The Iraqi Business Council Hosts “A Rich Country & A Poor Country” Book Signing By Author Hussein Al-Fallouji

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As part of the activities of IBC Cultural Program “Ibdaa”, a book signing ceremony was hosted on Wednesday February 21st 2024 of “A Rich Country & A Poor Country” by author Mr. Hussein Al-Fallouji on IBC Hall in the presence of IBC’s Vice President & Secretary-General, Dr. Saad Naji, IBC member Dr. Bashar Abdul Rahman, and a large crowd of cultural, academic and media elites, in addition to IBC General Manager Mrs. Abeer Al-Naib and staff.

 

The academic ceremony was presented by Dr. Muhammad Al-Baldawi, who discussed with the author different aspects of the book and its impact on the Arab and global reality.  Mr. Al-Fallouji presented an in-depth analysis on the reasons that keep some countries rich, while others remain poor.  The author provided his vision for a more just and prosperous future for all, which was followed by a discussion session for the attendees about the book.

Meeting with the Regional Director of the International Financing Corporation (IFC) of the World Bank Group on Wednesday February 14th 2024 At IBC Offices

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On Wednesday 14th 2024 the Regional Director of the International Finance Corporation (IFC) of the World Bank Group, Mr. Khawaja Aftab, met with IBC’s President, Dr. Majid Sadi, IBC’s Vice President and Secretary-General, Dr. Saad Naji, IBC Board member, Engineer Mekki A-Faiz and IBC Director General Mrs. Abeer Al-Naib, in the presence of the Jordanian Official at the Institution, Mrs. Dima Al-Hayyari, at IBC offices.

 

During the meeting, Dr. Sadi welcomed the guests and reviewed several strategic projects that can be implemented in Iraq with funding of the International Financing Corporation, especially in the transportation sector, and expressed readiness of the Iraqi Business Council to cooperate with the Finance Corporation to develop the role of the private sector and enhance partnerships with the public sector.

 

For his part, Mr. Khawaja Aftab talked about the Rehabilitation of Baghdad international Airport Project and the agreement concluded by the International Finance Corporation with the Iraqi government, which stipulates the provision of an integrated investment portfolio that includes the manner in which the Airport is expanded, financed, operated and maintained.

 

The agreement further includes raising the efficiency of the Airport, its facilities, and its safety factors to comply with the world international standards for airports.  Mr. Aftab answered the query raised by Dr. Saad Naji on the time required by the Finance Corporation to make the decision to finance the investment projects, saying that the Corporation has developed a new system, in which the work period does not take more than 60 days after providing the Corporation with all documents required by the investor.  It was also agreed to hold an Economic Symposium for the International Financing Corporation, sponsored and organized by IBC, for the investors interested in working with the Corporation on investment projects in Iraq.