Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

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


Recommended Posts

  • Replies 983
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

"Raising zeros remove the monetary mass"   Raising: lift or move to a higher position or level.   Deleting: remove or obliterate   Notice the use the word raising not del

U2 need to get a room.

97,500 dinars for 1134 retirees..thats 85.98 dinars per retirees each month for the period of 40 months being paid...sounds about right at a rv rate of 4.851 dollars per dinar. At this rv rate, retire

Posted Images

2 hours ago, Botzwana said:

I would much rather have mucho enthusiasm than negativity of one´s saying Such a mess! This is never going to happen! etc.

I agree, and there is none more positive than me  also I do believe that the Iraqi currency will be revalued one day and things are moving in the right direction, but  still we must wait for all the jigsaw pieces to fall into place.

Link to post
Share on other sites
On 9/19/2018 at 6:46 AM, Butifldrm said:

Al-Hanal: The time is right to launch the JD trillion initiative

 

7468.jpg

 

President of the Association of Iraqi Private Banks Wadih al-Hanalal «Economy News»

  

 Banks

Economy News Baghdad

The President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that the time is appropriate to activate the initiative of the Central Bank of "trillion dinars" for the support system" rel="">support of small and medium enterprises .

Al-Hantal said in his speech during the workshop "one-trillion-dollar initiative to support system" rel="">support small and medium enterprises" held in the city of Erbil and attended by "economy News", the reason for non-activation of the initiative at the time of launch due to the existence of a window selling the currency, which banks were making profits from it, "When the interest rate was set at 4% to lend to the market there was another source of profit, the window of the currency, but the recent profits ended is left to banks only lending ."

He pointed out that "banks lend from their deposits at a greater interest or Murabaha greater than 4% so when it comes to the initiative of the Central Bank, which is determined by 4% do not use it, because it has funds and can lend .

The head of the Association of Iraqi Private Banks, suggested reconsidering the interest rate and leaving the market is to determine the interest rate and the recent competition will be between banks .

Al-Hanalal thanked the Kurdistan Bank for sponsoring the initiative of the trillion dollar initiative and stressed the encouragement of the Association of Iraqi Private Banks for such activities in the coming stages .

Views 2833   Date Added 19/09/2018

Add rating  

  Similar News

http://economy-news.net/content.php?id=13724

 

   

Central Bank to revive SME initiative

   


26/9/2018 12:00 am 

Revitalizing the labor market and activating the economic cycle

Baghdad / Shukran al-Fatlawi 

The Governor of the Central Bank of Iraq d. On the need to activate the initiative of the Central Bank of Iraq to finance small and medium enterprises, which aims to stimulate the labor market and activate the economic cycle in the country. 
The banking adviser of the Association of Iraqi Private Banks Samir Nusairi said: "The Governor of the Central Bank addressed during the regular meeting with banks the need to activate the initiative to finance small and medium projects aimed at revitalizing the economic cycle of the country, as well as the contribution of the Iraqi banking sector, both government and private development. Trillion dinars The Central Bank of Iraq had been granted 6 trillions dinars as a payment to help the government in its financial crisis and the development of the economy, including 5 trillion sector loans include housing loans, agricultural and industrial and also a trillion dinars for medium and small projects and is earmarked for private banks.

He added that "the central bank discussed yesterday the ways to activate the financing of small and medium-sized projects in light of the experience of banks in lending and reconsider the rates of interest approved and stimulate them to increase the number of loans granted to these projects." 
He pointed out that "banks call for giving flexibility in the identification of sectors and projects and reconsider some of the conditions and instructions governing the mechanisms of lending." The local market , said a member of the Iraqi National Business Council Haitham Bolani, "Tracer of the reality of the local market indicates the operation of a number of small and medium-sized productive projects in some economic joints."


He pointed out that "the revival of national production starts from the small and medium enterprises that have already begun in Iraq during the last period, albeit in relative terms, because the entrepreneurs relied on financing their own projects, and in solving the small and medium loans, it is different and becomes a significant expansion in the process  
Productivity". Production process , adding that " the local labor market in dire need of small and medium loans that are reviving the productive process of the country 's key," pointing out that "thousands of plant and projects stalled due to lack of funding helps to rotate the output wheel."

