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The International Development Bank is starting to pay the salaries of the Dhi Qar Education Directorate


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Economy News Baghdad:

 

A delegation from the Union of Arab Banks, headed by Raja Kamouni, visited the headquarters of the Association of Iraqi Private Banks in Baghdad.

 

The delegation was received by the President of the Association of Iraqi Private Banks Wadih al-Hantal and the Executive Director Ali Tariq. The two sides discussed the development of bilateral relations and the necessity of opening up Iraqi banks to Arab and foreign banks.

 

The Union of Arab Banks issued an official invitation to Al-Hanal to visit his headquarters in Beirut to discuss the Arab measures in activating the proposal to establish a bank for the reconstruction of infrastructure in Arab areas affected by terrorism.

 

The head of the Association of Private Banks, Wadih al-Hanalal, said during the meeting that "the relationship between the Union of Arab Banks and the Association of Private Banks is very strong," stressing that "a delegation from the Association will visit the headquarters of the Union soon to discuss bilateral relations."

 

 

 

Views 37   Date Added 12/14/2017

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  • yota691 changed the title to Al-Nasiri: The visit of the delegation of the Union of Arab Banks to Iraq does and strengthens the Arab banking house
 
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Economy News _ Baghdad

 

Al-Nusairi, the economic and banking advisor to the Association of Iraqi Private Banks, called on the delegation of the Union of Arab Banks, which started an important work visit to Iraq, to activate, activate and strengthen joint cooperation with the Association of Iraqi Banks.

 

He added that the main objective of the visit of the delegation to Iraq is the matter of the Iraqi banking sector is to be closely informed of the success of the Iraqi banking, led by the Central Bank of Iraq and implemented by the Iraqi banks in cooperation and coordination with the Association of banks, which embodied the preservation of the spirit of economic steadfastness and financial victory achieved Iraqis over the past three years and continue to ensure fiscal sustainability for the coming years.

Al-Nusairi said in an interview with "Economy News" that during the period from mid-2014 to the present time, Iraq suffered a severe economic and financial crisis for reasons known mainly that the Iraqi economy is rational and depends on its resources on oil in a fundamental and because of the decline in global prices by more than 70 percent In the management of the economy and promised clarity of vision and the economic approach and the absence of a sovereign fund in the years of financial savings.

 

He added that all this coincided with the terrorist conditions of Al-Daheshi, the occupation of cities and the destruction of them and the displacement of 5 million citizens from their homes and cities led to the burden of the country additional economic problems and large financial costs reflected on the increase unemployment and the proportion of population below the poverty line, which necessitated the government and its institutions and institutions and government and private banks The Central Bank of Iraq in the opposite attack to achieve economic steadfastness and achieve financial victory.

 

Nusairi stressed that the national economic war began to achieve this goal and was recorded bright points by some quarters on this road, has contributed to the Central Bank of Iraq through its monetary policies to support the economic steadfastness and achieve financial sustainability through strengthening the treasury of the state up to 21 trillion dinars and issuing bonds treasury Internal and external to enable the government to pay the costs of the war on terrorism and pay the salaries of employees and retirees and the entitlements of contractors and farmers The Association of Banks has been able to implement the strategy of the Central Bank in capacity building and development skills of human resources banking where The management of the total quality and the international accounting standards and the financial coverage and urging and follow-up private banks to contribute to development and community initiatives such as Baghdad initiatives and the empowerment and support

 

Al-Nusairi said that the policies of the Central Bank of Iraq led to an improvement in the credit rating of Iraq and transferred it to an advanced classification of the former according to the criteria of the Financial Action Organization. The report of the Governor of the Central Bank Ali Al-Alaq in the Security Council last November, The Association and the banks on their embodiment in order to meet the challenges and create opportunities.

 

He pointed out that the decisive victory achieved by our armed forces to expel terrorism from its last foothold in the country should make us benefit from the crisis stage and maintain the spirit of military and financial victory.

 

Al Nusairi concluded by wishing the delegation of the Union of Arab Banks to prepare joint programs with the Central Bank and the link for the purpose of transferring the success of the Iraqi banking crisis during the crises and transferring them to other Arab countries that suffer from similar circumstances and that the representation of Iraq and its private banking sector represented by the Association of Iraqi Private Banks The Board of Directors of the Union and the International Federation of Arab Bankers, and cooperation and joint consultation in all areas of banking.

