Posts Tagged ‘Financial services’

Economics Committee calls to take advantage of the financial crisis and the import on credit

Posted: April 15, 2013 in Iraqi Dinar/Politics
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15/04/2013

BAGHDAD / JD / .. called for economic and investment commission in the House of Representatives to take advantage of the financial crisis faced by the major countries and enter into agreements at the level of import countries or companies that payment be processed on credit.

The report of the committee obtained by / JD / a copy of it that a large part of the development projects imported components in whole or in part from the outside world, adding that the formula used since the regime change in 2003 was the payment of credit 100% in advance. (more…)

Source: Banks offense in the case of the CBI is putting pressure on the judiciary to confuse

Posted: April 6, 2013 in Iraqi Dinar/Politics
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Published on Saturday, 06 April / April 2013 22:15

Detection judicial source high-level, on Saturday evening, the pressure exercised by the banks’ offense have files with the judiciary in the case of the Iraqi Central Bank to a group of judges, while pointing to the success of banks offense to put pressure on prominent judge was instrumental in reply to cancel the tutelage of the bank to a bank.

The source told “obelisk”, “The banks’ offense has the files of the Iraqi judiciary in the case of the Central Bank of Iraq to put pressure on a group of judges,” adding that “these banks have succeeded in pressuring a prominent judges of the case.” (more…)

Member of Economic Committee: We seek to remove all the obstacles in front of the investors to attract foreign investment

Posted: March 24, 2013 in Iraqi Dinar/Politics
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Date: Saturday 23/03/2013 06:03 pm

Said a member of the Committee on the economy and investment MP Nahida Daini “that its working to create a suitable platform for investment and remove all obstacles to attract foreign investment and to support the investment process.

Explained Daini” that the investment process in the country suffers from a number of obstacles, including that of legislation legal and there is no cover bank maintains on the corporate finance and guarantee their rights. (more…)

Economist Opinion: Further development of Iraq’s bank sector promote to foreign investment in the country

Posted: March 11, 2013 in Iraqi Dinar/Politics
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Economist Opinion: banking system development will contribute to the promotion of investment in the country
Date: 13/03/10 14: 24: 30 Sunday

Economist Abdul Sattar Al-Hashemi stressed the importance of development of the banking sector with the latest technologies to facilitate banking transactions and support economic development in the country, called for the creation of a suitable climate for investors.

(more…)

Mohsen Ali: the need to introduce modern systems work of local banks to be linked to global banks

Posted: February 23, 2013 in Iraqi Dinar/Politics
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23/02/2013

Baghdad (news) confirmed banking expert Mohsen Ali, the importance of introducing banking systems modern work of local banks private and government to keep pace with the evolution in the banking field and linked banks world.

said Ali (of the Agency news): The banking sector a major role in supporting and developing the investment process and the economy In general, must be provided a suitable ground for the support and promotion. (more…)

looking with the central bank governor and chief of customs, ways to improve the banking sector and the system Alkmarki

Posted: February 21, 2013 in Iraqi Dinar/Politics
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Thursday 21/02/2013 03:39 pm

Baghdad / WAP / search of the Secretary-General of the Council of Ministers on the Keywords with the Governor of the Central Bank and the Agency and Chairman of the General Authority for Customs and a number of representatives of the relevant authorities ways to raise obstacles for the banking sector, and activation of the system Alkmarki to achieve economic development. (more…)

Central Bank calls for banks authorized to exercise banking controls for granting credit cash

Posted: February 12, 2013 in Iraqi Dinar/Politics
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Author: Al Bayan wrote: February 11, 2013

Called CBI departments banks authorized to exercise banking status controls for granting credit cash and promissory for individuals and companies.

drew the central bank said in a statement banks need to identify the minimum insurance that met by the bank when granting credit, including the powers extraordinary to ensure individuals natural and legal and announce to the public in the first next March. (more…)

