Economic event: Jordan Businessmen Association Delegation Visits The Iraqi Business Council

A delegation of members of the Jordanian Businessmen Association namely PM Engineer Abdul Rahim Al-Biqaie, Association Secretary-General, and Board members; Mr. Michel Nazzal, Engineer Yusri Tahboub, Association member, Engineer Abdul Rahman Abu Dahar, and the Association Chief Executive Officer Mr. Tariq Hijazi visited the Iraqi Business Council on Sunday September 11th 2022.

They were received by IBC Deputy Chairman and Secretary-General, Dr. Saad Naji, IBC Board member Mr. Mekki Al-Faiz and IBC Director General.

The meeting aimed at discussing relations between the two sides and mechanisms of future bilateral cooperation, in addition to a number of issues, as well as a number of issues of concern to the business community on both sides.

During the meeting, Dr. Saad Naji affirmed that the Iraqi – Jordanian economic relations maintained their strength during the previous yeas despite all previous regional challenges, pointing out that the Iraqi investors in Jordan enjoy a number of investment advantages provided by the investment law, along with a package of incentives and exemptions.

Dr. Naji also pointed out that the Iraqi Business Council, which was established in 2006, includes among its members a group of elite Iraqi businessmen, numbering to 400 businessmen, representing nearly 3200 companies, who own various investments in various economic sectors mainly tourism, industry and general trade sectors.

The Iraqi Business Council aims to maintain continuous networking between the two countries.

During the meeting, it was agreed to sign a memorandum of understanding that strengthens joint cooperation between the two sides in all fields, especially in the tourism field to promote Iraqi investment in Jordan in this qualitative sector.

Economic event: IBC Signs a Cooperation Agreement with Jordan INTAJ Association for Communications & Information Technology At IBC Head Office

A Cooperation Agreement was signed at IBC offices on Wednesday August 31st 2022 between the Iraqi Business Council in Jordan and Jordan (INTAJ) Association for Communications and Information Technology, which is a leading Association in Communications and Information Technology in Jordan and the Middle East.

IBC Deputy Chairman & Secretary General, Dr. Saad Naji, signed the Agreement on behalf of IB and the Association’s Chairman, Mr. Amjad Sweiss, signed on behalf of INTAJ Association in the presence of IBC Director General, Mrs. Abeer Al-Naib and INTAJ Chief Executive Officer, Mr. Nidal Bitar, and attendance of representatives of IBC member companies; Mr. Hussein Al-Kurd / Al-Mustashar Engineering Company, and representatives of Al-Jazeera Group.

The Agreement aims at strengthening cooperation between IBC member companies and INTAJ companies, promoting joint cooperation with regard to organizing conferences and activities that would serve both sides, in addition to organizing periodic meetings to discuss available business and investment opportunities and strengthen bilateral cooperation between members on both sides. During the ceremony, it was agreed to invite members of the Iraqi Business Council to participate in the “Communications Conference”, which will be held in the Dead Sea under patronage of His Majesty King Abdullah II Bin Al-Hussein where over 80 senior experts and specialists from 28 states will participate in this important event.

We congratulate members of the Iraqi Business Council for signing this Agreement that will serve and develop the businesses of IBC member companies.

Economic event: IBC Holds a Workshop Entitled “Strategic Transformation in E-Commerce”

The Iraqi Business Council held on Wednesday August 24th 2022 a Workshop entitled “Strategic Transformation in Electronic Commerce” which was directed by the Economic Researcher of the Strategic Planning Department in Jordanian Ministry of Industry & Trade, Mr. Muhammad Samara.

During the Workshop, Mr. Samara presented an overview on electronic commerce, its importance in developing the businesses of companies, and talked about the advantages of using the social media in corporate advertisement, considering them only advertising platforms and not strategic transformation for companies.

IBC Deputy Chairman & Secretary, General, Dr. Saad Naji, welcomed the audience and discussed with Mr. Samara the effectiveness of electronic management in achieving institutional creativity in business institutions, stressing the need for business organizations to keep pace with the technological development by changing their strategy to shift from traditional to electronic management by using modern information and technology in management.

The meeting was attended by IBC Deputy Chairman & Secretary General, Dr. Saad Naji, IBC Director General and staff and several guests from economic institutions and private sector companies.

 

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan. Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.

Economic event: Press News on the Meeting Held between IBC Delegation & Head and Members of the Parliamentary Economy & Investment Committee At the Jordanian Parliament.

