Day: November 11, 2018

Walter

Agents of Change: the Opportunity for Tech in Iraq

12th November 2018 in Iraq Industry & Trade News, Iraqi Communications News

IBBC Tech Conference

Sunday 25 November

The Address, Dubai Marina

The Iraq Britain Business Council (IBBC) is bringing together the leading companies involved in Tech in Iraq to discuss the various strands of Tech and the evident possibilities for investment and engagement.

Interest in Tech in Iraq is rising rapidly, with a growing number of start-up hubs and University Entrepreneur Platforms, and especially within financial services as payments and transactions are increasingly automated.

IBBC wants to encourage development of the Tech sector in Iraq as a means to modernise the economy, provide new services for Business, Government and Consumer sectors, to support Education, Health, Finance and Energy sectors, and encourage jobs and activity for young people.

The Tech Conference will focus on three key areas of business opportunity:

The Start-up Economy

E-Government & Citizen

FinTech

Lead participants include Khudairi Group, Restrata Group, EY, Citi, Avaya, KRG Information Technology Department, Microsoft and SAP with more to be confirmed soon.

Register Here

Ashley Goodall of IBBC says:

“Tech industry is capable of rapid development, not only among young people, but also through investors and companies. We have witnessed London’s rise to be Europe’s lead tech destination in just 8 years and IBBC expect the opportunities in Iraq to take off similarly, as the country modernises and evolves educational and job opportunities for young people.”

IBBC is calling for more people and companies to invest into Iraq’ start-ups and to establish their businesses in the country. Attend our conference, free of charge, to hear about the unique opportunities on offer and the exciting new developments in the Tech Sector in Iraq.

The Tech Conference takes place in the Address Hotel, Dubai on Sunday 25thNovember from 2pm.

For more information please contact IBBC here –

https://www.iraqbritainbusinesscouncil.org/tech-conference

Media contact: Ashley.goodall@webuildiraq.org , London@webuildiraq.org

(Source: IBBC)

Iraq-businessnews.com

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Custodian of the United Bank for Investment: United Bank of the banks that work hard in Iraq

Walter

 

 Banks

Economy News Baghdad:

The governor of the United Bank for Investment, Imad Abdul Hassan Jihad, announced that the United Bank is one of the most reliable banks operating in the country.

Abdul-Hassan said in a press statement received by “Economy News”, that “United Bank for investment is one of the banks, despite the tough circumstances that passed, which is a reflection of the current conditions experienced by the country during the past years.”

“We would like to show that the replacement of the previous administration with a new administration by the Central Bank of Iraq is a confirmation of the status of the bank in the banking sector of Iraq.”

He pointed out that “United Bank is committed to its customers to pay all their dues and receive their deposits and continue to provide banking services to customers in all branches operating.”

http://economy-news.net/content.php?id=14342

President of the Association of Iraqi private banks: Iraq does not build only his sons

Walter

 

 

Side of the conference
 Emaar Construction

Economy News Baghdad

The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, stressed the need to build a generation of young people capable of building their cities destroyed by terrorism, stressing the need for an attractive environment to invest in these cities.

He said during the conference “Emancipation of liberated areas” held on the sidelines of the Baghdad International Fair, and attended by “Economy News”, “Iraq is built only by his sons,” stressing the “need to build a generation capable of this construction.”

He added that “to achieve the construction process must be provided jobs for them through loans and initiatives provided by the banking sector in Iraq,” pointing to “the need to provide investment environment for investors in liberated areas and give priority to the firm companies as well as the elimination of bureaucratic procedures.”

The governor of Anbar, Ali al-Dulaimi, said on the sidelines of the conference that the damage to the infrastructure structures ranged from 80 to 90 percent, pointing to the synergy that led to the return of a large part of the displaced within four months of liberation.

He stressed that the province does not know how much its share of the “Kuwait Conference”, “counting on the completion of the government lineup,” as he put it.

He added that Anbar province will witness the establishment of several projects in the next year, including the sewage project worth 140 billion dinars.

Meanwhile, the director of the municipality of Mosul, Abdul Sattar Khader al-Habo, said that “Da’ash destroyed on the right side 12,000 housing units, and the Shifa Medical Complex, which is similar to the medical city in Baghdad, was completely destroyed.”

http://economy-news.net/content.php?id=14343

Central Bank: We have come a long way in enhancing Iraq’s status

Walter

 

11.11.18
The governor of the Central Bank of Iraq Ali al-Alaq, Sunday 11 November 2018, that the actions taken by the bank was sufficient to move Iraq to the normal follow-up area.
“The banking procedures that we have taken have gone a long way in strengthening Iraq’s position in the AML / CFT classification, which today is a key and important issue in Iraq,” Al-Aallak said at the signing ceremony of the National Bank of Iraq, a memorandum of understanding with the International Finance Corporation (IFC). Cooperation between financial institutions and between countries.
He added that the classification that we obtained by the International Labor Organization, which transferred Iraq during the last few years from the gray area to the region continued follow-up and then we were able to reach the region the normal follow-up to which all countries are subject.
“This new indicator will enable all international financial institutions to open their doors and their relationship with our banking institutions in Iraq,” he said.
The Central Bank of Iraq was established as an independent bank under its law of 6 March 2004 as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies.

An Iraqi delegation is visiting Russia in preparation for Putin’s visit to Baghdad

Walter

 Journal News

An Iraqi delegation is to visit Russia to take part in the annual conference of the Strategic Vision Group of Russia and the Islamic World, which began Sunday,  as well as the coordination of President Putin’s visit to Iraq, and urged Russia to invest its weight in the region to adopt an initiative to stop the war in Yemen.

“Hamoudi, who is currently visiting Russia for the annual conference of the Strategic Vision Group of Russia and the Islamic World, which is taking place in Makhachkala, the capital of the republic of Dagestan, on November 13, visited Mr. Mikhail, Bogdanov, Russian Deputy Foreign Minister and Putin’s Special Representative for the Middle East and Africa. “

“Hamoudi discussed with Bogdanov bilateral relations between the two countries, which witnessed a major development in the economic field and convergence of political views, as well as coordination of President Putin’s visit to Iraq, and urged Russia to invest its weight in the region to adopt an initiative to stop the war in Yemen.

He continued, “Hamoudi made a proposal to the Russian government through Mr. Bogdanov to have its own initiative to resolve the crisis in Yemen, especially in light of the international consensus on its human dimension,” stressing that “Russia gained a special position through its credibility in its position in Syria and the problems of the region, With the Kingdom of Saudi Arabia and the Gulf States, Egypt and the countries of the region in general, and is aware of everything that is going on, which can be invested in ending the war in Yemen, “noting that” relying on parties is the cause of war and contribute to it can not solve the problem. “

“The two sides are radicalizing many Iraqi issues and what Russia can contribute to supporting Iraq’s stability and developing bilateral economic relations, especially under the new government, which has a promising platform,” he said.

http://www.aljournal.com/%D9%88%D9%81%D8%AF-%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%B2%D9%88%D8%B1-%D8%B1%D9%88%D8%B3%D9%8A%D8%A7-%D8%AA%D8%AD%D8%B6%D9%8A%D8%B1%D8%A7-%D9%84%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%A8%D9%88%D8%AA/