Call for cooperation and integration of global economies

Call for cooperation and integration of global economies

[You must be registered and logged in to see this image.]
8/18/2015 0:00 

 BAGHDAD - Hussein al-Tamimi Tgb 
head of the Iraqi private banks association meek ​​Handal said the formation of team orders Diwani by the Prime Minister during the January 2015 came to contribute in determining the correct paths of the Iraqi economy through the economic reforms pursued by the government to achieve economic development, and between the main team composed of Nine people were specialists in more than a detailed economic, there are sub-teams technical and economic aim of the issuance of policies and measures to support the private sector package, and policy development to ensure the implementation of Article 25 of the Constitution included reform of the Iraqi economy according to modern foundations and the diversity of sources of income and support the private development sector and encourage investment in the various sectors . 
Handal said the package was launched from several directions the most important shared national vision between the public sector and the private sector beyond political considerations factional and personal interests narrow, and that the postponement of the reform will have a negative effect, pointing to the need to strengthen the capacity of the national economy on a sustainable growth and modernization of technology of production and diversification of income sources as well as providing employment opportunities as well as to preserve national wealth of material and human resources and development. 
He pointed out that the package directions focused on the need to strengthen the bonds of cooperation and integration or merger with Arab, regional and global economy and this requires upgrading to international standards and abide by the general conditions of the WTO that Iraq is seeking to join to it, as it would take to achieve partnership with international companies in the list of new projects or in various activities, which owns its products competitive advantage in the domestic market or export markets, especially that global companies prefer to partner with the Iraqi private sector and not the government. 
And the fundamentals of the group's work study experiences to ten Mrabha the past years that the Iraqi economy where methods are useless adopted which led us to organize continuous workshops with experts. Pointing out that the expert group goes to great lengths to reach the economically viable outlets, and then raise several proposals Vdilan proposals submitted by the Iraqi private banks association, was also touched on the successful experiences as a banking Ulkipalalt a local example and experience Emirates Airline and successes as an example of a regional. 
He called the media snapped its leading role in supporting the orientations aimed to promote the national economy Bmphasalh production and service. 
Executive Director of the Association of Iraqi private banks Ali Tariq said that the government is working to support the private sector and this is leading to the rise capabilities of this sector in the various terms of reference, especially in the banking sector Special which represents the axis of the starting point for the process of economic development. 
Tariq stressed the need for legislation to guarantee deposits law, which works to document the relationship between private banks and citizens who Ictnzn cluster of large cash worth billions of dollars that could be invested in activating the economy through employment in projects A_i_marah income-generating. 
He that directing the 5 trillion loans, as well as the "1" trillion dinars need the division of tasks between all relevant authorities in this matter, as well as the need for international expertise in the subject of consultation, especially as the foreign experts have a future vision for the coming years and reach the target set for it. 
Tariq had confirmed the efforts of the Association for the development of human resources to operate in private banks under a plan prepared this Ahan.hat stressed the importance of creating raise the competencies of employees in private banks to contribute to the advancement of the banking and mastery of advanced banking technology, which supplies to Iraq gradually. 
At the time confirmed Association of private banks in Iraq to comply with instructions of the Central Bank of Iraq in organizing the work of private banks for being the sectoral supervising the private banks. 
A statement from the Association that the current stage requires sectoral entities that have a role in the running of the economy, including the banking sector, which is practiced and compliance with the supervisory authority

 

[You must be registered and logged in to see this link.]
Bingo...........................INTEGRATION OF GLOBAL ECONOMIES
Thanks
LIT

GCC?

jedi17 wrote:GCC?

NO, not yet. This is opening up to the free market, that's why LIT says bingo cause of WTO global rules.....

12-18 months?? 

jedi17 wrote:12-18 months?? 

After the facts bro...They Say...

Monetary union"

In 2014, Bahrain, Kuwait, Qatar and Saudi Arabia took major steps to ensure

the creation of a single currency. Kuwait's finance minister said the four

members are pushing ahead with the monetary union but said some “technical

points” need to be cleared. "A common market and common central bank would also

position the GCC as one entity that would have great “influence on the

international financial system" he added. The implementation of a single

currency and the creation of a central bank is overseen by the Monetary

Council.

There is currently a degree to which a nominal GCC single currency already

exists. Businesses trade using a basket of GCC currencies, just as before the

euro was introduced, the Currency Unit was long used beforehand as a nominal medium of

exchange.

Plans to introduce a single currency had been drawn up as far back as 2009,

however due to the financial crisis and political differences, the UAE and Oman

withdrew their membership.

and from 2012

A Kuwaiti media delegation including ministers and MPs stressed the necessity for Iraq to join the Gulf Cooperation Council and start working on the Silk Road to better serve mutual interests and economic development in the region. Iraqi Prime Minister Nuri Al Maliki underlined the importance of developing relations in all fields between Iraq and Kuwait especially on the economic level while renewing calls for Kuwaiti firms to invest in Iraq.



"Maliki received a Kuwaiti media delegation including a number of Kuwaiti ministers and MPs," the office of Prime Minister Maliki advanced in a statement which Alsumarianews received a copy of. "Kuwaiti delegation stressed upon the necessity for Iraq to join the GCC and enhance work on the Silk Road to better serve mutual interests and economic development in the region," the statement indicated.

"The delegation members expressed their desire for special relations between Iraq and Kuwait especially in the economic field as well as for the accomplishment of real cooperation between both countries to incite Kuwaiti firms to invest in Iraq," the statement added.

Iraqi Prime Minister Nuri Al Maliki expressed desire, for his part, to enhance Iraqi-Kuwaiti relations in all fields especially the economic one calling Kuwaiti firms to invest in Iraq and contribute to the reconstruction process.

Arab investments in Iraq refer to positive relations with neighbors, Maliki expressed hoping that mutual visits between Iraq and Kuwait enhance relations and expand cooperation between the two people especially in media, culture, science, youth and women sectors.







a good reason for a penny above or a penny below