Iraqi Trade Bank announces results of profits and revenues last year

[yota691]

Wissam Fattouh: The Iraqi Trade Bank is among the largest of the world's top 1,000 banks

Economy News _ Baghdad The Secretary-General of the Union of Arab Banks and Samam Fattouh, on Monday, the entry of the Iraqi Bank of Trade within the list of the largest thousand banks in the world. Fattouh said in a statement read by "Economy News" that "the Iraqi Trade Bank has entered the list of the largest thousand banks in the world, where he ranked 33 Arabs and 318 globally." He added that the Iraqi Trade Bank "is the first Iraqi bank to be listed on the list with the capital of about $ 3.1 billion and assets of about 19.7 billion dollars."

Views 56   Date Added 08/21/2017

[yota691]

Video: What are the new achievements presented by the Iraqi Bank?

 

Monday 21 August

 

 

 

Positive changes have occurred in the work of the Iraqi Bank for Trade , contributed significantly to support the private sectors and increase employment opportunities in addition to the increase in imports significantly as a result of its advanced banking policies. All these achievements were presented during the semi-annual conference of the bank, which shows what was achieved within six months.  Faisal Al-Hims, director of the Iraqi Trade Bank, said that "the bank is now studying some of the reconstruction projects in Ramadi, as well as Ansallah in Mosul ."   New products in the form of contests added by the bank during the past six months aimed at motivating citizens and educate them to deposit their money with banks, according to the bank manager.  "In terms of products, the bank has launched new products for the first time in the Iraqi banking sector, the launch of a product that will contribute to attracting savings for citizens," he said.  The bank opened two new branches in Anbar and Mosul to serve the liberated areas, which contribute to the reconstruction of these areas and the provision of humanitarian assistance.  You can view the report on the video above. won't load

[yota691]

The Iraqi Trade Bank is among the largest banks in the world   Monday 21 August           Alsumaria News / Baghdad , said Secretary General of the Union of Arab Banks and Wissam Fattouh, on Monday, to enter the Trade Bank of Iraq within the list of the largest thousand bank in the world.  Fattouh said in a statement read by Alsumaria News, "The Iraqi Trade Bank has entered the list of the largest thousand banks in the world, where he ranked 33 Arabs and 318 globally."  He added that the Iraqi Trade Bank "is the first Iraqi bank to be listed on the list with the capital of about $ 3.1 billion and assets of about 19.7 billion dollars."   The attached financial statements for the Arab banks for the end of 2016 show 87 Arab banks entering the list, compared to 85 banks in 2015. The total capital of the 87 Arab banks reached about $ 298.8 billion, while their assets amounted to about $ 2.6 trillion.

[yota691]

Shammari: The rise of the Commercial Bank of Iraq worldwide guide to professionalism and professionalism

28/08/2017

 

 

 

(Independent) .. The head of the parliamentary bloc of the National Coalition MP Kazem al-Shammari, the performance and professionalism of the Iraqi Trade Bank, which put it for the first time in the history of Iraqi banks in the list of the best thousand global banks.

Al-Shammari said in a press statement that "the rise of the Iraqi Trade Bank to this level and its entry into the classification of the best thousand international banks in a series of 318 globally and 33 Arabs make us feel the existence of a recovery gesture to work in Iraq in accordance with global frameworks."

"The Iraqi Commercial Bank is the first Iraqi bank to be listed on the list after the capital reached about $ 3.1 billion and assets about $ 19.7 billion, which makes it a cornerstone of the central bank should support strongly and benefit from the successful work method to circulate to the rest of the banks including Serves the banking and monetary policy of the country. "

"Iraq is living amid a whirlwind of economic stagnation and a difficult financial crisis and the emergence of the Iraqi Commercial Bank at this difficult stage at this level means that there is a valid basis was built within the banking business by its administration, a positive example should be commended and circulated more widely."

[yota691]

Video: Basra is witnessing the launch of semi-annual cloud of the TBI Bank

 

Wednesday, September 6

 

Video Basra is witnessing the launch of semi-annual cloud of the TBI Bank
223 views

In the province of Basra , the Bank of TBI withdrew its semi-annual sixth within the work of the certificate of deposit launched by the bank. Various amounts of money included in the withdrawals amount to 100 million dinars.  "The amount is a deposit certificate of 500 thousand dinars and any citizen can deposit this amount with the bank and is entitled to contribute to monthly, semi-annual and annual withdrawals," said Fouad Al-Wakil, Assistant Director General.   With an electronic mechanism approved by the Central Bank, the cloud will be held in the presence of members of the regulatory body and representatives of the Central Bank.  "On the occasion of Eid, we added another draw," said Teeba. "We have 9 withdrawals and the goal is to encourage citizens to deposit their money, not to leave them at home and be damaged and robbed."  The authors of the project that the participation in these clouds is open to all without conditions.

