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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services

rocky
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Saudi - The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services Empty The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services

Post by rocky Tue 06 Apr 2021, 3:11 pm

The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services

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The Iraqi Trade Bank announced, on Tuesday, the signing of the financing line agreement for the import of Saudi goods and services with the Saudi Fund for Development in Riyadh.
The bank said in a statement received by "Al-Eqtisad News" that the agreement was signed during the official visit of the Iraqi Prime Minister, Mustafa Al-Kazemi, and his accompanying delegation recently to the Kingdom.
He added that the signing of this agreement came within a set of agreements and memoranda of understanding between the Iraqi and Saudi sides in various fields, including a joint agreement for cooperation in the field of development planning for economic diversification and private sector development, as well as an agreement to prevent double taxation between the Iraqi and Saudi sides, and a commercial agreement in financing Saudi exports.
He explained that a working mechanism, conditions and controls will be published to benefit from the benefits of signing the financing line agreement to import Saudi goods and services that the bank signed to support Iraqi and Saudi companies soon.

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Saudi - The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services Empty The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services

Post by rocky Tue 06 Apr 2021, 3:49 pm

The Iraqi Trade Bank signs an agreement to finance the import of Saudi goods and services
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Saudi Fund for Development
 April 06, 2021 11:33 AM
Mubasher: The Iraqi Trade Bank signed a financing line agreement to import Saudi goods and services with the Saudi Fund for Development in Riyadh.
The bank said, in a statement, that the agreement was signed during the official visit of the Iraqi Prime Minister, Mustafa Al-Kazemi, and his accompanying delegation recently to the Kingdom.
The bank added that the signing of this agreement came within a set of agreements and memoranda of understanding between the Iraqi and Saudi sides in various fields, including a joint agreement for cooperation in the field of development planning for economic diversification and private sector development, as well as an agreement to prevent double taxation between the Iraqi and Saudi sides, and a commercial agreement in export financing. Saudi Arabia .
The Iraqi Trade Bank clarified that a working mechanism, conditions and controls will be published soon.
Yesterday, through its official Twitter account, the Saudi Fund for Development announced that the Fund’s Board Chairman, Ahmed Al-Khatib, and the Iraqi Deputy Prime Minister and Minister of Finance Ali Allawi signed, on Wednesday, March 31, an export financing agreement in the amount of $ 50 million. With the Iraqi Trade Bank, on the sidelines of the Iraqi Prime Minister’s visit to the Kingdom.
The Iraqi Minister of Finance, Ali Abdul Amir Allawi,  [You must be registered and logged in to see this link.]  , with his Saudi counterpart, Muhammad Al-Jadaan, on the sidelines of the Iraqi prime minister's visit to Saudi Arabia.
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On April 18, 2019, the Iraqi Trade Bank opened its first bank branch outside Iraq in the Kingdom of Saudi Arabia, after it opened a representative office in Abu Dhabi, the capital of the United Arab Emirates, at the end of 2017.
The bank branch opened in Saudi Arabia. Within the framework of activating and revitalizing the movement and banking and commercial activity at the regional and international levels, the new branch of the bank will take the Saudi capital, Riyadh, as its headquarters.
The Iraqi government is working on implementing many projects in the Kingdom of Saudi Arabia, covering a wide range of fields; With the aim of developing and strengthening relations between the two countries.
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