Director of Microsoft Corp.: ready to contract with all Iraqi banks in the field of transfer of expertise and technological banking

26-05-2013

Baghdad (news) .. The Director of Business Development of Microsoft Corporation in Iraq Firas al-Obeidi, his company's readiness to conclude agreements with all Iraqi banks in the field of transfer of expertise and technological banking.

Obeidi said (of the Agency news): The Iraqi banking system in dire need of modern developments he is still working according to the old traditional systems, where it lacks the Integrated Systems banks in the issue of remittances, as well as the lack use Alvezacard systems and MasterCard.

He explained: that his company is ready to hold agreements with all banks, the Iraqi government and private in the field of training competencies and transfer of expertise in the company as well as the transfer of technological world in the banking industry, to create a device that Iraqi bank a sophisticated, easy operations and provides banking services better to the citizen. / End / 8 .. /


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Vian outsider: Payment on credit law will pass, as amended, for a vote in the House of Representatives

05-05-2013

Baghdad (news) .. Chairman of the Committee warned services and reconstruction MP / coalition of Kurdish blocs / Vian outsider, the vote on the draft law of infrastructure coming from the government, because it would put Iraq under a large debt can not get out easily.

Dakhil said (of the Agency news): The parliamentary committees conducted an amendment on the draft law of infrastructure or the so-called 'payment on credit', which came from the form of government maintains public money and wealth based on Iraqi oil.

She explained: that the version that came from the federal government can not be voted on in the House of Representatives, because it put Iraq in significant economic problems and overburden the state financial debt, stressing that the revised draft will be passed within the Council for the purpose of voting on them.

She pointed out: that the only bloc, which objected to the amendments to the law 'coalition of the rule of law', while the other blocs expressed their consent to the recent amendments, voting weighted by the parliamentary majority during the next sessions of the House of Representatives. / End / 8.'s. M /

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Economic center: invest part of the reserves of the Central Bank in local projects is a major economic risk

02-05-2013

Baghdad (news) .. Head of the Media Center warned economic Dergham Mohammed Ali, invest part of the central bank reserves of hard currency in local projects within the country, because it is a major risk to the economic situation in the country.

Muhammad Ali said (of the Agency news): The foreign reserves of the Central Bank currency is an asset for an emergency on the one hand and also cover the local currency of the other hand and the lid is an international reliability and this is what makes the preservation and development necessary.

He stressed: not to use it only when absolutely necessary, ie to lend to the government at the time of salt fiscal deficit in the state budget finances.

He added: parts of it, can be invested in investment portfolios are almost guaranteed European central banks, either incorporated in the local projects it is a major economic risk that this process is not the prerogative of the Central Bank of Iraq.

He pointed out: that the return on investment at European banks are for the development of the reserves and not to spend within the local budgets, except in cases necessary. / End / 8.'s. M /

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