The Iraqi Business Council Signs a Memorandum of Understanding With the Jordanian Businessmen Association at IBC Offices

 

Chairman of the Iraqi Business Council, Dr. Majid Sadi, IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC Board member Mr. Mekki Al-Faiz and a number of IBC members; Mr. Osama Al-Shemmari, Mr. Muhammad Shanshal and IBC Director General received on Tuesday September 20th 2022 at IBC offices the Chairman of the Jordanian Businessmen Association, MP Hamdi Al-Tabbaa, a number of the Association’s Board members and Board of Trustees, General Assembly and the Association’s Director General, Mr. Tariq Hijazi, to sign a memorandum of understanding aiming at supporting joint cooperation between the two sides and strengthening joint cooperation to serve and expand horizons of economic relations between the Jordanian and Iraqi business community.

During the meeting

Mr. Al-Tabbaa expressed his happiness with this cooperation. He reviewed role of the Jordanian Businessmen Association in enhancing Jordan’s economic and investment relations with various brotherly Arab and friendly foreign states, promoting the advantages, incentives and investment opportunities that Jordan enjoys through joint business council to which the Association is associated.

On the other hand

Dr. Sadi pointed out that Jordan plays a major role in receiving investors from the Arab world. ِAs Jordan is a symbol of tolerance and coexistence. Streesed that the priority in Iraqi imports is for Jordan, if it achieves competition in terms of price and quality. He also reviewed a number of projects that the government intends to announce as investment opportunities in Iraq. Especially in the fields of telecommunications, real estate development and reconstruction.

Mr. Al-Tabbaa pointed out the importance of working on exploring prospects for investment opportunities especially in the promising economic sectors of common interest, pointing out that the Iraqi market is one of the important markets for Jordan.

Mr. Al-Tabbaa also pointed out that Jordan enjoys several attractive investment advantages that provide investors with a safe environment for investment with multiplicity of free trade agreements and availability of many free and development zones.

Dr. Sadi stressed that the MOU will strengthen cooperation and exchange of know-how in various economic fields, pointing out the role of the Iraqi Business Council in developing Iraqi investments in many economic sectors and the interest of the Iraqi side to invest in Jordan and the Arab world in general, expressing his happiness at the signing of the agreement, especially with the existence of diverse opportunities on the trade and investment levels that can be exploited in developing the Jordanian – Iraqi relations.

The agreements aims

The agreements also aims at boosting cooperation between the two sides in holding relevant activates, conferences and forums that serve to boost the development of economic relations between members of both sides, enhance means of communications, provision of possible facilities in this respect, encourage members of both sides to participate in such activities, as well as cooperation to encourage and facilitate the exchange of know-how and information available to both sides on the opportunities of developing various economic sectors, holding strategic partnerships on the local, Arab and regional levels.

The agreement also aims to boost joint cooperation as to holding bilateral meetings with businessmen in fields of common interest, cooperation in preparation of studies, researches, statistics and joint reports in various economic fields, as well as cooperation in holding joint seminars and workshops in fields of common interest.

During the meeting,

The two sides stressed the needs to work on developing a clear work plan through the signed memorandum of understanding. In order to promote the volume of bilateral investments in the interest of both sides.

 

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Economic event: Jordan Businessmen Association Delegation Visits The Iraqi Business Council

A delegation of members of the Jordanian Businessmen Association namely PM Engineer Abdul Rahim Al-Biqaie, Association Secretary-General, and Board members; Mr. Michel Nazzal, Engineer Yusri Tahboub, Association member, Engineer Abdul Rahman Abu Dahar, and the Association Chief Executive Officer Mr. Tariq Hijazi visited the Iraqi Business Council on Sunday September 11th 2022.

They were received by IBC Deputy Chairman and Secretary-General, Dr. Saad Naji, IBC Board member Mr. Mekki Al-Faiz and IBC Director General.

The meeting aimed at discussing relations between the two sides and mechanisms of future bilateral cooperation, in addition to a number of issues, as well as a number of issues of concern to the business community on both sides.

