مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

Economic Event: Visit of H.E the Ambassador of the Republic of Pakistan to Jordan Sajjad Ali Khan to IBC Offices

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His Excellency the Ambassador of the Republic of Pakistan to Jordan Sajjad Ali Khan and the Pakistani Commercial Attaché Khadim Ali visited on Sunday December 12th 2021 the Iraqi Business Council accompanied by businessman and journalist Dr. Waddah Al-Kelani and met with IBC Deputy Chairman & Secretary General Dr. Saad Naji, Board member Mr. Muhammad Shanshal and IBC Director General.

At the beginning of the meeting, H.E. the Pakistani Ambassador thanked IBC members on organizing the meeting and talked about the economic and investment advantages Pakistan enjoys, indicating that Pakistan enjoys diverse and significant resources with promising investment opportunities especially with the Pakistani – Chinese economic passage and Gwadar Port, which is an important point on the way to the economic passage between China and Pakistan, whereas it is characterized by distinguished geographic location as is located between south Asia and the Middle East.

A free zone has been established in the Port, which grants companies tax and customs exemptions, in addition to easy exportation to a large number of world countries.

Afterwards IBC Director General reviewed IBC progress and achievements on all levels.  For his part, Dr. Saad Naji thanked the Pakistani Ambassador for his visit to the Council and his interest to strengthen economic relations with IBC member companies.

In response to the Ambassador’s proposal on sending a trade delegation that includes Iraqi investors and businessmen who are desirous on learning about investment and commercial opportunities available in Pakistan, Dr. Saad Naji affirmed the Council readiness to organize the visit and also receiving visiting trade delegations from Pakistan.

At the end of the meeting the two sides exchanged thanks on organizing the meeting, then Dr. Saad Naji presented the Council’s icon (the Sumerian Tree of Life) as a gift to H.E. the Ambassador of Pakistan on behalf of the Iraqi Business Council.

مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

IBC Hosts the Launching ceremony of Fashion Designer Sana Matouq New Collection At The Iraqi Business council Hall

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Among the activities of its Cultural Program (Ibda), the Iraqi Business Council hosted on Wednesday December 4th 2021 the launching of the new fur collection of fashion designer Sana Matouq, which included a distinguished and varied assortment of designs that were characterized by classic colors such as black, brown and grey as well as bright colors such as blue and snow white colors.

The new designs were distinguished by endless elegance and diversity.. some of which can be worn in formal occasions and others on daily basis.

The event was attended by the wife of the Iraqi Ambassador to Jordan Mrs. Maysam Al-Rubaie and members of the Iraqi community in Jordan, and on the Council’s side it was attended by IBC Deputy Chairman and Secretary General Dr. Saad Naji, IBC member Ms. Maha Al-Nuaimi, in addition to IBC Director General, staff and satellite TV channels.

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 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.

تشخيص القطاع الغير رسمي

Artworks – Iraqi Business Council

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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.

 

 

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تشخيص القطاع الغير رسمي

Artworks – Iraqi Business Council

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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.

مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

Iraqi Business council Members Participate in the Breakfast Invitation Event Held in Honor of the Visiting Irish Foreign Minister Mr. Simon Coveney

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IBC Board member Engineer Mekki Al-Faiz, IBC member Mr. Anwer Omar and IBC Director General participated on Friday November 5th, 2021 in the breakfast event held at Amman Fairmont Hotel in honor of the Irish Foreign Minister Mr. Simon Coveney during his visit to the Hashemite Kingdom of Jordan.

At the beginning of the ceremony, the Irish Ambassador to Jordan Dr. Vincent O’Neil welcomed the guests and thanked the Irish Foreign Minister for sponsoring the opening ceremony of the new location of the Republic of Ireland Embassy in Jordan.

IBC Director General took part in the breakfast event with a welcome speech in which she presented an overview on the Council’s activities, programs and economic achievements and the most important sectors in which members invest in Iraq and Jordan, in addition to an overview on the investment environment in Iraq.

The Director General emphasized readiness of IBC member companies to cooperate with the Irish companies to identify investment and economic opportunities available in Iraq.

Also, IBC Board member Mr. Mekki Al-Faiz had a side talk with the Irish Foreign Minister and the Irish Ambassador on the economic situation and projects available in Iraq.

For his part, the Irish Foreign Minister expressed his country’s support for Iraq and stressed Ireland’s readiness to participate in the process of economic development that would enhance Iraq’s security and stability.

A number of Heads of organizations and economic associations in Jordan took part in the event, in addition to a number of businessmen and investors.

مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

Economic Event: Minutes of the Consultative Meeting Held with the Representative Of the American Consulting Company in Charge of Submitting

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A consultative meeting was held on Monday, November 1st 2021 at the head offices of the Iraqi Business Council with Mr. Sahil Annabi – the representative of the American Consultative Company in charge of submitting a feasibility study for the Joint Economic Zone between Iraq and Jordan (PRAGMA Group).