[Big_J]

1 hour ago, yota691 said:

With an electronic mechanism approved by the Central Bank, the cloud will be held in the presence of members of the regulatory body and representatives of the Central Bank. 

GM YOTA AND DV.

[yota691]

The Iraqi Bank for Trade: The service of "Jamar" includes discounts for customers with air companies, hotels and restaurants

 

The slogan of the Iraqi Trade Bank «Economy News»

Economy News Baghdad:  The Director of the Iraqi Trade Bank, Faisal Al-Hims, said on Monday that the service of Jamar launched by the bank includes discounts for customers of some airlines, hotels and restaurants.  In a press statement received by "Economy News", Al-Humais said that "the Iraqi Trade Bank is working constructively to support all that contributes to the construction of the Iraqi economy," noting that "our new branch in the Mall of Babylon opens from 10 am to 10 pm, 10 am to 3 pm ". "It has the advantage of overnight deposit that enables citizens to deposit and conduct banking operations over a 24-hour period," he said. He pointed out that "this branch is the second branch in the capital Baghdad provides Jamar service to complete banking operations without waiting for the preference of customers to give 0.5% on the interest rates for fixed deposits on the advertised prices."  Al-Humais continued, "The Jamar card in which the customer gets discounts for some airlines, hotels and restaurants in the province of Basra and get two tickets for a quarter of theatrical performances and cinemas."  He stressed that "the Iraqi Bank of Commerce owns 24 branches at the level of Iraq and provides various banking services to all customers," noting that "we seek to strengthen banking services throughout Iraq, to be an important turning point in the field of banking. He pointed out that "the strategy of the Iraqi Trade Bank is moving towards increasing the size of its customers and expand its business and activity in the market and access to the outside world."     Views 97   Date Added 09/18/2017

[DinarThug]

(by walkingstick)

Al-Humais: The Iraqi Trade Bank is a financial force with its own weight

With more than three billion dollars in capital and with 430 banks on six continents

The banking sector is one of the most important keys to revitalizing the country's economy, especially when faced with difficult financial conditions and political changes that affect the economic situation, such as Iraq, which relied on a banking system linked to the state's policy to a large extent. After April 9, 2003, there was a trend to build a new banking system. Many private and government banks were established, including the Commercial Bank of Iraq (TBI), which is highly dependent on activating the banking sector and financial exchange inside and outside the country. On the work of this bank and its management and future projects and plans for the development of banking work in the country met "range" Director General of the Bank Faisal Hmis .. This is the text of the dialogue with him:

العراق Iraq does not promote only the promotion of small and medium enterprises, what is the role of the bank in this plan and will facilitate lending to the owners of these projects? 

 The Commercial Bank always thinks about the development of loans. When we set up the new administrative structure of the bank, our business section. We have the sovereign or government finance department and the finance department with the retail and retail finance department, while we have not yet set up a SME financing section. We want to create and allocate our branches as SME finance specialists. We believe that there is an urgent need for this and our intention is to support young people in working on the development of their communities and their financial support is something we are looking forward to doing because we believe there is a need for renewed ideas from young people Ajhm today to restore the soul to the communities in the areas affected by terrorism.

ما What is the role of the bank in the modernization of the Iraqi banking sector, especially since this sector was cut off from the world and developments over five decades? .. How to modernize and create a thread of trust between the citizen and the bank?
- The banking sector three decades ago was at the top of the pyramid of leadership among the Arab banks in the Middle East, but the problems left by wars and sanctions affected the Iraqi banking sector and its leadership, as it derives its strength from the strength of natural resources in Iraq and the manpower that exists in it, Invests correctly, so the Iraqi Trade Bank has invested in this direction by giving opportunities to youth energies in all its activities, and benefiting from the existing innovations in addition to the activity that exists in the youth is an important extension, and the Commercial Bank gave other opportunities for young people outside the Iraq by looking at the work of other institutions through the network of correspondent banks and benefit from their experiences and this can help us to build new activities of the bank will be attractive to depositors and dealers and create more confidence with them, while maintaining the rigidity in financial management, The most important thing, because loss of any

تخ Failure to deal with banking and distance from mechanization where the banking system is still dependent on old mechanisms, generates slow in the implementation of banking transactions with the citizen, especially in government banks such as Rashid and Rafidain. 

