The Prime Minister Directs Financial And Banking Institutions To Cooperate With Arab And Foreign Investors.
Yesterday, 22:48 Baghdad – INA Prime Minister Mohammed Shia al-Sudani directed financial and banking institutions, on Sunday, to cooperate with Arab and foreign investors to serve Iraq and support the economy.
The Prime Minister’s media office stated in a statement received by the Iraqi News Agency (INA), that “Prime Minister Mohammed Shia al-Sudani attended the opening of the Arab Bank-Iraq, which is contributed by Iraqi, Arab and foreign capital.”
Al-Sudani stressed, according to the statement, that “the opening of this bank, with the contribution of an elite group of Arab and foreign investors, both individuals and institutions, represents a clear affirmation of confidence in the Iraqi economy, the work accomplished during the past period, and the business environment that is attractive to investment.”
He explained that “the presence of the Arab Bank of Iraq represents a strategic addition to the national banking sector, and is a model for the modern, effective banking institutions we aspire to, capable of providing advanced services that contribute to financing sustainable development.”
He emphasized the “need to stimulate the financing of diverse investment projects and opportunities, in light of the presence of a bold and capable Iraqi private sector that understands the intricacies of the investment environment.”
Al-Sudani pointed out that “it is important for there to be cooperation between the Arab Bank-Iraq, national banking institutions, government agencies, the private sector, and Arab and foreign investors, in order to utilize existing financial capabilities and banking expertise to support government programs and development projects.” https://ina.iq/ar/economie/246554-.html
Rafidain: Partnership With The Central Bank And The Payments Council Is A Successful Model For Managing Financial Transformation.
Yesterday, 20:35 Baghdad – INA Rafidain Bank announced on Sunday that its partnership with the Central Bank and the Payments Council is a successful model for managing financial transformation, while indicating a move toward an integrated digital financial system.
The bank said in a statement received by the Iraqi News Agency (INA), “The bank’s general manager, Ali Karim Hussein Al-Fatlawi, participated in the regular meeting of the Iraqi National Payments Council, which was held at the headquarters of the Central Bank of Iraq, headed by the Central Bank Governor, Ali Mohsen Al-Allaq, and attended by representatives of ministries, government institutions, and the financial and banking sectors.”
Al-Fatlawi said, according to the statement, that “the bank is proceeding with confidence in its strategic partnership with the Central Bank and the National Payments Council to develop the digital payments infrastructure and consolidate the transition to a national economy based on financial inclusion and technological innovation.
” He stressed that “the bank is working to strengthen its role as a key driver of the digital transformation of the Iraqi banking sector by investing in modern financial technologies and expanding the electronic payment services network, in line with the national vision led by the Central Bank and the Payments Council to build a more efficient and transparent financial system.
” He explained that “the bank attaches great importance to developing the technological infrastructure of its banking systems, enhancing cybersecurity and data protection, and spreading the culture of financial awareness among citizens, especially youth and students, as they are the targeted generation in the transition to digital banking services.”
He pointed out that “the close partnership between the Central Bank, the Payments Council, and Rafidain Bank represents a successful model of institutional integration in managing financial and digital transformation in Iraq,” stressing that “the bank will continue to play its leading role in empowering the national banking sector and expanding the base of financial inclusion, enhancing economic stability and serving sustainable development.” https://ina.iq/ar/economie/246545-.html
The Governor Of The Central Bank Of Iraq Meets With The Director Of GIZ In Iraq
October 26, 2025 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad the Country Executive Director of the German Agency for International Cooperation (GIZ) in Iraq, Mr. Axel Klaphak.
The meeting discussed the agency’s projects in the fields of finance, entrepreneurship, skills development, and financial infrastructure.
His Excellency the Governor began by discussing the “Strengthening Public Finance and Financial Markets (FFM)” projects.
Project Manager Tobias Langa and FFM Project Advisor Hussein Al-Maamouri provided a comprehensive explanation of
how to increase financing and borrowing for small and medium-sized entrepreneurial projects and facilitate procedures.
Executive Director Mr. Kalbhaka expressed his deep gratitude to His Excellency the Governor of the Central Bank
for his essential and effective role in supporting small and medium-sized enterprises in Iraq by providing financing and facilitating procedures. Central Bank of Iraq Media Office https://cbi.iq/news/view/3027
The Governor Of The Central Bank Receives The CEO Of Al Baraka Bank Bahrain.
