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

[10 YEARS LATER]

The only “ bloated sector “ is the Bank accounts of the most useless GOI EVER ! 

 

How many laws laws has the GOI PASSED in say the last 6 or so months ? Have all the pertinent investment laws been passed allowing for foreign investors to feel safe enough to take the plunge ?

 

 

[navira]

Let's go...return the economic boom.

[yota691]

Rafidain announces the inclusion of the homeland salaries with advances and loans

 

The Rafidain Bank logo

Banks Economy News Baghdad The Rafidain Bank, Saturday, that the employees of ministries and departments of the state, whose salaries are settled electronically at the bank are covered by advances and loans and financial facilities provided by the bank. "The process of settling the salaries of state employees is through the issuance of electronic payment tools through which the employee is granted his salary electronically away from the paper deal," the bank's information office said in a statement read by the economy news. The statement added that "this step benefits the employee, through which the distribution of personal advances and loans to him as well as other banking services."  Views 18   Date Added 03/30/2019

[yota691]

Al-Rafidain: Employees of ministries and state institutions whose salaries are covered by advances and loans

 

Saturday 30 March

 

 

Alsumaria News / Baghdad confirmed Rafidain Bank on Saturday that the staff of ministries and government departments who are settling their salaries electronically with the bank covered loans and advances and financial facilities provided by the bank.  "The process of settling the salaries of state employees is through the issuance of electronic payment tools through which the employee is granted his salary electronically away from the paper deal," the bank's information office said in a statement received by Alsumaria News.   The statement added that "this step benefits the employee through which the personal advances and loans are distributed to him as well as other banking services."  It is noteworthy that Rafidain Bank began and since 2016 grants advances and loans to employees and citizens in accordance with certain mechanisms and controls.

[6ly410]

 

[Officiallytook]

include us too dayumn...😏😏😏😑😑😑😆😆😆

[yota691]

Al-Kaabi stresses the need to restore confidence in banking institutions in general

 

Banks Economy News _ Baghdad The first deputy speaker of parliament, Hassan al-Kaabi, on Monday stressed the need to restore confidence in banking institutions in general, calling for greater facilities to grant advances and loans. The media office of the first deputy said in a statement received "the economy news" a copy of it, "Al-Kaabi called during his visit to the Iraqi Trade Bank branch of the House of Representatives and his meeting and all the Director General of the bank and the director of its branch in the Council Fuad agent to grant advances and loans to employees and the need to review the terms and conditions In particular with regard to the subject of "bail, benefits and speed of delivery". The statement added that "a number of banking issues and events were discussed with the citizen and the state in general, and the plans adopted to develop the potential of the banking sector, as well as talk about the subject of settling salaries." The statement continued that "Al-Kaabi stressed the great role played by the banking sector in achieving economic and social development of the country, and its active contribution in financing the various strategic and investment activities needed by Iraq," stressing at the same time on "the need to work to restore confidence in banking institutions in general, Financing small projects for citizens because of the importance of investment and development of large, in addition to the importance of cooperation with commercial and economic banks to the benefit of the people and the bank and the state. Number of Views 34   Date Added 08/04/2019

[yota691]

Deputy Speaker calls for greater facilities to grant advances and loans

 

Monday 8 April

 

Alsumaria News / Baghdad  called the First Deputy Speaker of Parliament Hassan al - Kaabi, Monday, to provide the largest grant loans and advances to employees and the need to reconsider the regulations and conditions accompanying the submission, particularly with respect to the subject of sponsorship benefits and speed of delivery facilities.  Al-Kaabi's office said in a statement received by Alsumaria News that "Al-Kaabi visited today the Iraqi Trade Bank branch of the House of Representatives and met with the Director General of the Bank and the Director of the bank branch Fuad Al-Wakil, where they discussed a variety of issues and banking activities with the citizen and the state in general, To develop the potential of the banking sector, as well as talk about the subject of localization of salaries.   "The banking sector plays a major role in achieving the economic and social development of the country and its active contribution in financing the various strategic and investment activities that Iraq needs ," he said. "The need to restore confidence in banking institutions in general."   Al-Kaabi stressed the importance of cooperation with commercial and economic banks to benefit the people, the bank and the state. He called for "greater facilities to grant loans and advances to employees, and the need to reconsider With the terms and conditions attached to their submission, particularly with regard to the subject of sponsorship, benefits and speed of delivery. "   The loan is an advance payment in case the full amount must be paid before retiring, while a loan is considered to be in the event that it is possible to repay it beyond the end of his / her career and to be referred to retirement.

