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{The Millions of Arabs} discuss a series of economic reports


yota691
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I like this - ongoing training of major sectors and increased cooperation

 

"We are honored to come to Iraq after these years and I can assure you that it will not be the last, but multiple visits each year through other initiatives and workshops and technical assistance in the areas of economic and capacity building and participation in conferences and accommodation," Al-Humaidi told Al-Iktissad News. High-level meetings

 

Lets go ! ! !

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  • yota691 changed the title to Launch of the annual conference of the Union of Arab Banks in Beirut with the participation of Iraq
 
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 Banks


Economy News - Baghdad

The Arab Banking Conference, sponsored by Lebanese Prime Minister Saad al-Hariri, started in Beirut on Wednesday morning with a broad Arab banking participation, including the presence of a prominent Iraqi banker, represented by a delegation comprising representatives of state and private banks and the Association of Iraqi Private Banks .

A delegation representing the Central Bank of Iraq, led by Deputy Governor Munther Al-Shaikhli, will participate in the conference .

The conference will be held this year under the theme "Public-Private Partnerships to Achieve Development Goals" in conjunction with the 45th anniversary of the Union of Arab Banks .

The conference was launched by the President of the Association of Banks in Lebanon, Joseph Tarabi, who stressed that the partnership between the private sector and the private sector is the economic lever for any sustained economic growth and ensuring decent living .

The opening ceremony was held on behalf of Lebanese Prime Minister Fouad Siniora, the former prime minister .

She then addressed the participants of the conference, which reviewed the importance of the banking sector in the economic advancement and sustainable development in the Arab world and achieve the required reforms of the economies of the Arab countries, noting the importance of partnership between the public and private sectors, especially in banking as an essential element for achieving development.

The words stressed the need to face the challenges facing the banking business in the Arab world and the risks to which it is exposed, including the search for innovative sources of financing, and achieve the goals of sustainable development in the economic, social and educational dimensions

The words called for providing an environment conducive to the success of the private sector and creating a balance between profitability and community service

The words proposed the establishment of a regional institution to activate the activity of the private sector and take practical steps to address the risks.

In his address to the conference, the Chairman of the Union of Arab Banks Mohammed Jarrah Al-Sabah stressed the importance of mobilizing all the energies of society, especially the public and private sectors to achieve real participation and development and provide services to society.

He called on the Arab countries to encourage the private sector and provide an environment conducive to economic and social development, attracting investments and achieving effective partnership between all Arab financial and economic activities.

For his part, Chairman of the Arab Monetary Fund Abdul Rahman Al-Humaidi pointed out that the partnership between the public and private sectors has become the concern of all Arab governments in view of the importance of this partnership and its great impact on the level of emerging economies and the fight against unemployment, which amounted to 15% throughout the Arab world .

He also stressed the importance of supporting small and medium enterprises and raising the efficiency of the public sector and achieving partnerships between it and the private sector, stressing the existence of significant opportunities for Arab banking activity in financing development projects, pointing to the importance and role of central banks in maintaining the value of national currencies against the basket of foreign currencies.

He reviewed the activities of the Arab Monetary Fund, including the Arab clearing system to encourage the use of negotiable Arab currencies, reduce the cost of remittances and enhance the confidence of correspondent banks in Arab banks.

For her part, Minister of Planning in Egypt Hala Al-Saeed reviewed the activities of Egyptian banks, especially investment in infrastructure projects, including solar energy projects and the establishment of new cities with economic and social dimension.

And limited government projects in supporting small and medium-sized enterprises and achieving managerial competition.

She pointed to the importance of developing the financial sector and its transition to digital transformation as one of the developmental goals, and achieving financial coverage to include all sectors of Egyptian society.

Fouad Siniora delivered the speech of Lebanese Prime Minister-designate Saad Hariri expressing his wishes for the success of the Arab financial and banking activity .

He stressed that there is no title to address the title of public-private partnership adopted by the conference as a logo

He pointed out that the increase in debts is one of the most serious challenges faced by Arab economies, noting the importance of achieving reforms, encouraging the private sector, financing projects, developing innovative methods in this field and not relying on government budgets. He urged institutional frameworks for the private sector in general and the private banking sector in particular. To provide the necessary capital to establish projects and create new jobs and create laws for public-private partnership to create a locomotive to lead the sustainable development and the formation of large investment opportunities

He noted the preparations made by the government to hold the Arab Economic Summit in Beirut soon, calling on the Arab financial and banking sector to participate extensively in the summit hosted by Lebanon.