We attach to you on the following links of the press news published in a number of electronic news websites on the meeting that took place on Tuesday August 9th 2022 at the Headquarters of the Jordanian Parliament between the delegation of the Iraqi Business Council comprising of IBC Vice Chairman & Secretary General, Dr. Saad Naji, IBC Board member, Mr. Mekki Al-Faiz and a number of IBC members; Mr. Abdul Rahman Thabit Al-Ani, Mr. Ahmad Al-Amili, Mr. Aqeel Al-Hadi, Dr. Faris Al-Safi and representatives of IBC member companies; Mass Holding Group, Al-Zawraa Industrial Company, IBC Director General and members of the Parliamentary Economy & Investment Committee.

 

 

– وكالة بترا للأنباء.

– موقع نبض.

 

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan. Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.

The one who carried out the mission of founding is an elite of Iraqi businessmen of recognized competence and abilities. and since the Council’s inception in late 2006, members have worked towards efforts to support Iraqi investments in Jordan. as well as coordination and cooperation with official entities, to find solutions and proposals to overcome obstacles and constraints facing investors s economic, investment and trade cooperation between Jordan and Iraq.

Economic event: IBC Deputy Chairman & Secretary General Participates In a Speech on Joint Investment Supportive Environment

IBC Deputy Chairman & Secretary General, Dr. Saad Naji, participated on Sunday August 7th 2022 in a speech on the Joint Investment Supportive Environment in the Innovative Dom Forum for Advancement & Sustainable Development (Fourth Edition), which was held in the Movenpick Hotel – Amman.

Head of Public Relations Department in the Interior Ministry, Major General Saad Maan, also participated in the meeting.

During the meeting, Dr. Saad Naji reviewed the volume of Iraqi investment in Jordan, the momentum of this investment in several vital sectors including tourism, real estate development, all types of industries and the financial and banking sectors.

He also talked about the achievements realized by IBC in serving investors and strengthening economic relations between Iraq and Jordan by promoting a number of key strategic projects between the two countries; the most of important of which the Iraqi – Jordanian Pipeline Project (Basra – Aqaba) and the twinning agreement between Basra and Aqaba Ports and the major role IBC played in strengthening Iraqi investment in Jordan, in addition to its role in promoting investment in Iraq.

During the opening ceremony, the First Deputy Speaker of Jordan Parliament, Mr. Ahmad Al-Safadi, acting on behalf of the Speaker of Parliament, and in the presence of the Iraqi Ambassador to Jordan, Mr. Hayder Al-Athari, and representatives of the investment, economic and industrial sectors, Mr. Al-Safadi stressed the need to expand cooperation frameworks between the investors in Jordan and Iraq and developing partnerships with all sectors. Mr. Al-Safadi also pointed out that the Jordanian Parliament will work on strengthening the supportive environment for the advancement of investment sector based on its legislative role.

He also pointed out a package of economic Bills listed on the agenda of the current emergency session, indicating that since the beginning of the session IBC supported the launch of a national dialogue adopted by the relevant parliamentary committees, believing in the importance of consolidating partnership and effective networking with all competent sectors in such a way as to contribute to the advancement of national economy.

For his part, the Director General of the Innovation Dom and Head of the Forum, Counsellor Rani Al-Omari, pointed out the strong relations existing between Iraq and Jordan, stressed the importance of the Forum in strengthening partnerships and making recommendations to the authorities concerned to facilitate the business of investors in both countries.

Also, the Iraqi Ambassador to Jordan stressed the importance of strengthening mutual investment opportunities, especially that political, security, economic and legislative conditions are now ripe for more partnerships in the investment aspect, whether at the level of public or public sectors.

The Forum also discussed several headlines, especially joint investment between Amman and Baghdad and ways to develop laws and regulations that sponsor investment between the two countries with the participation of government and private agencies concerned with investment in both countries.

The sessions of the first day of the Forum focused on joint investment between Amman and Baghdad and the legal aspects in this framework.

The sessions discussed related topics in the field of investment, pioneering models and distinguished experiences in the foreign investment sector.

The Iraqi Business Council was honored in recognition of its active contribution to the successful International Innovation Dom Forum, and Dr. Saad Naji was honored in appreciation of his active contribution as speaker in the sessions of the Forum.

IBC Hosts a Book Signing Ceremony (“Interbite” for the Plane and House) by Iraqi Author & Jounalist Dr. Majeed Al-Sammaraie

Among the activities of “Ibdaa” Cultural Program of Iraqi Business Council, and under the patronage of the Iraqi Ambassador to Jordan, Mr. Hayder Al-Athari, IBC hosted on Saturday August 6th 2022 the book signing ceremony of (“Interbite” for the Plane and the House) by the Iraqi Author and Journalist Dr. Majeed Al-Sammaraie.

