Consensus on simplified procedures and removal of routine

[Officiallytook]

 

[Butifldrm]

   

Organizing an international financial conference next month in Baghdad

22/11/2017 12:00 am  Baghdad / Al-Sabah  Preparations are under way for the organization of the International Conference and Exhibition on Banking, Investment and Financial Services in Iraq. Chairman of the Organizing Committee Ahmed Al-Jader said: "The conference is sponsored by the Central Bank of Iraq and is organized by Frontier Exchange International in Baghdad for the period from 2 to 3 December next," pointing out that "the organization of this conference in Baghdad came at the request of economists and finance in various parts Especially in the Middle East and North Africa. " He added that "the conference will discuss a number of important axes that were organized in the agenda and most important plans and strategies of the Central Bank for the next phase, and mechanisms to develop relations between foreign banks and Iraqi banks, as well as financial reforms that the government is trying to implement to attract and attract foreign investment. He pointed out that " The role of banks in compliance, combating money laundering and supporting sustainable development, the role of Islamic banks strategy in Iraq, and the extent of supporting the financial markets of the national economy, as well as the role of technology and modern banking systems in the development of banking work in Iraq. Al-Jader said that "the conference will discuss several important issues that aim to serve important joints in Iraq, such as financing large projects of infrastructure projects / reconstruction of areas affected by terrorist operations, and that" the most important participating bodies the Central Bank of Iraq and specialized governmental institutions and public and private banking institutions And foreign banks interested in the subject of work in Iraq and cooperation with Iraqi banks. "   http://www.alsabaah.iq/ArticleShow.aspx?ID=147904

[Jaygo]

Sometimes next week actually this week. Maybe next month actually means this month!

[yota691]

WELCOME TO THE IRAQ BANKING & INVESTMENT SUMMIT

Held for the first time in Baghdad on the 2nd and 3rd December, under the patronage of the Central Bank of Iraq, this landmark event will discuss the exciting opportunities and growth prospects within Iraq. This two-day forum will discuss the enormous potential of the Iraqi economy, bringing together high level discussion between government officials, decision makers, large multinationals and investors.

This important conference, the first of its kind to be held in Baghdad, is being organised at a crucial time. Iraq has reclaimed its land and driven out Daesh from its borders. The country is ready to develop its economy and once again showcase all it has to offer. The country is well known for its extensive hydrocarbon reserves, however, with the current decline in oil price, now is the time to highlight all the potential industries within the country.

Iraq has come through a difficult few years with declining oil prices and a costly war, however, its economy has remained robust. Growth is forecasted to average over 12% in 2017 with the budget deficit expected to be eliminated over the coming few years. The government successfully offered two sovereign bonds, exceeding all expectations, both highly oversubscribed. The confidence in the international investor community highlights the continued support to develop Iraq and its economy. With extensive opportunities within banking, mining, tourism, agriculture and many other sectors, now is the time to invest in Iraq. 

[yota691]

WHY ATTEND?

• Identify and explore opportunities across a multitude of sectors with a focus on the banking sector.
• Learn about the Iraqi economy and growth story over the next few years.
• Network with decision-makers from the government of Iraq.
• Discuss opportunities within Iraq’s major projects and network with Tier 1 investment professional, C-level corporate leaders, investors and corporate executives from across the globe.
• Benefit from the only gathering of banking and investment professional in Baghdad.
• Understand the current business climate in Iraq and the current multinationals, successfully implementing projects.

WHO ATTENDS?

HIGHLIGHTS

• A detailed showcase of the Iraqi banking sector and investment opportunities.
• A 2-day programme comprising top analysis, discussion and exchanges focused on the growth story of Iraq.
• High-value networking and analysis with government officials and leading multinational executives.
• The first and largest gathering on the economy in Baghdad. The only opportunity to witness first hand the developments in Iraq.
• Invaluable connections and insights from current participants in the Iraqi economy, including opportunities, challenges and outlook.
• Meet with international investors and funds providing foreign direct investment in the country.

