KTFA:
Clare: An Iraqi parliamentary delegation visits the Iraqi embassy in Washington
The Iraqi parliamentary delegation, headed by Representative Hussein Arab and with the membership of a number of members of the House of Representatives, visited the headquarters of the Iraqi embassy in Washington, on 5/26/2023, where the delegation was received by the Chargé d’affaires at the embassy, Dr. Silwan Sinjari.
During the meeting, they discussed the importance of the embassy’s work in developing relations between Iraq and the United States of America, and the role of the House of Representatives in promoting diplomatic work paths and developing Iraq’s foreign relations. The conditions of the Iraqi community in Washington were also discussed, as the parliamentary delegation affirmed its keenness to pay attention to the conditions of expatriate Iraqis, and to learn on their affairs and problems and follow them continuously.
Parliament,Media Department, 27/5/2023 LINK
Clare: Handal: We seek to expand banking and financial relations with the international and regional environment
5/27/2023
The head of the Iraqi Private Banks Association, Wadih al-Handal, confirmed that the association seeks to expand banking and financial relations between Iraq and its regional and international surroundings.
Al-Handal said in his speech during the annual banking conference, which was attended by “Al-Iqtisad News”, that “digital transformation is an important matter at the level of all sectors in our dear country, Iraq, and linking digital transformation with electronic payment, which takes great resonance during this period, especially with government plans and the efforts of the Central Bank aimed at achieving this transformation and benefits.” The major benefits that it brings to all aspects of the citizen’s life and the economic and financial cycle, and the related need to develop human capabilities, expertise, systems, and the application of the highest standards of information security and infrastructure that can be expanded and modernized.
He added that the conference “is concerned with expanding banking and financial relations with the international and regional environment to form partnerships and alliances that open horizons for the flow of foreign investments to enter Iraq within controls that rely on transparency and flexibility in completing and accelerating work, and on the other hand we seek to review the obstacles facing domestic and foreign investment in the banking and financial sector.” In terms of market risks, legislation and regulations,” stressing the importance of “the government approach in relation to reforming the banking system through restructuring and mechanization of government banks and stimulating, developing and enabling private banks to support investment and development.”
Al-Handal continued, “We believe that the basis of development and growth is the human factor, and for that we always strive to develop local skills and expertise in various specialties to include them in the labor market and provide decent job opportunities for young people that guarantee them a decent life and benefit the various business sectors. We will announce a pioneering project within the work of this conference.” about this “.
Earlier in the day, the activities of the annual Iraqi banking conference were launched under the auspices of Prime Minister Muhammad Shia al-Sudani, the support of the Central Bank of Iraq, and the organization of the Iraqi Private Banks Association.
The annual banking conference organized by the Association of Iraqi Private Banks is held with the support of the Central Bank and in the presence of a large number of banking leaders in Iraq in addition to the governors of Arab and foreign central banks and international financial institutions. LINK
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