October 26, 2025 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad the General Manager and CEO of Al Baraka Bank Bahrain, Dr. Adel Salem, and his accompanying delegation.
His Excellency discussed the recent reforms in the Iraqi banking sector and their impact on enhancing confidence in the banking environment and financial transactions.
Mr. Salem discussed opportunities for expansion in the Iraqi market and ways to enhance joint banking cooperation with Gulf banks, with the possibility of opening doors to cooperation with the bank through training and qualification for Iraqi bank employees to gain successful experiences between the two parties. Central Bank of Iraq Media Office https://cbi.iq/news/view/3028
The Governor Of The Central Bank Of Iraq Chairs The Regular Meeting Of The Iraqi National Payments Council.
October 26, 2025 His Excellency the Governor of the Central Bank of Iraq and Chairman of the Iraqi Payments Council, Mr. Ali Mohsen Al-Alaq, chaired the regular meeting of the Iraqi National Payments Council.
The meeting was held at the headquarters of the Central Bank of Iraq and attended by council members, including central bank officials, representatives of ministries and government agencies, and the private sector, in addition to representatives of financial and banking institutions, such as public and private banks and electronic payment service providers.
During the meeting, several important topics were discussed, most notably the Central Bank of Iraq‘s initiatives to develop the technical, legislative, and regulatory infrastructure for payment systems and financial technologies.
Discussions focused on ways to expand the adoption of electronic payment tools and channels in ministries, government institutions, and the private sector, in line with the government’s strategic vision in this regard.
Council members emphasized the importance of supporting efforts aimed at spreading financial and banking awareness and culture among all segments of society, as well as the importance of protecting society from cyber risks and raising awareness of the dangers of financial and digital fraud.
The Chairman and members of the Council discussed the level of development of the digital infrastructure and financial services provided by government banks, as they are among the fundamental pillars of digital transformation and the development of financial services.
The recommendations focused on expanding the use of payment and financial technology in the education sectors, ways to support students and youth, and supporting financial and banking awareness initiatives directed at them.
It is noteworthy that the Iraqi Payments Council aims to coordinate efforts and achieve cooperation in the areas of national payments and electronic payments between legislative and regulatory authorities, executive institutions in the public and private sectors, and financial and banking sector institutions. Central Bank of Iraq Media Office https://cbi.iq/news/view/3026
Al-Sudani Issues Directives To Financial And Banking Institutions.
Baghdad Today – Baghdad Prime Minister Mohammed Shia al-Sudani directed, on Sunday (October 26, 2025), governmental and private financial and banking institutions to enhance cooperation with Arab and foreign investors, in a way that serves the interests of Iraq and supports the building of a strong, diversified, and sustainable economy.
Al-Sudani’s media office stated in a statement received by Baghdad Today that “this came during his attendance at the opening ceremony of the Arab Bank – Iraq, in which Iraqi, Arab and foreign capital contributes,” stressing that “the opening of this bank represents an embodiment of investor confidence in the Iraqi economy and the attractive business environment that has been established during the past period, pointing out that the presence of the bank is a strategic addition to the national banking sector and a model for modern financial institutions capable of providing advanced services and financing sustainable development projects.”
The Prime Minister explained that “the success of this project requires cooperation between the Arab Bank of Iraq, national banks, government agencies, and the private sector, in order to leverage financial capabilities and banking expertise to support government programs and development projects.”
He stressed that “the government is proceeding with reforming the financial and banking system and transforming it from a single-source rentier economy to a diversified and sustainable economy based on natural resource investment.
He explained that “these reforms were implemented despite their significant social and political costs, and contributed to raising the level of credibility with international financial institutions and creating a safe and attractive financial environment for investment.
” He added, “Iraq is witnessing a phase of real development and vast investment opportunities across various sectors, emphasizing the need for modern digital banking services that meet the needs of individuals and institutions and keep pace with global developments in banking.”
Al-Sudani concluded by emphasizing that integration between Iraqi financial institutions and Arab and foreign investors represents a fundamental step toward enhancing economic growth and consolidating financial stability in the country. https://baghdadtoday.news/285990-.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com
