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

[6ly410]

http://www.alliraqnews.com/modules/news/article.php?storyid=76651

Al-Rafidain Bank announced the inclusion of the employees of the State departments of holders of the MasterCard card and the homeland paid their salaries from the bank exclusively five and ten million dinars.

"Employees with international and national MasterCard cards were covered exclusively by the bank with advances," the bank's press office said in a statement received by the agency All Iraq.

He pointed out that "the staff can go to the issuance stations of the branches of the Bank in Baghdad and the provinces for the purpose of submission electronically and complete the procedures for granting."

 

Edited August 13, 2018 by 6ly410

[navira]

Great news of course

[navira]

There is news about openness to the world n Iraq is taking steps to  improve the local stock market

[yota691]

All files of martyrs and wounded of the security forces and the popular crowd are resolved

14/8/2018 5:33 am   BAGHDAD / Tariq al-Araji  The National Pension Agency has completed all the pension files for the martyrs and wounded of the armed forces and the popular crowd, and while revealed the coordination with Rafidain Bank to increase the amounts of advances granted to retirees, stressed that the current completion of the pension treatment does not exceed 48 hours. The Head of the Ministry of Finance, Ahmed Abdul Jalil Al-Saadi, said in a special speech to Al-Sabah: "The Commission has focused during the last period on the completion of the martyrdom and wounded employees of the army and police and the popular crowd, stressing the success of completing their transactions in full and is currently carrying out the completion of the file of victims of terrorism, The Commission succeeded in completing a large part of it.  The process of calculating the salary and service of the retiree or his heirs has become a mechanism without the intervention of the human element.  Al-Saadi added that the current treatment is completed no later than 48 hours from the date of submission of the transaction in Baghdad and the governorates. He revealed the approval of the General Secretariat of the Council of Ministers to open a retirement division in each ministry or institution. And the completion of the treatment of pensions, pointing to the training of staff in those ministries send treatment on the system allocated in the Department of General Retirement, which shortens a lot of time and effort. Al-Saadi confirmed directly to the Authority the issuance of a new electronic identity for retirees containing 11 high quality security standards to prevent fraud in a pilot, in addition to direct and in agreement with financial companies, to provide payment service salaries and receivables through (mobile phone) for retirees in conjunction with the issuance of a decision of the Council of Ministers stresses the need The adoption of electronic payment cards self-exchange, noting that the Authority has a team coordinates with the Central Bank to launch the cards (Visa) and (Master) of  retirees. Director of Public Pension, revealed the coordination with Rafidain Bank to launch a new model for the loans of retirees, where the Commission was provided with good service and agreement on the crystallization of an immediate loan transparent away from favoritism, confirming the success of the Commission to achieve it. The loans currently range between (3 - 5) million dinars, noting that soon will be the launch of loans between (5 - 10) and (10-15) million dinars and through the Rafidain Bank   exclusively. He pointed to the agreement with the Rafidain Bank also and national industrial companies to provide loans have been defined loans to support the national industry, noting that it will be launched soon to support the national industry for the employment of labor, indicating that the simple loans for retirees used to buy furniture and household equipment, while will launch loans for the purchase of cars, In Mahmudiya specialized in this regard, noting that his department is in agreement with the Rafidain Bank and the car industry, such as buses, kiosks and pensions for retirees to contribute to improve their financial status.

[yota691]

Three million dinars for Iraq's recruits

 

Banks Economy News _ Baghdad Rafidain Bank announced the disbursement of a new meal of the advance of civilian and military retirees of three 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 pensioners has been paid to about 2502 retirees and the military pensioners' pension has been disbursed to 1,571 pensioners.  The statement said that the disbursement of this advance was by informing the pensioner by sending a text message informing him of the advance payment after completing all the legal procedures to grant it and disbursing it through the electronic payment tools for which the financial balance was filled. Views 25   Date Added: 14/08/2018

[yota691]

Al-Rafidain announces the commencement of the procedures for granting personal advances from employees to MasterCard holders

Editorial Date: 2018/8/15 9:02 • 130 times read

[Ain-Baghdad] 
Rafidain Bank announced the start of procedures to grant the five and ten million dinars to the employees of the state departments who carry the card MasterCard International.

