Central Bank Governor Inaugurates International Development Bank Branch in Dubai

[6ly410]

Central Bank Governor Inaugurates International Development Bank Branch in Dubai

 

 

Economic News Agency - The Governor of the Central Bank inaugurates the branch of the International Development Bank in Dubai (economy-news.net)

   

 

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Economy News-Baghdad

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, inaugurated on Wednesday the branch of the International Development Bank in the United Arab Emirates/Dubai.

In a statement on the sidelines of the opening, he said: "We are happy and proud to see one of our banks take a position within the UAE banking sector after gaining the confidence of the Central Bank of the United Arab Emirates."

"The event is important on which we build hopes that our banks will partner with this vibrant sector in the sister country," he said.

He wished the bank, its management and employees continued progress and payment.

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Added2022/11/09 - 10:02 PM

Updated2022/11/09 - 10:02 PM

[6ly410]

The Governor of the Central Bank inaugurates the branch of the International Development Bank in the UAE 

Posted 27 seconds ago

 

محافظ البنك المركزي يفتتح فرع مصرف التنمية الدولي في الإمارات  - اخبار العراق (iraqakhbar-com.translate.goog)

 

news source /first news agency

News source / First News Agency

 

( Iraq News Encyclopedia of News )

Today, Wednesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, inaugurated the branch of the International Development Bank of Iraq in the UAE.

A statement by the bank, received by Al-Oula News, said that "the governor of the Central Bank, Mustafa Ghaleb, inaugurated the branch of the International Development Bank of Iraq in the United Arab Emirates / Dubai." 

Mokhif affirmed: “We feel happy and proud when we see one of our banks occupying a position within the UAE banking sector after obtaining the confidence of the Central Bank of the UAE, which is an important event on which we build our hopes for our banks’ participation with this vibrant sector in the sister country.”

 

 

[6ly410]

 

One of the largest Iraqi private banks opens its first branch in Dubai

Posted 13 seconds ago

 

One of Iraq's largest private banks opens its first branch in Dubai - Iraq News (iraqakhbar-com.translate.goog)

 

news source /noon agency

 

News Source /

Under the patronage of the Ministry of Economy of the United Arab Emirates, it was announced today the opening of the first branch of the International Development Bank in the Emirates of Dubai, as one of the best Iraqi private banks.
The UAE website said today and followed by Noon Agency that this cooperation comes as a step to consolidate the distinguished strategic economic relations between the Republic of Iraq and the United Arab Emirates, where the volume of trade exchange between the two countries during recent years reached more than 16 billion US dollars, with an annual growth rate of 6%.
This came in the presence of the Governor of the Central Bank of Iraq, the Undersecretary of the UAE Ministry of Economy, the Dubai Chamber of Commerce, a selection of businessmen, investors and representatives of the Iraqi Embassy and Consulate in the UAE.

[6ly410]

The Governor of the Central Bank inaugurates a branch of the International Development Bank of Iraq in the UAE

Wednesday 09 November 2022 22:38 | EconomicNumber of readings: The Governor of the Central Bank inaugurates a branch of the International Development Bank of Iraq in the UAE (ninanews-com.translate.goog)

Baghdad / NINA / - The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, inaugurated today, Wednesday, the branch of the International Development Bank of Iraq in the UAE.

A statement by the bank said: "The governor, Mustafa Ghaleb, inaugurated a branch of the International Development Bank of Iraq in the United Arab Emirates/Dubai."

The statement quoted Mokhif as saying: "We feel happy and proud when we see one of our banks occupy a position within the UAE banking sector after obtaining the confidence of the Central Bank of the United Arab Emirates. / is over
 

[southbeach]

Beautiful 

[jake21]

2 hours ago, southbeach said:

Beautiful 

Why?

[screwball]

9 hours ago, 6ly410 said:

We feel happy and proud when we see one of our banks occupy a position within the UAE banking sector after obtaining the confidence of the Central Bank of the United Arab

Time to occupy a position a worthless currency….yep

[currenzcraze]

So much hope that withers away each day.  These sand rats talk a good game, but the end result is they are getting more creative with lining their own pockets.  I hate to be so negative, but the proof is in the inaction.

[6ly410]

Central Bank Governor: Industrial and agricultural development cannot be achieved without the banking sector

Thursday 10 November 2022 14:20 | EconomicNumber of readings: 240

Central Bank Governor: Industrial and agricultural development cannot be achieved without the banking sector (ninanews-com.translate.goog)

Baghdad / NINA / - Central Bank Governor Mustafa Ghaleb stressed that achieving industrial and agricultural development is not possible without the banking sector.

During his participation in the fall conference of the Iraqi-British Business Council, which opened today, Thursday, in the United Arab Emirates / Dubai, the Governor praised the efforts made by countries in creating industrial and agricultural development and providing job opportunities and development that cannot be achieved without the banking sector responding. To the aspirations and expectations of investors and workers in the economic sector.” He added, “Money is the

lifeblood and the means of development, development and prosperity, and that the banking sector has become qualified to perform its roles that everyone aspires to.”

in the United Arab Emirates.

[6ly410]

• Economist warns government of high inflation – Iraq News Network (aliraqnews.com)

Economist warns government of high inflation

Last Updated:10 November 2022 - 1:30 PM

Baghdad/Iraq News Network - Economist Abdul Rahman al-Mashhadani warned on Thursday of high inflation in the Iraqi economy, which has reached high stages that may lead to recession.Al-Mashhadani said in a press interview, that "the new government must address the rise in inflation by taking the necessary decisions to prevent reaching the stage of stagnation in goods." He continued, "The Central Bank financed the government from the new currency, and therefore the  money supply more than the need of the local market will result in the loss of its value."