The event was administered by academic Dr. Muhammad Thabit Al-Baldawi, who presented a summary on the book, its author and his biography that is full of achievements, reviewing some of his achievements, especially his obtainment of a Doctorate Degree in Arts, his career in press editing and television criticism in Al-Jumhouriya Daily, then moving to the field of survey, investigation and dialogue and press articles in Al-Zaman, Al-Sa’a and Al-Ayyam Newspapers, then worked as editor in Chief in “Al-Saqar Al-Arabi Newspapers after 2003, he then prepared and presented several television programs.

Among his most famous TV shows was “Atraf Al-Hadeeth” on Al-Sharqiyah Channel over the past 16 years, and is still going until now.

He was awarded several Arab awards on shows prepared and presented by himself.

In his speech, the Author thanked the Iraqi Ambassador to Jordan, Mr. Hayder Al-Athari, on sponsoring the evening and event.

He also extended his thanks to the Iraqi Business Council for hosting this activity under IBC “Ibdaa” Cultural Program, and presented some selected readings from the book  in an atmosphere of fun and rejoicing in the beautiful and funny content, which combined an abundance of language and wit of phrases in the popular and loveable Iraqi dialect.

For his part, Chairman of the Iraqi Business Council, Dr. Majid Saedi, welcomed the audience, praising the author and his career, and thanked the Iraqi Ambassador to Jrodan, Mr. Athari, for sponsoring this activity.

For his part, the Iraqi Ambassador to Jordan lauded the Iraqi Business Council for hosting this event, stressing his support for cultural activities that contribute to spreading creative products and raise the status of Iraqi creators in various arts.

The event was attended by IBC Chairman, Dr. Majid Saedi, IBC Deputy Chairman & Secretary General, Dr. Saad Naji, IBC Board member, Dr. Osama Al-Quraishi, IBC member Mr. Muhammad Al-Baghdadi and a large crowd of academics, intellectuals, media professionals, satellite TV channels, IBC CEO and staff.

Economic event: “Hauberk Capital” Holds an Introductory Economic Seminar at the Headquarters of the Iraqi Business Centre On its Services in Wealth Management & Projects Financing Mechanism

Hauberk Capital, a leading international company that provides financial advisory and wealth management services, held on Thursday August 4th 2022 an introductory economic Seminar at the headquarters of the Iraqi Business Councill on the Company’s services in Wealth Management and Projects Financing Mechanism in person and electronically.

At the beginning of the Seminar, IBC Deputy Chairman and Secretary General, Dr. Saad Naji, welcomed Hauberk Capital team including Mrs. Lama Kanan, Hauberk Capital Board member, Dr. Wael Fawzi, Administrator, and the Company’s team.

Dr. Wael Fawzi presented an overview on Hauberk’s Wealth Management Program and features of the Financial Advisory Service provided by the Foreign Investment Office of Wealth Management.

During the Symposium, Dr. Fawzi also talked about several initiatives by several countries interested in investment in Iraq, especially that international platforms have started to take interest in investment in Iraq.

Dr. Fawzi concluded his speech by emphasizing that Hauberk Capital offers a distinguished Advisory Program for Wealth Management, reducing operation expenses, implementing governance and developing the clients’ goals, in addition to maintaining sustainable, interconnected and distinguished investment.

On her part, Mrs. Lama Kanan talked about the keenness expressed by a number of investors , who are Company’s clients, in financing infrastructure projects in Iraq and the mechanisms and conditions of obtaining this financing.

The members then discussed several projects and investment opportunities available in Iraq in a number of sectors.  Members of Hauberk Capital then expressed their thanks for organizing this meeting.

The meeting was attended by IBC Deputy Chairman & Secretary General, Dr. Saad Naji, IBC Board member Engineer Mekki Al-Faiz and a number of IBC members; Engineer Turki Al-Qaisi and Mr. Aqeel Al-Hadi, in addition to representatives of Shamara Holding Company, Al-Jazeera Group and IBC CEO.

دعوة لحضور حفل توقيع كتاب د. مجيد السامرائي

دعوة لحضور حفل توقيع كتاب “انتربيت” للطائرة والبيت، للإعلامي العراقي الكبير د. مجيد السامرائي، يوم السبت 06/08/2022 على قاعة مجلس الاعمال العراقي- ط1

مجلس الأعمال العراقي

يذكر ان فكرة تأسيس مجلس الأعمال العراقي، قد انطلقت بناء على الرغبة المشتركة التي تولدت لدى عدد من النخبة، والذين هم من المستثمرين و رجال الأعمال العراقيين المتواجدين على أرض المملكة الأردنية الهاشمية، حيث اجمعوا على أهمية تكوين مرجعية اقتصادية لهم،  وكذلك لمن يرغب بالانضمام إليهم ، بما يسهم في تضافر جهودهم و توحيدها، وذلك لتعظيم الاستثمار العراقي في الأردن، وكذلك المساهمة الفاعلة في البناء والاعمار في العراق.

