Home
Abadi: Banks stimulate the economy development in the arm
12/13/2015 0:00
BAGHDAD - morning
Saturday's events kicked off the annual banking conference in the presence of Iraqi and Arab and foreign delegations and heads of the banking sector was held under the slogan gate pillar of financial inclusion and sustainable development.
At the beginning of the opening ceremony, the representative of Prime Minister Haider al-Abadi, Minister of Planning and Development Cooperation Salman Jumaili word welcomed in its infancy in participating Arab vast praising the role of those in charge of the conference included the word a broad overview of the support shown by the government for banks as a development arm, indicating that the reforms have affected the banking sector confirmed its importance in achieving the revitalization of economic sectors.
The prime minister noted in his speech to the contribution of the government in supporting the productive sectors through the launch of development loans earmarked for various projects program.
The prime minister warned of placing obstacles in the implementation of this vital program and important on the road to development.
In turn, he gave the central bank governor, Dr. Ali Keywords accept the word which the strategic prospects of the Central Bank in the field of financial inclusion aimed at expanding financial services to include large segments of the poor and the unemployed, expressing confidence in the possibility of achieving significant activities in the productive sectors.
Then head of the Iraqi private banks association meek Handal said: The primary objective of this conference is to stand on what has been achieved from the recommendations of the previous conference and diagnosis of the obstacles that we faced together over the past year and come up with recommendations complement what we started last year and down to achieve the conference title (Sector Gateway banking and financial inclusion pillar of the reform and sustainable development).
He added .. that the general economic and security situation in Iraq cast a shadow over the reality of the banking business and make us great responsibilities to contribute with the rest of the parties in the promotion and overcome the crises that we faced and we expect to continue through 2016, has led the overall decline in oil prices globally to a deficit in the budgets of the state for the years 2015 and 2016, which requires everyone to pause for the diagnosis of kinks in the Iraqi economy and to be able to correct the path of Iraq face its crises.
Handal stressed that the Association of Banks calling for the important role of the central bank in a pre-emptive control over the banking system and the independence of this role as part of the basis and essential in the banking market stability in general, and also calls on the parties concerned to find alternatives to the auction through banks to move away from what accompanies this activity from jamming is auctioned The purpose of providing him the foundation of the national currency of state institutions and the preservation of the exchange rate. He has much banks of internal reforms over the past year in line with the reforms policy and developed a lot of its business and its methods, but I am still suffering from a crisis of trust existing between them and the government apparatus which impact directly on its work and is reflected in the confidence of the public by and reluctance to deal with them and directing their money and their dealings to banks outside of Iraq or by methods continue to handle the cash outside the banking system.
Union of Arab Banks was present with a large delegation headed by its secretary general Wissam Fattouh, who confirmed that the Iraqi banking sector stepping Confidence for the development of all his joints and attract cutting-edge technology to all aspects of the work, stressing that the Iraqi private banks association continues with the Arab and international banks will lead to building a banking sector, noting the need to that there be an exchange of experiences at the level of the Arab region that has seen a lot of banks significant developments in the adoption of advanced technology.
Executive Director of the Association of Iraqi private banks said that the conference has become an annual tradition to bring the parties from economists, banks and government companies supporting the banking business and in this conference there is a new addition consisted of an international presence on the high level of heads of Arab and international banks and international companies specialized information technology, as well as the presence of Union of Arab Banks. He pointed out that this conference draws the Association of Banks plan for next year aimed at active participation in the development process as well as the development of the banking sector in light of the current circumstances, noting cooperation with the Central Bank of Iraq for the advancement banking operation inside Iraq through the adoption of the central plans, stressing that the future work It aims to make banks path parallel to the path of the central bank to serve Iraq.
He said, we will discuss the mechanisms and the inclusion of all segments of society to take the financial funding that has broad and great interest in the world and we are hired to serve Iraq and our goal is strategic for the next stage to adopt all means allocated for this purpose.