CBI Currency Auction for January 14, 2013

Posted: January 14, 2013 in Iraqi Dinar/Politics
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The opening of bids for the sale and purchase of the dollar daily Almaútan and third two thousand and ninety for the sale and purchase of foreign currency in the Central Bank of Iraq on Monday 1/14/2013 and the results were as follows:

DETAILS NOTES
Number of banks to contribute to the auction 23
Price foundation on which successful bidder selling dinars / dollars 1166
The price at which successful bidder JD Hraoua / USD —–
The amount sold by the bank at auction – $ 214,160,000
Amount the buyer by the bank at auction – $ —–
Total Leads – U.S. 214,160,000
Total Offers – U.S. —-

(more…)

Economic parliamentary likely install Turkish central bank governor

Posted: January 10, 2013 in Iraqi Dinar/Politics
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01/10/2013 12:00 am

BAGHDAD – morning
likely a member of the Committee on the economy and investment MP Jassim Mohammed Hussein, install Prime BSA Basset Turki governor to manage the central bank to the attributes of the experience financial and personal internationally acceptable. (more…)

Citizens complain about difficulties trading torn banknotes

Posted: January 6, 2013 in Iraqi Dinar/Politics
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7F128BC8-A604-4B91-8A4A-4E347DEB675A_w268_r105/01/2013

Became circulation banknotes shattered economic and social problem, affecting citizens constantly due to the failure of vendors and stakeholders public to deal with.

Ms. Avia Ali suffers from the exchange bank notes torn, since rejected by shopkeepers and drivers taxis. indicated Nawal Hamid Aboud It Her shop they refuse to deal with these papers, because they can not get rid of them easily, since rejects traders received them. (more…)

Economic Committee Member: CBI Law needs amended; Should be more supportive of financial sector

Posted: December 24, 2012 in Iraqi Dinar/Politics
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Baghdad (newsletter) … Economic Committee member MP called on the Iraqi/coalition/Qusay, to amend the current Central Bank, being not in line with developments in the world, particularly in the financial sector.

He said Juma (News News Agency): that the Central Bank was a lot of paragraphs that impede the work of the central banks of Iraq, needs to be amended because it not only helps to support financial sector development in the country. (more…)

Will Iraq be the the fast growing economy on earth?

Posted: November 25, 2012 in Iraqi Dinar/Politics
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Iraq need to improve its financial and legal infrastructure to attract investment, especially the financial services sector

The Wall Street bank’s data shows that among all the major economies it tracks, Iraq will be the only country that will post double-digit-growth in 2012 – clocking a 10.5% improvement in GDP this year.

China will emerge as the world’s second fastest-growing economy this year, with 7.7% GDP growth. Meanwhile, the ten most important emerging markets will only grow at 5.5% this year, weighed down by problems in OECD economies, BAML data shows. (more…)

The current issue of the Central Bank influenced the entry of investment companies to Iraq

Posted: November 18, 2012 in Iraqi Dinar/Politics
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18/11/2012 03:24 AM

Baghdad / follow-up of the East: – The decision of the Committee on the economy and investment MP / coalition of Kurdish blocs / Mahma Khalil, that the issue of the Central Bank and Financial governor accused of corruption greatly impacted on the entry of foreign companies to invest in Iraq. (more…)

Special Inspector General for Iraq Reconstruction (SIGIR) : Oct 2012

Posted: October 31, 2012 in Iraqi Dinar/Politics
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Special Inspector General for Iraq Reconstruction (SIGIR)

Quarterly Report to the United States Congress
October 30, 2012

Crude oil export volume also per year to the country.58 For a look at all three IEA production scenarios, see Figure 1.6. Despite the bright picture painted by these new reports, there are issues that could limit the country’s economic growth. Iraq’s antiquated banking industry has been unable to finance the kind of massive development spending required for Iraq to reach its goals. Further, international bankers voiced concern that the dismissal of CBI Governor al-Shabibi could weaken Iraq’s financial services industry. (more…)