[yota691]

The Presidency of the Parliament calls for a review of the terms of granting advances and loans

Economy | 12:04 - 08/04/2019

 

 

 

Baghdad - Mawazin News 
The First Deputy Speaker of the House of Representatives, Hassan al-Kaabi, on Monday, to provide greater facilities "to grant advances and loans to employees and the need to review the conditions and conditions associated with the submission 
The media office of al-Kaabi said in a statement received / "Al-Kaabi visited today, the Iraqi Bank for Trade," the branch of the House of Representatives "and met Fuad Al-Wakil, Deputy Director-General of the Bank and the Director of the bank branch" 
The statement said that "the meeting was a discussion of a range of issues and banking activities with citizens and the state in general, and plans adopted to develop the potential of the sector Banking, as well as the Dith placed about the localization of salaries. " 
Said Kaabi, that"
He stressed the need to work to restore confidence in banking institutions in general, and to move towards financing small projects for citizens because of the importance of investment and development, in addition to the importance of cooperation with commercial and economic banks to benefit the people and the bank and the state. 
He called on the Deputy Speaker of Parliament to "provide greater facilities to grant advances and loans to employees and the need to review the controls and conditions associated with the submission, especially on the subject of bail, benefits, and speed of delivery."

[6ly410]

Al-Kaabi stresses the need to restore confidence in banking institutions in general

 

 

Economy News _ Baghdad The First Deputy Speaker of the Parliament Hassan al-Kaabi on Monday stressed the need to restore confidence in banking institutions in general, calling for greater facilities to grant advances and loans. The media office of the first deputy said in a statement received "the economy news" a copy of it, "Al-Kaabi called during his visit to the Iraqi Trade Bank branch of the House of Representatives and his meeting and all the Director General of the bank and the director of its branch in the Council Fuad agent to grant advances and loans to employees and the need to review the terms and conditions In particular with regard to the subject of "bail, benefits and speed of delivery". The statement added that "a number of banking issues and events were discussed with the citizen and the state in general, and the plans adopted to develop the potential of the banking sector, as well as talk about the subject of settling salaries." The statement continued that "Al-Kaabi stressed the great role played by the banking sector in achieving economic and social development of the country, and its active contribution in financing the various strategic and investment activities needed by Iraq," stressing at the same time on "the need to work to restore confidence in banking institutions in general, Financing small projects for citizens because of the importance of investment and development of large, in addition to the importance of cooperation with commercial and economic banks to the benefit of the people and the bank and the state.

Views 82   Date Added 08/04/2019 http://economy-news.net/content.php?id=16159

[yota691]

Al-Rasheed: granting loans to retirees to buy cars

 

Banks Economy News _ Baghdad Al-Rasheed Bank announced on Wednesday granting loans to retirees to buy cars, pointing out that the instructions stipulate that he should not exceed 65 years of age.  The bank's information office said in a statement received by the "Economy News" a copy of it, "The bank began to grant loans to buy cars for retirees carrying a card (Nakheel) without a sponsor."  He added that "the terms of the loan to be retired (authentic) not granted to the beneficiary and not to exceed the age of 65 years in grants note that the duration of the loan 5 years interest rate of 8% is calculated on a straight-line basis." Views 73   Date Added 04/10/2019

[yota691]

