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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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    In the Forum hosted by the Baghdad bankers Arabs: the Iraqi economy is eligible to be a tiger VIII

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
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    • Post n°1

    In the Forum hosted by the Baghdad bankers Arabs: the Iraqi economy is eligible to be a tiger VIII Empty In the Forum hosted by the Baghdad bankers Arabs: the Iraqi economy is eligible to be a tiger VIII

    Post by Hkp1 Sun 13 Jan 2013, 12:37 pm

    In the Forum hosted by the Baghdad bankers Arabs: the Iraqi economy is eligible to be a tiger VIII

    13/01/13 10: 03

    A
    Baghdad Bank Economic Forum new turn in the course of joint Arab action
    through the participation of financial experts and business forums
    organized in cooperation between the Arabic Bank Union and International
    Union of Arab bankers and private Iraqi banks.

    The Forum which
    was sponsored by the Prime Minister and parliamentary and governmental
    participation came to strengthen the role of the private banking sector
    and give impetus to contribute to economic development through access to
    international experiences and Arabic in this area and devoted
    worksheets in the Forum on the importance of supporting this important
    sector with a view to strengthening partnership in the face of Arabic
    Bank global financial crises.

    Abdul Basit Turki, Governor of the
    Central Bank, said that the meeting marked the beginning of serious
    stage in cooperation with regional States and universal, where she
    attended the Arab banking Union delegations as well as delegations from
    developed countries, pointing out the importance of the development of
    the banking industry and Arabic to return to the region the ability to
    manage our wealth, our countries have human and natural ingredients to
    promote the banking industry and its products.

    The wealth of our
    countries have for long periods of time, and today it is necessary to
    work on the proper management of resources and to development and
    construction and service of our future generations.



    Increasing the cash reserve



    Central
    Bank Governor promised by Abdul Basit Turki establishment of such a
    forum in Baghdad clearly has great size and strength of the national
    economy, hoping that the Forum supports investment projects undertaken
    by Iraq aimed at reconstruction and construction.

    Turkish drew
    during a speech on the sidelines of the opening of the Forum that
    Baghdad used to be an incubator for everything good and beneficial for
    all countries and the forum only clear evidence of Iraq's efforts to
    revive the financial sector in all Arabic countries, especially in the
    difficult global economic circumstances and are subject to degradation,
    noting that the Forum will provide one layout for Arabic economic
    policies, as well as other objectives aimed at revitalizing the Iraqi
    economic realities, particularly the productive diversity Iraq is known
    to all, so that the Iraqi economy is cash crop and is the basis for oil
    revenues in financing of public budgets, adding that despite those
    economic restructuring but they provide investment opportunities and
    possibilities that could make a difference economically in the country,
    especially with the abundance of Iraq's economy.

    The time in
    which the Central Turkish take inter actions and steps to revive the
    budget out of the traditional character and rid it of the possible
    impact, Iraq foreign reserves reached the limits of the (110) billion
    dollars by the end of this year, and this figure is financially
    important to cover the local currency could provide further protection
    and strength of other influences, the Governor said that the growth
    forecasts are pointing to the possibility that high levels this year,
    likely increasing the national economy's growth rate Nine percent,
    coinciding with increased production and export of oil.

    Turki
    also said that the Bank's independence by the responsibility of leading
    the banking business in Iraq, and the development of financial services
    and improve banking density to one bank for every 40,000 people,
    moreover, economic management is according to the Constitution, and the
    graph is a market economy, and from here take the World Bank role in the
    pursuit of foreign currencies through the banking sector's economic
    activities, and that this trend is consistent with economic freedom, so
    we are in a strong Bank, economy We hope that this forum is dealing with
    sensitive issues in the banking sector to succeed in making
    recommendations to the development of this sector.


    Iraq economic tiger sleeping


    With
    these words describe general secretary of the Union of Arab Banks and
    Sam Fattouh Iraq, which praised the government's measures adopted in the
    country and efforts to bring economic change commensurate with the
    possibilities of Iraq human and financial, pointing through his speech
    that the forum is held under conditions of Arab precision, and Central
    مخاضات Arab Spring, warning that the economic situation will get worse during future periods as a result of the global economic crisis.

    He
    called Arab banks to take further measures to counter what object
    methods provided and increase capital funds, especially the fight
    against corruption, unemployment and money laundering, pointing out that
    Iraq is a country rich able to bring in more investment companies
    thanks to the great efforts made by the government in order to develop
    the economic reality in general and the banking In
    particular, and as expressed Fattouh ready system Arab Banking to
    provide various kinds of support and advice to Iraq in order to revive
    the fact investment in it, announced achieving rates of GDP in the
    country reached $ 132 billion last year, expecting a rise to the limits
    of $ 154 billion during the current year, indicating Statistics
    owned by the Union of Arab Banks expect to achieve Iraq's high growth
    rates have not notified by any of the countries the world this year,
    pointing out that these statistics approached the limits of 14.7
    percent.


    Fatouh
    said that all Arab bankers should take it upon themselves to the
    advancement of economic reality, as well as their efforts to fight
    corruption, poverty and unemployment, saying that the role of the
    banking system during future periods will be Arabic on Iraqi economic
    activities in its various forms to contribute to that system to its role
    in the development of financial institutions and the reconstruction and
    construction undertaken by Iraq for years, especially the banking
    reforms, financing of productive sectors, revitalizing the private
    sector financing mechanisms, saying those things as a whole are key
    areas in which Draw a road map in Iraq, where banking investment
    requires funding effort banks can play in the development of their
    performance in Iraq.

    Fattouh commended the economic laws in
    General and particularly investment in Iraq, stressing that the
    development of the country's investment body thanks to altkamlh
    legislation approved by the Iraqi Government, which contributed to
    attract many companies and foreign investors to the country.

    The
    time within which the expected Fattouh Iraqi economy achieves high
    growth rates, he stressed that Iraq's exports will rise this year to 89
    billion dollars, expected to report next year 2013 more than 109 billion
    dollars, adding that oil revenues thanks to the significant development
    in this sector has been able to convert the previous budget deficits to
    surpluses, as well as reducing government debt.

    Fatouh said that
    the assets of the banks during the year amounted to Arabic 2011 about
    2.6 trillion dollars, he would address the challenges faced by countries
    Arabic of the problems of money laundering and other economic crises at
    the same time, the Iraqi banks association comprising all the banks,
    economists and deal directly with the Central Bank of Iraq with the aim
    of reviving the country's development realities, particularly the Iraq
    country can develop economic reality, and also said: That Iraq economic
    tiger has come to wake it up.


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