November 25, 2014

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Faisal Al Haimus appointed as Chief Executive officer to Bank of Baghdad

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/FYILvyMBB7g/faisal-al-haimus-appointed-as-chief-executive-officer-to-bank-of-baghdad-284527

Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is headquartered, announced that the appointment of Mr. Faisal Al Haimus, as the Chief Executive officer to Bank of Baghdad – a Burgan Bank Group’s Subsidiary in Iraq is a step among many that have been undertaken to build Iraq’s best in class commercial bank that is present in the 18 governorates in Iraq.
The appointment follows the strategic direction that has been taken by the Group to transform the operations to follow the best-in-class model applied throughout group members. Bank of Baghdad, is considered one of the best privately owned banks in Iraq and provides an efficient doorway to international businesses to the vastly growing opportunities in the complex operating environment of Iraq.
Bank of Baghdad is a member of Burgan Bank Group that is present in 7 countries across the region (Kuwait, Turkey, Jordan, Algeria, Iraq, Tunis, Lebanon with a branch network of more than 233 branches).
On this appointment, Mr. Eduardo Eguren, Group Chief Executive Officer of Burgan Bank Group said: “We are delighted to the announcement of Mr. Al Haimus’s as CEO of Bank of Baghdad, We are a firm believer in the potential that Iraq’s economy presents despite the security situation and in Bank of Baghdad’s capabilities in offering a competitive edge in the Iraqi market for both corporations and individuals.”
Mr. Al Haimus’s commented on his appointment: “Bank of Baghdad has the right foundation and market share to build on to be the best in class commercial bank in Iraq. Being a member of Burgan Bank Group, Bank of Baghdad benefits from the vast footprint that the group enjoys. Our clients both local and international will benefit from this reach and access to the growing economies of Turkey, GCC through Kuwait, Jordan, Algeria, Tunis and Lebanon.”
Prior to joining Bank of Baghdad, Mr. Al Haimus served as the head of Wholesale Bank – Iraq for Standard Chartered Bank managing the origination and driving the penetration to the rapidly growing Iraqi market as well as engaging with relevant stakeholders to establish presence for Standard Chartered in Iraq.

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World Bank loan requests from Iraq

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/GjTuxXGzVyg/world-bank-loan-requests-from-iraq-284368

With experienced by the world economic crisis, destabilizing the economy even in the Great Powers, with only one country, stable and even thriving economically, thanks to the huge oil revenues, which have become insufficient to support the World Bank, to prevent this crisis caused, collapse comprehensive in the economy the world.
I’m talking about Iraq, the country’s first globally in the field of oil, in terms of production and reserves, and where to put it Kmtsdr list of oil-producing countries, not only to save him from the global crisis, but will make him one of the most important pillars on which it will be based on the global economy.

In Azman ago, Iraq and due to the recklessness of governments, wars and the siege of the thefts and negligence, wrong policies and irresponsible to the extent that they are not called policies, introduced in economic crises, they will be equipped with it completely, if not name flashed in the field of oil Profile Management, which represents the backbone of the economy of Iraq .
Starting from the oil problems with the region, doubling oil production, leading to agreements export problems, the price of Iraqi oil in the global stock market, the obstacles began Taatzll in front of those mighty mental, the seasoned politician and an expert economist and a man driving a first-class, bringing the country to a state of recovery and economic stability this.

But in spite of all the achievements of this man, in the field of oil file, and political achievements of its predecessors, while Iraq was to get rid of the effects of the fall before 2003, and the positions do not express to all Semitic principles, and doctrine established, he suffered what hit him all fair characters, the Throughout history, from the targeted media campaigns, and rumors aimed at distorting every reputable. What the media war still exists, not the only things that this man is one of the leading figures in the current Mihrab, but each searching for the truth, and researchers for the names of the actual contribution, Iraq has helped to advance than it was, at the entrance to the oil ministry building, and the faculties of political science, management and economics, the statue holds a patch definition, d. Adel Abdul-Mahdi, activist and political, economic and mentality, and Iraqi Oil Minister _… 2014.