Al-Rashed starts granting loans to retirees to buy cars   Wednesday, April 10,     Alsumaria News / Baghdad  Al-Rasheed Bank announced on Wednesday granting loans to retirees to buy cars, indicating that the instructions require not to exceed the age of 65 years.  The bank's information office said in a statement it received Alsumaria News that it began to grant loans to buy cars for pensioners carrying a card (Nakheel) without a sponsor "The  bank said that" the terms of the loan to be retired (authentic) and not granted to the beneficiary and not be over 65 years at The grant period is 5 years with an interest rate of 8%.   Since the year 2016, Al-Rasheed Bank has granted loans and advances to employees and citizens in accordance with certain mechanisms and controls.

[Butifldrm]

Rafidain launches its new application for smart phones

Written by: mohanadat:April 10, 2019

Al-Nour News / Baghdad 
 

 

Al-Rafidain Bank on Wednesday launched its new application for smart phones in the platforms (Android, Apple).

A statement issued by the bank, "Al-Nour News", a copy of it, "The bank launched in cooperation with the International Company for smart cards applied to smart phones in the platforms (Android, Apple)."

The bank called on its customers to download the free application (Rafidain Bank) to view the balance of his electronic financial card and knowledge and query in addition to the latest movements that have been withdrawn from the card.

Post on the web sites!

http://alnoornews.net/archives/211148/الرافدين-يطلق-تطبيقه-الجديد-للهواتف-ا/

[yota691]

Rafidain: continue to lend to the affected areas of the liberated to restore their role

Wednesday 17 April 2019 25

 

Baghdad / Tareq al-Araji              

 

Al-Rafidain Bank confirmed that it will continue to grant loans to JD 30 million to the beneficiaries of the liberated areas, in order to rehabilitate the residential role in the areas that were under the influence of the terrorists.

The director of the bank, Dr. Khawla Talib al-Asadi said in an exclusive interview for "morning": The bank in addition to the banker good and real estate under Article 45 of the budget of 2018, took a decision to grant loans to citizens of liberated areas affected their role, as the bank proved the damaged house, to give the citizen a loan For 30 million dinars for a period of five years. 

The Ministry of Finance, with the aim of alleviating the burden of citizens in those areas, has directed these banks to bear the interest rate for a period of five years if the borrower pays the amount owed to the bank according to the specified period, while the borrower bears interest rate of 5% for more than five years , And keep them for ten years, stressing that the loan includes only those affected their role in the provinces that were under the influence of the terrorist "Dahesh." 

Al-Asadi pointed to the continuation of granting loans in the amount of 15 million dinars to support the establishment of small projects, noting the existence of a large demand by the young people, in addition to coordination with the Engineers Association to cover them up to 100 million dinars in agreement with the National Insurance Company, which adopts the insurance process for beneficiaries in coordination with The union to adopt this project aimed at activating and reviving suspended factories and re-work in which to contribute to the provision of labor and encourage industry 

National.

He added that the bank is also giving an advance to graduate students in the amount of five million dinars, in addition to granting the professor, the assistant professor, the teacher and the assistant professor at the universities a different advance without reference to the salary settlement item, as well as the 50 million dinars advance, And to continue to grant advances to the victims of the Karrada and Shorja explosions at a rate of interest of 5%, in addition to the advances of retirees and granting the owners of special grades such as deputies the salary of 100 salaries, to pay the loan within four years.

The director of the Rafidain Bank said that it amounted to 485 billion dinars, in addition to exposing the branches of the bank to sabotage and destruction, noting that after the liberation was rehabilitated most of them, while the destruction of its branches in the province of Nineveh, Al Rabeeen and Nineveh are fully operational, while its employees are working in alternative locations and the bank is working on rebuilding them. He pointed out that seven branches are working and providing services to citizens currently and within the areas of Hamdania,

 Mosul.

[blueskyline]

https://www.alsumaria.tv/mobile/news/266828/النزاهة-ضبط-متهمين-بتمرير-سلف-في-مصارف-حكومية/ar.......

