Density bank does not chime and sustainable development plans
9/14/2014 0:00
Mana calls to revive the proposal to establish a Bank for Economic Development
BAGHDAD - Hussein al-Tamimi Tgb
Demanded an economist granting freedoms for banks operating to contribute effectively to the achievement of economic development, and that there is equitable geographical distribution of banks and branches in all cities to provide services and products to a wider area, particularly financial loans that contribute to the reduction of the poverty line.
He urged Tawfiq inhibitor in an interview for the "morning" on the necessity of activating the proposal to establish a bank for Economic Development Act, which passed in the 2006 budget, and spread its branches in all the provinces to cover the investment services and rebuilding the infrastructure and this is a subject worthy of serious pause.
Move the market activities
He stressed the importance that banks contribute in supplying the investment process and move the construction market and work in the country, pointing to the importance of activating the cycle of capital to assist in moving the market activities, industry and agriculture, to contribute to the increase in gross domestic product rather than relying on the global market and increasing steadily rents and unilateral economy.
Balanced economic development
He added that the real challenge and the reality of progress and construction in the world is creating a strong economy through the establishment of balanced economic development and integrated play and the evolution of social and economic reality right to exploit the material and human resources by identifying the visions of the economy and sustainable development, noting that the economic and social development is the third pillar is very important for national security and national, pointing out that the beginning of the development of the banking system of a country like Iraq to become banks have any active role to establish an attractive environment and encouraging for investors at home and abroad because of the three pillars of the investment are looking for an investor comes after political stability and security. Are banks, insurance and logistics system (transport, supply, and storage).
He said the role of the banking sector, the current ineffectual and effective activities abused by the private sector, Certainty between the beneficiary and public banks and mixed private and missing and the consequent two things transform Iraqi funds abroad to invest, operate and saved, either in the home owner of capital preferred Oktnazha rather than saved or invested, which declined the role of the private sector.
Distribution of banks
He pointed to contrast the geographical distribution of the density of banking and density quantitative number of banking units available for one hundred thousand residents of Iraq or Alnph standard for the distribution of the banks, and the average (closer to 3 banks per 100 000 Iraqi citizen) This contrasts with the approach of sustainable development, while Bangladesh (5 banks per 100 000 residents) and compared with only Spain 100 units America 35 British and 13 notes a dramatic difference from the figures, authorized Banks in the country are weak to provide services to the citizen as is the case in the world, referring to the disparity in the granting of loans, as Baghdad accounts for 73 percent of the value of loans granted in Basra, while 1 percent and zero Dohuk and Anbar 2 thousand. There is a very important indicator and clear the subject of performance and administration as it did not take into account the subject of the separation of capital and management.
Pillars of investment
He continued, saying that the inhibitor of foreign invested companies facing the absence of banks that facilitate the operations required by the movement of cash through the simplification of lending and finance, insurance and conversion and Allojcetk and three things are the most important pillars of the pillars of foreign investment, and noted the importance of the subject of performance, the banking and insurance.
Weakness Insurance
Asher and weakness attention to insurance and promise a decline in fiscal policy in the country, both insurance and financial people, and the National Insurance Company did not deal claim to work as a real insurance, especially in regard to re-insurance, and this one of the biggest obstacles in delayed investment.
He said that private sector banks are few in number in the stock market investor in the stock market does not invest his money in the institution did not know anything about it and drains most of their capital a family, and the case of private sector banks will end up like the rest of the companies registered in the Iraqi market for securities is clear from the indicators that are below the level of ambition, because of loss of good governance in the vocabulary of these companies, if what contributed to his money chunky citizen, it means that he will contribute to an increase in investment rates and thus increase economic activity.
[You must be registered and logged in to see this link.]
9/14/2014 0:00
Mana calls to revive the proposal to establish a Bank for Economic Development
BAGHDAD - Hussein al-Tamimi Tgb
Demanded an economist granting freedoms for banks operating to contribute effectively to the achievement of economic development, and that there is equitable geographical distribution of banks and branches in all cities to provide services and products to a wider area, particularly financial loans that contribute to the reduction of the poverty line.