At the end of the opening session of the conference, the Union of Arab Banks honored Abdulrahman Al-Humaidi, Chairman of the Arab Monetary Fund, and Mr. Abdullah Al-Saudi, Chief Executive Officer of Bahrain's Financial and Investment Consultants.


Views 53   Date Added 11/15/2018

 
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53 minutes ago, yota691 said:

He reviewed the activities of the Arab Monetary Fund, including the Arab clearing system to encourage the use of negotiable Arab currencies, reduce the cost of remittances and enhance the confidence of correspondent banks in Arab banks.

 

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 money and business


Economy News Beirut:

The annual Arab banking conference held the first working session in the presence of a large crowd of businessmen, businessmen and bankers, including a high-ranking Iraqi banking delegation .

The participants discussed the partnership among the Arab countries, the requirements of the success of public-private partnership and the challenges of sustainable development in the Arab region .

The participants also discussed the partnership between the public and private sectors, civil society in Arab countries, partnership between Arab countries, international organizations and development banks . The speakers focused on the importance of financial coverage and the launching of poor or low-income banks to help SMEs to establish small and medium enterprises.

The speakers, who represent the financial and business institutions in various Arab countries, focused on devising ways to encourage the owners of funds to deposit their money in banks and to open savings accounts for all segments of society in the framework of the strategy of financial inclusion and raise the banking awareness among citizens of Arab countries at all levels.

During the second session, speakers focused on the success of private and public banks in participating in economic and social development.

The participants explained the requirements of achieving development in the Arab countries through the activation of foreign investment, stressing the importance of focusing on the development of agricultural and industrial projects that reduce the volume of imports from abroad.

During the session, extensive discussions were held between the participants and the session management, which dealt with the management of development and the regional dimension required to achieve partnerships in the agricultural field in particular and to accelerate investment in this field.

They also noted the importance of involving the private sector in the management and leadership of development in Arab countries .


Views 126   Date Added 11/15/2018

 
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  • yota691 changed the title to Arab banking conference resumes its work in Beirut for the second day in a row
 
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Part of the second day of the annual banking conference organized by the Union of Arab Banks
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Economy News Beirut:

The annual Arab banking conference resumed in Beirut on Friday for the second day in a row with the participation of a wide range of Arab banking leaders, including Iraq.

The first morning session was chaired by Iyad al-Asali, general manager of the Arab Islamic International Bank in Jordan, with the participation of a number of banking leaders, including Deputy Governor of the Central Bank of Iraq Munther Sheikli.

During the meeting, a number of participants addressed topics related to renewable energy, how to create an environment conducive to innovation, establishment of projects, investment in human capital, government initiatives and technical progress .

The research focused on the importance of innovation in entrepreneurship and achievement of success and the establishment of institutions and networks in this area, and noted the role of financial institutions in supporting innovations and embrace innovators and entrepreneurs.

 
Views 18   Date Added 11/16/2018
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Samir Nusairi
  

 Articles
Samir Nusairi


For two consecutive days on 15 and 16 November, the annual Arab Banking Conference of 2018 was held in Beirut under the theme "Public-Private Partnership to Achieve Sustainable Development Goals". The conference discussed the experiences of some Arab countries involved in activating the partnership between the public and private sectors in achieving successful experiences in achieving financial inclusion and empowering women and youth. It was reached through the discussions of the conference's axes and sessions that the Arab countries suffer from the non-activation of the laws of the legislative environment and the institutional building. The realization of the goals of sustainable development and the real partnership between the public and private sectors are coordinated and inter-connected between the public and private sectors, banking, civil society, international organizations, universities and research centers. I have formed visions and proposals to activate the partnership in Iraq in the light of the dialogues of the conference and research, which presented the data and the methodology of the government of the cabin of Dr. Adel Abdul-Mahdi for the years (2018-2022) and what actually contributes to the development of As a nation in below: -

In order to achieve this, there must be a clear role and a decree program to involve the private sector in the management of the economy and economic and development decision-making. This is achieved through the rebuilding of the institutional and legal structure of the private sector in the legislative, motivational and procedural aspects in a manner consistent with the objectives of the government program The private sector for the years (2014-2030) launched by the government in February 2015, to start these programs immediately, the establishment of mechanisms to involve the private sector in the national economic decision-making, in particular the development of the private banking sector and the completion of construction of Tin and sober and restore confidence to deal with him and to attract the monetary mass compacta outside the banking system, which constitute up to 77% of the monetary mass in circulation according to a comprehensive look to stimulate in all production sectors, including mainly in agriculture, industry and construction (housing and construction), energy, services and tourism, and adopt the government and the representations sector

(2018-2022) already years of support system" rel="">support and activation and development of the private sector .