Integrity: the seizure of suspects by passing advances in government banks

April 17, 2019       Economy and business

....

Al-Suhairiya News / Baghdad
The investigation department of the Integrity Commission revealed on Wednesday the arrest of a number of defendants working in a civil company in Baghdad for promoting the transactions of granting loans and advances, and the practice of money exchange without permission or license. 

The department said in a statement received by Alsumaria News a copy of it, "A team from the Directorate of Investigation of Baghdad of the Authority carried out the seizure of five accused in one of the companies that are engaged in exchange and mediation with government banks, for the purpose of promoting transactions granting loans and advances and the deduction of amounts of the company without licenses and licenses from The competent authorities, "pointing to" the seizure of the amount (30,000) dollars, and transactions and books of support for loans and advances belonging to a number of citizens and retirees. "

 

The statement added that "the defendants were arrested in accordance with the provisions of Article 240 of the Penal Code in the process that was based on a judicial arrest warrant," noting that "a record of the seizure of the assets of the accused was organized and presented with the material seized by the competent investigating judge; Appropriate

[yota691]

 

Rafidain clarifies his loans to the affected areas liberated and reveals his losses

Release date: 2019/4/17 9:22 • 175 times read

{Baghdad: Al-Furat News} Rafidain Bank, continued to grant the affected areas liberated loans up to 30 million dinars to qualify the residential role in it.

The bank's director Khawla Talib al-Asadi said in a press statement that the bank "in addition to the banker Rashid and real estate under Article 45 of the budget of 2018, took a decision to grant loans to citizens of the liberated areas affected their role, as the bank to prove the affected house, to give the citizen a loan of 30 million dinars and for five years". 
"The Ministry of Finance and its contribution to ease the burden of citizens in those areas, they directed the banks, bear the interest rate and for a period of five years in the event of payment of the borrower to the amount owed to the bank according to the specified period, while the borrower bears interest rate of 5% for more than five Years, and keep them for ten years, confirming that the loan includes only those affected their role in the provinces that were under the influence of a terrorist called.
Al-Asadi pointed out that "the continuation of the granting of loans in the amount of 15 million dinars to support the establishment of small projects, noting the existence of a large demand by young people, in addition to coordination with the Association of Engineers to include advances up to 100 million dinars in agreement with the National Insurance Company, which adopts the insurance process for beneficiaries, With their union to adopt this project aimed at activating and reviving suspended factories and the resumption of work, contributing to the provision of labor and the promotion of national industry.
"The bank also grants an advance to graduate students in the amount of five million dinars, in addition to granting the professor, assistant professor, teacher and assistant professor in universities, in advance without reference to the salary settlement item, as well as the grant of 50 million dinars, , And to continue to grant advances to the victims of the Karrada and Shorja explosions at a rate of interest of 5%, in addition to the advances of retirees and granting the owners of special grades such as deputies the salary of 100 salaries, to pay the loan during the Four years. "
The director of the Rafidain Bank said that it amounted to 485 billion dinars, in addition to exposing the branches of the bank to sabotage and destruction. He noted that after the liberation most of them were rehabilitated, while the sub-districts of Nineveh, Umm al-Rubayn and Nineveh The employees are working in alternative locations and the bank is working to rebuild them, noting that seven branches there are working and providing services to citizens currently and Areas: Mosul, Hamdania Bartalah and Tilkaif in addition to the University of Mosul ".anthy

[Butifldrm]

Rafidain lending residents of liberated areas and suffer losses of half a trillion dinars because of "urging"

09:36 - 17/04/2019

0

 

  