During the meeting, Dr. Saad Naji affirmed that the Iraqi – Jordanian economic relations maintained their strength during the previous yeas despite all previous regional challenges, pointing out that the Iraqi investors in Jordan enjoy a number of investment advantages provided by the investment law, along with a package of incentives and exemptions.

Dr. Naji also pointed out that the Iraqi Business Council, which was established in 2006, includes among its members a group of elite Iraqi businessmen, numbering to 400 businessmen, representing nearly 3200 companies, who own various investments in various economic sectors mainly tourism, industry and general trade sectors.

The Iraqi Business Council aims to maintain continuous networking between the two countries.

During the meeting, it was agreed to sign a memorandum of understanding that strengthens joint cooperation between the two sides in all fields, especially in the tourism field to promote Iraqi investment in Jordan in this qualitative sector.

Economic event: Press News on the Meeting Held between IBC Delegation & Head and Members of the Parliamentary Economy & Investment Committee At the Jordanian Parliament.

We attach to you on the following links of the press news published in a number of electronic news websites on the meeting that took place on Tuesday August 9th 2022 at the Headquarters of the Jordanian Parliament between the delegation of the Iraqi Business Council comprising of IBC Vice Chairman & Secretary General, Dr. Saad Naji, IBC Board member, Mr. Mekki Al-Faiz and a number of IBC members; Mr. Abdul Rahman Thabit Al-Ani, Mr. Ahmad Al-Amili, Mr. Aqeel Al-Hadi, Dr. Faris Al-Safi and representatives of IBC member companies; Mass Holding Group, Al-Zawraa Industrial Company, IBC Director General and members of the Parliamentary Economy & Investment Committee.

 

 

– وكالة بترا للأنباء.

– موقع نبض.

 

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan. Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.

The one who carried out the mission of founding is an elite of Iraqi businessmen of recognized competence and abilities. and since the Council’s inception in late 2006, members have worked towards efforts to support Iraqi investments in Jordan. as well as coordination and cooperation with official entities, to find solutions and proposals to overcome obstacles and constraints facing investors s economic, investment and trade cooperation between Jordan and Iraq.

Economic event: IBC Deputy Chairman & Secretary General Participates In a Speech on Joint Investment Supportive Environment

IBC Deputy Chairman & Secretary General, Dr. Saad Naji, participated on Sunday August 7th 2022 in a speech on the Joint Investment Supportive Environment in the Innovative Dom Forum for Advancement & Sustainable Development (Fourth Edition), which was held in the Movenpick Hotel – Amman.

Head of Public Relations Department in the Interior Ministry, Major General Saad Maan, also participated in the meeting.

During the meeting, Dr. Saad Naji reviewed the volume of Iraqi investment in Jordan, the momentum of this investment in several vital sectors including tourism, real estate development, all types of industries and the financial and banking sectors.

He also talked about the achievements realized by IBC in serving investors and strengthening economic relations between Iraq and Jordan by promoting a number of key strategic projects between the two countries; the most of important of which the Iraqi – Jordanian Pipeline Project (Basra – Aqaba) and the twinning agreement between Basra and Aqaba Ports and the major role IBC played in strengthening Iraqi investment in Jordan, in addition to its role in promoting investment in Iraq.

During the opening ceremony, the First Deputy Speaker of Jordan Parliament, Mr. Ahmad Al-Safadi, acting on behalf of the Speaker of Parliament, and in the presence of the Iraqi Ambassador to Jordan, Mr. Hayder Al-Athari, and representatives of the investment, economic and industrial sectors, Mr. Al-Safadi stressed the need to expand cooperation frameworks between the investors in Jordan and Iraq and developing partnerships with all sectors. Mr. Al-Safadi also pointed out that the Jordanian Parliament will work on strengthening the supportive environment for the advancement of investment sector based on its legislative role.

He also pointed out a package of economic Bills listed on the agenda of the current emergency session, indicating that since the beginning of the session IBC supported the launch of a national dialogue adopted by the relevant parliamentary committees, believing in the importance of consolidating partnership and effective networking with all competent sectors in such a way as to contribute to the advancement of national economy.