Institutional building of the private sector :

In order to achieve this, the government must first establish a higher council for the development of the private sector consisting of representatives of the private sector and the government. It will manage, supervise, review and evaluate the programs and policies set for making the decisions required to achieve the central economic goals through partnership and cooperation between the private and public sectors. The Council shall be represented in the opinion bodies of the ministries concerned with sustainable development. Its chairman shall be an active member. He shall attend all meetings of the Council of Ministers to express opinion in private sector discussions. The private sector shall also be represented in follow up committees and specialized committees in the Council of Ministers. Private as the primary responsible for financing and lending to SMEs and housing and reconstruction projects .

Therefore, I see that the stage and experience that Iraq has been living economically since 2003 needs an analytical and evaluative pause and review in order to build its national economy according to a new strategic vision to move to a market economy according to a program prepared by the government and approved by the Iraqi Council of Representatives. Which highlights the role of the private sector and the role of banks in development, which emphasizes the need to apply important stages towards building a strategy for the development of the economy and support system" rel="">support and development of the private sector to take its role in contributing to the new construction of the economy and diversify its resources to the budget without relying penny Great on

Oil .

In order to discuss and study the economic reality that Iraq is going through, it is necessary to stand up with logical, scientific and economic analysis on the most important axes that require finding solutions and solutions to the challenges and charting a roadmap for the implementation of the strategy of developing the private sector by the government and the private sector in all its banking, industrial, agricultural and service sectors. Develop trends that meet medium, long and long term goals. This means involving the private sector in a larger role

In economic decision-making and market leadership through the following :

Partnership Vision (2018-2022 )

1 - Contribute to improve the business environment in Iraq and provide an encouraging investment climate to attract national capital. And promote public-private partnerships

2. Contribute to the creation of a new legislative environment based on its reference to article 25 of the permanent constitution and strategies and laws for economic reform and development of the private sector to ensure its activation and leadership of the market in the future.

3. Sustain and activate partnership, dialogue and cooperation between the private sector and the government through activating the partnership law, which has not been implemented for several years

4. Contribute to the development of policies, mechanisms and strategies and participate in the follow-up of their implementation to resolve the transition to stages programmed time to market economy

5. Work to provide additional sources of funding to the state budget by adopting the development and diversification of resources towards increasing the proportion of resources other than oil in GDP

6. Encouraging the establishment and development of micro, small and medium enterprises to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose, issuing a special law for these projects and establishing a sovereign fund for youth empowerment.

7. Cooperation in ensuring the implementation of central plans in providing infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism, mineral wealth, energy and services

8 - Activate the role of specialized banks and private banks to provide soft loans to the national private sector as well as finding solutions to the problems of taxes and accrued interest of the owners of projects suspended production and the development of short and medium - term financial policy

9. Coordination and cooperation with the ministries and financial and statistical institutions involved in building a financial and statistical information base and ensuring transparency

10. Active participation with the government in the implementation of procedures to restructure public companies and facilitate partnerships with the private sector

11. Contribute to ensure quality standards for local and imported products and services

12 - Cooperation and contribute with relevant institutions in the rehabilitation and training ofspecialized human resources in the sector Acial.13- encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to speed up legislative amendments to achieve this goal

Advisor to the Association of Iraqi Private Banks


Views 30   Date Added 16/11/2018

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Annual Arab Banking Conference concludes in Beirut and issues a final statement

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 Banks

Economy News Beirut:

The Arab Banking Conference, held under the theme "Public-Private Partnership for Sustainable Development "

The delegation was attended by delegations representing the financial and banking institutions in the Arab countries, including a delegation of Iraqi high banker headed by Deputy Governor of the Central Bank of Iraq Dr. Munther Sheikhli, as well as a delegation from the Association of Iraqi private banks.

The two-day conference held five working meetings during which several important topics were discussed, including public-private partnership, achieving sustainable development objectives, integration and financial inclusion of women and youth, and the role of governments and central banks in achieving sustainable development.

