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  1. #1
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    Iraq in 2013 is a lot like Iraq in 2003, with many of the same mistakes being made

    Iraq recently passed a milestone when the United Nations reported over 1,000 people killed in May 2013. That was the highest number of casualties since 2008. People are beginning to fear going out, and businesses are shifting to safer areas and closing earlier. There are also ongoing protests in Sunni provinces such as Anbar, Salahaddin, and Ninewa against the government, which are increasing sectarian tensions in the country. Together this has raised fears that the country is heading back towards civil war. While the situation is obviously getting worse, a more apt analogy would be Iraq in 2003 when the United States was facing a growing insurgency, and had no strategy to confront it.

    continued

  2. #2
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    Good post!!! Reality!!!!!
    Get a free first class world education here. http://www.khanacademy.org/

    We are all born ignorant, but one must work hard to remain stupid. - by Franklin, Benjamin.

  3. #3
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    Besis Losers

    Quote Originally Posted by JWing View Post
    Iraq recently passed a milestone when the United Nations reported over 1,000 people killed in May 2013. That was the highest number of casualties since 2008. People are beginning to fear going out, and businesses are shifting to safer areas and closing earlier. There are also ongoing protests in Sunni provinces such as Anbar, Salahaddin, and Ninewa against the government, which are increasing sectarian tensions in the country. Together this has raised fears that the country is heading back towards civil war. While the situation is obviously getting worse, a more apt analogy would be Iraq in 2003 when the United States was facing a growing insurgency, and had no strategy to confront it.

    continued
    It's getting so bad Citibank is setting up office in Iraq. Hahahahahahahahahahahahahahahahahahahahahahahahaha h.
    Have the two of you ever lived anywhere besides the US for any length of time? If you did you would have an inkling of understanding how things operate in foreign countries. You measure progress in Iraq as if they should be compared to our economy or a European economy. I can tell you are not business people. You may talk the talk but you don't and never will be able to walk the walk. If it is so bad why are you still invested in the ISX? If you aren't then why are you posting on this site? Oh I know why, you are just making sure the rest of us are ok and won't get hurt hahahahahahaha. SE you wouldn't know reality if it hit you in the face. Through all the years, this has always been your constant MO, yet you are still invested in Iraq. What a bunch of hypocrites and narcissistic hypocrites at that. If you didn't have a negative post you wouldn't have anything to say at all. Reality as if you even have a clue, that is so laughable.
    Last edited by Major Payne; 06-24-2013 at 08:36 PM.

  4. #4
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    Quote Originally Posted by Major Payne View Post
    It's getting so bad Citibank is setting up office in Iraq. Hahahahahahahahahahahahahahahahahahahahahahahahaha h.
    Have the two of you ever lived anywhere besides the US for any length of time? If you did you would have an inkling of understanding how things operate in foreign countries. You measure progress in Iraq as if they should be compared to our economy or a European economy. I can tell you are not business people. You may talk the talk but you don't and never will be able to walk the walk. If it is so bad why are you still invested in the ISX? If you aren't then why are you posting on this site? Oh I know why, you are just making sure the rest of us are ok and won't get hurt hahahahahahaha. SE you wouldn't know reality if it hit you in the face. Through all the years, this has always been your constant MO, yet you are still invested in Iraq. What a bunch of hypocrites and narcissistic hypocrites at that. If you didn't have a negative post you wouldn't have anything to say at all. Reality as if you even have a clue, that is so laughable.
    Thanks for the information. I would appreciate it if you would provide the address and location of a Citibank in Iraq. Maybe the folks here can transfer their funds or accounts from Warka to Citibank.
    Get a free first class world education here. http://www.khanacademy.org/

    We are all born ignorant, but one must work hard to remain stupid. - by Franklin, Benjamin.

  5. #5
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    Quote Originally Posted by Major Payne View Post
    It's getting so bad Citibank is setting up office in Iraq. Hahahahahahahahahahahahahahahahahahahahahahahahaha h.
    Have the two of you ever lived anywhere besides the US for any length of time? If you did you would have an inkling of understanding how things operate in foreign countries. You measure progress in Iraq as if they should be compared to our economy or a European economy. I can tell you are not business people. You may talk the talk but you don't and never will be able to walk the walk. If it is so bad why are you still invested in the ISX? If you aren't then why are you posting on this site? Oh I know why, you are just making sure the rest of us are ok and won't get hurt hahahahahahaha. SE you wouldn't know reality if it hit you in the face. Through all the years, this has always been your constant MO, yet you are still invested in Iraq. What a bunch of hypocrites and narcissistic hypocrites at that. If you didn't have a negative post you wouldn't have anything to say at all. Reality as if you even have a clue, that is so laughable.
    Good post!!!Reality!!!!!

  6. #6
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    Citigroup gets approval from CBI; Will opens first Citibank branch Monday