- Rasheed Bank and Rafidain with all respect for their long experience linked to the economy of Iraq itself and represent the bulk of the work of the Iraqi government and their presence is necessary and we find that there is a quest to develop the reality of these banks, especially as they are linked to the program of financial reform pledged by Iraq to the International Monetary Fund, Many of these banks have to develop their reality and we find that this is not impossible, and we hope to solve some of the problems and obstacles that they have. 

المواطن Iraqi citizen lives a culture of keeping cash in his home and no community culture has to deal with the bank, how to attract what is monetized.

- The economic cycle in each country where there is a culture of compactness in homes, and this cycle is not completed only by the deposit of those sums Almkzzah in banks and the latter used in support of the local economy through the re-operation, and the compactness in Iraq at this time was due to failures affected by the citizen Iraqi, at the level of companies and individuals, which led to the fear of banks, but today we with the support of the Central Bank and the implementation of the government's direction began to activate the role of payments electronically salaries to ministries and state departments, and took upon us to introduce new products as a product worthy of which is one of the tools for Premium customer accounts and it contributes to the conversion of savings or compactness from homes to banks. 

ما What is the role of the bank in the local economy in the provinces?
 - Our main approach is to serve the Iraqi economy both at the national level and at the level of the local economy of the provinces. Finally, the Commercial Bank opened its branch in the province of Ramadi and was the first bank branch to be opened in this city after its liberation from gangs Daash. Mosul, for the first time, and we are now seeking to open it by the end of this year, as we have contributions and support to the local economies in the Iraqi provinces through the support of basic projects such as electricity, water and other services for the return of displaced persons, and the Commercial Bank will have a role in receiving support from the We have also contributed to many projects for the Ministry of Electricity and other projects. We have also made a big contribution to opening credits for companies, including the company that is working on the rehabilitation of the Mosul Dam, in which we contributed to the reconstruction.

للم The bank has a clear role in the Iraqi financial sector since its inception. Are there future projects that develop the financial process in general and banking in particular?

- The Commercial Bank was established after the change of the former regime in 2003 by a decision of the Coalition Provisional Authority, where the bank was established to enable the government departments and ministries to work to support the state's imports and provide the needs of Iraqi citizens, because of the legal problems of Rafidain Bank, specifically in the former regime, A bank that is composed of the National Bank of Kuwait, the National Bank of Australia and other important banks. Until 2010, this banking alliance did not contribute any capital to the bank, but its presence was necessary to cover the existence of a network of Ben As being a new correspondent banks. However, after 2010, the bank has had tangible transactions over four years.

On the one hand, we are associated with the elected prime minister of Iraq and our reference is the prime minister. Although the head of the commercial bank in his first administration, Hussein al-Azri, although he was accused of corruption but there were success stories, he was able to build the base of the bank and was able to start activities, The second administration, represented by Hamdiya Al Jaf, was also charged with corruption, which is still under investigation in more than one way, but it also managed to increase the bank's capital to $ 1 billion and $ 750. However, these accusations were subject to corruption, because in fact, This is a failure, because the outside world is afraid to deal with a bank that is accused of corruption, but today the investigations are found in more than one area in the judiciary and integrity. At the request of the parliamentary finance committee and also the commercial bank, it has complaints about dry management. One of the parties that complained because there

لماذا Why is opening the account limited to the dollar and the dinar and does not include the rest of the world currencies? 

- The opening of the account on the dollar and the dinar is limited by market transactions and we have no problem opening an account "in progress" in any other currency, whether in the euro or the riyal, but as we said this is determined by the need of the market and the volume of trade with the currency of any country, so the bank also needs to develop To keep pace with the coming era. We are trying to update these points legally, especially since the internal rules of the bank does not prevent our orientation to be internal or external, we have the flexibility to manage the bank's business as needed. 

يش Some citizens complain of malfunction or interruption in some of the bank's ATMs or lack of funds in them. Why are there treatments for this?

 - The bank has 95 ATMs, but in a country like Iraq, which is home to 36 million people and 18 governorates, are these ATMs sufficient, the answer is certainly not, and not something, so we try to take some notes to improve the performance of ATMs and increase to provide them in larger numbers We need the supplier, NCR, to equip us with 40 other ATMs, which is half of our current system. We know even these machines will not give us that deployment, and we We aspire to expand by 4,000 ATMs, but there are financial limits for religion Among the financial plan of the Bank can not exceed, on the other hand , when we publish our organs work and feasibility study will be the following best in providing these things. 

