Opening of a branch of the Iraqi Bank for Trade in Riyadh
03/5/2018 12:00 am
[rtl]In the framework of financial and monetary cooperation between the two countries
BAGHDAD / Tariq al-Araji
The Iraqi Trade Bank (TBI) revealed the approval of the Saudi Monetary Agency to open a branch in Riyadh to intensify financial and monetary cooperation between the two countries, while the bank seeks to open a branch in Turkey after he succeeded in opening an office In the Abu Dhabi Global Financial Market.
The Director of the Iraqi Trade Bank Faisal Al-Hims told "Al-Sabah": "The Saudi Monetary Agency informed the Governor of the Central Bank of Iraq on the approval of the opening of a branch of the Iraqi Bank for Trade in Riyadh to intensify financial, monetary and economic cooperation between the two countries, on the sidelines of the participation of the relations in the meetings of the IMF Arab summit held recently in Tunisia, "noting that" the bank is currently waiting for approval in a formal way to be able to open the branch there. "
"The Board of Directors of the Iraqi Trade Bank recently approved the opening of a branch of the bank in Turkey, especially that the volume of trade exchange between the two countries amounts to 10 billion dollars annually, noting that" these steps come after the success of the bank in the opening of an office in the Abu Dhabi market Global financial crisis. " [/rtl]
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