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A global conference to discuss banking services in Iraq


yota691
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A global conference to discuss banking services in Iraq

 

 

         


3/7/2016 0:00 

 BAGHDAD Mustafa al - Hashemi 
held on Monday , the third World Conference and Exhibition on the financial and banking services in Iraq (Iraq Finance 2016) and lasts for two days in the capital Albannaanh Beirut. 
, Said Ahmed Al Jader representative Szimksko company in Iraq organized the conference in a statement »Sabah»: The Conference financial Iraq, which is being held under the auspices of the Central Bank of Iraq, is the international event leading an opportunity open dialogue between Iraqi government officials and decision - makers with the investors in the financial services industry and local such as banks and banks operating in Iraq and international companies seeking to develop its work in the local financial markets. He explained that this conference will facilitate the opportunity for professionals and foreign investors for the development of the banking sector in Iraq by providing combining banks and international companies a platform to communicate with decision - makers and the Iraqi banks and the exchange of ideas and experiences, as well as providing the opportunity for business deals for the development of the banking business in the country, the fact that banks play a role president in the development of the Iraqi economy through the transformation of the economic challenges to investment opportunities. And transfer Agadiran executive director of global company smart card to card « the main sponsor and a leading financial conference of Iraq in 2016» , which provides electronic payment services in Iraq Baha Abdul Hadi as saying that our participation in this important event will give us the opportunity to engage in dialogue and constructive exchanges of views as well as many banks and local businesses that will contribute to and actively in the conference.
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Economy News / Beirut special ..

Kicked off the work of the Iraqi Finance Forum in Beirut in the presence of a number of officials in the Iraqi government, including Dr. Ali Keywords Iraqi Central Bank Governor and the Minister of Planning and Adviser to the Prime Minister for the Economy, Dr. appearance of Mohammed Saleh, head of the Iraqi private banks association, Mr. Wadih Nuri al-Handal as eating the Iraqi Central Bank Governor Dr. Ali Keywords about the importance of reaching opportunities to meet the challenges that Iraq is going through, as well as stability in the banking and financial sector conditions, stressing that it is linked to the structure of the economy and general trends have them identify economic activities

Keywords and pointed to the importance of the banking sector to play important role in the current face of the financial crisis experienced by the reduction of unemployment and the expansion of the purchasing capacity and gross domestic product is generally explained Keywords The most important security conditions for stability in the sector, bank and finance is to determine the structure of the economy and general trends to him as well as economic activities in general

He pointed out the need that the Iraqi economy is heading at the moment to support the private sector by creating real competition and active participation in the framework of a free economy, whom he joined after Iraq was governed by a totalitarian economy

So Iraqi Planning Minister Dr. Salman al-Jumaili said the Iraqi government is seeking to promote economic growth in low financial resources of the country and through an invitation by inviting investment companies to enter the Iraqi market and the work done and presented a political package to support the private sector and to eliminate unemployment and provide job opportunities for the citizens in the framework of transparency and the rule of law and financial disclosure and disclosure of new investment opportunities can provide new job opportunities for the unemployed

Jumaili and stressed the importance of rehabilitation of state-owned enterprises and turn them into successful projects Jumaili noted the need to establish funds to finance industrial, agricultural and tranquility, tourism and restructuring of State-owned banks projects

The head of the Investment Authority Sami al-Araji, said the amendments to the investment law in the interest of the investor, calling foreign and Arab companies to increase their investments in Iraq, it represents a significant weight in this area

He said al-Araji, the need for private banks, development banks turn out to be rather remain in commercial

For her part, Hamdiya dry Director General of the Trade Bank of Iraq that the bank is working on the completion of projects of more than $ 8 billion, including including major projects such as the establishment Airports calling on Arab banks and financial funds finance these projects as opportunities and investment in accordance with the new law of the amended investment that addresses all the problems and gives favorable opportunities for investors now more than ever

And permeated the first session of the forum discussions as well as to publicly answer some questions for the representatives of the Iraqi private sector and foreign and Arab

It is expected the forum to continue its work and Qaith today and tomorrow to complete consideration of its agenda, which is focused on the prospects for the Iraqi economy, present and future

  Views 2   Date Added 03/07/2016 - 14:14   Last updated 03/07/2016 - 13:23   No. Content 2356

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Thank You, Yota, for posting this and all the other great articles!