At the conclusion of its two-day meetings, the conference issued a final communiqué addressing the ideas and recommendations reached to activate these points and put them into practice in the Arab world.

Also on the sidelines of the conference on the occasion of the 45th anniversary of the establishment of the Union of Arab banks honored a number of successful Arab banking and financial leaders, including the President of the Association of Iraqi private banks Wadih al-Hanal and the role of the Association prominent in the development of the Iraqi banking sector, and his personal contribution to the project Baghdad, The Chairman of the Board of Directors of Jihan Bank was honored for the successes achieved by the Bank during the previous period.

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http://economy-news.net/content.php?id=14395

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  • yota691 changed the title to Annual Arab Banking Conference concludes in Beirut and issues a final statement
 
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Economy News Beirut:

On the occasion of the 45th anniversary of the founding of the Union of Arab Banks, the Federation honored the President of the Association of Iraqi Private Banks Wadih Al-Hancal with the Federation's Shield and received the award on behalf of Al-Hantal, Executive Director of the Association Ali Tariq.

Wissam Fattouh, secretary-general of the Union of Arab Banks, said that Al-Hantal deserved this award due to his continuous efforts in promoting and developing the Iraqi banking business and for his great role in completing the Baghdad project, which was the development of more than 20 squares in the Iraqi capital

During the ceremony, during which a dinner was held for the participating delegations, Cihan Bank was honored with a similar pledge received by the Chairman of the Board of Directors of the Bank

The Arab Banking Conference started its work in Beirut on Thursday with the participation of representatives of financial institutions and banks in the Arab countries under the slogan of partnership between the public and private sectors to achieve the goals of sustainable development, and continue for two days


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Union of Arab Banks Honors the President of the Arab Monetary Fund the Leadership Vision Award 2018
 
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 Banks


Economy News _ Baghdad

The Union of Arab Banks honored the Chairman of the Board of Directors of the Arab Monetary Fund Abdul Rahman Abdullah Al-Humaidi with the "Leadership Vision 2018" award in recognition of his efforts to strengthen coordination between the Arab economic, financial and monetary authorities and to support the opportunities for financial inclusion. 
In the presence of Fouad Siniora, the representative of Prime Minister Saad Hariri, Prime Minister of the Republic of Lebanon, Riad Salameh, Governor of the Banque du Liban and Sheikh Mohammed Al-Jarrah Al-Sabah, Chairman of the Council of the Union of Arab Banks.
The Director-General of the Arab Monetary Fund, Dr. Abdulrahman bin Abdullah Al-Humaidi, received the award for his outstanding role in enhancing coordination and cooperation between the various economic, financial and monetary authorities in the Arab countries and supporting the efforts and efforts of the Arab countries to achieve stability. As well as its efforts to follow up the implementation of the Arab clearing system and its advantages in promoting intra-Arab trade and investment, regional financial integration and the use of Arab currencies. " 
For his part, Hamidi expressed his wishes to the Union of Arab Banks and the Secretariat of the Union to continue successes and achievements in the service of Arab banking, and expressed his pleasure with this award to all his colleagues, either in his previous responsibilities in the Saudi Arabian Monetary Agency or currently in the Arab Monetary Fund.


Views 34   Date Added 18/11/2018

http://economy-news.net/content.php?id=14399

 

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I do believe they are  looking a bit  tired  of  the  same  old  crap them selves   ....    awards  for this awards for that  ....    (  it  really looks like  they are thinking the same as we are -----  lets get  the  dinar values  up  for our  people ,  then  we can celebrate !  ) 

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  • yota691 changed the title to Central Bank and Development Participate in the Annual Arab Banking Conference
 
Editor Ammar Tariq - Monday 19 November
 
 
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Alsumaria News / Baghdad , 
attended the Iraqi Central Bank and the International Development Bank, the Annual Arab Banking Conference, while the Central Bank of Development Bank praised the important role and effective efforts by senior management in order to provide the best banking services. 

The conference was held in the Lebanese capital of Beirut from 15-16 November, coinciding with the 45th anniversary of the founding of the Union of Arab Banks.

 

 


The participation of Iraqi banks to the International Development Bank represented by the Chairman of the Board Ziad Khalaf Abdul. 

The central bank side was also attended by Deputy Governor Munther Abdul Qader Al Shaikhli and the Bank's Public Relations Manager. 

All participants praised the role of the International Development Bank in communicating with the banking activities established by the Union and its keenness to communicate with Arab banking events. 