CBI: The financial sector has witnessed high and liberal Iraq still follow the pre-market economy

Posted: October 17, 2012 in Iraqi Dinar/Politics
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Author: HM Editor: CC | GS Wednesday 17 v 1 2012 08:14 GMT

Deputy Governor of the Central Bank the appearance of Mohammed Saleh

Considered the Central Bank of Iraq, Wednesday, that the financial sector has seen a liberal high not borne by Iraq, and stressed that he still follow the pre-market economy, pointing out that the other “does not understand” in foreign exchange operations. (more…)

Deputy: underdevelopment of the banking sector and the lack of security and stability the most important challenges of investing in Iraq

Posted: October 13, 2012 in Iraqi Dinar/Politics
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Friday 12 October 2012

Follow-up – and babysit – reported by the Commission services and reconstruction MP / coalition of Kurdish blocs / Cheyenne Mohammed Taher, that highlighted the challenges facing the sector investment in Iraq is failure of the banking system for banking technologies global, and the lack of stability of a security fully, which led to the reluctance of many from international companies to invest in the country, calling to amend the investment law format attract companies and promote the country’s economic process. (more…)

Governor of the CBI, Shabibi confirms dollar selling (1166) JD

Posted: September 30, 2012 in Iraqi Dinar/Politics
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30-09-2012 08:50 AM
Confirmed Central Bank Governor Sinan al-Shabibi bank continued work buying and selling dollar b (1166) dinars and receipt of commissions which (13) dinars per dollar amounts that the purchase, that the purchase price of the dollar cash equal to (the sale price of U.S. $ cash minus – 8). (more…)

Member of the Finance Committee: Islamic Banking Act will be launched early 2013 to grant loans, without interest

Posted: September 29, 2012 in Iraqi Dinar/Politics
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Date: 09/29/2012 14:09:19 Saturday

Baghdad (news) .. Noted member of the Finance Committee MP / coalition in Iraq / Ibrahim al-Mutlaq, to begin work in the law regulating the work of Islamic banking in early 2013.

Mutlaq said (of the Agency news) on Saturday: The law regulating Islamic banking lift to the House of Representatives amended by the Central Bank and Finance Committee, stressing that the law will see the light in early 2013. (more…)

CBI: Banking conference in London calls on Iraq to amend the law on investments

Posted: September 23, 2012 in Iraqi Dinar/Politics
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Haider Ali Jawad – 09/23/2012 – 10:22 AM

Central Bank of Iraq that banking conference held in London last week called to amend the Iraqi Investment Law. said Deputy Governor of the Central Bank the appearance of Mohammed Saleh in a statement told the National Iraqi News / Nina /: “The conference, which was held in London, attended by government institutions, Discuss obstacles advent investment to Iraq with companies and foreign banks. ” (more…)

Shaways confirms from London serious government reforms of the financial sector and banking

Posted: September 19, 2012 in Iraqi Dinar/Politics
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Future news agency – 09/19/2012
London / With: Deputy Prime Minister Ruz Nuri Shawis “the government is serious in continuing financial sector reforms and banking and support efforts to improve the banks Iraqi civil to be able to contribute to an effective and serious in the process of building modern Iraq.” (more…)

Efforts to improve the performance of the banking sector to the global counterpart

Posted: September 19, 2012 in Iraqi Dinar/Politics
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09/19/2012 12:02 am

To qualify in the implementation of development programs

BAGHDAD – Hussein Tgb Tamimi
heading efforts economists and money into researching how to bridge the wide gap between the performance of the domestic banking sector and his world. (more…)

Sami al-Araji: directions to amend the investment law

Posted: September 16, 2012 in Iraqi Dinar/Politics
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09/16/2012

BAGHDAD / JD / .. Prime Authority National Investment Sami al-Araji, went body to repair some of the paragraphs Investment Law No. 13 of 2006. (more…)