 

I wonder how long Allak is going to remain CBI Governor now that Maliki has resigned/retired from public offices.  With the focus on cleaning up corruption and the IMF SMPs at the CBI, I am hoping it won't be long until Allak is out of there.

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Economy News / Beirut special ....
 
Resumed in Beirut this morning business forum of banks and money in Iraq, the presence of the governor of the Iraqi Central Bank on the Keywords and Planning Minister Salman Jumaili and head of the Iraqi private banks association Wadih Handal and adviser to the Prime Minister for Economic Affairs, the appearance of Mohammed Saleh, a large number of money men and Iraqi businessmen and Arab and foreign
 
Noting in this area to drive (our people), headed by Goodwill Ambassador Naseer Shamma support of the Iraqi private banks association, noting the support of the Iraqi Central Bank to this humanitarian campaign and praised the support of the Iraqi Central Bank continued to private banks through its strategy recently launched by which means the banking activity for the years 2016-2020 and touched head of the Iraqi Association of private banks to Thadda last facing Iraq now is the reconstruction of areas affected by terrorism, noting in this regard to the international Conference to be held in the Dead Sea area the middle of next month, said head of the Iraqi private banks association during the meeting which was also attended by chairman of the economic Committee and the board of investment to invest in Jawad al necessity of activating the private banking activity workshops and continue to specialized conferences and seminars held in this area.
 
He said Handal, that Iraq is now undergoing a difficult Bdharov due to the financial crisis and the challenges of terrorism and the resulting forced Nhoethelath and a half million Iraqis to flee their homes and destroyed their towns and live in Living situation Gaeta in difficulty and hardness.
 
For his part, Secretary General of the Union of Arab Banks and Sam Fattouh, in his speech at the meeting stressed parking Union of Arab Banks, along with the Iraqi banking sector especially in the areas of banking staff training and praised Fattouh, the activity of the Iraqi banking and its role in supporting the Iraqi economy, noting Aldharov unstable faced by the banking sector in Iraq because of the problems and challenges, calling for the dimensions of the banking sector from external influences Fattouh also called for a restructuring of government and private Iraqi banks through the redistribution of tasks and increase production and Tnoaah.odaa Wissam Fattouh Iraqi banks to diversify their products and work on the financing of small and medium enterprises as the most important means to create new jobs and the fight against terrorism, also called for an easing of pressures resulting from the weakness of financial inclusion and direction to enable the private sector to perform its leading role and to adopt good governance.
 
And then thrown out research and lyrics, including consideration of the appearance of Mohammed Saleh Economic Adviser to the Prime Minister talked about borrowing and payment and borrowing from banks in Iraq
 
Other research also talked about disclosure and transparency of monetary and economic policy and the challenges it faces in Iraq.
  Views 0   Date Added 03/08/2016 - 12:37   Last updated 03/08/2016 - 12:37   No. Content 2367

The start of the Iraqi Finance Forum in Beirut and assurances to support the country's banking sector
economy

 Since 03.08.2016 at 09:51 (Baghdad time)

29.jpg

BAGHDAD - balances News

It was launched in the capital, Beirut, on Tuesday, the World Conference and Exhibition on third for the financial and banking services in Iraq (Iraq Finance 2016), under the slogan "Gateway Financial Inclusion and a pillar of sustainable development of the banking sector", organized by the Iraqi company, "Szimksko", sponsored by the Central Bank of Iraq In collaboration with the "Bank of Lebanon" (Central Bank of Lebanon), and the participation of ministries and banks, national investment Commission.

