Lebanon: Opening a new page of investment, trade rapprochement with Iraq
INA – BAGHDAD
Lebanese Minister of Economy and Trade, Amer Bisat, affirmed on Tuesday, on the sidelines of the meeting of the Economic and Social Council of the Arab Summit, that efforts are underway to activate the joint committee between Iraq and Lebanon as well as open a new page of trade rapprochement between the two countries.
The Lebanese Minister of Economy and Trade told the Iraqi News Agency - INA: "His country is working to activate the joint trade committee with Iraq and open a new page of investment and rapprochement between the two countries."
He added, "Iraq has always been a supporter of Lebanon in all circumstances and has never stopped assisting the Lebanese people in the most difficult circumstances."
"Cooperation with Iraq is witnessing new horizons today at the level of the private and government sectors, and we will work to activate the joint trade committee within the next few weeks," he pointed out.
In a related context, the Director General of Economy and Trade at the Lebanese Ministry of Economy and Trade, Muhammad Abu Haidar, addressed the most important issues presented on the agenda of the development summit on Tuesday, noting that Lebanon is actively participating in discussing projects that concern the future of the region.
Abu Haidar told INA: "There were many proposals from the Arabs presented during the Economic and Social Council, all of which are of high importance and aim to stimulate growth in light of the challenges facing the region in general."
"All officials demonstrated seriousness and interest during the discussion of economic and social issues," he said, adding that "Lebanon remains committed to its Arab affiliation," expressing his thanks to "the Arab countries, especially Iraq, for their continued support."
Regarding the Economic and Social Development Summit, Abu Haidar pointed to "the presence of projects related to sustainable development, artificial intelligence, technological development, water resources, school health, and activities aimed at stimulating economic growth."
He indicated that "these topics are currently under study in preparation for submitting them to the summit, which will be attended by Lebanese Prime Minister Nawaf Salameh."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
22 minutes ago
- Iraq Business
CBI highlights Iraq's Commitment to AML/CFT Standards
By John Lee. Governor of the Central Bank of Iraq (CBI), Mr. Ali Mohsen Al-Allaq, participated in the opening of the second edition of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) Conference , held in Baghdad. Organised by the Central Bank of Iraq, the Union of Arab Banks, and the Iraqi Private Banks League (IBPL), the conference focused on " Challenges Facing Arab Banks in Complying with International Laws and Regulations and Ways to Meet Correspondent Bank Requirements ." In his remarks, Governor Al-Allaq underscored that money laundering and terrorism financing are not merely financial crimes, but critical threats to financial stability. He affirmed Iraq's engagement with international partners in implementing global AML/CFT standards and called for stronger regional and international cooperation to counter such crimes. He also noted that Iraq has made significant advances in its financial and banking sectors, with the CBI working to integrate artificial intelligence and network analysis tools into regulated financial operations. (Source: Central Bank of Iraq)
Shafaq News
2 hours ago
- Shafaq News
PUK's head urges Baghdad to resolve Kurdistan salaries
Shafaq News/ The Patriotic Union of Kurdistan's (PUK) head Bafel Talabani said on Sunday that he has been in direct contact with Iraqi Prime Minister Mohammed Shia al-Sudani to address the ongoing salary crisis for public employees in the Kurdistan Region. Speaking at an event in al-Sulaymaniyah marking the PUK's 50th anniversary, Talabani said, 'I have spoken with al-Sudani about the salary payments for Kurdistan employees, and we are awaiting a solution to this issue.' The salary dispute has been a persistent source of tension between Erbil and Baghdad. The federal government's recent decision to halt salary disbursements to the Region's employees has fueled criticism in Kurdistan and raised concerns over the economic well-being of thousands of families. Talabani emphasized that the PUK continues to play a balancing role in Kurdistan and is viewed with respect both in Baghdad and across the Region. 'The Kurdish people have no issue with our Arab brothers, and the PUK is committed to resolving disputes with Baghdad,' he said. Addressing regional issues, Talabani highlighted the PUK's role in the peace process in Turkiye, saying, 'The PUK has an important role to play in this process and is capable of defending the rights of the Kurdish people.'
Shafaq News
2 hours ago
- Shafaq News
Sudan's PM dissolves cabinet, promises security and unity
Shafaq News/ Sudan's transitional Prime Minister, Kamil Idris, announced on Sunday the dissolution of his government, instructing ministry secretaries and department heads to manage daily affairs until a new cabinet is formed. State media reported that Idris made the decision during a cabinet meeting in Khartoum, just a day after he was sworn in as Sudan's transitional premier. In a televised address, Idris vowed to uphold justice, peace, and the rule of law, while working for sustainable development nationwide. He emphasized a commitment to national unity and pledged to remain impartial, maintaining equal distance from all political factions. 'Our highest priority is safeguarding Sudan's national security and state sovereignty by defeating the insurgency and rebel armed groups,' Idris said, urging foreign backers of the insurgency to end their support. He also praised the Sudanese Armed Forces, other security agencies, and resistance movements for their ongoing efforts in the conflict. Looking ahead, Idris outlined a comprehensive national recovery plan centered on inclusive Sudanese-Sudanese dialogue that leaves no one behind. He called for rejecting tribal and racial divisions, strengthening the rule of law—including the judiciary and constitutional court—and expanding Sudan's ties with neighboring countries, the Arab world, Africa, and the broader international community.