He said the conference will stand at the role of finance in the development process and the creation of employment opportunities and the CBI project financing and company financing of small and medium enterprises as well as the role of microfinance and the initiative of the five trillion Iraqi dinars through government banks.
In turn, said Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani said in an interview (morning) to the importance of the conference and that he will achieve something positive for the banking sector, where our banks are located, along with banks and banks of regional and international possesses advanced technology that could be employed to create an effective banking sector is able to deal with the best companies the world that need to be developed banking sector. Bolani said that private banks must be supporting the foundation to build the economy, we should look to the future with confidence and creativity through a solid and well-developed banking sector and we hope to find bridges of international local bank cooperation emerge from this conference, which can be described as significant.
The Executive Director of the Iraqi Company for Bank Guarantees Rula Saleh has confirmed that the conference holds a special significance through the stand at the successful Arab and international experiences of operations bank lending and its role in achieving sustainable development, pointing to the importance of the work on the transfer of successful experiences to Iraq through convergence with the regional and international effort successful. He noted the importance of the conference and its role in the development of the necessary to the problems of emerging economies solutions and mechanisms to overcome them by offering solutions that are appropriate to provide funding for the various production and service projects that contribute to the advancement of the economic actor. Dr.. Khaled al-Ghazzawi creative director Bank Microfinance Bahraini occur (morning) for medium and small enterprises and micro-world experiences that have achieved great successes on the level of the world, and pointed out that Iraq, including owned economic capabilities and human resources capable of creating a sophisticated banking sector, especially we know The Iraqi banking construction of history can be one of the best sectors in the region and the world.
Mohammed Zakaria EBI adviser has stressed the importance of the role of human resources in the development of the banking sector, pointing out that they represent the most important axes of development of the banking sector, where leading the qualification of human resources to create banking services fit and all segments of society. He urged the need to work on building human capacity equipped to deal with cutting-edge technology that the world is witnessing the mechanics and make it serve the community through financial inclusion and Dorhvi achieve economic viability of different countries of the world.
[You must be registered and logged in to see this link.]
12/13/2015 0:00
BAGHDAD - morning
Saturday's events kicked off the annual banking conference in the presence of Iraqi and Arab and foreign delegations and heads of the banking sector was held under the slogan gate pillar of financial inclusion and sustainable development.
At the beginning of the opening ceremony, the representative of Prime Minister Haider al-Abadi, Minister of Planning and Development Cooperation Salman Jumaili word welcomed in its infancy in participating Arab vast praising the role of those in charge of the conference included the word a broad overview of the support shown by the government for banks as a development arm, indicating that the reforms have affected the banking sector confirmed its importance in achieving the revitalization of economic sectors.
The prime minister noted in his speech to the contribution of the government in supporting the productive sectors through the launch of development loans earmarked for various projects program.
The prime minister warned of placing obstacles in the implementation of this vital program and important on the road to development.
In turn, he gave the central bank governor, Dr. Ali Keywords accept the word which the strategic prospects of the Central Bank in the field of financial inclusion aimed at expanding financial services to include large segments of the poor and the unemployed, expressing confidence in the possibility of achieving significant activities in the productive sectors.
Then head of the Iraqi private banks association meek Handal said: The primary objective of this conference is to stand on what has been achieved from the recommendations of the previous conference and diagnosis of the obstacles that we faced together over the past year and come up with recommendations complement what we started last year and down to achieve the conference title (Sector Gateway banking and financial inclusion pillar of the reform and sustainable development).
He added .. that the general economic and security situation in Iraq cast a shadow over the reality of the banking business and make us great responsibilities to contribute with the rest of the parties in the promotion and overcome the crises that we faced and we expect to continue through 2016, has led the overall decline in oil prices globally to a deficit in the budgets of the state for the years 2015 and 2016, which requires everyone to pause for the diagnosis of kinks in the Iraqi economy and to be able to correct the path of Iraq face its crises.
