emiratiiraqi team to be formed to facilitate bilateral investments
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Emirati-Iraqi team to be formed to facilitate bilateral investments

Arab Today, arab today

Arab Today, arab today Emirati-Iraqi team to be formed to facilitate bilateral investments

Emirati-Iraqi team to be formed to facilitate bilateral investments
Abu Dhabi - Arab Today

Sultan bin Saeed Al Mansoori, UAE Minister of Economy, has discussed the need to strengthen joint efforts to raise the level of economic, trade and investment cooperation between the UAE and Iraq with Mohamed Shi'a Al-Sudani, Minister of Industry and Minerals of the Republic of Iraq, during a meeting held recently in Abu Dhabi.

The two parties agreed to form a joint working team, or technical committee, to enhance investment cooperation and to identify related priorities in vital sectors of Iraq as it undergoes reconstruction. The proposed group will facilitate the necessary procedures and address the challenges that may be faced by UAE companies and investors wishing to enter the Iraqi market. The formation of a joint business council for promoting cooperation between the business communities of both countries was agreed upon as well.

The meeting was attended by Abdullah Al Saleh, the UAE Ministry of Economy’s Under-Secretary for Foreign Trade and Industry, Mohammed Thani Murshid Al-Rumaithi, Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Abu Dhabi Chamber of Commerce and Industry, and Juma Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy. Other officials from the Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry, as well as members of the Iraqi delegation, were also present.

Mr. Al Mansoori emphasised the UAE’s commitment to enhancing cooperation with Iraq in all fields, particularly those involving economic, investment and commercial collaboration. He also noted the country’s desire to raise the level of trade exchange in light of the possibilities and opportunities available in both countries.

He pointed out the reliance on the private sector to push forward bilateral relations through investments and joint projects, noting that the UAE’s private sector comprises several major companies involved in various highly productive investment and service sectors. He added that the UAE has accumulated the necessary expertise and capabilities to help expedite the development and reconstruction of Iraq.

The Minister also referred to possible and very promising opportunities for cooperation in the field of small- and medium- sized enterprises, SMEs, noting that enhancing cooperation in this area can be achieved through the signing of a Memorandum of Understanding. He explained that the UAE has made great achievements in broadening the role of this sector and supporting entrepreneurs.

Al Mansoori went on to highlight the possibilities and opportunities for bilateral cooperation in the field of innovation, noting that the UAE has launched a National Innovation Strategy which aims to make the state one of the most innovative countries in the world by 2021.

Mr. Al-Sudani stressed the keenness of the Republic of Iraq to enhance its economic, investment and trade cooperation with the UAE and to increase the volume of their trade exchange in light of the mutually beneficial opportunities and possibilities their countries offer.

He pointed out that amidst its stage of economic recovery and reconstruction, Iraq will be relying heavily on the UAE, its private sector and investors, especially in terms of benefiting from their expertise, potentials and capabilities, He emphasized that UAE investors are very welcome in Iraq and will be given high priority.

The Iraqi Minister expressed the desire of Iraqi companies to take advantage of the ideal trade position of the UAE to re-export their products through the country, given its extensive experience and capabilities in this regard.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emiratiiraqi team to be formed to facilitate bilateral investments emiratiiraqi team to be formed to facilitate bilateral investments

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

emiratiiraqi team to be formed to facilitate bilateral investments emiratiiraqi team to be formed to facilitate bilateral investments

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 20:25 2017 Thursday ,21 December

AD Police raise readiness level to deal with emergencies

GMT 21:17 2017 Tuesday ,01 August

Chandimal to lead Sri Lanka recovery bid

GMT 04:52 2014 Tuesday ,01 April

February 18 - March 19

GMT 19:37 2013 Monday ,07 October

Small bathroom interior design ideas

GMT 19:00 2017 Monday ,27 November

UAE budget ensures continued development

GMT 10:28 2018 Monday ,22 January

Uggs, pigs and tartan

GMT 20:03 2016 Thursday ,21 January

Sisi, Xi inspect monuments of Luxor Temple

GMT 05:07 2014 Thursday ,15 May

US crude production climbs to 28-year high

GMT 13:15 2017 Saturday ,23 December

US suspends military cooperation with Russia

GMT 17:53 2017 Thursday ,26 January

Another Bird Flu Outbreak Confirmed in Japan

GMT 02:09 2017 Wednesday ,25 October

Jul24/Aug23

GMT 08:40 2017 Saturday ,16 September

'Not serious' Kyrgios pulls Aussies level in Davis Cup

GMT 22:50 2017 Thursday ,26 October

Boeing keeps tough line on Bombardier as earnings fall

GMT 07:45 2016 Wednesday ,18 May

Fighting against terrorists top priority in Syria

GMT 06:09 2017 Monday ,25 September

Federer leads Europe to maiden Laver Cup title

GMT 05:45 2017 Thursday ,16 March

Tourists head back to Europe

GMT 21:35 2016 Sunday ,06 November

Voting Begins in Bulgaria's Presidential Election
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday