Iraq is getting attention form the foreign countries in a good way. Other countries are interested to increase business in Iraq. Several countries are competing hard with one another to get the best out of foreign businesses, as best as they can. Most states have understood the difference that foreign businesses makes for a country so on bilateral and singular bases they are trying to focus in foreign countries.
Iraqi Dinar 123 News:- France has shown interest in to develop trade and business relations with Iraq. In bilateral meeting between France and Iraq discussed France deal with public sector organizations and private business associations for trade and exchange. The new French ambassador of Iraq Marc Barete announced in a meeting with political persons and members of business association in Iraq.
National Business Council of Iraq said that Iraq is rich country in the natural resources that need international efforts and cooperation to get maximum benefits from these available resources. The clashes between Iraq security forces and Sunni militants affected the economy of Iraq badly. The experts believe that there is no any military solution of Iraq situation.
The CBI and other private banks gave approval of setting up banks in such areas of the country which would give good business finance to them. Most of the private banks are expected to handle and manage things out in such a way that everything would operate in Iraq to develop a sound working system of branches in the different provinces for better development.
Lebanon banks are some of those banks who were allowed to operate in the Iraq by central bank. The Lebanon banks are expanding their business activities in Iraq and have launched a wide campaign to gain their business goals in Iraq. The central bank of Lebanon said that Iraq is offering active business opportunities in the country that Lebanon banks don't want to waste.
It can be seen that more than 28 international business councils are ready to provide support to Iraq for a better and balanced system of economy. This act is being done due to the present conditions of Amrabha. Jaafar al Hamdani said that several Arab associations and international boards of joint business for a better system of doing joint business in Iraq and other Arab countries.
Iraqi Dinar 123 News:- Economists welcomed the relation of trade that started again after a long break. The trade started between Baghdad and the rest of the world. The Rafidain Bank in London has reopened which is a great thing for Iraq. Its closure caused problems for the country as it helped Iraq in the financial markets.
Iraqi Dinar 123 News:- Dubai will form a long term business relationships with Kurdistan as it is always welcomed by the people of Kurdistan; said UAE Consul General Rashid Al Mansouri. He said that UAE is always there to support Erbil in the economic development of the region.
The Arab world has never created good relations with Iraq. Most of the time they even cancelled the events of patch up because of many reasons. One major issue has remained a Sunni Sheea dispute. Saudi Arabia has remained in opposition of Iraq most of the time.
The central bank of Iraq invited money exchange companies to do business with central bank by selling US dollars and other foreign currencies in the country. Central bank offered this business opportunity to the money exchange companies after meeting with World Bank and IMF in Washington DC.
Iraqi Dinar 123 News :- The Islamic banking System is a good system for Iraq to attract businesses and gain maximum benefits from it. According to experts, it is important that the commercial banks should bring business in its bets form to earn the maximum profit for the betterment of the public.
Iraqi Dinar 123 News:- Central bank of Iraq is introducing new banking reforms to support local and international trade. These reforms are expected to bring positive change in the behavior of foreign companies for Iraq and its local companies. Central bank of Iraq under the supervision of governor Salman introduced new payment method for local and international companies operating in Iraq.
The exhibition held in Basra was a great success. All those people who never knew that Iraq is speeding towards a better system of management are now very much interested in business in Iraq. The Basra exhibition was a great success which helped in bringing foreign business-men in the oil region. Several countries took part in the fair which was a huge success.
The economic experts like Yasser Hussein say that Iraq will have to focus on the development of banking system of Iraq as it is sure way to attract foreign companies for the purpose of business in the country. The banking system of Iraq is operating the traditional and old banking methods in their routine business operations that are so poor strategy by the government and central bank of Iraq.
Iraqi Dinar 123 News:- Iraq is an oil rich Arab country and like many other Arab states is trying to develop good relation with the world. Iraq is trying to start bilateral trade with the other Arab states and international economic organizations like Organization of Islamic Cooperation.
The ISIS or Islamic State in Iraq and Syria has announced that they have opened their own bank in the City of Mosul to provide loans and to compensate for mangled currency, in order to financing and to raise the business for terrorist organizations.
The Central Bank of Iraq is finding notable measures to control the inflation in the country and also to stabilize the currency of Iraq. Iraqi currency is charming for investors. The currency of Iraq has been in the headlines in the business world for a number of years for its chances to regain the value.
These days every investor is looking at the condition of Iraqi economy. This is because the investors have put money into their currency business. They want the profit that Iraqi Dinar experts have promised to them.