SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summit

Dubai, February 26, 2020:   Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.

Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector.

It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts. 

TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to rebuild. 

Commenting on TBI’s participation at the GTR MENA summit Faisal Al Haimus, Chairman & President of Trade Bank of Iraq said: “We have seen a lot of success in the recent years and are on the path to bigger things. Our presence at the GTR is a reflection of our ambition to earmark our presence outside Iraq.

“TBI’s total assets has recorded an increase of 27% and our net profits has seen an increase of 68% in the year 2019 compared to the previous year and we are committed to build on this growth.  

“We are working on the growth and expansion of our operations and will be soon making a few announcements in the coming days.”

TBI is currently working on expanding its network domestically & Internationally to diversify the sources of revenue from retail banking in Iraq to international operations in order to achieve a 30% compounded annual growth rate envisaged in the bank's business plan for 2020-22.

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 8570 times
PR Category : Banking & Investments
Posted on : Wednesday, February 26, 2020  3:49:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
AIGNER - Mother's Day [20110-Views]
Cerruti 1881 - Special Product Launch for Mother's Day [19258-Views]
Sephora: Are You Ready to Join the #SephoraSquad? [18946-Views]
Why User Experience is Essential for Travel Business Growth? [17843-Views]
TBO Holidays Hotel XML API Integrated with TassPro and Itinerary HomePR & EventsTBO Holidays Hotel X... [17355-Views]
Rate Hawk is Live with Global Innovations Flagship Product TassPro and Itinerary [15080-Views]
Discover the Secret to Radiant Skin [14362-Views]
Expedia Partner Solutions (EPS) Partnered with Global Innovations [14297-Views]
Darussalam Launches New Website to Increase Market Reach [13325-Views]
The Season of Fashion Revival with AIGNER [10439-Views]
Trade Bank of Iraq Showcases Investment Opportunities in Iraq at Global Trade Review MENA 2020 Summi... [8376-Views]
Kristina Fidelskaya Press Release AW2020 [7786-Views]
Forrey & Galland Launches a New Concept in Saudi Arabia [7134-Views]
Bosch Celebrates the Opening of It's Largest Flagship Store in the Middle East [4838-Views]
Saudi Arabian Military Industries to Showcase Opportunities Within KSA Defence Sector at Global Aero... [4789-Views]
Etihad Airways to Operate Special Flights From Al Ain to Jeddah During Ramadan [4666-Views]
Honeywell, Saudia Aerospace Engineering Industries Lead the Way in Middle East Aircraft Maintenance [4506-Views]
Arla Foods Introduces New Baby&me Organic Products to Saudi Arabian Market [4391-Views]
Kingdom of Saudi Arabia Leads with World's First National Hyperloop Study, in Partnership with Virgi... [4141-Views]
UK's Georgia Hall Amongst Golf Stars Confirmed to Compete in Saudi Ladies International Next Month [3669-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories