held with the participation of Iraqi officials and figures from leading international experts in the field of banking, finance executives to discuss available investment opportunities in Iraq."

Turkish, said that "the Conference will serve as a commercial site for the reception of foreign delegations and a point of attraction for international investors seeking to implement commercial projects in Iraq", stating that it "will provide a platform to discuss four important themes derived from the fact of increasing growth energy economic development in Iraq that include resources and financial structure for local projects, and the current status of the Iraqi banking sector, as well as the participation of foreign lenders and their role in supporting the project.

The Governor of the Central Bank, "the Central Bank initiated its activity with a huge programme to attract foreign investment to Iraq with paving the way for the entry of foreign banks and financial institutions", pointing out that "the Central Bank will be presented during the Conference strategy of financial and economic development in Iraq, highlighting the importance of the role of foreign companies in the growth and development of the domestic banking sector."

The site, said that "Iraq is more of the 16 banks and seven banks and 23 community lending, with nine Islamic banks, last year saw a rise in the number of foreign banks in Iraq, as it would be for the Standard Chartered Bank of Britain, his presence in the Conference after opening its first branch in the capital Baghdad.

A medal to East beznz news, Executive Director of Standard Chartered Bank in Iraq, geeven, weshart as saying that "the pace of growth of the economy was moving rapidly, the increasing oil revenues achieved in the coming years will bring huge benefits to the country," returned to "important sector which must evolve in the country is the comprehensive development of the banking and financial infrastructure that can support substantial economy and ambitious development process."

The Prime Minister, Nouri al-Maliki, opened in (27 November 2013), the first branch of the Standard Chartered Standard Chartered Bank of Britain, in the capital Baghdad, stressing that this was a "turning point" in the economic field, calling on national banking institutions to take advantage of the expertise that could be provided by the Bank.

Standard Chartered Bank announced (5 September 2013), approved by the Central Bank of Iraq on its opening three branches in the country, indicating that it would be in both Baghdad and Irbil, during the last quarter of 2013, and then in Basra by 2014.

And Citigroup, the US Bank Citigroup, announced (24 June 2013), open an Office in Baghdad, becoming the first US Bank expands services to include Iraq, the pro-peace momentum created in this step to economic opportunities "far-reaching" in the oil-rich country, according to the British Financial Times newspaper reported.


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Misleading by title but good read. The info indicates tho to me, no changes in the exchange rate till at least this conference. You want see the agenda sites copy and paste what I just said cause it doesn't fit the guru image.

Here we go, :(

Be lucky to pass budget by end of jan!