The Association of Banks concludes the course «Audit and review of documentary credits»

Banks

Economy News – Baghdad

The Association of Iraqi Private Banks in cooperation with the Center for Banking Studies of the Central Bank and the Joint Efforts Group, concluded on Thursday, a training course entitled “Audit and review of documentary credits.”

The course, which lasted five days at the Association’s headquarters in Baghdad, with the participation of about 40 trainees working in the Iraqi banking sector.

The course targeted the staff of the credit and guarantee departments and the staff of the risk and operations departments.

The Director of Administration and Training in the Association of Banks Ahmed al-Hashemi in a speech during the closing ceremony, and attended by “Economy News”, “The Association selects very carefully professors who attend the training courses in order to upgrade the practical and scientific level of workers in Iraqi banks.”

Hashemi added, “The Association of Banks is working to train bankers in accordance with modern regulations in the areas of banking and other matters involved in banking, and according to the specialization of courses held.”

At the end of the ceremony, the trainees received certificates of participation from the Association, the Central Bank, the Center for Studies and the efforts group.  

http://economy-news.net/content.php?id=17812

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Abdul Mahdi’s office issues a statement on Prime Minister’s visit to China

Release date:: 2019/19/19 16:25

[Baghdad-Where]

Prime Minister Adel Abdul Mahdi issued a statement on Thursday on his visit at the head of a high-level delegation to the People’s Republic of China.

The Information Office of the Prime Minister, in a statement received [where], today that Abdul-Mahdi, sent a message to the Iraqi people read these words as we are on our way to the People’s Republic of China on a visit we want it to be a quantum leap in relations between the two countries, “indicating that” I have escorted a delegation of senior executives, including a number of important ministers and senior officials, including conservatives from all over Iraq. Wa Technology and its long contributions to the reconstruction and building of its sprawling country. ”

“China has been able to overcome the factors of poverty, underdevelopment and disintegration it suffered a few decades ago,” he said in his letter. Not only in terms of wealth, but also human, cultural, health, sports, artistic, social, scientific and security. ”

He continued, “Therefore we seek in our visit today to form framework relations for strategic partnership in order for Iraq to rise and rebuild its infrastructure, economy and society and make significant progress in getting rid of the factors of unemployment, poverty, illiteracy and underdevelopment,” pointing out that “Iraq, which has developed its relations with the West during the last two centuries and still wants In its preservation and development, it seeks today to deepen its relations with the East and Asian countries by virtue of thousands of years of historical relations and similar experiences that allow it to benefit from its rich experiences and experiences in this field.

He pointed out that “Iraq is one of the first countries that joined the initiative of the belt and the road where we seek to link the Near East to the Far East, what has been known historically Silk Road, which was also the way of spices.”

During the message, the Prime Minister referred to a visit to India. “Because our route passes through India, we stopped for a short time in New Delhi and discussed with Indian government officials the activation of the joint committee between Iraq and India, which has not met since 2013. The two countries, Iraqi oil occupies the first place in oil imports for India, and Iraq has trade, political and cultural relations with India extends to ancient times.

“Time does not allow long waits and missed opportunities,” he said. “We need deliberate, fast and direct decisions taken at the highest levels with officials of other countries that we aspire to establish mutually beneficial relations and sustainable partnership with them to help us achieve our ambitious programs, especially in the fields of agriculture, industry, armaments and education.” “Health, energy, communications, transportation, water and everything related to the construction and reconstruction of Iraq’s basic infrastructure, which is the lever of growth, and the basis of the great progress that befits Iraq and its people.”

He concluded by saying that “in order to achieve these goals we attended this large executive delegation to discuss and develop relations and draw plans, and to sign a large number of agreements that will bring significant changes in our economies and infrastructure and our various activities.”

Prime Minister Adel Abdul Mahdi left Wednesday evening for a several-day visit to the People’s Republic of China, accompanied by a high-level delegation of 16 governors and 9 ministers.

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Learn about the demands of the Kurdistan region of the federal government

Release date:: 9/19/19 16:21

[Baghdad-Where]

The Kurdistan Regional Government has submitted a six-point claim paper to the federal government in Baghdad, an informed source said Thursday.

