Maliki: TBI shares in alleviating the burden of Chapter VII and his hope to play a bigger role globally

[ltr] BAGHDAD - Awan[/ltr]
[ltr]Praised Prime Minister Nuri al-Maliki, Sunday, the role of the Trade Bank of Iraq and its role in easing the burden of the provisions of Chapter VII in the past ten years and the support of the private sector, and expressed the hope that the bank plays a bigger role in the coming period on the international level.[/ltr]


[ltr]Maliki said in a speech at a ceremony in Baghdad, on the occasion of the tenth anniversary of the founding of the bank, attended by "Awan", "The bank was established for many reasons, including the alleviation of the provisions of Chapter VII, which were imposed on Iraq after the invasion of Saddam Hussein's regime to the State of Kuwait."[/ltr]


[ltr]He said, "One of the reasons that also called for establishment of the bank was to support the private sector, and how to convert it to a partner in the process of reconstruction and construction."[/ltr]


[ltr]Maliki expressed his hope that "the bank plays a bigger role in the future within the global banking system, especially after important strides in the development of the bank Systems", praising the bank's management.[/ltr]


[ltr]And established Trade Bank of Iraq in July 2003, as a government bank wholly owned by the Ministry of Finance, the bank currently has 15 branches distributed between the capital, Baghdad, Basra and Najaf, Erbil and Sulaymaniyah, Karbala, Ramadi, Tikrit and Nasiriyah.[/ltr]


[ltr]The goal established to facilitate trade facilitation and foreign operations Iraqi reconstruction of Iraq after the United Nations oil-for-food program.[/ltr]


[ltr]In a short period of time has seen the rapid development bank and a large and tangible as an effective banking institution built through a network of relationships with the top 134 banks in the world which covers various continents. 
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[ltr]Maliki confirms to maximize the wealth and employment in a sound banking system [/ltr]

Maliki revealed that the future trend will be towards maximizing wealth and optimal use
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[ltr]BAGHDAD / obelisk: Iraqi Prime Minister Nuri al-Maliki, Sunday, that the banking system is the proper one of the main factors contributing to the success of construction and reconstruction, adding that Iraq has made considerable progress in the development of the foundations of the banking system is successful, pointing out that the state moving toward maximizing the wealth and optimal use.




Maliki said in a ceremony held by the Bank of Commerce on the occasion of the tenth anniversary of its founding that "the banking system is the proper one of the main factors that contribute to success in the construction and reconstruction has moved Iraq from a centralized economy to a free market economy," adding "we have come a long way to lay the foundations for a banking system successful we have taken measures capable of correcting the path of Bank of Commerce. "


"It has been disabled sum of one billion and a half billion dollars earmarked for debt investors managed the new administration activated has entered practice in the construction and reconstruction," noting that "Iraq was an exhibition for the intervention of the international community in its security and its economy due to the provisions of Chapter VII has dealt with remnants of the former regime wisely."


The Maliki thanked for "Organization of the United Nations and the Security Council and the countries that supported the Iraq and stood by his side Iraq has fulfilled its international obligations and regained the world's confidence in him."


He explained that "the wealth that employs for Reconstruction Off and because of disrupted services provided to citizens," pointing out that the new plan for his government is moving toward two axes are "maximizing wealth and optimal use because Iraq is suffering from a lack of services despite the progress we have made in this area."










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[ltr]Maliki: we seek to find a window for the financial support of the private sector and multiple sources of income for Iraq[/ltr]
[ltr]Sunday, July 7, 2013 12:16[/ltr]
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[b style="font-weight: bold;"][Baghdad - where][/b]

Prime Minister Nuri al-Maliki said Iraq is seeking to find a window for the financial support of the private sector after leaving the international sanctions within the provisions of Chapter VII.



The UN Security Council voted on June 27 of last year to remove Iraq from the international sanctions imposed on it since 1990 to the former regime's invasion of Kuwait.



Maliki said during his speech the tenth anniversary of the founding of Trade Bank of Iraq on Sunday that "the banking system is healthy is one of the factors that succeed the process of construction and reconstruction, We can not pretend that we have reached a banking system, an ambitious but we have come a long way whatever in this area through the confidence that Nhrzha with international banks which is considered an important step in the wheel of progress of reconstruction and investment. "



He added that "Iraq and after his release from Chapter VII, which was the endangered and international intervention today became unable to open up to various fields, including banking business."



