######Central Bank to join the membership of the Islamic Corporation for the Insurance of Investment and Export Credit

Published in: 3:45 pm, April 9, 2013 by jamal
Central Bank

BAGHDAD (Iba) ... the Iraqi Central Bank announced the approval of the government on Iraq's accession to membership of the Islamic Corporation for the Insurance of Investment and Export Credit, pointing out that the decision will contribute to the increase of Iraqi exports and the inflow of foreign investments.

The bank said in a statement received by the independent press (Iba) ... today that "the Iraqi government has agreed to join the membership of the Islamic Corporation for the Insurance of Investment and Export Credit (institution)," adding that "the company has agreed to accept Iraq is a member."

The bank added that "the decision will contribute to increased Iraqi exports and the inflow of foreign investments to him, as well as protecting Iraqi investments in the Member States of the institution."

Islamic Foundation aims to secure investment and export credit which is located the headquarters of the Foundation's head office in the city of Jeddah, Saudi Arabia to expand the framework of commercial transactions and encourage the flow of investments between the Member States in accordance with Islamic law.


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Economist: Iraq's accession to membership of the Islamic Corporation for the Insurance of Investment will contribute to attracting foreign investment to the country
10-04-2013 12:25 PM


Baghdad (news) .. Said a specialist in economic affairs Ismail Radi, that Iraq's accession to membership of the Islamic Corporation for the Insurance of Investment and Export Credit will increase Iraqi exports and attract international companies to invest in the country.

Radi said (of the Agency news): The Islamic Foundation specialized for the Insurance of Investment and Export Credit is one of the international institutions that maintain the rights of investors in all countries of the world, as well as it gives great features to attract foreign investment to countries.

He added: Iraq to get full membership in this organization will increase its non-oil exports and to attract foreign investment to the country, in addition to protecting Iraqi investments in the member states of the institution, stressing that Iraq's accession is a positive step towards the development of the national economy.

This was announced the Central Bank of Iraq, for government approval on Iraq's accession to membership of the Islamic Corporation for the Insurance of Investment and Export Credit, pointing out that the decision will contribute to the increase of Iraqi exports and the inflow of foreign investments.

Islamic Foundation aims to secure investment and export credit which is located the headquarters of the Foundation's head office in the city of Jeddah, Saudi Arabia to expand the framework of commercial transactions and encourage the flow of investments between the Member States in accordance with Islamic law. / End / 8.. /


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