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Monday, May 22, 2017

DINAR IRAQ & DONG VIETNAM UPDATE, 22 MAY

The public and private banks, caused a quantum leap in the world of banking, by offering the best new products and services, to serve the citizen, according to financial expert Thamer al-Azzawi, who found that these steps are consistent with the economic reforms developed by the government.
Al – Azzawi said in his statement to the “morning” that the new banking operations carried out by banks, achieve the aspirations of the public to keep up with the global banking industry, as well as the provision of services that will restore the confidence of the citizen in this vital sector. He urged the concerned authorities to banks in greater support, through laws, legislation and financial facilities, to facilitate their work and achieve the intervention of the economic cycle of the country’s earnings.
The public banks to provide services and products to the public, including loans to state employees through the Rafidain and Rasheed banks, as well as services provided by the Trade Bank of Iraq, housing loans and commercial loans, as well as other banking products. al – Azzawi said that the Iraqi banking sector achieved a good reputation globally and regionally, through several awards for government banks, as well as obtaining a certificate of quality (ISO), at (TBI), which seeks to strengthen Iraqi banks position globally through the sale of government bonds. Trade Bank of Iraq got two awards from “The Banker Middle East” Foundation as the best commercial bank and best management campaign for the launch of the new identity of the bank in the UAE. The Banker Middle East magazine high – level affairs on news of the banking industry in the Middle East, where the awards were handed over in the presence of a number of international companies. al – Azzawi said that new products and services offered by banks and revive the Iraqi economy, gradually to deal with the financial liquidity experienced by the banking sector first, the national economy the second.
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The government began negotiations with the energy giant Dutch Shell to increase the proportion of Iraq’s contribution to the establishment of a (Nebras) investment project in the field of petrochemical industries.
According to an official statement «morning» received a copy of which was conducted by the Ministry of Industry and Minerals new round of talks with Dutch Shell included a number of topics of technical, financial and legal issues related to the implementation of the (Nebras) investment project in the field of petrochemical industries and the possibility of creating a success. The meeting discussed the «agreement concluded with the company, which includes the construction of the largest complex of petrochemical industries in the region, the completion period ranging from 5 to 6 years, which will make Iraq one of the largest producers of petrochemicals in the Middle East and achieve a profit estimated at $90 billion on an operational lifetime of over the 35 years provide about 40 thousand jobs.»
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