Capital Bank of Jordan calls to seize the opportunity of investment in Iraq
BAGHDAD / JD : called Capital Bank in Jordan to seize the opportunity the export and investment in Iraq.
The newspaper (Dustour) report that: The American Chamber of Commerce in Jordan hosted Chairman Capital Bank Basem Khalil Al Salem in an open meeting attended by a group of Jordanian businessmen interested market Iraqi addition to Iraqi businessmen, and some members of the U.S. Embassy, where they were discussed during the meeting to the ways of seizing the export and investment opportunities in promising Iraqi market.
The Capital Bank's fourth-largest bank in Jordan in terms of the bank's capital Jordanian only present in Iraq through bank Ahli Iraqi, which enabled him to make it the experience and knowledge in the Iraqi market and building a strong network of relationships with various sectors, where is always trying to share his experiences in the Iraqi market with its customers and partners to provide all means of support for them to expand their business activities and development in the Iraqi market.
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Capital Bank provides information to investors about the Iraqi market
Arabs Today : Launched Capital Bank a new service for Jordanian businessmen and Iraqis living in Jordan focused on providing the necessary information to investors through the Department specializes in the Iraqi market would be responsible for business and investors and provide them with investment opportunities in Iraq for the development of their business regionally.
Turning chairman Capital Bank Basem Khalil Al Salem during hosted by American Chamber of Commerce in an open meeting attended by a group of Jordanian businessmen interested in the Iraqi market in addition to Iraqi businessmen, and some members of the U.S. embassy to ways to seize export opportunities and investment in the Iraqi market.
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Deletion of zeros between the difficulty of actions and aspirations of specialists
Thursday, 06/09/2012 06:50 am
Baghdad / Hossam al-Saadi : lot of talk about restructuring the national currency after deletion of zeros three of them and fill the ideas of economists and financiers, government officials and concerned at the central bank, but has not yet everyone agrees time limit for its implementation, some felt that the moment is not ideal for the application of Thus, a project to increase the export of oil, as well as a financial cover of the Iraqi currency exists as cash reserves with the central bank, are all indicators make it essential to implementation of the project to delete the zeros in the next year.
Important that the security and political situation remains unstable in the country, and the other goes to the implementation at the beginning of next year to reduce the money supply in the domestic market and to facilitate the operations of statistics and mathematics, among others.
The experts agreed and a number of deputies in an Tbarham (range) that the draft deleted three zeros from the currency much, and is the restructuring of the national currency, but they disagreed on determining the appropriate time to implement it.
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Capital Bank profits rise in Jordan after entering the Iraqi market
The general director of Capital Bank's fourth-largest Jordanian bank in terms of capital Thursday that net profit jumped 600 percent in the first quarter of this year, with higher funding for the operations of trade between Jordan and neighboring countries. told Haitham Kamhiyah Reuters that the growth of the Bank's operations in Iraq alongside the activities of trade finance and credit and bank guarantees contributed to the profit growth to seven million dinars (9.8 million) in the first quarter compared with a million dinars in the same period last year. said Kamhiyah Bank focuses on commercial financing for plants exported and imported from Iraq and Saudi Arabia at an interest rate seductive on loans to increase competitiveness among traders exporters The bank has signed an agreement with the Saudi Fund for Development at the beginning of last March for a line of credit with ten million dollars to finance the business operations between the two countries. said Kamhiyah The bank capitalized at 150 million dinars are expected to achieve better performance this year in light of his plans for the expansion of lending operations locally and investments along with the expansion in the Iraqi market by revenue last year after its acquisition of the share 72 percent of the capital of National Bank of Iraq. He added; operating profit of the bank's branches in Jordan and Iraq continues to improve as well as activity of treasury operations and increased funding individuals and small and medium enterprises.