Handal stressed that the Association of Banks calling for the important role of the central bank in a pre-emptive control over the banking system and the independence of this role as part of the basis and essential in the banking market stability in general, and also calls on the parties concerned to find alternatives to the auction through banks to move away from what accompanies this activity from jamming is auctioned The purpose of providing him the foundation of the national currency of state institutions and the preservation of the exchange rate. He has much banks of internal reforms over the past year in line with the reforms policy and developed a lot of its business and its methods, but I am still suffering from a crisis of trust existing between them and the government apparatus which impact directly on its work and is reflected in the confidence of the public by and reluctance to deal with them and directing their money and their dealings to banks outside of Iraq or by methods continue to handle the cash outside the banking system.
Union of Arab Banks was present with a large delegation headed by its secretary general Wissam Fattouh, who confirmed that the Iraqi banking sector stepping Confidence for the development of all his joints and attract cutting-edge technology to all aspects of the work, stressing that the Iraqi private banks association continues with the Arab and international banks will lead to building a banking sector, noting the need to that there be an exchange of experiences at the level of the Arab region that has seen a lot of banks significant developments in the adoption of advanced technology.
Executive Director of the Association of Iraqi private banks said that the conference has become an annual tradition to bring the parties from economists, banks and government companies supporting the banking business and in this conference there is a new addition consisted of an international presence on the high level of heads of Arab and international banks and international companies specialized information technology, as well as the presence of Union of Arab Banks. He pointed out that this conference draws the Association of Banks plan for next year aimed at active participation in the development process as well as the development of the banking sector in light of the current circumstances, noting cooperation with the Central Bank of Iraq for the advancement banking operation inside Iraq through the adoption of the central plans, stressing that the future work It aims to make banks path parallel to the path of the central bank to serve Iraq.
He said, we will discuss the mechanisms and the inclusion of all segments of society to take the financial funding that has broad and great interest in the world and we are hired to serve Iraq and our goal is strategic for the next stage to adopt all means allocated for this purpose.
He said the conference will stand at the role of finance in the development process and the creation of employment opportunities and the CBI project financing and company financing of small and medium enterprises as well as the role of microfinance and the initiative of the five trillion Iraqi dinars through government banks.
In turn, said Chairman of the Committee of Economy and Investment parliamentary Jawad al-Bolani said in an interview (morning) to the importance of the conference and that he will achieve something positive for the banking sector, where our banks are located, along with banks and banks of regional and international possesses advanced technology that could be employed to create an effective banking sector is able to deal with the best companies the world that need to be developed banking sector. Bolani said that private banks must be supporting the foundation to build the economy, we should look to the future with confidence and creativity through a solid and well-developed banking sector and we hope to find bridges of international local bank cooperation emerge from this conference, which can be described as significant.
The Executive Director of the Iraqi Company for Bank Guarantees Rula Saleh has confirmed that the conference holds a special significance through the stand at the successful Arab and international experiences of operations bank lending and its role in achieving sustainable development, pointing to the importance of the work on the transfer of successful experiences to Iraq through convergence with the regional and international effort successful. He noted the importance of the conference and its role in the development of the necessary to the problems of emerging economies solutions and mechanisms to overcome them by offering solutions that are appropriate to provide funding for the various production and service projects that contribute to the advancement of the economic actor. Dr.. Khaled al-Ghazzawi creative director Bank Microfinance Bahraini occur (morning) for medium and small enterprises and micro-world experiences that have achieved great successes on the level of the world, and pointed out that Iraq, including owned economic capabilities and human resources capable of creating a sophisticated banking sector, especially we know The Iraqi banking construction of history can be one of the best sectors in the region and the world.
Mohammed Zakaria EBI adviser has stressed the importance of the role of human resources in the development of the banking sector, pointing out that they represent the most important axes of development of the banking sector, where leading the qualification of human resources to create banking services fit and all segments of society. He urged the need to work on building human capacity equipped to deal with cutting-edge technology that the world is witnessing the mechanics and make it serve the community through financial inclusion and Dorhvi achieve economic viability of different countries of the world.
