18/11/2017 12:00 am
The World Banking Conference for Development and Investment recommended by
Baghdad / Sabah
The World Banking Conference for Development and Investment in the Cypriot capital of Nicosia discussed means of cooperation and coordination between central banks to control the movement of funds and make them on the real investment path that contributes to the sustainable development of all economies.
Conference recently concluded in the Cypriot capital , Nicosia, and participated in its activities of the Central Bank of Iraq and organized by the
Iraqi – British Chamber of Commerce in cooperation with the Central Bank of Cyprus, saw the participation of local and international quality
in order to activate international cooperation with
Iraq , which has become the focus of effort the
world advanced after turning the page of terrorism “Daash” and the direction of the economic field.
Secretary General of the Iraqi-British Chamber of Commerce and Industry Sami Kashkoul told Al-Sabah: “The conference recommended cooperation with the Iraqi government to achieve economic and financial stability, coordination with the international community aimed at reaching the country to a solid level of dealing with international banks and establishing the rules of combating money laundering and financing of terrorism. On the movement of money and suspicious cases after defeating “calling” the terrorist to grant loans from foreign banks.
Real Estate Investment
Kashkool added that the conference “recommended in coordination with the Chamber of Commerce and the Iraqi Cypriot British Chamber of Commerce for the purpose of exchanging experiences and open up channels promote investment opportunities especially in the field of real estate investment adoption of a strategy for cooperation in order to enhance sustainable development.”
The conference worked to gather a large number of banking and investment expertise and its role in opening the horizons of cooperation between the Iraqi and Cypriot governments in an atmosphere of serenity and cordiality that prevailed in its activities. This led many of them to propose that the conference be held periodically.
Bank of Iraq Governor of the Central Bank of Iraq d. On the links between “the presence on the international scene is important and open new horizons of cooperation that would benefit the country.”
“Iraq has made great progress
in the development of its financial sector, and
it has been able to prepare human resources with
international capabilities after engaging them in
specialized courses under the supervision of the best international experts,” he said.
A rich country , in
turn , said the Central Bank of Cyprus Governor Kristala Aorgadja: We have “rid Iraq of terrorism” Aldaasha “and began international companies pulling its sights toward it , especially that everyone knows that Iraq is a rich country and cooperate with him to achieve gains and require large amounts of capital , ” asserting her happiness ” (Cyprus) where we have had the opportunity to learn about the reality of work in Iraq and the movement of the financial sector and opportunities available. ”
Director General of Payments at the Central Bank, Souha Abdel Kareem, described the conference as “an important step in opening up to the outside world, where it achieves friction with the international effort specialized benefit in all cases.”
Spokesperson of the Central Bank of Iraq d. “The importance of this conference comes within the framework of the Central Bank’s efforts to restore banking relations with international institutions and banks, especially after its successes in the field of combating money laundering and terrorist financing, the confidence of international organizations in the Iraqi banking system and the desire to benefit from the investment opportunities available in the country. Iraq declares the final victory over the remnants of “calling” the terrorist and seeks a new stage of stability and economic growth.
In turn, the Director General of the Real Estate Bank d. Khaddair Abbas Al-Zuhairi, that “the conference is on the role of fiscal policy in achieving economic stability, and represents a point of openness to the outside world, because we are part of it, and a point of openness to Europe,” noting that “the conference established a window of cooperation between businessmen in both countries, “A lot of things have been discussed with the Cyprus Central Bank and the finance minister there.”