The meeting was attended by members of the Iraqi Business Council; IBC Deputy Chairman & Secretary General Dr. Saad Naji, Board member Engineer Mekki Al-Faiz and IBC members; Engineer Turkey Al-Qaissi and Mr. Dargam Al-Bolani.

During the meeting, Dr. Saad Naji welcomed Mr. Sahil Annabi and reviewed the role of the Council in setting a strategy for developing the private sector in Iraq (2014-2030) and the Council’s partnership with the International Labor Organization (ILO) to develop a strategy for transition in Iraq from informal to formal economy, followed by an overview presented by IBC Director General on IBC activities and achievements.

During the meeting, Consultant Annabi presented an overview on the Economic Free Zone Project between Iraq and Jordan and the important role of the private sector as to expressing opinion and providing advice on the location of the Economic Zone in both countries, and the industries and products that can be established in that region, in addition to the services and infrastructure that must be provided for that area to become an attractive region for investments.

Also, Mr. Annabi enquired about the solutions that must be developed to overcome obstacles that prevent making that region attractive for investments.

In turn, Dr. Saad Naji responded to those queries; that it is necessary to make a comparison with the Jordanian – Syrian Free Zone, the necessity to provide government support to the private sector projects intended to be established in that region, in addition to providing special and distinguished facilities to investors in terms of energy costs and labor, proposing that that region be a centre for petrochemical and renewable energy projects.

Mr. Mekki Al-Faiz also confirmed that the Economic Free Zone would be the ideal and perfect region to establish solar energy projects, as Jordan is characterized by clear and strong laws in this sector, as Iraq is in great and urgent need of this energy, in addition to the necessity of establishing electricity and gas stations.

Furthermore, Engineer Turkey Al-Qaissi stressed the importance of benefiting from the Free Trade Agreements for the projects intended to be established on the Jordanian side of the Joint Zone, in addition to the need of having fair competition between the Jordanian and Iraqi goods so that the area becomes an economic zone serving both countries, as the trade balance in recent years was in favor of the Jordanian goods.

In turn, IBC member Mr. Dargan Al-Bolani stressed the need of providing support to the food industries in the event of establishing such industries in that region, and the availability of special marketing centers to market products of these factories, in addition to establishing a loan fund for those projects and finding suitable guarantees for investors to start their projects in the Free Economic Zone.

At the end of the meeting, Dr. Saad Naji stressed the necessity of eliminating customs infringing that can affect success of the projects intended to be established in the Free Economic Zone.

In turn, Consultant Annabi thanked IBC members on organizing the meeting and expressed his desire to hold more consultative meetings to provide integral feasibility studies covering all sectors, and all incentives and privileges that encourage the private sector to invest in the joint Economic Zone between the two countries.

 

مجلس الاعمال العراقي | مظلة الاستثمار والشركات العراقية في الاردن

Economic Event: Minutes of the Consultative Meeting Held with the Representative Of the American Consulting Company

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A consultative meeting was held on Monday, November 1st 2021 at the head offices of the Iraqi Business Council with Mr. Sahil Annabi – the representative of the American Consultative Company in charge of submitting a feasibility study for the Joint Economic Zone between Iraq and Jordan (PRAGMA Group).

The meeting was attended by members of the Iraqi Business Council; IBC Deputy Chairman & Secretary General Dr. Saad Naji, Board member Engineer Mekki Al-Faiz and IBC members; Engineer Turkey Al-Qaissi and Mr. Dargam Al-Bolani.

During the meeting, Dr. Saad Naji welcomed Mr. Sahil Annabi and reviewed the role of the Council in setting a strategy for developing the private sector in Iraq (2014-2030) and the Council’s partnership with the International Labor Organization (ILO) to develop a strategy for transition in Iraq from informal to formal economy, followed by an overview presented by IBC Director General on IBC activities and achievements.

During the meeting, Consultant Annabi presented an overview on the Economic Free Zone Project between Iraq and Jordan and the important role of the private sector as to expressing opinion and providing advice on the location of the Economic Zone in both countries, and the industries and products that can be established in that region, in addition to the services and infrastructure that must be provided for that area to become an attractive region for investments.

Also, Mr. Annabi enquired about the solutions that must be developed to overcome obstacles that prevent making that region attractive for investments.

In turn, Dr. Saad Naji responded to those queries; that it is necessary to make a comparison with the Jordanian – Syrian Free Zone, the necessity to provide government support to the private sector projects intended to be established in that region, in addition to providing special and distinguished facilities to investors in terms of energy costs and labor, proposing that that region be a centre for petrochemical and renewable energy projects.

