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  • BatmaninIraq's Avatar
    Today, 10:14 AM
    International Smart Card Company contributes to financial inclusion Over the past four years, the Central Bank of Iraq has been able to achieve a technical revolution in the field of payment systems and modern banking technologies and electronic payment, which led to the transfer of banking products to advanced services to serve customers and compete the offer of Arab and foreign banks of the services of its customers. What is important here is that e-payment companies, owned by private shareholders, have supported the direction and implementation of the Central Bank's strategy for the years (2016-2020) in the development of payment systems and electronic payment techniques, reflecting the high financial coverage ratio according to the latest World Bank report from 11% to 22%. %. Which is to be confirmed here is the role played by the International Company for smart card (K), which is the first company that introduced electronic payment technologies to Iraq in 2007 in partnership with Rafidain Bank and Rashid using the card (smart card) to pay the salaries of retired civilian and military beneficiaries of welfare salaries Which is the first national mixed company run by the Iraqi private sector and the state banking sector. This product has been able over the past years to provide rapid service and without risk to the ways to 7 million subscribers by thousands of ports and that the most prominent features of the product can be filled card in all branches of the Rafidain Bank and by the ports spread along the geographical area of ​​Iraq and can be reissued in case of loss Theft or fraud without any risk to the customer or money in the card due to biometric technology. The company has also issued a MasterCard card, a global bank card which provides the opportunity to deposit money or spend it electronically or by ATM. Duck bank account, making the company cross the borders of Iraq through its partnerships with global payment systems, making a national product in order to compete on a global level to take pride in what is "Made in Iraq" So we have said that KI is the leader in the national private sector in providing electronic payment services.
    25 replies | 11132 view(s)
  • Investors Iraq News's Avatar
    Today, 12:05 AM
    The United Nations Development Programme (UNDP) and the courier company DHL , in partnership with the Joint Crisis Coordination Centre (JCCC) in Kurdistan Regional Government (KRG) conducted a workshop on Getting Airports Ready for Disasters (GARD) for the period 14th to 18th Apr. The workshop aimed to prepare airports personnel to handle the logistical situations in post-disasters. The five-day workshop provided training to 30 staff from Erbil and Sulaymaniyah International airports and employees from relevant government agencies. The attendees jointly identified the areas that could potentially serve as key locations for disaster logistics operations in the two airports, the workshop also evaluated the airports’ capacities for processing high volumes of passengers, cargos and warehousing relief supplies. The Director General of KRG Joint Crisis Coordination Centre, Ministry of Interior, Mr. Hoshang Mohamed said: “We are very pleased with this partnership and we welcome this first-of-its kind initiative of “GARD” as it will further enhance our crisis management capacities to respond to disaster-affected people on time, through expediting and fast-tracking the importation and movement of relief items, and humanitarian assistance as well as the entry and exit of the humanitarian personnel. We extend our thanks to UNDP Iraq and DHL for conducting this programme”. Vice President, Humanitarian Services of Deutsche Post DHL Group, Mr. Chris Weeks said: “We at DHL see it over and over again – airports quickly get overwhelmed by the chaos of incoming relief aid, UN and NGO personnel, military organizations and the crowds of people trying to leave. Sometimes, humanitarian aids arrives faster than airport can arrange for it to get out, causing a massive bottleneck in the flow of relief logistics. Timing is critical during disasters and the more efficient an airport is at processing incoming aircraft, the faster aids can get out to those in need. We are really proud to conduct our first GARD workshop in Iraq”. Officer in Charge of UNDP Iraq Mr. Vakhtang Svanidze stated that: “The threat of natural disasters remain high. Recently *due to torrential rains, the country continues to witness large scale floods which have claimed lives, displaced people and destroyed properties. The Dam of Mosul poses significant risks to the lives and livelihoods of the vulnerable communities along Tigris flood plain”. Since 2009 nearly 50 GARD workshops have been held in 24 countries for nearly 1,160 trainees. In the Middle East, workshops were previously held in Tehran (2017), Almaty (2017), Aqaba (2016), Amman (2014), Yerevan (2013) and Beirut (2012). Through the joint work of UNDP and DHL, the GARD workshop is being conducted now in Iraq for the first time. (Source: UNDP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    By John Lee. Approximately $64 million has reportedly been embezzled in Mosul by officials said to be close to the recently-sacked governor, Nawfel Akoub, who is currently on the run following a warrant for his arrest in relation to the Mosul ferry disaster. AFP quotes Iraq’s Integrity Commission as saying that officials “close to Akoub” had stolen the funds, but did not accuse him personally. Some $40 million of the money had been set aside to rebuild Mosul (pictured) following the drawn-out battle to oust the Daesh terrorist group. (Source: AFP) Source: Iraq-BusinessNews.com. Post your commentary below.
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  • Investors Iraq News's Avatar
    Today, 12:05 AM
    From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq to expand Karbala shrine for growing number of pilgrimsThe Iraqi city of Karbala is planning a major expansion of a key religious site to cope with a growing number of pilgrims. More than 30 million people visit the shrines of Imam Hussein and Abbas each year. Al Jazeera‘s Dorsa Jabbari reports from Karbala: Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 12:05 AM
    “It’s a money-making machine,” says garage owner Karhi Bakr, 59, about the import of secondhand car parts into the Kurdistan capital of Erbil. Containers full of parts from cars written off after accidents in the West continue to pour into the city, which has become a*major hub for the trade. Some of the 200 or so Kurdish traders involved have become very rich, Bakr says. “Their profits are enormous. If I had a partner willing to invest, I would also go to Europe to collect used parts.” Click here to read the full report. (Source: Deutsche Welle) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
  • Investors Iraq News's Avatar
    Today, 12:05 AM
    The total amount of the Iranian exports to neighboring Iraq during the last Persian calendar year (March 2018- March 2019) hit a record high, the data released by Iran’s Customs Office showed. During the last Iranian year, the Islamic Republic exported $9 billion worth of products to Iraq, indicating a 36 percent increase comparted to a year earlier, setting a new record in the bilateral trade between the two countries, the Customs Office report said. The data also showed that the total value of Iran’s non-oil exports over the 12-month period amounted to $44 billion, with petrochemicals accounting for $14 bln of the exports. The top export destination of Iran was China, according to the report. Iran and Iraq have stepped up efforts in recent years to develop their ties in different areas, including economy and trade. Speaking at a joint press conference with Iraqi President Barham Salih in Tehran back in November, Iranian President Hassan Rouhani said the value of trade and economic interaction between Tehran and Baghdad stands at around $12 billion, adding that the two neighbors have the potential for a $20-billion trade target. In February, the governors of the central banks of Iran and Iraq signed an agreement to develop a payment mechanism aimed at facilitating banking ties between the two neighboring countries. (Source: Tasnim, under Creative Commons licence) Source: Iraq-BusinessNews.com. Post your commentary below.
    0 replies | 0 view(s)
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