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Economy News – Baghdad
The International Development Bank announced that it had obtained a license from the UAE Central Bank to open a branch in Dubai.
The bank said in a press statement, “The International Development Bank obtained a license from the UAE Central Bank to open a regional branch in the Emirate of Dubai and under the umbrella of the Central Bank of Iraq, which is the first private bank in the United Arab Emirates to be a center and a starting point for strengthening joint cooperation between the two countries and stimulating financial and trade exchange.” To serve the Iraqi economy in its public and private sectors.