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The Independent/- Economic circles have blessed the opening of a branch of the International Development Bank in Dubai, considering it a positive step on the path to developing the financial sector in Iraq.
A member of the Baghdad Economic Forum Jassem Al-Aradi described the opening of the Development Bank branch as an important step in being closely involved with international banks, given that Dubai hosts the best banks in the region and the world, pointing out that this friction adds something new to the performance of the Iraqi banking sector through the best representative of the Development Bank International.
At the time, the Governor of the Central Bank of Iraq, Mustafa Ghaleb, praised the efforts of the International Development Bank, and blessed the opening of the bank’s branch in Dubai
Ghaleb pointed out that it is an important step, as a private Iraqi bank occupies an important position within the UAE and Iraqi banking sector after obtaining the confidence of the Central Bank of the United Arab Emirates.
A ceremony was organized on this occasion, attended by the Governor of the Central Bank of Iraq, the Undersecretary of the UAE Ministry of Economy, the Dubai Chamber of Commerce, the Union of Arab Banks, the Association of Iraqi Private Banks, the ambassadors of countries accredited to the state, the Iraqi embassy, and a large number of Iraqi and foreign businessmen and investors at all levels.