AsiaHawala for Non-Banking Financial Services is your solution to a diversified Payment Service Provider, focused on contributing positively towards the economy through innovative and financial products that are designed to inspire every walk of life. We have come a long way to make the first money transaction service in Iraq. Since the establishment of the company in 2014 and the launching on 29 December 2015, we are there to help the rest. The Central Bank of Iraq (CBI) licenses AsiaHawala after complying fully with requirements of CBI pursuant to Iraq Electronic Payment Service No (3) of 2014, Anti-Money Laundering (AML) and Counter Terrorist Finance (CTF) no 39 of 2015.
AsiaHawala products and services range from:
- Money Transfers
- Bill Payments;
- Salary Disbursements;
- Merchant Payments;
- Online Shopping;
- Flight Reservations
- And much more.
We’ve operated for over 150 years in some of the world’s fastest growing markets across Asia, Africa and the Middle East.
We are a leading international banking group, with around 86,000 employees and a 150-year history in some of the world’s most dynamic markets. We bank the people and companies driving investment, trade and the creation of wealth across Asia, Africa and the Middle East, where we earn around 90 per cent of our income and profits. Our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
In 2013, Standard Chartered inaugurated its headquarters in Iraq, and its first branch in Baghdad. This move makes it the first international bank to have on-the ground presence in the country. In 2014, Standard Chartered inaugurated its second branch in Erbil, Kurdistan region.
The Bank aims to play a key role in the development of Iraq’s financial sector and be an active participant in the economic growth of the country. Standard Chartered’s main aim is to meet the increasing banking needs of its international clients who are increasingly active in Iraq, notably in the power, oil, telecoms and infrastructure sectors and aims to support large government projects.
The Bank remains committed to meet the increasing banking needs of our clients who are progressively more active in Iraq, notably in the power, oil, telecoms, infrastructure sectors and large government projects . Thus participating in Iraq’s growth”.
The Bank offers Transaction Banking, Project and Export Finance, Structured Trade Finance, Financial Markets services, Capital Markets and Corporate Finance solutions in the country to its existing multinational clients operating in the country.
For more information please visit www.sc.com.
ISC is the leading electronic financial services company in Iraq. It offers management of financial accounts that are created and maintained as electronic virtual accounts on ISC’s financial account management system, while the actual funds are deposited and maintained with any one of the banks affiliated with ISC. Today, ISC issues Qi cards and acquires transactions, on behalf of fourteen banks in Iraq, including Rafidain and Rasheed, the two largest government banks. To date, ISC issued around (6 million) Qi Cards and has a network of (6,000) Point of Service terminals, equipped with biometric readers, operated by around (4,000) cash-out agents spread throughout Iraq. ISC also operates around (200) Enrollment Centers with ( 600) stations that are mostly set up inside Rafidain Bank and Rasheed bank branches throughout Iraq. Where these two banks have no presence, ISC set up privately operated Enrollment Centers, as in the case of the territories administered by the Kurdish Regional Government.
ISC serves the banking sector in Iraq by offering banks the means to offer their customers modern electronic financial transaction services through ISC virtual accounts. ISC offers government departments and private enterprises with the means to distribute salaries and distribution of funds such as grants to their recipients using state of the art e Payment solutions. ISC also enables its customers to pay their bills with government agencies and private enterprises. ISC also serves directly the Iraqi consumer market by providing consumers with the ability to create modern financial accounts and enjoy the full benefits of electronic payments as experienced in modern countries.
ISC offers issuing services of biometric-based identity cards and offer institutions of government and private sector, the ability to verify these identity cards. Furthermore, ISC maintains an extensive identity repository, including biometric identity information that allows government agencies to conduct forensic investigations and help eliminate fraud.
ISC issues and acquires its own Qi cards using its local loop QiCard Scheme. It is also a Principal Member with MasterCard International and Union Pay International for issuing and acquiring, and expects to become a Principal Member with Visa for issuing and acquiring in the near future
Shell, through its position as operator of the Majnoon oilfield; its participation in the Basrah Gas Company Joint Venture; signing of the Nebras Heads of Agreement (a world scale ethane cracker in Southern Iraq); and its trading and lubricants businesses, has become one of the largest investors in the Iraqi Energy industry.
The Basrah Gas Company Joint Venture is a cornerstone of Iraq’s integrated energy strategy providing 70% of the province’s electricity and 60% of Iraq’s total LPG demand. As the midstream asset in Shell’s Iraq portfolio it captures, treats and monetises associated natural gas that is flared from the three giant oil fields of southern Iraq. The direct impact of sustained rehabilitation initiatives has enabled the joint venture to reach a new daily production record of more than 780 mmscfd and produce a record 4,400 tonnes of LPG per day this year.
Shell and our partners have developed Majnoon, one of the world’s largest oil fields, into a top quartile producing asset that currently produces 220,000 barrels of oil per day, which is of significant financial benefit to the Government of Iraq.
