Latest news with #DanielZelikow
Iraqi News
09-04-2025
- Business
- Iraqi News
JP Morgan prepared to fund investment initiatives in Iraq
Baghdad ( – A delegation from JP Morgan stated on Tuesday that the bank would be open to funding many investment initiatives in Iraq directly or through financial institutions. The remarks took place during a meeting attended by the Iraqi Prime Minister, Mohammed Shia Al-Sudani, and the Chair of the Governing Board of JP Morgan Development Finance Institution (DFI), Daniel Zelikow, on the sidelines of the Conference on Reforming the Iraqi Banking Sector held in the Iraqi capital, Baghdad. According to a statement released by the Prime Minister's Office (PMO), the meeting addressed strategies to strengthen banking and financial collaboration, as well as the bank's involvement in funding different investment initiatives. To improve services provided to Iraqi importers and dealers, the meeting also looked at ways to secure bank transfers and letters of credit and guarantee their delivery to the rightful recipients in the United States and Europe. Al-Sudani emphasized the value of growing collaborations between Iraqi banks and JP Morgan, indicating that the government is willing to offer any kind of assistance to strengthen this partnership. By opening more correspondent accounts for Iraqi banks, the JPMorgan delegation indicated that it would be eager to strengthen its relationship with Iraq.
Shafaq News
08-04-2025
- Business
- Shafaq News
Iraq seeks JP Morgan's financial muscle
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani met, on Tuesday, with a delegation from JP Morgan, led by Vice Chairman Daniel Zelikow, on the sidelines of the Conference on Reforming the Iraqi Banking Sector in Baghdad. According to the PM's office statement, the meeting explored opportunities to deepen cooperation in banking and financial services, including JP Morgan's potential role in funding investment projects across Iraq. The two sides discussed 'mechanisms for securing financial credits and transfers to ensure they reach their recipients in Europe and the United States,' describing them as a step toward improving services for Iraqi traders and importers. Al-Sudani stressed the importance of expanding partnerships between Iraqi banks and JP Morgan, emphasizing 'the government's full readiness to provide all forms of support to strengthen this relationship.' JP Morgan's delegation, in turn, expressed interest in expanding its footprint in Iraq's financial system, confirming plans to increase 'correspondent accounts' for local banks and expressing willingness to finance projects directly or through financial partners.
Iraqi News
08-04-2025
- Business
- Iraqi News
Al-Sudani Meets Delegation from J.P. Morgan Bank
Prime Minister Mohammed S. Al-Sudani met a delegation from J.P. Morgan Bank. Media Office of the Prime Minister said in a statement obtained by the Iraqi news agency INA that Prime Minister Mohammed S. Al-Sudani met a delegation from J.P. Morgan Bank, headed by the bank's Vice Chairman Mr. Daniel Zelikow, on the sidelines of the Iraqi Banking Sector Reform Conference held in Baghdad. The statement read 'During the meeting, discussions focused on enhancing cooperation in the financial and banking sectors, as well as the bank's potential participation in financing various investment projects. The two sides also addressed mechanisms for securing financial credits and transfers to ensure they reach their recipients in Europe and the United States—an important step toward improving services provided to Iraqi traders and importers.' The statement further said that 'The Prime Minister emphasized the importance of expanding partnership areas between Iraqi banks and J.P. Morgan, reiterating the government's full readiness to provide all forms of support to strengthen this relationship.' The J.P. Morgan delegation expressed according to the statement, their willingness to deepen cooperation with Iraq by increasing the number of correspondent accounts opened for Iraqi banks, as well as their readiness to finance a number of investment projects, either directly or through partner financial institutions.
