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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

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    Parliamentary meeting recommends increasing the capital of government banks

    Rocky
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    government - Parliamentary meeting recommends increasing the capital of government banks Empty Parliamentary meeting recommends increasing the capital of government banks

    Post by Rocky Mon 15 Feb 2021, 8:43 am

    [size=35][size=35]Parliamentary meeting recommends increasing the capital of government banks[/size]
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    Economie

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    2021-02-14 | 09:01
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    On Sunday, the Parliamentary Economic and Investment Committee held a meeting with government banks, in the presence of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, while it recommended increasing the capital of sectoral government banks to revitalize local industry and agriculture.


    "In the presence of the First Deputy Speaker of Parliament," the committee said in a statement [url=https://www.alsumaria.tv/Entity/1655419151/%D8%AD%D8%B3%D9%86 %D9%83%D8%B1%D9%8A%D9%85 %D8%A7%D9%84%D9%83%D8%B9%D8%A8%D9%8A/ar/]Hassan Karim Al Kaabi[/url] The Parliamentary Economic and Investment Committee hosted directors of government banks and a representative [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]The Central Bank of Iraq[/url] To discuss the mechanism of action of banks and the extent of their contribution to economic development, and to discuss the implementation of an initiative [url=https://www.alsumaria.tv/Entity/314357766/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A/ar/]The Central Bank of Iraq[/url] The amount of five trillion dinars, which includes the sectors of industry, agriculture and housing, and directing it in a manner that serves the economic development of the country and drives the economy. "






     
    The statement quoted the Chairman of the Economy and Investment Committee [url=https://www.alsumaria.tv/Entity/2387461414/%D8%A7%D8%AD%D9%85%D8%AF %D8%B3%D9%84%D9%8A%D9%85 %D8%A7%D9%84%D9%83%D9%86%D8%A7%D9%86%D9%8A/ar/]Ahmed Salim Al-Kanani[/url]He said, "This initiative was originally launched by the Economic and Investment Committee more than four years ago and prepared in full and in detail for industrial and agricultural development and the development of the investment sector in the field of housing and other investments related to a qualitative leap in the development of small and medium enterprises and employment of manpower." Until "the bureaucracy that governs state institutions delayed this initiative, which made it lose a large part of its economic goals."
    He added, "The Economic and Investment Committee, with its legislative and supervisory work, believes that there is a weakness in the implementation mechanism of this initiative, especially in the industrial and agricultural side, which are the important aspects that we must focus on in the initiative as it is the main engine for all economic activities in the country and its weakness lies in the lack of funds allocated to it within the initiative." In addition to the great complications in terms of the required guarantees, this reduces the chances of success of the initiative within these two sectors. "
     
    He pointed out that "the initiative is directed towards the housing loan, which is the purchase of housing, which revives speculators in small real estate and leads to competition for small real estate, instead of moving towards building housing that invigorates large sectors of the economy and employing the labor force."
     
    Al-Kinani stated that "it was agreed to approach the Finance Committee to include in the general budget a paragraph concerning increasing the capital of government banks in a manner that qualifies these banks to carry out their economic and development tasks." Entering raw materials for factories inside [You must be registered and logged in to see this link.] To ensure the continuity of production and non-stoppage, as well as the guarantees required for loans for industrial projects in which the percentage of the loan from the required guarantee of real estate must be taken into account.
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