Bank: the opening of Abu Dhabi Islamic Bank will enter the UAE investors to the count
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Thread: Bank: the opening of Abu Dhabi Islamic Bank will enter the UAE investors to the count


    
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    Bank: the opening of Abu Dhabi Islamic Bank will enter the UAE investors to the count

    Bank: the opening of Abu Dhabi Islamic Bank will enter the UAE investors to the country

    07/29/2012

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    Baghdad (news) . Said Executive Director of the Association of private banks Abdulaziz, Hassoun, said the opening of the first Emirates Islamic Bank in Iraq will provide an opportunity for investors from the UAE and the Gulf to come to invest, and help the transfer of modern banking technology for the banking sector in Iraq.

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    The Goldfinch (of the Agency news): The opening of the first branch of the Abu Dhabi Islamic Bank is a good step towards providing the banking sector in Iraq that the United Arab Emirates is one of the developed countries in the field of banks through the introduction means and modern techniques in their work, which will help to develop the banking sector, the Iraqi through the transfer of international experience in banking.

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    http://translate.google.com/translat...ww.ikhnews.com



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    Abu Dhabi Islamic Bank opens first branch in Iraq

    Last Updated 26/07/2012 | 15:32

    Abu Dhabi Islamic Bank opened its first branch in Iraq, making it the first local financial institution to obtain a license to provide integrated banking operations of the Iraqi Central Bank.

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    The aim of Abu Dhabi Islamic Bank through its branch in Iraq to provide support to the UAE and the Gulf investments in Iraq and surrounding areas, and contribute to the development of Islamic finance industry in Iraq by offering the best products of Islamic banking.

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    The strategy the Bank during the first few months of launching its operations in the Iraqi market for banking services for corporate clients and customers of private banking group, which will provide a range of products and services, finance and investment, in addition to treasury products and commercial banking.

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    The Abu Dhabi Islamic Bank has obtained the license by the Iraqi Central Bank to issue and confirm letters of credit transactions for the export of oil in Iraq and the credit enhancement provided for Iraq and for oil derivatives, which are issued by companies or international oil companies, oil trading.

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    Trad said Mahmoud, CEO of Abu Dhabi Islamic Bank, yesterday, «The idea of entering the Iraqi market, one of the important items on our agenda for some time, we see that this is the best time to launch our operations there».

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    The cruiser that Iraq is back to normal, where working conditions have improved significantly.

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    At the same time, considering that the large oil reserves in Iraq and reconstruction efforts and the development of its infrastructure and growing population composition are significant opportunities for growth.

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    And looks Abu Dhabi Islamic Bank of Iraq during the opening of a branch to play a pivotal role in the development of economy of this country and increase the share of the private banking sector in the Iraqi market from its current level which does not exceed the 20 percent, in addition to the development of Islamic banking sector there.

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    http://translate.google.com/translat...=0CGsQ7gEwAzgU

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