GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

• Grand opening with guests representing government and the business community including Iraqi Prime minster representative and Adviser Dr Ihssan Al Hakim
• The building features modern working environment and will house 670 employees
• The new HQ is located in the heart of Baghdad on Al Rasheed Street, which holds a strong cultural and historic value
 

Dubai, United Arab Emirates - 26 June 2019:   Trade Bank of Iraq (TBI) officially opened its new headquarters in a special ceremony held today in Baghdad.
 
The opening ceremony was held in the presence of the Iraqi Prime minister representative and Adviser Dr Ihssan Al Hakim among other guests including Iraqi public, privet and international banks Directors, Government officials, Diplomats
 
Located in the heart of the city of Baghdad on Al Rasheed Street, which holds a strong cultural and historic value, the new headquarters wholly owned by the bank is designed to facilitate collaboration as it will bring 670 Baghdad-based employees of TBI under one roof for the first time.
 
The new HQ comprises of 5 floors with the ground floor set to provide banking services to customers while the remaining floors are dedicated to administrative work.
 
Walid Eidi, representative of Central Bank of Iraq Governor and the Central Bank Adviser said: “The opening of TBI's new headquarter is a major step as it increases the number of assets for the Iraqi government.
 
“This investment is in line with the government's 3-year National Development Plan which aims for an enhanced asset management among other policies to reach our targeted growth rate for 2022, reaping economic and social benefits for the people of Iraq.”
 
Faisal Al Haimus, Chairman and President, TBI, said “The new headquarters is a significant milestone for us. It is equipped with state-of-the-art infrastructure that will benefit both our employees and customers.
 
“Our new corporate headquarters, strategically located in the heart of Baghdad's city center, is equipped with the latest technologies and modern banking techniques, adopting safety measures in accordance with local and international standards.  
 
“It is designed to facilitate customer and employee experience and elevate it to the highest standards possible in line with our goals at TBI.”
 
This major milestone comes at the back of the opening of TBI's first international branch in Riyadh, Saudi Arabia. The branch in Saudi Arabia is aimed at developing and strengthening relations between the two countries as well as facilitating transactions for Iraqi nationals performing Hajj and Umrah.
 
The bank recently transferred over 90 million USD, 50% of their net profit for the year 2018, to State Treasury to support and strengthen the economy of Iraq.
 
TBI is making great strides towards reaching its strategic goals both in business and in assisting the ongoing reconstruction of Iraq as it continues to define its reputation as a competent institution with access to global financial networks.
 
As TBI moves forward with its strategic plan that will take the bank up to 2021, it continues to play a pivotal and influential role in Iraq's ongoing recovery and regeneration.

 



Posted by : GoDubai Editorial Team
Viewed 3934 times
Posted on : Wednesday, June 26, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : A Sharp Increase In Geopolitical Risk Could See GCC Banks Require Sovereign Support
Next Story : United Arab Bank named CX Innovator at Genesys G-Summit Middle East 2019
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Festival of Speed Celebrates Aston Martin's Racing History
T-Race Cycling Tour de France The Watch for Fans of Le Tour
Ink Your Lips This Summer With Artist Rouge Ink, Make Up for Ever's New Airlight...
Beauty On The Go with Amphis
Ermanno Scervino, The Perfume
Siemens to supply power equipment and services for 840 MW power plant in Iraq
Tonda 1950 Stone-set range'
Faces launches Next Generation stores in Mall of the Emirates, Dubai and Riyadh ...
Transform Your Bedroom and Sleep Like a King With Robinsons' Latest Bedlinen Col...
Computer & Power Technology Adds Cisco Collaborate Architecture Award to its Lis...
Contract signed: BMW Group and Daimler AG launch long-term development cooperati...
Colourful Anniversary Limited anniversary edition now available in new colors
3 ways to give your hair the power of plants, with 3 new highly concentrated hai...
The Network Gets Smarter, Simpler and More Secure with Artificial Intelligence a...
Dubai Customs discusses means of growth with members of Consultative Council
Carrefour rewards environmentally-conscious customers on International Plastic ...
Salvatore Ferragamo Presents Minuetto
Back to School with Marks & Spencer
Happy Eid with Corum Golden Bridge Round 39
DP Haute Joaillerie thématique 2019 – Les Ciels de Chaumet
Statement Handbags from GUESS
Parmigiani Fleurier Kalpagraphe Chronometre Titanium
Dubai-based Blue Ocean Group expands into UK distribution market ahead of Brexit
Mouawad unveils the Mouawad Dragon Yellow and White Diamond Suite, featuring the...
The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gö...
GEMS Education students excel in IB exams
Tissot Heritage 1973 The racing legacy
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Tec...
A Sensational Summer for Shoppers: Win a Water's Edge Apartment Worth Aed 1 Mill...
‘Legislative Needs Forum' discusses key elements of ‘Legislative Plan 2020' in l...
Samsung QLED 8K: How AI Upscaling Enables Truly Immersive Picture & Sound
Abu Dhabi Airports and Abu Dhabi Ports exchange knowledge and experience
Abu Dhabi Health Services Company (SEHA) implements smart pharmacy systems to im...
Spring Summer 2020 Collection
Dubai Customs explores more mutual trade with KSA
If the Shoe Fits
Bahrain hosts the 2019 MENA Regional High-Level Forum on Green Economy
Celebrated singer and composer Quratulain Balouch set to perform at Rajmahal The...
MoHAP Youth Council Interviews Zainab Al Bloushi “Winner of Happiness and Positi...
Ride Into the New School Year with the Coolest Gear
Ahmad Daham becomes first Arab drifter to participate in Drift Masters European ...
Union Coop Reports 20% Growth in Net Profit for the First half of 2019
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Pre...
Corporations' long-term success hinges on their business model supporting humani...
India's Union Budget – Comments from Dr. Azad Moopen, Founder Chairman and Manag...
GUESS - Floral Print
Dubai's leading school operator to launch Affordable IB School in Dubai- Ambassa...
IHG signs world's largest voco with Maad International in Saudi Arabia