[6ly410]

CBI governor opens International Development Bank in UAE

• Amr Salem
•  November 10, 2022
•  CBI governor opens International Development Bank in UAE - Iraqi News
•  2 min

IDB’s first branch in Dubai. Photo: International Development Bank

Baghdad (IraqiNews.com) – The Governor of the Central Bank of Iraq (CBI), Mustafa Ghaleb, inaugurated on Wednesday the first branch of the International Development Bank (IDB) of Iraq in Dubai, UAE, according to the CBI statement cited by the Iraqi News Agency (INA).

“We feel happy and proud when we see one of our banks occupying a position within the UAE banking sector after obtaining the confidence of the Central Bank of the United Arab Emirates,” Ghaleb stated.

“It is an important event on which we build our hopes for the participation of our banks in this vibrant sector in the UAE,” Ghaleb added.

The inauguration of the new branch took place under the auspices of the Ministry of Economy in the United Arab Emirates as the bank is considered one of the best Iraqi private banks with a capital of 250 billion Iraqi dinars (approximately 171.17 million USD).

The opening of the new branch represents a step forward to strengthen the strategic economic relations between Iraq and the UAE, where the volume of trade exchange between the two countries in recent years reached more than 16 billion USD, with an annual growth rate of six percent.

The bank seeks to be an economic bridge that opens up prospects for greater economic cooperation between the two countries by strengthening joint economic relations in various sectors, such energy, health, industry, agriculture, services, in addition to the tourism and housing sectors

[6ly410]

The Governor of the Central Bank of Iraq participates in the autumn conference of the Iraqi-British Business Council in Dubai

 

 

 November 10, 2022

Central Bank of Iraq | The Governor of the Central Bank of Iraq participates in the autumn conference of the Iraqi-British Business Council in Dubai (cbi.iq)

 

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His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makheef, participated in the autumn conference of the Iraqi-British Business Council, which opens its work on Thursday in the United Arab Emirates / Dubai.

His Excellency said that the efforts exerted by countries in creating industrial and agricultural development and providing jobs and development cannot be achieved without the banking sector responding to the aspirations and expectations of investors and workers in the economic sector.
He added that money is the lifeblood and the means of development, development and prosperity. We calculate that our banking sector has become qualified to play the roles that everyone aspires to.
His Excellency commended the efforts of the organizers of the conference and the openness of the brothers in the United Arab Emirates.

Central Bank of Iraq
Media
Office 10/11/2022

[6ly410]

Governor of the Central Bank: We were keen to facilitate the procedures of opening the first branch of Ahli Bank abroad

 

Economic News Agency - Governor of the Central Bank: We were keen to facilitate the procedures of opening the first branch of Ahli Bank abroad (economy-news.net)

 

   

 

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Economy News - Baghdad

The Governor of the Central Bank, Mustafa Ghaleb, confirmed that the bank was keen to support the "Development Bank" and facilitate the procedures for opening the bank's branch in the Emirate of Dubai.

Ghaleb told Al-Eqtisad News that the Development Bank "opened branches inside Iraq and spread to almost all provinces, and worked to provide international requirements and standards to launch to the regional region, and its first step was the UAE."

Ghaleb added, "We were keen to support this bank and facilitate all procedures for it and we communicated with the Central Bank of the UAE who were keen with us to provide these requirements and complete the original procedures to open this branch."

He continued, "We were keen as the management of the Central Bank of Iraq to attend the opening of this branch as the first bank from the private sector to open a branch outside Iraq to strengthen economic relations between the two countries."
 

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120 Views

Added 11/11/2022 - 12:12 PM

Updated2022/11/11 - 5:41 PM

[Retiredofficer]

They’re still in craw mode toward  having an international recognizable currency.  Problem is…they’re using the 1st generation Plugger that we discarded in the dessert.  They continue to be LBS.    

[6ly410]

Economic circles welcome the opening of an Iraqi bank branch in Dubai

Posted 4 seconds ago

 

Economic circles welcome the opening of an Iraqi bank branch in Dubai - Iraq News (iraqakhbar-com.translate.goog)

 

news source /independent press agency

Source of the news / independent press agency

 

 

The Independent/- Economic circles have blessed the opening of a branch of the International Development Bank in Dubai, considering it a positive step on the path to developing the financial sector in Iraq.

A member of the Baghdad Economic Forum Jassem Al-Aradi described the opening of the Development Bank branch as an important step in being closely involved with international banks, given that Dubai hosts the best banks in the region and the world, pointing out that this friction adds something new to the performance of the Iraqi banking sector through the best representative of the Development Bank International.

At the time, the Governor of the Central Bank of Iraq, Mustafa Ghaleb, praised the efforts of the International Development Bank, and blessed the opening of the bank's branch in Dubai

Ghaleb pointed out that it is an important step, as a private Iraqi bank occupies an important position within the UAE and Iraqi banking sector after obtaining the confidence of the Central Bank of the United Arab Emirates.

A ceremony was organized on this occasion, attended by the Governor of the Central Bank of Iraq, the Undersecretary of the UAE Ministry of Economy, the Dubai Chamber of Commerce, the Union of Arab Banks, the Association of Iraqi Private Banks, the ambassadors of countries accredited to the state, the Iraqi embassy, and a large number of Iraqi and foreign businessmen and investors at all levels.

The post Economic circles welcome the opening of an Iraqi bank branch in Dubai appeared first on the independent press agency.