RACING: Private sector drive economic development and the government to launch its facilities

[yota691]

Work to recover 20 billion dinars from the premiums of loan amounts

7/19/2017 0:00    Since the beginning of this year  BAGHDAD / Batool al-Hassani  It revealed the Ministry of Labor and Social Affairs to recover 95 percent of the amount of loans to support small projects of premiums recovered during the first half of this year.  He said the media ministry spokesman Ammar Menem »Sabah»: The recovery of the amounts within the Small Enterprise Fund loans accounted for since the beginning of this year until the end of June , almost 95 percent , which is very high, indicating that the ratio achieved thanks to the directives of the Minister of Labor Mohammad Xiaa Sudanese need to pursue recovery of the amounts of loans granted and hard work and active workers in employment and loan department.  He noted that the total refund amount for the period above reached 20 billion dinars, explaining that the number of applicants for small projects fund loans amounted to 120 thousand since the year 2013 until 2015 , at a rate of 53 000 beneficiaries in each batch of loans from those whose names appeared in the meals from 1 21.  He added that the recovery of Menem loan amounts for the 2016 rate of 79 percent, indicating that the difference made in the recovery of those big money ratios during the two periods mentioned.  He explained that the ministry had called for more than 70 thousand advanced for the Fund 's loan to correct their data for a month and ended before the Eid al - Fitr, noting the need not to confuse the applicant to give him a loan , and among those who have registered as a researcher working and received a consultative paper does not represent any commitment by the ministry to grant the loan.

[yota691]

Activation of small and medium enterprises reduces unemployment

22/7/2017 12:00 am    Contribute to the development and diversification of the national economy  Baghdad / Emad of the emirate  Small and medium enterprises are of great importance in the national economy of developed or developing countries, especially in the light of trade liberalization and increased competition between the exports of countries and the increasing need to generate employment; and because competitive economy with a productive base requires an attractive environment for entrepreneurial work And a network of suppliers for complementary activities in the economic sectors, represented by small and medium enterprises that contribute to the development and diversification of production, requires the activation of the work of small and medium enterprises.  "The small and medium sized enterprises are fertile sectors that can support the country and the economy and save it from problems such as unemployment, poverty, depression and weak industrialization,  He pointed out that this sector should in turn provide the necessary environment through the establishment of special legislative frameworks that take into account the conditions and size of these institutions, as well as the development of policies that enhance the role of this sector and provide the necessary sources of funding, Those institutions within and outside the country.  "The perception of these institutions as individuals' work was independent of others," he said. "The belief was that they were weak and unable to meet the needs of economic and social development, but after the tests proved that these institutions could develop the national economy of many developing and developed countries, It has become fully convinced that it is one of the best solutions to strengthen, develop and diversify the national economy in many countries.  Economic researcher Rakeem Hikmat Nasser explained that the basic requirements for the development of policies for such institutions are the dissemination of realistic information about the economic potential of SMEs and the involvement of all concerned parties, because the information related to these institutions is a prerequisite for the formulation and proper formulation of policies. Public awareness, well planned and implemented, can play an important role in this regard.  Hikmat stressed the need to maintain close integration between the policies and programs of development of these institutions and the general orientation of economic policies, because the lack of integration will eventually generate a policy framework and provide the desired results to serve the sector in particular and the economy in general.  The importance of working on the stability, transparency and predictability of the institutional structure is that once the efficiency of the institutional structure is increased and activated, allowing SMEs to be more effectively represented in decision-making, this will in turn give them  greater credibility.  Hikmat called for the provision of modern services to develop the competitive and export capabilities of small and medium enterprises, such as the financing of applied research, the promotion of local commodities in the market and the study and implementation of aspects of financing the project on a competitive basis for the production and financing industries which can find a place in the local and international markets.

[yota691]

Rafidain decides to cancel a clause in the terms of granting doctors loans

Rafidain Bank   Economy News Baghdad: Rafidain Bank decided on Monday to cancel a clause in the terms of granting doctors loans, noting that 2% will be met as an administrative commission of the loan. Rafidain Bank said in a press statement that it "decided to cancel the disclosure of the credit information division on the assets and needs of the clinic or pharmacy in granting loans to the doctors in various specialties, which amounted to 75 million dinars." He added that "the bank announced the completion of 2% administrative commission for the loan." The Rafidain Bank has started in 2016 to grant loans to doctors and pharmacists and no more than 75 million dinars under certain conditions and controls.   Views 268   Date Added 24/07/2017

[yota691]