A statement from the central bank received / balances News / copy of it, that "the conference focused on the financial development of the banking and investment industry in Iraq, and is limited to the purpose of organizing this conference to develop the infrastructure of the banks and financial institutions in Iraq through the activation of cooperation between the Iraqi and the central ministries, banks and enterprises Iraqi Finance concerned on the one hand, banks and international financial institutions and international investors on the other hand. "

He added, "The sessions dealt with the Iraqi Central Bank's plans, strategies, financial reforms that government is trying to implement to attract investors, and the future of the State-owned banks, and the role of Islamic banks, and the role of the Iraqi financial markets to support the economy, the current situation of the banking sector and the participation of foreign lending companies, the environment and technological pivotal role in driving innovation and risk mitigation, as well as sources of funding for large projects and infrastructure, and the development of Iraq Stock Exchange, funding opportunities, the Iraqi private sector. "

And between, the "Governor of the Central Bank on the Keywords occur during his speech at the Forum on great opportunities to diversify the production base offered by the application of this approach," pointing out that "commodity production contribution of the total output of only 16%, which means that there is ample room for the growth of agriculture and industry , because in this context refers to the approaching Iraq to achieve self-sufficiency in wheat production, while imports millions of tons annually Keywords and said that the banking sector has an important role in supporting growth and reduce unemployment in Iraq, through various sectors finance and expand the purchasing power of citizens. "

 He explained Keywords According to the statement, that "Iraq today is facing a financial and economic challenges, so he is looking for stability in the banking and financial sector and that these items are not only with the cooperation and support of everyone through communication and participation in the success."

He noted "the importance of the banking sector to play important role in the face of the current financial crisis experienced by the reduction of unemployment and the expansion of the purchasing capacity and gross domestic product in general," pointing out that "the most important conditions for stability in the sector, bank and finance is to determine the structure of the economy and general trends to him, as well as activities economic. "

He pointed Keywords According to the statement, "the need to be heading the Iraqi economy for the time being to support the private sector by creating real competition and active participation in the framework of a free economy, whom he joined after Iraq was governed by a totalitarian economy."

For his part, President of the Association of private banks and depositary Handal during the forum "The conference was held under the slogan" the banking sector gate of financial inclusion and a pillar of sustainable development, "noting that" the conference attracted many Arab economic and financial figures, pointing out that the banks can contribute to the treatment of problems such as unemployment and poverty by financing projects of all kinds and create job opportunities for young people. "

He Handal, according to the statement "the importance of an economic informing on the degree of awareness of the challenges facing the Iraqi economy," noting that "the distortion and lack of understanding affects the economic situation of Iraq."

He said Handal said that "the conference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of the central bank and the Ministry of Finance and experts."

Handal, according to the statement urged "the need to deploy financial and banking culture in the Arab world," stressing "the importance of the media's role in spreading this culture of financial inclusion, in addition to committing various stages of education material developed for banking and financial education into the curriculum."

He noted "the need for the Arab League, through the leaders of the Arab countries to compel publication of financial inclusion explaining that Cyprus, which suffer from the financial crisis up financial inclusion rate to 60%, while the Arab countries does not exceed 8%, which requires the need to raise awareness in Arab countries".

And that "the current situation in Iraq, we are used to, and confidence increases in Iraqi banks, pointing out that the CBI put steps that will strengthen Iraqi banks, it also put serious steps through the general assessment of the Iraqi banks in cooperation with Orncion company, leading to greater confidence global in Iraqi banks. "

In a related context, said Iraqi Planning Minister Salman Jumaili the "five-year plan for the years 2013 2017, which the government spent under $ 75 billion, or 20% of total investment, before re his ministry considered, because of the collapse in oil prices and because of the cost of fighting al Daash, to deliberate on the government to reducing its investment spending, and the trend towards the private sector, for "not to rely on the public treasury," this requires the creation of "an attractive investment environment" for foreign capital, and rehabilitation of state-owned companies, and converted to private companies profitable, and the adoption of the partnership (between public and private sectors) and their subdivisions, such as the projects of term funding, any funding deficit, and the BOT projects, and programs to support small and medium enterprises. "

He pointed Jumaili according to the statement that "the Iraqi Central Bank is working on the preparation of reports similar to those in which it operates by the World Bank, to facilitate the latter to monitor the work of the central bank."

He explained that the head of the National Investment Commission, Sami al-Araji, that "the amendments made to the investment law in the interest of the investor, calling foreign and Arab companies to increase their investments in Iraq, it represents a significant weight in this area."

Araji stressed "the need to turn to private banks, development banks instead to remain commercial."

