[tlm724] Bank looking place with Western Union Financial Services its work in Iraq 02-10-2013 10:16 AM Baghdad (news) ..
summoned the Central Bank Company (Western Union Financial Services, Inc.) to discuss the business carried out by the company in Iraq.
statement said the central bank received the Agency (news) a copy of it: The Governor of the Central Bank and Agency Abdul Basit Turki held a meeting with the company (Western Union Financial Services, Inc.) to discuss the company's future work in Iraq LINK
[tlm724] Lets look at Western Union:
As Western Union focused on dominating the business it had first developed, the company increasingly bolstered its global presence. In 1992, the company began the first consumer instant money-transfer service between the United States and Russia.
In 1993, while still in the throes of its financial crisis, the company launched its Dinero en Minutos (Money in Minutes) service in Mexico,
a new currency transfer service that enabled travelers in Mexico to pick up cash in pesos at any of the nearly 300 locations operated by Elektra, a leading furniture and electronics retail company based in Mexico.
At roughly the same time, the company introduced electronic funds transfer in Africa, entering Ghana in 1993 and expanding into South Africa, Ethiopia, Zambia, Senegal, Kenya, Nigeria, Uganda, and Eritrea during the subsequent two years.
International expansion fueled much of the company's growth during the mid-1990s, particularly its advances in Mexico, which accounted for a fifth of its international financial growth in 1995.
Consequently, the company strengthened its ties with Elektra at the beginning of 1996, signing a 10-year agreement with the retailer.
Later in the year, Western Union opened its North American headquarters in Englewood, Colorado, and opened new regional sales offices in Paris, Vienna, and Hong Kong.
[tlm724] a new currency transfer service that enabled travelers in Mexico to pick up cash in pesos at any of the nearly 300 locations operated by Elektra
Western Union's aggressive expansion during the 1990s could be charted by the growth of its agent network. The company had less than 20,000 agent locations during the early 1990s.
By 1998, Western Union's money-transfer service had expanded to 50,000 agent locations worldwide, representing the world's largest money-transfer network.
By the end of the decade, there were more than 80,000 Western Union agent locations scattered throughout more than 140 countries.
[tlm724] 50,000 agent locations worldwide, representing the world's largest money-transfer network
As Western Union entered the 21st century, it promised to figure as a dominant player in the money-transfer business. The company launched westernunion.com in 2000, inaugurating the extension of money transfer to the Internet.
The following year, the company celebrated its 150th anniversary by eclipsing 100,000agent locations, a more than fivefold increase in less than a decade.
In 2002, as part of its consistent efforts to expand payment options on the Internet, Western Union launched its Consumer Web Payment Service, enabling customers' funds to be debited electronically from their checking accounts and funneled toward designated payments.
In the years ahead, the company intended to maintain its market leadership by continuing to offer its clients a comprehensive array of bill payment capabilities, both online and offline. LINK
[tlm724] launched its Consumer Web Payment Service, enabling customers' funds to be debited electronically from their checking accounts and funneled toward designated payment
[tlm724] Ok so what I found was this. That Western Union is a Wholly Owned Subsidiary of First Data Corporation, so lets look at them now:
Vision To shape the future of global commerce by delivering one of the world's most secure and innovative payment solutions.
Mission Around the world, every second of every day, we make payment transactions secure, fast and easy for financial institutions, merchants and their customers.
We leverage our vast product portfolio and expertise to deliver solutions that drive our customers' revenue and profitability. LINK
[tlm724] so the CBI wants western union bad ! The Governor of the Central Bank and Agency Abdul Basit Turki held a meeting with the company (Western Union Financial Services, Inc.) to discuss the company's future work in Iraq
[tlm724] I think the important thing with this is Iraq is launching themselves globally !! just sayin ... and making it easy for profits or money to flow easily to other countries which also means the private sector................. yea!!!!!!!!
During four years .. expectations beyond the non-oil revenues of 9 trillion dinars 2013-10-02
The report called for a lifting obtaining the taxes and duties of individuals and companies, by activating the law of customs tariff and scheduling the implementation of this law
in addition to developing a road map for the implementation of the program educates citizens about the benefits that will come from the implementation of the law of customs tariff and the economic benefits inherent of Ratniv This law of Iraq.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Wages for services 0.14
Transferred from public bodies and companies of the state-owned 2.36
Interest Income 0.04
Staff income tax 0.27
Corporate income tax of foreign oil 0.25
Corporate income tax 0.31 Income tax of individuals 0.15
Tax contained Alkmarki to 0.89 93.11 oil revenues. / End
[tlm724] they are trying to educate the people that this won't hurt them, educate them to the benefits !
[tlm724] they are showing us that they are getting ready to implement
Income tax of individuals 0.15 Tax
[tlm724] and what the tax will be
Rubaie: the insurance sector establishes a financially secure market
10/02/2013 12:00 AM
[tlm724] The insurance is a financial institution which is one of the cornerstones of the economic development process
Congress: Maliki's visit to America strengthen Iraq's site in the region
10/02/2013 12:00 AM
Stressed the importance of benefiting from the strategic agreement with the United States
[tlm724] strengthen strategic framework agreement, which carries with it the work of security and economic and scientific and technological exchanges between the two countries.
The general budget for the year 2014 holds the attention of experts
10/02/2013 12:00 AM
[tlm724] the importance that is linked to the budget process of economic development to achieve the goals of the local economy and whose access to the stage of the diversity of revenue through the activation of All production and service sectors
[tlm724] that's right and to activate these sectors you need to follow the plan and pass the laws and implement them !
Rating Banking Conference 10/02/2013 12:00 AM
Yasser incumbent government approved that the banking sector is the mainstay wheel and advanced in the footsteps of development and economic progress as a tributary essential to finance projects and investments.
[tlm724] in front of the banking sector the opportunity to expand a huge and important about what is witnessed in Iraq
[tlm724] While calling on the government to make specific proposals to make some amendments to the legislative
[tlm724] regulatory and promised to work with them and adopted in order to achieve the work of banks smoothly and effectively
[tlm724] promised !!!!
[tlm724] we are holding you to that Iraq !
Industrial expert: the need to speed up firing loans industrialists in the private sector 02-10-2013 10:18 AM
[tlm724] These loans in turn will support the sector in general, and support investment and small and medium enterprises Kalsnaat construction, food, etc, calling for the release of loans before the end of this year.
[tlm724] thats how you have a free market