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The World Bank stands ready to support Iraq

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/3lITV1At7ZI/the-world-bank-stands-ready-to-support-iraq-283665

The World Bank expressed its readiness to support Iraq financially and technically in the rebuilding and rehabilitation of infrastructure and private sector participation in the economic process Balbld.oukal Chairman of Bord World Bank Hassan Mirza, who is visiting Iraq with a delegation of the Bank is, in a panel discussion to media today that the visit of the delegation, which represents the bank International and International Finance Corporation to Iraq with the beginning of the new government aims to move the bank’s readiness to support Iraq in all its institutions financially and technically, adding that the delegation had many interviews with the prime minister and his deputy and head of the House of Representatives and Minister of Finance and a number of ambassadors and representatives of the private sector, and transfer them as an important partner, either financially or expertise on financial matters He explained Mirza that Iraq is an important country in the region, which is facing challenges Kalmoisna and security situation and the fluctuation of oil prices, noting: that the delegation announced the development of the financial sources to help Iraq in infrastructure projects and development projects and create jobs for young people in all areas in addition to the participation of the private sector. and that is a governmental delegation touching a clear interest in the implementation of projects and the private sector is an important partner in. For his part said delegation member Fred Belhadj said World Bank opens a new page in Iraq under a new vision of thinking big projects concerned with the strengthening of structures infrastructure in all service areas, adding we want to interact with the government and people of Iraq to demonstrate that there is a job in this country and its economy, and we realize that there are challenges and difficulties in some areas and at the same time we want to wait for the demise of this crisis and difficulties. For his part said delegation member Fouad Makhlouf said of the most important Manrkz it with Iraq in the coming period, creating job opportunities for young people and create opportunities for the private sector that have a role in building the economy. We have found great attention of officials to deal with this aspect, in addition to work on the development of laws so that the private sector can carry out his duties He explained Makhlouf, that the state can not alone cover infrastructure costs alone, without the participation of the private sector .obges Finance Minister Hoshyar Zebari, with the World Bank delegation Iraq relations Alpennek.ozkr statement with the Ministry of Finance: The Zebari reviewed with Bank delegation, funded projects, and done them Almtlki. Zebari asked the World Bank delegation to increase funding for a number of investment projects based on the priorities of the government, pointing out: The Ministry of Finance will approach the Ministry of Planning and the relevant ministries in order to provide a list of the most important basic projects. On the other hand, said House Speaker Salim al-Jubouri, said the financial situation in Iraq are not adversely affected the security and political situation, and that the House of Representatives bear the consequences of the delay in the budget by the government Alsabakh.wachar Jubouri at the meeting, the Arab Group delegation at the World Bank to the presence of the priorities for financial support provided by the Central Bank of Iraq, especially the sectors of oil and the unemployed, and to support projects of the emergency nature, especially with respect to the support of the displaced and the provision of adequate housing for them, referring to the launch of a package of projects related to economic and legislative reforms in Albulad.erb thanks to the visit of the Arab Group delegation, stressing the credibility of the World Bank in support of Iraq.

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Kap comments on a World Bank article

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/4SEA7A8Kc_4/kap-comments-on-a-world-bank-article-283374

Kaperoni Article: “Al-Abbadi, confirmed the World Bank sought to shift towards the private sector and encourage investment” Quote: “The Al-Abadi said the Bank hoped to achieve what we yearn for in our Government to shift towards the private sector and to encourage the movement of investment, referring to the Bank’s role during the last 10 years in support of joint projects with the Iraqi Government and the private sector.” This article is amazing…the World Bank basically said…we have helped you prepare, and now its time…dont be scared we are with you and now is the time to open the economy. Just amazing article!

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Bank of Baghdad gets New MD

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/0DoDO0dolb4/bank-of-baghdad-gets-new-md-283390

The Bank of Baghdad (BOB) has reportedly announced the appointment of Mr. Faisal Al- Haimus as Managing Director.

According to Radio Dijla, Mr. Al -Haimus has over twenty years of banking experience with Standard Chartered,HSBC and Mashreq Bank.

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Abadi meet World Bank delegation

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/GDes4615qhU/abadi-meet-world-bank-delegation-283230

Baghdad-and babysit – said Prime Minister Haider al-Abadi, the hoped the role of the World Bank in achieving what aspire to him the government in its program to shift towards the private sector and encourage investment movement, as indicated by the Executive Director of the Bank Mirza Hassan to the readiness of the World Bank to support the development process in Iraq.

