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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Rocky
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by Rocky Mon 12 Nov 2018, 1:57 am


    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    08:15 - 12/11/2018
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    Information / Baghdad ..
    The Iraqi National Bank signed with the Finance Corporation, one of the World Bank Group and under the supervision of the Central Bank of Iraq, a strategic partnership to support the commercial sector and stimulate economic growth.
    "This partnership is a strategic step that reflects the confidence of the World Bank in the bank in particular and in the Iraqi banking sector in general," Al-Salem said in a statement.
    "In accordance with the agreement, IFC will include the NCB within the International Business Operations Program, which will enable the Bank to provide US $ 10 million in indirect commercial facilities to the corporate sector in the Iraqi market and under the sponsorship of IFC," Al Salem added.
    "The cross-border trade has a positive impact on the local economy and contributes to the upgrading of the banking sector," said Dalia Wehbe, IFC Director for the Levant region.
    "IFC will enable the National Bank of Iraq to expand its network of correspondents and support its diversification strategy, which is important and sustainable in the long run," she added. Ending / 25

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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Baghdad Municipality: "Launch Baghdad" the starting point of a strategic partnership with the privat

    Post by Rocky Mon 12 Nov 2018, 2:12 pm

    Baghdad Municipality: "Launch Baghdad" the starting point of a strategic partnership with the private sector


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    Baghdad Municipality confirmed on Monday that the project "Alq Baghdad" will be the initiative to launch joint projects with the private sector. 
    "It is a pioneering project that is the first of its kind in the field of public-private partnership," Amina Baghdad said in an interview with Al-Iktissad News on the sidelines of the completion of the second phase of the Al-Baghdad project. The Association of Iraqi Private Banks and its affiliated banks to finance this vital project. 
    She added that "20 yards were prepared in record time thanks to the concerted efforts between the financier of this initiative, the Association of Iraqi private banks and the Secretariat of Baghdad as the beneficiary, as it was keen to follow up work to remove the squares properly." 
    "This project is an initiative for other projects that will be conducted in cooperation between the public and private sectors."
    The sculptor Abbas Gharib has decorated two of the 20 houses that have been rehabilitated. The first monument was in the courtyard of the museum in the area of ​​Alawi and the second in the field of investigations. 
    Gharib said in his interview with "Al-Iktissad News" that he wanted to deliver messages through his work, stressing that "Baghdad is still fortified and will not die." 
    He adds that the first monument represents "Iraq's various holdings, represented by the Hammurabi Dam of Hamam, for 280 legal articles. It also contains two frescoes that represent the strength and strength of the Iraqis." 
    The sculptor points out that "the second monument represents the reality of Iraq and Baghdadi and his message says that Iraq, despite what has been done is still immune and armor and behind these shields there is tremendous defensive energy." 
    It shows that he adopted the third line in his second pillar because he "emerged from Baghdad"
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty The signing of a strategic partnership between the Iraqi National Bank and the International Finance

    Post by Rocky Mon 12 Nov 2018, 3:58 pm

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    The signing of a strategic partnership between the Iraqi National Bank and the International Finance Corporation to support the Iraqi commercial sector
    The Iraqi National Bank and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a commercial financing agreement to facilitate the access of Iraqi National Bank customers from the corporate sector to the international markets, in order to boost trade and stimulate economic growth. IFC supports the National Bank of Iraq in corporate governance. The agreement and the memorandum of understanding were signed at a special ceremony held under the patronage of His Excellency Mr. Ali Mohsen Al Alaq, Governor of the Central Bank of Iraq.
    The agreement and memorandum of understanding were signed by Ayman Abu Dheim, CEO of the National Bank of Iraq, and Dalia Wahba, Director of the International Finance Corporation for the Levant region. The signing ceremony was attended by a number of representatives of the official Iraqi financial institutions, as well as clients of the bank from the corporate sector and members of its Board of Directors and members of its executive management. 
    According to the agreement, IFC will include the Iraqi National Bank as part of the International Business Operations Program, which will enable the Bank to provide indirect trade facilities with a total value of US $ 10 million for the corporate sector in the Iraqi market and IFC bailout. Thus, the Iraqi National Bank is the only Iraqi banking institution affiliated to the program.
    "We view this partnership as a strategic step that reflects the confidence of the World Bank, a representative of the International Finance Corporation (IFC) in the National Bank of Iraq in particular and the Iraqi banking sector in general," said Bassem Al Salem, Deputy Chairman of the National Bank of Iraq. The partnership will enable the National Bank of Iraq to offer a competitive range of banking services to its corporate clients, helping them grow their businesses, import basic materials to Iraq and access global markets, which will play a pivotal role in boosting economic growth. "
    He added: "The Iraqi National Bank has been able to open up to the outside world during the past years, which enabled it to obtain ceilings to finance trade from a number of correspondent banks, which reflected positively on the volume of appropriations issued, which rose to more than 700 million dollars in 2017 "The bank's strategic partner, Capital Bank, which has about 62% of the capital of the National Bank of Iraq, has been commended for providing all forms of support since its participation in the Bank in 2005." 
    For her part, Ms. Dalia Wahba said: "Cross- Positive impact on the local economy as well A contribute to raising the level of the banking sector. " "IFC will enable the NCB to expand its network of correspondents and support its business diversification strategy, which is important and sustainable in the long term."
    This initiative comes within the framework of the Global Finance Finance Program implemented by the International Finance Corporation with a budget of US $ 5 billion. The program works with more than 600 partner banks around the world, providing partial or full guarantees as well as covering potential risks. 
    Finance plays an important role in facilitating cross-border trade, filling gaps in the market between importers and exporters by providing guarantees to banks, and supporting the creation of new jobs and reducing poverty. 
    The agreement is part of IFC's strategy to support the economies of developing countries affected by conflicts and help them recover from years of economic downturn.
    As for the MoU, IFC provides support to the National Bank of Iraq in strengthening the corporate governance system to ensure that best practices are applied in this area and to strengthen governance and governance frameworks.



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    weslin3
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by weslin3 Mon 12 Nov 2018, 9:48 pm

    But they are showing USD in first article. scratch
    tt10
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by tt10 Mon 12 Nov 2018, 10:28 pm

    weslin3 wrote:But they are showing USD in first article. scratch
    Also an old school calculator with English numerals and letters. Clearly a stock/generic photo.
    weslin3
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by weslin3 Tue 13 Nov 2018, 4:40 am

    tt10 wrote:
    weslin3 wrote:But they are showing USD in first article. scratch
    Also an old school calculator with English numerals and letters. Clearly a stock/generic photo.
    Good observation tt10.. Thanks
    Diamond
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by Diamond Tue 13 Nov 2018, 4:57 am

    weslin3 wrote:
    tt10 wrote:
    weslin3 wrote:But they are showing USD in first article. scratch
    Also an old school calculator with English numerals and letters. Clearly a stock/generic photo.
    Good observation tt10.. Thanks
    those 100 dollars aint old
    weslin3
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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

    Post by weslin3 Tue 13 Nov 2018, 5:13 am

    Diamond wrote:
    weslin3 wrote:
    tt10 wrote:
    weslin3 wrote:But they are showing USD in first article. scratch
    Also an old school calculator with English numerals and letters. Clearly a stock/generic photo.
    Good observation tt10.. Thanks
    those 100 dollars aint old
    Another good point Diamond...Thanks..

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    International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth Empty Re: International Finance and an Iraqi bank sign a strategic partnership to stimulate economic growth

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