BAGHDAD - 
Al-Rafidain Bank announced on Wednesday that it will continue to grant loans to residents of the liberated areas, up to 30 million dinars to rehabilitate the residential role in it, estimated its losses in the areas that were under the influence of "Da'sh", by 485 billion dinars. 
"The bank, in addition to the rational and real estate banker under Article 45 of the budget of 2018, took a decision to grant loans to citizens of the liberated areas whose role has been damaged, as the bank has proved the damaged house to give the citizen a loan," the bank's director Khawla Talib al-Asadi said in a statement. For 30 million dinars and for five years. "
Al-Asadi added that "the Ministry of Finance and its contribution to ease the burden of citizens in those areas, these banks were directed to bear the interest rate for a period of five years in the event of repayment of the borrower to the amount owed to the bank according to the specified period, while the borrower bears interest rate of 5% Five years, and keep them for ten years, stressing that the loan includes only those affected their role in the provinces that were under the influence of a terrorist called. 
Al-Asadi pointed out that "the continuation of the granting of loans in the amount of 15 million dinars to support the establishment of small projects, noting the existence of a large demand by young people, in addition to coordination with the Association of Engineers to include advances up to 100 million dinars in agreement with the National Insurance Company, which adopts the insurance process for beneficiaries, With their union to adopt this project aimed at activating and reviving suspended factories and the resumption of work, contributing to the provision of labor and the promotion of national industry.
And the losses suffered by the bank during the invasion of "Daash," the director of the Rafidain Bank, "it amounted to 485 billion dinars, in addition to exposing the branches of the bank to sabotage and destruction," noting that "After the liberation was mostly repaired, And the work of the bank to rebuild, noting that seven branches there are working and provide services to citizens currently and within the areas: Hamdania, Bartalah and Taif, in addition to the University of Mosul. Ending / 25

https://www.almaalomah.com/2019/04/17/400721/

[nannab]

Thanks Yota and Butifldrm and good morning DV  

[yota691]

Integrity: the seizure of suspects by passing advances in government banks

 

Wednesday, April 17

 

 

Al-Suhairiya News / Baghdad  The investigation department of the Integrity Commission revealed on Wednesday the arrest of a number of defendants working in a civil company in Baghdad for promoting the transactions of granting loans and advances, and the practice of money exchange without permission or license.  The department said in a statement received by Alsumaria News a copy of it, "A team from the Directorate of Investigation of Baghdad of the Authority carried out the seizure of five accused in one of the companies that are engaged in exchange and mediation with government banks, for the purpose of promoting transactions granting loans and advances and the deduction of amounts of the company without licenses and licenses from The competent authorities, "pointing to" the seizure of the amount (30,000) dollars, and transactions and books of support for loans and advances belonging to a number of citizens and retirees. "   The statement added that "the defendants were arrested in accordance with the provisions of Article 240 of the Penal Code in the process that was based on a judicial arrest warrant," noting that "a record of the seizure of the assets of the accused was organized and presented with the material seized by the competent investigating judge; Appropriate ".

[yota691]

Rafidain announces the outcome of the completion and granting of loans during March

Economie

2019-05-17 03:05

 

 

 

 

 

947 views

 

 

Rafidain Bank announced on Friday the completion and granting of loans of all kinds to citizens during the month of March.

The Bank's Information Office said in a statement that "the proceeds of the loans granted to citizens last March were granted building loans. The number of grant transactions amounted to 29 transactions and loans of small projects amounting to 15 million dinars, where 19 loans were granted "He said.

The statement pointed out that "loans were lent to citizens wishing to buy apartments in Asmaya housing, was granted 305 transactions for citizens, was granted car loans to 21 transactions and lend transactions for financial facilities. In addition, loans were granted to other sectors.

