The Iraqi Trade Minister, Mr. Atheer Al-Ghurairi, Meets with IBC Members

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IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, and a number of IBC members including; Board member Engineer Mekki Al-Faiz, and members; Mr. Ahmad Al-Amili, Mr. Aqeel Al-Hadi, Mr. Muhammad Shanshal, Mr. Maytham Al-Bolani, in addition to IBC Director General, met on Wednesday October 18th 2023 with HE the Iraqi Trade Minister, Mr. Atheer Al-Ghurairi, at Amman Fairmont Hotel, in the presence the Iraqi Trade Attaché, Mr. Nabil Al-Karbouli, and the Iraqi Embassy Advisor, Mr. Muhannad Al-Azzawi.

At the beginning of the meeting, Dr. Saad Naji welcomed the Iraqi Minister of Trade and guests, reviewing the role of the Iraqi Business Council in Jordan in supporting investors, facilitating their businesses, and encouraging investment in Iraq.  He also highlighted several obstacles facing investors and businessmen in Iraq including the slow procedures pertaining to the registration of companies and granting entry visas to Iraq to experts and personnel of companies working in Iraq.

The present members also discussed the Product Protection Law and the list of products covered by this Law, which negatively impacted the economic activity practice in the Iraqi market, as well as the slow registration process of lands designated for investment.

For his part, the Iraqi Trade Minister, Mr. Atheel Al-Ghurairi, welcomed IBC members, expressing his readiness to address all obstacles encountering the  investor, whether in the industrial or other sectors, communicate their observations to the Prime Minister’s office directly, and coordinate with all ministries to overcome these obstacles.

Mr. Al-Ghurairi responded to the remarks of IBC members pertaining to companies’ registration, elaborating that registration procedures presently take less than 20 days to finalize.  Mr. Al-Ghurairi communicated with the Director General of Companies Registration Department in Iraq, who confirmed that swift and easy companies’ registration procedures are currently being adopted in Iraq, and that companies registration will be performed electronically in the near future. whereas an investor or businessman will be able to visit the website to register a company and acquaint himself with the required procedures.

The Minister also communicated with the President of the Investment National Authority, Dr. Haider Mekkiya, and presented his recommendations concerning facilitating and accelerating procedures pertaining to the registration of lands designated for investment ensuring healthy business environment for the investor.

During the meeting, Mr. Al-Ghurairi promised to facilitate granting visas to investors,  businessmen and companies’ personnel, calling on IBC to provide any comments that would enhance business and investment in Iraq.

At the end of the meeting the two sides exchanged thanks on organizing the meeting.

IBC Deputy Chairman & Secretary-General Meets with the President of Jordan & Amman Industry Chambers to Discuss Means of Enhancing Economic Cooperation

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IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, met on Thursday October 12th 2023 with the President of Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbir, and a number of the Chambers’ members at the offices of the Chamber of Industry.  During the meeting, means of enhancing economic cooperation were discussed, as well as obstacles facing the Jordanian industrial companies involved in export and investment in Iraq.  During the meeting, new investment opportunities available in the Iraqi markets, as well as success stories realized by several Jordanian investors in several sectors were discussed.  The participants also discussed holding an economic meeting to promote networking between the economic sectors in Iraqi and Jordan, and benefiting from the available trade, industrial and investment opportunities, and enhancing the economic integration between Jordan and Iraq.  The meeting was attended by HE Muthanna Al-Gharaibeh, the Director General of Jordanian Banks Association – Mr. Mahir Al-Mahrooq and IBC Director General.

IBC Deputy Chairman & Members Participate in the First Jordanian – Iraqi Banking Meeting Held in the Banking Association

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IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, and IBC members participated on Sunday October 1st 2023 in the First Jordanian – Iraqi Banking meeting, which was held under the patronage of the Governor of the Central Bank of Jordan, Dr. Adel Sharkas, and the Governor of the Central Bank of Iraq, Mr. Ali Muhsin Al-Allaq, in the offices of the Jordanian Banks Association in Amman.  The Minister of Industry and Trade, HE Yosuf Al-Shemali, Minister of Digital Economy & Entrepreneurship, HE Ahmad Al-Hanahdeh, Minister of Investment and HE Mrs. Khuloud Al-Saqqaf, participated in the meeting, in addition to the Jordanian Ambassador to Iraq, Mr. Muntasir Al-Okla, Head of the Jordanian Banks Association, Mr. Basim Khalil Al-Salim, Head of the Private Iraqi Banks Association, Mr. Wadie Al-Handal, and a number of Chairmen of Banks, Unions, and Trade Chambers in Jordan and Iraq.  On the sidelines of the meeting, the Jordanian Banks Association signed a memorandum of understanding with its counterpart; the Iraqi Private Banks Association, to enhance cooperation between the two entities in a way to serve interests of the two banking sectors in both countries.  The meeting was attended by IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, and IBC members; Mr. Turkey Al-Qaisi, Mr. Atheer Al-Qadi, Mr. Ghaith Al-Bayaideh, Mrs. Niran Al-Hakim and IBC Director General.