First Bank of Iraq launches global instant money transfer service

[yota691]

Al-Sudani opens today {Baghdad International Dialogue}.. and the agenda of the conference

• Time: 03/19/2023 08:47:49
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• Read: 1,885 times

  

{Politics: Al-Furat News} Prime Minister Muhammad Shia'a Al-Sudani opens today, Sunday, the activities of the "Baghdad International Dialogue" conference, in its fifth edition, which is organized by the Iraqi Institute for Dialogue under the title "Iraq: Twenty Years... What Next?".

The conference will last for two days with the participation of dozens of political, security and economic figures from inside and outside Iraq.
The conference activities will open with a speech by Al-Sudani, then a dialogue session entitled "Withstanding the Storm: Iraq and Climate Change", followed by a session entitled "After Oil... Iraq's Energy Needs", and an evening session entitled "Factors for Improving the Investment Environment in Iraq".
The second day of the conference, tomorrow, Monday, will witness an "open meeting with the Prime Minister for an hour and a half", followed by a dialogue session entitled "Governance and Anti-Corruption", then a session on "Freedom of Expression and the Role of Social Media", then the sessions will conclude with a dialogue on "The Banking System in Iraq".
And participating in the sessions during the conference, the ministers of oil and communications, labor and social affairs and the governor of the Central Bank of Iraq.
The Parliamentary Foreign Relations Committee stated that: "Such conferences - especially with their international and regional presence - shed the spotlight on the organizing and hosting country." 
Committee member Haider al-Salami said, in a press statement, that "conferences like this are considered a positive case, especially if the axes are in the interest of the country and express the importance of Iraq in the global arena."
He continued, "The rapprochement resulting from such conferences reflects the presence of the host country, provided that the axes are important and the personalities attending the conference are from the prestigious class, and it is a positive indicator for the country."

[yota691]

Al-Sudani warns against complacency in the "great battle" and identifies the biggest challenge

• Time: 03/19/2023 10:28:19
•  
• Read: 1,820 times

 {Politics: Al Furat News} Prime Minister Muhammad Shia Al-Sudani warned against complacency in the "major" battle against the corruption pandemic in Iraq.
Al-Sudani said at the Baghdad Dialogue Conference, which started on Sunday morning and will last for two days: "Iraq has regained its natural position as an incubator for dialogues, and we seek to move towards political calm, away from the hustle and bustle."
"We will not tolerate the exploitation of the people's resources for any partisan interest," he added, noting that "our government has drawn up an ambitious program for the advancement of Iraq."
"We are waging a major battle against corruption, but if we neglect it, we will lose everything," Al-Sudani added.
He pointed out that "the biggest challenge today is restoring the confidence of the citizen due to the many promises and the lack of achievement."
Al-Sudani explained: "We suffer from rigid, central laws that belong to the former regime."
He noted that "the fatwa of the competent jihad brought together the diaspora of the people in the face of the most severe terrorist attack."
He pointed out that "Iraq has gone through difficult circumstances that it has not known for hundreds of years, but it has the ingredients for advancement." 

 

[yota691]

In the presence of Al-Sudani.. The launch of the Fifth Baghdad Dialogue Conference

 6 hours ago

398

 

Today, Sunday, the Fifth Baghdad Dialogue Conference kicked off in the capital, Baghdad.

“The Fifth Baghdad Dialogue Conference was launched a short while ago in the capital, Baghdad, in the presence of Prime Minister Muhammad Shia’a al-Sudani,” Taqaddam correspondent said.

He added, "The conference will be held for two days, starting today."

[yota691]

Al-Sudani: We drew an ambitious program for the advancement of Iraq and gave the private sector an important role

 

money and business
   

Economy News - Baghdad
Prime Minister Muhammad Shia'a al-Sudani stressed, on Sunday, that he will not tolerate any defect that may cause the people's money to be exploited.

 

In his speech at the Baghdad Dialogue Conference, Al-Sudani said, "Iraq has regained its natural position as an incubator for dialogues," stressing that "the government has drawn an ambitious program for the advancement of Iraq and is determined to restore it to its natural position."

 

He added, "We gave the private sector an important role, and we will not tolerate any defect that may cause the people's money to be exploited," noting that "Iraq has the ingredients for advancement."

 

The prime minister continued, "The corruption pandemic is a major battle," considering that "the biggest challenge is restoring the citizen's confidence."

 

---

Observations 121

Added 03/19/2023 - 11:31 AM

[yota691]

Al-Sudani: Economic reform must be accompanied by firm measures to combat corruption

• Time: 03/20/2023 12:49:02
•  
• Read: 715 times

  

{Politics: Al Furat News} Today, Monday, Prime Minister Muhammad Shia Al-Sudani participated in a symposium within the activities of the Baghdad International Dialogue Conference, which is being held by the Iraqi Institute for Dialogue.