For his part, the Director General of the Innovation Dom and Head of the Forum, Counsellor Rani Al-Omari, pointed out the strong relations existing between Iraq and Jordan, stressed the importance of the Forum in strengthening partnerships and making recommendations to the authorities concerned to facilitate the business of investors in both countries.

Also, the Iraqi Ambassador to Jordan stressed the importance of strengthening mutual investment opportunities, especially that political, security, economic and legislative conditions are now ripe for more partnerships in the investment aspect, whether at the level of public or public sectors.

The Forum also discussed several headlines, especially joint investment between Amman and Baghdad and ways to develop laws and regulations that sponsor investment between the two countries with the participation of government and private agencies concerned with investment in both countries.

The sessions of the first day of the Forum focused on joint investment between Amman and Baghdad and the legal aspects in this framework.

The sessions discussed related topics in the field of investment, pioneering models and distinguished experiences in the foreign investment sector.

The Iraqi Business Council was honored in recognition of its active contribution to the successful International Innovation Dom Forum, and Dr. Saad Naji was honored in appreciation of his active contribution as speaker in the sessions of the Forum.

دعوة لحضور حفل توقيع كتاب د. مجيد السامرائي

دعوة لحضور حفل توقيع كتاب “انتربيت” للطائرة والبيت، للإعلامي العراقي الكبير د. مجيد السامرائي، يوم السبت 06/08/2022 على قاعة مجلس الاعمال العراقي- ط1

مجلس الأعمال العراقي

يذكر ان فكرة تأسيس مجلس الأعمال العراقي، قد انطلقت بناء على الرغبة المشتركة التي تولدت لدى عدد من النخبة، والذين هم من المستثمرين و رجال الأعمال العراقيين المتواجدين على أرض المملكة الأردنية الهاشمية، حيث اجمعوا على أهمية تكوين مرجعية اقتصادية لهم،  وكذلك لمن يرغب بالانضمام إليهم ، بما يسهم في تضافر جهودهم و توحيدها، وذلك لتعظيم الاستثمار العراقي في الأردن، وكذلك المساهمة الفاعلة في البناء والاعمار في العراق.

وقد وجدت فكرة تأسيس مجلس الأعمال العراقي صدىً طيباً، ومباركة من لدن حكومة المملكة الأردنية الهاشمية، لذلك حصلت موافقة الجهات الأردنية المختصة مشكورة، على أطلاق مجلس الأعمال العراقي في الأردن.

إن الذي نهض بمهمة التأسيس هم نخبة من رجال الأعمال العراقيين المشهود لهم بالكفاءة والاقتدار. كما انه ومنذ انطلاقة المجلس في أواخر عام 2006، عمل الأعضاء على بذل الجهود التي تدعم الاستثمارات العراقية في الأردن. وكذلك التنسيق والتعاون مع الجهات الرسمية، وذلك لإيجاد حلول ومقترحات لتذليل العقبات والمعوقات التي تواجه المستثمرين.

Economic event: Major Achievement of the Iraqi Business Council To Serve its Members & Iraqi Investors in Jordan

Based on a series of meetings held with H.E. the Jordanian Prime Minister, Dr. Bishr Al-Khasawneh, and the ministerial team in the Jordanian government, and the meeting that was held later with the Head and members of the Parliamentary Economy & Investment Committee in the Jordanian House of Representatives, and in accordance with the recommendations of the Iraqi Business Council that were submitted to the Jordanian Prime Ministry, the Jordanian Prime Minister, Dr. Bishr A;-Khasawneh, approved a package of measures related to employment for spouses and children of non-Jordanian investors, and as follows :-

  • Allow spouses and children of non-Jordanian investors holders of investment cards issued by the Ministry of Investment and by the Jordanian Group Companies of Free Zones & Development Zones to work in all professions in investment projects owned by their families, and exempt them from the requirement as to obtainment of a work permit, in accordance with the legislations in force.
  • Allow spouses and children of non-Jordanian investors holders of investment cards issued by the Ministry of Investment and by the Jordanian Group Companies of Free Zones & Development Zones to work in all professions with any employer, in accordance with the procedures of the Jordanian Ministry of Labor and the legislations in force,