Community development programmes have been at the core of Shell’s commitment to Iraq. We work with key partners to deliver programmes and projects that make a difference in the areas of health, education and road safety training.
International Development Bank for Investment and Finance was established in 2011; licensed by the Central Bank of Iraq and is subject to its supervision and control in accordance with the provisions of the laws and Iraqi banks, with a paid-up capital of 259 billion Iraqi dinars, (equivalent to 210 million US dollars). Today the bank is one of the leading banks locally and regionally, in offering commercial banking services for retail and corporate sector. With a network of 13 branches and more than 400 employees, covering all major provinces in Iraq, including the Kurdistan region and the Middle Euphrates and Southern Iraq, along with a representative office in Beirut, IDB uses advanced banking systems, including the award winning banking program IMAL by Path Solutions. Being at the forefront of leading banking technology in Iraq, with more than 120 ATMs and over 300 POS at the end of 2016, and is the only bank granted the right to issue and acquire Master Card in Iraq. IDB achieved an increase in public deposits reaching 312 billion Iraqi dinars at the end of 2016 (216 million dollars).
The Emerging Markets Payment Group was established to deliver world-class electronic payments services to banks, retailer, governments and consumer finance institutions across the Middle East & Africa.
Globally, a significant shift is taking place as societies move away from Cash-based economies to greater use of electronic payments, a trend that is emphasized in the emerging markets of Africa & the Middle East. This trend offers significant opportunities for all stakeholders, from banks, retailers and card associations through to the end consumer.
The EMP Group is committed to remaining at the forefront of this revolution by creating a payments platform that drives card penetration and other payment types in these emerging markets.
The Group is majority owned by leading emerging markets private equity house, ACTIS. The EMP Group Concluded its first acquisition (MSCC, based in Egypt) in July 2010 and its second acquisition (VISA Jordan Card Services, Based in Jordan) in August 2011. Its third acquisition (ACET Processing, based in South Africa) was concluded in February 2012. EMP Group now serves more than 130 Banks and 30,000 retailer and other merchants across 45 countries in Africa and Middle Ease and offers the full range of card schemes, including Visa, MasterCard, American Express, Diners Club, and China UnionPay and can address all payments channels, including card, mobile and internet.
The EMP Group is a trusted partner that operates to the highest standards of integrity and corporate conduct. All investment decisions and operating and activities are underpinned by clear and explicit principles. The leadership team has established a strong culture of ethical business practice and the Group commits itself to the highest standards of compliance, governance, transparency and accountability.
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.
CIBL provides innovative solutions to facilitate/enable financing and investment in various countries in Asia, Africa, Europe and beyond. For these solutions, CIBL main client base are governments, financing banks, investment companies as well as companies doing projects and trade.
For years CIBL has been providing specialist financing, investment and risk transfer solutions for Iraq trade and projects. The company also provides insurance solutions for niche covers such as terrorism insurance, political risks, nonpayment of mortgages etc.
CIBL has been operating from Dubai and serving clients in numerous markets since 2000 with quality personnel of over 100 years combined experience in the industry.
It is a focus of CIBL to ensure clients risks are placed with reputable and financially strong global underwriters and guarantors. A hands on management offers an individual and proactive approach to each client’s needs establishing CIBL as a reputable company in the region and beyond.
Basrah Gas Company provides a valuable insight into the challenges and the opportunities linked to attracting and maturing foreign investment in Iraq. Operating the largest gas flare reduction project in Iraq, the pioneering public/private venture have demonstrated the success of adapting to the Iraqi environment, such that they were awarded the prestigious Adam Smith Award for Treasury in 2015, amongst some of the world’s largest companies.
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About KPMG Kawasmy & Partners CO.
KPMG in Jordan operates under the legal name of Kawasmy and Partners Company and its local Jordanian partnership. It is a member firm of the KPMG network, affiliated with KPMG International.
Over the past years, KPMG in Jordan has built a strong track record of providing high quality Audit, Tax and Advisory services to become one of the leading firms in Jordan, managed by professionally qualified Jordanian nationals and internationals. KPMG in Jordan has over 100 professionals operating throughout the country. Many of Jordan’s leading organizations are our clients.
In addition to providing services in the areas of Audit, Tax and Advisory services, KPMG in Jordan possesses a high level of industry knowledge, which allows them to focus on business issues and trends that effect industries and market sectors. This ensures that clients receive a professional quality service within the context of their business sector.
As the Jordanian business environment has changed in response to new economic realities, so has KPMG in Jordan. Building on our traditional base of audit and compliance work, we have expanded our role by providing financial, risk and IT advisory services that makes us well positioned to serve our clients in a complex and challenging environment. KPMG in Jordan offers training sessions throughout the year to its staff members and clients in areas such as IFRS, Independence, Risk Management, KAM (KPMG Audit Methodology), ISA (International Standards on Auditing).