Saleh: Al Rasheed and Rafidain banks dominate 83% of the banking system's funds

Appearance of Mohammed Saleh      Economy News Baghdad: The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Tuesday, that the banker Rashid and Rafidain dominate 83% of the funds of the banking system.  Saleh said in an interview with the satellite "Iraq" and his "Economic News", "The banker Rashid and Rafidain dominate 83% of the funds of the banking system," adding that "a decision issued by the government structure of the banking rational and Rafidain." He explained that "the draft law of government banks will be launched soon and will give freedom to the work of government banks and create great competition," calling     Citizens to "deposit their money in government and private banks to improve the economy."   Views 3   Date Added 25/07/2017

[yota691]

Bank of Banks

26/7/2017 12:00 am    Thamer Hymes This is how academia accuses the central bank that it is one of the most important pillars not only for economic and financial purposes but also for its official functions.  Now the second page has started and is now in Anbar and Saladin, where the housing crisis is compounded in addition to Mosul now and the traditional crisis, which calls for 3 million housing units not treated by modern complexes. Therefore, after Rafidain opened its coffers to finance housing with loans of 50 to 75 million dinars, this dangerous trend must be supported to ensure its success and support as the deepest problem of the industry as a whole and fighting the slums as unsatisfactory sanctuaries. It must be said:   Those who are taken from Rafidain or some of them on the door of retirement or any other reason such as the four-year vacation will reduce the salary so that the activation of savings with insurance guarantees and profitable premium is a good payment factor for the construction of the old house, which gives us a sum after the reduction of expensive advances for the poor And the widows and orphans of the previous and current stages and the slum dwellers in general, after they own the lands of (100 m2). They also have no savings, but they are transferred freely. After agreeing with the companies that make the prefab houses that often do not exceed the value of the house (30 million dinars) The D.   And that these plants exist and prepare the house in a few weeks if not less and some Iraqi patents deserve unconditional support at this delicate stage as the housing issue is a national problem, political and security keep pace with sustainable development and its requirements and supplements. The revival of the mortgage bank has become obligatory to support the housing process and it can be well funded for the owners of projects that are disabled for financial reasons where the savings can be mortgaged to pay the project without going through the traditional windows, the activation of local devices and instruments, mortgages and savings funds and other parallel economic parties such as Awqaf And the rest of the funds to restructure the monetary stability and expand the lending and deposit and savings, which limits the default payment, which hinders the cycle of capital, encouraging the mortgage in general may push the owners of immovable property following policies facilitate the circulation of mortgage transactions  The move of the semi-frozen to move the blocks of cash in banks and funds and this encourages the private sector to mortgage a particular property to be built to build a project and so to move the sterile economy in general.

[Integrativedoc]

On 7/24/2017 at 6:10 AM, yota691 said:

Rafidain decides to cancel a clause in the terms of granting doctors loans

Rafidain Bank   Economy News Baghdad: Rafidain Bank decided on Monday to cancel a clause in the terms of granting doctors loans, noting that 2% will be met as an administrative commission of the loan. Rafidain Bank said in a press statement that it "decided to cancel the disclosure of the credit information division on the assets and needs of the clinic or pharmacy in granting loans to the doctors in various specialties, which amounted to 75 million dinars." He added that "the bank announced the completion of 2% administrative commission for the loan." The Rafidain Bank has started in 2016 to grant loans to doctors and pharmacists and no more than 75 million dinars under certain conditions and controls.   Views 268   Date Added 24/07/2017

Difficult to set up a medical practice or even a pharmacy for just shy of 64k USD equivalent! Believe me!

[Gypsygirl11]

19 minutes ago, yota691 said:

four-year vacation

LOL LOL LOL, OMG. I never heard of a FOUR YEAR vacation, lol

 

 

Edited July 25, 2017 by Gypsygirl11

[Gypsygirl11]

12 minutes ago, Integrativedoc said:

Difficult to set up a medical practice or even a pharmacy for just shy of 64k USD equivalent! Believe me!

Maybe the labor is cheaper over there.?

[Integrativedoc]

1 minute ago, Gypsygirl11 said:

Maybe the labor is cheaper over there.?