The prime minister pointed out that "Iraq is moving day and urges the pace towards the process of reconstruction and provision of services and trade and increase the natural resources of oil and gas and work on multiple sources of income and diversity through the activation of the tourism and agricultural and industrial sectors in order to address the imbalance of the lack of services, which is still suffering the Iraqi people and we are heading these two directions through the optimal use of riches Hotozifaa in achieving the best services and the reconstruction process through the construction of urban political achieve the aspirations of the citizens. "



And between al-Maliki that "the Trade Bank of Iraq passed through difficult circumstances and procedures is incorrect, but we have taken strong measures and quick to address the imbalance existing in it and was able to bank that restores and a half billion dollars Kmadionat investors were disabled for CTN new management of the bank was able to recover the money and entered as part of the process of reconstruction and rehabilitation underlying structures. "is over.








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[ltr]Maliki to attend a celebration of the tenth anniversary of the founding of the Trade Bank of Iraq[/ltr]


[ltr]Sunday, July 7, 2013 11:09[/ltr]
[ltr][Baghdad - where]




Was attended by Prime Minister Nuri al-Maliki said the ceremony held by the Trade Bank of Iraq on the occasion of the tenth anniversary of its founding.


He said in his speech at the ceremony, "The banking system is sound and the actor is one of the main factors in the success of the process of construction and reconstruction.



He added: "There is a state of correlation and interdependence between the construction and the banking system."


The director announced TBI Hamdiya dry in a speech by the way that the Trade Bank of Iraq ranked third in the world after the Bank of New York and Sixty Bank Group, adding that the bank has achieved large profits during the current stage through the financing of investment projects and business.



The Trade Bank of Iraq announced that the bank's capital increase to a trillion dinars contributed to achieving success in expanding the Bank's banking network Iraqi Trade. / End[/ltr]




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Maliki: our banking system can not meet the needs of the country

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07/07/2013 12:25 [/ltr]


[ltr]Range Press / Baghdad
Prime Minister Nuri al-Maliki, on Sunday, the Iraqi banking system can not meet all the needs of the country, stressing that the Iraqis are still suffering from a significant lack of services, and as pointed out that efforts are now focused on reconstruction and construction and to seek multiple sources of income of the Iraqi individual, praised international cooperation in Iraq out of Chapter VII provisions.


Maliki said in a speech during a ceremony organized by the Trade Bank of Iraq on the occasion of the tenth anniversary of its founding and attended (Long Press), "The bank opened new horizons for trade in the country, after it became a partner with the international banks in the development of trade relations and business banking, including aspiring to him Iraq from the advancement of urban and investment ".


Maliki said that "the establishment of the bank was to reduce Iraqi and طئه item VII, which under the Iraqi economy, after that it was necessary for Iraq deal through window with the world."


He said al-Maliki "as was the establishment of the bank to find a window to support the private sector in order to promote the public sector as well as in the process of construction, reconstruction and investment, boiling well meet the necessities that you need to process the infrastructure of the country because of the wars of the former regime."


Maliki stressed that "the Iraqi banking system is unable to meet all the needs of the country, in spite of the great strides piece and place fixed foundations."


He noted al-Maliki that "raising the provisions of Chapter VII is an important step in the way of raising investments in the country," praising the role of the "international community through the cooperation of the Security Council and the countries that stood by side Iraq to raise these harsh judgments about our economy, which led to a decline in Iraq's oil production to less than one million barrels. "


He said al-Maliki "Iraq after the departure of these provisions and restore the world's confidence in our economy, we urge the pace towards the two main issues are the reconstruction and construction, trade, oil and gas, as well as work on multiple sources of income via activation of Iraqi tourism and industry."


He Maliki that "the Iraqi people suffered greatly from lack of services and continues to suffer," stressing the need to "match the services provided with the wealth enjoyed by Iraq's rich, through the use and optimum use of the country's wealth, and draw a clear policy to promote."


The TBI is the Bank government, was founded in Baghdad in July 2003 for the purpose of facilitating trade facilitation Iraqi Foreign Affairs and the reconstruction of Iraq after the United Nations oil-for-food, owned fully in favor of the Iraqi Ministry of Finance, and in a short time period saw the bank's rapid development and great and tangible as an effective banking institution built through a network of relationships with the top 134 banks in the world which covers various continents.


