Posts Tagged ‘Standard Chartered’

Attract investments and foreign banks for the country

Iraqi Central Bank announced on Tuesday, for the organization (the Second Annual Conference of the financial sector in Iraq), the end of January 2014 the next in the Emirate of Dubai, in line with the growing strength of the growth of economic development in the country, noting that the conference aims to display his strategy for financial and economic development, and attracting investments and foreign banks for the country, while a bank official confirmed the British, on the importance of the creation of “comprehensive development” of infrastructure finance and banking to prop up the Iraqi economy, “a large and ambitious development process.” (more…)

11-12-2013 08:19 AM
Baghdad (newsletter). Commission on the economy and investment, the importance of global banks to open branches in Iraq to create a competitive atmosphere among local and foreign banks to provide better banking services.

The Rapporteur of the Committee, said MP/Kurdish Alliance/mahma Khalil (News Agency): the Iraqi banking sector is still lagging behind developments in global banks, therefore bringing global banks discreet to open branches in Iraq will work primarily to broadcast culture and identify the most important technologies involved in banking, which will spur local banks to develop their work. (more…)

02/12/2013 15:37

Banks entered the global and Arabic, despite the circumstances to the Iraqi market to invest and operate Pkuadrha local, Arab and foreign, as it was unable to security incidents experienced by the country of suspended life, but escalated the opening of these banks, whether in Baghdad or the provinces, which led to a boom in economic activity and easy movement capital to invest. (more…)

Screen Shot 2013-11-29 at 3.42.07 PMMaliki: Open Branch President for Standard Chartered Bank in Baghdad message that Iraq is not isolated from the world

Prime Minister Nuri al-Maliki opened the branch president for Standard Chartered Bank in Baghdad, “a message that Iraq is not isolated from the world.”

He said in a speech during the opening of the branch “We stand today in front of a turning point in the economic field through the entry of international banks in Iraq, and we have a desire to advance the process of construction and reconstruction that require banking operations successful.” (more…)

British report:
November 16, 2013
Said the report of Standard Chartered Bank in the United Kingdom that “Iraqi oil revenues will reach $ 5 trillion between 2013 and 2035.”

The bank said in its report that “Iraq is preparing to increase production faster than any other country and has the potential to become the largest exporter of crude oil in the world.” (more…)

Specialists: the British Standard Chartered Bank opened a branch in Iraq would strengthen the banking sector and promote development of the country

09-09-2013 09:23 AM

Baghdad (News)/report/bahtik/… Exit Iraq from Chapter VII of the UN which was imposed by the United Nations since the 1990s to stimulate foreign companies and international banks, known as a discreet entrance to the Iraqi environment to work in.

Where Standard Chartered Bank expressed ‘ British ‘ who owns subsidiaries in different countries strong desire to open branches in Iraq, after having made a formal application. (more…)

Standard Chartered Bank to British plans to open three branches in Iraq

on 8.20.2013

Detection Standard Chartered Bank Standard Chartered British, today announced its reliance on support of his government to enable it to open branches in Iraq, while among the main objective of it is to meet the banking needs of the growing clientele in the country, particularly in the electricity sector and the oil, telecommunications and infrastructure, and to find ” foothold “him among U.S. banks, which began providing services there, said his quest to open three branches in the capital Baghdad and Erbil during the last quarter of the current year 2013 and then in Basra during the 2014 next. (more…)

Bankers: the opening of branches of foreign banks in Iraq  investment in the country


Machhdh the country of a large movement in banking was evident among some foreign banks to begin arriving on Iraq to open branches, which he found some of the points of legislative and governmental organizations and specialists step in the right direction while it considered private banks Iraqi that it does not support the Iraqi banking system. (more…)

Last Updated: Monday, April 29, 2013 05:00:00

The International Monetary Fund is not very hopeful that Vietnam can make further interest rate cuts this year.

“While headline inflation has come down, core inflation (excluding raw food and energy) remains high, limiting the room for rate cuts,” it said in a release at the conclusion of a mission to Hanoi and Ho Chi Minh City from April 8 to 25 for the 2013 Article IV Consultation discussion with Vietnamese authorities. (more…)

Published on Saturday, 06 April / April 2013 22:15

Detection judicial source high-level, on Saturday evening, the pressure exercised by the banks’ offense have files with the judiciary in the case of the Iraqi Central Bank to a group of judges, while pointing to the success of banks offense to put pressure on prominent judge was instrumental in reply to cancel the tutelage of the bank to a bank.

The source told “obelisk”, “The banks’ offense has the files of the Iraqi judiciary in the case of the Central Bank of Iraq to put pressure on a group of judges,” adding that “these banks have succeeded in pressuring a prominent judges of the case.” (more…)

Warka bringing a lawsuit against the Central Bank of IraqBAGHDAD / Baghdadiya News / An official source at the Board of Directors Warka Bank for Investment filed a lawsuit against the Iraqi Central Bank, which recently issued an order placing the bank in question

Under full guardianship (administrative and financial) and the election of new board of directors of the central bank to manage it.

The source, who preferred not to be named L / Baghdadiya News / that the bank has filed a lawsuit before the competent courts decision not to put legal guardianship issued by the Iraqi Central Bank on Thursday, 1/3/2012, call an extraordinary session held on 1481/29 2/2012. ”


Baghdad: Mon, 05 Mar 2012

Iraq’s central bank placed private bank Warka Bank under guardianship to supervise it through insolvency, a senior official in the central bank said on Sunday.

Warka Bank had been in talks with Standard Chartered to sell a stake last year, but the talks reached a dead end, said Mudher Kasim, deputy governor of the central Bank of Iraq. (more…)