[yota691]

Rafidain announces the outcome of the completion and granting of loans of various types to citizens

Economy | 10:02 - 17/05/2019

 

 

 

Baghdad - Mawazeen News 
Rafidain Bank, Friday, the outcome of the completion and granting of loans of all kinds to citizens during the month of March. 
The Bank's Information Office said in a statement received by Mawazine News that "the proceeds of the loans granted to citizens last March included granting of construction loans. The number of grant transactions was 29 and the loans of small projects amounting to 15 million dinars, Granting (19) loans ". 
The statement added that "loans were granted to citizens wishing to buy apartments in Samaya housing, as 305 transactions were granted to citizens," referring to "granting car loans to (21) transactions and lending transactions for financial facilities, in addition to granting loans to other sectors." 6 n

[yota691]

Rafidain launches 5 million loans for students, professors and researchers in postgraduate studies

 

Banks Economy News _ Baghdad The Rafidain Bank announced on Tuesday the launch of loans for students, professors and researchers in postgraduate studies in the Iraqi government universities and civil universities affiliated to the Ministry of Higher Education and Scientific Research.  The bank's information office said in a statement received by the "Economy News" a copy of it, "the granting of loans up to (five million dinars) for students and professors and researchers to cover the cost of their research."  He pointed out that "the loan term of up to two years and paid monthly with interest scheduled after one month from the date of grants."  He pointed out that "the applicant must provide the sponsor of a civil servant of the employees of the state departments not to exceed the deduction rate (50%) of the total salary and that there is no guarantee in the third party. Views 14   Date Added 21/05/2019

[yota691]

Central and Development

Tuesday 21 May 2019 34

 

Yasser Al Metwally

 

After the Central Bank of Iraq successfully exceeded its tasks through achieving monetary stability and stability of the market, which is the pillar of economic stability, he has tended to contribute to social and economic development programs as an additional task he chose for himself in support of the difficult conditions of the country.

But before embarking on the initiatives, I would like to clarify the important thing. "I did not want to promote the central bank, but from the point of view of the pros and cons of negatives in order to evaluate them, and a tendency of optimism, believing in the principle that it is not wise to spread laundry and focus on negative phenomena,

I return to the development role of the Central Bank, which culminated in its initiatives with support and funding for the project of afforestation of areas exposed to desertification and in cooperation with the Ministry of Agriculture. 

200 seedlings will be cultivated along the areas threatened with desertification across the country without burdening the state budget by any amount, as funding from the "Tamkeen Fund", which was established by the Central Bank in cooperation with the Association of Iraqi private banks, financed by private banks and exchange companies.

Here, the project will achieve economic feasibility that indicates the developmental role of this initiative, how?

Because these trees will preserve the areas suitable for agriculture from desertification and will protect the environment through its impact in reducing the effects of global warming, as well as the protection of cities and population from the effects of wind and sand dunes harmful, causing heavy losses of life and the agricultural economy.

The move comes at a time when trees and orchards have experienced a marked decline due to various reasons, including the unjust cutting of trees during the siege period and the denial of orchards of service and irrigation to hide the rats of terrorism in agricultural areas and wars witnessed by the country.

And such initiatives such as these I find important, especially that the Central Bank has provided a lot of community initiatives and development, including the project of Baghdad, which raised a license in most of the squares of Baghdad, which stems from the social benefits of companies, which financed the Tamkeen Fund, which is a financial container fueled by the private banking system, And other initiatives such as the 6 trillion dinars allocated to support small and medium enterprises, and support for young people and cancer patients and the project to support churches and others and other projects for roads and bridges are on the way to implementation

This voluntary development role is important in light of the reality of the country.

[6ly410]

Al-Rafidain grants loans amounting to 100 million dinars to universities, schools and kindergartens

Economy News _ Baghdad Rafidain Bank decided on Sunday to grant loans to the owners of universities, schools and kindergartens for all stages to expand their work. "In order to provide support to private schools and kindergartens and to contribute to the creation of the educational environment, it is decided to grant operational loans for the development of these schools," the bank's information office said in a statement. "Kindergartens were allocated 25 million dinars and primary schools were given 50 million dinars and middle and secondary schools gave them 75 million dinars," the statement said, adding that 100 million dinars were awarded to private universities. Views 48   Date Added 26/05/2019 http://economy-news.net/content.php?id=16742

[lmb4321]

Go Iraq...Invest in your Future.....