The Iraqi Prime Minister Nuri al-Maliki, described in a speech after the vote the Security Council to remove Iraq from Chapter VII, in (June 29, 2013), that the decision is "an important step to restore the status of Iraq's international," stressing that the international resolutions "has become one of the past, "While considered that Iraq" has become liberally "from the restrictions imposed because of the" follies "of the former regime, appealed all the countries of the region and the world to" extend the hand of friendship, "and stressed that" Iraq can not be involved in the policy of axes and polarizations " .


The Secretary-General of the United Nations Ban Ki-moon called in, (18 June), an end to the sanctions imposed on Iraq since the invasion of Kuwait in 1990 under Chapter VII of the Charter of the United Nations, noting in a report submitted to the UN Security Council, the governments of Iraq and Kuwait "أبدتا seasoned and respected in removing the effects of that invasion."


The Iraqi foreign minister, Hoshyar Zebari, called in (13 June 2013), the United States and Britain, through their ambassadors in Baghdad, Robert Stephen Beckerovi, Simon Collis, to support Iraq out of Chapter VII, while confirming the pursuit of Baghdad to expand its consultations with the members of the Board Security Council to help and support Iraq in its quest, after a day of visiting Kuwaiti Prime Minister Jaber Mubarak Al-Hamad Al-Sabah, to Baghdad at the head of a ministerial delegation large, and the Declaration Zebari, in a joint press conference with Kuwaiti Foreign Minister Sabah Khaled Al-Sabah, that Iraq had fulfilled all of its obligations incurred by him in the seventh chapter with Kuwait and will move to Chapter VI, noting that Iraq has signed agreements with Kuwait, six in all fields, as pointed Kuwaiti Foreign Minister said his country would be the United Nations of the need to exit Iraq from Chapter VII.


And signed both Iraq and Kuwait, in (the 28th of May 2013), two memoranda of understanding concerning the arrangements for maintenance of the physical-border joint and finance the construction of a residential complex in Umm Qasr, where the side expressed Kuwait's readiness to help Iraq out of the provisions of Chapter VII of the Charter of the United Nations.


The Ministry of Foreign Affairs announced in (the 26th of May 2013), signed by Foreign Minister Hoshyar Zebari with Martin Kobler Special Representative of the Secretary-General of the United Nations and head of UNAMI in Iraq (the time), on the extradition agreement the amount of damages assessed by the Security Council in its resolution No. 899 for the year 1994 to compensate Iraqi farmers whose farms have been affected as a result of the demarcation of the border between Iraq and Kuwait during the period between 1991 - 1994 ", set out will be followed soon another step to build a modern residential city of Umm Qasr to accommodate Iraqi families affected by the same reason.


The UN Security Council issued a year (1993) Resolution No. (833) which provides for the demarcation of the border between Kuwait and Iraq, and the extended length (about 216 km), and the application of the decision in part by the former regime to the deduction of large swathes of Iraqi territory and annexed to land Kuwaiti territory included in the Safwan area and in Umm Qasr area since the mid-nineties became a whole within the limits of the State of Kuwait.


He objected to a lot of Iraqi officials after the fall of the former regime in 2003 to complete the procedures for the demarcation of the land border between the two countries in accordance with Resolution No. 833, considering that the decision imposed on Iraq under international pressure and in unusual circumstances. The area has seen the border between Iraq and Kuwait early March 2013, demonstrations carried out by residents of Umm Qasr in protest against the construction of the separation wall between the two countries, and threatened with exposure to Kuwaitis in the event of continuing built, also called on Congress Basra in the Iraqi parliament (12 March 2013), the Governments of Iraq and Kuwait and the United Nations to stop the new demarcation of the border procedures and rejected annexation of the oil wells in the region to the Kuwaiti sovereignty until reaching a solution satisfactory to both parties and reconsider the agreement signed by the previous regime with Kuwait.


Iraq has been under since the year (1990) under Chapter VII of the Charter of the United Nations, which imposed after the invasion of the regime of former President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to large amounts of frozen its assets in the financial global banks to pay compensation to those affected by the invasion.