[yota691]

AGENDA

Day 1 – Saturday 2 December 2017

8:30 – 9:00	Registration
9:00 – 9:30	Welcome and Opening Remarks

The Future of Iraq
9:30 – 10:30	The Macroeconomic View: Opportunities & Overview of Iraq’s Key Sectors Iraq Post Daesh: Plans & Prospects to Develop the Economy The CBI’s Monetary Strategy & Growth Plans for the Economy Legislative & Judicial Developments to Encourage Foreign Investment in Iraq
The National Investment Landscape
10:30 – 11:30	The National Investment Commission: The Gateway into the Private Sector Iraq’s Recent Bond Issuance: Showcasing Increasing Investor Appetite & Demand PPP Opportunities: Large Projects in Power Utilities, Construction & Energy Multinational Perspectives: Case Studies from Global Firms Operating in Iraq
11:30 – 12:00	Tea & Coffee

Developing Iraq’s Banking & Financial Sector
12:00 – 13:00	Enhancing the Operational Environment & Developing Trust with the Banking Sector The Opportunities for Investment Banking in Iraq Strengthening & Developing Ties with The Lebanese & Turkish Banking Community Moving from a Cash Economy and Encouraging a Credit Economy Biometric Solutions for Banking & Mobile Payments
International Finance Corporation – Workshop
13:00 – 14:00	IFC: Investment Strategy in Iraq The Evolution of the Risk Management Function within Iraqi Banks Environmental, Social & Governance Integration for the Financial Institutions
14:00 – 16:00	Lunch & Networking

Day 2 – Sunday 3rd December 2017

8:30 – 9:00	Registration
9:15 – 9:30	Summary of Day 1

Technology & The Iraqi Growth Story
9:30 – 10:30	Tech Entrepreneurship: Breaking the Country’s Dependence on Oil Mobile Banking: The Future of Banking, New Software & Solutions Rejuvenating the Economy: Opportunities within Technology in Iraq Technology and Its Importance to Retail Banking & ATM Implementation
The ISX: Capital Markets & Iraq
10:30 – 11:30	Investment Prospects & Strategy to Develop Iraq’s Financial & Capital Markets Measures to Encourage International Investment in the ISX Encouraging Local Listings & Developing Investor Relations in Listed Companies Overcoming Investment Constraints: The Problems of Transparency & Liquidity
11:30 – 12:00	Tea & Coffee

Reconstruction Iraq
12:00 – 13:00	Production Factors of Infrastructure: The Primary, Secondary Sectors & Service Provision The Housing Market in Iraq: Satisfying the Burgeoning Youth Population Investing in Infrastructure and Institutions to Create an Environment for Sustainable Economic Revival International Financing for Reconstruction Projects
Alternative Industries in Iraq
13:00 – 14:00	Iraqi Minerals: Phosphates & Downstream Fertilizer Industries Tourism: Tapping-in to Iraq’s Rich Heritage of Culture as the Centre of Civilization Improving Iraqi Agribusiness in their Productivity Solving the Iraqi Healthcare Financing Gap
14:00 – 16:00	Lunch & Networking

Close of the Conference

[fancy]

Luv it. Thanks yota. Everyone have a blessed Thanksgiving, we all have something to be thankful for.

 

[yota691]

IRAQ’S ECONOMY

Iraq’s economy is heavily dependent on hydrocarbons, with 90% of government revenue derived from oil & gas. The government is actively trying to pursue a variety of policies that will help diversify the economy. Iraq has a vibrant, literate and youthful population, favourable demographics for a burgeoning economy. The country has operated under tough conditions over the past few years, however, the workforce has thrived, with employment increasing. The youthful population are active in their use of technology, with new start-ups enhancing their reputation using fintech and mobile technology.

The Iraq Banking & Investment Summit aims to tap into the wide range of new and exciting opportunities within the country. The economy is growing rapidly, 12% in 2016 and forecasted to average in the double digits for the coming years, making Iraq one of the fastest growing emerging economies in the world. This conference aims to tap into and discuss the growth story in a wide array of industries, including;

• Banking
• Financial Services
• Infrastructure
• Tourism
• Agriculture
• Fintech
• Telecommunication

Register now and meet with government officials and key players within the Iraqi economy.

[yota691]