Conference in London to sell the Iraqi banking sector

Posted: September 15, 2012 in Iraqi Dinar/Politics
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Orr News Agency – 09/15/2012
Sources financial Iraqi for that investment conference in the banking sector and banks in Iraq, which will be held in London on 18 and 19 of this month, will make Iraq a bank to finance the economies bankrupt and saving banks Europe and the United States as is the case with the banking sector Gulf. (more…)

Economist Opinion: The use ATM’s and credit cards will prevent fraud and reduce theft

Posted: August 27, 2012 in Iraqi Dinar/Politics
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Date: 2012-08-27 10: 24: 45 Monday

Baghdad (News) … The Economist called Abdul Salem Al-igaily, nice to promote ATM in local markets and promote the use of credit cards by the citizens because it facilitates the circulation of money and reduce theft.

He said Al-igaily (the news agency news) Monday: ‘ n the subject of widening phenomenon in the ATM market, whether in stores or restaurants and cafes as well as promoting how to use credit cards by citizens (MasterCard and visa.) is something culturally by all developed countries of the world because it prevents fraud and reduce theft. (more…)

Economist Opinion: CBI’s bank card initiative will help promote banking and circulation of funds

Posted: August 19, 2012 in Iraqi Dinar/Politics
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Expert: system (split national) will promote the work of credit card and facilitates the circulation of funds in the market
Date: 19/08/2012 13:34:12 Sunday

Baghdad (news) .. Stressed the economic expert Majid picture on the importance of establishing a system of “chunked” National banks which connects telecommunications network standard that will develop the banking system and facilitate the circulation of funds in the domestic market, noting that it will promote the work of credit card and how to handle them. (more…)

Rasheed Bank plans to provide loans to citizens for the purpose of purchasing homes

Posted: August 6, 2012 in Iraqi Dinar/Politics
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Rasheed Bank intends to finance housing projects exclusively within the plan of 2012 through the banking and lending an amount equal to 100 salary for public sector employees and 30 million Iraqi dinars for the non-staff for the purpose of purchasing homes.

(more…)

Iraq Finance 2012: International Conference and Exhibition on Banking and Financial Services in Iraq

Posted: July 13, 2012 in Iraqi Dinar/Politics
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Iraq Finance 2012 will facilitate constructive dialogue and exchanges between all the key players to rebuild a world-class banking and financial services industry in Iraq.

(more…)

Economist: the work of the stock market is disproportionate to the economic potential of Iraq

Posted: June 8, 2012 in Iraqi Dinar/Politics
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05/06/2012 10:25 PM

BAGHDAD / follow-up to the East: Description of the work of an economist Iraqi market for securities that are not commensurate with the big money and the economic potential possessed by Iraq, because of the weakness of the private sector.

He said economic expert Majid picture of the National Iraqi News Agency that the stock market affected the general situation in Iraq and that the number of companies traded in the market does not exceed 100 companies. (more…)

Finance Committee Vice Chairman: Call for amending CBI, Banking laws to reduce currency smuggling

Posted: June 2, 2012 in Iraqi Dinar/Politics
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Vice Chairman of the Finance Committee calls for a legal amendment of the Central Bank and the banks of the Penal Code with Tardahma
On: Saturday 02/06/2012 11:37

Baghdad (news) .. Called on Vice-President of the Finance Committee MP / Kurdish coalition blocs / Ahmed Hassan Faizullah, the need to amend the Central Bank and banks, to Tardahma with the Penal Code. (more…)

“Gate of Iraq”: the start of the exchange rate stability because of the strength of the financial sector

Posted: May 20, 2012 in Iraqi Dinar/Politics
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CBI A special “gate of Iraq”

Deputy Central Bank Governor Dr Mazhar Mohammad Saleh said in a statement singled out the “gate of Iraq” that the fluctuation of the exchange rate of the Iraqi dinar in the first quarter of this year, start receding as the currency exchange tends to be stable because of the strength of the financial sector. (more…)

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