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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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    Iraq is considering establishing a leasing company with local and foreign participation

    Rocky
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    Iraq is considering establishing a leasing company with local and foreign participation Empty Iraq is considering establishing a leasing company with local and foreign participation

    Post by Rocky Wed 11 Dec 2024, 4:41 am

    Iraq is considering establishing a leasing company with local and foreign participation

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    Economy News - Follow-up
    [rtl]Today, Wednesday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed with a delegation from the International Finance Corporation the establishment of a leasing finance company with local and foreign participation.[/rtl]
    [rtl]The bank's media office stated in a statement received by "Al-Eqtisad News" that "Al-Alaq received a delegation from the International Finance Corporation that included the director of the financial sector of the corporation in the region, Youssef Habash, and Bilal Al-Zughair, the resident representative in Iraq, the financial investment officer, and the head of the advisory department."[/rtl]
    [rtl]The statement added, "During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman)." [/rtl]
    [rtl]He added, "The Governor of the Central Bank discussed the proposal to establish a leasing company with local and foreign participation, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing."[/rtl]
    [rtl]He explained that "the meeting also discussed the importance of launching the Riyada Bank during the coming year, which will support projects with small and medium loans, in line with the government's vision to support graduates and entrepreneurs and develop labor markets."[/rtl]


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