PM advisor: Middle East Bank will open the door to investments in Iraq

INA – BAGHDAD
 
The technical advisor to the Prime Minister, Haitham Al-Jubouri announced on Monday, that the proposal of the Middle East Bank for joint investments will be an investment portfolio, while noting that the stages of approving the budget need a long time, which may not be enough for the remainder of the year to complete it.
 
"The establishment of the Middle East Bank for Joint Investments is very important and may reflect positively on Iraq in the first place, because Iraq has great opportunities for investments," said Al-Jubouri in a statement to Al-Iraqiya News TV, followed by the Iraqi News Agency – INA.
 
He noted that "this bank will have branches in Countries that share their money in it, and the process of transferring money will be easy."
 
“The bank will be an investment portfolio, and is a wonderful experience that exists in most countries of the world. The Iraqi funds that will be in this bank are protected," he explained.
 
Regarding submitting the budget law, al-Jubouri clarified that "the stages of approving the budget need a long time, and the remainder of the year may not be enough to complete it."