He stressed that "banks are required to work to contribute effectively in achieving a high flow in making loans are moving towards real projects, achieving economic feasibility of the national economy and the family economy alike," and these projects contribute to contain unemployment and stimulate the local market, through the provision of employment opportunities Directly within projects and others indirectly in the sectors that support them and supply markets. "  Dairy products Bolani stressed that" the detailed import of dairy products requires allocations exceeded one billion and 300 million dollars, at a time we can provide this amount to the state treasury, when the establishment of medium and small projects to produce Dairy Breached the country. "

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=163721

 

So they it appears the CBI is not going to allow the private banks to raise interest rate for the finance of small and medium enterprises, since they have lost the ability to make money from currency exchange;

 

  • Upvote 1
Link to post
Share on other sites
On 9/19/2018 at 6:46 AM, Butifldrm said:

Al-Hanal: The time is right to launch the JD trillion initiative

 

7468.jpg

 

President of the Association of Iraqi Private Banks Wadih al-Hanalal «Economy News»

  

 Banks

Economy News Baghdad

The President of the Association of Iraqi private banks, Wadih al-Hanal, on Wednesday, that the time is appropriate to activate the initiative of the Central Bank of "trillion dinars" for the support system' target='_blank' style=">support system" rel="">support of small and medium enterprises .

Al-Hantal said in his speech during the workshop "one-trillion-dollar initiative to support system' target='_blank' style=">support system" rel="">support small and medium enterprises" held in the city of Erbil and attended by "economy News", the reason for non-activation of the initiative at the time of launch due to the existence of a window selling the currency, which banks were making profits from it, "When the interest rate was set at 4% to lend to the market there was another source of profit, the window of the currency, but the recent profits ended is left to banks only lending ."

He pointed out that "banks lend from their deposits at a greater interest or Murabaha greater than 4% so when it comes to the initiative of the Central Bank, which is determined by 4% do not use it, because it has funds and can lend .

The head of the Association of Iraqi Private Banks, suggested reconsidering the interest rate and leaving the market is to determine the interest rate and the recent competition will be between banks .

Al-Hanalal thanked the Kurdistan Bank for sponsoring the initiative of the trillion dollar initiative and stressed the encouragement of the Association of Iraqi Private Banks for such activities in the coming stages .

Views 2833   Date Added 19/09/2018

Add rating  

  Similar News

http://economy-news.net/content.php?id=13724

 

   

Central Bank to revive SME initiative

   


26/9/2018 12:00 am 

Revitalizing the labor market and activating the economic cycle

Baghdad / Shukran al-Fatlawi 

The Governor of the Central Bank of Iraq d. On the need to activate the initiative of the Central Bank of Iraq to finance small and medium enterprises, which aims to stimulate the labor market and activate the economic cycle in the country. 
The banking adviser of the Association of Iraqi Private Banks Samir Nusairi said: "The Governor of the Central Bank addressed during the regular meeting with banks the need to activate the initiative to finance small and medium projects aimed at revitalizing the economic cycle of the country, as well as the contribution of the Iraqi banking sector, both government and private development. Trillion dinars The Central Bank of Iraq had been granted 6 trillions dinars as a payment to help the government in its financial crisis and the development of the economy, including 5 trillion sector loans include housing loans, agricultural and industrial and also a trillion dinars for medium and small projects and is earmarked for private banks.

He added that "the central bank discussed yesterday the ways to activate the financing of small and medium-sized projects in light of the experience of banks in lending and reconsider the rates of interest approved and stimulate them to increase the number of loans granted to these projects." 
He pointed out that "banks call for giving flexibility in the identification of sectors and projects and reconsider some of the conditions and instructions governing the mechanisms of lending." The local market , said a member of the Iraqi National Business Council Haitham Bolani, "Tracer of the reality of the local market indicates the operation of a number of small and medium-sized productive projects in some economic joints."