Al-Sudani spoke to the participants about the government's vision in the fields of economy and foreign relations, the provision of services and the government's priorities, as well as the new projects included in the tripartite budget bill.

During his speech, the Prime Minister stated, "The most important general lines that Iraq follows in the file of international relations, and balance in them, as well as affirming the principles of non-interference in internal affairs, and preserving Iraq's sovereignty."

During the symposium, Al-Sudani also referred to the option of adopting economic reform as a method for progress, growth, and meeting the requirements and needs of citizens, and the firm measures that must accompany it in the field of combating corruption, in implementation of the government program, and to meet the aspirations of citizens throughout Iraq.

 

 

[yota691]

Al-Sudani explains the most important general lines adopted by Iraq in the file of international relations

 two hours ago

478

 

Today, Monday, the Sudanese Prime Minister, Muhammad Shia'a, considered that the pursuit of economic reform must be accompanied by firm measures to combat corruption.

A statement by his media office stated that "Al-Sudani participated today in a dialogue symposium within the activities of the Baghdad International Dialogue Conference, which is being held by the Iraqi Institute for Dialogue."

Al-Sudani spoke to the participants about "the government's vision in the fields of economy and foreign relations, the provision of services and the government's priorities, as well as the new projects included in the tripartite budget bill."

And he clarified "the most important general lines that Iraq follows in the file of international relations, and the balance in them, as well as affirming the principles of non-interference in internal affairs, and the preservation of Iraq's sovereignty."

During the symposium, he referred to “the option of adopting economic reform as a method for progress, growth, and fulfillment of the requirements and needs of citizens, and the firm measures that must be accompanied with it in the field of combating corruption, in implementation of the government program, and to meet the aspirations of citizens throughout Iraq.”

[yota691]

Prime Minister: Our major battle is combating the corruption pandemic

Iraq  2023/03/20

 

 

  Baghdad: Hoda Al-Azzawi

 

Prime Minister Muhammad Shia al-Sudani said that the government had drawn up an ambitious program for the advancement of Iraq, and while he indicated that he would not tolerate any imbalance that might cause the people's money to be exploited, he stressed the determination to combat the corruption pandemic, indicating that it represents the major battle.

In his speech yesterday, Sunday, during the opening of the Baghdad International Dialogue Conference, in its fifth edition, Al-Sudani welcomed the researchers, academics and specialists who came from everywhere to participate, saying that “this indicates that Iraq has regained its natural position as an incubator for dialogues and conferences.”

And he stated, “The most important challenge (after 2003) began by choosing a permanent constitution that would end the abnormal situation in which the dictatorial regime proceeded, which drafted a temporary constitution that suits its mood, without any consideration or consideration for the basic rights of all Iraqis,” noting that “the Iraqis chose in October 15, 2005, a permanent constitution establishing citizenship.

Al-Sudani then touched on the difficult stages that the Iraqi people have suffered from over the past two decades, leading to the terrorist “ISIS” occupation of our cities and the subsequent issuance of the fatwa of sufficient jihad and the battles of liberation, and he continued, “After we passed through the ordeal, the effects of procrastination were clear, and complaints about mismanagement began to appear. And the waste of money is growing, and we have seen many signs of discontent with the inability of state institutions to reform and carry out their duties, and after difficult labor, during the post-liberation years, our current government came. 

And he indicated that “the current government has drawn up an ambitious and comprehensive program that works to advance Iraq, and to move it towards investing all its wealth and energies and employing them to compensate for the years of devastation it missed.” Subjective, partisan, or factional, the national wealth belongs to all Iraqis,” stressing the determination “to combat the pandemic of corruption, that major battle in which if we underestimate it, we lose all our other battles.”

In addition, Oil Minister Hayan Abdul-Ghani said: “There are agreements with (OPEC) as Iraq is the second oil producer in the organization, and we are committed to them,” noting that “the ministry is committed to the organization’s decisions on oil export and reduction by about 220 thousand barrels per day until the end of 2023 according to the agreement.

Abdul-Ghani added, during a dialogue session at the Baghdad Dialogue Forum, that “Iraq burns large quantities of gas, and what is being invested is 56% of the product,” noting that “most of the gas currently produced is associated with crude oil, so with the increase in oil production, there is an increase in production.” gas, but we must have a facility capable of investing gas to benefit from it, especially in the processing of power stations.”

He revealed an "ambitious plan to invest gas, especially in the southern fields, which is now burning," pointing out that "the joint Basra Gas Company with the South Gas Company and Shell Company invests gas at a rate of up to 1,000 million cubic meters per day."