Ï ® Why still benefits a few amounts deposited despite the head of the high capital of the bank.?
  - The interest on deposits is controlled by the liquidity of the bank, and activation will be over the generations is one of the goals we seek, and although the process of increasing interest is a factor of attraction to the customer, but we do not want to affect the profits of the bank, because we seek to maximize our profits because it goes to the Ministry of Finance Which enables the government to implement its projects and thus is considered an alternative source or a certain revenue. 

ما What is the usefulness of the dollar dinar replacement form for travelers on the bank's website with the inability of citizens to benefit from it?

- We have heard more than once of this and checked it, but we found that there are replies and received by us to those who were chosen to replace the dinar to the dollar, but also we complain about the lack of some of the benefit of this experience, so the only explanation is the huge number of citizens who want This may be the explanation that some travelers do not have the possibility of replacing the dinar with the dollar.  

 لديكم You have offers for financial contests Some prepare them not practical What is your opinion and what is the end of it? 

 - Iraqi banks, whether Commercial Bank or other banks must compete today to attract the customer through offers for multiple products, as it brings benefit to the consumer whether the client as an individual or a company and we as a bank we want to learn the experience to avoid any inconvenience and we want to simulate the latest developments in this sector, We look at regeneration in everything.

http://almadapaper.net/ar/news.....%8A%D8%A9-

[yota691]

25/09/2017 (21:01 pm)   -   Number of readings: 348   -   number (4027)

 

 

Al-Humais: The Iraqi Trade Bank is a financial force with its own weight

 Interviewed / Zahraa al-Jassim 
 

With more than three billion dollars in capital and with 430 banks on six continents

The banking sector is one of the most important keys to revitalizing the country's economy, especially when faced with difficult financial conditions and political changes that affect the economic situation, such as Iraq, which relied on a banking system linked to the state's policy to a large extent. After April 9, 2003, there was a trend to build a new banking system. Many private and government banks were established, including the Commercial Bank of Iraq (TBI), which is highly dependent on activating the banking sector and financial exchange inside and outside the country. On the work of this bank and its management and future projects and plans for the development of banking work in the country met "range" Director General of the Bank Faisal Al-Humais .. This is the text of the dialogue with him:

العراق Iraq does not promote only the promotion of small and medium enterprises, what is the role of the bank in this plan and will facilitate lending to the owners of these projects? 
 The Commercial Bank always thinks about the development of loans. When we set up the new administrative structure of the bank, our business section. We have the sovereign or government finance department and the finance department with the retail and retail finance department, while we have not yet set up a SME financing section. We want to create and allocate our branches as SME finance specialists. We believe that there is an urgent need for this and our intention is to support young people in working on the development of their communities and their financial support is something we are looking forward to doing because we believe there is a need for renewed ideas from young people Ajhm today to restore the soul to the communities in the areas affected by terrorism.

ما What is the role of the bank in the modernization of the Iraqi banking sector, especially since this sector was cut off from the world and developments over five decades? .. How to modernize and create threads of trust between the citizen and the bank?
- The banking sector three decades ago was at the top of the pyramid of leadership among the Arab banks in the Middle East, but the problems left by wars and sanctions affected the Iraqi banking sector and its leadership, as it derives its strength from the strength of natural resources in Iraq and the manpower that exists in it, Invests correctly, so the Iraqi Trade Bank has invested in this direction by giving opportunities to youth energies in all its activities, and benefiting from the existing innovations in addition to the activity that exists in the youth is an important extension, and the Commercial Bank gave other opportunities for young people outside the Iraq by looking at the work of other institutions through the network of correspondent banks and benefit from their experiences and this can help us to build new activities of the bank will be attractive to depositors and dealers and create more confidence with them, while maintaining the rigidity in financial management, The most important thing, because loss of any

تخ Failure to deal with banking and distance from mechanization where the banking system is still dependent on old mechanisms, generates slow in the implementation of banking transactions with the citizen, especially in government banks such as Rashid and Rafidain. 
- Rasheed Bank and Rafidain with all respect for their long experience linked to the economy of Iraq itself and represent the bulk of the work of the Iraqi government and their presence is necessary and we find that there is a quest to develop the reality of these banks, especially as they are linked to the program of financial reform pledged by Iraq to the International Monetary Fund, Many of these banks have to develop their reality and we find that this is not impossible, and we hope to solve some of the problems and obstacles that they have. 

