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Zebari attend the annual meetings of Arab financial institutions in Kuwait


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07/04/2015 11:27 GMT

  Zebari attend the annual meetings of Arab financial institutions in Kuwait

 

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 Follow-up - and babysit -participated Finance Minister Hoshyar Zebari, in the joint annual meetings of Arab financial institutions in the State of Kuwait.

 

 

According to a statement of the Ministry, on Tuesday, the agency received reports of public opinion (and babysit), a copy of the "Finance Minister Hoshyar Zebari, and the delegation of the ministry and representatives from the Central Bank, participated today in the joint annual meetings of Arab financial institutions in the State of Kuwait."

 

"The minister and representatives of the ministry in the participating Arab Association meetings to ensure the Investment and Export Credit, and the meetings of the Arab Bank for Economic Development in Africa also participated in the Arab Fund for meetings of the Economic and Social Development in the meetings of the Arab Authority for Agricultural Investment and Development."

http://www.alrayy.com/138483.htm

 

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Iraq preside over a meeting of finance projects in Arab countries
 

07/04/2015 22:36:00

 
 
543519742015_1.JPG       Finance Minister Hoshyar Zebari

 

Chaired by the Minister of Finance in the federal government, Hoshyar Zebari, on Tuesday, April 7, 2015, meeting the special account for the financing of small and medium-sized private sector projects, to alleviate unemployment and creating job opportunities for the citizens in the Arab countries, by the Fund 

Arab Economic and Social Development.

During the meeting, approve the draft agenda and the statement of financial accounts to the Special Account, as well as listen to the report of the auditors Almalen and re-elected.

It was decided at the meeting that the heads of the Sultanate of Oman fifth annual session of the Supervisory Board on the account and to be representative of the state of Palestine as vice president.

The Supervisory Board consists in the special account of the finance ministers in contributing nations, and Iraq from contributing countries have paid in two installments of financial dues.

 

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Signed a memorandum with the «Islamic Development Bank» to support the economies of the Arab countries

Arab Monetary: weaknesses in risk management threatens the banking system

 

 

 

 

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Arab Monetary Fund building in Abu Dhabi (Union)

Posted: Wednesday, April 8th, 2015

Bassam Abdasameea (Abu Dhabi) -

Bassam Abdel Samie (Abu Dhabi)

Stressed the Arab Monetary Fund, the absence or weakness of operational risks in the central bank management, threatening the Arab banking system as a result of confidence in the banking sector to these countries and lower credit worthiness loss, with international institutions to provide facilities and loans to these countries as well as the reluctance of investors to go to those areas.

Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General Chairman of the Arab Monetary Fund, the need to apply the foundations of good governance on all financial institutions and central banks, which occupies the top of the pyramid in the financial sector, pointing out that the world's economies are experiencing difficult economic challenges due to the global financial crisis and Tdaeitha that was one of the causes weak governance and financial transparency in the major international financial institutions.

 

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He explained during the opening session of the «Operational Risk Management», which began its work at the headquarters of the Arab Monetary Fund in Abu Dhabi yesterday, that central banks play an important and key role is to maintain financial and monetary stability.

 

He said in his speech, Dr. Ibrahim Alkrnoh, head of training programs on behalf of the Economic Policy Institute him, it has to be applying the highest standards of governance so that the central bank to carry out the tasks entrusted to it.

He said that the course is designed to enhance risk management in central banks, which shed light on the availability of transparency and systems of internal controls actors in the work necessary to minimize or reduce operational risks that can be faced by central banks.

He added that the operational risk management evaluation is one of the most important elements to assess the creditworthiness of central banks, and the ability of these banks to manage financial resources effectively and safely, to achieve this it is evaluated many of the important aspects of financial control, such as evaluation of the external audit mechanism with central banks to make sure the strength and independence and integrity of this task.

And participate in the session to be held during the period from April 7-9 current 31 participants from 17 Arab countries, and organized by the Economic Policy Institute of the Arab Monetary Fund.

 

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For his part, said Alkrasna for «Union», The importance of cycle «Operational Risk Management» central banks back to the fallout from the confidence in the central banks on the part of authorities and international financial institutions, whether lending or classification and lack of confidence in the banks leading to poor classification and the reluctance financial institutions from lending and the flight of investors from home and abroad.

 

He said «The absence or weakness of operational risk management in central banks, threatening the Arab banking system as a result of confidence in the banking sector for those countries losing their low credit worthiness, with international institutions to provide facilities and loans to these countries, in addition to the reluctance of investors to go to those areas».

And On the other hand signed the Arab Monetary Fund, the Islamic Development Bank yesterday, a memorandum of understanding in Kuwait City, the joint annual meetings of financial institutions margin, so as to coordinate efforts to strengthen mutual cooperation to support the economies of the Arab countries in various fields and activities, in the framework of the tasks and functions of each of them .

The Islamic Development Bank is supporting the economic development and social progress of the peoples of Member States and Muslim communities collectively and individually, in accordance with the principles of Islamic law, through the provision of various forms of development assistance to finance trade and the fight against poverty through human development and economic cooperation, and strengthen the role of Islamic finance in economic and social development .

