Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Chamber identifies Iraq opportunities  Join our daily free Newsletter

MENAFN - Khaleej Times - 30/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) The dubai chamber of commerce and industry urged iraqi banks and financial companies to expand their networks within the islamic economy through dubai which is working hard towards becoming the global capital of islamic economy during a roundtable discussion on islamic finance held in erbil kurdistan.

dubai chamber and iraqi officials during a meeting on islamic finance in erbil kurdistan. — supplied photo

the meeting which identified the main trends opportunities and challenges in the iraqi islamic finance sector also focused on dubai’s extensive experience in the area of islamic finance and how iraqi companies can benefit from the emirate’s lead role in promoting islamic economy.

the roundtable was attended by rashid mohammed al mansouri uae consul general in erbil; dr sadiq rashid al shammari managing director national islamic bank in kurdistan and an expert on islamic finance; amanj yarwaessi manager dubai chamber representative office in kurdistan representatives of leading banks consultancy companies and other stakeholders who discussed ways to raise awareness of islamic finance in the county. al mansouri highlighted the importance of the islamic economy and the scope of growth for the islamic finance sector in the kurdistan region of iraq which is offering a secure business environment.

he also stressed on dubai chamber’s role in strengthening business relations between kurdistan and the uae particularly dubai.

on his part dr al shammari informed that although islamic finance is more popular than conventional banking in iraq but there was still a need to raise awareness and training for personnel in the field.

al shammari also stressed the need for a legislation on islamic finance as well as a governing council connected to central bank as islamic finance was becoming more popular globally due to the fact that investments under the concept are secured against physical assets he said.

the roundtable discussion also focused on the strong network of microfinance that exists in iraq which operates solely through islamic finance as well as the non-presence of islamic insurers in iraq and an appropriate legislative framework to support the growth of islamic banking in the country.

— business?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Feb 21 2017 - ROP news and updates: Sleuths foil attempt to smuggle fake cigarettesMuscat Daily
(MENAFN - Muscat Daily) Muscat- Sleuths from the Wajajah Border post foiled an attempt to smuggle 1,000 boxes of fake cigarettes and 99kg of tobacco products. The accused had hidden the items inside ...

 Feb 21 2017 - NMC and ADU cooperate to provide media training for Emirati studentsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 21th February, 2017 (WAM) -- The National Media Council, NMC, and Abu Dhabi University, ADU, have signed a Memorandum of Understanding to enhance ...

 Feb 21 2017 - Giuseppe Saba named CEO of International Humanitarian CityEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 21st February, 2017 (WAM) -- Giuseppe Saba has been appointed Chief Executive Officer of International Humanitarian City, IHC, as approved by His ...

 Feb 21 2017 - OPEC daily basket price announced for Monday, 20th February, 2017Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 21st February, 2017 (WAM) -- The price of OPEC's basket of thirteen crudes stood at US$53.49 a barrel on Monday, compared with $53.11 the previous ...

 Feb 21 2017 - TCA Abu Dhabi launches five artistic and cultural initiatives inspired by the life and works of Ahmed Rashid ThaniEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 21st February, 2017 (WAM) -- The Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, honoured the life and works of the Emirati poet, writer ...

 Feb 21 2017 - South Sudan regions face famine - UNEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) GENEVA, 21st February, 2017 (WAM) -- Famine has been formally declared in parts of South Sudan, the United Nations said on Monday, warning that war and a ...

 Feb 21 2017 - In Cartoon: Trump and NetanyahuDaily News Egypt
(MENAFN - Daily News Egypt) if(window.adgroupid==undefined){window.adgroupid=Math.round(Math.random()*1000);}document.write('); ...

 Feb 21 2017 - Crown Prince of Umm Al Qaiwain receives Colombian ambassadorEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) UMM Al QAIWAIN, 21st February, 2017 (WAM) -- H.H. Sheikh Rashid bin Saud bin Rashid Al Mu'alla, Crown Prince of Umm Al Qaiwain, received Fayhan Al Fayez ...

 Feb 21 2017 - Strait of Hormuz 'extremely strategic water way' says Captain of HMS PenzanceEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) by Muhammad Aamir ABU DHABI, 21st February, 2017 (WAM) -- Lt. Commander Jim Lovell, Captain of HMS Penzance of the UK Royal Navy, has said that the Strait of ...

 Feb 21 2017 - State Minister for Defence receives CEOs of European, US defence companiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 21st February, 2017 (WAM) -- Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, received separately Herve Guillou, CEO of DCNS, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help