"The employees of the state departments, whose salaries have been settled electronically at the bank, can apply for the advance electronically in its branches allocated to grants in Baghdad and the provinces," the bank's information office said in a statement received by the agency All Iraq. 
He pointed out that "the duration of granting the advance does not exceed a few days, after the employee completed all the necessary legal procedures and then notify him the date of receipt."

[yota691]

Al-Rafidain announces the start of procedures for granting personal advances to MasterCard holders

Readers

 

 

Al-Rafidain announces the start of procedures for granting personal advances to MasterCard holders

 

15-08-2018 02:48 PM

 

The Euphrates -

 

Rafidain Bank announced the start of procedures to grant the advance of five and ten million dinars for employees of the State departments who carry the card MasterCard International. 

A statement issued by the bank said that employees of the state departments, whose salaries were settled electronically at the bank, can apply for the advance electronically in the branches allocated to grants in Baghdad and the provinces. 

He pointed out that the duration of granting the advance does not exceed a few days after the employee has completed all the necessary legal procedures and then notify him of the date of receipt. 

[yota691]

Al-Rafidain announces the commencement of procedures for granting personal advances to MasterCard's employees

08:50 - 15/08/2018

 

 

 

BAGHDAD - 
Al-Rafidain Bank on Wednesday announced the start of procedures to grant the five and ten million dinars to the employees of the state departments who carry the card MasterCard International. 
"The employees of the state departments, whose salaries have been settled electronically at the bank, can apply for the advance electronically in the branches allocated to grants in Baghdad and the provinces," the bank's media office said in a statement. 
He pointed out that "the duration of granting the advance does not exceed a few days after the employee completed all the necessary legal procedures and then notify him of the date of receipt."

[yota691]

The Central Bank and the Association of Banks are organizing a seminar to discuss the SME loan initiative

 

Banks Economy News _ Baghdad In cooperation with the Central Bank and the Association of Iraqi Private Banks, the United Nations Development Organization (UNDP) organized a seminar on Wednesday to discuss the SME loan initiative at the Al Mahatta Hall for Entrepreneurship.  The seminar was attended by representatives of the Central Bank, the Association of Banks and a number of private banks contributing to the initiative as well as entrepreneurs for entrepreneurship.  "The SME loan initiative was launched by the Central Bank in 2015 to support the youth sector and stimulate them to create jobs by allocating one trillion dinars by the Central Bank as loans to banks," said Ahmed Ibrahim, head of the initiative committee at the Central Bank of Egypt. Which is part of the initiative, "noting that" the aim of the initiative to establish quality economic projects pilot and not classic projects. " "The central bank is seeking to empower more young unemployed people to take advantage of this initiative and turn to the private sector," Ibrahim said.  For his part, the banking adviser of the Association of Iraqi Private Banks Samir Nusairi, "The Association with the participation of the Central Bank are working on the development of visions and strategic plans to activate the work of the initiative and the establishment of new rules and conditions to facilitate the granting of loans to beneficiaries."  He pointed out that "one of the priorities of the Association is to pay attention to the graduates and provide employment opportunities to them by supporting their projects with the participation of the private banking sector." Views 197   Date Added 08/15/2018

[yota691]

16-08-2018 08:08 AM

In cooperation with Rafidain Bank to launch a new advance for retirees under the name of double and double

 

 

 

KI, in cooperation with Rafidain Bank, launched a new pension for retirees under the name of double and double. 

The head of the commercial department of the company Ahmed Kazem said that the advance comes to support the segment of retirees who receive their salaries through the card / Key MasterCard, where the beneficiary is given the amount of 3 million dinars or 7 million dinars repayment period of 60 months. 

Kazem pointed out that the advance is characterized by being easier and faster, as it does not require complicated procedures and without guarantor guarantor. 

In addition, international companies such as Visa, in its 2020 plan, are trying to make the authorization of the financial movements on its network be biometric, which makes the system of national pride on the one hand and on the other hand, Design and performance. 

The company's family includes more than 7 million beneficiaries across Iraq.