He pointed out that "the revival of national production starts from the small and medium enterprises that have already begun in Iraq during the last period, albeit in relative terms, because the entrepreneurs relied on financing their own projects, and in solving the small and medium loans, it is different and becomes a significant expansion in the process  
Productivity". Production process , adding that " the local labor market in dire need of small and medium loans that are reviving the productive process of the country 's key," pointing out that "thousands of plant and projects stalled due to lack of funding helps to rotate the output wheel."

He stressed that "banks are required to work to contribute effectively in achieving a high flow in making loans are moving towards real projects, achieving economic feasibility of the national economy and the family economy alike," and these projects contribute to contain unemployment and stimulate the local market, through the provision of employment opportunities Directly within projects and others indirectly in the sectors thatsupport system">support them and supply markets. "  Dairy products Bolani stressed that" the detailed import of dairy products requires allocations exceeded one billion and 300 million dollars, at a time we can provide this amount to the state treasury, when the establishment of medium and small projects to produce Dairy Breached the country. "

 

http://www.alsabaah.iq/ArticleShow.aspx?ID=163721

 

So they it appears the CBI is not going to allow the private banks to raise interest rates for the finance of small and medium enterprises, since they have lost the ability to make money from currency exchange,  The CBi appears to be doing all of the financing.

Edited by Butifldrm
  • Thanks 1
  • Upvote 2
Link to post
Share on other sites

They've been talking about how " the time is right " for how long now ? 

 

I would " stress " to this mob, pulling their finger out and go straight to ACTION. . . RIGHT THE HELL NOW ! 

 

Y'all know me, I'm a wee bit impatient after 15 FREAKING YEARS !  :lol:

 

I had a full head of hair when I began this journey into the surreal - now, not so much.

Edited by 10 YEARS LATER
  • Like 1
  • Haha 3
  • Upvote 1
Link to post
Share on other sites
 
5380.jpg
The Rafidain Bank logo

  

 Banks


Economy News Baghdad

Rafidain Bank announced on Wednesday the disbursement of a new batch of retired civilian and military pensioners ranging between 3, 5, 8 and 10 million dinars through electronic payment tools.

The bank's information office said in a statement received by the "Economy News" that "a new batch of retired civilian and military pensioners was transferred to about 12,998 retired."

The statement said that "the disbursement of this advance was by informing the pensioner by sending a text message telling him to give the advance, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which was filled the financial balance to it."


Views 71   Date Added 09/26/2018

  • Upvote 1
Link to post
Share on other sites
 
10292.jpg

  

 Banks


Economy News _ Baghdad

Al-Rafidain Bank announced on Thursday the launch of a new meal of the advance of employees of the State Departments, which ranged between five and ten million dinars through electronic payment tools.

The bank's information office said in a statement received by the "Economy News" a copy of it, that "a new batch of the advances of the employees of the state departments was transferred by electronic card to about 3545 employees."

The statement said that "the payment of this advance was by informing the employee by sending him a text message informing him of the advance payment, after he completed all the legal procedures to grant it and disbursement through electronic payment tools, which have been filled with the financial balance." 


Views 24   Date Added 27/09/2018

 
  • Upvote 2
Link to post
Share on other sites

http://economy-news.net/content.php?id=13813......

 Specialists stress the need to eliminate the bureaucratic obstacles facing the project support initiative
 
10308.jpg
Building the Central Bank of Iraq

  

 Reports


Economy News Baghdad

On Thursday, experts welcomed the initiative to support small and medium enterprises, which was launched by the Central Bank two years ago. They stressed the need to eliminate the bureaucratic and bureaucratic obstacles that prevented the implementation of the initiative.

The banking expert, Abdulrahman al-Shaikhli, described a small and medium-sized enterprise support initiative as "the backbone of credit in Iraq," because a large segment of society is willing to pursue its own projects but does not have enough material.

"The initiative was launched by the central bank two years ago, under the supervision of the prime minister, but it was delayed because of some of the routine and bureaucratic complexities that prevented it from being realized," Sheikhli said in an interview with Al-Iktissad News.

