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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Earnest desire of the international Arab bankers cooperation with Iraq

    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19

    Earnest desire of the international Arab bankers cooperation with Iraq Empty Earnest desire of the international Arab bankers cooperation with Iraq

    Post by Hkp1 Mon 14 Jan 2013, 1:52 pm

    Earnest desire of the international Arab bankers cooperation with Iraq

    14-01-2013 10:42 AM

    Praised
    a member of the Committee on the economy and investment parliamentary
    Nora البجاري efforts that culminated in the holding of the Forum Baghdad
    economic and banking, which embraced Iraq earlier this week, calling
    for the need to apply what took him out the confluence of the
    recommendations confirmed that it is necessary to revive the banking
    reality, stressing the importance to seek all government agencies
    passage of laws do your banking business and gives more confidence to
    enable it to play a vital role in Iraq's economic system in general.


    Baghdad
    has seen embracing received economic and investment Arab organized in
    collaboration between the Central Bank and the Federation of private
    banks and the Union of Arab Banks and the International Union of Arab
    Bankers, and was attended by many specialists in the economic and
    financial as well as officials in the institutions of government
    economic and members House of Representatives, as well as
    representatives from a number of institutions Arab economic.

    Participants
    stressed the recipient held over two days on the importance that the
    government is seeking to Iraqi develop the banking system, especially
    private, and given a prominent role in the economic process, and praised
    the efforts government efforts to attract more investment to Iraq,
    افتين that these investments and international companies need urgent
    into banking Mntoma able to meet all their banking needs, which backed
    البجاري when stressed that the government will reconsider some of the
    laws that taken on the prevention of the official institutions of
    cooperation with private banks, indicating that it could reflect the
    effects of the significant negative impact on the functioning Iraqi
    banking in general,

    calling at the same time the Ministry of Finance to
    cancel its decision to stop dealing with government departments, private
    banks, memory that duty now to enact laws that facilitate and develop
    the work of private banks do not hinder progress.

    And disclosed
    البجاري about the existence of a draft law is studied now in the House
    of Representatives will work if passed on the advancement of the work of
    private banks, especially the proposed law will provide fertile ground
    for dealing with these banks, demanding at the same time the need to
    implement the recommendations that came out of the conference on the
    ground and turn important them to economic laws can contribute to
    increase growth rates in Iraq. was general secretary of the Union of
    Arab Banks and Sam Fattouh 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 during a speech to
    the forum held under conditions Arab precision,

    and Central مخاضات Arab
    Spring, warning that the economic situation will worsen during future
    periods as a result of the global economic crisis, calling on 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 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 banking in particular,

    and as expressed Fattouh ready system
    Arab Banking to provide various kinds of support to Iraq in order to
    revive the fact investment in it, announced that rates GDP in the
    country amounted to $ 132 billion last year, expecting a rise to the
    limits of $ 154 billion during the current year, noting that Statistics
    owned by Union of Arab Banks expect to achieve Iraq high growth rates
    have not notified by any of the countries the world this year, pointing
    that these statistics approached the limits of 14.7 percent.

    Turn
    said economic expert sword Hilfi that this event holds the important
    lots including Sbivh to the domestic banking sector of positives at many
    levels where you find the delegations of Arab and Ajnah present to the
    forum and all these delegations in store ideas sophisticated help to
    promote economic reality domestic banking first and sectoral Second,
    pointing out that the gathering bank of this size regulated in Iraq for
    the first time is the first step on the road to start a new phase,
    especially that Iraq is one of the first countries that established the
    Union of Arab Banks, but policies of the former regime prevented
    continue Iraq with the Arab Union and it led to a decline in the banking
    sector at a time when the Iraqi banking products doubled a lot about
    what is available in Iraq.

    He added that the case has changed and
    attempts Avenue to promote the reality of local banking in particular
    directions for the advancement of economic sectors local can not be
    achieved without providing banking system developed provides the
    requirements of the investment process and free economy in general of
    advanced banking services and fast, and indicated that he was to reach
    agreements with the Arab delegations participating to build bridges of
    communication and the first phase will do the channels of communication
    in the field of open letters of credit and direct investment process
    within Iraq and then track the operations of the cooperation over the
    wider benefit to the local economy.

    He pointed out that the
    importance of the financial sector stems from being a first gate for any
    recycling Mali, noting that the Iraqi side and during the conference
    touching a serious interest in Arab cooperation of an international
    financial sector Iraqi because they realize the importance of Iraq on
    the global economy and the attributes of the wealth is invested need to a
    sophisticated banking system when investing in them.

    He hoped the
    managing director of the Federation of Iraqi banks Manaf Badri Hassoun
    to come out recommendations of the conference to achieve the goals of
    proportions strategy fit and aspirations to ensure building economic
    policy balanced and draw a stable monetary policy keeps Iraq from
    economic fluctuations expected during future periods and put financial
    and banking sector on the right track, which can be positioned to
    benefit from the experiences of Arab countries.



    [You must be registered and logged in to see this link.]

      Current date/time is Thu 28 Mar 2024, 5:37 pm