[yota691]

Rafidain: the exchange of a new meal of the predecessor of retirees

09:32 - 17/08/2018

 

 

 

Baghdad - Mawazeen News 
Rafidain Bank, announced Friday, the disbursement of a new meal of the advance of civilian and military retirees of three million dinars through electronic payment tools. 
"A new batch of retired civilian pensioners has been disbursed to 2502 retirees and the military pensioners' pension has been disbursed to 1,571 retirees," the bank's information office said in a statement received by Mawazine News. 
The statement said that "the disbursement of this advance was by informing the pensioner 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 was filled the financial balance to it."

[nannab]

Thanks Yota and have a great weekend DV  

[yota691]

Rafidain launches a double and double payment to support the retirees

 

The Rafidain Bank logo

Banks Economy News Baghdad Rafidain Bank announced on Saturday that it has launched a double and double payment for civil and military retirees through electronic payment tools. The bank's information office said in a statement received by Al-Iktissad News that an advance was made for the retirees electronically ranging from three million dinars or seven million dinars. "The advance comes to support the pensioners' segment and does not require complicated procedures and no guarantee guarantor." Views 34   Date Added 18/08/2018

[yota691]

Rafidain directs retirees covered by the advance double and double visit his branches

 

The Rafidain Bank logo

Banks Economy News Baghdad The head of Rafidain Bank, Sunday, a segment of retirees visited his branches dedicated in Baghdad and the provinces to give a double and double payment through electronic payment tools. The bank's information office said in a statement received by Al-Iktissad News that "an additional payment has been made to retirees who have been granted an advance payment of my fingerprint, which guarantees me in advance by e-card and without a sponsor." The statement pointed out that "the additional payment will be in the amount of 3 or 7 million dinars, and the retiree can make sure that the inclusion of the advance through the electronic link qicard.net/pla ." Views 19   Date Added 19/08/2018

[yota691]

Directing bank loans

Author: Yasser Metwally 19/8/2018 12:00 AM Just as loans enjoy beneficial benefits for citizens and the economy, they also have disadvantages according to the country's economic situation.  In order to clarify these advantages and their implications, we must be familiar with some of the relevant economic concepts that contribute to correcting the course and trends of the economy according to the need in a specific situation such as the country is going through and the large size of unemployment and its impact in delaying the desired economic growth of any country.  Austerity is one of the most prominent concepts to be defined for comparative purposes in loan orientations.  Austerity is an economic concept and its simple meaning is to abolish consumer desires or postpone them according to the economic conditions that the country is undergoing.  He has faced this concept and faces objections and criticisms by some for reasons that appear to be true and false  Opponents of austerity may rely on the situation of deprivation experienced by the citizen during the period preceding the stage of change as a result of the siege and the wars that Iraq has fought in the defense of the rightness of something is many and correct and for the purpose of compensation deprivation has been unleashed for import until the commercial market is flooded to eliminate the need for local production.   The phenomenon of excessive consumption, which was accompanied by the beginning of the rise in purchasing power of citizens and has been replaced by deprivation and overcrowding and overcrowding led to irrational consumption in some cases.  Over time, due to the lack of production and the cessation of production projects, industrial and agricultural, because of their inability to compete with the importer. Therefore, the need to curb the consumption of irrational here is the point of going back to the subject of the subject of the guidance of loans and directions in order to reduce excessive consumerism How?  Most banks, especially the government, including some private banks have been encouraged to lend to citizens,   taking advantage of the success achieved by monetary policy in the placement of salaries as a sure guarantee for the recovery of loans and went to the dedication and competition to launch loans, but most of them are forgotten in the aspects of luxury that increase the volume of excessive consumption.  The need to direct these loans for the purpose of creating jobs on it must be quick decisions taken by the concerned parties and responsible for the policies of lending austerity in financial loans and prevent them indefinitely and directed towards development projects and effective and intended for employment opportunities for unemployed youth. From here we can look at the advantages of loans and their disadvantages to cross and address the difficult stage experienced by the country because of unemployment and solidarity responsibility borne by everyone and sorry to those who did not satisfy the opinion point of view is not binding only.

