Arab Bank returns to Baghdad after 80 years of presence
Arab Bank returns to Baghdad after 80 years of presence
2025-04-13 05:45
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani received, on Sunday, a delegation from the Arab Bank, headed by the bank’s Chairman of the Board of Directors, Sabih al-Masri, and attended by a number of board members, on the occasion of the upcoming opening of the Arab Bank/Iraq branch in the capital, Baghdad.
During the meeting, according to a statement issued by the Prime Minister’s media office and received by Shafaq News Agency, ways to enhance cooperation between Iraq and the Arab Bank in the financial and banking fields were discussed, as well as the bank’s participation in financing investment projects within the country.
Al-Sudani emphasized that Arab Bank has been present in Iraq for nearly eighty years, noting that its return today reflects the political and economic stability the country is experiencing.
The Prime Minister stressed the importance of expanding the bank’s activities to include contributions to development and economic stability, affirming the government’s readiness to provide all forms of support that would enhance Arab and foreign banking activity in service of the Iraqi economy.
For its part, the Arab Bank delegation expressed its willingness to participate in financing a number of investment projects and expand its activities in Iraq, contributing to job creation and revitalizing the economic sector.
shafaq.com
