In a significant development for the banking sectors of Iraq and Jordan, the Association of Iraqi Private Banks (AIB) and the Association of Banks in Jordan (ABJ) have officially inked a Memorandum of Understanding (MoU).
This agreement paves the way for enhanced collaboration, knowledge sharing, and improved operational efficiency among member banks.
The MoU, which signifies a promising step forward for both nations’ banking industries, encompasses various areas of cooperation, including training, consultancy, and streamlining member banks’ operational processes. The document was ceremoniously signed by Ali Tariq, the Executive Director of AIB, and Dr. Maher Al-Mahareeq, the Director General of ABJ.
This strategic partnership is expected to yield numerous positive outcomes for Iraq and Jordan. Among the anticipated benefits are strengthened capacity building, an exchange of best practices and industry insights, and an increase in trade and investment opportunities.