[You must be registered and logged in to see this link.]
» The House of Representatives is close to approving a law that has been suspended for more than a dec
» Advisor to the Prime Minister: Iraq's economy is strong and moving towards improvement
» Sudanese advisor: The official exchange rate will match the parallel exchange rate within a few week
» The most prominent of which is the discussion of the oil file.. A delegation from the regional gover
» Parliamentary Finance: We have received the draft budget and it is not necessary to return it to the
» Parliamentary mobilization for statement "One" against the dictatorship of Al-Halbousi during the se
» Framework: We will not make any concessions in order to pass the election law
» Al-Bayati: The budget will be decided during next April, and the Kurds will not hinder its passage
» With an area of 330 dunums.. revealed the details of an economic and commercial city project in Ba
» Framework: Reviewing the strategic agreement with America will be a next priority after its failure
» A parliamentary move to host the Minister of Commerce due to the delay in disbursing the ration card
» Kurdistan's oil is stacked in storage tanks after exports to Turkey stopped
» Parliament was surprised by Al-Halbousi's behavior by hiding the budget and putting forward politica
» Expert: The American presence on the borders undermines the country's security and threatens its saf
» Oil prices are moving in a narrow range due to supply concerns and the banking crisis
» The Financial Times: The dollar crisis revealed the fragility of the Iraqi economy
» Al-Jawahiry: One billion and 500 million dollars, the value of Iraqi profits after international arb
» Sudanese advisor: Central Bank reserves reached 115 billion dollars
» "The orders have not been issued yet." A comment from the Sadrist movement regarding the approval of
» The Director of Passports announces the end of the crisis and invites citizens to collect their pass
» Economic experts question Iraq's ability to establish a dry channel with Turkey due to the lack of "
» The Iraqi Central Bank’s sales of dollars increased to 230 million
» Legislation has been waiting for 18 years. An agreement between Baghdad and Erbil to approve the oil
» Oil rises two dollars with the suspension of Kurdistan exports and optimism about the banking sector
» Iraqi oil exports to America will increase by 98% in 2022
» Once again... a Kurdish delegation visits Baghdad to continue the "oil talks"
» Valid: The official exchange rate will match the parallel one in a few weeks or months
» A leader in the coordination framework reveals a plan to arrest 30 senior figures accused of corrupt
» Political analyst: 4 reasons behind Muqtada al-Sadr's silence on the passage of St. Lego
» The United States of America asks Iraq to resume pumping oil through Turkey
» A Kurdish deputy admits: the region used to export 500,000 barrels per day
» An economic and commercial city in Abu Ghraib
» Recommendations to address the repercussions of changing exchange rates
» Developing marketing outlets in all governorates and districts
» Extinguishing the debts of the martyrs and wounded of the popular crowd
» The Kurdistan Region informs the oil companies to stop exporting crude abroad through Turkey and to
» Al-Rafidain: advances from 5 million to 25 electronically
» Parliamentary immigration: We rule out returning the budget to the government
» A memorandum of understanding with three Arab countries for agricultural cooperation
» The region's parliamentary elections are "past" despite the differences
» Electronic payment at gas stations save public money and prevent smuggling
» {Engineer}.. A promising investment experience
» The parallel dollar market.. negative effects that limit purchasing power
» A member of the Finance Committee recommends returning the budget to the government
» Basem Khashan: Parliament is the most violating of the constitution.. There is no way but to dismiss
» Wednesday's parliamentary hosting of the committee to prepare the "salary scale" for employees - urg
» Al-Sudani receives a phone call from the Saudi Crown Prince (details)
» A delegation from the region visits Baghdad.. The oil file is a top priority
» A Saudi bank signs an agreement with an Iraqi bank to finance exports and imports to the two countri
» It will reach its peak in 2027 and then decline.. Iraq will never achieve its oil production target.
