TNT – “Tidbits From TNT” Sunday 5-5-2024


Tishwash:  Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches in Karbala and Mosul

Al-Rafidain Bank announced, this evening, Saturday, the implementation of the comprehensive banking system in its Hindiya branches in Holy Karbala and Ashur in Mosul.

A statement from the bank, a copy of which {Al-Furat News} received, stated: “To join the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah – Safwan – Arar – Trebil) in an important step to leave the paper work and move completely towards… Electronic transformation. 

The bank confirmed, “The plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank in implementing the system, especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens’ transactions.”  link

Tishwash:  Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion of investor desires

INA Advisor to the Prime Minister for Investment Affairs and Head of the Iraq Fund for Development, Muhammad Al-Najjar, confirmed today, Saturday, that Iraq is a fertile environment for projects and there is an expansion of investors’ desires to enter it. 

Al-Najjar told the Iraqi News Agency (INA): “The government has taken an approach that has intensified efforts to invite many countries and companies to invest in Iraq, and Prime Minister Muhammad Shiaa Al-Sudani is taking advantage of his foreign tours, the most recent of which is his participation in the World Economic Forum in Saudi Arabia, with great work and activity to support investment in Iraq by inviting companies.” To enter Iraq.

He added, “The economic forum in Riyadh, which was held recently, was attended by a large number of decision-makers from companies and countries that will have a clear role in entering Iraq,” noting, “Iraq in the forum focused on 3 main topics, which are energy, agriculture, and information technology.” .

He pointed out that “the Prime Minister’s visit during his participation in the forum held in Riyadh included political meetings and many economic files were raised,” noting that “Iraq has begun to compete with many countries of the world by inviting investors to come to the country.”

He pointed out that “Iraq It has large investment opportunities amounting to $450 billion allocated to projects that need marketing in order to attract capital.
He stated, “There is a strong desire from Saudi investors to enter and expand their work in Iraq,” explaining, “The large Iraqi market is full of opportunities, especially in the field of industry, and Arab and international companies can establish factories in the country.”

He continued, “Iraq is a country fertile with investment opportunities and has begun to gradually rise on the economic map among countries in light of the current government’s continuous work to improve the economic and investment situation.” . link


Tishwash:  To reach an agreement on 10 memorandums…the start of the meetings of the sixth session of the Iraqi-Iranian committee in Tehran

Today, Sunday (May 5, 2024), the Ministry of Commerce announced the start of the meetings of the sixth session of the Iraqi-Iranian Committee in Tehran.

The ministry’s media stated in a statement received by “Baghdad Today” that “the meetings of the sixth session of the joint Iraqi-Iranian committee began in the Iranian capital, Tehran, which is headed by the Iraqi side, Minister of Commerce Atheer Daoud Al-Ghurairi, to discuss strengthening economic and trade relations and understanding the ten joint memorandums of understanding that the two sides intend to sign.” in various fields and in a manner that serves their common interests.”

He explained, “The committee’s work will continue over the fifth and sixth days of this month of May, as today the discussions of the specialized committees will take place, in the presence of members of the delegations of both sides, to reach the final joint report, at the headquarters of the Iranian Ministry of Economy and Finance.”

The statement indicated that “the specialized committees included the Commercial, Industrial, Agricultural, Standardization and Quality Control Committee, the Energy Committee, the Financial, Banking, Investment and Insurance Committee, the Shipping, Transport and Customs Committee, and the Scientific and Educational Consulate Committee, Tourism, Health and Sports”.  link