He said the prime minister’s office said in a statement issued on the sidelines of a meeting Abadi with the World Bank delegation, which represents the main headquarters in Washington and the Regional Office for the Middle East and North Africa and the IFC in the Middle East and North Africa and the Office of the Iraq and received news agency public opinion (and babysit), a copy of which “In the beginning of the meeting, Abadi welcomed the visit and praised the role of the World Bank delegation in supporting development projects and economic reform.”

He added that “the Prime Minister pointed out the role of the World Bank during the last ten years in support of joint ventures with the Iraqi government and the private sector,” noting that he “stressed hoped the role of the Bank in achieving what erected to him in our government program to shift towards the private sector and encourage investment movement” .

For his part, Executive Director of the World Bank Mirza Hassan during the statement, the “readiness of the World Bank to support the development process in Iraq, and the role is expected to support Iraq in the completion of projects and encourage the private sector,” and expressed confidence in “the ability of the Iraqi economy to advance and overcome all the challenges due to the Iraq possessed of natural and human potential, “PSC / h

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World Bank delegation arrives in Baghdad

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/L18Lrq68K7E/world-bank-delegation-arrives-in-baghdad-283159

BAGHDAD / Nina:
Arrived in Baghdad yesterday, a senior delegation from the World Bank to hold meetings with officials, especially Prime Minister Haider al-Abadi, specialists economic aspect.

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RV WILL BE OFFICIAL WHEN THE BANK RATE CHANGES IN IRAQ

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/veUfXg1rNUE/rv-will-be-official-when-the-bank-rate-changes-in-iraq-282899

DC RV WILL BE OFFICIAL WHEN THE BANK RATE CHANGES IN IRAQ, CBI WILL BE AFTER. I REALLY LIKE THIS WEEKEND, I KNOW MANY ARE PREPARED FOR THIS TO GO THIS WEEKEND ACROSS THE WORLD, I EXPECT IT TO, BUT WE HAVE TO BE CAUTIOUS GIVEN OUR PAST ISSUES.

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Tman talks about a World Bank delegation.

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/f7lPNLaOkT0/tman-talks-about-a-world-bank-delegation-282820

tman23 The G19 (20) Russia excluded is making a move…By the article from the CBI it is the World Bank that is directing Iraq monetary policies…In ink a World Bank delegation is set to meet with Iraqi officials…It is IMO that the CBI governor, Jabouri, Zabari and Abadi do not know the planning of the IMF and World Bank…What I’m saying is I don’t believe they are informed of a rate etc. for their currency…it may be laid out for them hours before we see the release…I am of the opinion that when the World Bank delegation arrives…they hold the keys to release the IQD internationally.

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War town has been renamed as ‘Victory Bank’ in Iraq

Source: Dinar Daddy’s Tidbits
URL: http://feedproxy.google.com/~r/115/BKGb/~3/Grp47T9i38I/war-town-has-been-renamed-as-victory-bank-in-iraq-282555

Iraq renamed this town on the banks of the Euphrates this week to reflect the triumph of its security forces here against Islamic State militants, who were driven out last week. Jurf al-Sakhar, or “rocky bank,” became Jurf al-Nasr, or “victory bank.”
But a visit to the Sunni settlement Tuesday laid bare the huge cost of that victory. The town is now emptied of its 80,000 residents, and building after building has been annihilated — from airstrikes, bombings and artillery fire.
After four months of battles between the Islamic State and the Iraqi army, about 10,000 pro-government Shiite militiamen were poured into the area for a final push, according to Hadi al-Amiri, who leads the Badr Brigade and coordinated the operation. Defeating the militants involved clearing out all of the residents and leaving the town near-flattened, underscoring the challenge the Shiite-led government faces in areas where demographics do not work in its favor.
Here, there was no choice but to push forward. In just over a month, the nearby highway would be packed with millions of Shiite pilgrims heading south to commemorate the death of Imam Hussein, a figure revered in Shiite Islam. Militants based in Jurf al-Sakhar had stepped up attacks in recent weeks on the holy city of Karbala, about 20 miles south and home to the Imam Hussein Shrine. Officials said clearing Jurf al-Sakhar of militants had been essential to prevent large-scale assaults during more than a month of religious events.
On Tuesday, hundreds of militiamen trundled out of Jurf al-Sakhar in trucks and buses, handing over control of the town and outlying villages and farms to Iraqi security forces. As flatbed trucks carrying field artillery waited to move out, Humvees and bomb-disposal vehicles burned in streets that the insurgents had laced with explosives. In the town center, the smell of death lingered in the air.

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