The Chairman of the Board of Directors Ziad Khalaf during the conference on the importance of "partnership between the public and private sector to achieve the goals of sustainable development." 

The visit included a visit to the pavilions of the participating banks, including the Development Bank pavilion and a rival to the other participating banks, where a good visit was made to Lebanese Deputy Prime Minister Fuad Siniora, representing the Lebanese Prime Minister Saad Hariri, in addition to the President of the Union of Arab Banks.

For his part, praised the Deputy Governor of the Central Bank Munther Abdul Qader Sheikhli during the conference "the important and effective role of the International Development Bank and the efforts of the senior management of the bank in order to provide the best banking services and the application of practices and laws in accordance with the context of the Central Bank of Iraq."

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  • yota691 changed the title to The Secretary-General of the Council of Arab Economic Unity arrives in Baghdad
 
Saturday 24 November
 
 
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Alsumaria News / Baghdad 
arrived in the Secretary - General of the Council of Arab Economic Unity Ambassador Mohamed spring Saturday to Baghdad. 

A source familiar with the interview told Alsumaria News that "the Secretary-General of the Council of Arab Economic Unity in the League of Arab States Ambassador Mohammed Al-Rabee arrived in Baghdad." 

The source, who asked not to be named, said that "the governor of the Central Bank Ali al-Alaq and the executive chairman of the Arab Arbitration Union Counselor Kazar al-Rubaie were in the spring reception."
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On 11/16/2018 at 6:11 AM, yota691 said:
 
11254.jpg
Samir Nusairi
  

 Articles
Samir Nusairi


For two consecutive days on 15 and 16 November, the annual Arab Banking Conference of 2018 was held in Beirut under the theme "Public-Private Partnership to Achieve Sustainable Development Goals". The conference discussed the experiences of some Arab countries involved in activating the partnership between the public and private sectors in achieving successful experiences in achieving financial inclusion and empowering women and youth. It was reached through the discussions of the conference's axes and sessions that the Arab countries suffer from the non-activation of the laws of the legislative environment and the institutional building. The realization of the goals of sustainable development and the real partnership between the public and private sectors are coordinated and inter-connected between the public and private sectors, banking, civil society, international organizations, universities and research centers. I have formed visions and proposals to activate the partnership in Iraq in the light of the dialogues of the conference and research, which presented the data and the methodology of the government of the cabin of Dr. Adel Abdul-Mahdi for the years (2018-2022) and what actually contributes to the development of As a nation in below: -

In order to achieve this, there must be a clear role and a decree program to involve the private sector in the management of the economy and economic and development decision-making. This is achieved through the rebuilding of the institutional and legal structure of the private sector in the legislative, motivational and procedural aspects in a manner consistent with the objectives of the government program The private sector for the years (2014-2030) launched by the government in February 2015, to start these programs immediately, the establishment of mechanisms to involve the private sector in the national economic decision-making, in particular the development of the private banking sector and the completion of construction of Tin and sober and restore confidence to deal with him and to attract the monetary mass compacta outside the banking system, which constitute up to 77% of the monetary mass in circulation according to a comprehensive look to stimulate in all production sectors, including mainly in agriculture, industry and construction (housing and construction), energy, services and tourism, and adopt the government and the representations sector

(2018-2022) already years of support system' target='_blank' style=" rel="">support system" rel="">support and activation and development of the private sector .

Institutional building of the private sector :

In order to achieve this, the government must first establish a higher council for the development of the private sector consisting of representatives of the private sector and the government. It will manage, supervise, review and evaluate the programs and policies set for making the decisions required to achieve the central economic goals through partnership and cooperation between the private and public sectors. The Council shall be represented in the opinion bodies of the ministries concerned with sustainable development. Its chairman shall be an active member. He shall attend all meetings of the Council of Ministers to express opinion in private sector discussions. The private sector shall also be represented in follow up committees and specialized committees in the Council of Ministers. Private as the primary responsible for financing and lending to SMEs and housing and reconstruction projects .

Therefore, I see that the stage and experience that Iraq has been living economically since 2003 needs an analytical and evaluative pause and review in order to build its national economy according to a new strategic vision to move to a market economy according to a program prepared by the government and approved by the Iraqi Council of Representatives. Which highlights the role of the private sector and the role of banks in development, which emphasizes the need to apply important stages towards building a strategy for the development of the economy and support system' target='_blank' style=" rel="">support system" rel="">support and development of the private sector to take its role in contributing to the new construction of the economy and diversify its resources to the budget without relying penny Great on

Oil .