The head of the Bank of Credit Libanais, Joseph Tarabay, representatives of Lebanese banks, may occur at the opening of the conference on the prospects for the exchange of experiences between the Lebanese and Iraqi banks, as well as the possibility of the first contribution in the modernization of the banking system in Iraq, a special mention "militancy" in the application of legal compliance policy US of "anti-money laundering and terrorist financing", and expressed the hope that the banks play a key role in the reconstruction.

And it permeated the first session of the forum discussions as well as to publicly answer a few questions to representatives of theIraqi and foreign private sector, Arab , and there will be offers banking research are debated by the Iraqi and Lebanese sides.Ended 29/4 e

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The start of the Iraqi Finance Forum in Beirut to support investment and the banking sector


03/08/2016

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BAGHDAD / JD / .. launched in the capital, Beirut, on Tuesday, the World Conference and Exhibition on third for the financial and banking services in Iraq (Iraq Finance 2016), under the slogan "Gateway Financial Inclusion and a pillar of sustainable development of the banking sector", organized by the company "Szimksko" Iraq, under the auspices of the Central Bank of Iraq and cooperation with the Banque du Liban (Central Bank of Lebanon), and the participation of ministries and banks, including Rafidain Bank and the national investment Commission.
The focus of the conference, according to a statement of the Central Bank of Iraq received / JD / a copy of it, the financial banking and investment industry in Iraq's development, and is limited to the purpose of organizing this conference to develop the infrastructure of the banks and financial institutions in Iraq through the activation of cooperation between the central and the Iraqi ministries, banks and enterprises Iraqi Finance concerned on the one hand, banks and international financial institutions and international investors on the other.
Addressed the plenary of the Iraqi Central Bank's plans, strategies, financial reforms that government is trying to implement to attract investors, and the future of the State-owned banks, and the role of Islamic banks, and the role of the Iraqi financial markets to support the economy, the current situation of the banking sector and the participation of foreign lending companies, and technological environment and its central role in driving innovation and risk mitigation, as well as sources of funding for large projects and infrastructure, and the development of Iraq Stock Exchange, funding opportunities, the Iraqi private sector.
The governor of the Central Bank, on the Keywords in the conference: "There are great opportunities to diversify the production base offered by the application of this approach," pointing out that "commodity production contribution of the total output of only 16%, which means that there is ample room for the growth of agriculture and industry, any Iraq near self-sufficiency in the production of wheat, while imports millions of tons of them every year. "
Keywords and explained that "the banking sector's important role in the growth and reduce the unemployment rate in Iraq to support, through the various sectors of finance and expand the purchasing power of citizens."
He added that "Iraq today is facing a financial and economic challenges, so he is looking for stability in the banking and financial sector and that these items are not only with the cooperation and support of everyone through communication and participation in the success."
He noted the central bank governor to "the importance of the banking sector to play important role in the face of the current financial crisis experienced by the reduction of unemployment and the expansion of the purchasing capacity and gross domestic product in general," pointing out that "the most important conditions for stability in the sector, bank and finance is to determine the economy and general trends structure to him, as well as economic activities. "
He pointed to "the need for the Iraqi economy is heading at the moment to support the private sector by creating real competition and active participation in the framework of a free economy, whom he joined after Iraq was governed by a totalitarian economy."
For his part, the President of the Association of private banks, the depositary Handal, during the forum, "The conference was held under the slogan (the banking sector gate of financial inclusion and a pillar of sustainable development), attracting many of the economic and financial Arab personalities," adding that "banks can contribute to treat problems such as unemployment and poverty by financing projects of all kinds and create jobs for young people. "
Handal and pointed to "the importance of having an economic informing on the degree of awareness of the challenges facing the Iraqi economy," stressing that "distortion and lack of understanding affects the economic situation of Iraq."
Handal said, "The conference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of the central bank and the Ministry of Finance and experts."
Handal urged "the need to deploy financial and banking culture in the Arab world," stressing "the importance of the media's role in spreading this culture of financial inclusion, in addition to committing various stages of education material developed for banking and financial education into the curriculum."
He noted "the need for the Arab League, through the leaders of the Arab countries to compel publication of financial inclusion," explaining that "Cyprus suffering from a financial crisis up financial inclusion rate to 60%, while the Arab countries does not exceed 8%, which requires the need raise awareness in the Arab countries. "
And the Head of Private Bankers Association, that "the current situation in Iraq, we are used to, and confidence increases in Iraqi banks," adding that "the Central Bank of Iraq put steps that will strengthen Iraqi banks, it also put serious steps through the general assessment of the Iraqi banks in cooperation with Orncion company , leading to more global confidence in the Iraqi banks. "
In this context, the Iraqi minister of planning occur, Salman al-Jumaili, for the five-year plan for the years 2013 2017, which the government spent under $ 75 billion, or 20% of total investment, before re his ministry considered, because of the collapse in oil prices and because of the cost of fighting al Daash, to deliberate on the government to reducing its investment spending, and the trend towards the private sector, for "not to rely on the public treasury," this requires the creation of "an attractive investment environment" for foreign capital, and rehabilitation of state-owned companies, and converted to private companies profitable, and the adoption of the partnership (between the public and private sectors) and their subdivisions, such as the projects of term funding, any funding deficit, and the BOT projects, and programs to support small and medium enterprises.
He pointed Jumaili, that "the Iraqi Central Bank is working on the preparation of similar reports for those that work by the World Bank, to facilitate the latter to monitor the work of the central bank," the To this head of the National Investment Commission, Sami al-Araji, explained that "the amendments made to the investment law flowing in investor interest, "calling on Arab and foreign companies to" increase its investment in Iraq, it represents a significant weight in this area, "al-Araji, stressing" the need to turn to private banks, development banks, rather than in the remaining business. "
The head of the Bank of Credit Libanais, Joseph Tarabay, representatives of Lebanese banks, may occur at the opening of the conference on the prospects for the exchange of experiences between the Lebanese and Iraqi banks, as well as the possibility of the first contribution in the modernization of the banking system in Iraq, a special mention "militancy" in the application of legal compliance policy US of "anti-money laundering and terrorist financing."
He expressed the hope that the banks play a key role in re-Aammar.otkhallt the first session of the forum discussions, as well as to answer some questions to representatives of the Iraqi and foreign private sector, Arab, and there will be offers banking research are debated by the Iraqi and Lebanese sides. 
 