وقد وجدت فكرة تأسيس مجلس الأعمال العراقي صدىً طيباً، ومباركة من لدن حكومة المملكة الأردنية الهاشمية، لذلك حصلت موافقة الجهات الأردنية المختصة مشكورة، على أطلاق مجلس الأعمال العراقي في الأردن.

إن الذي نهض بمهمة التأسيس هم نخبة من رجال الأعمال العراقيين المشهود لهم بالكفاءة والاقتدار. كما انه ومنذ انطلاقة المجلس في أواخر عام 2006، عمل الأعضاء على بذل الجهود التي تدعم الاستثمارات العراقية في الأردن. وكذلك التنسيق والتعاون مع الجهات الرسمية، وذلك لإيجاد حلول ومقترحات لتذليل العقبات والمعوقات التي تواجه المستثمرين.

Economic event: Major Achievement of the Iraqi Business Council To Serve its Members & Iraqi Investors in Jordan

Based on a series of meetings held with H.E. the Jordanian Prime Minister, Dr. Bishr Al-Khasawneh, and the ministerial team in the Jordanian government, and the meeting that was held later with the Head and members of the Parliamentary Economy & Investment Committee in the Jordanian House of Representatives, and in accordance with the recommendations of the Iraqi Business Council that were submitted to the Jordanian Prime Ministry, the Jordanian Prime Minister, Dr. Bishr A;-Khasawneh, approved a package of measures related to employment for spouses and children of non-Jordanian investors, and as follows :-

  • Allow spouses and children of non-Jordanian investors holders of investment cards issued by the Ministry of Investment and by the Jordanian Group Companies of Free Zones & Development Zones to work in all professions in investment projects owned by their families, and exempt them from the requirement as to obtainment of a work permit, in accordance with the legislations in force.
  • Allow spouses and children of non-Jordanian investors holders of investment cards issued by the Ministry of Investment and by the Jordanian Group Companies of Free Zones & Development Zones to work in all professions with any employer, in accordance with the procedures of the Jordanian Ministry of Labor and the legislations in force,

The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.

Economic event: IBC Deputy Chairman & Secretary-General & IBC Members Participate in Draft Bill Debate on Regulating the Investment Environment At Jordan & Amman Chambers of Industry Headquarter

At the invitation extended by the Chairman of Jordan and Amman Chambers of Industry, Engineer Fathi Al-Jaghbit, IBC Deputy Chairman & Secretary General, Dr. Saad Naji, and IBC members; Mr. Ahmad Al-Amili, Mr. Aqeel Al-Hadi, and businessmen; Mr. Ali Al-Khawam, Mrs, Niran Al-Hakim, Miss Abeer Mtasher, Representative of the Seven Seas Shipping & Clearance Company, and IBC Director General participated on Monday July 4th 2022 in the meeting held at the Headquarters of Jordan and Amman Chambers of Industry to discuss a draft bill on Regulating the Investment Environment in the Hashemite Kingdom of Jordan.

The meeting was attended H.E the Minister of Planning & International Cooperation, Mr. Nassir Al-Shraideh, H.E. the Minister of Investment, Dr. Khairi Amr, H.E. the Minister of Finance, Dr. Muhammad Al-Esis, H.E. the Minister of Industry & Trade & Supply, Mr. Yousif Al-Shemali, and the State Minister for Legal Affairs, Mrs., Wafa Beni Mustafa, and the General Commission for Industry Chambers in Jordan.

During the meeting, Engineer Fathi Al-Jaghbir, who chaired the meeting, affirmed that his contract aims at unifying the viewpoint of the Chambers of Industry towards the draft bill and the importance of participation of industrial investors in expressing their opinions in the laws and issues that affect the competitiveness of industrial investment.

Also, H.E the Minister of Planning & International Cooperation, Mr. Nassir Al-Shraideh, stressed the need to draft the law in line with the requirements of the Jordanian investment environment and in a way that is directly reflected on the local and foreign investors.

During the meeting, Jordan and Amman Chambers of Industry presented several proposals and observations on the draft bill, which was discussed with the economic team of the Council of Ministers.

Also, H.E Minister Al-Shraida confirmed that the work plan has been approved to develop the legislative environment that regulate investment and included three main tracks; the fast track, which consists of creating one window to establish, register and license the economic activities, create one window to grant residence and work permits to expatriate workers and find a unified umbrella to control and inspect the economic activities, in addition to facilitating trade procedures and phased dealings with the major new investments, and the path of reducing costs and enhancing competitiveness, which consists of reducing electricity tariffs on several productive economic sectors.