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CBI News 07/29/2018


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 July 29, 2018
The Central Bank participates in the opening of the representative office of the Development Bank in Dubai

 

The Central Bank of Iraq participated in the opening of the representative office of the International Development Bank in Dubai.

The opening ceremony, attended by Iraqi and foreign economic and financial figures, underscored the need for the Iraqi private banks to play a role in the development of the Iraqi economy and the development of banking.

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You guys !  ( Now , I think what has happened, is the Central Bank guy, has just told the Dubai fellow, how much are you going to loan us, we are getting billions from everyone else, can we put you down for 2 billion?

Edited by jeepguy
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http://alforatnews.com/modules/news/article.php?storyid=170165.....

The opening of the first representative office of a private Iraqi bank in Dubai

Date of release: 2018/7/27 19:16  129 times read
The opening of the first representative office of a private Iraqi bank in Dubai
(Baghdad: Al Furat News) The Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, opened the Representative Office of the Bank in the Emirate of Dubai in the presence of Iraqi and Emirati economic figures. 
 
The opening comes after the Bank has been subject to all due diligence procedures by the Central Bank of the United Arab Emirates and in view of the Bank of Iraq's financial solvency and control procedures, under which the final approval of the UAE side to the opening of the representative office. 
The International Development Bank, which was established in 2011 and received many awards, most recently from the Union of Arab Banks as the best Iraqi bank to provide electronic services, and the first private Iraqi bank to open a representative office in the United Arab Emirates. 
The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq, and in line with the requirements of the next phase, which will witness a major expansion in the banking deal between the bank International development and world companies ".
He stressed that "the International Development Bank chose Dubai as it is an important trade center in the Middle East and includes more than 15 thousand different international companies and it is necessary to encourage this investment in Iraq, which will contribute to the development of the Iraqi economy and reduce the rates of unemployment and poverty and raise the welfare of the Iraqi people." 
He pointed out that "the International Development Bank has a strategic plan for its work, which included the introduction of the best global technology in its work, and now headed to the opening of two representative offices in Beirut and Dubai and will open an executive office in Europe during the coming period, specifically in Greece, Representative offices of the International Development Bank will facilitate the process of trade between Iraq and the countries of the world. "
The opening ceremony was attended by Deputy Governor of the Central Bank of Iraq, Munther Abdulqader Al Sheikli, Iraqi Consul in Dubai Hussein Ali Al Azzawi, DMCC Representative in Dubai Christa Fox, representatives of MasterCard, Visa and Card, UAE and Iraq. 
The DFID's financial statements showed that its profits increased by 7.84% year-on-year in the second quarter of this year. The IDB's capital is 250 billion dinars. The International Development Bank is the first among the Iraqi banks that have ATMs With more than 300 devices spread throughout Iraq in addition to having a large network of correspondent banks.....
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The opening of the first branch of a private bank outside Iraq

   
 

 
 


30/7/2018 12:00 am 

Towards building mutual trust with regional banks  

Baghdad / Al-Sabah 
Financial experts and experts emphasize the importance of regional and international openness and its role in achieving the benefit of the national economy, which seeks to consolidate relations with the regional and international economic blocs. The friction leads to successful transfer of advanced technology to the country. To promote the financial sector and change the shape of the national economy.

In this context, the last days witnessed the first experience of regional opening when Ahli Bank opened an office in Dubai to be the starting point for other regional and international cities. The representative of the Secretary General of the Union of Arab Banks and Arab and international economic figures. Points of communication Deputy Governor of the Central Bank of Iraq d. Munther Al-Shaikhli conveyed the blessing of the Governor of the Central Bank of Iraq for this event and stressed the importance of spreading knowledge communication between our Arab banks and its role in developing the financial work joints. The most important points of communication are starting from the gates of banking representation, and we need cooperation between the specialized institutions to activate Arab cooperation.


He said: "We welcome this step, which is an important link that comes with new banking products, and should lead to banking alliances that promote the performance of Arab banking to more advanced stages, and provide what is required of the private sector services. It is an important step for the two brotherly countries. Important". International Relations The Executive Director of the Association of Iraqi Private Banks Ali Tariq stressed that "the importance of Iraq's openness to the countries of the region and the world, where the financial sector to develop its technical and human capabilities," pointing out that "there is a positive trend by private banks and the public to develop the joints of work, The financial systems that harmonize and the economic capabilities of the country, which requires the advancement of the financial sector, which is the center of development. "


He pointed out that "the opening of the first branch of a private Iraqi bank outside Iraq is a success for our financial sector, and strengthens the confidence of the external perimeter of Iraqi banks, and represents a window for Iraqi banks to open to the world, and provides a station for the opening of UAE banks inside Iraq," pointing out that this comes in line with the directions of the bank Iraq " 
during the past few years has achieved great successes in the detailed building of international relations with various international and regional economic blocs, where a delegation of Iraqi banks visited the United States and talks with the Treasury there and representatives of major banks on the p Mlah economic advancement, and banking delegations visited a number of Arab countries in a move to activate the relationships and create partnerships Tnanah achieve beneficial for Iraq. "  The 
Iraqi banking system consists of a number of banks exceeded the 70 banks.  Technological capabilities