He urged Tawfiq inhibitor in an interview for the "morning" on the necessity of activating the proposal to establish a bank for Economic Development Act, which passed in the 2006 budget, and spread its branches in all the provinces to cover the investment services and rebuilding the infrastructure and this is a subject worthy of serious pause.
Move the market activities
He stressed the importance that banks contribute in supplying the investment process and move the construction market and work in the country, pointing to the importance of activating the cycle of capital to assist in moving the market activities, industry and agriculture, to contribute to the increase in gross domestic product rather than relying on the global market and increasing steadily rents and unilateral economy.
Balanced economic development
He added that the real challenge and the reality of progress and construction in the world is creating a strong economy through the establishment of balanced economic development and integrated play and the evolution of social and economic reality right to exploit the material and human resources by identifying the visions of the economy and sustainable development, noting that the economic and social development is the third pillar is very important for national security and national, pointing out that the beginning of the development of the banking system of a country like Iraq to become banks have any active role to establish an attractive environment and encouraging for investors at home and abroad because of the three pillars of the investment are looking for an investor comes after political stability and security. Are banks, insurance and logistics system (transport, supply, and storage).
He said the role of the banking sector, the current ineffectual and effective activities abused by the private sector, Certainty between the beneficiary and public banks and mixed private and missing and the consequent two things transform Iraqi funds abroad to invest, operate and saved, either in the home owner of capital preferred Oktnazha rather than saved or invested, which declined the role of the private sector.
Distribution of banks
He pointed to contrast the geographical distribution of the density of banking and density quantitative number of banking units available for one hundred thousand residents of Iraq or Alnph standard for the distribution of the banks, and the average (closer to 3 banks per 100 000 Iraqi citizen) This contrasts with the approach of sustainable development, while Bangladesh (5 banks per 100 000 residents) and compared with only Spain 100 units America 35 British and 13 notes a dramatic difference from the figures, authorized Banks in the country are weak to provide services to the citizen as is the case in the world, referring to the disparity in the granting of loans, as Baghdad accounts for 73 percent of the value of loans granted in Basra, while 1 percent and zero Dohuk and Anbar 2 thousand. There is a very important indicator and clear the subject of performance and administration as it did not take into account the subject of the separation of capital and management.
Pillars of investment
He continued, saying that the inhibitor of foreign invested companies facing the absence of banks that facilitate the operations required by the movement of cash through the simplification of lending and finance, insurance and conversion and Allojcetk and three things are the most important pillars of the pillars of foreign investment, and noted the importance of the subject of performance, the banking and insurance.
Weakness Insurance
Asher and weakness attention to insurance and promise a decline in fiscal policy in the country, both insurance and financial people, and the National Insurance Company did not deal claim to work as a real insurance, especially in regard to re-insurance, and this one of the biggest obstacles in delayed investment.
He said that private sector banks are few in number in the stock market investor in the stock market does not invest his money in the institution did not know anything about it and drains most of their capital a family, and the case of private sector banks will end up like the rest of the companies registered in the Iraqi market for securities is clear from the indicators that are below the level of ambition, because of loss of good governance in the vocabulary of these companies, if what contributed to his money chunky citizen, it means that he will contribute to an increase in investment rates and thus increase economic activity.
[You must be registered and logged in to see this link.]
Yesterday at 7:52 am by Rocky
» utube 3/28/24 MM&C Iraqi Dinar - IQD Update - SWIFT - Purchasing Power - Urban Renaissance - Releas
Yesterday at 7:51 am by Rocky
» Al-Mandalawi: Iraq is witnessing competition between major companies...and the House of Representati
Yesterday at 7:49 am by Rocky
» The President of the Republic stresses the importance of the role of programmers in developing the w
Yesterday at 7:46 am by Rocky
» The Minister of Industry and Minerals follows up on the technical and production performance of the
Yesterday at 7:45 am by Rocky
» The Minister of Finance is following up on the field the progress of the newly implemented ASYCUDA s
Yesterday at 7:44 am by Rocky
» Statistics: There are more than 15 million bank accounts in Iraq
Yesterday at 7:42 am by Rocky
» Representative: One paragraph hinders the passage of a general amnesty within the House of Represent
Yesterday at 7:37 am by Rocky
» Parliamentary Finance: “The draft federal budget law will be devoid of new job grades.”