"So we see the institutions involved in the success of the initiative to support small and medium enterprises, such as the Central Bank of Iraq and the Association of Private Banks, is working to develop and update everything that can contribute to the success of the initiative.

For its part, the Association of Iraqi private banks, several proposals to activate the initiative to support small and medium-sized enterprises, including the launch of the credit query platform, which will provide credit information on borrowers to help significantly in the decision-making by the bank, and also called for the need to lift the restriction of the loan interest rate Initiative, and leaves it to competition between banks.

It also stressed the need to intensify the training of lending units in banks, by the concerned authorities.

In turn, the economic expert, Bassem Antoine, said that the initiative to support small and medium enterprises is very important, in light of the overcrowding in government institutions, graduating 150 thousand students annually.

He called Antoine, in an interview with "Economy News", the need for the Central Bank to rely on banks to implement the implementation of the initiative to support small and medium enterprises, so as not to "live buried" as he put it.

He supported the idea of "setting the interest rate of SME loan lending to competition among lending banks", suggesting a rate cut to 3 percent.

Anton stressed that the initiative to support small and medium enterprises "will reduce the rates of crime in society" because the latter spread in poor communities, and that the initiative will eventually lead to social welfare.


Views 9   Date Added 27/09/2018

  • Thanks 1
  • Upvote 1
Link to post
Share on other sites
  • yota691 changed the title to Iraq is borrowing 100 million euros
Date of release: 2018/10/3 14:17 • 295 times read
Iraq is borrowing 100 million euros
{International: Al Furat News} The Iraqi-owned Commercial Bank of Iraq signed a loan agreement with Commerzbank to support small and medium-sized businesses in Iraq.
The bank said in a statement it aimed to support public and private sector projects worth up to 100 million euros ($ 115 million) in terms of volume of business. 
The focus of the financing partnership will be on the export contracts granted to Commerzbank customers in Germany and other European countries
  • Upvote 1
Link to post
Share on other sites
  • yota691 changed the title to "Iraqi Trade" sign a loan agreement with $ 115 million

"Iraqi Trade" sign a loan agreement with $ 115 million

"Iraqi Trade" sign a loan agreement with $ 115 million
The loan will be used to support public and private sector projects
 03 October 2018 02:36 PM

Mubasher: The Iraqi Trade Bank, owned by the Iraqi government, signed a loan agreement worth 100 million euros (115 million dollars) with Commerzbank to support small and medium enterprises in Iraq .

The bank said in a statement on Wednesday that the loan will be used to support public and private sector projects.

The partnership will focus on the export contracts granted to Commerzbank customers in Germany and other European countries.

  • Thanks 1
  • Upvote 2
Link to post
Share on other sites

122009.jpg?width=750&&height=375

 
2018/10/08 13:02
  • Number of readings 41
  • Section: Iraq
  •  

The Iraqi Trade Bank signs a loan with a German institution

 

 

The Iraqi Trade Bank signed a loan with a German institution worth 100 million euros, indicating that Germany is the first leading industrial country to provide banking facilities to Iraq. 

"The bank has signed a loan agreement with German firm Ulrich Harms for 100 million euros," Faisal al-Hims, head of the bank, said in an interview with local media. "The objective of the agreement is to encourage German exports to Iraq and to benefit from the facilities offered by the German institution for The State, ministries and the private sector ".


He added that the agreement will provide credit facilities for the various ministries and the private sector for a period of five years, which will facilitate the importation of various German goods, "noting that" the agreement is based on the data of the Bank of Iraq for trade and without the Ministry of Finance and is the first advanced industrial state to provide banking facilities. " 

Waler Harms is a credit insurance company offering a wide range of bond, guarantee and collection services for business management.

http://almasalah.com/ar/news/152440/المصرف-العراقي-للتجارة-يوقع-قرضا-مع-مؤسسة-المانية

Follow the obelisk

  • Upvote 1
Link to post
Share on other sites

Al-Iraqi Trading and Commerzbank Germany sign agreement to boost economic growth

The slogan of the Iraqi Trade Bank «Economy News»

  2429.png

 Banks

 

Economy News Baghdad

The Iraqi Trade Bank signed an agreement worth about 100 million euros with the German bank Commerzbank to facilitate imports from Europe as well as to finance investment projects and provide jobs.

