International Development Bank is now in UAE, says CBI

INA - BAGHDAD 

Governor of the Central Bank of Iraq - CBI, Mustafa Ghalib Mokhif, launched the branch of the International Development Bank of Iraq in UAE.

"We feel happy and proud when we see one of our banks occupying a position within the UAE banking sector after obtaining the confidence of the Central Bank of the United Arab Emirates," according to a statement by CBI, received by the Iraqi News Agency - INA.

The statement included, "this is an important event on which we build our hopes for our banks' participation with this vibrant sector in the brotherly country."