A partnership between the World Islamic World Bank and CR2 to develop banking services in Iraq

Economy| 11:18 – 05/08/2023

Baghdad – Mawazine News
The International Islamic Bank (IMTB) in Iraq has announced the signing of a strategic partnership with CR2, with the aim of developing banking services.
This partnership represents an important stage for the International Islamic Bank, as it will contribute to the transformation of banking services to digital form and enhance advanced digital banking solutions in the Iraqi market.
This partnership will provide secure and improved digital banking services for individual and corporate customers, with excellent user experience, simple payments, and access to a wide range of banking services anytime, anywhere.
The partnership will also include the development of a mobile banking application for the International Islamic Bank, which is compatible with the needs of customers and provides simple and digital financial services such as money transfer and electronic payment.
These innovative mobile banking solutions will enable customers to manage their accounts and access a wide range of banking services directly from their smartphones.
In addition, this partnership will develop new products and services that meet the current and future needs of the Iraqi banking market.
The partnership aims to increase reliance on digital technology services among the existing customer base, and expand the new customer base by improving banking services.
This partnership comes in response to the CBI’s vision for digital banking, and aims to promote digital transformation in banking by expanding the IIB’s digital presence in Iraq.
Kiran Kilkulin, CEO of CR2 commented, “We are pleased to sign this partnership with the International Islamic Bank to offer innovative solutions for digital banking services. It is an important step in meeting the needs of customers, and we are very proud of the opportunity of the role we play in supporting the bank with our experience and innovation from markets around the world. The banking and payments landscape continues to change, and we see many opportunities for banks taking up leadership positions using innovative, secure and easy-to-use digital solutions that enable their customers to succeed.”
Suha Al-Kafyi, Commissioner for the International Islamic Bank, commented, “It is important that we continue to develop and innovate the International Islamic Bank. This partnership with CR2 will provide us with the development of banking products. We are very pleased with this opportunity that will make future digital and banking solutions available, according to what is happening around the world. This relationship will ensure that IIB becomes a leading player in finding pioneering solutions for our customers both in the retail sector and in the business sector.”
About the International Islamic Bank
The International Islamic Bank was established as an independent financial entity, providing a wide range of services that meet the needs of individuals, institutions and companies, in addition to the basic services represented by personal and commercial accounts, Islamic Murabaha, investment financing, opening documentary credit, credit operations, letters of guarantee online, in addition to multiple electronic services.
We proceed according to a focused economic banking vision towards providing digital technological innovation (Banknk) in remote money management through an administrative staff specialized in the field of banking information management technology and creating an integrated digital banking environment that comes through the result of studying the cases of global development (for governance) mixed with the need of the market and business management to promote a tight digital banking economy in the market of Iraq, the region and the world. We are also proud to have received a 91% rating of the quality of services from the Central Bank of Iraq, a 4/5 rating certificate for (governance) practices and institutional innovation, and some important international awards, including the award for the best bank in the diversity of services and products in Iraq in 2022 by the International Federation of Arab Bankers, and other awards and participations.
Join us to shape the future of banks in Iraq.
For more information, please visit the website: http://www.imtb.iq
About CR2
CR2 is a leader in banking and payments, providing digital Egyptian solutions to the 100 largest banks in 60 countries around the world. The company is experienced in providing digital banking services such as card issuing cards and ATMs, and provides advanced solutions through its World Bank platform. In addition, access to fintech solutions through its external partners and its wide global presence.
The company aims to promote digital transformation in the banking industry, improve the customer experience and facilitate access to financial services via digital channels. For more information please visit http://www.cr2.com.

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Outcomes of the meeting of the Sudanese deputies and the regional delegation on the preparation of the oil and gas law

• Time: 2023/08/05 22:48:45
• Read: 455 times

  

{Policy: Euphrates News} The two Deputy Prime Minister (Minister of Foreign Affairs – Minister of Oil) and the delegation of the region held, on Saturday evening, a meeting on the preparation of the draft oil and gas law.