Start up loans covers equipment and necessities not necessarily working capital for staffing. If they need quality equipment; you can bet the suppliers would try to stick it to them just as they do us over here! Lol

[yota691]

Rasheed Bank opens a banking office at Baghdad International Airport

Economy News Baghdad:  Rasheed Khudair Wahid, Director General of Rasheed Bank, opened a banking office in the departure hall of Baghdad International Airport. Al-Rasheed Bank said in a press statement that "the general manager of Rashid Bank, Rashad Khudair, opened a banking office in the departure hall Babel at Baghdad International Airport where he will provide services to travelers, which include selling the dollar at the official price and buying at market price." He added that "the office will also receive the personal safety of passengers and a transfer from the General Authority of Customs, noting that the bank has a branch within the airport, which conducts all banking, including the opening of accounts of all kinds."   Views 245   Date Added 27/07/2017

[yota691]

 

Rasheed Bank Opens Exchange Office at Baghdad International Airport one hour ago Last updated 11:40 AM 259 Watch       BAGHDAD /  Al-Rasheed Bank announced Thursday that it has opened an exchange office at Baghdad International Airport.  "The general manager of Al Rasheed Bank Rashad Khudair Wahid opened a banking office in Babel departure hall at Baghdad International Airport," the bank's statement said in a statement received by Al-Ghad Press. He added that "the office will provide services to passengers as of 25/7/2017, which include the sale of the dollar at the official price and purchase at market price in addition to receiving the personal safety of passengers and a transfer from the General Authority of Customs."  He pointed out that "the bank has a branch within the airport is engaged in all banking, including opening accounts of all kinds."

[yota691]

Real Estate Bank: There is no extinguishing for loans and our funds are not government

 

Thursday, July 27

 

 

 

Al-Sumerian News / Baghdad The Real Estate Bank confirmed on Thursday that there is no extinguishing loans, pointing out that the bank's money is not government. "There is no extinguishing of the loans granted by the bank to citizens to build housing units even if it was by the prime minister," said the bank's director Khodair Abbas Riwan in the Nass and Nas program broadcast by Alsumaria channel. "The citizens are putting a deposit with the real estate bank for financial benefit, so the bank in turn gives them to people in the form of loans up to 50 million dinars to build their own housing units," he said, stressing that "the state is not eligible to extinguish this deposit because it originally belonged to citizens" .   The real estate bank was established under Law No. 18 of 1948 with a nominal capital of one million dinars. The stated purpose of establishing the bank during that period was to rescue and save the urban population (especially the city of Baghdad) who were forced to borrow in order to secure their debt. To spend on the daily necessities of their lives or to invest these funds in a few commercial operations, and later expand their activity to investment lending.

[dinareffic]

Rasheed Bank opens a banking office at Baghdad International Airport




Rasheed Khudair Wahid, Director General of Rasheed Bank, opened a banking office in the departure hall of Baghdad International Airport.

Al-Rasheed Bank said in a press statement that "the general manager of Rashid Bank, Rashad Khudair, opened a banking office in the departure hall Babel at Baghdad International Airport where he will provide services to travelers, which include selling the dollar at the official price and buying at market price."

He added that "the office will also receive the personal safety of passengers and a transfer from the General Authority of Customs, noting that the bank has a branch within the airport, which conducts all banking, including the opening of accounts of all kinds."



http://economy-news.net/content.php?id=8454

[Hotcurl]

Humm, do they offer Safe Deposit Boxes ?

 

Semper Fi

GO RV

[yota691]

Integrity announces the control of loan transactions granted in violation of the controls at the Rasheed Bank in Basra

 

Sunday, August 6

 

 

 

 

Alsumaria News / Baghdad announced that the Directorate of achieving the Integrity Commission in Basra on Sunday, seizing loans granted transactions Unlike the controls by Rasheed Bank governorate, pointing out that the loans granted without detecting the projects in return for cash.  The agency said in a statement received by Alsumaria News that it "carried out a process under a judicial memorandum based on information that the official of the Division of Loans at the Bank of Rasheed - Seif Branch in the province to grant loans without disclosure required on the projects for which loans were granted for receipt of funds, "The seizure of 75 transactions in the possession of the official of the Division of loans at the bank has been disbursed without disclosure."   She added that "the transfer to the residence of the official responsible for the Division in the presence of the bank manager, and seized 45 transactions of other loans have been disbursed in violation of the controls," asserting "the organization of a record of the seizure of assets included investigative papers and all seizures, to be presented to the eyes of the competent investigating judge, Pending investigation ".  It is noteworthy that the Directorate of Investigation Commission in the province of Basra announces from time to time the implementation of many of the controls in several departments that promote non-fundamental transactions in order to achieve special interests.