In order to discuss and study the economic reality that Iraq is going through, it is necessary to stand up with logical, scientific and economic analysis on the most important axes that require finding solutions and solutions to the challenges and charting a roadmap for the implementation of the strategy of developing the private sector by the government and the private sector in all its banking, industrial, agricultural and service sectors. Develop trends that meet medium, long and long term goals. This means involving the private sector in a larger role

In economic decision-making and market leadership through the following :

Partnership Vision (2018-2022 )

1 - Contribute to improve the business environment in Iraq and provide an encouraging investment climate to attract national capital. And promote public-private partnerships

2. Contribute to the creation of a new legislative environment based on its reference to article 25 of the permanent constitution and strategies and laws for economic reform and development of the private sector to ensure its activation and leadership of the market in the future.

3. Sustain and activate partnership, dialogue and cooperation between the private sector and the government through activating the partnership law, which has not been implemented for several years

4. Contribute to the development of policies, mechanisms and strategies and participate in the follow-up of their implementation to resolve the transition to stages programmed time to market economy

5. Work to provide additional sources of funding to the state budget by adopting the development and diversification of resources towards increasing the proportion of resources other than oil in GDP

6. Encouraging the establishment and development of micro, small and medium enterprises to achieve comprehensive and sustainable development, including the formation of specialized institutions for this purpose, issuing a special law for these projects and establishing a sovereign fund for youth empowerment.

7. Cooperation in ensuring the implementation of central plans in providing infrastructure to encourage and develop the private sector in industry, trade, agriculture, tourism, mineral wealth, energy and services

8 - Activate the role of specialized banks and private banks to provide soft loans to the national private sector as well as finding solutions to the problems of taxes and accrued interest of the owners of projects suspended production and the development of short and medium - term financial policy

9. Coordination and cooperation with the ministries and financial and statistical institutions involved in building a financial and statistical information base and ensuring transparency

10. Active participation with the government in the implementation of procedures to restructure public companies and facilitate partnerships with the private sector

11. Contribute to ensure quality standards for local and imported products and services

12 - Cooperation and contribute with relevant institutions in the rehabilitation and training ofspecialized human resources in the sector Acial.13- encourage private banks to invest in economic projects so as to enhance the proportion of its contribution to GDP and to speed up legislative amendments to achieve this goal

Advisor to the Association of Iraqi Private Banks


Views 30   Date Added 16/11/2018

 

 

 

4. Contribute to the development of policies, mechanisms and strategies and participate in the follow-up of their implementation to resolve the transition to stages programmed time to market economy...;)

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  • yota691 changed the title to Arab League confirms its efforts to form a banking alliance to finance the regional projects of the Arab Summit
 

 

 

 


The Assistant Secretary-General for Economic Affairs of the League of Arab States, Kamal Hassan Ali, said that the university is seeking to form a banking alliance to finance all regional projects to be issued by the next Arab summit. 
The Assistant Secretary-General for Economic Affairs said during his meeting today at a meeting of the Chamber of Commerce in Alexandria today that "the next Arab summit will consider the development of mechanisms to further restrictions on trade," explaining that Saudi Arabia, Egypt and Jordan were among the first countries to sign a trade liberalization agreement Goods and services, which aim at a common Arab market and reach the joint Arab Union.
He pointed out that the Arab League started to form committees to develop unified customs laws. He pointed out that the problem is that there are several countries that are not yet outside the agreement and that the increase in the volume of trade exchange stands in front of the sea and land link, which makes the construction of railway lines more expensive and cheaper. 
// // ended 
22:47 ITM 
0150

 
 
 
 
 
 
 
 
 
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  • yota691 changed the title to With the participation of Iraq .. Start meetings of the Implementation and Follow-up Committee at the Arab League​​​​​​​
15-12-2018 02:44 PM

image.php?token=a51df2ee0911deae97e32b1a328633b4&size=

 


 

 

 

Baghdad / News

The forty-sixth meeting of the Implementation and Follow-up Committee of the League of Arab States opened in Cairo on Saturday, with the participation of Iraq .

The Ministry of Commerce, in a statement received by 'news', said that 'the meetings of the Implementation and Follow-up Committee at the headquarters of the General Secretariat of the Arab League, the 46th meeting started its work today in the Egyptian capital Cairo, with the participation of a delegation from the Ministry of Commerce .'