As the Arab Monetary Fund works to lay the foundations for economic and monetary integration, and accelerate the process of economic development of Member States, through the provision of financial facilities to address issues related to the disruption of the balance of payments, and the implementation of economic, financial, monetary and structural reforms, and the development of Arab financial markets, and providing technical assistance in the areas of work and human capacity building.

Will also have the aspect of human capacity building of great importance, as the two institutions intend to organize a number of workshops and specialized training courses, in cooperation with international financial institutions concerned, in addition to that and where institutions have the programs and initiatives for the development of statistical systems and capacities in the framework program (STATCAP) with the Islamic Development Bank The initiative Arbstadt the Arab Monetary Fund, the cooperation will include coordination between their efforts to improve the statistical systems and the provision of economic and financial statistics reliable.

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  • Agency eighth day
  • April 8, 2015, 14:24
  •  
  • 21 Reading



 

((Eighth day))


Search Finance Minister Hoshyar Zebari said in Kuwait with a number of his Arab counterparts activating economic and trade relations.


 


Zebari was headed the Iraqi delegation to participate in the meeting of the sixth ordinary session of the Council of Arab finance ministers, which was held today in Kuwait in the presence of a majority of finance ministers of the Arab countries.


 


According to a statement of the ministry received ((eighth day)) that "Zebari met Anas Khalid Al-Saleh, Minister of Finance of the State of Kuwait and discussed with him bilateral relations and ways to strengthen and activate the economic and trade relations and to overcome the technical and administrative obstacles."


 


 


Search also Finance Minister also bilateral relations with the Kingdom of Jordan Financial Minister Umaimah Toukan also discussed Zebari Interpersonal with Ibrahim al-Assaf, Saudi Arabia financial secretary, and finance ministers of Morocco and the UAE, Oman and Secretary of the Egyptian international cooperation. ST |


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(Reuters) - Iraq is discussing its financial situation with the International Monetary Fund but has made no decision to request emergency assistance, Iraqi Finance Minister Hoshiyar Zebari said on Tuesday.

Asked by reporters if Iraq was in touch with the IMF, he said: "Well we are actually discussing with the IMF especially - they have some emergency assistance. We haven't decided to resort to them. At the moment, we are not that bad."

The plunge in oil prices since last year is ravaging Iraq's state finances. The government has projected a budget deficit of roughly $21 billion this year and it has been building up debts to the companies developing its oil fields.

Speaking on the sidelines of a financial conference in Kuwait, Zebari did not elaborate on what aid might be provided by the IMF. He has previously said Iraq plans to raise $1.8 billion this year by using Iraq's Special Drawing Rights at the IMF, which would be different than an emergency loan programme.

"Iraq is not bankrupt - we have plenty of assets we can use," he said on Tuesday. But he also said, "We have a serious cash flow problem," adding that Iraq's financial squeeze was "very serious". (Reporting by Hadeel Al Sayegh; Writing by Andrew Torchia)

 

April 08, 2015 - 12:00:00 am
iraqs.jpg      arrow-blue-outline-left.jpg        :eyebrows:                                                                                        Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi :eyebrows: attend a meeting of Arab Financial Institutions yesterday in Kuwait City. 

KUWAIT: Iraq is discussing its financial situation with the International Monetary Fund but has made no decision to request emergency assistance, Iraqi Finance Minister Hoshiyar Zebari said yesterday.

Asked by reporters if Iraq was in touch with the IMF, he said: “Well we are actually discussing with the IMF especially — they have some emergency assistance. We haven’t decided to resort to them. At the moment, we are not that bad.”

The plunge in oil prices since last year is ravaging Iraq’s state finances. The government has projected a budget deficit of roughly $21bn this year and it has been building up debts to the companies developing its oil fields.

Speaking on the sidelines of a financial conference in Kuwait, Zebari did not elaborate on what aid might be provided by the IMF. He has previously said Iraq plans to raise $1.8bn this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan program.

“Iraq is not bankrupt — we have plenty of assets we can use,” he said yesterday. But he also said, “We have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious”.

Reuters

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Hoshyar Zebari will meet in Kuwait Crown Prince and Prime Minister of Kuwait


 


 


2015-Apr-08-55252a745b70c.jpg


 


Hoshyar Zebari will meet in Kuwait Crown Prince and Prime Minister of Kuwait



Section:News


 

April 8, 2015 16:17


 

Readers Number:16


 



Finance Minister Hoshyar Zebari met Wednesday in Kuwait Crown Prince and Prime Minister.


According to the agency Kona Kuwait received the Deputy Emir and Crown Prince Nawaf Al-Ahmad Al-Jaber Al-Sabah afternoon Finance Minister Hoshyar Zebari and his accompanying delegation on the occasion of his visit to the country as Acting Prime Minister and Foreign Minister Sabah Khaled Al-Hamad Al-Sabah Zebari and his accompanying delegation. The Zebari headed the delegation Iraq to participate in the meeting of the sixth ordinary session of the Council of Arab finance ministers, which was held in Kuwait on Tuesday in the presence of a majority of finance ministers of the Arab countries.


