Posts Tagged ‘Islamic banking’

Economic

08-12-2013 08:14 AM
Baghdad (newsletter). The Commission invited the parliamentary economy and investment, the need to use international experience and global organizations to develop the banking system, according to developments in global banks.

The Rapporteur of the Committee, said MP mahma Khalil (News Agency): the Iraqi banking sector still suffers from a significant failure on developments in global banks, noting that the development of the banking system is indispensable for boosting the national economy. (more…)

Advertisements

Screen Shot 2013-11-19 at 1.54.15 PM11/19/2013 12:00 AM

Through the sponsorship of the Business Forum and the Iraqi investment – British

Prime Minister Nuri al-Maliki that Iraq possesses investment program and wide in all economic sectors, indicating that the country’s policy to increase oil production comes in response to the requirements of development under the possession of the elements of economic advancement. (more…)

15-11-2013 08:49 AM
Baghdad (newsletter). He is a member of the Finance Committee MP/iraqiya Hassan Al-Bayati, the need for a new law to keep pace with the evolution of international banks to develop the work of the local banks.

He said Al-Bayati (News Agency): the amendment to the Banking Act of 2004 new purpose because many legal loopholes was hindering the work of the local banks, especially in the use of modern technologies in banking. (more…)

10-10-2013 10:29 AM
Baghdad (newsletter). The parliamentary Finance Committee noted the existence of technical and administrative problems have prevented the development of the banking sector in the country, saying that local banks are still lags behind the world in terms of techniques and developments.

The Vice-Chairman of the Committee, said attorney Ahmed Faizullah (News Agency): local banks still follow the old traditional systems used manual work especially in censuses and other, causing delayed delivery of banking transactions and the increase of financial and administrative corruption. (more…)

09/19/2013

Revealed the Finance Committee in the House of Representatives for an expanded meeting will be held during the next few days to develop a new mechanism serves the work of banks in the country, indicating it is waiting for a bill from the government outlining dealing with the banking system in the future in a manner consistent with the methods adopted in developed countries.

A member of the Finance Committee secretary Hadi said in a statement singled out by the (New Morning) We «the process of holding an expanded meeting brings together representatives of government and private banks in 22 of the current month to discuss the work of the banking system in the country», adding that «the mechanisms currently approved not consistent with the development of the World countries. (more…)

09-05-2013 11:08 AM

Baghdad (newsletter). Banking expert blamed the beautiful name, why the banking sector a lack of common understanding and cooperation between the Central Bank and private banks, in terms of logistical and technical assistance.

A beautifully (News Agency): there is a common understanding and coordination between the Central Bank and private banks on the development of the banking system and identify the most important obstacles to finding appropriate solutions. (more…)

Banker: the banking sector has the potential to qualify to compete with global banks
Date: Sunday 03/10/2013 06:21 pm

Likely banking expert Mohsen Ali, the development of the banking sector and promotion in the coming years and make it a global competitor, what possessed of great potential, calling “to creating a solid legislative environment to support this important sector. (more…)

23/02/2013

Baghdad (news) confirmed banking expert Mohsen Ali, the importance of introducing banking systems modern work of local banks private and government to keep pace with the evolution in the banking field and linked banks world.

said Ali (of the Agency news): The banking sector a major role in supporting and developing the investment process and the economy In general, must be provided a suitable ground for the support and promotion. (more…)

Date: Monday 18/02/2013 06:31 pm

He attributed the number of deputies and specialists in banking reason behind the Iraqi banking sector for Global to legislation old still followed the local banking system. Calling during their talk to the need to encourage international banks to open branches in Iraq to create an atmosphere competitive between local and foreign banks and to benefit from the transfer of expertise and developments in the banking field. (more…)

Posted on 13/02/13 03: 18 AM

optimized banking expert blamed the declining investment in the country’s underdeveloped banking system and lack of security stability, stressing the need for a sophisticated banking system to attract foreign investors and to facilitate financial transactions for investors.