The source said in a press statement, today, September 19, 2019, that Erbil submitted during its recent talks with Baghdad a paper of demands included 6 points are:

First: The provincial government will deliver oil to Baghdad on condition that the deposit of Iraqi oil revenues in one of the federal banks in New York on behalf of the Bank (FDA) and open a special account in this bank to the region away from the bank account of Baghdad so that it is not under the control of the federal government, and then send the region’s share To a subsidiary bank in the Kurdistan region.

Second: the disbursement of all financial dues of oil companies in the region in addition to the region’s debts, including Turkish debts, except loans to oil buyers.

Third: disbursement of one billion and 500 million dollars to the regional government to pay the salaries of its employees for the late three months of 2019.

Fourth: To ensure the payment of salaries and the budget of the region, including sovereign expenditures such as medicines and other services.

Fifth: the expenditure of transporting oil from [Khormla] in the borders of the Kurdistan region to the Turkish port of Ceyhan.

Sixth: the appointment of a representative of the region in the oil marketing company [SOMO] and send monthly reports of Iraqi oil sales to the Iraqi Council of Ministers instead of the Ministry of Oil, because the Kurdistan region has doubts about the control of some Shiite militias on the company (SOMO).

The President of the Republic Barham Saleh, visited the day before yesterday in Erbil, where he met with senior officials in the region, and discussed several files, including the federal budget for the next fiscal year, disputed areas and the drafting of federal laws.

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Nechirvan Barzani and Mohammed al-Halbousi call for political movement between Baghdad and Erbil

Policy

Mohammed Halbusi

Barzani

Kurdistan Regional Government

2019/09/19 07:32:21

President of the Council of Representatives Mohammed Halbousi, on Thursday, the President of the Kurdistan region, Nechirvan Barzani, during an official visit to the Kurdistan region to meet a number of officials.

During the meeting, they discussed political, economic and security developments in the country.

He called on the President of the House of Representatives to the need to create a political movement between Baghdad and Erbil;

For his part, the President of the Kurdistan region that the government of the region open to dialogue; to resolve all outstanding differences, stressing coordination with the federal government.

The meeting also discussed developments in the region and the importance of adopting dialogue to reduce tension and solve problems in order to avoid crises.

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Nasiri: Financial inclusion is the mainstay of real banking

Banks

Economy News _ Baghdad

On Thursday, Global Smart Card Company held an awareness workshop on financial inclusion and the role of banking finance, especially for small and medium enterprises, and the role played by the Central Bank in the development of plans and policies and preparation for the launch of the national strategy for financial inclusion as well as the role of electronic payment companies and service providers in contributing to financial inclusion.
The workshop was moderated by the Economic and Banking Advisor of the Association of Iraqi Private Banks, Samir Al-Nusairi, with the participation of the Commissioner for Banking Guarantees, Rula Faleh Ali Al-Saleh.
Speaking during the workshop, Nasiri talked about the concept of financial inclusion and the challenges that affected the low rate of financial inclusion in Iraq and highlighted the features of the Central Bank strategy for the years (2016-2020) and highlighted the contents and features of its five main objectives and sub-goals, which focused on the development of banking and stabilize the monetary system and rise Increase financial inclusion and promote microfinance. 
For her part, Al-Saleh highlighted the importance of financing SMEs and the development of this activity from 2006 to the present.
She pointed to the Central Bank’s initiative to finance projects and the reasons for not activating them as targeted.
Then there were interventions and discussions involving the staff of Rafidain Bank and the Global Smart Card Company.

http://economy-news.net/content.php?id=17808

Abdul Mahdi arrives in the Chinese city of Hebei to participate in the World Conference on Industrialization

Release date:: 9/19/2019 10:58

BAGHDAD: Prime Minister Adel Abdul Mahdi arrived Thursday in the city of Hefei in the People’s Republic of China at the head of a large delegation, to participate in the work of the World Conference on Industrialization.

Abdul Mahdi will address the conference, which is attended by many officials from different countries and heads of major Chinese companies.

The conference, which starts tomorrow, will begin with a speech by the President of the People’s Republic of China.

Prime Minister Adel Abdul Mahdi headed yesterday a large delegation of the People’s Republic of China on an official visit that lasts several days

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