Frank26 and KTFA Members "Welcome to the Fourth Week"

KTFA:

Doodlebug:   Nice, thank you Samson. Congratulations, Trade Bank! Congratulations, Iraq!

"This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Samson:
  JP Morgan gives the Iraqi trade bank the award of excellence in direct transfers
23rd September, 2019

The Iraqi trade bank has won the award for "Excellence in payments and automatic transfers" from the bank of JP Morgan Chase. The new prize will join a series of achievements of the bank During the year as one of the best banks in Iraq.

Faisal God, President of the Iraqi trade bank and chairman of the board of directors, received the excellence award during a recent ceremony held in Beirut by Ali Musa, head of banking at for central, Eastern and Eastern Europe.

 Middle and Africa. The STP award measures the quality of automatic payments and transfers that are done without any hand intervention, is an indicator of the speed of transactions, and helps to reduce the risk of errors, operating cost and actions..

 The STP prize also measures how fast and accurate Transfers between different international banks, time and risks.

The Award of the STP award depends on the number of electronic transactions performed by the bank, the ratio of international direct electronic transfer, and the measure of whether the actions are in line with the strict criteria of "JP Morgan chase".

The Iraqi trade bank (Bank) was successful by the 2018 JP Morgan assessment to be among limited banks around the world that won the excellence prize in direct transfers by 99.00 % MTI 103.

The Iraqi trade bank is the culmination of its tireless efforts in investment and infrastructure development and in organizing its national network to provide the latest banking systems and services to customers. In addition to the success of the bank by expanding its branches and Atms, improving its banking capacity by extending working hours and providing facilities for night deposits.

On the occasion of the award, Faisal God, chairman of the Iraqi trade bank and chairman of the board of directors, said: "We are very proud to receive this outstanding award. If it shows anything, it shows our constant commitment to focus on customer satisfaction and achieve Highest Global financial standards".

 "This award is crowned with our efforts to improve direct transfers, our efforts to address and develop international transfers to meet the growing and evolving needs of our customers, and it is an indication of the efficiency of our bank in dealing with bank transfers and reconciliation."

Ali Musa, head of banking transactions at for central and Eastern Europe, middle east and Africa, commented on the award: "The Iraqi trade bank wins this award in recognition of its consistent and consistent performance. On business implementation and delivery of services, managing money transfers by global standards, the focus on raising performance and transparency has contributed to the growth of the bank at the local and regional levels".

The Iraqi trade bank is constantly serving as one of the pillars of the Iraqi National Economy and is constantly enhancing the Iraqi government's share of its shares by expanding its business locally and internationally. Promoting and securing foreign investment has always been one of the bank's main objectives to promote investment within Iraq and provide its services as a reliable option for investors. In addition to improving the Iraqi economy and contributing to reconstruction.

"This award confirms the clear success achieved through the implementation of our strategy, which aims to set new standards in the Iraqi banking sector through innovation and outstanding performance. I take the opportunity to thank all the employees of the bank for their dedication and dedication that led us to this success and this award".

It is worth mentioning that the bank has received a number of awards this year including " Best Achievements 2019 " from the achievements forum in Milan, the international finance award, the " best local bank in Iraq 2018 " and " the best investment bank in Iraq in 2018 " during the distribution ceremony of the global finance magazine for banks in the middle east and North Africa", in addition to winning the " Best Commercial Bank in Iraq for 2019 " during the global Finance Magazine Awards ceremony in the British Capital London. He deserved the title " Best Banking Bank for individuals " and " best banking banking " From International Finance Magazine.

The Bank continues to play a central and influential role in the recovery and growth of the Iraqi economy through its strategic plan established until 2021, and the Iraqi trade bank continues to achieve more partnerships in the region and the world with all banking and commercial sectors towards prosperity Inside the Iraqi.   LINK

Iobey888:  Congratulations Iraqi Trade bank!!!! IMO..this is powerful and wonderful news for the citizens!!

BearCinnebar:  Good afternoon KTFA family….We noticed an interesting comment last evening from the You Tube live chat about:  QFS Quantum Financial System: 

We as country bumpkins have to ask is this really something that is now in place, or is it a work in progress ...Well here is some interesting coverage from a google search: IMO

https://en.wikipedia.org/wiki/Quantum_finance

http://www.blissfulvisions.com/articles/quantum-financial-system.html

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Don961:  Theft of Iraqi funds: 6 thousand imaginary projects at a cost of $ 178 billion

Previous demonstration in Basra demanding the fight against corruption (Haider Hamdan / AFP)

Baghdad - Salam Jaf and Mohammed Ali

23 September 2019

Corruption continues to  plague Iraq, despite  government measures aimed at besieging it. A recent parliamentary statistics revealed that there are more than 6 thousand imaginary projects since 2003 cost Iraq $ 178 billion.