He pointed out that "there are more than 10 promising exploratory patches, most of which are invasive," explaining that "the ministry is in the process of preparing and preparing a bag of information for these fields, with a period not exceeding the seventh month of this year to announce them."

Yesterday, Sunday, the fifth edition of the Baghdad International Dialogue Conference, organized by the Iraqi Institute for Dialogue, kicked off for two days, with the participation of dozens of local, Arab and foreign political figures.

Commenting on the convening of the Baghdad International Dialogue Conference and its importance in favor of Iraq's restoration of its vital role in embracing regional and international initiatives, a member of the Parliamentary Foreign Relations Committee, Dr. Muthanna Amin, said in an interview with Al-Sabah: “Iraq has played a fundamental role in bringing points of view closer together. between the Kingdom of Saudi Arabia and Iran, because Iraq constitutes a bridge between the two parties in terms of geography, politics and sectarianism, noting that it is in the interest of Iraq and the region that the conflicts between the two neighboring countries end.

Amin stressed that "if Iraq regains its natural position, stability and sovereignty in full, it can solve many conflicts because it has a great strategic location in the region, in addition to the population, economic and political weight, and therefore it can actually play this role."

For his part, the analyst on international affairs, Dr. Haider Salman, said in an interview with Al-Sabah: “All Iraqi governments tended towards settling crises in the region after 2003, especially since all governments agree that settling crises in the region leads to stability in Iraq.” Specifically, the relationship between the Kingdom of Saudi Arabia and Iran because of their great and direct influence on the internal situation in Iraq,” noting that “the negotiation that took place between the two countries had a large part in its success for Baghdad, and it is clear that this will extend to reconciliation between the rest of the countries, and part of it may be Iran – Jordan.” Iran - Egypt, and Turkey - Syria.

While the independent politician, Omar Al-Nasser, told Al-Sabah: “The pivotal role of Iraq is not new, as it played great roles in pioneering and resolving differences between the countries of the region, and it is time for it to return to the ranks of Arab and regional influence because of its capabilities, energies, and economic and human resources that help to achieve this goal.” And he pointed out that “all conditions have become favorable today for Iraq to invest the opportunity of Saudi-Iranian rapprochement and harness that for the benefit of the country in particular and the region in general, as a serious step to restore security, stability and prosperity.” 

comprehensive economic.

And he continued: “After Beijing broke the ice between the two countries (Iran and Saudi Arabia), the opportunity became appropriate for Baghdad to melt it by hosting international and regional summits and conferences that would restore diplomatic relations to their previous state, given that the world began to change and the coming future and the center of gravity and international balance will be for the countries of the region.” The Middle East".

In turn, the political analyst, Dr. Abbas Al-Jubouri, said in an interview with Al-Sabah: “Iraq has always placed itself outside the policy of international axes, but it was a place for dialogue and dialogue, and the best evidence of that is what happened between the Kingdom of Saudi Arabia and Iran, as Iraq is considered one of the countries The articulation that has an impact in the Middle East at the level of the Arab, regional and international region, in addition to its capabilities ».

He added, "Iraq's politicians should invest in the conferences and dialogues that were held for the benefit of Iraq, and make these frequent and mutual visits between Iraqi and Arab officials serve the people, through discussions and conclusion of political and investment agreements and everything that is in the interest of Iraq."

 

Edited by: Muhammad Al-Ansari

[6ly410]

First Bank of Iraq launches global instant money transfer serviceSHARE ON MESSENGER

First Bank of Iraq launches remittance service...| Rudaw.net (rudawarabia.net)

ECONOMY

First Bank of Iraq launched the global instant money transfer service in partnership with Visa.

 

This came on the sidelines of the Fifth Baghdad International Dialogue Conference organized by the Iraqi Institute for Dialogue, and in the presence of Iraqi Prime Minister Mohammed Shia Al-Sudani.

 

The First Bank of Iraq launched instant money transfers to other banks around the world.

 

First Bank of Iraq is the first bank in the country to make digital banking a reality for the Iraqi people, as part of its strategic partnership with Visa, a leading global digital payments company, to transform the country's payments sector.

 

With this step, the First Bank of Iraq is the first bank to provide Iraqis with the service of global instant financial transfers.

 

It is noteworthy that the First Bank of Iraq is one of the sponsors of the Baghdad International Dialogue Conference, which kicked off on March 19, for two days, at the Babylon Rotana Hotel in the capital, Baghdad.

 

[Laid Back]

“The First Bank of Iraq launched instant money transfers to other banks around the world.”

 

Financial openness to the World.!