[yota691]

Adjustment of loan transactions granted in violation of the controls at Rasheed Bank in Basra

Readers

 

 

Adjustment of loan transactions granted in violation of the controls at Rasheed Bank in Basra

 

06-08-2017 07:57 PM

 

The Euphrates -

The Directorate of Investigation of the Integrity Commission in Basra, on Sunday, the seizure of loan transactions granted contrary to the controls in the Rasheed Bank in the province, explaining that these loans were granted without disclosure of projects for money. 
The Authority said in a statement that it had carried out a process under a judicial memorandum based on information that the loan department manager at Al-Rasheed Bank - Al-Seef Branch in the governorate granted loans without the required disclosure to the projects for which loans were granted for receiving funds. Amounts were disbursed without disclosure. She added that the transfer to the Housing Division responsible for the Division in the presence of the bank manager, and seized 45 treatment of other loans have been disbursed in violation of the controls, confirming the organization of a record of the seizure of assets including investigative papers and all seizures, to be presented to the eyes of the competent investigating judge who decided to arrest the accused in the investigation .

[yota691]

Al Nahrain Bank will soon launch the residential building initiative

08/8/2017 12:00 am    Baghdad / Haider al-Atari  The Islamic Bank of the two rivers of the Ministry of Finance revealed the near launch of micro-enterprise loans and work on the initiative to build the role of citizens who own residential land. He also said that the disbursement of 65 billion dinars for the purchase of homes and cars for citizens in installments since the beginning of this year until July, Procedures for granting loans "The next few days will see the launch of loans for the implementation of small projects, as the maximum amount of the loan to 7 million and 500 thousand dinars," the bank's director Abdul Hussein al-Mundhiri said in an exclusive statement to Al-Sabah: "The bank is doing its best to implement government initiatives aimed at supporting The private sector and its revitalization.     He added that the bank has adopted a mechanism to prevent manipulation of procedures to promote loan transactions by companies and owners of fake offices, including the preparation of a form can not be falsified because it contains a thermal seal and modern specifications and sequences with delivery to the managers of bank branches exclusively to be filled by the beneficiaries.  He explained that the bank will rely on the beneficiary project to buy materials, goods and goods to ensure the benefit of the loan and the development of work. Balancing the bank said Mundhiri to the Mall of the bank a number of other sectors during the first seven months of this year, as it has been disbursed 90 percent of the allocations approved until the beginning of August this to buy the homes of citizens and the financing of small and buying modern car projects through premiums. He disclosed that the bank is in the process of adding a supplementary budget of 25 percent to accommodate the requests of citizens wishing to buy housing and cars and the implementation of small projects (development of shops), indicating that the bank has managed during the last period to solve the problem of debt owed by citizens by finding satisfactory solutions contribute to repay To mobilize them and make use of them in granting other loans.  He pointed out that since the beginning of this year, the bank has allocated 40 billion dinars to buy cars for citizens in installments. The amount is expected to rise to 50 billion dinars by the end of this year, along with the disbursement of 15 billion dinars to finance the purchase of housing for citizens of the amount Which is set for this order of 20 billion dinars, attributed the reason for the allocation of these large amounts to buy cars to the speed of completion of purchase transactions and the short period of payment and achieve the profits on which the bank depends on the completion of its work and the payment of salaries of employees to adopt the system of self-financing. The electronic query system and Al-Manzari pointed to the bank's direct electronic mail system in cooperation with the Central Bank to ensure that borrowers or guarantors did not receive an advance or loan from any government bank in order to ensure the payment of premiums easily, stressing that this measure reduced 50% of the routine in the completion of lending transactions. A new initiative to build the residential role and noted the director of the bank to continue to buy the residential role of citizens after the submission of the title of the property to be purchased with sponsors and then visit a specialized committee comprising representatives of real estate registration and the bank to determine the price of the property, in addition to paying the beneficiary 15 percent of the value of the property as a deposit (deposit) The seller shall receive the 85% of the remaining amount within a period not exceeding 3 months, followed by the stage of placing a check mark on the property in favor of the bank until the payment of the beneficiary's installments. He explained that the amount of the purchase of the property does not exceed 150 million dinars, which will be paid within a period of 120 months, ie 10 years and interest at 8, 3 per year, with the possibility of allowing the beneficiary three months if the failure to pay for convincing reasons.

[yota691]

Rafidain Bank: Our branches have seen a large turnout on housing loans

economy

 Since 2017-08-12 at 09:56 (Baghdad time)

 

Baghdad Mawazine News

The Rafidain Bank said on Saturday that its branches in Baghdad and the provinces have achieved a qualitative boom and a wide demand by citizens to provide banking services to them.

