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View Full Version : Al Aayan contributes in establishing the first Islamic bank in Iraq

arh777
06-23-2005, 11:08 AM
Mohammed Abd Al Rahim, vice director general in Aayan company for rent and investment said that the company view in Iraqi market big opportunities for promising investments, as it is a huge market in the middle east, and it has been closed for long periods, and with former regime demise and economical opening that Iraq is going to, come these big opportunities.

He declared that Aayan’s percentage is 35% while the total percentage of the Kuwaiti side is 49% of the capital that comes down to 50 milliards Iraq Dinars, which is equivalent to 35 millions USD, Al Aayan alone has also got the administration right for five years according to an agreement that has been signed with the founders.


http://www.almendhar.com/almendharen/details.aspx?nID=4061
Joe D_inar
06-23-2005, 11:22 AM
Misprint?? How is it that 50 mil dinars = 35mill usd??? :confused:
Part-timer
06-23-2005, 11:50 AM
Misprint?? How is it that 50 mil dinars = 35mill usd??? :confused:
Maybe they are quoting soon to be figures??? say LIKE $.70 USD to 1 NID...
sprtbuf
06-23-2005, 11:53 AM
Holy Crap!!!!! ;)
dougmyers
06-23-2005, 12:01 PM
OK .70 to one....Just cash me out now!! :lmao:
NewYorkSackExchange
06-23-2005, 03:51 PM
He declared that Aayan’s percentage is 35% while the total percentage of the Kuwaiti side is 49% of the capital that comes down to 50 milliards Iraq Dinars, which is equivalent to 35 millions USD,

http://www.almendhar.com/almendharen/details.aspx?nID=4061


I think a millard is not the the same as a million, I think we just learned a new word.
Tinydancer
06-23-2005, 03:57 PM
....I have a female and male millard that swim in my pool. I think they are having eggs.
dougmyers
06-23-2005, 04:04 PM
....I have a female and male millard that swim in my pool. I think they are having eggs.

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Main Entry: mil·liard
Pronunciation: 'mil-"yärd, 'mi-lE-"ärd
Function: noun
Etymology: French, from Middle French miliart, from mili- (from milion million)
Date: 1793
British : a thousand millions
Tinydancer
06-23-2005, 04:05 PM
great news for me then...


my little millards are worth a billion...anyone want their eggs?
NewYorkSackExchange
06-23-2005, 04:07 PM
Mohammed Abd Al Rahim, vice director general in Aayan company for rent and investment said that the company view in Iraqi market big opportunities for promising investments, as it is a huge market in the middle east, and it has been closed for long periods, and with former regime demise and economical opening that Iraq is going to, come these big opportunities.

He declared that Aayan’s percentage is 35% while the total percentage of the Kuwaiti side is 49% of the capital that comes down to 50 milliards Iraq Dinars, which is equivalent to 35 millions USD, Al Aayan alone has also got the administration right for five years according to an agreement that has been signed with the founders.


http://www.almendhar.com/almendharen/details.aspx?nID=4061


Here's another thought, if this guy is etablishing a bank, wouldn't you think he'd perhaps have some insight as to the future value of the dinar. If he thought it would increase significantly, why invest 50 milliards now, why not wait for a few weeks, months, etc. and invest only 5 milliards or whatever value 35 million USD would be. Just a thought.
dougmyers
06-23-2005, 04:10 PM
((50 milliards Iraq Dinars, which is equivalent to 35 millions USD))

So it sounds like its saying:

50 Billion Dinar is equal to 35 Million Dollars
Joe D_inar
06-23-2005, 04:12 PM
You raise a good point??? ;) :D So does that mean the dinar will peg to the Pound??? :huge:
Tinydancer
06-23-2005, 04:22 PM
Here's another thought, if this guy is etablishing a bank, wouldn't you think he'd perhaps have some insight as to the future value of the dinar. If he thought it would increase significantly, why invest 50 milliards now, why not wait for a few weeks, months, etc. and invest only 5 milliards or whatever value 35 million USD would be. Just a thought.


maybe for the same reason people are buying CD's with a low exchange rate for the dinar, now....or wanting to get in low on the stock market..

maybe the milliard is going to shoot way up in value within the next months, or so.....so invest now.



ps..I know my duckies are mallards...fooled you.
dougmyers
06-23-2005, 04:28 PM
ps..I know my duckies are mallards...fooled you.
================================================== ==

Dont eat the eggs!! I tried that twice and got very very sick both times!

Went to hospital, they gave me some meds the first time for stomack flu, the second time they told me stop eating the duck eggs STUPID!

My feeling were a little hurt, but I was stupid, I just didnt think the duck eggs had caused it!

Guess thats why Im not a doctor?
eosirl2
06-23-2005, 04:37 PM
Misprint?? How is it that 50 mil dinars = 35mill usd??? :confused:

I am sure they mean 50 Billion Dinars = 35 Million USD

(50,000,000,000) / 1460 exchange = 34,000,000 approx USD
buck74
06-23-2005, 05:18 PM
Would this not be a good time to invest 35 million USD into this bank, having 50 billion dinars would be worth a lot more USD after it pegs. Hell - if the dinar ever gets 1 : 1 the guy would have 50 billion USD.
Tinydancer
06-23-2005, 06:42 PM
......he would have enough to buy my milliard eggs.