 

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Special / Economy News: Beirut ...

The governor of the Iraqi Central Bank on the Keywords importance of strengthening trust between the central bank and the private banks through the Joint Coordination and overcome the obstacles and difficulties.

Keywords and said in a speech at the evening session of the Forum of Iraqi banks and money held in Beirut now that the central bank provided suggestions to the Economic Committee of the Cabinet in this direction also issued several resolutions pertaining to the relationship with the private banks,

Stressing the need to provide private banking services to its customers a real and not a marginal services, noting that the Central Bank in the framework of support for private banks lent to each other to provide a portion of the liquidity it needs to walk its own affairs and fulfill its obligations to its customers.

He noted the need to strengthen the confidence of the private banking sector and said / if this sector does not enjoy the confidence it will remain unable to perform his duties, stressing the central bank is prepared to find a joint coordination with the private banks in order to bridge the distance between the two sides.

On the financial and economic situation in Iraq in light of the current crisis, said the central bank governor that the indications are that the Iraqi economy will Thassanakhlal coming years after passing the crisis experienced by this year.

Keywords Turning to the international support for Iraq to strengthen its financial position in the face of the current crisis caused by the decline in global oil prices ,.

 

 Confirming the presence of indicators through contacts with the IMF and the World Bank to provide support for Iraq, noting that the results of this will appear in the coming months.

separator.gif   Views 37   Date Added 03/08/2016 - 17:41   Last updated 03/08/2016 - 22:27   No. Content 2369

 

4381.jpg     separator.gif  Economy News special Beirut 

 Praised the Iraqi Central Bank Governor Ali Alaqpaljhod effective undertaken by the Association of Iraqi banks especially in organizing demonstrations and seminars economic inside and outside Iraq, noting that the association to not miss an opportunity in this area, but the invested effectively and clear presence also praised the governor in a statement to the Bulletin of the economy Uzaly the sidelines of the Forum of banks and money concluded in Beirut tonight Association's efforts in organizing this event. He said that private banks association has been working for a long time in delivering effective activities and lead numerous demonstrations and seminars economic and do not miss an opportunity in this area, describing this activity as a very important point for the banking sector, which is worth it. Keywords and he expressed the hope that the development of the association work to care for the banking sector and to represent the best representation also expressed hope in

separator.gif   Views 26   Date Added 03/08/2016 - 19:25   Last updated 03/08/2016 - 22:25   No. Content 2370