المواطن Iraqi citizen lives a culture of keeping cash in his home and no community culture has to deal with the bank, how to attract what is monetized.
- The economic cycle in each country where there is a culture of compactness in homes, and this cycle is not completed only by the deposit of those sums Almkzzah in banks and the latter used in support of the local economy through the re-operation, and the compactness in Iraq at this time was due to failures affected by the citizen Iraqi, at the level of companies and individuals, which led to the fear of banks, but today we with the support of the Central Bank and the implementation of the government's direction began to activate the role of payments electronically salaries to ministries and state departments, and took upon us to introduce new products as a product worthy of which is one of the tools for Premium customer accounts and it contributes to the conversion of savings or compactness from homes to banks. 

ما What is the role of the bank in the local economy in the provinces?
 - Our main approach is to serve the Iraqi economy both at the national level and at the level of the local economy of the provinces. Finally, the Commercial Bank opened its branch in the province of Ramadi and was the first bank branch to be opened in this city after its liberation from gangs Daash. Mosul, for the first time, and we are now seeking to open it by the end of this year, as we have contributions and support to the local economies in the Iraqi provinces through the support of basic projects such as electricity, water and other services for the return of displaced persons, and the Commercial Bank will have a role in receiving support from the We have also contributed to many projects for the Ministry of Electricity and other projects. We have also made a big contribution to opening credits for companies, including the company that is working on the rehabilitation of the Mosul Dam, in which we contributed to the reconstruction.

للم The bank has a clear role in the Iraqi financial sector since its inception. Are there future projects that develop the financial process in general and banking in particular?
- The Commercial Bank was established after the change of the former regime in 2003 by a decision of the Coalition Provisional Authority, where the bank was established to enable the government departments and ministries to work to support the state's imports and provide the needs of Iraqi citizens, because of the legal problems of Rafidain Bank, specifically in the former regime, A bank that is composed of the National Bank of Kuwait, the National Bank of Australia and other important banks. Until 2010, this banking alliance did not contribute any capital to the bank, but its presence was necessary to cover the existence of a network of Ben As being a new correspondent banks. However, after 2010, the bank has had tangible transactions over four years.
On the one hand, we are associated with the elected prime minister of Iraq and our reference is the prime minister. Although the head of the commercial bank in his first administration, Hussein al-Azri, although he was accused of corruption but there were success stories, he was able to build the base of the bank and was able to start activities, The second administration, represented by Hamdiya Al Jaf, was also charged with corruption, which is still under investigation in more than one way, but it also managed to increase the bank's capital to $ 1 billion and $ 750. However, these accusations were subject to corruption, because in fact, This is a failure, because the outside world is afraid to deal with a bank that is accused of corruption, but today the investigations are found in more than one area in the judiciary and integrity. At the request of the parliamentary finance committee and also the commercial bank, it has complaints about dry management. One of the parties that complained because there

لماذا Why is open account still limited to the dollar and the dinar and does not include the rest of the world currencies? 
- The opening of the account on the dollar and the dinar is limited by market transactions and we have no problem opening an account "in progress" in any other currency, whether in the euro or the riyal, but as we said this is determined by the need of the market and the volume of trade with the currency of any country, so the bank also needs to develop To keep pace with the coming era. We are trying to update these points legally, especially since the internal rules of the bank does not prevent our orientation to be internal or external, we have the flexibility to manage the bank's business as needed. 

يش Some citizens complain of malfunction or interruption in some of the bank's ATMs or lack of funds in them. Why are there treatments for this?
 - The bank has 95 ATMs, but in a country like Iraq, which is home to 36 million people and 18 governorates, are these ATMs sufficient, the answer is certainly not, and not something, so we try to take some notes to improve the performance of ATMs and increase to provide them in larger numbers We need the supplier, NCR, to equip us with 40 other ATMs, which is half of our current system. We know even these machines will not give us that deployment, and we We aspire to expand by 4,000 ATMs, but there are financial limits for religion Among the financial plan of the Bank can not exceed, on the other hand , when we publish our organs work and feasibility study will be the following best in providing these things. 

Ï ® Why still benefits a few amounts deposited despite the head of the high capital of the bank.?
  - The interest on deposits is controlled by the liquidity of the bank, and activation will be over the generations is one of the goals we seek, and that the process of increasing interest is a factor of attraction for the customer, but we do not want to affect the profits of the bank, because we seek to maximize our profits because it goes to the Ministry of Finance Which enables the government to implement its projects and thus is considered an alternative source or a certain revenue. 
ما What is the usefulness of the dollar dinar replacement form for travelers on the bank's website with the inability of citizens to benefit from it?
- We have heard more than once of this and checked it, but we found that there are replies and received by us to those who were chosen to replace the dinar to the dollar, but also we complain about the lack of some of the benefit of this experience, so the only explanation is the huge number of citizens who want This may be the explanation that some travelers do not have the possibility of replacing the dinar with the dollar.  

