Iraq Economic News and Points to Ponder Thursday Afternoon 2-6-25

It Gives Gold And Huge Money .. The Iraqi Al-Ahly Bank Launches The “Honest And Transparent” Prizes Program

February 6, 2025 Last update: February 6, 2025  Independent/- The Iraqi National Bank announced the launch of the new award program for the "Zanakin" account for the year 2025, which is the largest in the history of the account in terms of value and diversity of prizes. The bank said in a statement,
 
 Zanakin’s customers will have the opportunity to win financial and in-kind prizes, whose total value reaches more than 3 billion Iraqi dinars distributed to more than 1,453 winners throughout the year, including luxury cars and gold bars in addition to the largest prize in the history of the Iraqi National Bank of the owner Good luck, which is the grand prize, and its value is one billion dinars.”

He explained,  "The prizes are in the form of daily prizes; 6 million Iraqi dinars distributed to 6 winners per day, while the weekly prizes are granted 4 gold bars of four winners every week.
 
In addition, a car will be awarded monthly to 12 cars throughout the year to the grand prize worth one billion Iraqi dinars for one winner at the end of 2025.

 The bank stressed that “the mechanism of drawing on the prizes depends on an electronic lottery system that guarantees integrity and transparency, while announcing the names of the winners through the bank’s social media platforms.
 
Also, communicating with the winners is also to ensure that they receive their prizes after confirming their eligibility according to the conditions of the program.
 
The account enables clients to increase their chances of winning daily, weekly, monthly and major prizes, based on the size of the deposited balance and the duration of its retention.
 
Besides, the account holders enjoy all other banking services and benefits provided by the Iraqi National Bank, which makes "Zanakin" the perfect choice for customers looking for an account that combines savings and true opportunities for profit.
 
For his part, the authorized director of the Iraqi National Bank, Ayman Abu Dahim, said,
 
“By launching the 2025 Zankin Awards, we confirm our continuous commitment to providing innovative banking programs.
 
The Zankin account is a platform that combines savings and distinctive opportunities that change the lives of the winners.
 
We seek to enhance the culture of saving among our customers by providing valuable and varied prizes that keep pace with their aspirations and realize their dreams.
 
We will continue to work to provide the best banking services that reflect our market leadership and meet the needs of our various customers.”

And "Zankin" is a useless saving account, which allows customers to benefit from a wide range of banking advantages in addition to winning prizes.

The account provides complete flexibility for customers, as they can access their money and make withdrawals at any time.

The account also allows the balance of the balance easily through the bank's ATM network.     
https://mustaqila.com/يمنح-ذهباً-وأموالاً-طائلة-المصرف-الأه/

Iraq, US Review Strategies To Enhance Financial Cooperation
 
Iraq   Amr Salem   February 6, 2025  An aerial view of a part of the Iraqi capital, Baghdad. Photo: AFP
 
Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, emphasized on Tuesday the value of collaboration with the United States in bolstering Iraq’s economic reforms and financial stability.
 
Sami’s remarks took place during her meeting with the Chargé d’Affaires of the US Embassy in Baghdad, Daniel Rubinstein, where the two sides discussed strategies to promote financial and economic cooperation between Iraq and the United States, according to a statement cited by the Iraqi News Agency (INA).
 
Iraq is committed to strengthening financial sectors and creating an appealing business environment, according to the country’s finance minister.
 
Rubinstein emphasized the United States’ eagerness to help Iraq with economic growth and to strengthen collaboration on financial reforms.
 
In order to accomplish shared goals, the US official emphasized the significance of ongoing collaboration between financial institutions in the two countries.
 
During a meeting held in October with the US Ambassador to Iraq, Alina Romanowski, Sami emphasized the significance of collaboration with the United States to advance Iraq’s current goals of financial stability and sustainable development.
 
According to the Iraqi finance minister, one of the key factors toward achieving the government’s objectives is the economic collaboration between the two countries.
 
As part of the strategic cooperation between Iraq and the United States, Romanowski emphasized the US commitment to continue aiding Iraq in several sectors, particularly in  the financial and economic areas.
https://www.iraqinews.com/iraq/iraq-us-review-strategies-to-enhance-financial-cooperation/

The Central Bank Of {Al -Sabah}: The Government Supports The Transformation Of The Digital Economy
 
First 2025/02/06  Baghdad: Hussein Thaghab  The Iraqi Central Bank affirmed that the government is working to develop the regulatory frameworks that support the transformation of the digital economy, especially in the field of electronic payment.
 