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

Economic event: IBC Deputy Chairman & Secretary-General & IBC Members Participate in Draft Bill Debate on Regulating the Investment Environment At Jordan & Amman Chambers of Industry Headquarter

At the invitation extended by the Chairman of Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbit, IBC Deputy Chairman & Secretary General, Dr. Saad Naji, and IBC members; Mr. Ahmad Al-Amili, Mr. Aqeel Al-Hadi, and businessmen; Mr. Ali Al-Khawam, Mrs, Niran Al-Hakim, Miss Abeer Mtasher, Representative of the Seven Seas Shipping & Clearance Company, and IBC Director General participated on Monday July 4th 2022 in the meeting held at the Headquarters of Jordan and Amman Chambers of Industry to discuss a draft bill on Regulating the Investment Environment in the Hashemite Kingdom of Jordan.

The meeting was attended H.E the Minister of Planning & International Cooperation, Mr. Nassir Al-Shraideh, H.E. the Minister of Investment, Dr. Khairi Amr, H.E. the Minister of Finance, Dr. Muhammad Al-Esis, H.E. the Minister of Industry & Trade & Supply, Mr. Yousif Al-Shemali, and the State Minister for Legal Affairs, Mrs., Wafa Beni Mustafa, and the General Commission for Industry Chambers in Jordan.

During the meeting, Engineer Fathi Al-Jaghbir, who chaired the meeting, affirmed that his contract aims at unifying the viewpoint of the Chambers of Industry towards the draft bill and the importance of participation of industrial investors in expressing their opinions in the laws and issues that affect the competitiveness of industrial investment.

Also, H.E the Minister of Planning & International Cooperation, Mr. Nassir Al-Shraideh, stressed the need to draft the law in line with the requirements of the Jordanian investment environment and in a way that is directly reflected on the local and foreign investors.

During the meeting, Jordan and Amman Chambers of Industry presented several proposals and observations on the draft bill, which was discussed with the economic team of the Council of Ministers.

Also, H.E Minister Al-Shraida confirmed that the work plan has been approved to develop the legislative environment that regulate investment and included three main tracks; the fast track, which consists of creating one window to establish, register and license the economic activities, create one window to grant residence and work permits to expatriate workers and find a unified umbrella to control and inspect the economic activities, in addition to facilitating trade procedures and phased dealings with the major new investments, and the path of reducing costs and enhancing competitiveness, which consists of reducing electricity tariffs on several productive economic sectors.

IBC’s Cultural Program “Ibdaa” Hosts the Book Signing & Publicising of “Musafir Zadahu Al-Khayal” (Translation: A Traveler Whose Victual is Imagination) By Renowned Iraqi Actress Hind Kamil

Including the activities of the Iraqi Business Council’s Cultural Program “Ibdaa”, IBC hosted on Monday June 6th 2022 at Amman Royal Hotel the signing and publicising ceremony of “Musafir Zadahu Al-Khayal” Book by the renowned Iraqi actress Hind Kamil in the presence of the Iraqi Ambassador to Jordan Mr. Haider Al-Athari, the renowned Iraqi Director Mr. Faisal Al-Yasiri, the renowned Iraqi actor Mr. Hasan Hosni, and Head of the Jordanian Artists Union Director Muhammad Yousif Al-Abadi, IBC’S Deputy Chairman and Secretary-General Dr. Saad Naji, IBC Board members; Mr. Mekki Al-Faiz, Mr. Khalil Al-Bunniya and IBC member Mr. Nazar Awji, in addition to IBC members and members of IBC Cultural Program “Ibdaa”, along with a large crowd of artistic, cultural and media figures.

The ceremony included a speech delivered by IBC Deputy Chairman and Secretary-General Dr. Saad Naji on “Ibdaa” Cultural Program, which was launched by IBC since its establishment as cultural and humanitarian program with the objective of supporting elites, cultural and artistic competencies, which represents an aspect of IBC social responsibility and the true partnership between the business community and the cultural and academic bodies.

The Iraqi Ambassador to Jordan Mr. Haider Al-Abadi commended the renowned Iraqi actress Hind Kamil and her imprint on the memory and taste of Iraqis for decades.