    Monday, 24 June, 2013





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    6-24-13 Almada Press: Citigroup, Bank announced Citigroup Alamerreqi the banking services, on Monday, to open an office in Baghdad to become the first U.S. bank to expand its services to include Iraq, betting in this his move on the long-term economic opportunities in the oil-rich country.
    The bank Citigroup said in a statement quoted by the British newspaper Financial Times and seen, (Presse term), he said that “the bank will open on Monday, his first formal office in the capital Baghdad after receiving the initial approvals from the Central Bank of Iraq.”
    The newspaper quoted the Executive Director of Citigroup bank in Europe, the Middle East and Africa, James Collis as saying, “Iraq is an important market with an economy enjoys a great future capabilities over time.”
    He said the bank in accordance with the statement that “Dennis Flannery former financial attaché of the U.S. Embassy in Baghdad, who ran the Office of the City Bank for the interests of Iraq in Amman since its inception two years ago, will be chaired by the Office of Baghdad.”
    The bank continued that “there are plans to open two additional offices in Erbil and Basra to provide services to customers within the bank banking activities,” pointing out that “This step constitutes the first commercial activity to the U.S. bank Citigroup in a new country six years ago,”
    He said the bank in a statement, “Over the past decade used the bank to fund investors and major companies operating in Iraq by giving them funding commercial banking services and cash and investment management through its branches regional in Dubai and the Office of Iraq in Amman and the ways of its branch in London.”
    The bank said that “this step comes for the establishment of a physical presence in the Iraqi market in conjunction with the aspiration of major oil companies, industry and construction to invest in Iraq.”
    According to analysts, economists guesses in a U.S. bank Citigroup, “the expansion of the growth of the oil sector in the country would turn Iraq into one of the largest oil exporter in the world over the next decade and economic power is estimated at $ 2 trillion by the year 2050.”
    And operates banks Citigroup in the Middle East for almost 50 years and offers banking services in 11 countries, including the United Arab Emirates, Egypt, Kuwait, and also offers business services banker to consumers in the United Arab Emirates, Egypt, Bahrain and Pakistan, which is one of the banks of the four that will help the government of Dubai in the collection $ 800 million to finance powered by the collection of tolls on the roads in the future.
    Last edited by Major Payne; 06-25-2013 at 06:33 AM.

  7. #7
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    Interesting who is heading up Citigroup's Baghdad Operations?

    Flannery was the financial attache at the U.S. embassy in Baghdad for a year before joining New York-based Citigroup in March 2011. He has worked at the Inter-American Development Bank, the U.S. Treasury and the World Bank.

  8. #8
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    Maliki vows to reform the Iraqi economy

    Posted: June 24, 2013 in Iraqi Dinar/Politics
    Tags: Baghdad, bank, City Bank, Economy of Iraq, Iraq, Maliki, Nouri al-Maliki, Politics of Iraq

    Maliki meets with Citigroup President
    MONDAY, JUNE 24, 2013 14:15
    Prime Minister Nuri al-Maliki, on Monday, a comprehensive reform of the economy, increased oil and gas production in the country.
    Maliki said in a statement issued by his office obtained “Twilight News” a copy of it during his meeting with the President of the company (City Bank) Dance Avelanery, who announced the opening of an (Citigroup) office in Baghdad that “Iraq plans to double its production of oil, gas and do a comprehensive reform of the economy so as to enhance its resources and makes them more diverse. “
    He pointed out that “the increase in resources will be reflected on other segments of the economy in agriculture, industry, tourism, and other services.”
    The Prime Minister called for a “more active participation and effectiveness of the Bank (City Bank) in the Iraqi market.”
    For his part, the President of company Dance Avelanery “We are determined to to be partners in the development of Iraq and سنساعده in the advancement of its economy,” noting that “there are many international companies willing to invest in Iraq, and we will be supportive of her”
    And drew Dance Avelanery to “The opening of the company’s branch in Baghdad would be a prelude to open a branch shall be managed by the banking activities in Iraq.”
    It is said that in Iraq banks government two main Rafidain and Rasheed, dominate the banking sector, while not led the emergence of new banks in the wake of change of the former regime and opening the doors to the private sector, to any shift concrete in the Iraqi economy, or with respect to transactions with customers and citizens, and attributes specialists to the absence of any effective reform policy in the field of banking.
    The Iraqi government has announced in the middle of the last month of May for approval to the draft exemption Iraqi and foreign companies implementing investment projects from taxes and fees to encourage the movement of investment in the country.
    The Iraqi environment is attractive to investors and capital owners wary of entering the market, despite the availability of opportunities Iraqi result of tensions security and poor services as well as the bureaucracy.
    Iraq has dilapidated infrastructure in most sectors as a result of running the country several wars over the past three decades, as well as the imposition of the economic blockade for more than 10 years.
    Iraq desperately needs to contribute to investment projects with the government’s efforts in providing basic services to citizens and which are still scarce, despite the huge financial budgets and derived from the sale of crude oil imports.

  9. #9
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    Citi’s WorldLink® Payment Services Stays Ahead of the Curve for Exotic Currency Payment Capabilities


    IRAQI DINAR

    WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

    While the U.S. dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

    WorldLink® Payment Services Delivery Platforms
    For over 25 years, the WorldLink solution has been successfully enabling our clients to issue payments in more than 135 currencies, right from their offices via a single window — without having to maintain local currency accounts. WorldLink® Payment Services is a complete global transaction solution that makes cross-border payments simple and secure.
    Last edited by Major Payne; 06-25-2013 at 01:36 PM.

  10. #10
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    Quote Originally Posted by Major Payne View Post
    Citi’s WorldLink® Payment Services Stays Ahead of the Curve for Exotic Currency Payment Capabilities


    IRAQI DINAR

    WorldLink® Payment Services has been making IQD payments on behalf of selected clients since 2006 adding to the exotic currencies suite. With the success established over five years, WorldLink has differentiated itself by having local expertise and strong banking relationships in Iraq. WorldLink is now offering IQD payments as a fully developed and proven offering to all relevant WorldLink clients.

    While the U.S. dollar remains a widely accepted currency in Iraq, Citi’s cross-border payments specialists anticipate that IQD payments will gain an increasing foothold in support of foreign direct investments.

    WorldLink® Payment Services Delivery Platforms
    For over 25 years, the WorldLink solution has been successfully enabling our clients to issue payments in more than 135 currencies, right from their offices via a single window — without having to maintain local currency accounts. WorldLink® Payment Services is a complete global transaction solution that makes cross-border payments simple and secure.
    got the link ?

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