» Iraq is the "sixth in the Arab world" in the production of renewable energy
» Companies operating in the Kurdistan region are "pilling" oil into tanks until the crisis is over
» A new decline in oil prices.. Brent stands at $72 a barrel
» A slight increase in the exchange rates of the dollar in the local markets
» Al-Sudani and Bin Salman discuss bilateral relations and a number of regional and international issu
» The Iraqi government is asking the former defense minister to give up plots of land
» Kurdish anger at US statements and talks in Baghdad about stopping oil
» Al-Sudani issues several directives to end the delay in the projects of the entrances to the capital
» The US State Department: The Kurdistan Region is a strategic partner for us and stressed that “the U
» Al-Rafidain defines electronic advances of up to 25 million for these groups, without a guarantor
» The House of Representatives votes on the law of the third amendment to the House of Representatives
» Parliamentary Finance discusses a budget without schedules and recommends reducing expenditures
» Large parties summoned the "absent class" to pass "St. Lego" and a deputy came in a wheelchair
» British report: the lack of availability of the dollar reflects the weakness of the Iraqi economy
» Retirement pledges to increase salaries and receive a feast for the beneficiaries
» Learn about the mechanism for allocating lands and housing units to employees of the Ministry of Def
» Al-Mandalawi: Amortizing the debts of these two categories after approving the budget
» Al-Sudani's office announces the launch of the tasks of the "Governmental Services Team"
» A Kurdish delegation arrives in Baghdad for financial and oil talks
» A memorandum of understanding to achieve agricultural integration between Iraq, Syria, Lebanon and J
» Residential complexes, companies and exhibitions... Trade reveals the details of an economic city pr
» During 2022... Iraq's oil exports to America will increase by 98%
» The Ministry of Commerce announces the arrival of a ship loaded with Thai rice for the food basket
» 20 years since the US invasion: Iraq's politicians live in confiscated homes
» Planning makes recommendations to the Council of Ministers to address the market implications of cha
» A decline in the shares of oil companies operating in Kurdistan, following the suspension of oil pum
» Al-Rafidain issued a statement regarding electronic advances
» Hours after its approval, the first appeal against the election law
» In the document, the Minister of Defense addresses the Ministry of Finance to include army officers
» Talk about the price of oil.. Al-Sudanese diagnoses two pathologies related to the different previou
» The Kurdistan Regional Government informs foreign companies to stop exporting crude oil abroad
» Deputy: Al-Halbousi threatened the independents to terminate their membership for trying to disrupt
» The Minister of Health chairs an expanded meeting with the Association of Scientific Offices and str
» The Ministry of Planning discusses the effects of changing the exchange rate on the Iraqi market
» With Sunni and Kurdish support, the independents announce the start of procedures for the dismissal
» Details of an expanded meeting to discuss the impact of changing the exchange rate on the Iraqi mark
» The Electoral Commission in Kurdistan identifies "one obstacle" to conducting the polls on time
» Planning discusses a number of proposals to address the high price of the dollar
» Al-Hakim: Approving the oil and gas law is an "urgent necessity"
» Deputy shows the mechanism of distributing the investment budget between the provinces
» Planning: We will soon present recommendations to the Council of Ministers to address the repercussi
» A memorandum of understanding to achieve agricultural integration between Iraq, Syria, Lebanon and J
» First Bank of Iraq launches global instant money transfer serviceSHARE ON MESSENGER
» Hemn Hawrami: The best solution to the region's oil case is to pass the oil and gas bill in the Iraq
» The Association of Banks reveals expected facilities in granting lending operations
» Expert: The decision of international arbitration closed the doors in the face of Kurdistan regardin
» Chinese companies account for the largest share of Iraq's oil exports in a month
» A new rise in dollar prices in Baghdad and Erbil