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Clare » January 14th, 2025
Economist describes the establishment of the first Rafidain Bank as an excellent step
1/14/2025 Baghdad
Economic expert, Mustafa Akram Hantoush, described the establishment of the first Rafidain Bank as an “excellent step.”
Yesterday, Monday, the Council of Ministers decided to establish the First Rafidain Bank with a capital of one trillion dinars and a government participation rate of 24%.
Hantoush told Al-Eqtisad News, “Establishing the First Rafidain Bank is an excellent step, especially since it will be a mixed sector company.”
He added that the new bank will help the state enhance its payment and electronic transaction capabilities, in addition to assisting the Trade Bank of Iraq in transfers and credits. LINK
Al-Sudani discusses with the British King establishing a “productive partnership” between Baghdad and London
1/14/2025
The Minister Mohammed Shia al-Sudani discussed today, Tuesday, with the King of the United Kingdom, Charles III, establishing a “productive partnership” between Baghdad and London.
A statement by the Prime Minister’s Office received by Shafaq News stated that “Al-Sudani met today, Tuesday, with the King of the United Kingdom, Charles III, at Buckingham Palace in the British capital, London. During the meeting, bilateral cooperation between Iraq and the United Kingdom was reviewed, as well as ways to establish a productive partnership in various economic and development fields.”
The statement added that “the meeting discussed cooperation in the field of confronting the challenges of climate change, and opportunities to enhance cultural cooperation.”
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According to the statement, Al-Sudani expressed his “appreciation for the official invitation he received to visit Britain,” stressing “Iraq’s determination to consolidate constructive bilateral relations in various fields, in a way that enhances the mutual and sustainable interests of the Iraqi and British peoples.”
For his part, King Charles III welcomed Al-Sudani, pointing out “the depth of the historical relationship between Iraq and Britain, and the prominent importance that the governments of the two countries attach to developing common interests and understandings at various levels.” LINK
Source: Dinar Recaps
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