The UN Sanctions Sanctions Checklist is also updated whenever changes are made to the Committee's List. An updated version can be found at: https://www.un.org/sc/suborg/en/sanctio ... dated-list.
The Council of Banks and Islamic Financial Institutions held the second banking forum in Khartoum
Council of Islamic Banks and Financial Institutions
The Islamic Banking Forum, organized by the Organization of Islamic Cooperation (OIC) and the Union of Arab Banks, will organize a forum on Islamic finance and development objectives for the United Nations, focusing on Africa in the Sudanese capital of Khartoum .
The forum follows the success of the first joint forum held in September 2016 in Tunis, where the forum will be an important catalyst for presenting the most important opportunities for the development of the real economy through Islamic finance.
WAM said the forum will highlight the competitiveness of Islamic financial institutions in Africa and the relevance of their development goals to the United Nations' goals for sustainable development.
The Forum examines how Islamic finance contributes to the achievement of the United Nations development goals, while increasing partnership between governments, the private sector, civil society, other stakeholders and actors.
The participants will have the opportunity to present their views and suggestions on how to stimulate growth and discuss the opportunities and challenges facing Islamic finance in African markets, in line with the objectives and agenda of the United Nations, and offer industry experts from different countries their views on ways and strategies to exploit opportunities and achieve common goals.
The forum will bring together the various stakeholders from the Islamic finance industry, multilateral development institutions, international regulatory bodies, policy makers, banking leaders and the academic community under one roof to discuss how to develop border markets for Islamic finance.
The General Council of Islamic Banks and Financial Institutions is an international organization established in 2001 and headquartered in the Kingdom of Bahrain. The General Council is affiliated with the Organization of Islamic Cooperation. The General Council represents the official umbrella of the Islamic financial industry worldwide. It aims to support and develop the Islamic financial services industry Between members of the General Council and other financial institutions of common interest and objectives .
The General Council has more than 125 financial institutions in more than 33 countries. It includes the most important players in the Islamic financial market, international multilateral institutions, professional associations and associations in the industry and is recognized as one of the main organizations in the structure of Islamic finance .
Rafidain announces the issuance of an international card "MasterCard" includes all Iraqis
Rafidain Bank announced Wednesday that the issuance of the card "Master Card" International includes employees, citizens and other segments of society.
The bank's information office said in a statement that "the bank's branches continue to issue electronic payment tools (MasterCard), which are used inside and outside Iraq and are acceptable in all ATMs connected to the network (MasterCard) in addition to points of sale."
The statement added that "advances and loans granted to employees through these cards as well as settling their salaries electronically."
The National Bank of Iraq joins Iraq Britain Business Council
The National Bank of Iraq (NBI) has become the latest member of the Iraq Britain Business Council (IBBC). IBBC is delighted to welcome one of Iraq’s preeminent private sector banking organisations to join its growing financial and professional services sector table.
NBI was founded in 1995 as a publicly traded, private sector company offering comprehensive banking services to individuals and businesses. NBI’s paid up capital was increased to IQD 250 Billion (USD 215 million) in December 2013.
NBI has been consistently growing in size and capabilities to serve Iraqi citizens with the highest quality financial services. NBI’s strategy revolves around offering a unique value proposition to multinationals and large corporates looking for professional commercial banking services in Iraq, as well as a solid platform for individuals to interact with. As a Jordan based Group, they are able to offer global access to funds and a comprehensive set of banking services to facilitate banking needs on the ground.
NBI is constantly expanding and modernizing its branch and ATM network in Iraq and are currently the only bank that has a branch in North Rumaila (Basra) and are in the process of opening new branches in Kathimiyya and Jameela in Baghdad and a new technologically advanced branch in Basra. NBI is also heavily investing in advancing its electronic channels and overall technological capabilities in order further modernize the banking process and offer a seamless banking experience to their clients.