"The bank has signed a 100 million euro agreement with Commers and with the approval of the German Export Guarantee Agency Euler Hermes to increase investment opportunities, finance medium- and long-term projects, and facilitate the development of medium- and long-term projects," Faisal Al-Hims, general manager of the bank, said in a statement. Import process from European countries ".

"This financing is part of the Bank's long-term strategy to finance internal investments and to provide new resources to support the importation of basic materials and services for the Iraqi investor," he said. "We recognize the importance of supporting this type of project, which will contribute to the guarantee of the German Export Agency to direct remittances to suppliers in European countries for the projects to be studied. Carefully in order to be an effective element in economic development as part of our commitment to accelerate the pace of this growth through partnerships that we do with the various stakeholders to help Iraqi companies to perform its role and achieve its ambitions. "

"We are pleased to sign the financing agreement because it is a major achievement that will contribute to strengthening trade relations between Iraq and Germany and will also allow the support of Iraqi companies seeking to do business with our customers in Germany and other parts," said Katherine Karpinski, head of export and finance at international markets. From Europe by providing long-term financing loans to various projects in the future. "

"Our strong presence in the European market, combined with the ability and expertise of the Iraqi Bank in the local markets, will bring tangible value to German and European companies by expanding their business in Iraq and creating new investment opportunities that will benefit both sides," she added.

Deutsche Bank is Germany's second largest bank, which finances 30% of foreign trade and has branches and offices in more than 50 countries and also finances private, public and investor sectors.

Views 266   Date Added 10/08/2018

http://economy-news.net/content.php?id=13873

  • Upvote 3
Link to post
Share on other sites
  • yota691 changed the title to A deputy talks about the benefits of loans and advances received from government banks

Put some purchasing power behind it and won't be no need to complain an GM DV

 
Sunday, October 14
 
 
Search Bigger
 
 

Al-Sumerian News / Baghdad
MP Jamal Al-Mahmoudawi on Sunday called for the cancellation of unfair interest on loans and advances of employees received from government banks. 

Al-Mahmoudawi said in a statement received by Alsumaria News, "We strongly reject the imposition of a high rate of interest on loans and advances of employees and in a cumulative way to multiply the benefits of borrowers, so that the total value of the advance (ten million) to four million five hundred thousand dinars, The greater the amount of loan received from the employee. "

 

 

 


Al-Mahmoudawi added that "these high cumulative benefits reflect the unjust policy of the employees require immediate review and change, which raises the injustice and eliminates the severe damage to the citizen in need of those loans and affected the behavior of methods and legal mechanisms to protest and objection to these unfair decisions and correct those decisions, "He said. 

It is noteworthy that Rafidain and Rashid Bank give loans and advances to employees ranging from 5 to 10 million dinars and the rate of interest to about 7%, which burdens the burden and increases the number of years until the payment of these amounts.

  • Like 1
  • Upvote 1
Link to post
Share on other sites
  • yota691 changed the title to Nahrain launches loans to college students and newlyweds
 
10581.jpg

  

