Tuesday, December 17, 2024

Iraq assumes presidency of Arab Investment Company’s Executive Board, 18 dec

Iraq assumes presidency of Arab Investment Company’s Executive Board

INA-  Baghdad


The Iraqi Embassy in Libya announced today, Tuesday, that Iraq assumed the presidency of the Executive Board of the Arab Investment Company in 2025.

Chargé d’affaires ad interim of the embassy Ahmed Al-Sahaf told the Iraqi News Agency (INA) that “in a prominent diplomatic step, Iraq succeeded in assuming the presidency of the Arab Investment Company during the sixty-third session of the Arab Economic and Social Council, which was held in the Jordanian capital Amman, to return to this position after an absence of 32 years,” noting that “Iraq has not been able to obtain the presidency of the aforementioned company since 1992.”

It is clear that “this achievement came in accordance with the joint coordination between the Ministries of Foreign Affairs and Industry and within the priorities of the government program of His Excellency Prime Minister Muhammad Shia Al-Sudani, and the emphasis of Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein on repositioning Iraq’s role in regional and international organizations, within the multilateral diplomatic track, as well as the strategic planning and management that the Iraqi Ministry of Industry carved towards it, and in accordance with productive diplomacy, through intensive efforts led by the Iraqi Embassy in Tripoli headed by the Chargé d’affaires Ahmed Al-Sahaf, who was able to obtain decisive Libyan support to strengthen Iraq’s candidacy, through coordination with the head of the Investment Commission in the State of Libya, Abdul Hakim Al-Fitouri, who gave the vote of Libya to the Iraq it needed to decide winning the post.  

He noted that “Iraq hosted the meetings of the company’s executive board in 2025 in Baghdad, a step aimed at strengthening Arab cooperation in the fields of industry and infrastructure, and consolidating Iraq’s position as a pivotal industrial center.”

No comments:

Post a Comment

IRAQI BANK FRIEND AKI UPDATE: " Chase is going to be the largest player in the exchange of the Iraqi dinar" , 19 DEC

   Walkingstick     [Iraqi bank friend Aki update]  WAlKINGSTICK:    How do you feel about Chase Bank being in your country ?   AKI:  It...