 لديكم You have offers for financial contests Some prepare them not practical What is your opinion and what is the end of it? 
 - Iraqi banks, whether Commercial Bank or other banks must compete today to attract the customer through offers for multiple products, as it brings benefit to the consumer, whether the client as an individual or a company and we as a bank we want to learn the experience to avoid any inconvenience and we want to simulate the latest developments in this sector, We look at regeneration in everything.

[yota691]

Trade: Adoption of electronic clearing for payment of fees

05/10/2017 12:00 am  BAGHDAD / Al-Sabah:   The Ministry of Commerce announced that the registration office of companies will work with electronic clearing system to pay the fees.  This was confirmed by the Director General of Corporate Registration Department Abdul Aziz Jabbar Abdul Aziz, stating in a statement that "his department seeks to adopt electronic clearing in payment of fees, as the central bank has been approached, and the next period will be the adoption of electronic clearing in the payment of fees, The Visa card was approved to pay the fees and the bank of Rasheed, Rafidain and TBI Bank approached this matter. "  He added that his department is working on documenting the procedures that take place in the companies from the establishment until the classification and write-off, which passes through 38 procedures, whether registration for foreign or local companies, and facilitating the procedures in line with the government's approach to opening up investment. With all the required documents of those wishing to register their companies in Arabic and English. " As for the laws in which the department operates, Abdul Aziz pointed out that "there are a number of laws and obstacles that stand in the way of the work of the Registrar of Companies and are not in line with the technological development taking place in the work of the Department, especially with the current government orientation towards the free economy." "The law of commercial agencies allowed the distribution system in Iraq, which allowed the distributor and the commercial agent to work in Iraq, especially that there is an important text serving the national economy, namely not to allow non-Iraqi to be a distributor or agent and this serves the national interest and development of Iraqi companies to become Agencies for p The foreign Mieh opens her door to develop the commercial and technical capabilities and the development of special Mlakatha capabilities ", especially that directed the government to simplify procedures that enhance the speed of the recording companies."

[nannab]

Thanks Yota your a busy busy fella tonight on our behalf. 

Have a great night everyone.

[DinarThug]

Trade: Adoption of electronic clearing for payment of fees
05/10/2017 

 

BAGHDAD / Al-Sabah:
The Ministry of Commerce announced that the registration office of companies will work with electronic clearing system to pay the fees.

This was confirmed by the Director General of Corporate Registration Department Abdul Aziz Jabbar Abdul Aziz, stating in a statement that "his department seeks to adopt electronic clearing in payment of fees, as the central bank has been approached, and the next period will be the adoption of electronic clearing in the payment of fees, The Visa card was approved to pay the fees and the bank of Rasheed, Rafidain and TBI Bank approached this matter. "

He added that his department is working on documenting the procedures that take place in the companies from the establishment until the classification and write-off, which passes through 38 procedures, whether registration for foreign or local companies, and facilitating the procedures in line with the government's approach to opening up investment. With all the required documents of those wishing to register their companies in Arabic and English. "

As for the laws in which the department operates, Abdul Aziz pointed out that "there are a number of laws and obstacles that stand in the way of the work of the Registrar of Companies and are not in line with the technological development taking place in the work of the Department, especially with the current government orientation towards the free economy." "The law of commercial agencies allowed the distribution system in Iraq, which allowed the distributor and the commercial agent to work in Iraq, especially that there is an important text serving the national economy, namely not to allow non-Iraqi to be a distributor or agent and this serves the national interest and development of Iraqi companies to become Agencies for p The foreign Mieh opens her door to develop the commercial and technical capabilities and the development of special Mlakatha capabilities ", especially that directed the government to simplify procedures that enhance the speed of the recording companies."

LINK

[DinarThug]

http://aletejahtv.org/permalin.....85015.html

The Ministry of Commerce adopts an electronic clearing system to pay fees

 5th October, 2017
The Ministry of Commerce announced that the company registration department will work on the electronic clearing system to pay the fees.

Director General of the registration of companies Abdul Aziz Jabbar Abdul Aziz said in a statement received "Trend Press" a copy of it on Thursday, "The Chamber seeks to adopt electronic clearing in the payment of fees, has been approached by the Central Bank, and the next period will be approved electronic clearing in The payment of fees, in addition to work for the purpose of the adoption of the Visa card card to pay fees and approached the bank of Rashid and Rafidain and TBI Bank in this regard.

