Insight Iraq

In-Depth News & Views

Iraq News

UAE aims to deepen its strategic partnership with Iraq

Baghdad ( – The UAE Minister of Point out for Foreign Trade, Thani bin Ahmed Al Zeyoudi, announced that the United Arab Emirates is eager to deepen its strategic partnership with Iraq in diverse fields, especially trade and expense cooperation.

Throughout his pay a visit to to the headquarters of Iraq’s Intercontinental Advancement Lender (IDB) in Dubai, Al Zeyoudi reaffirmed that the two countries are eager to expand their financial ties in a way that advancements their shared pursuits and delivers a lot more probabilities for their enterprise communities and the personal sector, according to Sky Information Arabia.

Al Zeyoudi said that mutual financial investment flows and non-oil commerce were positively impacted by Iraq and the UAE&#8217s determination to deepen their economic connections.

The two sides talked over regions of shared desire, the essential purpose the IDB has performed in bolstering trade and financial investment ties concerning the UAE and Iraq, opportunity avenues for cooperation to improve the probable for prosperous partnerships amongst the business communities in the two international locations, and techniques to foster cooperation that progress trade and financial commitment in crucial sectors.

Al Zeyoudi was briefed on the IDB’s strategies and what its department in Dubai attained all through the calendar year and a 50 % of its founding, as it succeeded in handling about 10 p.c of the volume of trade exchange between the two nations around the world, which exceeded $27 billion annually.

Al Zeyoudi was briefed about the IDB&#8217s ambitions and the accomplishments of its Dubai branch in the initially 18 months of operation, in the course of which it was able to handle about 10 per cent of the full total of trade amongst the two nations, which amounted to around $27 billion each year.

The post UAE aims to deepen its strategic partnership with Iraq appeared initial on Iraqi News.