The Executive Director of the Association of Private Banks, "the opening step of a branch of the Development Bank in Dubai and promised an important step to activate cooperation and friction of Iraqi banks with the regional environment, and we want to expand this cooperation in a way that enhances the technological capabilities of Iraqi banks." 
The International Development Bank, the representative office of the International Development Bank in Dubai, was inaugurated in the presence of Iraqi and Emirati economic figures. After the Bank has been subject to all due diligence procedures by the Central Bank of the United Arab Emirates and in view of the Bank's financial solvency and regulatory procedures, under which the final approval of the UAE side has been granted the opening of the 
representative office  . Stage requirements


In the meantime, the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, during the opening of the representative office, which was attended by Deputy Governor of the Central Bank of Iraq, Dr. Munther Abdulqadir Sheikhli and the Iraqi Consul in Dubai, Dr. Hussein Ali Al-Azzawi and the representative of the DMCC free zone in Dubai Christa Fox, representatives of two companies MasterCard "The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq, and in line with the requirements of the next phase, which will see a significant expansion in the banking deal between the Development Bank Crown and the world's companies. " 
He stressed that "


Court plan 
of his economic member of the Baghdad forum Jassim Al Aradi said that " the Iraqi financial sector desperately need to develop relations in the form that would benefit the national economy, requiring the process Alanaftaa expansion study it from all its forms and be in accordance with the court plan promotes local financial capacity and achieve beneficial to both parties" . 

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7 hours ago, tennesseem said:

bunch of honest looking ppl here:(

wowsaaa !    YEAH   ,  looks like  3 of the  guys are  almost related  (   you  folks  look at t he ribbon cutting photo ,  )    the other guys are probably  Iraq bankers

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Monday 30 July
 
 
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The first representative office of the International Development Bank (DIB) in Dubai was opened last Thursday in the presence of Iraqi and UAE economic figures after the bank was subject to all due diligence procedures by the United Arab Emirates Central Bank.

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In a statement received by Sumerian, the bank said that the Chairman of the Board of Directors of the International Development Bank, Ziad Khalaf Abdul, opened the representative office of the International Development Bank in Dubai, in the presence of Deputy Governor of the Central Bank of Iraq Dr. Munther Abdul Qader Al-Shaikhli and the Iraqi Consul in Dubai. Dr. Hussein Ali Al Azzawi, DMCC Representative in Dubai Christa Fox, representatives of MasterCard, Visa, Card and Executive Director of the Association of Iraqi Private Banks Ali Tariq and a number of UAE and Iraqi economic figures. 

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"The opening of this office to the International Development Bank in Dubai is a pioneering step for the private banking sector in Iraq and comes in line with the requirements of the next phase, which will see a significant expansion in the banking deal between the International Development Bank and the world's companies," Ziad said. .

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He stressed that "the International Development Bank chose Dubai as it is an important trade center in the Middle East and includes more than 15 thousand different international companies and it is necessary to encourage this investment in Iraq, which will contribute to the development of the Iraqi economy and reduce the rates of unemployment and poverty and raise the welfare of the Iraqi people." 

He pointed out that "the International Development Bank has a strategic plan for its work, initially included the introduction of the best global technology in its work, and now headed to the opening of two representative offices in Beirut and Dubai and will open an executive office in Europe during the coming period, specifically in the country of Greece," explaining that " Representative of the International Development Bank will facilitate the process of trade between Iraq and the countries of the world. "

636685424730872521-image%20(3).jpg

The DFID's financial statements showed that its profits increased by 7.84% year-on-year in the second quarter of this year. The IDB's capital is 250 billion dinars. The International Development Bank is the first among the Iraqi banks that have ATMs With more than 300 devices deployed throughout Iraq in addition to having a large network of correspondent banks. 

636685425915372928-image%20(4).jpg 

It is noteworthy that the International Development Bank, which was founded in 2011 and received many awards, the last of which the Union of Arab banks, is considered the best Iraqi bank to provide electronic services, and the first Iraqi bank to open a representative office in the United Arab Emirates.

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19 hours ago, ChuckFinley said:

I think he is waiting for an invite to the remake of Magnum PI. 

 

I wonder if Obummer will let the new cast, film on his new property? He “conveniently,” had his “friend,” purchase the home. HIDE THAT MONEY!!!!

 

https://www.theguardian.com/us-news/2015/mar/20/magnum-pi-house-hawaii-sold-obama-friend

Edited by gregp
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33 minutes ago, gregp said:

Thanks for the LEFT WING NEG!  😂😂

 

I love irritating the supporters of the evil corrupt.

:cigar:

 

 

You're really onto something there, GregP. The news isn't that the infamous Magnum house sold, but that a friend and colleague of President Obama's bought it. And it is so big and probably has gates! I bet this guy spent $8.6 million so Obama could have a house where he could just slip next door, leave Michelle and the kids in the pool, and meet his girlfriends. You know, the porn stars, the Playboy Bunnies, and whomever else might get lucky.

 

It will be a secluded, quiet place to get away while meeting with his attorneys when his family is indicted, and his attorney of 10 years flips on him. Great location too. You can just hop, skip, and jump from Russia to the Seychelles, and onto Hawaii. Wiki wiki! Do Russians tan well?

 

Well, at least we know what Obama's illicit transaction in Hawaii is about and we know where to pick him up when he is indicted (probably wait until Hillarious visits and they can get them both at one time). I forget how many indictments are possible, but I think it is in the hundreds, but that includes family members, campaigns managers, support people, and international government officials and some of those are already in jail!

 

Yes, GregP, you are really onto something. You should get into real estate. Good work, Clouseau.  :cigar:

 

 

 

 

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