Misys is transforming the global financial services industry by making clients more resilient, more efficient and more competitive. Misys connectssystems, enabling our 2,000 customers in 130 countries to make the smartest business decisions and solve the most complex challenges.Our broad range of financial software is unmatched; driving performance, growth and innovation for our customers. We help our clients to expand their business and make the impossible possible.
Iraq Wallet is the first mobile payment solution in Iraq. It offers financial services that change the way you perform your financial transactions.
Iraq Wallet was established in 2014, and is regulated by the Central Bank of Iraq (CBI). It is the largest M-banking service provider in Iraq, offering the Iraqi population the easiest and most convenient access to financial services across the country.
Iraq Wallet Service is an electronic wallet (e-money) account that provides customers with means of converting cash money into electronic money. This allows and largely simplifies transactions such as transfers, top-ups, bill payments and cash flows (cash in, cash out). All these transactions can now be conducted at your convenience directly from your mobile, be it a smartphone or a regular mobile.
MasterCard is a technology company in the global payments industry. We are leading the way toward a world beyound cash with the power to expand connectivity, opportunity and prosperity for individuals, businesses and communities. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Our products and solutions make everyday commerce activities-such as shopping, traviling, running a business and managing finances-easier, more secure and more effecient for everyove. Through our payment solutions, we deliver value and connect close to two billion cadholders with tens of millions of merchants around the world
BLOM BANK is a leading Lebanese Bank which has repeatedly and unanimously been selected as the Best Bank in Lebanon by the most recognized regional and international institutions. As one of the oldest established banks in Lebanon, if not the region, BLOM BANK’s universal banking services include Commercial Banking, Corporate Banking, Private and Investment Banking, Asset Management, Retail Banking, Islamic Banking, Brokerage Services and Insurance Products and Services.
BLOM BANK’s strategy is based on measured regional expansion to markets with strong fundamentals and on the diversification of its universal services that has placed it at the fore front of Arab banks in the region. As a result, BLOM BANK has the widest foreign presence among Lebanese Banks, in 12 countries in the Middle East and Europe, namely Lebanon, Syria, Jordan, UAE, France, UK, Switzerland, Romania, Cyprus, Egypt, Qatar, and Saudi Arabia through a network of 213 banking and financial units. Furthermore, the Bank will be expanding to Iraq (Baghdad and Erbil) early 2014 and, as always, will be capitalizing on its regional competitive edge in terms of common culture, existing relationships and the replicability of its excellent products.
The National Bank of Iraq is a publically traded private bank and a member of Capital Bank of Jordan Group. Through an extensive branch network that includes Baghdad, Basra, Erbil, Mousel and Al Suliamaniayh, we work directly with Capital Bank of Jordan to offer superior banking solutions for distinguished customers in the inter-linked markets of Iraq and Jordan.
The Bank’s stability and reliability to protect your banking activities is our first priority. The National Bank of Iraq commits to reporting financials according to International Accounting Standards, and complies with the laws and regulations of respective governing bodies in Iraq and outside Iraq. The Bank audits all its accounts through Ernst and Young in Iraq and Jordan. The banks operate modern core banking systems to support growth and ensure accuracy and efficiency in serving our clients.
he bank is listed on the Iraqi stock exchange under ticker NBOI.
Bank of Beirut and the Arab Countries (BBAC) provides a full range of banking and financial solutions to individuals and corporations through an extensive network of forty-nine ATMs and thirty-eight branches comprising thirty-five domestic branches, three international branches, one in Cyprus - Limassol and two in Iraq - Erbil and Baghdad, in addition to a representative office in UAE - Abu Dhabi.
The greatest values of life -“Caring” is BBAC Bank the most powerful business advantage. This is embedded in BBAC’s corporate culture, Sheikh Ghassan Assaf, the Chairman and General Manager at BBAC names it, a quest to create high social and economic value, an insight that opened doors to creative initiatives and pioneering ideas.
Türkiye İş Bankası is Turkey’s first truly national bank that committed to be the most preferred, trustworthy, leading bank in Turkey. The bank has over 1,000 branches domestically, and is one of the largest branch networks in Turkey. İşbank’s international network comprises one branch in London - United Kingdom, one branch in Bahrain, 13 branches in the Turkish Republic of Northern Cyprus, a financial subsidiary in the Republic of Ireland, and a banking subsidiary in Germany, with 11 branches in Germany and one branch each in the Netherlands, France and Switzerland) as well as representative offices in Shanghai and in Cairo.
Universal Flying Objects (UFO)
Universal Flying Objects (UFO) is an experienced information and technology firm specialized in the fields of banking automation software, payment systems, smart cards, E-Purse and E-Government Universal Flying Objects (UFO) is headquartered in Malaysia and has a branch in Sulaymaniuyah, Iraq. UFO provides its customers and partners with knowledge and technology transfer thus keeping their IT specialized staff up to date with the latest technologies and business processes.