The statement added that "the department works to document the procedures that take place in the companies from the establishment until the classification and write-off, which passes through 38 processes of registration, whether registration of foreign or local companies and to facilitate the procedures in line with the government's approach to opening up investment. Electronic document with all required documents from those wishing to register their companies and in both Arabic and English. "

As for the laws in which the department operates, Abdul Aziz pointed out that "there are a number of laws and obstacles that stand in the way of the work of the Registrar of Companies and are not in line with the technological development taking place in the work of the Department, especially with the current government orientation towards the free economy." "The law of commercial agencies allowed the distribution system in Iraq, which allowed the distributor and the commercial agent to work in Iraq, especially that there is an important text serving the national economy, namely not to allow non-Iraqi to be a distributor or agent and this serves the national interest and development of Iraqi companies to become Agencies for p The foreign Mieh opens her door to develop the commercial and technical capabilities and the development of special Mlakatha capabilities ", especially that directed the government to simplify procedures that enhance the speed of the recording companies."

[yota691]

The Iraqi Trade Bank opens a new branch in Abu Dhabi next Sunday

 

Economy News Baghdad: A bank source revealed Thursday the opening of the branch of the Bank of Iraq for the beginning of next week in the city of Abu Dhabi, UAE. The source, who preferred not to disclose his name to "Economy News", said that "the Iraqi Bank of Commerce will open a new branch in the city of Abu Dhabi, UAE on Sunday." He added that "the Governor of the Central Bank Ali Alaq and the Undersecretary of Finance and Minister of Finance Tayyip Sami and the President of the Association of Iraqi private banks Wadih al-Hanal and a number of Iraqi and UAE personalities will participate in the opening ceremony."     Views 70   Date Added 11/23/2017

[Wiljor]

Can you say ...........INTERNATIONAL???????

 

Thanks Yota and good morning DV 

[yota691]

The Iraqi Commercial Bank will open an office in Abu Dhabi next Sunday

By

 rami

 -

November 24, 2017

7

0

 

 

 

A representative office of the Iraqi Bank for Trade and Development will open at the beginning of next week in Abu Dhabi, UAE, a bank source said Thursday.
The source, who declined to be named, said that “the Iraqi Bank for Trade will open a representative office in the city of Abu Dhabi, UAE on Sunday.”
He added that “the Governor of the Central Bank Ali Alaq and the Undersecretary of Finance and Minister of Finance Tayyip Sami and the President of the Association of Iraqi private banks Wadih al-Hanal and a number of Iraqi and UAE personalities will participate in the opening ceremony.”

[blueskyline]

Thank You Yota . GM DV’s

[nor]

its like a gitf for this news  .We cant wait 

Edited November 25, 2017 by nor

[newbieDA]

On 11/23/2017 at 9:23 AM, Wiljor said:

Can you say ...........INTERNATIONAL???????

 

Thanks Yota and good morning DV 

 

I was hoping for more input on this, but ya I agree, it is a step in the right direction, a very good one too, but no, it is not International yet. We need the IQD traded Internationally and freely.

[yota691]

BIB opens a representative office in Abu Dhabi

 

Economy News Baghdad: The Iraqi Trade Bank (EBB) opened yesterday a representative office in Abu Dhabi to become the first Iraqi commercial bank to be launched in the UAE and the first international branch of the bank outside the Republic of Iraq. The Bank's representative office is located at the Abu Dhabi International Market on Al-Mariya Island, strategically located in the heart of Abu Dhabi's financial center. This excellent location will contribute to establishing the Bank of Iraq as a leading and reliable institution among international banking institutions and will help the bank reach the network of international banks and banks around the world, according to the Emirates News Agency. Through its new representative office in Abu Dhabi, the Iraqi Trade Bank will be able to enhance investment opportunities within Iraq and to build and establish working relationships and cooperation with the most important banking and financial institutions in the UAE. The opening ceremony of the new representative office was attended by Dr. Ali Al Alaq, Governor of the Central Bank of Iraq, Ahmed Al Sayegh, President of Abu Dhabi Global Market, Faisal Al-Hims, General Manager and Chairman of the Board of Directors of the Iraqi Bank for Trade and Dr. Raad Mohammad Rashad Alousi, Along with a number of senior bank officials. The opening of the first representative office of the Iraqi Trade Bank in the UAE is an exceptional event in the history of the Bank and is important for the financial sector in Iraq and the Republic of Iraq in general. This important step marked the entry of the first Iraqi commercial bank to the UAE, A leading global financial center. For his part, Faisal Al-Hims said that the Iraqi Trade Bank, since its establishment in 2003 and until today, has been able to achieve much for the State of Iraq and its people and to enhance the satisfaction of customers and partners. The opening of the representative office in Abu Dhabi reaffirms the leadership and success of the Bank . The Iraqi Trade Bank was established in July 2003 to help rebuild Iraq through international trade facilitation after the end of the UN oil-for-food program. Since then, the Bank has established a working relationship and joint cooperation with 134 leading global banks in 63 cities in 39 countries around the world. The total assets of the Iraqi Trade Bank by the end of 2016 amounted to 19.7 billion dollars, while the net profit amounted to 453.9 million dollars. The bank has 25 branches distributed throughout Iraq.         Views 63   Date Added 11/27/2017