He said: the promotion of investment process in the country requires a well-developed banking system works according to the modern technology to facilitate the work of foreign investors who intend to invest in Iraq. (more…)

Monday January 28, 2013

Received MP Najiba Najib member of the Finance Committee on Monday, 28/1/2013, at the headquarters of the Commission and a delegation from the Iraqi Central Bank and government banks included Mr. Mustafa Ghalib scary Director of Legal Affairs at the CBI and Acanutormagd Mohammed Hassan Suri unit manager restructuring of government banks and Mr. Walid Idi Abdul Nabi, head of statistics and research at the Central Bank of Iraq. (more…)

23/01/2013 12:00 am

Announced by the Finance Committee MP Najiba Najib, the intention of its for the special conference for the development of the banking sector with the participation of international partners and experts bankers (more…)

Date: 13/01/22 07: 28: 23 Tuesday

Baghdad (newsletter) … Finance Committee Member said a Deputy from the Kurdish Coalition bloc//Risalat Najib, the intention of its Special Conference for the development of the banking sector with the participation of international partners and bankers.

Najib said (News News Agency): the parliamentary Finance Committee on the convening of a Special Conference of the banking sector in cooperation with international partners to promote and develop the Iraqi banking sector to public subnet entry area and amend legislation. (more…)

21/01/2013 12:00 am

confirmed Association of Iraqi private banks that opportunity for banks civil to enter deeply into the global financial markets, especially after the recent decisions issued by the Central Bank for the development of the banking sector, it is obliged to develop itself and to use the banking systems advanced.

authoritative source in the Association said “morning” The global banking sector is witnessing developments equal in the use of technology, which appear with banking products adapted to these systems at a time when Iraqi private banks and access to such activities and the use of this technology and (more…)

Confirmed the Finance Committee in the House of Representatives that the national economy will be affected all sectors if they are not ambulance banking sector, at the same time reported the Association of private banks that the private banking sector began to grow increasingly.

said committee member Faleh sari told Euphrates News that ” the banking sector of the important sectors and vitality and contribute significantly to the calendar and stimulate the national economy, whether that relying on the basis of internal movement or on investment and attract money and also helps a great help in the volume of imports and foreign contracts. ” He pointed out that “when we open letters of credit must be there Banks sober able to be equipped to deal with the corresponding international. ” (more…)

A member of the parliamentary Finance Committee Faleh applicable to the national economy in all sectors will be affected if there is no ambulance in the country’s banking sector.

He said in effect, told {Euphrates News} Saturday that “the banking sector of the important sectors and vital and significant contribution to the calendar and stimulate the national economy, whether that relying on internal traffic or on investment and attract money and also helps a great help in the volume of imports and foreign contracts. ” (more…)

Baghdad Economic Forum recommended banking and the development of the retail payments system through the adoption of the latest information technology systems and electronic payments. ”

He’s recommendations in his closing statement today, today, “the importance of activating Mrkzaltdreb banking within the central bank’s plan to develop the Iraqi monetary policy in Iraq and raise the level of banking culture and diversification of banking services in cooperation with the Union of Arab Banks and the Union of Iraqi banks. ” (more…)

Date: 13/01/05 10: 57: 46 Saturday

Baghdad (newsletter) … Member of the Finance Committee of the National Alliance Deputy//Secretary Hadi Abbas, Iraq lacks advanced technology banking environment resulted in a large gap between the work of local and international banks.

He said Abbas (News News Agency): the main reason preventing the global banks discreet work in Iraq due to the lack of sophisticated banking environment and absence of legal legislation adapted to the evolution in the world of banking. (more…)

Agency news – 12/14/2012 – 12:51 pm

Baghdad (news) .. Called financial expert Khaled al-Bayati, to the need to amend the Banking Act General format support financial and banking sector in the country.

Bayati said (of the Agency news) Friday: The Banking Act current number (94) for the year (2004), contains the items and materials are inconsistent with the work government and private banks, as well as he does not recognize Islamic banking has made ​​banking system is regular. (more…)

Date: 2012/12/10 11: 31: 18 Monday

Baghdad (newsletter) … Improved banking expert called to the need for attention to the banking sector through the introduction of advanced electronic systems in its work for the purpose of granting the necessary confidence for foreign investors to invest in Iraq.

