The Association of Private Banks signs Memorandum of Understanding with Mustansiriya University

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Association of Private Banks organizes a workshop on safety requirements for financial transfer systems

 

Economy News Baghdad:  On Wednesday, the Association of Iraqi Private Banks organized a workshop in cooperation with KMPG International on the safety requirements of financial transfer systems and was attended by 100 employees of Iraqi and foreign banks operating in Baghdad.  "This workshop comes at a very important time is the insistence of Iraqi banks to open up to regional and international banks and enhance confidence between them to reflect positively on the banking sector," said Wadih al-Hanal, head of the Association of Iraqi Private Banks, during the workshop. He added that "compliance with the requirements of safety requirements in the financial transfer systems will show the extent of the commitment of the Iraqi banking sector to apply the latest international standards in the banking sector and will contribute to strengthen the positions of Iraqi banks to establish relationships with correspondent banks," noting that "the presence of the Central Bank for most workshops held by the Association of Private Banks A significant indication of its importance because it is part of its strategy to be implemented during the next five years. "   Views 10   Date Added 20/09/2017

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The Association of Private Banks holds a risk management training course

 

Economy News Baghdad: A training course was launched for five days at the headquarters of the Association of Iraqi private banks with the participation of 45 employees working in banks and under the supervision of the Central Bank. The director of the administration and training in the Association of Iraqi private banks, Ahmed al-Hashemi, "Economy News", "under the auspices of the Central Bank of Iraq and in cooperation with the Department of Risk Management set up a training course organized by the Association of private banks under the title (training course for risk management in banks) with the participation of 45 bank employees "Noting that" this course will be for five days a month and over three months. " "The objectives of the training course are to prepare and qualify a banking cadre capable of building and implementing the risk management framework in accordance with international standards and raising the capabilities of the employees in the risk management departments to implement the steps of the risk management process," he added. "He said.   Views 138   Date Added 09/10/2017

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The Association of Private Banks signs Memorandum of Understanding with Mustansiriya University

 

Economy News Baghdad: Under the auspices of the Central Bank of Iraq, signed on Tuesday, the Association of Iraqi private banks, a memorandum of understanding with the University of Mustansiriya to develop and support frameworks of mutual understanding in the areas of professional and training applied comprehensive and exchange of experiences.   "The Association of Iraqi Private Banks signed a memorandum of understanding with the Mustansiriya University in the areas of training, training and consultation and supporting common understanding frameworks," said Wadih al-Hanal, head of the Association of Iraqi Private Banks. In the areas of professional and comprehensive applied training and exchange of experiences. "  He added that "areas of cooperation in accordance with the memorandum includes the development of accounting materials to comply with international standards and the training and qualification of academics working at the University of Mustansiriya," noting that "  He pointed out that "this agreement comes in implementation of the strategy of the Central Bank and achieve the process of financial inclusion and rehabilitation of students in the administration and economy to get jobs in and outside Iraq in the financial sector."  On the sidelines of the signing of the MoU, Mustansiriya University President Sadiq Al-Hamash said, "The memorandum comes at a very important time in our desire to keep abreast of the developments in the financial and banking sciences." Al Mustansiriya University is ready to make this agreement successful because it will Education ".  Al-Hamash praised the projects established by the Association of Iraqi Private Banks to support the displaced people and the Al-Baghdad project, which aims to develop 20 squares in Baghdad.  After the signing of the memorandum, a meeting was held between the delegation of the Association of Iraqi Private Banks, which includes a number of consultants and technicians headed by Al-Hantal to explain the terms of the agreement with a delegation of professors of Al Mustansiriya University under the chairmanship of the Vice President for Scientific Affairs Fawzi Al-Hiti.  "I have proposed to the Ministry of Higher Education and Scientific Research to represent the banking sector in the college councils because it will reflect positively on the reality of education by keeping pace with the development in this vital sector," said Fawzi Al-Hiti, assistant to the university's president for scientific affairs.  "The implementation of this agreement will make our students have a good opportunity in the labor market, especially in the banking sector."   Views 221   Date Added 10/10/2017

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Academic - banking cooperation to invest young energies