[yota691]

The Iraqi Economic Council celebrates the official delegation visiting the UAE

 

 From 2017-11-28 at 14:37 (Baghdad time)

Baghdad - Mawazine News

The Iraqi Economic Council held a brief seminar in the city of Dubai at the InterContinental Hotel, in celebration of the official Iraqi delegation visiting the UAE to communicate between economists and the private sector in the two brotherly countries.

"The president of the Iraqi Economic Council, accompanied by two members of the Board of Directors of the Iraqi Economic Council, Karim al-Yasiri and Rafa al-Rawi, received a number of a large number of UAE companies and businessmen in addition to a number of cadres of the Economic Council," the Economic Council said in a statement received by Mawazin News.

The symposium included the presence of the Governor of the Central Bank of Iraq Ali Alaq and the Iraqi Consul in Dubai Hussein Al-Azzawi, Advisor to the Governor of the Central Bank of Iraq, Qassem Saleh, Director General of the Iraqi Bank of Commerce Faisal Al-Hims, Director of the Department of Registration of Companies in the Ministry of Commerce Abdulaziz Jabbar and Chairman of Al Fahim Group Abdullah Fahim and Al Fahim Abdullah Group Al Fahim and Mohammed Al Fahim, Assistant General Manager of the Iraqi Trade Bank and Firas Al Hamdani, in addition to Fadhel Jassim from the Central Bank and Executive Director of Broxen UAE Shatha Al Zubaidi and Abdul Hakim Bin Harz, Yousef Al Shamsi, Director of Sharjah Islamic Bank Branch Abdullah Hikal, Lawyer Mohammed Abdul Karim, Chairman of the Iraqi Business Council in Abu Dhabi Zia Al-Shukriji, Secretary General of the Iraqi Labor Council in Abu Dhabi Mohammed Al-Assam Vice Chairman of the Iraqi Business Council in Abu Dhabi Uday Al-Mumin and Ghada Al-Nasser - business men

"This visit is a good opportunity to hold this simple meeting to meet with a number of large companies, banks and businessmen from the brotherly countries of Iraq and the sisterly Arab Emirates with a successful experience in the field of business and investment, which marks the 47th anniversary of the National Day."

Al-Baghdadi recalled the great victories achieved by Iraq in combating terrorism and liberating all its lands from its black clutches. This victory was achieved thanks to the wisdom and courage of our wise leadership, especially Prime Minister Haider al-Abadi, the commander-in-chief of the heroic armed forces and his brothers in the leadership and the courage and bravery of our brothers and sons. The brave armed forces in all its ranks, who liberated their homeland with their pure blood, and this is the price of freedom for dignity throughout history. "

For his part, welcomed the Governor of the Central Bank of Iraq Ali al-Aal speech welcomed the audience and expressed his thanks to the Iraqi Economic Council for this invitation, which coincided with the joy of victory over the force that was ravaging Iraq and the region and the world, and a tribute to "the role of all who contributed to the payment of evil while trying In which Iraq to get out of this difficult stage at the time the side was exposed. "

[SnowGlobe7]

This is good..not just talking about it but the BANK OPENING...ok so we are all gonna book a plane and fly to Abu Dhabi and cash in!!!! It is safe there!!! 

 

Guys I can not stress this enough...READ these articles Yota posts...they will teach you so much and really keep you in the know!!!!!

Edited November 28, 2017 by SnowGlobe7

[10 YEARS LATER]

BIG MONEY MAKES THE WORLD GO AROUND ! 

[Freedomwish]

That's a nice, delicious looking cake they're slicing up and celebrating with..........our turn SOON?!!!!! 

[SnowGlobe7]

Who said cake????