According to the representative of the Iraqi Central Bank at the Baghdad International Exhibition, the Virgin Taha Jumaa for "Al -Sabah",
 
"There is importance for the transformation that Iraq is witnessing towards the digital economy." Juma pointed out that
 
"one of the most important challenges facing the current stage is to gain citizens' confidence in electronic payment products, which will contribute to stimulating the hidden funds in homes and transferring them to the banking sector, as
 
this transformation is part of a larger strategy aimed at stimulating the national economy through investment Money in a way that serves major projects in the country. "
 
In the context of supporting digital transformation, Dr. Safwan Qusai, an expert in the financial sector, talked about the importance of strengthening financial inclusion as a primary priority in the context of expansion in the culture of electronic payment in Iraq. Qusai told Al -Sabah that
 
"this trend supported by the Iraqi government and the World Bank seeks to use advanced mechanisms and technologies aimed at providing financial services to the poor segment in society, which is in line with the goals of the Iraqi government in targeting the social classes that live below the poverty line Providing projects that help them improve their financial position. "

Qusai pointed out that  "digital transformation requires a variety of financial services and the development of banking products," noting that  "this change only comes by promoting banking culture among citizens."

 He added that  "providing a credit card for every citizen will contribute to the operation of the idle liquidity estimated at (70) trillion dinars.    https://alsabaah.iq/109738-.html    

Iraq Confirms Its Keenness To Enhance Cooperation With "NATO"
 
The second and the third   Baghdad: Morning  Wednesday, the President of the Republic, Abdul Latif Jamal Rashid, and Prime Minister Mohamed Shi'a Al -Sudani, expressed Iraq’s desire to enhance cooperation with NATO in the field of training and exchange of information and military industries, while the Sudanese received an official invitation to attend the North Atlantic Assembly in Brussels.

A presidential statement, which was received by "Al -Sabah", stated that  "the President of the Republic, the Secretary-General of the NATO (NATO) received Mark Rate, and the accompanying delegation, and during the meeting, the joint files between Iraq and NATO were discussed, as well as a review of the overall security situation in the region, As well as discussing a number of issues related to logistical support for the NATO Mission operating in Iraq.
 
The President of the Republic stressed, according to the statement,
 
"the need to expand the horizons of bilateral cooperation in the areas of providing advice, and contribute to building and developing the military capabilities of the Iraqi security forces."

He pointed out, "The development of the security services in all their formations and the growing capabilities in the field of training and preparation," stressing that
 
"Iraq has exceeded difficult conditions represented by the war on terrorism, and that the security forces managed to eliminate ISIS gangs and their remnants, and it has the readiness and ability to face various security challenges."

 Rashid explained that "today Iraq is blessed with security and economic stability, and that the political parties adopt the principle of dialogue between them," noting that
 
"relations with neighboring countries and the world are good, and we welcome the arrival of businessmen and investors to benefit from the opportunities in the country."
 
For his part, Rawah praised "internal stability and the return of normal life in Iraq," stressing  
"the NATO mission is keen to consolidate bilateral cooperation relations in the field of training, consulting and exchanging information, in a way that enhances the capabilities of the Iraqi armed forces with all its types."

He pointed to "the pivotal role of Iraq The important thing in achieving stability in the region."
 
Meanwhile, the Prime Minister stressed the importance of continuing communication to build cooperation relations with NATO.  A statement of his office, received by "Al -Sabah", stated that
 
"the Prime Minister received the Secretary -General of the NATO and his accompanying delegation, and during the meeting, the cooperation relations between Iraq and the alliance were discussed in the files related to capacity building and the support of the Iraqi armed forces in the areas of advice and training, as The meeting witnessed the discussion of developments in the region, the status of the armistice in Gaza and Lebanon, and the developments of the situation in Syria.

The Sudanese stressed, according to the statement, "the importance of continuing communication to build cooperation relations with NATO, within his consultative mission in Iraq, in light of the state of recovery, political stability and economic growth witnessed by the country, in a way that helps to practice Iraq for its pioneering role in the region," stressing
 
"preserving The balanced Iraqi position despite the challenges, as Iraq has maintained its higher interests, as well as supporting stability efforts in the region.  And Al -Sudani indicated that
 
"Iraq is looking at the interest of the NATO consulting mission in Iraq, and cooperation in the field of training, planning and exchanging experiences."
 
The Sudanese touched on the "ambitious war industries program supported by the government," stressing
 
"Iraq's desire to cooperate with NATO in the field of military industries, especially defense equipment, which contributes to enhancing security and deterring any possible aggression."
 
In turn, the Secretary-General of NATO expressed his appreciation for the Iraqi steps, and sent an official invitation to the Sudanese to attend the North Atlantic Assembly, which will be held soon in Brussels and delivered the speech of Iraq in it, and praised "the government's efforts in security developments and the state of stability and growth in the country,"
 
stressing "keenness NATO to strengthen the relationship with Iraq and enhance fruitful cooperation, especially in the field of military industries.     https://alsabaah.iq/109731-.html  

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