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Al Zeyoudi stated: “Both parties are keen on further developing economic ties to serve
the mutual interests of the two countries, and offer additional opportunities for
entrepreneurs and the private sector in both markets. This commitment has positively
reflected in the data depicting intraregional non-oil trade and the flow of mutual
investment projects.”

Several common-interest topics were also covered, including cooperative efforts to

foster promising business opportunities between the two countries and develop new
means for strategic collaboration to boost trade and investments in key sectors.

Al Zeyoudi had the chance to review the Bank’s future plans and the achievements of
its Dubai branch within a year and a half of its inception, notably its success in
managing 10 per cent of all trade transactions between the UAE and Iraq, exceeding

$27 billion yearly.

International Development Bank is the first Iraqi banking institution to open a branch in
the UAE, cementing its status as a solid economic and business bridge connecting the
Emirati and Iraqi markets.

https://www.khaleejtimes.com/business/uae-affirms-close-business-ties-with-iraq