An Iraqi official in the office of Prime Minister Adel Abdul-Mahdi said that 30 per cent of the projects were sponsored by the Americans.

The government official, who spoke on condition of anonymity because he was not authorized to speak to the media, said that the remaining 70 percent of the mock projects took place during the time of successive Iraqi governments after the departure of the Americans. The second, including residential, tourist and service complexes, which he himself laid the foundation stone for, but ended up unknown and did not see the light, although the amounts were spent from the public budget.

As to whether the current government has the ability to open this file, the official said: "It will be a very serious file, because many political leaders are involved in it, not only include Maliki, but most of the current political leaders in the country."

"The number of fake projects in Iraq since 2003 (after the US-British invasion), up to this year, has exceeded 6,000 projects," said Jassem al-Bukhati, a member of the Iraqi Parliament's Services Committee. It is about 200 trillion Iraqi dinars, or about $ 178 billion, over the past 16 years. 

The MP called, in a parliamentary session, the day before yesterday, to "open the file of those illusory projects that caused a large waste of funds of the state budget," stressing that "the government must hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have Fact on the ground. " 

Iraq has been plagued by corruption for years and ranks 12th among the world's most corrupt countries, according to Transparency International's latest report.
Riyad al-Tamimi, a member of parliament's economy and investment committee, told Al-Arabi Al-Jadeed that "Resolution 347, which was adopted years ago, allowed companies to annul a contract with the consent of both parties or settle, complete or invest the project they are working on." He pointed out that "this decision is bad and wasted more than 4,000 projects as infrastructure since 2008 and until 2014 and caused the waste of public money."

He pointed out that "the corrupt exploited this decision for their own interests and for the agendas of corruption, and this is proven and personalized and at the level of the Commission of Inquiry on this subject." Al-Tamimi accused "all governors of legal irregularities in the implementation of projects."

MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," and revealed to the "new Arab", that "until the moment did not establish one school of them, and included in the mock projects, and the ministry did not Accountable to the negligent and corrupt in this project, which is now in the cabinet. "
He pointed out that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."

Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."

He blames state oversight bodies for failure to deal with corruption and illusory projects. A member of the Parliamentary Integrity Committee, Kazem al-Sayadi, told the "New Arab" that "the regulatory agencies in the country were very bad in monitoring public money and follow-up," and felt that "the number announced for the fake projects may be less than the real number, there is a blackout on the issue of corruption in The state, not to show the theft of the people's money, and the political blocs are involved in corruption. "

As for the most prominent sectors in the phantom projects, the housing sector came first, then agriculture, health and education, as well as infrastructure such as roads, bridges and sewage networks, according to an official at the Financial Supervision Bureau, who spoke to the New Arab. This is an estimated 200 trillion dinars and may be more.

The official, who asked not to be named, asked about Nouri al-Maliki's projects he announced south in his second term, and why he is not being held accountable. 

And where the money spent for her? Stressing that the provinces of Baghdad, Babylon, Karbala and Basra, the most provinces of Iraq that have been carried out by the fake projects in the country.


The Iraqi national income since 2004 is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period, in addition to the governments after the occupation received about $ 200 billion in grants, loans and various assistance, most of which came from the United States and various European countries.

However, the country has so far suffered from a clear collapse in the sectors of health, education and services such as water and electricity, as well as the deterioration of infrastructure, which has not been any modernization or addition, despite the increase of the population in the country to nearly 40 million people, compared to what it was before the occupation by about 29 million people. 

On the effects of worsening corruption and waste of public money, says the Iraqi economist Ali MPs that the government will not succeed in the effort to attract foreign investors, including the Chinese, to its yard, unless you give them confidence that they will not be subject to extortion or problems, the influence of militias reached intervention in the work of companies Corruption is ravaging government institutions, and there is confusion in investment laws.

He pointed out that the reasons for the failure of Prime Minister Haider al-Abadi in his visit to China in 2015 still exist, and did not change in the government of Adel Abdul Mahdi, but may have increased.

This comes in conjunction with Abdul Mahdi's visit to China, which was considered more economic than political and aims to attract Chinese companies to Iraq to enter into many sectors, the most important of which is housing, energy and infrastructure.

"On arrival in Beijing, Abdul Mahdi held talks with Chinese officials focused on the government's vision of the relationship of cooperation and partnership between the two countries, and the renaissance achieved by Beijing to benefit from its successful experience," a statement from the Prime Minister's Office said.    link

Frank26:  WELCOME TO THE FOURTH WEEK

September 23, 2019

THE FOLLOWING VIDEO IS STRICTLY IN FRANK'S OPINION

https://youtu.be/V2e-sBiUvak?t=2

https://www.youtube.com/watch?v=V2e-sBiUvak

Frank26, KTFADinar Recaps 20