[yota691]

How banks create money

 

Articles Amjad Salama On June 10, 76 percent of Swiss voters voted "no" in the referendum on the Swiss sovereign wealth initiative. This "initiative" was a bill that limits the legitimacy of creating money in the Swiss Central Bank without the rest of the banks in the country. But how do banks create money? Is not the task really assigned to the central banks alone? In our popular imagination money is the currency, the currency is money, but this is a minor definition of grasping the meaning of money from an economic perspective. Economics defines money as everything that constitutes an exchange environment and a unit of accounting and storage of value. Based on this definition, the amount of money in the world today is very large, and currencies are part of it. Most economists estimate that only 8 percent of the amount of money traded around the world is from paper and metal currencies. In the modern banking system, central banks create money in many forms, including paper currency, while banks create money in another way because they do not have the right to create money in the form of paper money. So how? They create money through loans, they give loans beyond their assets, and not only to lend what is deposited or what the central banks only lend, but lend to weaken it. Of course, the expansion of this lending is governed by a mathematical equation linked to the reserve ratio of deposits held by banks and imposed by central banks. For example, if the ratio of 10% is equivalent to the value of the maximum multiplier = 110% = 10, the bank is entitled to lend up to ten times the remaining deposits in the bank after deducting the reserve. While teaching curricula in universities put this process under the authority of the Central Bank through the bank reserves in the form of loans, but many researchers in this area and a lot of experts in global central banks say this model comes out of the process of creating money from the hands of central banks And concentrated in the hands of private banks. The thrust of the Swiss draft resolution was to prevent banks from lending more than their deposits, which means they can not lend more than they have. But trying to envision a system of creating different money means the end of the financial system as we know it, and it is difficult to predict what will happen to the financial markets and economies if the process of creating money is more difficult, and controlled by central banks exclusively. For the Lebanese "news" Views 7   Date Added 21/08/2018

[yota691]

Rafidain launches a new meal from his predecessor to the staff

Release Date: 2018/8/27 8:25 • 157 times read

[In Baghdad] 
Rafidain Bank launched a new meal of the advance of employees of the State Departments, which ranged between five and ten million dinars through electronic payment tools.

"A new batch of State Department employees has been disbursed to 1,438 employees," the bank's press office said in a statement received by the All Iraq agency. 
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."

[yota691]

27-08-2018 11:05 AM

The launch of a new meal of the advance of the staff of the State Department through electronic payment tools

 

 

 

Rafidain Bank, on Monday, a new meal of the advance of employees of the State Departments, which ranged between 5 to 10 million dinars through electronic payment tools. 

The bank's information office said a new batch of State Department employees had been sent to 1,438 employees. 

He added that 'disbursement of this advance was by informing the employee by sending him a text message informing him of the advance payment, after he completed all legal procedures to give it and disbursement through electronic payment tools, which was filled the financial balance to them.'

[Big_J]

GM YOTA AND DV. 

[yota691]

Rafidain takes a new meal of two and a half times for retirees

28-08-2018 01:44 PM

Readers

 

Baghdad News -

 

 

Rafidain Bank announced the disbursement of a new meal of a double and double allowance for civilian and military retirees through electronic payment tools.

 
The bank's press office said in a statement that a new batch of two and a half payoffs for civilian and military retirees had been issued to more than 10,000 retirees, pointing out that the salary of the weak and weak is estimated at 3 million to 7 million.

 

The statement said that the disbursement of this advance was by informing the pensioner by sending a text message informing him of the advance payment after completing all the legal procedures to grant it and disbursing it through the electronic payment tools for which the financial balance was filled

 

 

 

[yota691]

Rasheed Bank announces new advances to state employees

 

Editor Rafid Sabar - Wednesday, 29 August

 

Alsumaria News / Baghdad   Rasheed Bank announced on Wednesday that it would grant new advances to state employees without a guarantor.   The bank said in a statement received by Alsumaria News that "the Board of Directors of the Bank decided, today, to grant an advance Nakheel for all employees of the State Departments, which has settled salaries with the bank and the departments wishing to settle the amount of (5) million dinars," noting that the advance " guarantor".     The bank added that this "advance in addition to the ten million dollars previously announced," calling on all departments to "accelerate the signing of settlement contracts and activation of the card who signed the contract previously for the purpose of giving them advances above."   On 3 May 2018, Al-Rasheed Bank announced that the employees of government departments who completed their salaries would be paid an advance of 10 million instead of 10 nominal salaries.