 

 

Views 123   Date Added 09/01/2018

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  • yota691 changed the title to The Association of Iraqi Private Banks and the Union of Arab Banks are discussing the development of bilateral relations
 

The President of the Association of Iraqi Private Banks Wadih Al-Handal discussed with the Secretary-General of the Union of Arab Banks Wissam Fattouh the development of bilateral relations.
The Association of Iraqi Private Banks said in a press statement that “the President of the Association, Wadih Al-Handal, received the delegation of the Arab Banking Union under the chairmanship of the Secretary-General of the Union of Arab Banks Wissam Fattouh and discussed bilateral relations and development in the next phase in line with the challenges facing the Arab region, That “it was agreed on the joint work between the Association of Private Banks and the Union of Arab Banks to establish training courses for the banking sector inside and outside Iraq to develop human capabilities.”
The statement quoted the Secretary-General of the Union of Arab Banks, Wissam Fattouh, as saying that “it is necessary to increase joint cooperation between the Union of Arab Banks and the Central Bank and the Association of Private Banks in the field of training and awareness of employees in the banking sector of Iraq,” noting that “Iraqi banks are classified at the highest levels of ownership structure And the world should start cooperation with the Iraqi banking sector. ”
He pointed out that “the Arab Banking Union will participate in the extension of Iraq’s international regional bridges through intensified contacts with the international community.”
On the other hand, said the President of the Association of Iraqi private banks, Wadih al-Handal, that “it was agreed with the Union of Arab banks on the development of human cadres to develop the Iraqi banking sector,” noting that “during the meeting discussed the challenges facing banking in the Arab region.”

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  • yota691 changed the title to Arab Union classifies Iraqi banks as "highest levels"
  
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Information / Baghdad .. 

The Secretary-General of the Union of Arab Banks and Wissam Fattouh, on Wednesday, the performance of Iraqi banks, stressing that they are classified at the highest levels of possession of infrastructure, while stressed the need for the world to deal with them.

The Association of Iraqi Private Banks said in a statement received by Wadih al-Hantal, the head of the Association of Arab Banks, headed by the Secretary-General of the Union of Arab Banks, Wissam Fattouh, during which they discussed bilateral relations and their development in the coming stage in line with the challenges facing them. Arab region, "indicating that" it was agreed on the joint work between the Association of Private Banks and the Union of Arab Banks to establish training courses for the banking sector inside and outside Iraq to develop human capabilities. "

The statement quoted the Secretary-General of the Union of Arab Banks, Wissam Fattouh, as saying that "it is necessary to increase joint cooperation between the Union of Arab banks and the Central Bank and the Association of private banks in the field of training and awareness of employees in the banking sector of Iraq," noting that "Iraqi banks are classified as high levels of ownership Infrastructure and the world to start cooperation with the Iraqi banking sector. "

Fattouh pointed out that "the Arab Banking Union will participate in the extension of Iraq's international regional bridges through intensifying contacts with the international community."

For his part, Al-Hantal said that "it was agreed with the Union of Arab Banks on the development of human cadres to develop the Iraqi banking sector," noting that "during the meeting discussed the challenges facing banking in the Arab region." Ending / 25

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  • yota691 changed the title to Union of Arab Banks praises the use of modern methods and systems at the International Development Bank
 
Wednesday, January 10,
 
 
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Alsumaria News / Baghdad The
Secretary General of the Union of Arab Banks and Sam Hassan Fattouh, on Wednesday, using modern means and systems at the International Development Bank in the service of the Iraqi banking sector and the banking experience it enjoys. 

"The Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, met with his office, and Sam Hassan Fattouh Secretary General of the Union of Arab Banks and discussed ways to strengthen relations and banking cooperation between the two sides," the Development Bank said in a statement.

 

 


The statement added that "the Chairman of the Board of Directors of the International Development Bank praised the important role played by the Central Bank of Iraq in support of Iraqi banks to enhance financial coverage and keep abreast of all developments and the strength and safety of business compliant with global standards.

The statement pointed out that "the Secretary-General of the Union of Arab Banks expressed optimism about the use of modern methods and systems practiced by the International Development Bank in the service of the Iraqi banking sector and the banking experience that it enjoys and keeping pace with all systems and infrastructure that will raise the level of performance to remain Iraqi banking institutions to interact with The international banking institutions and continue cooperation in order to continue to implement plans and programs that will develop and stimulate the Iraqi banking sector and identify the challenges that face, "adding," and stressing the application of standards and avoid crises and continuous fulfillment of International requirements and priority partnerships with Arab banks on both bilateral and collective and push the local economy forward and overcome all challenges. "

"The Secretary-General of the Union of Arab Banks praised the role of the Chairman of the Board of Directors of the International Development Bank in the leadership of the bank and achieve great successes despite the recent establishment and reach high ranks in the banking sector of Iraq and the region in terms of providing comprehensive banking services and developed." 