 

Go CBI 

Go new monetary policy 

Go international 

Go stronger dinar $1+

[boosterbglee]

Waiting for the transfer into my account.......on account I have no money!!!😇

[dinarham]

    I always like to go back to the problematic and somewhat funny issue of the sheer bulk of a worthless currency being traded around the world . Or ATM's ,which would have to be huge and fed with big semis several times a day . Or having to have 2 wheelbarrows full of dinar to buy 1 wheelbarrow .  Another thing , De La Rue printed a limited amount of the new iqd as the notes were very expensive to print ,and not geared for common usage . So it's a good thing that visa has moved into Iraq .

[Fairways&Greens]

1 hour ago, boosterbglee said:

Waiting for the transfer into my account.......on account I have no money!!!😇

Same 😅

[Fairways&Greens]

1 hour ago, dinarham said:

    I always like to go back to the problematic and somewhat funny issue of the sheer bulk of a worthless currency being traded around the world . Or ATM's ,which would have to be huge and fed with big semis several times a day . Or having to have 2 wheelbarrows full of dinar to buy 1 wheelbarrow .  Another thing , De La Rue printed a limited amount of the new iqd as the notes were very expensive to print ,and not geared for common usage . So it's a good thing that visa has moved into Iraq .

Everything you said is common sense logic. This kind of news is what Iraq was only talking about in the past several years. Now it is reality. All this banking infrastructure is setting the stage for implementation of a comprehensive strategy to move Iraq into the modern world of international banking and trading. Really vital progress! We’ve gotta be close. 

[NMP2017]

4 hours ago, 6ly410 said:

First Bank of Iraq launches global instant money transfer serviceSHARE ON MESSENGER

First Bank of Iraq launches remittance service...| Rudaw.net (rudawarabia.net)

ECONOMY

First Bank of Iraq launched the global instant money transfer service in partnership with Visa.

 

This came on the sidelines of the Fifth Baghdad International Dialogue Conference organized by the Iraqi Institute for Dialogue, and in the presence of Iraqi Prime Minister Mohammed Shia Al-Sudani.

 

The First Bank of Iraq launched instant money transfers to other banks around the world.

 

First Bank of Iraq is the first bank in the country to make digital banking a reality for the Iraqi people, as part of its strategic partnership with Visa, a leading global digital payments company, to transform the country's payments sector.

 

With this step, the First Bank of Iraq is the first bank to provide Iraqis with the service of global instant financial transfers.

 

It is noteworthy that the First Bank of Iraq is one of the sponsors of the Baghdad International Dialogue Conference, which kicked off on March 19, for two days, at the Babylon Rotana Hotel in the capital, Baghdad.

 

So wire transfers available again in Iraq. Warka Bank had SWIFT transfers and Mastercard available more than 12 years ago...Now if the CBI would only fully re-open Warka for business again!

 

Iraqi banks need to get their butts in gear and move into this century!

[caper]

Gentlemen, do you seriously believe we are ever going to get the opportunity to recover our investments in Warka Bank 

[Jaygo]

30 minutes ago, caper said:

Gentlemen, do you seriously believe we are ever going to get the opportunity to recover our investments in Warka Bank 

No. Why would you want to? 

[NMP2017]

I like to think we will. There has to be a reason why the CBI HAS NOT (for more than 10 years!) and WILL NOT publicly say that Warka is bankrupt, when they have for other banks. My fingers are crossed and prayers said!

 

Not that it appears Iraqi courts have any power and are ignored, but iirc way back in 2013? the top court in Iraq ruled in favor of Warka and against the CBI, ordering the CBI to "compensate and rehabilitate" Warka Bank.

 

🙏🤞

Edited March 26, 2023 by NMP2017

[screwball]

6 hours ago, NMP2017 said:

I like to think we will. There has to be a reason why the CBI HAS NOT (for more than 10 years!) and WILL NOT publicly say that Warka is bankrupt, when they have for other banks. My fingers are crossed and prayers said!

 

Not that it appears Iraqi courts have any power and are ignored, but iirc way back in 2013? the top court in Iraq ruled in favor of Warka and against the CBI, ordering the CBI to "compensate and rehabilitate" Warka Bank.

 

🙏🤞

Yep…reason is simple…they warka bank at the time was the largest private bank in Iraq with 80% of desposits made up foreign investors and money…now what happens when they get into trouble….everyone does a bank run which is what happened and people started pulling their money not to mention the directors stole billions and took off to Lebanon…warka is bankrupt and was placed under recievership…It’s still under guardianship…they did in. 2019 ask members if they wanted to buy shares in warka because there were talks that they were going to trade again and since then nothing…we wait

[Engine1]

8 hours ago, caper said:

Gentlemen, do you seriously believe we are ever going to get the opportunity to recover our investments in Warka Bank 

When I told the Comander of the base, I was on about opening up a Warka account to deposit the dinar I had in there....he told me to think it over again, and that he wouldn't do it..  he didnt say why just said take the dinar home with me and hold it there.  

Sorry that's all I got.