 Banks


Economy News _ Baghdad

Al-Nahrain Islamic Bank of the Ministry of Finance announced on Monday the adoption of a new package of banking facilities, including the purchase of housing and cars and the establishment of small projects, revealing the launch of funding for students of civil colleges and those wishing to perform Umrah. 
The Director of the Bank of the Ministry of Finance, Mohammed Samir in an interview with the newspaper "morning" and the official "Economic News", "The Board of Directors of the Bank a number of procedures related to the mechanism of granting funds (loans) to address them in order to benefit the largest segment of citizens, The sponsor and the duration of payment and interest, "asserting" issuing new instructions relating to the purchase of housing, cars and small projects. "
He explained that "the new instructions allowed the employee who wants to buy a housing house worth not more than 75 million dinars, only one civil sponsor instead of two, while keeping the sponsors if the amount of Murabaha range from 75 to 150 million dinars, Murabaha to 15 years instead of 10, as well as the choice of the beneficiary repayment period as far as possible with a period not exceeding 15 years. " 
He added that "Murabaha (interest) was also adopted 4 percent annually from the remaining amount, as opposed to what was previously applied, which is 8.3 for the entire amount. The employee was also allowed to buy his first degree home or brother, sister, father, son, mother and father down To the fourth degree, as a result of the independence of financial disclosure and not inconsistent with the laws, except for the purchase of the husband from his wife and vice versa.
He added that "the instructions to grant funding for the purchase of a residential house provides to bring the title of the property from the seller to ensure the non-custody and validity of the issuance, as well as the sponsor of the staff to start promoting the treatment and then the price of the house is estimated by a specialized committee includes its members representatives of the bank and real estate registration, The stage of monitoring the financial allocation, "noting that" After that, the stage of payment of the beneficiary 15 per cent of the amount of the property to the seller and then the stage of opening the statement in the Department of Real Estate Registration and review of the tax and municipal departments and up to the acknowledgment and waiver to receive the seller the remaining 85 percent Of the price of the property, for the beneficiary to place a reservation signal in favor of the bank until the payment of the installments that have been paid.
Samir revealed that "near the launch of funding for students of private colleges in the amount of three million dinars are paid during the academic year on a monthly basis, with the possibility of renewal for the next academic year to ensure the bank to pay tuition fees during the bachelor's degree." 
He pointed out that "the current period is waiting for official approvals for the launch of funds and the preparation of instructions and controls consistent with the nature of the income of the individual Iraqi." He said that "the granting of funding for those wishing to perform Umrah and for newly married, and no less than five million dinars.


Views 586   Date Added 15/10/2018

 
  • Upvote 1
Link to post
Share on other sites

The new package details of banking facilities include the purchase of residential and motor homes

15-10-2018 12:25 PM
Readers
image.php?token=b5873347ba42bb8376699f33d3209b39&size=
 

Baghdad News -

 

 

Al-Nahrain Islamic Bank of the Ministry of Finance announced on Monday the adoption of a new package of banking facilities, including the purchase of houses and cars and the establishment of small projects, revealing the launch of funding for students of civil colleges and those wishing to perform Umrah.

 
The director of the bank, Mohammed Samir, said in a press statement that 'the board of directors of the bank has identified a number of procedures related to the mechanism of granting funds {loans} to be processed in order to benefit the largest segment of citizens, especially with regard to the sponsor and the duration of payment and interest,' asserting ' Residential and small-car projects'.

 
He explained that the new instructions allowed the employee who wants to buy a housing house worth not more than 75 million dinars, only one civil sponsor instead of two, while keeping the sponsors if the amount of Murabaha range from 75 to 150 million dinars, Payment of Murabaha to 15 years instead of 10, as well as the choice of the beneficiary repayment period as far as possible with a period not exceeding 15 years'.


He added that the amount of murabaha (interest) was also adopted 4 percent annually from the remaining amount, unlike the previous practice of 8.3 per full amount. The employee was also allowed to buy his first class home or from brother, sister, father, son, mother and father, Fourth degree, as a result of the independence of financial disclosure and not inconsistent with the laws, except for the purchase of the husband from his wife and vice versa.


He added that the instructions to grant funding for the purchase of a residential house provides to bring the title of the property from the seller to ensure that it is not detained and the validity of its issuance, as well as the sponsor of the staff to start promoting the transaction and then the price of the house is estimated by a specialized committee includes its members representatives of the bank and real estate registration , Followed by the stage of monitoring the financial allocation, 'noting that' after that, the stage of payment of the beneficiary 15 per cent of the amount of the property to the seller and then the stage of opening the statement in the Department of Real Estate Registration and review of the tax and municipal departments and up to the acknowledgment and waiver to receive the seller 85 percent Stay of the price of the property, so that the beneficiary to place a reservation signal in favor of the bank until the payment of the installments that have been paid.