SPEAKERS

• 

  H.E DR ALI AL ALLAQ

  Governor, Central Bank of Iraq

• 

  DR MAHDI AL-ALAQ

  Secretary General, The Council Of Ministries

• 

  AHMED AL-KINANI

  Chairman, Parliamentarian Economy & Investment Committee

• 

  DR. MUDHER KASIM

  Economic Advisor to the Prime Minister Iraq

• 

  DR SAMI AL-ARAJI

  Chairman, National Investment Commission, Iraq

• 

  ZIAD BADR

  Iraq Country Manager, International Finance Corporation

• 

  MUSTAFA AL-HITI

  Head of the Iraq Reconstruction Fund

• 

  TAHA ABDULSALAM

  Chief Executive Officer, Iraq Stock Exchange

• 

  HUSSAIN QARAGHOLI

  Senior Originator for MENA, Head of Iraq Origination, Deutsche Bank

• 

  HATEM KAWASMY

  Managing Partner, KPMG

• 

  SHWAN TAHA

  Chairman, Rabee Securities

• 

  WADEA AL-HANDAL

  Chairman, Iraqi Private Banks League

• 

  DR SALAH KHALAF

  Chairman, Securities Commission, Federal Board of Supreme Audit

• 

  SCOTT MUNDEN

  Chief Executive Officer, QiCard

• 

  ZAAB SETHNA

  Founder, Northern Gulf Partners LLC

• 

  ALI BASIM AL-SAEED

  Deputy CEO of Switch / Iraq E-Gate for Financial Services

• 

  MUSAB ALKATEEB

  Chief Executive Officer, Siemens Iraq

• 

  DR MOHAMED RADWAN

  Managing Director, Platinum Partners

• 

  AMIRA AGAG

  Corporate Governance Operations Officer, MENA, IFC

• 

  MUHANA ALMRAHLEH

  Director, Head of Information Technology Advisory, KPMG

• 

  SALEM CHALABI

  Partner, Stephenson Harwood

• 

  AHMED TABAQCHALI

  CIO, Iraq Fund, Asia Frontier Capital

• 

  BILAL RABAH AL SUGHEYER

  Operations Officer, MENA Infrastructure Team, IFC

• 

  COŞKUN AKDENIZ

  Financial Consultant & Business Development, Enprode Engineering & Construction AŞ

• 

  RAGIA AFIFI

  Environmental Specialist, IFC

• 

  LUAY AL KHATEEB

  Founding Director, Iraq Energy Institute

• 

  BEN LANDO

  Publisher & Editor-at-Large, Iraq Oil Report

[bostonangler]

Great stuff... The world is coming in with big money!!!

 

B/A

[Floridian]

"Okay now wait ! They are asking the world to invest in Iraq but, as of today, they still have worthless currency. 

 

 I just read, on another board, that "Iraq will pay during the NEXT YEAR 8.2 TRILLION DINARS debt receivables from installments and benefits". 

 

I'm thinking we must be pretty close to RV, and those trillions are going to become billions.

[cutter73]

1 hour ago, yota691 said:

WELCOME TO THE IRAQ BANKING & INVESTMENT SUMMIT

Held for the first time in Baghdad on the 2nd and 3rd December, under the patronage of the Central Bank of Iraq, this landmark event will discuss the exciting opportunities and growth prospects within Iraq. This two-day forum will discuss the enormous potential of the Iraqi economy, bringing together high level discussion between government officials, decision makers, large multinationals and investors.

This important conference, the first of its kind to be held in Baghdad, is being organised at a crucial time. Iraq has reclaimed its land and driven out Daesh from its borders. The country is ready to develop its economy and once again showcase all it has to offer. The country is well known for its extensive hydrocarbon reserves, however, with the current decline in oil price, now is the time to highlight all the potential industries within the country.

Iraq has come through a difficult few years with declining oil prices and a costly war, however, its economy has remained robust. Growth is forecasted to average over 12% in 2017 with the budget deficit expected to be eliminated over the coming few years. The government successfully offered two sovereign bonds, exceeding all expectations, both highly oversubscribed. The confidence in the international investor community highlights the continued support system" rel="">support to develop Iraq and its economy. With extensive opportunities within banking, mining, tourism, agriculture and many other sectors, now is the time to invest in Iraq. 

I've invested... Just waiting... Tick tock... Still positive but want if this roller coaster ride. Happy Thanksgiving to everyone!!! 

Come on RV...🤑

[skeetdog]

Thanks Yota...I was scrolling through the schedule and picture of speakers......I failed to see where Shabibi is scheduled to appear to announce the RV???????....lmao..... 

Edited November 22, 2017 by skeetdog
Brain fart

[Freedomwish]

16 minutes ago, skeetdog said:

Thanks Yota...I was scrolling through the schedule and picture of speakers......I failed to see where Shabibi is scheduled to appear to announce the RV???????....lmao..... 

 

Brother Skeetdog, I was just doing the same thing wondering and looking for him hahahahaha 

 

I recognize a couple of folks from KPMG, but boggled not to have seen anyone going from Ernst & Young or Deloitte & Touche? 

 

Oh well, the wild ride continues!! 

[climber7]

 

Just curious.....

 

Does anyone know if Kuwait (or any other country) has had these types of high level meetings right before they RV'd their currencies?

 

I'm thinking that there must have been SOMETHING like this going on before they RV'd but I have no time to research this extensively as my life is incredibly complicated right now and fighting health issues on top of that. 

 

If anyone can point to these types of meetings for other countries prior to their RV's it would be greatly appreciate and encouraging. 

 

Thanks and a blessed Thanksgiving to all of you here!    May God prosper us all soon in these investments. 