The Ambassador also extended his thanks and appreciation to the Iraqi Business Council for hosting the event and commended IBC’s Cultural Program “Ibdaa”.

The presenter of the event, journalist Muhammad Al-Sayed Mohsin, gave a brief preview on the Iraqi actress’s biography, which extended over decades of excellence in the artistic field.

The Iraqi actress Hind Kamil also spoke about releasing her “Musafir Zadahu Al-Khayal”, which is considered a historic document, though which she aimed at documenting and chronicling the career of an Iraqi female actress that started in the mid-seventies of the past century to the present date, who has been a witness on political eras, tribulations, conflicts and wars that took place in Iraq; as she is the daughter of these wars, who seeks to document the career of this “actor” through his time by shedding the light on his vocabulary, highlighting his clothing, the nature of his experience and general knowledge.

Through this book, actress Kamil also tried to document the “actor’s” life; his philosophy, vision, assessment and appreciation of matters, so that this book may become a document, a reference and a witness to the era.. a witness to the phase that Iraq and its people when through.. a document that speaks about a character representing the stages that he went through.. as well as talking about the many characters that crossed path with the main character (the author of this book).

Therefore, the actress tried hard to produce and implement it in the manner of a historic document to become a source and reference for specialized libraries to refer to and make use of the information contained in it, as well as to become an example for specialized establishment interested in documenting the lives of creative figures.

The event also included a speech by the renowned Iraqi actor Hasan Hosni, who highlighted a number of important roles played by actress Hind Kamil.

 

IBC Deputy Chairman & Secretary-General Participates in the “UN Global Compact Leaders’ Summit” for 2022

At the invitation extended by Mrs. Sanda Ojiambo , the CEO of the UN Global Compact, the largest world community initiative for corporates sustainable development, the Iraqi Business Council Deputy Chairman & Secretary-General, Dr. Saad Naji, and the Council’s CEO participated in the “UN Global Compact Leaders’ Summit” for 2022, which was held on June 1st and 2nd 2022 via video communication technology in New York – United States of America.

This year, over 12,000 business leaders, governments, UN representatives, civil society and corporates executives’ leaders gathered in the UN Global Compact Leaders’ Summit led by the United Nations Secretary-General, Mr. Antonio Guterres, and the UN Secretary-General Assistant and CEO of the Un Global Compact, Mrs. Sanda Ojiambo. The Summit was held under the slogan “The World We Want”.

The event included bilateral meetings in Bangkok – Thailand, in addition to the opening of Stockholm UN Conference 50+ to celebrate the anniversary of the UN Conference in 1972 on the Human Environment, as well as celebrating the 50th anniversary of the Global Environmental Action.

During the Summit, the United Nations Global Agreement was announced on the new strategy to engage small and medium companies to work on achieving sustainable development goals, particularly sustainable growth, employment, small and medium companies, industrialization and sustainable innovation.

The closing session of the Summit witnessed the announcement of 10 Sustainable Development Goals Pioneers of the UN Global Compact, who are business leaders from around the world, who are doing exceptional work to advance the Sustainable Development Goals by implementing the ten principles of the UN Global Compact on Human Rights, Environment, Labor and Anti-Corruption.

It is noteworthy that the Iraqi Business Council in Jordan was one of the first organizations that had joined the UN Global Compact and worked on applying and implementing the ten principles of the Compact in all its procedures and adopting the Sustainable Development and Social Responsibility.

Iraqi business council invites you to attend a publicity and signing ceremony for the book “Mosafer Zadeh Al Khayal” by the Iraqi artist Hind Kamel

Iraqi business council invites you to attend a publicity and signing ceremony for the book “Mosafer Zadeh Al Khayal” by the Iraqi artist Hind Kamel

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan. Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.

The one who carried out the mission of founding is an elite of Iraqi businessmen of recognized competence and abilities. and since the Council’s inception in late 2006, members have worked towards efforts to support Iraqi investments in Jordan. as well as coordination and cooperation with official entities, to find solutions and proposals to overcome obstacles and constraints facing investors s economic, investment and trade cooperation between Jordan and Iraq.