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Al-Nasiri: The emergence of the Iraqi-Saudi Coordination Council supports investment and reconstruct

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rocky
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Al-Nasiri: The emergence of the Iraqi-Saudi Coordination Council supports investment and reconstruct

Post by rocky on Mon 23 Oct 2017, 3:00 am

Al-Nasiri: The emergence of the Iraqi-Saudi Coordination Council supports investment and reconstruction

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Economy News _ Baghdad
The Economic and Financial Adviser to the Association of Iraqi Private Banks Samir Al-Nusairi confirmed on Monday the emergence of the Coordinating Council for the joint cooperation between Iraq and Saudi Arabia in all fields, especially in the promotion of economic, investment and trade relations, which was signed by Prime Minister Haidar Al-Abadi and King Salman bin Abdul Aziz yesterday in Riyadh, Will strengthen the bilateral economic relations with the Saudi sister and lay the foundation for building strategic cooperation relations with the Arab countries, especially the Gulf States and embodies a new launch of the strategy of investment and reconstruction and sustainable development of For years (2018-2022).
Al-Nusairi said in an interview with "Economy News" that "the Prime Minister's visit to the large Iraqi delegation, which consists of ten ministers and sixty advisers in all specialties, is a clear indication of the joint approach to building strategic joint relations in the areas aimed at the parties and what interests Iraq attract The Arab investment and the implementation of infrastructure projects and the reconstruction of cities affected by the terrorist da'ashi and chart the way to start at a steady pace to return Iraq to its Arab depth.
Al-Nusairi called for "benefiting from the broad participation of the Saudi economic delegation, which is currently in doubt in the 44th session of the Baghdad International Fair under the chairmanship of the Minister of Energy and the membership of 200 businessmen and the director of the Foundation and the company and try to sign agreements with them to implement the provisions of the formation of the Coordination Council, especially in the economic and banking, "The economic and financial delegation of the government and the Iraqi private sector, who will visit Saudi Arabia in the coming weeks to activate the agreements and start effective cooperation and benefit from openness in the Iraqi-Saudi relations in all political, security, economic and Development of a special form of banking and activating their relations and joint cooperation in foreign and stimulate investment and encourage companies to invest in Iraq's banking transactions. "
The Iraqi economy is currently undergoing an important transition phase after achieving the victory over terrorism, which is to leave the crisis stage to the stage of security and economic stability, especially after the opening of the international, regional, Gulf and Arab broad on Iraq and the beginning of building new political, security and economic relations which started at the beginning of the second half of this year 2017 What concerns us here is the future of international economic, financial and banking relations in general and with the Arab Gulf countries in particular and some Arab countries with an influential economic depth and extending bridges of relations with them in order to serve to open new horizons for communication and mutual exchange. The promotion of Arab investment in Iraq, the development of infrastructure and banking technology, the increase of inter-bank transactions and finding new ways to cooperate with the correspondent banks in those countries where the recent bilateral meetings between the Central Bank of Iraq and the relevant ministries and representatives of the Gulf countries who visited Iraq During the past two months and in partnership with the Iraqi private sector and in particular the private banking sector to draw up a roadmap for communication and joint coordination for the purpose of direct and actual implementation of what is reached from the general lines to build and restore the economic, financial and banking relations cut off for several decades. Where it was achieved and it was agreed on the development and open broad prospects for cooperation in the banking field and correct the previous tracks and overcome all the obstacles that stand in the way of building a healthy and sound banking relations. It was also agreed to be named a link between the Central Bank of Iraq and monetary institutions in the countries that met with their representatives.


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