Clare: The Bank of Iraq extends working hours to complete money transfer transactions
The Chairman of the Trade Bank of Iraq (TBI) directed, today, Tuesday, to extend working hours to complete money transfer transactions.
The bank’s media spokesman, Aqeel Al-Shuwaili, told the Iraqi News Agency (INA): “The bank’s director directed that the work of remittance employees and cashiers in all bank branches should start from 7:00 am until 3:00 pm in order to complete all transactions related to financial transfers.”
He added: “Work will continue according to the above mechanism until the completion of the last transaction within the branch.” LINK
Clare: EXIM Bank approves $297m for Energy Project in Iraq
10/8/2024 By John Lee.
The Export-Import Bank of the United States (EXIM) has approved a $297 million final commitment in support of an energy efficiency project in Iraq.
The project will increase the availability and reliability of electricity in Iraq by generating power through waste heat.
Florida-based Stellar Energy Americas, Inc. will provide engineering, procurement, construction and other services in support of this project.
This transaction is estimated to support 600 U.S. jobs across more than half a dozen states. LINK
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Clare: Governor of the Central Bank of Iraq chairs a meeting on bank lending
October 08, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Supreme Executive Committee for the National Strategy for Bank Lending in Iraq, formed by virtue of Diwani Order No. 51 of 2024, in the presence of the Undersecretaries of Ministries, Organizations and Concerned Authorities.
During the meeting, the importance of the role of the banking sector, government and private institutions was discussed, and their role in implementing this strategy and implementing the main axes and sub-objectives of the National Strategy for Bank Lending was defined.
His Excellency the Governor stressed that the National Strategy for Bank Lending aims to stimulate and stimulate the Iraqi economy, in addition to achieving growth in all areas, which this strategy will contribute to through the establishment and expansion of small, medium and large enterprises, stressing the importance of cooperation of the relevant authorities in the success of this task, which is a priority at the national level in providing job opportunities for young people and investing their energies and capabilities in a way that achieves economic growth in the economic sectors.
It is noteworthy that the Central Bank of Iraq launched on May 25, 2024, the National Strategy for Bank Lending in Iraq for the years 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and international organizations. The axes of what was included in the strategy and the mechanisms for working on it were determined, each according to his specialization.
Central Bank of Iraq
Media Office
October 8, 2024
