Al-Rasheed Bank announces the commission for issuing a {Nakheel} card

  • Time: 06/15/2022 21:52:28
  • Reading: 1,391 times
Al-Rasheed Bank announces the commission for issuing a {Nakheel} card

  {Economic: Al-Furat News} Al-Rasheed Bank announced that the commission for issuing a Nakheel card is only 10 thousand dinars, to be deducted electronically.

And the bank warned, in a statement that {Euphrates News} received a copy of it, “its customers not to pay any commission requested from them manually, and this is contrary to the controls set by the bank and the electronic payment company contracting with it.”
He affirmed, “receiving all complaints regarding the requested amounts of money other than the regulations.”

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Sadrist’s deputy will remain in parliament in the name of independence

06/16/2022 01:01

  • number of readings 679
  • Section : Iraq

Baghdad / Obelisk: The leader of the Sadrist movement, Muqtada al-Sadr, on Wednesday, allowed one of his bloc’s representatives not to submit his resignation and remain in Parliament.  

A spokesman for the Sadrist bloc, Haider al-Haddad, said in a statement that “the number of the resigned parliamentarians is 73, which is the number of the Sadrist bloc.”  

  Al-Haddad explained, “MP Burhan Al-Maamouri was nominated as an independent and won the votes of his audience, and then joined the Sadrist bloc. The man came with us and submitted his resignation, but an exception was made by Al-Samaha.”  

  The leader of the Sadrist movement, Muqtada al-Sadr, said earlier today that he had decided to withdraw from the political process “so that he would not participate in any way with the corrupt.”  

Obelisk – follow

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Finance Minister: The white paper revived the banking sector

Baghdad / Obelisk: The Minister of Finance, Ali Abdul Amir Allawi, directed, Wednesday, June 15, 2022, the Industrial and Al-Rasheed bank to support the economic process.

In a statement received by Al-Masala, the ministry said that Finance Minister Ali Abdul-Amir Allawi conducted a field visit to Al-Rasheed Bank and the Industrial Bank, to review the progress of business, tasks and banking services provided to citizens and employees, during which he also met with the managers of the two banks and their advanced staff.

The statement added that the visit comes as part of a series of visits conducted by Allawi, to find out the obstacles facing the work of the departments, bodies, banks and companies affiliated with the ministry, and work to overcome them as quickly as possible, as well as follow up the work of the banking sector and its application of regulations and laws.

Allawi stressed, according to the statement, that the Al-Rasheed and Al-Sinai bank departments represented by their general manager, Bassem Abdul Yusuf and Bilal Sabah Al-Hamdani, make every effort to raise the level of banking services provided, and expand the size of the actual contribution to the banking sector, because this sector is considered one of the pillars supporting any stable and vibrant economy.

He continued: We have adopted within the financial and economic reform plan (white paper) a project to revive the role of the government banking sector, which requires the two banks to play a pivotal and main role in supporting the industrial and economic renaissance process by providing absolute support to the productive sectors of the owners of local industrial projects and small projects, which will positively affect the Workflow and recovery of the overall national economy.

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Al-Sadr enters into a closed meeting with the resigned representatives of his bloc and informs them of his decision.. Photos

politicsbreakingMuqtada al-Sadrthoracic mass

 2022-06-15 20:00A-AA+

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, held, on Wednesday evening, a closed meeting with the Sadrist bloc’s parliamentarians who had resigned.

A source close to the Sadrist movement told Shafak News Agency that all the Sadrist bloc’s deputies who resigned from the parliament, along with the president and members of the political body of al-Sadr’s office, attended, today, to the office of Mr. .

The source explained, “The meeting came in response to the invitation of the leader of the Sadrist movement, Muqtada al-Sadr, to hold a closed meeting with them,” noting that “it is hoped that important decisions will be issued by al-Sadr after the meeting that will follow the evening prayers and dinner.”

The source revealed that the leader of the Sadrist movement told the Sadrist bloc’s deputies during the meeting that “there is no retreat from the resignation and withdrawal from the political process,” and thanked them for “obedience.”

The source also quoted al-Sadr as saying, addressing the resigned Sadrist bloc, “There is no going back for us with the corrupt… the matter in which you are asking for a referendum has been resolved.”

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Diebold Nixdorf deploys new ATMs in Iraq

15th June 2022 in Iraq Banking & Finance News

Diebold Nixdorf has announced that Al Qurtas Islamic Bank is the first to deploy its DN Series ATMs in Iraq.

The bank’s ATMs will be monitored by Vynamic View software to detect and prevent downtime, optimize performance and reduce costs for the bank.

Sara Ahmad, chief executive officer at Al Qurtas Islamic Bank, said:

“We are proud to be the first financial institution in Iraq to deploy the new ATM technology and look forward to providing innovative services to our customers.”

Habib Hanna, managing director, Middle East, at Diebold Nixdorf said:

“We are thrilled that Al Qurtas Islmaic Bank chose to install DN Series as its first ATMs.”

The project services and implementation are being provided by Offtec Iraq.

(Source: Diebold Nixdorf)

https://www.iraq-businessnews.com/2022/06/15/diebold-nixdorf-deploys-new-atms-in-iraq/

The Minister of Finance issues two important directives to the Al-Rasheed and Industrial Banks

  • Time: 06/15/2022 16:57:49
  • Reading: 2,197 times
The Minister of Finance issues two important directives to the Al-Rasheed and Industrial Banks

  {Economic: Al Furat News} The Minister of Finance, Ali Allawi, directed today, Wednesday, Al-Rasheed and Al-Sina’i banker to make maximum efforts to raise the level of banking services and play a pivotal role in supporting the industrial and economic renaissance.