Yesterday at 7:36 am by Rocky
» Parliamentary action to resolve the fate of “food security contracts” in 15 governorates
Yesterday at 7:35 am by Rocky
» 300 factories turned into "iron scrap" in Diyala
Yesterday at 7:34 am by Rocky
» A deputy expects the dollar exchange rate to reach 140 Iraqi dinars
Yesterday at 7:32 am by Rocky
» Al-Yasiri: The American administration is working hard to destroy the Iraqi economy
Yesterday at 7:31 am by Rocky
» Infographic: The highest annual salaries of leaders of Arab countries
Yesterday at 7:30 am by Rocky
» Communications announces that the electronic signature project has reached advanced stages
Yesterday at 7:29 am by Rocky
» Parliamentary Integrity presents a file related to Kuwaiti violations of Iraqi oil
Yesterday at 7:27 am by Rocky
» Parliamentary move to include amendments to Parliament’s internal regulations on the agenda (documen
Yesterday at 7:25 am by Rocky
» The Iraqi President urges the Minister of Finance to expedite the payment of salaries to the Kurdist
Yesterday at 7:23 am by Rocky
» Central Bank of Iraq sales exceeded $251 million at today’s auction
Yesterday at 7:21 am by Rocky
» The Foreign Minister questions the "Iraqi resistance" attacks against Israel: the other side did not
Yesterday at 7:20 am by Rocky
» The Minister of Labor announces progress in the electronic payment system
Yesterday at 7:17 am by Rocky
» Interior Ministry: For the first time, we controlled the smuggling of petroleum derivatives by 98 pe
Yesterday at 7:16 am by Rocky
» International companies offer offers to invest in the Dhi Qar marshes.. What distinguishes them?
Yesterday at 7:15 am by Rocky
» “Tough” comments on interest rates raise the dollar globally
Yesterday at 7:14 am by Rocky
» Iraq is the fifth largest oil supplier to South Korea in a month
Yesterday at 7:12 am by Rocky
» Recovering more than 100 billion as a result of more than 200,000 employees on social welfare
Yesterday at 7:11 am by Rocky
» The Sudanese consultant announces the completion of Baghdad Metro track designs
Yesterday at 7:08 am by Rocky
» Al-Sudani stresses ending the problem of triple-shift schools
Yesterday at 7:07 am by Rocky
» Iraq begins building two new tankers to transport petroleum products
Yesterday at 7:06 am by Rocky
» Forming a council for “competition and preventing monopoly”
Yesterday at 7:04 am by Rocky
» Features of an Iraqi-Turkish agreement regarding the status of the Kurdistan Workers’ Party
Yesterday at 7:02 am by Rocky
» {Al-Buzrajiya} between the hammer of fraud and the power of the owners
Yesterday at 7:01 am by Rocky
» Ministry of Oil: The gas sector is witnessing great development
Yesterday at 6:59 am by Rocky
» An agreement with Britain in the field of securities
Yesterday at 6:58 am by Rocky
» Discussions between Baghdad and Ankara to open a new port
Yesterday at 6:57 am by Rocky
» Trade: About 11 million citizens updated their new card information
Yesterday at 6:56 am by Rocky
» Electronic payment is sustainable growth
Yesterday at 6:55 am by Rocky
» Experts: Iraq qualifies to be an important tourist country
Yesterday at 6:54 am by Rocky
» Amending the Health Professions Law “robs” scientists of the central appointment 3 years after it wa
Yesterday at 5:20 am by Rocky
» Is the “blessings package” that Erbil paid to the citizens of Kurdistan related to the elections?