 

[Laid Back]

"This two-day forum will discuss the enormous potential of the Iraqi economy, bringing together high level discussion between government officials, decision makers, large multinationals and investors."

 

What about the enormous potential of the Iraqi dinar?

 

Go CBI 

Go new monetary policy 

Go RV 

[10 YEARS LATER]

When this Roller Coaster ride is finally over, I'LL NEVER ride another one ever again. It wouldn't come close to the mountain size Peaks & Valleys of the Dinar Monster Vomit 🤢 Super Express Roller Coaster I've been riding for the last 14 + years

 

Where else could fly around Disappointment Bend and the 3 Major Peaks of Agony, Misery & Heartbreak , then race down the other side down, down, down Suicide Slope into the Ravine of Despair where it all goes BLACK as you careen around horrifically gut wrenching corners thru the Pitch Black while the G-Forces threatens to tear your soul from your Mortal Being !!! . . . . And on & on & on, never stopping  !!!!!!! Damn, what a FINE RIDE, HUH !!!!!

[DinarThug]

Iraq Banking and Investment Summit
.
Held for the first time in Baghdad on the 2nd and 3rd December, under the patronage of the Central Bank of Iraq, this landmark event will discuss the exciting opportunities and growth prospects within Iraq. This two-day forum will discuss the enormous potential of the Iraqi economy, bringing together high level discussion between government officials, decision makers, large multinationals and investors.
.
This important conference, the first of its kind to be held in Baghdad, is being organised at a crucial time. Iraq has reclaimed its land and driven out Daesh from its borders. The country is ready to develop its economy and once again showcase all it has to offer. The country is well known for its extensive hydrocarbon reserves, however, with the current decline in oil price, now is the time to highlight all the potential industries within the country.
.
Iraq has come through a difficult few years with declining oil prices and a costly war, however, its economy has remained robust. Growth is forecasted to average over 12% in 2017 with the budget deficit expected to be eliminated over the coming few years. The government successfully offered two sovereign bonds, exceeding all expectations, both highly oversubscribed. The confidence in the international investor community highlights the continued support to develop Iraq and its economy. With extensive opportunities within banking, mining, tourism, agriculture and many other sectors, now is the time to invest in Iraq.
.
https://www.eventbrite.com/e/iraq-banking-and-investment-summit-tickets-39723360641

[DinarThug]

41 minutes ago, DinarThug said:

Iraq Banking and Investment Summit
.
Held for the first time in Baghdad on the 2nd and 3rd December, under the patronage of the Central Bank of Iraq, this landmark event will discuss the exciting opportunities and growth prospects within Iraq. This two-day forum will discuss the enormous potential of the Iraqi economy, bringing together high level discussion between government officials, decision makers, large multinationals and investors.
.
This important conference, the first of its kind to be held in Baghdad, is being organised at a crucial time. Iraq has reclaimed its land and driven out Daesh from its borders. The country is ready to develop its economy and once again showcase all it has to offer. The country is well known for its extensive hydrocarbon reserves, however, with the current decline in oil price, now is the time to highlight all the potential industries within the country.
.
Iraq has come through a difficult few years with declining oil prices and a costly war, however, its economy has remained robust. Growth is forecasted to average over 12% in 2017 with the budget deficit expected to be eliminated over the coming few years. The government successfully offered two sovereign bonds, exceeding all expectations, both highly oversubscribed. The confidence in the international investor community highlights the continued support system" rel="">support to develop Iraq and its economy. With extensive opportunities within banking, mining, tourism, agriculture and many other sectors, now is the time to invest in Iraq.
.
https://www.eventbrite.com/e/iraq-banking-and-investment-summit-tickets-39723360641

 

Tickets: $1,000 each
DATE AND TIME
Sat, Dec 2, 2017, 8:00 AM until
Sun, Dec 3, 2017, 5:00 PM
.
Arabian Standard Time Iraq Time
.
Frontier Exchange
.
Organizer of Iraq Banking and Investment Summit
Frontier Exchange is a leading international investor relations specialist and organiser of financial conferences, investor roadshows and match-making services. Our goal is to connect companies in the world’s fasting growing economies and industries with new and diverse investment possibilities and to introduce them to the proper international partners and potential collaborators

https://www.eventbrite.com/e/iraq-banking-and-investment-summit-tickets-39723360641#listing-organizer

[yota691]

Central Bank: Three branches of Iraqi banks will be opened in the Gulf states

 

Central Bank: Three branches of Iraqi banks will be opened in the Gulf states

Views 160   Date Added 02/12/2017

[yota691]

National Investment Authority: French delegation includes 21 companies will visit Baghdad during the next two days

