National Bank Of Iraq Wins The “Excellence Award” From “Citi Bank” In Recognition Of Its Outstanding Performance
Banks Economy News – Baghdad The National Bank of Iraq announced that it won the “Excellence Award” from Citi Bank, in recognition of its exceptional performance in managing incoming and outgoing financial transfers, stressing that this is an achievement that reflects its commitment to the highest standards of quality and transparency in banking services.
This award is a global testament to the bank’s efficiency in implementing financial operations with utmost precision, as it excels in ensuring that transactions are processed according to the highest international standards, while providing the required documents in the correct manner and on time.
This achievement reinforces the position of the National Bank of Iraq as one of the leading banks in the Iraqi banking sector, committed to providing reliable and effective financial solutions that meet the needs of its individual and corporate clients.
Commenting on this achievement, Ayman Abu Dahim, Managing Director of the National Bank of Iraq, expressed his pride and honor in the bank receiving this prestigious award, explaining that receiving this award reflects the bank’s tireless efforts and its firm commitment to providing banking services that are in line with the highest international standards,
noting that the National Bank of Iraq believes that innovation and continuous development are the key to success, so it has worked to adopt the latest technologies to ensure the speed and efficiency of financial transfers, which provides its customers with a safe and reliable banking experience.
Abu Dahim praised the efforts made by the bank’s work team at all administrative and functional levels in providing the best banking services and achieving the highest levels of accuracy and transparency, stressing the bank’s commitment to continue developing its operations and strengthening its partnerships with global financial institutions, in a way that ensures the provision of advanced banking solutions that keep pace with the aspirations of our customers and contribute to supporting the national economy.
It is worth noting that the National Bank of Iraq is one of the leading private financial institutions in the Iraqi banking market, as it constantly seeks to provide innovative banking services that meet the needs of customers and enhance their confidence, by providing integrated financial solutions that support individuals and companies, while adhering to the best international practices in the banking sector. 215 views Added 02/26/2025 – https://economy-news.net/content.php?id=52992
Iraqi Trade Bank Decides To Stop Cash Withdrawals Via Atms Outside Iraq
Banks Economy News – Baghdad The Trade Bank of Iraq announced, on Wednesday, the suspension of cash withdrawals via ATMs outside Iraq.
The bank’s media advisor, Aqeel Al-Shuwaili, said in a statement, seen by “Al-Eqtisad News”, that “due to the risks resulting from the misuse of electronic cards (Visa and MasterCard), and to avoid these risks, cash withdrawals through ATM machines for these cards outside Iraq only have been stopped.” He added that “the cards can be used to pay through POS machines and online.” 148 views Added 02/26/2025 – 5:48 PM https://economy-news.net/content.php?id=53006
More Than 95% Of The Central Bank Of Iraq’s Sales Today Are For Foreign Transfers
Wednesday 26 February 2025 16:36 | Economic Number of readings: 122 Baghdad / NINA / Foreign remittances exceeded 95% of the total sales of the Central Bank of Iraq in its daily auction, today, Wednesday.
The Central Bank sold today 288 million, 620 thousand and 427 dollars, at a price of 1310 dinars per dollar for documentary credits and international settlements for electronic cards and foreign remittances, and 1305 dinars per dollar for cash withdrawals.
Most of the sales went to enhance balances abroad through remittances and credits, amounting to 276 million, 320 thousand and 427 dollars, representing 95.65% of total sales, while cash withdrawals amounted to 12 million and 300 thousand dollars.
Only one bank bought cash dollars, while five banks met requests to enhance balances abroad, and the total number of exchange companies participating in the auction was 13 companies. https://ninanews.com/Website/News/Details?key=1188954
Al-Mashhadani: Iraq Is Stable In Terms Of Security And Economy And Has Adopted A Non-Aligned Approach
Politics | 04:06 – 02/26/2025 Mawazine News – Baghdad Parliament Speaker Mahmoud al-Mashhadani confirmed on Wednesday that Iraq is stable in terms of security and economy and has adopted a non-aligned approach.
Al-Mashhadani said during a dialogue seminar on the sidelines of the third Erbil Forum on the accumulated concerns about the future of the Middle East: “Iraq is stable in terms of security and economy and has adopted a non-aligned approach with what is happening around it in the region, and we are working to build a prosperous Iraq that has a pivotal role in the region and thus open the door to global investment.”
He added, “Iraq contains about 1432 investable materials between energy and other materials, and Iraq as an energy reserve, the world will ensure that it remains stable and that there is no danger to Iraq from what is happening around it.” https://www.mawazin.net/Details.aspx?jimare=259864
Finance Minister At IMF Meeting: We Expect Non-Oil Revenues To Increase
Local | 02/26/2025 Mawazine News – Baghdad Finance Minister Taif Sami stressed on Wednesday the importance of updating financial systems to keep pace with global economic changes.
The ministry said in a statement received by Mawazine News that “in a step that reflects the depth of regional economic cooperation, Finance Minister Taif Sami participated in the International Monetary Fund meetings held in the Jordanian capital, Amman, which come within the framework of periodic consultations with the Fund.”
During the meetings, the Finance Minister discussed “several basic strategic axes, including the implementation of the 2024 budget, where plans for its implementation were reviewed with a focus on controlling expenditures and enhancing the efficiency of distributing financial resources in line with the state’s economic goals.”
The statement continued, “Ways to improve public finances were discussed by enhancing investment opportunities, directing social spending towards vital sectors, in addition to supporting non-oil funds to reduce dependence on oil revenues.”
The meetings discussed, according to the statement, “developments in the field of banking reforms, highlighting the importance of updating financial systems to keep pace with global economic changes, in addition to discussing expectations of the economic situation during 2025, while reviewing potential strategies to increase non-oil revenues, including tax identification issues and adopting a unified accounting system.”
The Minister of Finance explained during the meetings that “these meetings come within the context of the ministry’s ongoing efforts to enhance financial stability and achieve structural reforms that ensure the growth of the national economy.”
She pointed out “the importance of close coordination with regional and international development partners,” noting that “cooperation with the International Monetary Fund team is the cornerstone for developing financial policies in line with current challenges.”
The statement added that “these meetings come as a strategic step within the efforts made to reform the financial and banking sector in Iraq, with the aim of enhancing financial stability and supporting economic growth.”
It pointed out that “these meetings are expected to result in new financial policies that focus on diversifying sources of public revenue, developing the banking system, and improving spending efficiency in line with global economic changes, which contributes to enhancing the flexibility of the Iraqi economy and increasing its ability to face financial challenges.”
https://www.mawazin.net/Details.aspx?jimare=259866
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