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[ltr]Maliki: We are not yet ambitious limit the establishment of the Iraqi banking system[/ltr]

	07/07/2013 - 12:54

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		[ltr]Alsumaria News / Baghdad Prime Minister Nuri al-Maliki, Sunday, that Iraq has not yet reached the ambition to establish the banking system, noting that Chapter VII was an impediment to international companies to enter Iraq. Maliki said on the sidelines of the celebration of the tenth anniversary of the Trade Bank of Iraq, attended by "Alsumaria News", "Iraq can not claim that is reached from the banking system is able to meet all the aspirations and needs, but the banking system either TBI or other banks strides and laid the foundations of this system, "stressing that" Iraq is still the need to develop and activate the process and interaction with international banks and the latest developments banking. " Maliki said that "one of the nodes that hinder some of the work or crash and drain time is the lack of a banking system integrated بالياته and prospects and تبادلاته", referring to "the need to achieve confidence with international banks to build a sound banking system." Maliki confirmed that "TBI was able to recover the amount of debt that has been lent to investors, amounting to billion dollars and a half billion to re-lend again to other investors," pointing out that "the bank over the difficult conditions and practices were not correct, but quickly took action to correct the and re-track to the right things and effectively and strongly. " Between al-Maliki that "the provisions of Chapter VII was an impediment to international companies to enter Iraq and was giving a message to all who wish to deal with Iraq economically as in its gallery and its sovereignty and security and the possibility of international intervention in its affairs." And the foundations of the Trade Bank of Iraq in July of 2003 with a capital of U.S. $ 100 million was then raise capital from the cumulative profits in the year 2008 to half a trillion dinars in the intention to raise capital to trillion Iraqi dinars. And had already suffered TBI problems led to the escape of director former Hussein Azri, who has linked the President National Congress, Ahmad Chalabi, as previously Prime Minister Nuri al-Maliki, to announce the second of September 2011, the past, the Council of Ministers as directly responsible for the Commercial Bank, decided to form a joint investigative committee of the Integrity Commission and the Office of Financial Supervision and the Ministry of Finance and experts, where she presented a report on the irregularities in the bank, the report was referred to the judicial authorities responsible for consideration. The director of the Commercial Bank of Iraq Hussein Azri, had arrived in Beirut on the fourth of June 2011 the last fugitive from Iraq against the backdrop of accusing the bank's board of corruption by Prime Minister Nuri al-Maliki, while Re close to the bank that the matter falls within the liquidation of political, carried the Commission Integrity parliamentary government responsible for the escape Azri outside the country, and confirmed that it has repeatedly stressed not to allow any official travel only after approval. It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked is through the use of telephones and fax machines, and did not enter the Internet until after the year 2004, and is seeking the Ministry of Finance to develop the banks associated with them through the introduction of modern technologies and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq[/ltr]

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[ltr]Turki: our outweigh the potential challenges that we face and the future will be a surprise[/ltr]

	07/07/2013 - 13:23		| Source:
		[ltr]Economy and Business[/ltr]	333 views
	Author: Ahmad Valley, Hussein gesture

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		[ltr] Alsumaria News / Baghdad The head of the central bank and agency Abdul Basit Turki, Sunday, the possibilities Iraq outweigh the challenges we face, pointing out that the near future will be a surprise, while pointing out that Iraq is open to all who wish to invest and rebuild the institutions in the country. Turki said in a speech during a ceremony marking the tenth male Iraqi Trade Bank, said, "commissioned by the months in the management of the Central Bank of Iraq, I can say that Amkantina far outweigh the challenges we face," he said, adding that "the near future will be a surprise." Turki added that "delegations of representatives of major banks in the world visited Iraq during the last period to begin to exercise their activity in Iraq," stressing that "Iraq is open to all who wish to invest and rebuild the institutions in the country." Prime Minister Nuri al-Maliki was considered, on Sunday (July 7, 2013), that Iraq has not yet reached the ambition to establish the banking system, noting that Chapter VII was an impediment to international companies to enter Iraq. It is noteworthy that the Iraqi Central Bank was established as a bank independent under its law issued on the sixth of March of 2004, and is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions a day for the sale and purchase of foreign currencies with the exception of public holidays which stops Bank of the auction.[/ltr]

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