Al-Nasiri: The Iraqi-Saudi Coordination Council is an important step for the return of Iraq to its Arab depth

claud39 wrote:Not serious, not yet good news that indicates the return of Iraq on the international, and the news comes directly from the country, and especially from an economic adviser who is much better placed to give an opinion than gurus, c is special anyway you can not find !!!!



Claud (Moose)


http://economy-news.net/content.php?id=16112


Al-Nasiri: The Iraqi-Saudi Coordination Council is an important step for the return of Iraq to its Arab depth




04/04/2019

Economy News _ Baghdad

The second round of meetings of the Iraqi-Saudi Coordination Council held in Baghdad is an important step for the return of Iraq to its Arab work and openness to building balanced political, economic and security relations with brotherly and friendly countries, especially with the countries of the region, said Samir Nusairi, economic and banking adviser to the Association of Iraqi Private Banks. Geographically, in which the Arab depth of Iraq constitutes the foundation and the essence.

Al-Nasiri said in an interview with Al-Iktissad News that the Saudi delegation, which consists of 7

 ministers and 113 political, security, economic, businessmen and investors, is a clear indication of the new foreign relations strategy adopted by Iraq since 2017. The first of these relations was the emergence of the Coordination Council with the Saudi side And held its first meeting in November 2017 in Saudi Arabia, explaining that the strengthening of Iraqi-Gulf relations in all political, security and economic fields, in particular cooperation and communication and strengthen banking relations between them, especially in foreign banking transactions Of stimulating and encouraging investment companies to invest in Iraq will lead to the strengthening of financial and investment fields, in particular reconstruction projects in cities liberated.

Al Nusairi pointed out that the Iraqi economy is currently undergoing an important stage of transition after achieving the ultimate victory over terrorism. It is to leave the crisis stage to the stage of security and economic stability especially after the wide international, regional, Gulf and Arab openness on Iraq and the beginning of building new relations. In general and with the Arab Gulf States in particular and some Arab countries with an influential economic depth and extending bridges of the relationship together to serve the opening of new horizons for communication and exchange of benefits and encourage Arab investment in Iraq and the development of infrastructure Banking technology, increasing inter-bank transactions and finding new ways of cooperating with correspondent banks in these countries.

Al-Nassiri said that the recent bilateral meetings between the Central Bank of Iraq and the relevant

 ministries and representatives of the Gulf countries who visited Iraq during the past year, especially the visit of the Saudi delegation to Iraq and the important contribution of the Iraqi private sector to the road map, In order to implement the implementation of a general framework for building and restoring the economic, financial and banking relations that have been broken for several decades. It was agreed to develop and open wide horizons for cooperation in the economic, He toured the bank and rectified the previous tracks and overcome all the obstacles that stand in the way of building sound banking relations, and is expected to be signed by Dr. Adel Abdul-Mahdi, the Prime Minister 13 memorandum of understanding with the Saudi side in all fields during his upcoming visit to the Kingdom of Saudi Arabia soon.

Al-Nasiri called for the need for joint banking cooperation with Saudi Arabia in all fields that promote, develop and develop foreign banking transactions, encourage and stimulate investment, build capacity, rehabilitate and train Iraqi banking cadres, open branches of Saudi banks in Iraq and the Iraqi banks project in Saudi Arabia.