The bank's media office said in a statement received by Mawazine News that "its branches have witnessed widespread demand, especially after the launch of advances and loans, as well as loans for housing and those wishing to buy housing units in the compound of Basmaya and construction loans on a plot of land up to 50 meters."

 The statement added that "the bank granted loans to small and medium enterprises and car loans and announced the sale of the dollar at official prices and other services provided to citizens."

[yota691]

Al-Rafidain: There is a wide demand in our branches to apply for loans and advances

Date of release: 2017/8/12 11:32 • 122 times read

[Ain-Baghdad] 
Rafidain Bank said that its branches in Baghdad and the provinces have achieved a qualitative boom and wide demand by citizens to provide banking services to them.

The bank's media office said in a statement received by the agency all of Iraq [where] a copy of it today that "its branches have seen widespread popularity, especially after the launch of advances and loans, as well as loans for housing and those who want to buy housing units in the complex and construction loans on a piece of land up to 50 meters" . 
He added that "the bank granted loans for small and medium enterprises and car loans, and announced the sale of the dollar by official pricing and other services provided to citizens."

[yota691]

12-08-2017 02:01 PM

A wide turnout by citizens to provide banking services in Rafidain Bank

 

 

 

The Rafidain Bank that its branches in Baghdad and the provinces have achieved a qualitative boom and wide demand by citizens to provide banking services to them. 

The bank's information office said that "its branches have witnessed widespread demand, especially after the launch of advances and loans, as well as loans for housing and those wishing to buy housing units in the compound of Basmaya and construction loans on a plot of land up to 50 meters." 

He added that 'the bank granted loans for small and medium-sized projects and car loans, and announced the sale of the dollar at official prices and other services provided to citizens'.

[Wiljor]

Good morning Yota, and thanks. 

DV, this is great news, demand by citizens to provide banking services to them. this means that people are beginning to have confidence in the banking system and the money is starting to flow. The re building has begun and the citizens want to get their lives back, that coupled with a strong foundation in banking, the move to prosperity continues  

Edited August 12, 2017 by Wiljor

[10 YEARS LATER]

Al-Rafidain: There is a wide demand in our branches to apply for loans and advances

 

Hardly a surprising revelation considering half the homes in Iraq have been reduced to rubble and the most of the population is destitute.

[yota691]

The Commercial Bank of Iraq announces the granting of small loans

By Rudao 2 hours ago

Logo of the Commercial Bank of the Territory

Rudaw - Erbil 

The Bank of the Commercial Region RT Bank announced the service of granting small loans, pointing out that the loan amount of up to 50 million dinars. 

"In order to build a strong and independent economy for the citizens of the Kurdistan Region, we announce the provision of banking services at the highest levels," the bank said in a statement received by the Rwandan media network. 

The statement added: "The citizens of the Kurdistan Region and young people now through our bank to request small loans to finance projects for them or to complete, which amounted to 50 million dinars." 

It is noteworthy that the Kurdistan Regional Government was granted in the past small loans for emerging projects, before the financial crisis hit the region and affect many areas in it.

Translated and edited by: Shunem Abdullah Khoshnaw

[yota691]

The Commercial Bank of Iraq announces the granting of small loans

Release date: 2017/8/13 14:56 • 2 times read

[Ayna-follow] 
Bank of the Commercial Bank RT Bank announced the service of granting micro-loans, noting that the value of the loan up to 50 million dinars.

"In order to build a strong and independent economy for the citizens of the Kurdistan region, we announce the provision of banking services at the highest levels," the bank said in a press release. 
"The citizens of the Kurdistan region and its youth now through our bank can ask for small loans to finance projects or to complete them, which amounted to 50 million dinars." 
It is noteworthy that the KRG was previously granted small loans for emerging projects, before the financial crisis hit the region and affect many areas in it.

[yota691]

The Commercial Bank of Iraq announces the granting of small loans

Economy News _ Baghdad The Bank of the Commercial Region (RT Bank) announced the service of granting small loans, noting that the value of the loan up to 50 million dinars. "In order to build a strong and independent economy for the citizens of the Kurdistan region, we announce the provision of banking services at the highest levels," the bank said in a press release.  "The citizens of the Kurdistan region and its youth now through our bank can ask for small loans to finance projects or to complete them, which amounted to 50 million dinars."  It is noteworthy that the KRG was previously granted small loans for emerging projects, before the financial crisis hit the region and affect many areas in it.

Views 12   Date Added 08/14/2017