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Invitations to open branches of British banks in the country
Date: Thursday, 16.02.2012 8:51
Baghdad / range
called on Deputy Prime Minister for Energy, Hussain al-Shahristani Britain to its banks to open branches in Iraq to facilitate the work of foreign companies, while Britain confirmed its quest to encourage its enterprises to enter the Iraqi market. Shahristani said in a statement issued by his office on the sidelines of a meeting, Chief Executive of trade and investment in Britain, Nicholas Bird, "The foreign companies operating in Iraq need to facilitate their work, funding and therefore the British banks could play an active role in this area," calling on the British side to "banks to open branches in Iraq."
Shahristani stressed "the need to contribute to British companies in the reconstruction of Iraq in various fields, especially in energy and electricity, as well as strengthening economic relations between the two countries and development." For his part, Byrd, according to the statement about "his country's desire to deepen relations between the two countries", stressing that it "will work to encourage British companies to enter the Iraqi market for investment in all areas and to participate in the reconstruction of Iraq." The British Foreign Secretary David Miliband made during his visit to Iraq in February 2009, talks with senior Iraqi officials, aimed at developing relations between the two countries in various fields, particularly economic ones. Iraq has held an investment conference earlier in a number of countries in the world, including the conference in London (April 30, 2009), where Iraq offered more than 500 investment opportunities in the London Conference, and the participation of more than 250 British companies and foreign countries. The Ministry of Oil signed in November 2009, a contract with a consortium of British and Chinese companies to develop the Rumaila oilfield in southern Iraq in the first round of licenses.
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