The delegation of the Republic of Iraq was headed by Adel Khudair Abbas, Director General of the Department of Foreign Economic Relations .

Abbas said in a press statement that "the agenda agenda included six important items, first follow-up to the implementation of the Greater Arab Free Trade Area, and the second item on discussing the report of the Secretariat General on the periodic reports to follow up the Greater Arab Free Trade Area ."

He added that "the third item related to the terms of reference for the study of the project to establish an electronic portal to facilitate Arab transport and trade, in addition to the report of the Secretariat on the developments of the Arab initiative for food safety and trade facilitation," pointing out that 'the fifth item included technical support provided to the member countries of the Free Trade Area Great Arab and Trade Processes '.

The Director General of the Department of Foreign Economic Relations in the ministry, said that 'it is hoped that the meeting will continue for four days starting this Saturday and ends on Tuesday,' indicating that 'will be held after the extraordinary meeting of the Economic and Social Council at the level of senior officials, Ministerial meeting to be held on Thursday 20/12/2018, in the presence of Minister of Commerce Dr. Mohammed Al-Ani '.

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  • yota691 changed the title to The Arab Digital Economy Conference opens in Abu Dhabi
 
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 Arab and international


Economy News _ Baghdad

The first edition of the Arab Digital Economy Conference will be held on Sunday at the Emirates Palace in Abu Dhabi under the patronage of HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

The two-day event is the launch of the joint Arab vision for the digital economy, aimed at activating and enhancing joint Arab cooperation based on digital knowledge, developing technological and legislative infrastructure, and supporting digital transformation and technological development plans in Arab countries.

The Digital Economy Conference is the new platform for designing a strategic investment map, policy formulation and technology development by embracing the restructuring of processes, products and services using digital technology.

The conference aims to establish and establish a collaborative digital economy that can help our societies meet the challenges.

The conference, organized by the Council of Arab Economic Unity over the course of two days, will review artificial intelligence, technology and digital transformation plans, cities of the future, financial transparency, innovation in healthcare technology, vehicle innovation, large data, virtual reality and Qin Block, And robots.

The conference will be attended by representatives of Arab countries, finance and economy ministers, central bank governors, representatives of chambers of commerce and industry, business leaders and investors, international experts in the digital economy, and participants from the United Nations, the World Bank, the European Commission and the Organization for Economic Cooperation and Development.

The event will be accompanied by major global transformations in the digital economy, through the mobilization of Arab capabilities and international expertise and the activation of joint Arab cooperation to achieve a set of positive goals that will promote Arab societies.

The Summit supports the Summit Sustainability Working Groups (DSS) program by focusing on key aspects of technological innovation in key industry sectors and the impact of innovation on today's societies.

The conference is an opportunity to learn about technology-driven changes in all areas, including the need to understand the evolution of hardware, software and systems, learn about the science of materials used in electronics manufacturing, and learn how to develop robust algorithms and easy-to-use applications for unprecedented opportunities.


Views 18   Date Added 12/16/2018

 
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38 minutes ago, yota691 said:

The event will be accompanied by major global transformations in the digital economy, through the mobilization of Arab capabilities and international expertise and the activation of joint Arab cooperation to achieve a set of positive goals that will promote Arab societies.

 

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  • yota691 changed the title to Union of Arab Banks: $ 2.2 trillion of deposits in the Arab banking sector 
 
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 money and business


Economy News - Baghdad

A report by the Union of Arab Banks revealed that the aggregate assets of the Arab banking sector exceeded 3.4 trillion dollars at the end of the third quarter of 2018, an increase of 2.5% over the end of 2017.

The report said that the combined deposits of the Arab banking sector amounted to about 2.2 trillion dollars, achieving a growth rate of about 2.9%. The capital base of the Arab banks reached about 397.5 billion. The volume of credit extended by the banking sector in the Arab economy to the end of the third quarter of 2018 reached about 1.9 trillion dollars, achieving a growth rate of about 3.2% by the end of 2017. These figures indicate the great contribution of the Arab banking sector in supporting and financing economies Arabic.

The report pointed out that the year 2019 is expected to adopt the Arab banks in general and the Gulf in particular more digital transformation and new financial technologies, where it is expected that financial technology (Fintech ) revolutionized the provision of traditional financial services and reshape the financial landscape.

