So Abadi did make a big announcement just not what we wanted it wasn't about money or liberation directly. it's in the middle of the page under ITHINK THIS WAS THE BIG SPEECH
then he left to Saudi Arabia and met there this is a big deal because the have been enemies and not working together for 27 years. now they have this big council together to be brothers and help each other's economies but there are 2 really good articles from banking and economists perspectives too
enjoy
PM Al-Abadi departs Baghdad for a regional tour which starts in Saudi Arabia with a high-level ministerial delegation
PM Al-Abadi outlines his vision for regional stability through economic cooperation and development
Good to be back in Saudi Arabia on an important visit to enhance our ties. I value highly King Salman's friendship and the Saudi people's
mesopotamian economy is preparing to apply electronic banking system instead of paper
Al-Rafidain Bank on Saturday called on citizens and all its customers to review branches in Baghdad and the provinces for the purpose of updating their data and completing the necessary documents related to them in preparation for the application of electronic banking system instead of paper system.
The bank's Information Office said in a statement that this step reached advanced stages for the acquisition of electronic banking system, leaving the paper dealing and introducing electronic transactions in the completion of transactions of citizens, noting that this system enables the customer to benefit from the facilities provided by the bank through automation of operations and simplification of procedures.
i think thIS WAS THE BIG SPEECH
Abadi calls ahead of his international tour to global cooperation
BAGHDAD (Reuters) - Prime Minister Haidar al-Abadi called on Saturday for global cooperation on the basis of peoples' development and stability, noting that extinguishing destructive conflicts, bloodshed and stopping interventionist policies are the right rule and the only alternative. To launch a new era of cooperation and construction.
"Iraq and its difficult and successful experience in overcoming the threat of terrorism and division and its rise is victorious, strong and united, the state and the people believes and it is motivated by a sense of responsibility that the countries and peoples of the region have many common challenges and goals," Abadi said in a statement.
He pointed out that "we should put forward a comprehensive initiative with developmental and economic dimensions in the first place, which will re-formulate the political relations between our countries and peoples on a sound and lasting basis according to several principles, including that conflicts in the region will not only bring our peoples destruction and backwardness, Natural and loss of opportunities for development and progress. "
"Putting out these destructive conflicts and bloodshed and stopping interventionist policies to fuel conflicts is the right rule and the only alternative to launching a new era of cooperation and building," Abbadi said.
He stressed that "it is wrong for the countries of the region to consider their interests in isolation from the interests of others, and our vision is to work jointly to build our interests and economies in an integrative manner without being isolated from each other as conditions have proved that security is integral, so the economy and development and prosperity can not be achieved in a state without Others, without getting up together will falter all the development and stability projects, "noting that" the group of our efforts must be added to each other to be a sum added to all of us. "
"We seek to establish lasting, deep and well-established relations between our peoples and to focus on the relationship between governments because the relationship between peoples ensures the stability of relations in the face of political transformations," Abbadi said.
He pointed out that "we should give a great glimmer of hope to the youth and do not leave a looting of terrorism and deviant thought and intruder who exploits their energies in a negative direction and moves them from the trenches to the trench of killing and demolition." He said that "giving hope instead of despair through programs that provide employment opportunities for young people through Rehabilitation and productive projects give tremendous strength and momentum towards reforming societies. "
"The agreement on a comprehensive development program and the optimal use of energies is the right alternative under fair policies based on citizenship and equality of rights and duties without discrimination. In addition to development projects at national levels, it is necessary to work and coordinate the advancement of the region as a whole, And well-being in the region if the gap between rich and poor peoples remains large. "
Abadi pointed out that "the preoccupation of the countries of the region to conflicts among themselves and not to invest resources to the optimal form marginalized its role locally and globally."
"We believe that we must work seriously for the countries of our region to have a voice and influence in decision-making at all levels of the world and the local community in order to make the world more secure and fair."
Al-Hanal: The participation of banks in the Baghdad exhibition is part of the process of financial inclusion
Economy News _ Baghdad
The head of the Association of Iraqi private banks, Wadih al-Hanal, opened on Saturday the pavilion of Iraqi banks participating in the 44th session of the Baghdad International Fair.
"The participation of banks in Baghdad International Fair is an important step to achieve the process of financial inclusion sought by the Central Bank," said the head of the Association of Iraqi Private Banks Wadih al-Hanalal during his visit to the participating banks.
"The participation of banks in the Baghdad International Fair is a step to communicate with the public and to identify the services provided by the bank."
Nasiri: The distinguished participation of banks in the Baghdad International Fair strengthens economic relations wit
conomy News _ Baghdad
"The broad participation of the Association of Iraqi private banks and government and private banks in the 44th session of the Baghdad International Fair strengthens confidence in the Iraqi banking sector and documents the economic and banking relations with foreign countries and Arab countries, especially Gulf countries, and thus will contribute," said Samir Nusairi, economic and banking adviser to the Association of Iraqi Private Banks. The relations in the joint cooperation and the establishment of correspondent banks is solid, which takes part in this session 18 countries and 400 government companies, especially in all disciplines and fields.
Al-Nusairi said in an interview with "Economy News" in his assessment of this participation, that "the Iraqi banking sector and in particular the failure of some banks to falter their activities because of the economic and financial crisis experienced by the country for the subjective and subjective reasons known to all and which was able and with the intervention and support of the Central Bank of Iraq and cooperation And understanding and study and realistic analysis by the Association of Iraqi private banks, in the rehabilitation and re-wheel activities to serve the public quickly and to enhance confidence in the Iraqi banking sector, government and private.The large and effective participation of banks in the activities of the Baghdad International Fair comes in a distinguished presence of the Association and the authorized managers and their attempts to promote the banking services and products provided by the banks at present and in particular to provide financing loans to finance small and medium projects within the initiative of the Central Bank to allocate six trillion dinars to revitalize the economic cycle and reduce the unemployment rate For graduates as well as motivate the public to go to savings at banks and reduce the stagnation in homes and in places not safe.
He pointed out that "the public visit to the pavilions of participating banks and to view the plans of the banks and their procedures and services will contribute greatly to restoring confidence in them as solid national financial institutions and their deposits will be guaranteed under the law, especially when the deposit insurance company was issued and the decision of the Council of Ministers was issued. Legal, administrative and technical for the purpose of carrying out its duties. "
Al-Nusairi stressed that "this promising banking participation will contribute to the level of Arab and foreign banking relations by enhancing confidence in the Iraqi banking sector and inter-bank cooperation between Iraqi banks and correspondent banks."
He called on the concerned government authorities, the Central Bank and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers on the support of private banks and provide loans to them and create a balance between the size of deposits in government banks and the volume of deposits in private banks, which currently constitute 14 percent of total deposits As well as the ministries and agencies concerned with the settlement of salaries to employees at banks with the aim of increasing the ability of banks to grant credit in all kinds of monetary addition to involve the leaders and experts of the sector in the economic decision-making economic relations with the Egyptian sector In their participation in official delegations and joint committees for economic cooperation with the countries of the world because without a sound banking sector can not build a sound national economy.
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