D. Majid Al-Shara
Speakers spoke of the recent advocates of the Iraqi banking through seminars and conferences to encourage banks or inter mixed so to speak, in our view that this approach is based on two grounds:
The fundamental basis: the global financial crisis which engulfed the world economy, especially the United States of America and how the U.S. government interfered directly in the rescue bank debt and the consequent DIEUE n of giant companies such as automobile companies, which means to give an indication of those speakers that it is better to help governments, particularly in Arab countries in the private sector banks in order to avoid crises in the bud.
Basically two: there is a precedent in the experience of Iraq under the previous regime, the establishment of the so-called at the time the socialist sector companies where the State contributes a portion of the capital and receive a percentage of profits and the involvement of staff in the government sector in the management of these companies.
If built on the concepts, we find that the formation of mixed companies is no justification to overcome the financial crisis and corporate governance, including the banks, which claim to that individual and economic freedom to leave the private sector to take its role in development, such as the establishment of banks and other companies as required by the current stage in the Iraq is in our view more accurately the way for a number of justifications, including the following:
1- There is no doubt that this investment is foreign capital, accounting for cash flows and thus reflected falling investment income resulting from gains on wages and salaries, taxes paid by foreign companies in addition to the percentage obtained by the State of the profits in foreign investment in the course of the year, but by private companies to interact with private companies from the other party.
2- The private sector will make an extraordinary effort if it is coupled to its interests, it is looking for a reputation and where the ground work by encouraging more to do his utmost to be at the game.
3- The private banks have a priority in the development of their business and gain the confidence of the public are therefore working hard to develop its services, including the introduction of modern technologies in the banking business and that serious attempts to find a private sector bank to provide banking services to serious and this requires the central bank to provide the necessary flexibility for the development of this sector, especially in the proportion of deposits required by the Central Bank to cover legal amounts deposited with the private banking sector.
On the other hand, we find that the public sector banks, which came from the situation inherited from previous regimes, we find that these banks suffer from the glut of liquidity in the cash available to it has permission to read one of the officials that the Central Bank is an obstacle to allow the Government intended to invest bank liquidity and know what the obstacle What are the trends that investment bank liquidity.
The Iraqi banks a golden opportunity in our current investment with cash, which amounts to trillions of dinars, where there are several investment projects required by the Iraqi market, including, but not limited to:
1- e-processing projects, small and medium cash flow in order to carry Bparwatha according to a specific mechanism which has made neighboring countries.
2- Credit the artisanal and industrial short-term soft loans, to examine each case and determine the duration.
3- to invest in apartments, there is a mechanism of action through which the commercial banks to conduct credit.
4- Investing in the health field through the establishment of private hospitals or hospitals with equipment and supplies required by the private hospital and that contribute effectively to the improvement of health status.
5- In the area of investment services can be by building a multi-car garages and private roles in the areas of religious or sacred areas within the government departments as well as to the construction market by Uma Istalh "Palmullac.
6- Credit asylum productive buying cars (taxi), and especially under the direction of the General Directorate of Traffic in the remaining inventory of cars and taxis in terms of model and dispensing with the old cars Kmaho the case in neighboring countries such as Jordan for example.
7- to contribute actively to the investments in the agricultural field, including the exploitation of ground water and irrigation methods, especially after the emergence of water crisis in Iraq, as well as the techniques of water desalination.
The meaning of this conference, organized by the Ministry of Planning and Development Cooperation will be held on Thursday 6-25-2008 under the auspices of His Excellency the Minister of Planning, while the studies and case histories Maha on the importance of investment in this area for a variety of topics in dealing with the crisis of water scarcity and water.
Do not forget that in this area is oriented towards the global banking business banks do not comply Balqtaip.
All these things are the areas to absorb liquidity on the one hand and operating cash, which is the main basis of the investment operations and result in economic terms to address the imbalance between production and consumption, which leads to the phenomenon of stagnation, and competition among investment banks have put an end to the phenomenon known as the problem of harvesting 0Realization Problem and the problem is in achieving wealth in excess of the required reduction in the goods with the siege imposed on the investors, an increase in wages, which reduces the purchasing power available in the market.