On December 14, 2017, the International Development Bank was awarded the Excellence Award for Wise Management at a ceremony held in the Jordanian capital of Amman for innovation and excellence for financial institutions and entrepreneurship for 2017.

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  • yota691 changed the title to Union of Arab Banks: Arab talks to establish a bank with capital of 500 million dollars for the reconstruction of Iraq and Syria
 
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Secretary General of the Union of Arab Banks and Samam Fattouh «Economy News»

Economy News Baghdad:

 

The Secretary-General of the Union of Arab Banks, Wissam Fattouh, the Arab efforts to establish a bank to rebuild Iraq and Syria in coordination with China, stressing that the capital of the bank will be 500 million dollars.

 

Fattouh said in an exclusive interview for "Economy News" that "discussions and dialogues are continuing between the Union of Arab banks and the Chinese side with the participation of Iraqi and Lebanese and Jordanian and Egyptian related to the establishment of a bank to undertake the reconstruction of Iraq and Syria."

 

He added that the capital of the bank will be initially 500 million dollars, pointing to the need to confirm cooperation between the Union of Arab banks and the Central Bank of Iraq and the Association of Iraqi private banks in terms of awareness and training for all cadres of the Iraqi banking sector.

 

The Secretary-General of the Union of Arab Banks, expressed his admiration for Iraqi banks that enjoy the highest levels of infrastructure, stressing that this positive image enjoyed by the Iraqi banks must be transferred internationally.

 

 

 

Views 375   Date Added 01/14/2018
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  • yota691 changed the title to Albaraka Banking Group is ready to strengthen relations with Iraqi banks
 
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Economy News Baghdad:

Albaraka Banking Group announced its readiness to open broad horizons for banking cooperation between Iraq and Bahrain,

"At the invitation of the Association of Iraqi Private Banks, Al Baraka Banking Group Chairman Adnan Ahmed Yousif and the President of the Association of Banks in Bahrain visited a delegation of the Union of Arab Banks, composed of the Secretary General of the Association, Wissam Fattouh, and the Media Advisor," Al Baraka Banking Group said in a press statement. For the Union Raja Kamouni, the Iraqi capital Baghdad recently, in order to strengthen and strengthen relations between the Bahraini banks in particular and the Arab banks in general with the traditional Iraqi and Islamic banks, and open new horizons for these relations in all areas of financing and investment ".

She added that "the delegation met during the visit with the Governor of the Central Bank of Iraq, Dr. Ali Alalak in the presence of Deputy Governor Dr. Munther Abdul Qadir Al-Sheikhly and a number of officials in the bank, and also met with the delegation also the President of the Association of Iraqi private banks Wadih Hanal in the presence of Directors General of the Iraqi private banks," noting that " The delegation a number of general managers of major government banks such as Rafidain Bank and the Bank of Rasheed, heads of Islamic banks and traditional in Iraq.

The statement quoted the Chairman of the Albaraka Banking Group, Adnan Ahmed Yousif, as saying: "We were very pleased brotherly visit to Iraq brotherly and met with officials of the Central Bank of Iraq and the Association of Iraqi private banks and Iraqi banks in order to open new horizons for cooperation between the banks of Bahrain and the Arab side and banks Iraq, on the other hand, where we received all the welcome and hospitality, and this is not strange to our people in Iraq brotherly, which links the Kingdom of Bahrain brotherly ties and historical and brotherhood.

"We look forward to supporting Iraq's stability and strengthening economic, trade and investment ties with the Kingdom of Bahrain by opening channels of financing and investment banking in support of these trends. We are ready to provide all banking services to Iraqi banks to achieve this goal," he added.

On the other hand, the Secretary-General of the Union of Arab Banks, Wissam Fattouh, indicated the readiness of the Union to provide training and advice to banks and financial institutions in Iraq.

 

 

Views 252   Date Added 01/15/2018

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Arab movements to establish a bank to rebuild Iraq and Syria

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The Secretary-General of the Union of Arab Banks, Wissam Fattouh, on Sunday, the Arab movements to establish a bank to rebuild Iraq and Syria in coordination with China, indicating that the capital of the bank will be 500 million dollars . 

"There are ongoing discussions and dialogues between the Union of Arab Banks and the Chinese side with Iraqi, Lebanese, Jordanian and Egyptian participation in order to establish a bank that will rebuild Iraq and Syria, " Fattouh was quoted as saying .