I know (News News Agency): to develop the banking sector with modern technology has become an urgent need at the moment to boost investment in the country, the fact that the investor today needs a modern banking system is his money on potential risks. (more…)

Date: 2012/12/02 12: 42: 24 Sunday

Baghdad (News)/report/Hussein Faleh/… A number of experts and specialists to Iraqi banks with government branches are not sufficient to contribute to the economic development of the country, indicating that each (50) people need one bank for banking needs, no boundaries (640) banks.

He interviews (News Agency news) on the need to encourage global banks discreet to open branches at home to strengthen banking and to stimulate the national economy. (more…)

on 12.01.2012

Economic expert said Jalil al-Rubaie, the importance of restructuring the banking sector branches of government and private sectors through the capital increase and the introduction of modern banking technology in their work, for the advancement of the national economy . (more…)

Economic Summary

Legal amendment and investment banks

According to a member of the economic and investment commission in the House of Representatives Qusay Juma Ebadi, the importance of a legal amendment and investment banks format to facilitate the work of investors and encourage them to invest in Iraq. (more…)

Date: Saturday 10/20/2012 05:35 pm

According to a member of the economic and investment commission deputy Qusay Juma Ebadi, the importance of amending the investment banks and legal format to facilitate the work of investors and encourage them to invest in Iraq.

Said Ebadi on Saturday, “The Iraqi banking sector needs to support the government to restructure and make it keep pace with international banks by amending its law format that allows him to invest and participate to create a banking system Rezin attractive for investment.” (more…)

Date: 2012-08-22 10: 25: 07 Wednesday

Baghdad (News) … Invited Member of the Committee on the economy and investment/National Alliance Deputy/ÚÈÏ çáúèçó sheyaa, allowing investment banks to international development in support of the investment process and create a competitive atmosphere between them and local banks.

Said sheyaa (News Agency news) on Wednesday: that global banks high capitalization discreet and considerable expertise will create a competitive atmosphere among local banks in terms of providing the best service at the lowest cost, when you have the opportunity to enter the Iraqi environment, as well as support the Iraqi banking sector and its development through the transfer of global experience. (more…)

Tuesday, August 14 / August 2012 08:03

Member of the Committee considered the economic and investment banks, Salman al-Moussawi current law that limits the work of private banks, stressing the need for modified opens to the private sector to operate freely.

He said in a statement to all of Iraq [where] the day that “the banking sector from the jurisdiction of the Finance Committee in developing the resources of Iraq, but the result of the work of those institutions is reflected on the Iraqi economy pushed us to engage as partners in supervising the work of financial institutions, including government banks and the Central Bank of Iraq.” (more…)

Called for a banking expert Ghazi Kanani need to speed up passage of the Banking Act to support the new banking sector in Iraq, the fact that the current law is inconsistent with other laws making banking work irregularly.

Kanani said in a press statement today: Some of the paragraphs of the Banking Law No. (94) for the year in 2004 marked by a lot of mistakes and conflict with other laws as sanctions law which made ​​the work of banks in Chit is not a regular. (more…)

08/06/2012 0:00

BAGHDAD – Al Sabah
said Bassem Jamil, an economist, the importance of restructuring the banking sector branches of government and private sectors through the capital increase and the introduction of modern banking technology in their work, to drive investment and sustainable economic development in the country. (more…)

On: Sun 05/08/2012 19:42

.
Emphasized the economic expert on behalf of Jamil “the importance of restructuring the banking sector branches of government and private sectors through the capital increase and the introduction of technology of modern banking in their work, to drive investment and sustainable economic development in the country. (more…)

Date: Wednesday, 11-07-2012 11: 07 am

Baghdad (News) … The Executive Director of the Association of private banks, the goldfinch-final stages to start PBX system between national banks, a joint Commission of the Central Bank and the ministries concerned to choose the best offers from global companies to manage.
(more…)