NBI offers full-fledged investment banking, wealth management and brokerage services through its sister companies in Jordan, UAE and Iraq. The UAE subsidiary acts as the main gateway for multinationals and GCC based clients looking to raise growth capital or connect with local partners and enter into joint ventures for business expansion or new projects across Iraq. NBI’s investment offering also includes a wide range of advisory services in M&A, investment structuring and debt raising or restructuring.
NBI is regulated by the Central Bank of Iraq and publicly traded on the Iraq Stock Exchange It implements stringent international anti-money laundering and compliance regulations, and is also one of the few banks in Iraq to implement International Financial Reporting Standards (IFRS), with PWC as its external auditor.
For more information please visit https://www.iraqbritainbusiness.org/mem ... nk-of-iraq / https://www.nbirq.com/en
Why not continue it's so much the fun to follow the month of June !! 👍
Announcement of the implementation of requests for the purchase of the dollar for Eid al-Fitr
Announcement ( execution of orders for the purchase of the dollar for Eid al-Fitr )
13th June, 2018
Announcement ( Implementation of additional dollar purchase orders for Eid Al Fitr )
Downunder Translating
Announcement (the implementation of orders for the purchase of dollar days Eid al-Fitr)
Public Ghaf Petar Incubation
Republic Of Iraq CENTRAL BANK OF IRAQ
Son
Center Ayaf
Department of Financial Operations and Debt Management
Section of the window of the sale and purchase of foreign currency
NO: Date:
Date: 16
015
Announcement of the implementation of requests for the purchase of the dollar days of
Eid al - Fitr
Greetings ... Further to our letter number 2090/6 dated 2018
6/12 The Department of Financial Operations and Debt Management announces the sale
of foreign currency, the implementation of additional orders for the purchase of the dollar
provided by banks and financial transfer companies for Eid Al-Fitr holiday announced
yesterday, agencies: - - (6/13) Day (14 and 17). - Day (6/14) Implementation of
applications on (18 and 19). - Day (9/20) the implementation of requests on (20 and 21).
with respect...
Dr.. Mahmoud Mohamed Mahmoud Dagher -
General Director
3/6/2018
Video: Iraq needs $90bn to Rebuild
June 14, 2018 in Construction & Engineering In Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.
Entire cities, including western Mosul and Ramadi, have been destroyed in the war against the Islamic State of Iraq and the Levant (ISIL, also known as ISIS) group in Iraq.
The Iraqi government says large-scale reconstruction across the country hasn’t started yet because it doesn’t have the money.
About $90 billion is needed to rebuild the country after 15 years of war since the fall of Saddam Hussein in 2003, but Iraq’s allies pledged only $30bn At a donor conference in February.
Al Jazeera‘s Charles Stratford reports from Iraq’s capital Baghdad:
Al-Rafidain launches the payment of the predecessor of the employees of the State Departments through the electronic card.
{Baghdad: Al-Furat News} Rafidain Bank launched the first batch of the advance of employees of the State Departments, which ranged between five and ten million dinars through electronic payment tools.
The bank's information office said in a statement received by the agency {Euphrates News} a copy of it today that "was disbursed the first batch of employees of the State Department for about 2688 employees The statement explained that the disbursement of this advance was by informing the employee by sending him a text message notify him to give the advance, Complete all legal procedures to grant and disburse them through electronic payment tools for which the financial balance has been filled. "
And if we continued on the good launch on the news!👍
Kurdistan intends to adopt Visa and Master Kart in the salaries of its employees
BAGHDAD / Al-Ghad Press:
A source familiar with the Ministry of Finance in the Kurdistan region, on Saturday, the intention of the provincial government to adopt Visa Card and Master Cart card salaries.
"The government is planning to open bank accounts for its employees," the source said, adding that "this move comes after the government and parliament sought a series of financial and economic reforms through the draft reform law, which will be voted by the provincial parliament after Eid al-Fitr."
He added that "the government opened the World Bank in this regard," stressing that "the World Bank has stressed the provincial government the need to adopt Visa Card and Master Cart for this purpose."
The source said that "the Ministry of Finance has approached the banks need to prepare for the new electronic system and work soon and the introduction of data of personnel that occurred a while ago through the biometric system."
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