IBC Signs MOU with The Royal Jordanian Airlines To Provide Exclusive Discounts and Privileges To IBC Members

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The Iraqi Business Council signed a Memorandum of Understanding with the Royal Jordanian Airlines to provide exclusive discounts and privileges to IBC members as a new step aiming to enhance economic cooperation and provide the best services to IBC members.  IBC announced the signing of this important MOU with the Royal Jordanian Airlines on Monday October 7th, 2024, at IBC offices in Amman.

IBC Chairman, Dr. Majid Sadi, and Head of the Royal Jordanian Commercial Sector, Mr. Kareem Makhlouf, signed the agreement in the presence of IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC’s CEO Mrs. Abeer Al-Naib and a number of IBC members and Royal Jordanian Airlines employees.

On this occasion, Dr. Sadi expressed IBC pride in this partnership, stressing IBC constant keenness on serving its members and provide he facilities that support their commercial activities.

For his part, Mr. Makhlouf expressed his pleasure in this partnership, stressing its importance, especially since the Iraqi Business Council includes major companies operating in Iraq and Jordan as members.

This agreement aims to provide exclusive discounts to IBC members, employees of IBC member companies and IBC employees on air tickets fares with the Royal Jordanian Airlines, on all segments of the Royal Jordanian Airlines network around the world, and its economy and business classes.  The agreement further includes a set of privileges and facilities that will enhance a unique travel experience for the members.

Meeting between The Iraqi Business Council – Jordan, and Jordan Free & Development Zones Group Company to Discuss Investment Opportunities

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A bilateral investment meeting was held on Tuesday August 6th 2024 at IBC offices attended by IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC Board member, Engineer Mekki Al-Faiz, and IBC members; Mr. Ahmad Al-Amili, and Mr. Aqeel Hadi, And IBC’s CEO Mrs. Abeer Al-Naib  On the side of Jordan Free & Development Zones Group Company the meeting was attended by the Chairman’s Advisor, Mr. Muhammad Al-Wakid, the Director General of the Free Zones, Mr. Abdul Hamid Al-Gharaibeh, the Director General of the Development Zones, Mr. Yousif Arafat, the Director of Investors’ Services, Engineer Jafar Al-Qudaa, and the Director of Marketing and Communications, Mrs. Noor Al-Sharif.

The meeting began with a welcome speech delivered by Dr. Saad Naji, who expressed his thanks and appreciation to the present guests, lauding their keenness on boosting cooperation with the Iraqi Business Council.  The meeting discussed a number of issues relating to investment in Jordan, as well as eliminating obstacles that stand in the way of investors, amending investment regulations to ensure attracting new investments and strengthening the existing ones.  The members also discussed the mechanisms that attract investors; such as the facilities provided for granting long-term residency permits and employment of investors’ children.  IBC Director General presented a comprehensive overview on the Council’s distinguished activities and investments of IBC member companies to affirm the Council’s vital role appertaining to boosting investment and economic cooperation between the two countries.

For his part, Mr. Abdul Hamid Al-Gharaibeh talked about the investment opportunities available in the Free Zones, especially in Queen Alia International Airport, pointing out the incentives, exemptions and competitive benefits provided to investors.  Mr. Al-Gharaibeh further proposed the arrangement of a field visit to IBC members to visit Queen Alia International Airport Free Zone.

Also, Mr. Yousif Arafat gave an overview on the investment opportunities available in the Development Zones; such as Ajloun Development Zone (the Cable Car Resort) and the Dead Sea Zone, stressing the importance of exploiting these opportunities to further enhance economic cooperation between the two sides.

At the close of the meeting, the two sides agreed to expand the horizons of cooperation, continuous communication and to periodically provide IBC with a list covering available investment opportunities and coordinate bilateral meetings with the investors interested in the Free and Development Zones.

IBC Delegation Meets with The New Jordanian Ministerial Economic Team To Enhance Economic Cooperation

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Chairman of the Iraqi Business Council, Dr. Majid Saedi, IBC Deputy Chairman & Secretary-General, Dr. Saad Naji, IBC Board member, Engineer Mekki Al-Faiz, and IBC members; Mr. Ahmed Al-Amili, Mr. Aqeel Hadi, Ms. Nisreen Al-Otaibi and IBC CEO, Mrs. Abeer Al-Naib met on Wednesday October 2nd, 2024, with the new Ministerial Economic team at the Jordanian Prime Ministry.

The Jordanian Ministerial delegation was headed by His Excellency the state minister for Economic Affairs, Mr. Muhannad Shehadeh, His Excellency the Minister of Investment, Mr. Muthanna Al-Gharaibeh, and Her Excellency the Minister of Transport, Engineer Wissam Al-Tahtemouni.

The two sides discussed means to enhance economic cooperation, facilitate the business of Iraqi investors in Jordan, as well as find solutions to the challenges of trade exchange, sustainability of investment projects, propose the establishment of Investment Guarantee Funds and expand the electricity network between Iraq and Jordan.  Also, the two sides stressed the importance of organizing periodic conferences and meetings between the private sectors in both countries.  The participants also stressed the need for stable legislations and instructions regulating investment to ensure a stable and attractive investment environment.