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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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Established in 2006 as a Community of Reality

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    The National Bank of Iraq opens a $10 million credit line with Abu Dhabi Exports

    Rocky
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    The National Bank of Iraq opens a $10 million credit line with Abu Dhabi Exports Empty The National Bank of Iraq opens a $10 million credit line with Abu Dhabi Exports

    Post by Rocky Wed 02 Nov 2022, 5:10 am

    The National Bank of Iraq opens a $10 million credit line with Abu Dhabi Exports

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    Economy News-Baghdad
    The National Bank of Iraq, which is part of the Capital Bank Group, signed an agreement with the Abu Dhabi Export Office (ADEX), affiliated with the Abu Dhabi Fund for Development. The agreement requires the opening of a credit line worth $10 million, with the aim of developing economic and trade cooperation between the UAE and Iraq.
    Under the agreement, the Abu Dhabi Export Office will open a credit line to the National Bank of Iraq to re-lend it to buyers and importers of Iraqi investors to purchase goods and services from an Emirati exporter.
    The financing agreement was signed via visual communication technology, Khalil Al Mansouri, Acting Director General of the Abu Dhabi Exports Office, and from the Iraqi side, Ayman Abu Dhaim, Commissioner Director of the National Bank of Iraq. The signing was attended by Muhammad Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, and Chairman of the Executive Committee of the Abu Dhabi Exports Office. And a number of officials from both sides.
    Ayman Abu Dhaim stressed that "the agreement is an important step for developing the relations of joint cooperation between the UAE and Iraq in various economic and commercial fields, as it contributes to providing appropriate funding to support the movement of trade exchange and stimulate economic growth for the two countries," looking forward to "achieving this agreement and meeting common aspirations and goals." , especially as the agreement will allow Iraqi companies to benefit from the financing and competitive advantages provided by Abu Dhabi Exports, which support the import of Emirati goods and products in easy and safe ways.
    Mohammed Saif Al-Suwaidi said: "The agreement comes within the framework of the efforts made by the office to strengthen its strategic partnerships with regional and international banking institutions, in order to provide new credit lines to motivate foreign buyers to import goods and services of Emirati origin, in addition to its role in achieving common interests and enhancing export competitiveness. national and drive sustainable economic growth for the two countries.

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    Added 02/11/2022 - 10:23 AM
    Update 02/11/2022 - 1:09 PM


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