Mr. Mekki Al-Faiz also confirmed that the Economic Free Zone would be the ideal and perfect region to establish solar energy projects, as Jordan is characterized by clear and strong laws in this sector, as Iraq is in great and urgent need of this energy, in addition to the necessity of establishing electricity and gas stations.

Furthermore, Engineer Turkey Al-Qaissi stressed the importance of benefiting from the Free Trade Agreements for the projects intended to be established on the Jordanian side of the Joint Zone, in addition to the need of having fair competition between the Jordanian and Iraqi goods so that the area becomes an economic zone serving both countries, as the trade balance in recent years was in favor of the Jordanian goods.

In turn, IBC member Mr. Dargan Al-Bolani stressed the need of providing support to the food industries in the event of establishing such industries in that region, and the availability of special marketing centers to market products of these factories, in addition to establishing a loan fund for those projects and finding suitable guarantees for investors to start their projects in the Free Economic Zone.

At the end of the meeting, Dr. Saad Naji stressed the necessity of eliminating customs infringing that can affect success of the projects intended to be established in the Free Economic Zone.

In turn, Consultant Annabi thanked IBC members on organizing the meeting and expressed his desire to hold more consultative meetings to provide integral feasibility studies covering all sectors, and all incentives and privileges that encourage the private sector to invest in the joint Economic Zone between the two countries.

مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

Opening of the Personal Exhibition of Expatriate Iraqi Artist Sattar Nima At The Iraqi Business council Hall

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Among the activities of IBC Cultural Program (Ibdaa), the personal exhibition of the Iraqi expatriate artist Sattar Nima was opened on Saturday October 23rd 2021 on IBC Hall 1st floor titled “Ecstasy”.

During the opening ceremony, the artist toured the exhibition with IBC Deputy Chairman and Secretary General Dr. Saad Naji and IBC guests of artistic and cultural elites to learn about the displayed artworks, where twenty artworks were displayed embracing a variety of techniques and materials were used such as acrylic, oil and pastille, with a line connecting between personification to extreme abstraction.

In the centre of the hall a video artwork interposed that was in harmony with the content of the exhibition; which was the idea of transcending the normal physical surface of the painting to reach the depth considering the painting as a living work.

The event was attended by IBC members’ Dr. Amila Naji, Mr. Muhammad Shanshal and members of IBC Cultural Committee, in addition to a crowd of artists, academics, media professionals, IBC guests of the Iraqi community in Jordan, TV channels, IBC CEO and staff.

 

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.

 

مجلس الاعمال العراقي | بوابة المستثمرين والشركات العراقية في الاردن

Meeting of Members of the Iraqi Business Council with the Ambassador of the Republic of Sri Lanka to Jordan

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Members of the Iraqi Business Council; IBC Deputy Chairman & Secretary General Dr. Saad Naji, Board member Engineer Ali Ghalib Al-Khafaji, Engineer Muhammad Shanshal and IBC CEO met on Monday October 11th 2021 with the Ambassador of the Republic of Sri Lanka to Jordan Ms. Shanika Dissanayke during her visit to IBC offices.

At the beginning of the meeting, the Sri Lankan Ambassador thanked IBC members for their reception and for organizing the meeting.

Ms. Dissanayke talked about the investment opportunities available in a number of sectors in Sri Lanka, including opportunities available for investment in the largest financial, commercial and tourist centre, which is now being built in Sri Lanka, as Sri Lanka has been nominated to be one of five most important tourist cities in the world, in addition to the industrial sector, including the dairy products industry, where there is a significant shortage of dairy production, adding that there are great investment opportunities in the pharmaceutical sector.

The Ambassador called upon investors to consider investing in Sri Lanka to benefit from the customs exemptions in a number of countries that had signed free trade agreements with Sri Lanka such as India, Bangladesh and Singapore.

The Ambassador also provided an overview on the shipbuilding sector, which is considered one of the promising sectors that characterizes Sri Lanka.

The Ambassador also extended an invitation to IBC members to visit Sri Lanka to attend the largest exhibition of ship manufacturing, which would be held online on October 25th – 29th 2021, attached in the following link.

At the end of the meeting, IBC members agreed with Sri Lanka Ambassador to organize a video meeting with the Head of Sri Lanka Investment Board to identify more available investment opportunities.

The two sides exchanged thanks on organizing the meeting, and Dr. Saad Naji presented IBC icon (the Sumerian Tree of Life) to the Ambassador of Sri Lank on behalf of the members of the Iraqi Business Council.

Economic Event: Technical Meeting on a Working Paper over the Volume of Iraqi Investment in Jordan Between The Secretary General – Acting for Jordan Investment Commission & IBC Deputy Chairman & Secretary General

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