Samir revealed that "near the launch of funding for students of private colleges in the amount of three million dinars are paid during the academic year, monthly, with the possibility of renewal for the next academic year to ensure the bank to pay tuition fees during the bachelor's degree.


He pointed out that 'the current period is waiting for official approvals for the launch of funding and the preparation of instructions and controls consistent with the nature of the income of the individual Iraqi.'

 
 
 
  • Like 1
  • Thanks 1
Link to post
Share on other sites
  • yota691 changed the title to Sanad Fund stops pumping loans in Iraq and Yemen

Sanad Fund stops pumping loans in Iraq and Yemen

03:47 - 17/10/2018

 
image
 
 

BAGHDAD - 
The Sanad Fund has stopped pumping loans in a number of banks and companies in Iraq and Yemen over the past few years, the head of Egypt's office told the Financial in Motion on Wednesday. 
He added Mohammed Morsi, in exclusive statements to the site, "Mubasher," economic, read by / Mawazin News, "that the fund to support the departure of these institutions as a result of the political situation experienced by the two countries during the current period." 
"The Fund will focus on banks and companies that invest in small and medium-sized enterprises," he said. 
Financial In Motion is a fund advisor for Sanad Microfinance and Green Finance for Renewable Energy.

  • Upvote 2
Link to post
Share on other sites
What does Credit mean? German Commerzbank lending a 100 million euro loan to the Iraqi Commercial Bank (TBI)
 
 
10711.jpg
  

 Articles
A - Knowledge of Khalifa

But after looking at many of the figures concerning the Iraqi economy and the improvement of the economic and political situation will see that the strength, durability and solidity of the growing economic situation in Iraq is the main reason for the start of the confidence of international banks in the stability of the credit rating of Iraq and overcome all challenges of course, this loan or funding whatever the basis and purpose Of which there are several uses, including the focus of the financing partnership on the export contracts granted to Commerzbank customers in Germany and other European countries and to support small and medium-sized companies, but it will not be the first loan of this size for the Iraqi Development Bank, Thier mutual loans between Iraqi banks and international banks, which promises to reality and a bright future and close to the Iraqi banking movement and the rise in oil prices nearing $ 85 a barrel and continued strength of the Iraqi dinar against the dollar and other currencies and in parallel with the new systems and continued in the financial sector, legislation and affairs

A.Kareem Khalifa 
is a banking lecturer, researcher and economic writer
 

Views 66   Date Added 10/20/2018

http://economy-news.net/content.php?id=14053

 

  • Upvote 6
Link to post
Share on other sites
30 minutes ago, 6ly410 said:

continued strength of the Iraqi dinar against the dollar and other currencies and in parallel with the new systems and continued in the financial sector, legislation and affairs

I don’t care what the naysayers say.. something is up..... imo only of course 

Edited by 6ly410
  • Upvote 6
Link to post
Share on other sites

accordance with the latest systems in force internationally, and the requirements set by the Central Bank of banks operating in Iraq ...  from yesterday 

Edited by 6ly410
  • Upvote 3
Link to post
Share on other sites
Release date: 2018/10/21 9:41  487 times read
Rafidain announces the companies that deal with the granting of cars by installments
{Baghdad: Al-Furat News} Rafidain Bank, announced the names of companies that deal with granting cars to citizens and employees by installments.
The bank's media office said in a statement received by the agency {Euphrates News} a copy of it, "a number of companies deal with the bank in granting car loans in installments for citizens and employees." 
He explained that these companies are: 
1 - Cherin company - the type of car Shkoda - Hyundai 
2 - the company Saz - the type of car Toyota 
3 - Ata Rahman - the type of car Hyundai 
4 
- Type of car: Chevrolet 
6 - Sama Al Gharbia - Type of car - Pike - Foton - Renault 
7- Al Thuraya glamor - Type of car Pike - Foton - Renault 
8 - Al Bilad United Company - Type of car - Renault 
9 - Anwar Babel 
10 - Neshj Iraq Company - Type of car Hacking - bus futon
11- General Company for car and equipment trade 
12- General Company for car and machinery trade 
13- Al-Aja'ad Al-Baaj Company - Type of car Kia
  • Upvote 2
Link to post
Share on other sites
 
