Home
Jordanian Exporters Association hosted Basem Khalil Al-Salem Al-Chairman Capital Bank in an open meeting attended by a group of Jordanian businessmen and exporters interested in the Iraqi market in addition to Iraqi businessmen, were discussed during the meeting to the ways of seizing opportunities to export and development of Iraq
Where is Capital Bank's fourth-largest bank in Jordan in terms of capital a bank of Jordan only present in Iraq through bank Ahli Iraqi and who owns it accounted for 72% of its capital, which enabled him to build a strong network of relationships with various sectors, which seeks which to share his experiences in the Iraqi market with its customers and partners to provide all means of support for them to expand their business activities and development in the Iraqi market.
He reviewed the Salem export opportunities large Iraqi market in the light of the growing economic ties between the two countries and promising opportunities which, reinforced by his feature-owned by Capital Bank, which provides added value to the Jordanian businessmen in Iraq, as well as providing a window safe enable them to expand in the Iraqi market, and provides bridge Iraqis living in Jordan with their work and their interests in their homeland.
He praised Salem distinction historical relations between Jordan Iraq on the political and economic, which has seen a remarkable development in the past years, and represents the evolution in the increasing volume of trade exchange, import and export and trade passing, which is expected to increase to more than one reason, most notably the growing Iraqi oil production The kingdom's dependence on import part of its oil needs from Iraq and at a preferential price.
He pointed to the growth rate in the volume of Jordanian exports to Iraq «without re-exports» rose from 100 million in 2000 to 715 million in the year 2011 at a growth rate of 20% per year since 2007, until it reached a total value of over a billion dollars, yet it is below the level to which we aspire.
He noted that there are significant opportunities exist in the Iraqi market, we must work to exploit under-sized big items imported Iraq, reaching $ 44 billion in 2010 and grew including 22% in 2011, in addition to the budget, which was approved by the government Iraq for the current year 2012 and which motivate us to look at this budget and distribution sectors that focus, which amounted to $ 100 billion.
The Salem that the presence of Capital Bank in Iraq, contributed to the reduction of some of the challenges facing the business to work in the Iraqi market through the provision of number of services, including finance importers of goods in Iraq and transfer of payments to them in Jordan, in addition to issuing letters of guarantee for projects in Iraq, under the name of National Bank of Iraq, but coverage of Capital Bank and finance their projects in Jordan and the goods to be re-exported.
Salem pointed out that the bank launched a new service for Jordanian businessmen and Iraqis living in Jordan focused on providing the necessary information to exporters through specialized department in the Iraqi market would be responsible for business and provide them with opportunities for Iraq to export development of their territories.
He praised Omar Abu scarf Chairman Exporters Association Jordanian role Capital Bank in supporting Jordanian exports through the provision of services characteristic of this sector noting the importance of effective partnership between Capital Bank and National Bank of Iraq in promoting trade exchange between Jordan and Iraq, urged Abu scarf Jordanian companies on the need to take initiative to identify the opportunities available in the Iraqi market, where he was still this market one of the most important markets for Jordanian industries.
At the end of the meeting was to listen to the presentations and audience questions about ways to cooperate in order to grow their business in the Iraqi market and facilitate their business banking.
[You must be registered and logged in to see this link.]
Where is Capital Bank's fourth-largest bank in Jordan in terms of capital a bank of Jordan only present in Iraq through bank Ahli Iraqi and who owns it accounted for 72% of its capital, which enabled him to build a strong network of relationships with various sectors, which seeks which to share his experiences in the Iraqi market with its customers and partners to provide all means of support for them to expand their business activities and development in the Iraqi market.
He reviewed the Salem export opportunities large Iraqi market in the light of the growing economic ties between the two countries and promising opportunities which, reinforced by his feature-owned by Capital Bank, which provides added value to the Jordanian businessmen in Iraq, as well as providing a window safe enable them to expand in the Iraqi market, and provides bridge Iraqis living in Jordan with their work and their interests in their homeland.
He praised Salem distinction historical relations between Jordan Iraq on the political and economic, which has seen a remarkable development in the past years, and represents the evolution in the increasing volume of trade exchange, import and export and trade passing, which is expected to increase to more than one reason, most notably the growing Iraqi oil production The kingdom's dependence on import part of its oil needs from Iraq and at a preferential price.
He pointed to the growth rate in the volume of Jordanian exports to Iraq «without re-exports» rose from 100 million in 2000 to 715 million in the year 2011 at a growth rate of 20% per year since 2007, until it reached a total value of over a billion dollars, yet it is below the level to which we aspire.
He noted that there are significant opportunities exist in the Iraqi market, we must work to exploit under-sized big items imported Iraq, reaching $ 44 billion in 2010 and grew including 22% in 2011, in addition to the budget, which was approved by the government Iraq for the current year 2012 and which motivate us to look at this budget and distribution sectors that focus, which amounted to $ 100 billion.
The Salem that the presence of Capital Bank in Iraq, contributed to the reduction of some of the challenges facing the business to work in the Iraqi market through the provision of number of services, including finance importers of goods in Iraq and transfer of payments to them in Jordan, in addition to issuing letters of guarantee for projects in Iraq, under the name of National Bank of Iraq, but coverage of Capital Bank and finance their projects in Jordan and the goods to be re-exported.
Salem pointed out that the bank launched a new service for Jordanian businessmen and Iraqis living in Jordan focused on providing the necessary information to exporters through specialized department in the Iraqi market would be responsible for business and provide them with opportunities for Iraq to export development of their territories.
He praised Omar Abu scarf Chairman Exporters Association Jordanian role Capital Bank in supporting Jordanian exports through the provision of services characteristic of this sector noting the importance of effective partnership between Capital Bank and National Bank of Iraq in promoting trade exchange between Jordan and Iraq, urged Abu scarf Jordanian companies on the need to take initiative to identify the opportunities available in the Iraqi market, where he was still this market one of the most important markets for Jordanian industries.
At the end of the meeting was to listen to the presentations and audience questions about ways to cooperate in order to grow their business in the Iraqi market and facilitate their business banking.
[You must be registered and logged in to see this link.]