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Iraqi Finance Forum in Beirut to achieve its objectives

 

 

         

3/9/2016 0:00 

 BAGHDAD - A follow - up -hasin Tgb 

concluded in the capital Beirut on Saturday of the World Conference and Exhibition onthird for the financial and banking services in Iraq and carry the slogan «banking sector gate of financial inclusion and a pillar of sustainable development» under the auspices of the Central Bank of Iraq in cooperation with the Central Bank of Lebanon, the aim of theinfrastructure of the banks and institutions to develop Finance. Speaking Governor of theCentral Bank on the Keywords During his speech at the Forum on great opportunities to diversify Alhadhalantegeh offered by the application of this approach, pointing out that commodity production contribution of the total output amounting to 16 percent only, which means that there is ample room for the growth of agriculture and industry, pointing to the approaching Iraq to achieve self - sufficiency in the production of wheat, while imports millions of tons annually Keywords and said that the banking sector an important role in supporting growth and reduce unemployment in Iraq, through the financing ofvarious sectors and expand the purchasing power of citizens. Salman al - Jumaili, Minister of Planning said that the orientation private Nhawwalqtaa, requires the creation of «attractive investment environment» for foreign capital, and rehabilitation of state -owned companies, and converted to private companies profitable, and the adoption of the partnership (between the public and private sectors) and their subdivisions, such as with funding projects forward, any funding deficit, and programs to support small and medium enterprises. 

in between the head of Association of private banks and depositary Handal that theconference attracted many Arab economic and financial figures, pointing out that thebanks can contribute to the treatment of problems such as unemployment and poverty by financing projects of all kinds and create jobs for young people, noting that theconference called on the central bank and the competent authorities to apply financial inclusion, and the formation of a committee to develop the financial, monetary and banking system of the Central Bank and Ministry of Finance and experts. 

the representative of the Lebanese banks Joseph Tarabay may occur at the opening of the conference on the prospects for the exchange of experiences between the Lebanese and Iraqi banks, and the possibility of the first contribution in the modernization of thebanking system in Iraq, a special mention «extremism» in the application comply with US laws relating to » the fight against money laundering and terrorist financing policy», and expressed the hope that the banks play a fundamental role in the reconstruction. 

as for Tariq , executive director of the Association of Iraqi private banks have pointed to the presence of government agencies concerned in this conference the private sector and direct meeting with Arab and foreign counterparts contribute to addressing many of the problems and nearly views between all parties.

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The appearance of Mohammed Saleh to convene a workshop between the government and the central bank and private banks to discuss legal issues

 

4393.jpg     separator.gif  Private Economy News. 
 The head of the Council of Ministers for economic affairs adviser to the appearance of Mohammed Saleh held a workshop a joint action between the government and the central bank and the judiciary and private banks to reach an agreement on dealing with banks and non-customers downloaded mistakes and their wrongdoing legal.   
 
 Saleh said in a statement to the economy News on the sidelines of banking and finance forum, which was held in Beirut call and appeal to hold a seminar or workshop between these parties to put points on the characters and find areas of agreement on how to treat the judiciary with private banks in the event of a violation of what we do not want to destroy the banking system or the banking market as a result of the ambiguity and lack of understanding between the two sides in dealing judiciary on the one hand and private banks, on the other hand.                                        
 
He stressed that banks should not assume that the mistakes of the customer and irregularities because the latter is who should bear the consequences of mistake and not a bank that is a broker and nothing else.   
 
 
 He called for a legal understanding of this issue through a seminar or workshop a joint action put points on the letters noting that the separation of powers does not mean lack of interaction and cooperation between them to resolve such issues and urged the Prime Minister of the private banks adviser on the separation of administration from the private ownership of governance administration, especially after he went on it was founded more than twenty-five years, during which Amzbt experiences should be utilized.             
 
  is over
Views 7   Date Added 03/09/2016 - 10:55   Last updated 03/09/2016 - 10:30   No. Content 2379
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