International BankingIncreases

[BradyBear]

Cihan Bank, a leading private sector Islamic bank from Iraq, is planning to set up a representative office in the UAE and has plans to enter into tie-up with leading UAE banks, according to reports from Gulf News.

“Currently, we have an office in Dubai,” Gulf News quoted Nawzad Yahya Bajger, vice chairman of Cihan. “We are seeking to establish a representative office in the UAE in 2014.”

Cihan Bank is headquartered in Erbil has a paid-up capital of 250 billion Iraqi dinar (Dh800 million) and is owned by 100 private investors. Cihan officials see opportunities for tie-ups with UAE-based banks, which they hope will help channel investments to Iraq.

“After prolonged period of war and unrest, Iraq is now open for business with huge opportunities in infrastructure, healthcare, oil & gas, power and education sectors to name a few,” said Fayeq M. Al Obaidi, banking development consultant at Cihan Bank. “We have the local knowledge and expertise and are looking for banks and investors to join us in investing in new opportunities.”

 

[emerging1]

This coupled with the abnormalities of the CBI website, especially the Arabic side, seems to indicate that there is a change coming.  When is the question.  How long can they charge tariffs and sell bonds without publishing the rate?

[NOMOBULL]

Really?! Bank of America just opened a new branch in my neighborhood. Certainly it's a sign that the RV must be coming soon!!

[emerging1]

You don't charge tariffs, sell bonds, mint gold coins and have the Bank of international settlement want to use your currency on their books if you are going to maintain a "program" rate.

[MyLadiesDaddy]

Really?! Bank of America just opened a new branch in my neighborhood. Certainly it's a sign that the RV must be coming soon!!

It's a sign alright, a sign you probably have too many illegal aliens living in your

neighborhood.

[Rayzur]

Which leads me to ask something I've always wanted to know:

 

Which aliens are legal? Only those from the Milky Way System, or are other galaxies included as well?

[FlintNPebbles]

Which leads me to ask something I've always wanted to know:

 

Which aliens are legal? Only those from the Milky Way System, or are other galaxies included as well?

My mom was a Legal Alien    She was/is a Canadian citizen and when she was married to my dad she had a card that said Legal Alien on it   I used to find it very funny....she did not...guess I got my sense of humor from my dad!!

[Thaiexpat]

My mom was a Legal Alien    She was/is a Canadian citizen and when she was married to my dad she had a card that said Legal Alien on it   I used to find it very funny....she did not...guess I got my sense of humor from my dad!!

Is she Lutheran? Maybe from Quebec? hahahaahaha