Keywords: The banking sector is the first beneficiary of technological developments in the world



Iraq’s central bank governor said on Wednesday that the banking sector will be led by the future of information technology and will be the sector affected and the first beneficiary of technological changes and technologies.

Al-Alak said in a speech at the opening ceremony of the Monetary Management Center of the National Bank of Iraq, that “the speed today has become an important element in the management The banking sector is about the speed and accuracy and diversity is the most need to use these developments. The monetary mentality will lead the banking sector not only in Iraq, but in the world All “.

“In 2006, five energy companies and one technology company were leading the world, while now five international companies are the months and only one energy company,” he said. “He said.

“We have been delayed by decades and we are able to catch up with the ability to absorb development. Young people have proven to be able to interact positively with the technological developments in the world.


Iraqi-Kuwaiti meeting in the framework of the joint agreement with the port of Safwan

money and business

Economy News _ Baghdad

The Minister of Commerce, Mohammed al-Ani, on Wednesday, to the province of Basra in preparation for meeting with his Kuwaiti counterpart Khaled Nasser Al-Rowdan at the port of Safwan border within the framework of the joint agreement to rehabilitate the port.
The ministry said in a statement received by “Economy News” a copy of it, “The Minister of Commerce, Mohammed al-Ani arrived, today, to the province of Basra in preparation for meeting with his Kuwaiti counterpart Khaled Nasser Al-Rowdan in the port of Safwan border.”
“The meeting between the two ministers will discuss the development and rehabilitation of the port of Safwan Abdali in implementation of the agreement signed between the two countries, for the purpose of development and facilitate the movement of transport, which leads to increase the volume of trade exchange between the two countries and the provision of financial resources.
“The minutes of the meeting between the Iraqi and Kuwaiti sides last February stipulated the implementation of a draft free trade agreement between the State of Kuwait and the Republic of Iraq and the establishment of a free trade zone.”
The ministry added that “in the light of the minutes, the issue of entry visas for businessmen to the two countries was discussed. The two sides also discussed the rehabilitation of Safwan al-Abdali port to facilitate the movement of transport leading to increasing the volume of trade exchange between the two countries. And invite specialists from both sides to meet and coordinate to complete the technical aspects. ”
She pointed out that “a joint working group was also formed between the two countries to prepare plans, economic feasibility studies and the requirements of rail links between the two countries, as well as the formation of an economic committee to promote and develop trade and economic relations,” indicating that ” And investment protection. ”
The ministry said that “the minutes of the previous agreement also included follow-up outputs of the Kuwait Conference and the frozen balances in the banks of both countries, in addition to the agreement of the two sides to hold meetings of the Iraqi Kuwaiti Committee at the earliest opportunity.”

Today .. Oil signed an agreement with Honeywell to deal with gas

Gas burning


Economy News Baghdad

The spokesman for the Ministry of Oil, said that Alwazra will sign an agreement today with the company Honeywell America; to deal with natural gas from the oil field of Artawi in the south of the country.

Asim Jihad, in a statement issued on Tuesday and briefed by “Economy News”, that the memorandum of understanding will be developed later to a contract to process gas from 5 oil fields.