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."
SOURCE
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."
SOURCE
Exchange rates in the markets of Baghdad and Erbil
The exchange traded in Baghdad and Erbil, the exchange rates of the dollar against the Iraqi dinar, on Wednesday (August 23, 2017), as follows:
Baghdad
Selling price is $ 100 = 125,500 Iraqi Dinar
Purchase price $ 100 = 124,500 Iraqi dinars
Erbil
Selling price $ 100 = 126.250 Iraqi Dinar
The purchase price is $ 100 = 125.250 Iraqi Dinar
SOURCE
Baghdad
Selling price is $ 100 = 125,500 Iraqi Dinar
Purchase price $ 100 = 124,500 Iraqi dinars
Erbil
Selling price $ 100 = 126.250 Iraqi Dinar
The purchase price is $ 100 = 125.250 Iraqi Dinar
SOURCE
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.
He met the Saudi delegation immediately upon his arrival with Prime Minister Haider al-Abbadi and met later with
An Iraqi delegation that included ministers of planning, agriculture and electricity, head of the Investment Authority attended by 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.
SOURCE
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.
He met the Saudi delegation immediately upon his arrival with Prime Minister Haider al-Abbadi and met later with
An Iraqi delegation that included ministers of planning, agriculture and electricity, head of the Investment Authority attended by 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.
SOURCE