President of the Association of Private Banks meets Deputy Governor of the Saudi Arabian Monetary Agency

President of the Association of Private Banks meets Deputy Governor of the Saudi Arabian Monetary Agency




The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, met yesterday with Dr. Fahad bin Ibrahim al-Shathri, deputy governor of the Saudi Arabian Monetary Agency.
During the meeting held in the Iraqi Council of Ministers, the two sides discussed the issues of banking cooperation between Iraqi government and private banks and similar ones in the Kingdom of Saudi Arabia, especially in the areas of compliance requirements and credit risks.
The two sides agreed to hold a second meeting in New York on the sidelines of the Arab Banks Union conference on October 16 to continue to discuss the prospects of banking cooperation between the two brotherly countries.
Dr. Al-Shathri expressed the Kingdom's desire to promote and develop banking cooperation with Iraq in the framework of broader cooperation in various economic, financial and trade fields.
He also expressed a similar desire, stressing that banking cooperation between the two countries will open wide horizons for traders and investors in both countries.
Dr. Al-Shathri is one of the members of the high delegation accompanying Saudi Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi, who arrived in Baghdad yesterday night for an official visit to Iraq.
The Saudi delegation met with Prime Minister Haider al-Abadi and met with
an Iraqi delegation that included the ministers of planning, agriculture and electricity, the head of the Investment Authority in the presence of a number of Iraqi businessmen and economists.
The two sides discussed issues of cooperation in various fields within the framework of the Iraqi-Saudi Coordination Council, which was announced recently.


[You must be registered and logged in to see this link.]

Deputy describes the policies of the Agricultural Bank of "the bureaucracy of the eradication of agricultural investment"



Iraqi parliament member Kazem al-Shammari on Wednesday criticized the policies of the Agricultural Bank for large agricultural investments, describing them as bureaucratic, warning against resorting to the procedures prescribed by the Constitution and the law to support agricultural investment projects of the country's important strategy.

Al-Shammari said in a statement read by "Economy News", we noted "in the recent period there is no positive interaction by the Agricultural Bank with large agricultural investment projects, which benefit the country and the agricultural sector, especially in the poor provinces, including Diwaniyah and Samawah, which rely on agriculture and agricultural projects As a basic resource for the lack of other natural resources in them. "

He added that "the bureaucratic measures to expel the investments of the Agricultural Bank are incorrect and for the benefit of them," stressing that "the need to change these policies as soon as possible to encourage and develop those investments in support of the agricultural sector in the country."

He stressed that "if the Agricultural Bank does not reverse its policies, we will resort to take the procedures prescribed by the Constitution and the law to support and immunize large investments in the interest of the country."

[You must be registered and logged in to see this link.]

Rafidain pays the salaries of employees of the Ministry of Industry and Minerals



23/08/2017


Rafidain Bank announced the payment of salaries of employees of some companies of the Ministry of Industry and Minerals.

"The bank distributed the salaries of the employees of the Ministry of Industry and Minerals," Al-Qatniyah plant, Al-Faris General Company and the General Company for Hydraulic Industries, " the Information Office of the Bank said in a statement .


He pointed out that the disbursement was made through one of the electronic payment tools after the arrival of the instruments of their amounts from their circles.

[You must be registered and logged in to see this link.]