Yesterday at 5:19 am by Rocky
» Exceeded 5,000 projects.. Allocating 10 trillion dinars to support governorate reconstruction plans
Yesterday at 5:18 am by Rocky
» “His need no longer exists.” Parliamentary Finance confirms the necessity of returning the retiremen
Yesterday at 5:17 am by Rocky
» To communicate with the bases... 12 directives from Al-Sadr, including blocking numbers for non-gove
Yesterday at 5:15 am by Rocky
» In an interview with "Baghdad Today"... an Iranian researcher reveals the importance of Haniyeh's vi
Yesterday at 5:14 am by Rocky
» After it was 63 trillion in 2023... the 2024 budget deficit will rise to 80 trillion dinars
Yesterday at 5:13 am by Rocky
» Parliament reveals the date of the first evaluation of the governors and determines the party respon
Yesterday at 5:11 am by Rocky
» The President of the Republic informs Al-Araji and Al-Basri: Momentum must be mobilized to eliminate
Yesterday at 5:10 am by Rocky
» Can the Federal Court sue others? A legal clarification of its response mechanism to abuse
Yesterday at 5:09 am by Rocky
» Despite promises to soon stop burning gas.. What is the secret behind Iraq renewing the Iranian gas
Yesterday at 5:07 am by Rocky
» Advisor to Al-Sudani: The dollar is on the way to further decline, and 70% of Iraqi traders have ent
Yesterday at 5:06 am by Rocky
» Iraq exported more than 99 million barrels of oil last February
Yesterday at 5:04 am by Rocky
» Barzani “gives good news” to Kurdistan employees: salaries, land, and loan exemptions
Yesterday at 5:03 am by Rocky
» Alia Nassif: Nour Zuhair returned to the port of Umm Qasr to make deals.. An influential Shiite forc
Yesterday at 5:02 am by Rocky
» The Prime Minister announces the movement of nearly 500 stalled projects
Yesterday at 5:00 am by Rocky
» A government strategy to enhance investments.. Iraq is on the verge of a new era of economic develop
Yesterday at 4:59 am by Rocky
» Ranging between 20% and 50%.. The Kurdistan government decides to reduce service fees, customs dutie
Yesterday at 4:58 am by Rocky
» Al-Sudani: The reform approach in the security services is an integral part of reform in other secto
Yesterday at 4:56 am by Rocky
» Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!
Yesterday at 4:55 am by Rocky
» Sources and experts expect the agenda.. in his bag is the Baghdad dollar and the factions’ truce, bu
Yesterday at 4:54 am by Rocky
» The decision to raise gasoline prices arouses the ire of drivers...a reminder of the large demonstra
Yesterday at 4:53 am by Rocky
» Parliamentary services: 3 important hospitals in Baghdad will enter service at the end of the year
Yesterday at 4:52 am by Rocky
» Iraq signs a contract to supply Iranian gas for a period of five years
Yesterday at 4:50 am by Rocky
» Parliament adds a voting paragraph on amending the Penal Code to its agenda
Yesterday at 4:49 am by Rocky
» His political advisor: We are not afraid of Sudanese entering the elections alone
Yesterday at 4:48 am by Rocky
» Parliamentary services explain the reasons for the rise in real estate prices in Baghdad
Yesterday at 4:46 am by Rocky
» Attia, criticizing the government's decisions: "The citizen's feathers will be ruffled without servi
Yesterday at 4:45 am by Rocky
» Parliamentary Communications: Zain Iraq and Asiacell did not pay their debts
Yesterday at 4:44 am by Rocky
» The Governor of Karbala announces the imminent establishment of the largest industrial city in the c
Yesterday at 4:43 am by Rocky
» A government determination to end the issue of displaced persons in the middle of this year
Yesterday at 4:42 am by Rocky