A statement by the Ministry of Oil, {Euphrates News} received a copy of it, said: “Based on the package of legislative reforms brought by the government curriculum, specifically what was stated in the twenty-third axis regarding the preparation of the draft oil and gas law and based on the directive of the Prime Minister Mohamed Shia Al-Sudani to expedite the completion of this project and with the participation of all relevant parties in this strategic national project, a meeting was held today in the presence of the two deputies of Al-Sudanese (Minister of Foreign Affairs – Minister of Oil), the delegation of the region, the governors of the oil-producing provinces, the advisers of the Prime Minister and the leading staff in the Ministry of Oil.”
He added, “The meeting dealt with the importance and objectives of this law and the need to achieve it as soon as possible with the participation of the region, oil-producing governorates and representatives of the Prime Minister’s Office. The atmosphere of the meeting was positive, reflecting the interest and keenness of all parties to complete the project as it represents part of the commitment of the ministerial curriculum voted on by the House of Representatives, as well as being the main pillar for investing oil and gas wealth with the best international practices in a way that ensures the interest of all the Iraqi people.”
The ministry’s statement continued, “The meeting resulted in the following recommendations:
1- Forming committees to follow up on this subject and organize for subsequent meetings.
2- A working paper is presented through the committees on the basis of the vision submitted by the ministry, the Kurdistan Regional Government and the productive governorates in the light of the discussions that took place during the meeting and the previous discussions to be studied through these committees until the preparation of the final draft of the oil and gas law.

https://alforatnews.iq/news/مخرجات-اجتماع-نائبي-السوداني-ووفد-الإقليم-بشأن-إعداد-قانون-النفط-والغاز

Parliamentary Finance: Central Bank will control the dollar rate and the new salary scale will cancel these allocations

Political| 10:23 – 05/08/2023

Baghdad – Mawazine News
A member of the parliamentary finance committee confirmed that the central bank is moving towards controlling the dollar exchange rate, while referring to the cancellation of allocations for green zone employees.
“The central bank is moving towards controlling the exchange rate and working to simplify the procedures for obtaining the dollar from the currency window on the central bank and the government, involving the private sector in the decisions, the government should ask traders about their problems and the reasons why they do not buy the currency from the central bank,” Moeen Al-Kazimi said.
He added, “There is seriousness from the Central Bank to address a lot of matters, and there has been a pruning in the administration, there is a change to about 100 positions in the Central Bank, there is a follow-up to private banks, hosting and accounting, so that the Central Bank applies its powers with real supervision of banks.”
He pointed out, “The amendment of the salary scale is meant to eliminate the disparity between the salaries of employees of different ministries, so now we see a desire among employees to move from one ministry to another considering that there is a wide difference between the salaries of ministries,” noting that “adjusting the salary scale from the first to tenth degree, will be by canceling unconvincing allocations.”
He pointed out that “there are allocations granted to standards that no longer exist today, working in the green zone 15 years ago was dangerous, but today this thing no longer exists, today the green zone is open to citizens, and yet these allocations still exist.”
He continued, “The goal of the salary scale is to address these differences, as some departments have reached 450%, so the salary is high, compared to the salaries of a ministry such as planning, science and technology, whose salaries are low.”
“The implementation of the proposed new salary scale will not burden the government financial burdens, but may provide a surplus, if the concessions granted in the previous period are eliminated, one trillion and 800 billion will be added to the budget, but if the concessions remain, an additional 9 trillion will be needed above the 60-70 trillion originally allocated.” It’s over 29/

https://www.mawazin.net/Details.aspx?jimare=232761

Al-Sudani: Iraq seeks to open up to cooperation and economic partnership with all countries

Political| 03:39 – 05/08/2023

Baghdad – Mawazine News
Prime Minister Mohamed Shia Al-Sudani confirmed today, Saturday, that Iraq seeks to open up to cooperation and economic partnership with all countries.
A statement by the Prime Minister’s Information Office said that “the Prime Minister received the Ambassador of the United Kingdom to Iraq Stephen Hitchen and discussed with him the overall public relations between the two friendly countries, and the most prominent ways to develop them in various fields, in the interest of the Iraqi and British peoples.”
The Prime Minister pointed out that “Iraq’s quest for openness to cooperation and economic partnership, with all brotherly and friendly countries, and its support for stability and development efforts in the region.”
For his part, “the British ambassador welcomed the steps of the Iraqi government in the field of economic reform,” appreciating “Iraq’s efforts and their positive repercussions on the region and the challenges it faces.” it’s over 29

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