The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. To subscribe, click here

This came during Allawi’s field visit to the Al-Rasheed and Industrial Bank; To view the progress of business, tasks and banking services provided to citizens and employees.
And his office said in a statement that {Euphrates News} received a copy of it, that: “This visit comes as part of a series of visits conducted by the minister to find out the obstacles facing the work of the departments, bodies, banks and companies affiliated with the ministry, and work to overcome them as soon as possible, as well as follow up on the work of the banking sector. and its application of laws and regulations.
Allawi stressed, “The Al-Rasheed and Al-Sinai bank departments represented by their general manager, Bassem Abdul Yusuf and Bilal Sabah Al-Hamdani, have made every effort to raise the level of banking services provided, and expand the size of the actual contribution to the banking sector, as this sector is considered one of the pillars supporting any stable and vibrant economy.”
Allawi said, “Within the financial and economic reform plan (white paper), we adopted a project to revive the role of the government banking sector, which requires the two banks to play a pivotal and main role in supporting the industrial and economic renaissance process by providing absolute support to the productive sectors of the owners of local industrial projects and small projects, which is reflected positively. on the progress of work and the recovery of the overall national economy.”

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Iraq repays $1.6 billion in gas debt to Iran

  • Time: 06/15/2022 23:11:50
  • Reading: 468 times
Iraq repays $1.6 billion in gas debt to Iran

  {Economic: Al Furat News} The Iranian Oil Minister announced that Iraq has paid $1.6 billion of debts owed to Tehran in exchange for gas exports.

The Ministry of Electricity announced yesterday that during the next two days it will start the procedures for paying the debts and dues of Iranian gas supplied to Iraq.

https://alforatnews.iq/news/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%B3%D8%AF%D8%AF-1-6-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D8%A5%D9%8A%D8%B1%D8%A7%D9%86-%D9%85%D9%86-%D8%AF%D9%8A%D9%88%D9%86-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2

The Minister of Finance issues two important directives to the Al-Rasheed and Industrial Banks

  • Time: 06/15/2022 16:57:49
  • Reading: 1,833 times
The Minister of Finance issues two important directives to the Al-Rasheed and Industrial Banks

  {Economic: Al Furat News} The Minister of Finance, Ali Allawi, directed today, Wednesday, Al-Rasheed and Al-Sina’i banker to make maximum efforts to raise the level of banking services and play a pivotal role in supporting the industrial and economic renaissance.

The useful summary.. In important news, you can find it on Al-Furat News Channel on Telegram.. To subscribe, click here

This came during Allawi’s field visit to the Al-Rasheed and Industrial Bank; To view the progress of business, tasks and banking services provided to citizens and employees. 
And his office said in a statement that {Euphrates News} received a copy of it, that: “This visit comes as part of a series of visits conducted by the minister to find out the obstacles facing the work of the departments, bodies, banks and companies affiliated with the ministry, and work to overcome them as soon as possible, as well as follow up on the work of the banking sector. and its application of laws and regulations. 
Allawi stressed, “The Al-Rasheed and Al-Sinai bank departments represented by their general manager, Bassem Abdul Yusuf and Bilal Sabah Al-Hamdani, have made every effort to raise the level of banking services provided, and expand the size of the actual contribution to the banking sector, as this sector is considered one of the pillars supporting any stable and vibrant economy.”
Allawi said, “Within the financial and economic reform plan (white paper), we adopted a project to revive the role of the government banking sector, which requires the two banks to play a pivotal and main role in supporting the industrial and economic renaissance process by providing absolute support to the productive sectors of the owners of local industrial projects and small projects, which is reflected positively. on the progress of work and the recovery of the overall national economy.”

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The Central Bank: Issuing letters of guarantee worth 9.3 trillion dinars

  • Time: 06/15/2022 15:25:28
  • Reading: 533 times
The Central Bank: Issuing letters of guarantee worth 9.3 trillion dinars

  {Economic: Al Furat News} The Iraqi Private Banks Association, in cooperation with the Central Bank of Iraq, organized a workshop on the “Letters of Guarantee Platform” established by the Central Bank of Iraq, in the presence of a number of ministries and banks.

The assistant director of the banking department, Ghazwan Ali Hussein, said in the symposium, that “the platform for letters of guarantee, since its inception until the end of the year 2021, has issued more than 30,704 letters of guarantee, with a total of more than 9.3 trillion dinars.”
He explained that “the platform for letters of guarantee plays an important role in regulating contractual issues between beneficiaries and customers, and protects government agencies and the private sector, from companies reluctant to implement projects, and it also increases the banking sector’s revenues.”
He explained that the letters of guarantee were suffering from major problems represented by defrauding state departments, by issuing letters outside the bank records, but the establishment of this platform eliminated all problems and limited corruption.
In turn, Deputy Executive Director of the Association of Iraqi Private Banks, Ahmed Al-Hashemi, said that “the platform has limited corruption and illegal procedures, and facilitated the beneficiaries’ access to the platform without any complexity, as beneficiaries and ministries can verify letters of guarantee by entering the platform electronically,” noting that “The banking sector is fully committed to implementing the directives of the Central Bank of Iraq in this area.”
He pointed out that the discourse platform contributed to the creation of a large database, through which companies and banks could be classified, and the contributor to the development of the economy.

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