» Iraq buys gas from Kurdistan to generate electricity
Yesterday at 4:41 am by Rocky
» Parliamentary signatures to include an amendment to the internal regulations to decide the choice of
Yesterday at 4:40 am by Rocky
» In Basra.. a demonstration against foreign workers in Iraqi companies (video)
Yesterday at 4:38 am by Rocky
» Al-Samarrai: Presidency of Parliament is an entitlement to the constituents, and calling it a “frame
Yesterday at 4:36 am by Rocky
» Electronic food supplies in 6 governorates... covering 11 million Iraqis and “writing off” about 700
Yesterday at 4:34 am by Rocky
» Corruption of the Ministry of Transport.. Representatives express their surprise at the minister’s s
Yesterday at 4:32 am by Rocky
» The biggest supporter of the invasion of Iraq.. The death of former US Senator Joe Lieberman
Yesterday at 4:31 am by Rocky
» Iraq is ranked “late.” A list of the most and least safe Arab countries for women
Yesterday at 4:30 am by Rocky
» The Council of Ministers exempts the Gulf Interconnection Authority from guarantee fees: it is a gov
Wed 27 Mar 2024, 7:48 am by Rocky
» The Iraqi government raises the size of the 2024 budget, and Parliament is “surprised”
Wed 27 Mar 2024, 7:46 am by Rocky
» Popular Movement: We have many economic options away from American hegemony
Wed 27 Mar 2024, 7:42 am by Rocky
» The Oil Parliament stresses the need to transfer part of the revenues to the producing governorates
Wed 27 Mar 2024, 7:41 am by Rocky
» It will cover 14 regions in eastern Iraq.. A deputy reveals the “border electricity” project
Wed 27 Mar 2024, 7:40 am by Rocky
» Experts Warn Mass Migration Threatens US Food Security
Wed 27 Mar 2024, 7:37 am by Bama Diva
» Al-Fateh: America occupies Iraq through agreements
Wed 27 Mar 2024, 7:37 am by Rocky
» Anger in Iraq over a "sudden decision"... and a reminder of a "general strike" that paralyzed the co
Wed 27 Mar 2024, 7:34 am by Rocky
» Parliamentary Committee: Parliament is discussing today a decision that “disturbed” the Iraqis
Wed 27 Mar 2024, 7:33 am by Rocky
» Ministry of Electricity: Our production will reach 27 thousand megawatts by May
Wed 27 Mar 2024, 7:31 am by Rocky
» Diagnosing the “most important” problems in the oil file between Baghdad and Erbil.. What is the rel
Wed 27 Mar 2024, 7:30 am by Rocky
» The Iraqi Fiqh Academy and the Sunni Endowment issue a fatwa to pay Zakat al-Fitr
Wed 27 Mar 2024, 7:28 am by Rocky
» The National Bank of Iraq continues its digital transformation by launching its new banking system a
Wed 27 Mar 2024, 7:26 am by Rocky
» Parliamentary Investment and the Central Bank are discussing the housing initiative
Wed 27 Mar 2024, 7:25 am by Rocky
» The Prime Minister announces the restart of 500 suspended projects
Wed 27 Mar 2024, 7:23 am by Rocky
» Al-Barti assesses the region's employees: Your salaries are insured and will be paid after resettlem
Wed 27 Mar 2024, 7:21 am by Rocky
» Iraqi-American discussions in anticipation of the Sudanese visit
Wed 27 Mar 2024, 7:20 am by Rocky
» Iraq and Turkey hold meetings in Ankara to discuss technical issues related to the development road
Wed 27 Mar 2024, 7:17 am by Rocky
» A government parliamentary agreement to support budget revenues and governorate allocations for inve
Wed 27 Mar 2024, 7:16 am by Rocky
» Oil: The gas sector is witnessing great development
Wed 27 Mar 2024, 7:15 am by Rocky
» A Kurdish-French agreement to develop trade and economic relations
Wed 27 Mar 2024, 7:13 am by Rocky
» Exchange companies in Mosul demand that they be entered into the currency selling window
Wed 27 Mar 2024, 7:12 am by Rocky