TNT:

Tishwash:  Al-Nusairi: Iraq's accession to the World Trade Organization contributes to the development of the financial and banking system

Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed during his participation in the workshop on the strategy of joining the World Trade Organization, which was set up by the Association in partnership and cooperation with the Ministry of Trade and trade unions, federations and private sector organizations.

Al-Nusairi said that one of the most important returns and benefits achieved by the financial and banking system in Iraq from Iraq's accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services, entering the circle of financial globalization and exchanging experiences with member states in the field of electronic technologies. Modern banking, financing and development of micro, small and medium enterprises.

Al-Nusairi referred to the new transitional phase for the banking sector, in accordance with the government's approach. In particular, paragraph 7 of Article 12, which emphasizes the empowerment, development and reform of banks in order to contribute to investment and development in accordance with the plans and adoptions of the Central Bank, which it works to include in its next strategy,

Which adopts a national strategy for lending, the establishment of a Riyada Bank for social development, support for young entrepreneurs and low-income segments, the establishment of a financial and business center and the establishment of Loan guarantee company, control of the safety of foreign trade, access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system.   link

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Tishwash:   Iraq calls on Britain to help him in various economic and service sectors

Iraq calls on Britain to help him in various economic and service sectors

The Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, called on the British side to help Iraq by providing technical support in various economic and service sectors.

This came during Hussein's meeting yesterday, Monday, with a number of committee chairs in the British House of Commons on the sidelines of his visit to London, based on the invitation extended to him by British Foreign Secretary James Cleverly, according to what was announced by the Iraqi Foreign Ministry today, Tuesday, where Hussein affirmed the Iraqi government's determination to build a strong economy. .

The statement added that the sessions dealt with discussions about the regional role played by Iraq in the stability of the region and the convergence of views between the regional powers and its keenness to be a meeting point in the region by bringing together regional powers through the Baghdad Conference for Cooperation and Partnership.

The statement quoted the Iraqi Foreign Minister as saying that the priorities of the Iraqi government are to provide services and diversify sources of income through contracts with major international companies and the optimal use of the country's wealth.

For their part, the heads of the committees affirmed their readiness to provide all kinds of support in a way that contributes to supporting and stabilizing Iraq and advancing its economy in a way that achieves prosperity for the Iraqi people, as in the statement.    link

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CandyKisses:  Rafidain announces the temporary suspension of electronic advances

Baghdad - Mawazine News
Rafidain Bank announced on Monday the temporary suspension of electronic advances.

The bank said in a statement, received by Mawazine News, that "the promotion of advances transactions submitted through the application of K services from Rafidain Bank was temporarily suspended."

“All applicants will be paid within the coming days after completing the grant procedure,” the statement added.

He added, "temporarily suspending the receipt of electronic advances transactions and to another notice came as a result of the effectiveness of the allocation granted to advances and loans."

He pointed out that "the bank will announce the date of re-apply after completing the grants for all current sponsors and registered."

He continued, "The bank continues to collect monthly installments from the dovaries where the deduction is done electronically." 

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