المصدر:جريدة الصباح Source: Al-Sabah
Speakers spoke of the recent advocates of the Iraqi banking through seminars and conferences to encourage banks or inter mixed so to speak, in our view that this approach is based on two grounds:
The fundamental basis: the global financial crisis which engulfed the world economy, especially the United States of America and how the U.S. government interfered directly in the rescue bank debt and the consequent DIEUE n of giant companies such as automobile companies, which means to give an indication of those speakers that it is better to help governments, particularly in Arab countries in the private sector banks in order to avoid crises in the bud.
Basically two: there is a precedent in the experience of Iraq under the previous regime, the establishment of the so-called at the time the socialist sector companies where the State contributes a portion of the capital and receive a percentage of profits and the involvement of staff in the government sector in the management of these companies.
If built on the concepts, we find that the formation of mixed companies is no justification to overcome the financial crisis and corporate governance, including the banks, which claim to that individual and economic freedom to leave the private sector to take its role in development, such as the establishment of banks and other companies as required by the current stage in the Iraq is in our view more accurately the way for a number of justifications, including the following:
1- There is no doubt that this investment is foreign capital, accounting for cash flows and thus reflected falling investment income resulting from gains on wages and salaries, taxes paid by foreign companies in addition to the percentage obtained by the State of the profits in foreign investment in the course of the year, but by private companies to interact with private companies from the other party.
2- The private sector will make an extraordinary effort if it is coupled to its interests, it is looking for a reputation and where the ground work by encouraging more to do his utmost to be at the game.
3- The private banks have a priority in the development of their business and gain the confidence of the public are therefore working hard to develop its services, including the introduction of modern technologies in the banking business and that serious attempts to find a private sector bank to provide banking services to serious and this requires the central bank to provide the necessary flexibility for the development of this sector, especially in the proportion of deposits required by the Central Bank to cover legal amounts deposited with the private banking sector.
On the other hand, we find that the public sector banks, which came from the situation inherited from previous regimes, we find that these banks suffer from the glut of liquidity in the cash available to it has permission to read one of the officials that the Central Bank is an obstacle to allow the Government intended to invest bank liquidity and know what the obstacle What are the trends that investment bank liquidity.
The Iraqi banks a golden opportunity in our current investment with cash, which amounts to trillions of dinars, where there are several investment projects required by the Iraqi market, including, but not limited to:
1- e-processing projects, small and medium cash flow in order to carry Bparwatha according to a specific mechanism which has made neighboring countries.
2- Credit the artisanal and industrial short-term soft loans, to examine each case and determine the duration.
3- to invest in apartments, there is a mechanism of action through which the commercial banks to conduct credit.
4- Investing in the health field through the establishment of private hospitals or hospitals with equipment and supplies required by the private hospital and that contribute effectively to the improvement of health status.
5- In the area of investment services can be by building a multi-car garages and private roles in the areas of religious or sacred areas within the government departments as well as to the construction market by Uma Istalh "Palmullac.
6- Credit asylum productive buying cars (taxi), and especially under the direction of the General Directorate of Traffic in the remaining inventory of cars and taxis in terms of model and dispensing with the old cars Kmaho the case in neighboring countries such as Jordan for example.
7- to contribute actively to the investments in the agricultural field, including the exploitation of ground water and irrigation methods, especially after the emergence of water crisis in Iraq, as well as the techniques of water desalination.
The meaning of this conference, organized by the Ministry of Planning and Development Cooperation will be held on Thursday 6-25-2008 under the auspices of His Excellency the Minister of Planning, while the studies and case histories Maha on the importance of investment in this area for a variety of topics in dealing with the crisis of water scarcity and water.
Do not forget that in this area is oriented towards the global banking business banks do not comply Balqtaip.
All these things are the areas to absorb liquidity on the one hand and operating cash, which is the main basis of the investment operations and result in economic terms to address the imbalance between production and consumption, which leads to the phenomenon of stagnation, and competition among investment banks have put an end to the phenomenon known as the problem of harvesting 0Realization Problem and the problem is in achieving wealth in excess of the required reduction in the goods with the siege imposed on the investors, an increase in wages, which reduces the purchasing power available in the market.
المصدر:جريدة الصباح Source: Al-Sabah