HASSAN ALI ABDEL: DEVELOPING THE FINANCIAL SECTOR IS THE KEY TO DEVELOPMENT
(But we as investors following this RV saga already knew this ,,,,didn’t we?)
Banking expert Hassan Ali Abdul stressed the importance of government trends aimed at promoting the reality of electronic payment and its role in attracting foreign investment flows, and adopting the use of advanced technological means of communications and information.
Abdul explained the importance of supporting the next phase aimed at developing the performance of economic sectors in a way that achieves diversity in the country’s financial revenues and working on preparing in-depth studies on the available and accessible capabilities in non-oil activities and trying to develop them to be able to create alternatives, in addition to the necessity of preparing a long-term strategy that takes into consideration various aspects.
He explained that the entire process requires an advanced banking system capable of supporting all economic operations, and our private banks are now aware of this and are working hard to develop all aspects of their work.
He pointed out that Iraq is an important economic front for many international companies in the coming period, and we must work in this direction and create a suitable environment to attract international efforts.
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