 

Economy News Baghdad: The head of the National Investment Authority, Sami Araji, said that a French delegation comprising 21 companies will visit Iraq during the next two days to discuss trade relations between the two countries. "The delegation will discuss the trade relations between the two countries," Araji said in a speech at the conference on banking and investment, which was attended by the French Minister of Commerce and includes 21 companies that will visit Baghdad during the next two days. He added that "Iraq welcomes the entry of French companies to work and contribute to the reconstruction of the affected areas."     Views 101   Date Added 12/02/2017

[yota691]

Central Bank: 15 trillion dinars volume of retail operations in Iraq per month

 

Economy News Baghdad: The governor of the Central Bank, Ali Alalak, that the retail operations that get in Iraq monthly 15 trillion dinars, noting that the central bank maintained the level of inflation, which did not exceed 2%. "The central bank has developed payment systems and now has advanced infrastructure," Al-Alak said at the Financial Services and Investment Conference held at Al-Rasheed Hotel. "The retail operations, as well as the national division, are about $ 15 trillion Dinars per month. " He pointed out that "the central bank maintained inflation during the past years, which did not exceed 2% by stabilizing the dollar exchange rate in local currency."   Views 233   Date Added 02/12/2017

[yota691]

Association of Private Banks: We trained 2000 bank employees during the current year

 

Economy News Baghdad: The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, that the private banking sector has managed over the past three years to grow and overcome the financial crisis, pointing to the Association of private banks trained during the year 2000 bank employee. "The private banking sector has managed during the past three years, despite the financial and economic crisis which has suffered from Iraq, to develop and develop its financial indicators at the level of capital and assets," Al-Hantal said in his speech at the conference of "Banking and Investment Services" And monetary credit in spite of the difficulties and to follow the directions of the Central Bank in the areas of institutional development and international accounting standards and compliance with the rules and regulations of compliance and combating money laundering and financing of terrorism and build international relations with distinct regional and foreign banks Wu Establish the means and policies to achieve financial and monetary stability and the evaluation and classification of banks in accordance with international standards. He added that "the Association of Iraqi private banks working to achieve financial coverage through the project to settle salaries, which provides banking products modern means to employees in addition to the achievement of other goals within the framework of the rise in the proportion of employees in the banking sector to the proportion of population, and withdraw the mass of cash surplus and increase the proportion Saving to the percentage of home-based compactness ". He pointed out that "the Association of Private Banks has trained 2,000 employees during 2017 in specialized training courses in the areas of compliance, money laundering, risk management, banking awareness and international accounting standards, as well as grants to enable young graduates and qualify them for banking and job creation for them in private banks." He pointed out that "the Association of Private Banks worked in cooperation with the General Secretariat of the Council of Ministers and the Central Bank of Iraq and the world musician Nasir Shamma of the implementation of a program of community initiatives to implement the project Baghdad, which laid the foundation stone for him yesterday and was the development of 20 main squares in Baghdad, and the initiative to support the Iraqi Drama Fund And the establishment of the Humanitarian and Social Initiatives Fund. " He pointed out that "work is underway on the establishment of the Central Bank to establish two companies for the financing of large projects will be the participation of private banks and government in order to contribute to sustainable development." He called on the media to "convey the real optimistic picture of our economic and banking situation, and to exercise caution in the transfer of information, which often affect negatively and slow down the investment process and shake confidence in investors, especially as we are heading to a major reconstruction."     Views 21   Date Added 12/02/2017

[yota691]

Financial Advisor to the Association of Private Banks: Banks' capital grew by 98% during the current year

 

Economy News Baghdad:   "The banking sector has developed significantly over the past years," said financial advisor and banking Samir Al Nusairi, noting that bank capital grew by 98% compared to last year.   Al Nusairi said in his speech at the conference "Banking and Investment" held in Baghdad, and attended by "Economy News", "The official indicators and data issued by the Central Bank confirms the growth in the capital level by 98% compared to last year and in terms of assets by 16% Deposits at 15% and credit at 77%. "   He explained that "the credit index is one of the most important indicators that indicate the contribution of the banking sector in development, especially as Iraq is experiencing a financial crisis since mid-2014."   He pointed out that "the Iraqi banking and financial sector creates opportunities from crises and achieved a financial victory," noting that "the next five years will achieve financial sustainability and become the banking sector is the main link in the Iraqi economy."   Views 31   Date Added 02/12/2017

[DWS112]

3 hours ago, yota691 said:

He pointed out that "the central bank maintained inflation during the past years, which did not exceed 2% by stabilizing the dollar exchange rate in local currency."

 

Like this statement!