He added that "the capital of the bank will be initially 500 million dollars," noting the "need to confirm cooperation between the Union of Arab banks and the Central Bank of Iraq and the Association of Iraqi private banks in terms of awareness and training for all cadres of the Iraqi banking sector.

 

And through Fattouh, his admiration for "Iraqi banks that enjoy the highest levels of infrastructure," stressing that "this positive image enjoyed by Iraqi banks must be transferred internationally."

 

http://www.ikhnews.com/index.php?page=article&id=163760

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President of the Association of Private Banks Wadih al-Hanal
  
Economy News Baghdad:

The head of the Association of Iraqi Private Banks Wadih al-Hantal sent a letter to the Secretary General of the Union of Arab Banks, Wissam Hassan Fattouh, in response to his letter in which he expressed his thanks for the warm hospitality and reception received by him and the accompanying delegation during his visit to Baghdad and his emphasis on the desire of the Union to honor the bonds of cooperation with Iraqi banks

The following is the text of the message:

Mr. Wissam Hassan Fattouh Secretary General of the Union of Arab Banks

Greetings blessing

I received with great pride your gracious letter dated 19 January which included your fraternal feelings towards the good reception and hospitality during your recent visit to Baghdad

I would like to reiterate to you our sincere desire to strengthen cooperation with your esteemed union, which is progressing every day with confident steps forward, thanks to your wise leadership. I would like to assure you that your visit to Baghdad, including the honor of visiting the headquarters of the Association of Iraqi Private Banks, has had an impact on us.

It is in our interest to document and strengthen this cooperation in the interests of Arab banking and the achievement of its lofty goals, foremost of which is to strengthen the foundations of national economies. We look forward to meetings in Baghdad and Beirut in order to improve our Arab banking sector. And then

Accept our respect and appreciation

Wadih al-Hancal

President of the Association of Iraqi Private Banks

 

Views 32   Date Added 24/01/2018

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  • yota691 changed the title to The International Development Bank is starting to pay the salaries of the Dhi Qar Education Directorate
 
Thursday, January 25,
 
 
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Alsumaria News / Baghdad
The administration of the International Development Bank for Investment and Finance, on Thursday, the direct disbursement of salaries of the Directorate of Education Dhi Qar , while the work has been ongoing for the project to settle the salaries of ministries and public sector departments in all provinces. 

The administration said in a press statement received Alsumaria News a copy of it, "The cadres of the International Development Bank for investment and finance began, today, the salaries of the Directorate General of Education in the province of Dhi Qar / Nasiriyah, through the issuance of MasterCard international staff and receipt of salaries through ATMs Distributed throughout the province, "explaining that" there was a large and distinctive presence of the members of the provincial council. "

 


The administration added that "this step comes in light of the continuation of the bank led the revolution of the transition to electronic payment, and in support of the Central Bank of Iraq in the project to settle the employees of the government sector, and implementation of the decision of the Secretariat of the Council of Ministers," noting that "the International Development Bank is a race in the process Electronic payment, and the huge and comprehensive infrastructure that enables it to diversify the provision of electronic banking services. " 

The administration explained that "the work is underway to continue the project to settle salaries, and to a large number of ministries and public sector departments in all Iraqi provinces, after the Bank last year succeeded in the process of settling a large number of public sector employees and a large number of ministries and government departments."

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Logo of the International Development Bank
  
 
Economy News Baghdad:

The bourse announced that the International Development Bank will elect a new board of directors at the end of next month.

"The meeting of the General Authority of the International Development Bank will be held on Sunday, February 25, at 10 am in the main bank building to elect a new board of directors," the exchange said in a press release.

"Trading will be suspended as of Tuesday (February 20th) and trading will commence on Monday (February 26th)."

 

 

Views 11   Date Added 28/01/2018

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Economy News _ Baghdad

The Central Bank announced on Sunday the settlement of salaries of the education of Dhi Qar through the electronic card associated with a bank account. 
The Director of the Information Office of the Central Bank, Acer Jabbar said in a statement received by "Economy News" that "in implementation of the directives of the Secretariat of the Council of Ministers under the resolutions (313) for the year 2016 and the decision (281) 2017 and after the success of the process of settling salaries of employees in a number of ministries and departments of the state, The Directorate of Education Dhi Qar (Bureau of Education) settled the salaries of its employees. " 
Jabbar added that "the process of receiving salaries of employees was through the electronic card associated with a bank account through which the staff will enjoy banking services and privileges." 
 "It is likely that the next few months will see the addition of the centers of health and electricity in the same province to the project to settle salaries."

 

Views 17   Date Added 28/01/2018

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