Sunday, October 21,
 
 
Search Bigger
 
 
 
 
 
 

Alsumaria News / Baghdad
Al-Rasheed Bank announced on Sunday granting loans to health professionals up to 80 million dinars maximum for the employee and non-employee. 

The bank's media office said in a statement that it had decided to grant loans to health professionals ranging from 30 to 80 million dinars for the employee and non-employee, noting that "the loan period is five years and is granted to open clinics, pharmacies, drug stores, analysis laboratories, And signs. "

 

 


He explained that "the instructions specified the loan and guarantee and the granting of 30 million bail of one employee, and more than 30 to 45 million bail of two employees, and more than 45 to 80 million real estate guarantee and the sponsor of one employee."

  • Thanks 3
  • Upvote 2
Link to post
Share on other sites
  • yota691 changed the title to RACING: Private sector drive economic development and the government to launch its facilities
  • yota691 locked this topic
Guest
This topic is now closed to further replies.
  • Recently Browsing   0 members

    No registered users viewing this page.




  • Similar Content

    • By yota691
      Medium enterprises embrace the national economy
      Monday, 15 July 2019 37

        Baghdad / Emad Al-Amara     Economic analyst Abdul Sattar Abdul-Jabbar Moussa said that the practical applications of small and medium enterprises in many countries stressed the need for such institutions, regardless of the rate of progress and economic and social development, as the adoption of the national economy, but they need funding.   Small and medium enterprises Between Moses and "morning" that "the importance of small and medium enterprises appear through the exploitation of energies and possibilities and the development of expertise and skills being  "It is important to diversify the national economy in many aspects as it is one of the fertile areas for the development of new creations and ideas, as well as they are the seeds of the core of large institutions." "These projects are characterized by competitive nature, which is reflected in a large extent on the volume of sales and rates of return of activity," pointing out that "these institutions support the industrial strategy based on national development plans, and is a means to support agricultural production and contribute to the mobilization of capital, Their contribution to increasing savings, which will lead to increased investments. "   Local resources "These institutions are often dependent on local resources and spin-offs of large enterprises, thus contributing to reducing the waste of these resources and reducing reliance on imports of raw materials," Moussa said. "These institutions contribute to strengthening the national economy through large institutions through Distribution of their products or supply them with production inputs or through subcontracting with large enterprises manufacturing  Some components or some of the production process necessary for the final product, which is not economically feasible to implement by the large enterprise, so it has a significant role in expanding the base of domestic production.   The role of finance In a related context, a member of the Center for Arab and International Studies, Dr. Amr Hisham that the issue of funding comes at the forefront of the problems faced by small and medium enterprises. He stressed the existence of a wide variety of sources of institutional finance that respond to different levels of growth of institutions, whether small loans or government support and advanced modes of financing, including entry into the stock exchange. "Banks and specialized financial institutions play an important role in overcoming the obstacles imposed by the conventional loan," he said.  Stressing "one of the most convenient alternatives that  Found for medium and small enterprises' investments is the rental loan, a pattern of newly created financing in which a property or equipment is delivered for a specified period of time against agreed installments. "This type of financing is flexible and easy to compare with conventional investment financing," he said.   Venture capital "Risk capital as an economic tool can provide the project with flexible and long-term capital through its extensive ownership of the enterprise, as well as emerging and developing management assistance, especially for institutions with new ideas," Dr. Amr said. Risk capital means the provision of equity capital to establish or develop institutions. Risk capital is normally pooled by investors in the form of a fund used to fund investments in private businesses through equity participation and 20% to 40% ownership of capital. This service is usually through venture capital companies or banks and individual financiers.
  • Popular Now

  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.