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Tag: Banking Sector

Iraqi Market is Attractive for Investment in Banking Sector: Saudi Minister

Iraqi Market is Attractive for Investment in Banking Sector: Saudi Minister

The Governor of Iraqi Central Bank Ali Mohsin met with the Saudi delegation headed by the Saudi Trade and Investment Minister Majid bin Abdullah Al-Qasabi and discussed about the banking transactions and channels between Saudi Arabia and Iraq. The Saudi Trade & Investment Minister arrived on Tuesday evening in Baghdad. He also discussed regarding a supposed agreement on the development of a plan about cooperation in the banking sector. A team will be formed from the Saudi Monetary Agency and…

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Iraqi Central Bank to Start Reforms in the Iraqi Banking Sector

Iraqi Central Bank to Start Reforms in the Iraqi Banking Sector

Iraqi Dinar 123 News:– A member of the International Union of Arab Bankers, Samir Nasiri issued a press statement that banking reform would change the fundamental approach. The Iraqi Central Bank is analyzing and examining the reality of challenges that had been faced by the Iraqi banking sector and reviewing according to the priorities. He added that most of the economic experts also believe that the supposed strategy for the year 2016-2020 by the Iraqi Central Bank is much dedicated…

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Iraqi Banking Sector to Adopt Effective Policies in the Management of Fluidity

Iraqi Banking Sector to Adopt Effective Policies in the Management of Fluidity

Iraqi Dinar 123 News:– A famous banking expert Muhammad Ali Jaber stressed that Iraqi banking management should focus in providing best services to the people with high and smooth level to companies and individuals. He said in a press interview that banking sector can perform an important role in the economic development in the country. They should provide necessary fluidity for the investment projects and it also needs perfect banking management regarding the fluidity to overcome the financial crisis in…

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Increase in Dollar Sales Have a Positive Impact on Banking Sector

Increase in Dollar Sales Have a Positive Impact on Banking Sector

On Tuesday, the Economic Affairs Adviser to the Iraqi Prime Minister Muhammad Saleh issued a statement that the decision of the Iraqi Central Bank to enhance the dollar sales for Iraqi banking companies is considered as a positive and based on theory. Muhammad Saleh further said in his statement for a news agency that the demand and supply increased in the foreign currency market, so we have also increased the amount of dollar sales for Iraqi banking companies, which is…

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Arab Banking Conference to Hold in Beirut on 20th Nov

Arab Banking Conference to Hold in Beirut on 20th Nov

Iraqi Dinar 123 News:– The banking activities are at peak in Arab countries these days. Most of the Arab banks are operating quite nicely in the Europe, Asia and Middle East. The Iraq’s Reffidain Bank is also one of those banks operating quite nicely at local and international level. The bank has foreign branches in the different European countries. The Arab countries are also keen about the development of banking sector and taking radical steps to promote banking activities in…

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Government Supports Dealings With Islamic Banks

Government Supports Dealings With Islamic Banks

Iraqi Dinar 123 News:– Iraq suffers from law lacking issues in several departments but with the absence of the law for the Islamic banking dealings it is hard to manage several matters. The regulation of the different bills regarding banks and how to increase the capital income needs to be settled. The country needs to settle things down for the betterment of the people in such a way that everything needs to be drafted and regulated. The government is supporting…

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Iraq’s Banking Sector Regaining Boom

Iraq’s Banking Sector Regaining Boom

Iraqi Dinar 123 News :- It was announced by the Al Rafidain Bank on Sunday that the present year has seen a lot of development in the management of work in the different branches and departments of Iraq. The development in the banking sector needs to be seen and with the betterment in this sector it is a good idea to see how the different projects are managed by the development in the different sectors. It is important that the…

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Financial Development are Moving in the Right Direction

Financial Development are Moving in the Right Direction

Iraqi Dinar 123 News :- It was announced by the Rafidain Bank that the financial development for the country is going to be better soon. There are several people who have been trying to buy Iraqi dinar but have not known any positive sign in the economic sector. After the developmental process of the Rafidain Bank and the positive achievements it has done during its first financial year, things have become positive for all such Businessmen. The broker is interested…

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