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6/11/2016 0:00
[rtl] BAGHDAD Mustafa al - Hashimi
said Academy that Iraq 's economy is still suffering greatly as a result of international sanctions imposed on it in the nineties of the last century by the reckless policies of theregime of the former, which has paralyzed almost entirely and caused Dharara adults in the main joints of the Iraqi economy.
The economist said the academic Dr. Majid Baidhani that some aspects economic and financial still the consequences of international sanctions suffering what hinders theopening of Iraq 's economy to the world properly. global isolation and explained Baidhani in an interview with «morning» that global isolation experienced by Iraq in the nineties of the last century has affected the development of banking and insurance sectors in particular , and the rest of the sectors in general . although Iraq out of Chapter VII of the UN Charter , but the consequences are still present and influential in the financial and banking sectors on a scale overseas explains the reason for the decline of these sectors due to the isolation experienced by the country. He said the two sectors represent thetwo pillars of any country 's economy in the the world being the two elements complement each other, especially in the field of attracting foreign capital and employment within the country in projects contribute effectively to the revitalization ofinternal capital cycle. Overseas branches pointed Baidhani that the overseas branches of the Rafidain Bank, for example, affected by international sanctions by freezing its activities and booking money Iraqi as well as the government insurance companies are have been affected by other such sanctions through the province outside her what happened to these two economists paralyzed almost complete because of it, pointing out that the consequences of the international boycott is still triggered clear in the area ofreinsurance global companies with our national companies. He pointed out the government insurance companies possessed good relations with foreign counterparts before the imposition of sanctions and were thriving in their work , but the course waschanged to just the opposite after the year 1991 and has continued so far affected by the lack of awareness of insurance imposed by the circumstances. positive proposalssuggested Baidhani reconsider bank branches file in abroad and re - activate theinsurance sector and strengthen its relations of international companies would improve the performance of these two sectors in particular that the reasons for the sanctions may still entirely since the spring of 2003. He called for speeding approached the competent authorities and to start a campaign a big promotion of the work of bank branches abroad and encourage them as they represent investors gate to enter the Iraq developmental their projects needed by the country, indicating the importance that precedes thecampaign administrative measures include the promotion of cadres of foreign branches with the blood of new staff with expertise and competence as well as measures limiting red tape and speed up the entry of investment funds into Iraq. He noted that theenjoyment of Iraq , good economic relations with several countries what requires consideration to open branches of government banks in these countries, expressing the hope that attract new branches more investment into the country. the number ofbranches of the Rafidain Bank currently 161 branches in Iraq , distributed between theprovinces and the capital , Baghdad , in addition to the seven overseas branches which both Egypt , Lebanon, United Arab Emirates, Bahrain, Yemen, Jordan, Jabal Amman, while Rasheed Bank possesses no branches outside the country.[/rtl]
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In the field of banking and insurance consequences of the international sanctions are still influential in the economy
6/11/2016 0:00
[rtl] BAGHDAD Mustafa al - Hashimi
said Academy that Iraq 's economy is still suffering greatly as a result of international sanctions imposed on it in the nineties of the last century by the reckless policies of theregime of the former, which has paralyzed almost entirely and caused Dharara adults in the main joints of the Iraqi economy.
The economist said the academic Dr. Majid Baidhani that some aspects economic and financial still the consequences of international sanctions suffering what hinders theopening of Iraq 's economy to the world properly. global isolation and explained Baidhani in an interview with «morning» that global isolation experienced by Iraq in the nineties of the last century has affected the development of banking and insurance sectors in particular , and the rest of the sectors in general . although Iraq out of Chapter VII of the UN Charter , but the consequences are still present and influential in the financial and banking sectors on a scale overseas explains the reason for the decline of these sectors due to the isolation experienced by the country. He said the two sectors represent thetwo pillars of any country 's economy in the the world being the two elements complement each other, especially in the field of attracting foreign capital and employment within the country in projects contribute effectively to the revitalization ofinternal capital cycle. Overseas branches pointed Baidhani that the overseas branches of the Rafidain Bank, for example, affected by international sanctions by freezing its activities and booking money Iraqi as well as the government insurance companies are have been affected by other such sanctions through the province outside her what happened to these two economists paralyzed almost complete because of it, pointing out that the consequences of the international boycott is still triggered clear in the area ofreinsurance global companies with our national companies. He pointed out the government insurance companies possessed good relations with foreign counterparts before the imposition of sanctions and were thriving in their work , but the course waschanged to just the opposite after the year 1991 and has continued so far affected by the lack of awareness of insurance imposed by the circumstances. positive proposalssuggested Baidhani reconsider bank branches file in abroad and re - activate theinsurance sector and strengthen its relations of international companies would improve the performance of these two sectors in particular that the reasons for the sanctions may still entirely since the spring of 2003. He called for speeding approached the competent authorities and to start a campaign a big promotion of the work of bank branches abroad and encourage them as they represent investors gate to enter the Iraq developmental their projects needed by the country, indicating the importance that precedes thecampaign administrative measures include the promotion of cadres of foreign branches with the blood of new staff with expertise and competence as well as measures limiting red tape and speed up the entry of investment funds into Iraq. He noted that theenjoyment of Iraq , good economic relations with several countries what requires consideration to open branches of government banks in these countries, expressing the hope that attract new branches more investment into the country. the number ofbranches of the Rafidain Bank currently 161 branches in Iraq , distributed between theprovinces and the capital , Baghdad , in addition to the seven overseas branches which both Egypt , Lebanon, United Arab Emirates, Bahrain, Yemen, Jordan, Jabal Amman, while Rasheed Bank possesses no branches outside the country.[/rtl]
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