12/10/2017 12:00 am  Baghdad / Farah Al-Khafaf    A financial expert expected that the coming period will see more cooperation between the public and private sectors, which contributes to the advancement of the Iraqi economy through relying on the young and talented people.  Thamer al-Azzawi praised in a statement to "morning", the step of signing the Association of Iraqi private banks a memorandum of understanding with the University of Mustansiriya to develop and support frameworks of mutual understanding in the areas of professional and training applied comprehensive and exchange of experiences.  Al - Azzawi said: "Cooperation in the investment potential of young investment is successful, especially that the people of Iraq is one of the ages of the young people , " likely the success of this experiment, and strive to open up broader prospects for these energies. " Financial transactions He added that "the capital market needs to pump new blood, and ideas are wonderful, especially that the former regime was dealing with nostalgia, and backward mentality and old," calling on all parties to develop the concepts of work and adoption of modern technology in financial transactions, praising at the same time the recent orientation of banks, Such as the Iraqi Trade Bank, Rafidain Bank and Rashid to adopt advanced technologies. Exchange of experiences In turn, the President of the Association of Iraqi private banks Wadih al-Hanal during the signing of the memorandum with the President of Mustansiriya University, Dr. Sadiq al-Hamash: "The Association of Iraqi private banks signed a memorandum of understanding with the University of Mustansiriya in the areas of rehabilitation, training and consultation and support frameworks of mutual understanding in the areas of professional and training applied comprehensive Exchange experiences. " International standards He added that "the areas of cooperation in accordance with the memorandum includes the development of accounting materials to comply with international standards and the training and qualification of academics working at the University of Mustansiriyah," noting that "this agreement lasts for two years from the date of signature."  He pointed out that "this agreement comes in implementation of the strategy of the Central Bank and achieve the process of financial inclusion and rehabilitation of students in the administration and economy to get jobs in Iraq and abroad in the financial sector." Keep abreast of developments on the other hand, President of the University of Mustansiriya said on the sidelines of the signing of the memorandum: " The memo comes at a very important time is our desire to keep pace with the development in the financial and banking sciences," adding that " the University of Mustansiriya is ready for the success of this agreement because it will be reflected positively on the  education . " .  Al-Hamash praised the projects established by the Association of Iraqi Private Banks to support the displaced people and the Al-Baghdad project, which aims to develop 20 squares in Baghdad.  After signing the memorandum, a meeting was held between the delegation of the Association of Iraqi Private Banks, which includes a number of advisers and technicians to explain the terms of the agreement with a delegation of professors of Mustansiriya University.  "I suggested to the Ministry of Higher Education and Scientific Research that the banking sector be represented in the councils of the faculties, because it will positively reflect on the reality of education by keeping pace with the development of this vital sector," said Fawzi Al-Hiti, assistant to the university's president for scientific affairs.  "The implementation of this agreement will make our students have a good opportunity in the labor market, especially in the banking sector"

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President of the Association of Private Banks discusses with the delegation of the Academy of Youth Rehabilitation of the labor market

 

Economy News Baghdad: The President of the Association of Iraqi Private Banks, Wadih al-Hanchal, discussed with a delegation from the universities of Baghdad and Mustansiriya the scientific methods for qualifying university youth for the labor market. "The agreement signed two days ago by the Association of Private Banks with the University of Mustansiriya aims to enhance the confidence and knowledge of Iraqi youth through the development of accounting materials to comply with international standards," Al-Hantal said during a meeting with the academic delegation that visited the headquarters of the Association of Private Banks in Baghdad. He added that "the Association of Iraqi private banks has developed an integrated work program to develop the capacity of students of the faculties of management and economy through agreements with Iraqi universities, which includes the establishment of training courses for faculty members and change curricula in line with the modernity used in the financial sector and the optimal use of smart devices. He pointed out that "these agreements aim to create a conscious generation of young people believe in work and correct the course of the Iraqi economy by cloning global experiences and their application in Iraq with the creation of experiences that keep pace with the nature of Iraqi society and preserve its identity." For his part, the Executive Director of the Association of Private Banks Ali Tariq a small presentation showing the achievements of the Association of private banks during the past years. "The Association of Private Banks is working hard with universities to develop human capabilities and instill a spirit of work and competition among young people to positively reflect on the country's economy," said Tariq. On the other hand, the financial advisor Obaid Mahal, the need to be a master's and doctorate is an effective way to address the challenges faced by the country, indicating that the agreement signed with the University of Mustansiriya will develop the element of human capital. He called on all parties concerned with economic affairs from civil society organizations and all ministries to use the universities to solve their problems, like the one that accompanied the first initiative. On the other hand, the banking expert Abdulhussain Al-Mundhiri pointed to his practical experience after graduating from the Faculty of Management and Economics and how to develop his accounting capabilities. He called for the need to train college students in banking and financial institutions to prepare them for practical life. In an intervention by Dr. Safwan Qusay from the University of Baghdad, he focused on the important aspects of the cooperation and partnership between the university and the Association and called for the need to benefit from the global experiences in this area through the business community to adopt certain specialties in the university and thus provide employment opportunities for them.     Views 53   Date Added 10/12/2017