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25/11/2014 12: 00 am
Private banks readies for second Conference
Iraq-Hussein thghb Al-Tamimi
Preparing the Association of private banks in Iraq to hold second banking conference in Iraq for the period 29 30 this month under the banner "private banks partner strategy to promote national economy."
This was announced by Chairman of the Association of private banks in Iraq meek bitter melon at a press conference held by the Association on Wednesday in the presence of Deputy Mehdi Al-Hafez and Kamal Basri and Majid experts mock.
He said that the Conference will be sponsored by Prime Minister Haidar Al-Abbadi and the participation of the President of the parliamentary Finance Commission, Ahmed Chalabi, and a number of officials in the legislative and executive branches will discuss the Iraqi banking and ways to enhance its role in development.
Regional presence
Bitter melon in a quick reference to ASEAN's role in strengthening the cooperation between banks and Executive and legislative bodies said they had made efforts culminated in the preparation of the Conference, noting the attendance of representatives of Arabic and foreign financial institutions, led by Ahmed bin Maktoum of UAE Arabic.
He said that ASEAN's efforts are focused on building a sophisticated banking sector through the delivery of the cry of the private banks to play a role in development and found echoed in the Government's response to the aspirations of the private banking sector in para that banking sector reform, legislation and laws outlined in the program more than once.
Then called Deputy Mehdi Al-Hafez to make remarks on the Conference programme and the talk was that this Conference is an important step in this country's stage, as the situation intensified, necessitating the banking sector problems and the urgent need for relished in the national development process.
Partner in development
The necessary requirements require careful research about how to make private banks a real partner and direct development, perhaps the low oil prices is a catalyst for the adoption of other economic links to compensate for low oil yield in this development, pointing out that the title to make private banks partner stratigia but fully correspond with national needs and circumstances in the words of Hafiz, adding it's time to stop all the altkolat that private banks supplying State and prove it as a direct and pioneer in development and its contribution Directly, and calls to have the second chance Banking Conference to give a summary of the tasks and orientations that will advance by banks at this moment as the financial expert d occurs.Kamal Basri on the tasks that are expected of the banking sector in the area of poverty eradication, as well as infrastructure returned two of the fundamentals of the political and economic stability of any country. Since 2003, said so far the Government effort was not able or sufficient in addressing these challenges, and the loose economic growth before the public sector but also to be an active role for the private sector and must be informed by international experiences preceded us in this area, wondering why not our private sector to effect development?.
The answer to his question because the banking sector is unable to support the private sector as any banking sector is the economic heart of the body, and attributed the cause to a banking reform is up and obliging.
Opportunity to present challenges
"We are optimistic at this stage that our Government has experience and expertise and long experience in chairing the Economic Committee in the previous Parliament and mm problems and economic legislation, there is a problem the country is encountering, review oil prices and that the alternative resolution lies in the banks and that the problems will solve other problems he said we are optimistic to banking legislation and this Conference is an opportunity to view again.
So speaking Economist Dr. Majid mock, stressing the important role of banks, which require stage problems to stay away from the holistic view in dealing with the private banks having to be relished in the development process., said that in private banks if the financial resources invested properly, there will be genuine development provided that the laws and regulations of the banking sector of Conference recommendations in this direction and to provide the legislative waltvizeih is the evolution economically without the private banking sector and this is the message I think.
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25/11/2014 12: 00 am
Private banks readies for second Conference
Iraq-Hussein thghb Al-Tamimi
Preparing the Association of private banks in Iraq to hold second banking conference in Iraq for the period 29 30 this month under the banner "private banks partner strategy to promote national economy."
This was announced by Chairman of the Association of private banks in Iraq meek bitter melon at a press conference held by the Association on Wednesday in the presence of Deputy Mehdi Al-Hafez and Kamal Basri and Majid experts mock.
He said that the Conference will be sponsored by Prime Minister Haidar Al-Abbadi and the participation of the President of the parliamentary Finance Commission, Ahmed Chalabi, and a number of officials in the legislative and executive branches will discuss the Iraqi banking and ways to enhance its role in development.
Regional presence
Bitter melon in a quick reference to ASEAN's role in strengthening the cooperation between banks and Executive and legislative bodies said they had made efforts culminated in the preparation of the Conference, noting the attendance of representatives of Arabic and foreign financial institutions, led by Ahmed bin Maktoum of UAE Arabic.
He said that ASEAN's efforts are focused on building a sophisticated banking sector through the delivery of the cry of the private banks to play a role in development and found echoed in the Government's response to the aspirations of the private banking sector in para that banking sector reform, legislation and laws outlined in the program more than once.
Then called Deputy Mehdi Al-Hafez to make remarks on the Conference programme and the talk was that this Conference is an important step in this country's stage, as the situation intensified, necessitating the banking sector problems and the urgent need for relished in the national development process.
Partner in development
The necessary requirements require careful research about how to make private banks a real partner and direct development, perhaps the low oil prices is a catalyst for the adoption of other economic links to compensate for low oil yield in this development, pointing out that the title to make private banks partner stratigia but fully correspond with national needs and circumstances in the words of Hafiz, adding it's time to stop all the altkolat that private banks supplying State and prove it as a direct and pioneer in development and its contribution Directly, and calls to have the second chance Banking Conference to give a summary of the tasks and orientations that will advance by banks at this moment as the financial expert d occurs.Kamal Basri on the tasks that are expected of the banking sector in the area of poverty eradication, as well as infrastructure returned two of the fundamentals of the political and economic stability of any country. Since 2003, said so far the Government effort was not able or sufficient in addressing these challenges, and the loose economic growth before the public sector but also to be an active role for the private sector and must be informed by international experiences preceded us in this area, wondering why not our private sector to effect development?.
The answer to his question because the banking sector is unable to support the private sector as any banking sector is the economic heart of the body, and attributed the cause to a banking reform is up and obliging.
Opportunity to present challenges
"We are optimistic at this stage that our Government has experience and expertise and long experience in chairing the Economic Committee in the previous Parliament and mm problems and economic legislation, there is a problem the country is encountering, review oil prices and that the alternative resolution lies in the banks and that the problems will solve other problems he said we are optimistic to banking legislation and this Conference is an opportunity to view again.
So speaking Economist Dr. Majid mock, stressing the important role of banks, which require stage problems to stay away from the holistic view in dealing with the private banks having to be relished in the development process., said that in private banks if the financial resources invested properly, there will be genuine development provided that the laws and regulations of the banking sector of Conference recommendations in this direction and to provide the legislative waltvizeih is the evolution economically without the private banking sector and this is the message I think.
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