It is expected that Arab banks will begin preparing and preparing to implement Basel II requirements, a term used to describe the amendments issued by the Basel Committee on Banking Supervision, which focus on a number of key points. First, the new reforms in general , seeks to review the calculation of risk - weighted assets ( Risk Weighted Assets ) and to improve comparability between banks, as well as new treatment of operational risk, and the adoption of new rates for the calculation of credit risk is more realistic based on the credit rating. These reforms are expected to have a significant positive impact on banks, forcing Arab banks to increase their capital, which will reduce credit risk and the impact of economic crises on the Arab banking sector.


Views 32   Date Added 07/01/2019

 
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 Arab and international


Economy News - Baghdad

The combined assets of the Gulf banking sector rose to about $ 2.24 trillion at the end of the second quarter of 2018, accounting for 66% of the total assets of the Arab banking sector of $ 3.4 trillion, a growth of 1.4% since the beginning of the year.

According to a recent report by the Union of Arab Banks, the total reserves and capital of banks operating in the Gulf amounted to about $ 295 billion, while total deposits of the banking sector amounted to about 1.36 trillion dollars at the end of the second quarter, recording a growth of 1.6% at the end of the same period last year. Trillion dollars, up 2.7 percent from the end of 2017.

The report pointed out that the UAE banking sector topped the Gulf banking sectors by volume of assets, reaching about 748 billion dollars, up 2% from the end of 2017.

The Saudi banking sector ranked second in the Gulf with a total assets of $ 617 billion, followed by the Kuwaiti banking sector ranked fourth in the Gulf and the sixth Arab with assets of $ 214 billion.

According to the report, Bahrain's banking sector ranked fifth in the Gulf and seventh in the Arab world with assets of $ 188 billion, followed by the banking sector in the Sultanate of Oman, which ranked 12th Arab total assets of about $ 86 billion by the end of the second quarter 2018.

According to the report, the Omani banking sector recorded the highest growth rate of assets among the Gulf banking sectors during the first half of 2018, reaching about 3.7%.

While the UAE banking sector recorded the highest growth rate in deposits of 3.8% among the banking sectors in the Gulf. As for the loans, the Bahraini banking sector recorded the highest growth rate during the first half of 2018, about 4.6%.

According to the report, the Gulf banking sector has witnessed a number of mergers in recent years aimed at establishing large banking entities, rationalizing spending by reducing costs and expenses, increasing profit margins and enhancing the efficiency and robustness of the banking sector. Announced the establishment of the fifth largest Gulf bank with assets of about AED 415 billion.

He pointed out that these entities are able to compete regionally and globally, meet economic challenges, comply with international standards, especially the Basel III standards, the standards of combating the financing of terrorism and money laundering, and IFRS 9 .

Gulf banks 'profits are expected to grow this year thanks to the adoption of IFRS 9 , which will have a positive effect on banks' performance by enhancing risk management and helping them to quantify provisions more accurately.

"Rising oil prices in 2018 due to fear of supply short-term crises are expected to boost government deposits as oil revenues improve, easing the pressure on GCC banks," the report said.

Gulf banks are also expected to adopt more digital transformation in 2018 and 2019 and offer innovative application-based financial services . Fintech has revolutionized the delivery of traditional financial services and reshaped the financial landscape.

About 80% of customers in Saudi Arabia and the UAE prefer to carry out their banking business through computers, smartphones and tablets, and they visit branches only to meet specific and more complex needs.


Number of views 25   Date added 07/01/2019

 
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  • yota691 changed the title to $ 3.4 trillion in assets of Arab banks in 2018
  • 3 weeks later...

 

 

 Source: Association of Private Banks will participate tomorrow in the meeting of the Arab Monetary Fund
 
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Logo of the Arab Monetary Fund
 

 Banks
Economy News - Baghdad 
source revealed on Saturday, the participation of the Iraqi Association of private banks in the meeting of the Arab Monetary Fund to be held on Sunday, noting that the meeting centered on the concept of financial inclusion and ways of applying it to the Iraqi and Arab level. 
The source said in an interview with "Economy News" that "the meeting will be held in the United Arab Emirates and will witness the participation of financial institutions from the Arab world as a whole." 
The source added that "the meeting will address the concepts of financial inclusion and ways to raise the rate at the level of the Arab world."

Views 623   Added 26/01/2019

http://economy-news.net/content.php?id=15191

 

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  • yota691 changed the title to {The Millions of Arabs} discuss a series of economic reports

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