The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, affirmed the UAE's commitment to enhancing its strategic partnership with Iraq in all areas, particularly in trade and investment relations in priority sectors. During his visit to the headquarters of the Iraqi Middle East Development Bank in Dubai, Al Zeyoudi stated, "There is a mutual interest in developing economic relations that serve our common interests and provide more opportunities for the business community and the private sector in both the UAE and Iraq, which has positively reflected in the data on non-oil bilateral trade and mutual investment flows."
During the visit, both sides reviewed files of mutual interest and the vital role played by the "Iraqi Bank" in strengthening trade and investment ties between the UAE and Iraq, as well as cooperation pathways to increase promising partnership opportunities between the business communities of the two brotherly countries. They also aimed to develop strategic cooperation methods to enhance trade and investment in priority sectors.
Al Zeyoudi learned about the bank's plans and what its Dubai branch has achieved over its year and a half of establishment, successfully managing about 10% of the trade volume between the two countries, which exceeds $27 billion annually.