 


http://burathanews.com/news/263430.html




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Zebari attend the annual meetings of Arab financial institutions in Kuwait The number of visits: 24 Published on: 07/04/2015 - 16:41 Published by: The Messenger of Delphi   Participated Finance Minister Hoshyar Zebari, on Tuesday, in the joint annual meetings of Arab financial institutions in the State of Kuwait.   According to a press statement by the Ministry said that "Finance Minister Hoshyar Zebari, and the delegation of the ministry and representatives from the Central Bank, participated today in the joint annual meetings of Arab financial institutions in the State of Kuwait."   "The minister and representatives of the ministry in the participating Arab Association meetings to ensure the Investment and Export Credit, and the meetings of the Arab Bank for Economic Development in Africa also participated in the Arab Fund for meetings of the Economic and Social Development in the meetings of the Arab Authority for Agricultural Investment and Development."   "The minister held a number of side meetings with Arab ministers and officials involved," he said, adding that "the meetings of the Arab financial institutions to continue on April 7 to 8, 2015".

 


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Thanks k98....Maliki never had the authority to boot Shabibi or appoint anyone to replace him... It was stated that in the closing days it would be very obvious of the return of the Iraqi currency.... Zabari signed an agreement with the Arabic Monetary Fund...I don't think 1166 is of any value to the AMF....

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  • Agency eighth day
  • April 8, 2015, 14:24
  •  
  • 72 Reading



 

((Eighth day))


Search Finance Minister Hoshyar Zebari said in Kuwait with a number of his Arab counterparts activating economic and trade relations.


 


Zebari was headed the Iraqi delegation to participate in the meeting of the sixth ordinary session of the Council of Arab finance ministers, which was held today in Kuwait in the presence of a majority of finance ministers of the Arab countries.


 


According to a statement of the ministry received ((eighth day)) that "Zebari met Anas Khalid Al-Saleh, Minister of Finance of the State of Kuwait and discussed with him bilateral relations and ways to strengthen and activate the economic and trade relations and to overcome the technical and administrative obstacles."


 


 


Search also Finance Minister also bilateral relations with the Kingdom of Jordan Financial Minister Umaimah Toukan also discussed Zebari Interpersonal with Ibrahim al-Assaf, Saudi Arabia financial secretary, and finance ministers of Morocco and the UAE, Oman and Secretary of the Egyptian international cooperation. ST |


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If I may add . Was'nt Shabibi in Sweden at the same time the Swedish Krone depegged from the Euro . Would that not have given him an excellent opportunity to see how a countries central bank and surrounding banks along with surrounding businesses and countries react to such a change ?

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Economic reforms and project finance soften unemployment

 

 

         

4/11/2015 0:00 

 BAGHDAD - morning 

in the framework of the keenness of the Arab Finance Ministers Council on the development of its business, Ministers approved a preparatory meeting at the level of the agents before the Council meeting, so as to enhance the opportunities for the exchange of experiences and expertise between the Arab states on the issues before the Board. 

participated Iraq in the work of the Council, which recently launched In Kuwait, represented by Finance Minister Hoshyar Zebari, who chaired the Special Account meeting for financing small and medium-sized private sector projects, to alleviate unemployment and creating job opportunities for citizens of Arab countries, by the Arab Fund for Economic and Social Development. 

During the adoption of the draft agenda and the statement of financial accounts of the meeting Special Account, as well as listening to the report of the auditors and re-elected. It was decided at the meeting to preside over the Sultanate of Oman fifth annual session of the Supervisory Board on the account and to be representative of the State of Palestine as Vice Ris.oatkon the Supervisory Board in the special account of the finance ministers in contributing nations, and Iraq from contributing countries have paid in two installments of dues Almalah.ohnaakec Council at its meeting a number of issues, including the issue of improving equity and efficiency in tax regimes in the Arab countries so as to enhance efficiency and economic justice. Emphasis was placed on the need for reforms that are consistent with the needs of economic and financial situations of countries Arabh.kma the issue of youth unemployment were discussed and increasing productive employment opportunities in the Arab countries, has also been emphasizing the importance of follow-up structural reforms to develop the work and attention to training and rehabilitation markets, thus contributing to the strengthening of economic stability and social development. He also called on the occasion of the international financial institutions, for more efforts and support for the programs and policies that support employment and youth employment in Arabh.adhafah states to discuss regional and international challenges and developments in the world oil markets.And re-Arab finance ministers, emphasizing the importance of maintaining economic stability in support of efforts to achieve the most comprehensive economic growth in the region Arabh.ogery emphasis on promoting inclusive growth opportunities and investment support and advocacy to more partnerships between international financial institutions and Arab financial institutions, especially the co-financing terms and training and human capacity building and technical assistance.

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If I may add . Was'nt Shabibi in Sweden at the same time the Swedish Krone depegged from the Euro . Would that not have given him an excellent opportunity to see how a countries central bank and surrounding banks along with surrounding businesses and countries react to such a change ?

 

This is a great comment....Anyone else have any thoughts to this

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