[6ly410]

http://www.shafaaq.com/ar/Ar_NewsReader/a5391897-9d2b-475f-aec9-16f673e30f86

 

Al-Rafidain Bank launched a new meal from the advance of the employees of the State Departments, which ranged between 5 and 10 million dinars through electronic payment tools (Master Card).

The bank's information office said in a statement today that a new batch of State Department employees had been paid by Master Card International to about 1515 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 the electronic payment tools, for which the financial balance was filled.
 

 

 

 

 

[ChuckFinley]

Really like seeing a positive bank story get a lot of press. That need to build confidence in their banking sector with their citizens.  

[yota691]

Rafidain and the company to launch a new loan within the program

01/09/2018

 

 

 

(Independent) .. The Rafidain Bank in cooperation with the company K-loan new retirees, which allows access to the amount of 3.5, 8, 10 million dinars.

"The partnership between the bank and the company provided the best system for the funding of retirees with easy financial advances, pointing out that the advances are provided to card holders and MasterCard." 
He pointed out that "the multiplicity of products and their accessibility reflects the development of payments in the country, with the adoption of sophisticated technology in line with the instructions of the Central Bank, which urges its adoption to improve the payments in all regions of Iraq and expand the area of financial coverage "He said. 
"The possibility of obtaining the advance through the branches of the Rafidain Bank spread across the country, and document the loan application easily through the fingerprint and authorize the bank to deduct the amount of payment."
He pointed out that "the company has modified some procedures to cover the MasterCard cards based on the PIN code to verify the cardholder and included in the initiative of lending from Rafidain" my fingerprint guarantee "after due diligence and aspire to make the footprint option is also available on Mastercard cards within the new product plans Of 2019 ". 
He said that "the national company is working to provide products that do not burden the Iraqi citizen and easy and does not carry the additional financial burdens, and international companies such as Visa seeks in its plan for 2020 to make the authorization of financial movements on the network is biometric way, which makes the system of national pride on the one hand Design and performance ". 
The company's family includes more than 7 million beneficiaries across Iraq

[yota691]

Al-Rafidain and K (K) are launching a new loan within the program

 

Banks Economy News _ Baghdad Al-Rafidain Bank in cooperation with (K) launched a new loan for retirees, which allows the receipt of the amount of 3.5, 8, 10 million dinars.  "The partnership between the bank and the company provided the best system to finance retirees with soft financial advances," said Ahmed Kazem, commercial director of KI, in a statement read by Al-Iktissad News. "The advances are provided to the cardholders and the MasterCard."  He pointed out that "the period of repayment extends to 60 months," noting that "the multiplicity of products and their accessibility reflects the evolution of payments in the country, the adoption of sophisticated technology harmonized and the instructions of the Central Bank, which urges adoption to improve payments in all regions of Iraq and expand the coverage area Financial. " He pointed out that "the possibility of obtaining the advance through the branches of the Rafidain Bank deployed throughout the country, and document the loan application easily through the fingerprint and authorize the bank to deduct the amount of payment," noting that "the loan is provided to beneficiaries of card holders and MasterCard.  He pointed out that "the company has modified some procedures to cover the MasterCard cards based on the PIN code to verify the cardholder and included the initiative of lending from Rafidain" my fingerprint guarantee "after due diligence operations and aspires to make the footprint option is also available on Mastercard cards within the product plans New 2019 ". He added that "K National Company is working to provide products that do not burden the Iraqi citizen and easy and does not carry the additional financial burdens, and international companies such as Visa seeks in its plan for 2020 to make the authorization of financial movements on the network is biometric way, which makes the system of national pride of Design and performance. "  Kee's family includes more than 7 million beneficiaries across Iraq. Views 64   Date Added 02/09/2018