In a significant move to boost economic cooperation and reinforce Iraq’s economic stability, Prime Minister Mohammed Shia’ Al-Sudani met with the leadership of Arab Bank. The high-level meeting marked another step toward deepening Iraq’s stability through international banking partnerships.
Arab Bank’s Chairman, Sabih Al-Masri, led the delegation during this important visit. They discussed opening a new branch in Baghdad and expanding financial involvement in Iraq. Arab Bank plans to finance several key investment projects across the country, which could further support Iraq’s economic stability.
Prime Minister Al-Sudani welcomed this renewed cooperation. He stated that Arab Bank holds a long-standing presence in Iraq. Its operations in the country date back nearly eighty years. The bank’s return signals strong confidence in Iraq’s economic stability and long-term development goals.
During the meeting, the Prime Minister stressed the importance of foreign banks in Iraq’s growth strategy and broader economic resilience. He encouraged Arab Bank to take an active role in funding infrastructure, housing, and renewable energy projects. He also urged them to support new startups and small businesses, contributing to a stronger and more diversified economy.
In addition, Al-Sudani emphasized the government’s ongoing support for both local and foreign banks. He affirmed that Iraq offers a secure and stable environment for international finance. The government remains fully committed to creating the right conditions for investment, which is essential for enhancing Iraq’s economic stability.
Arab Bank’s leadership showed strong interest in contributing to Iraq’s economic stability. They expressed readiness to expand their banking services across the country. Their goal is to help create new jobs, offer credit to investors, and support nationwide development efforts.
Moreover, the bank wants to introduce new digital financial services. These services aim to support both individual clients and companies. Arab Bank plans to invest in local talent and banking technologies to improve customer experience, aligning with the broader goal of strengthening Iraq’s financial sector.
This partnership arrives at a time when Iraq is working hard to rebuild its financial sector. Officials hope this cooperation will lead to greater investor confidence and long-term economic growth. The government views the Arab Bank as a valuable ally in reaching these goals and reinforcing Iraq’s economic stability.
Through this renewed collaboration, Iraq is signaling its openness to international partners. It also aims to attract more foreign capital and expertise. The repeated focus on Iraq’s economic stability highlights the country’s priority to become a trusted regional financial hub.
