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Total income rises by 12 percent, operating profit up 13%.

Emirati, Iraqi private sectors to benefit from Ma’an initiative

  • It was launched by the Federation of UAE Chambers of Commerce and Industry (FCCI) and the International Development Bank (IDB)-UAE have launched Ma'an (Together).
  • The name "Ma’an" signifies the deep historical ties between the UAE and Iraq, especially in trade and business, the Chambers said.

Sharjah, UAE — The Federation of UAE Chambers of Commerce and Industry (FCCI) and the International Development Bank (IDB)-UAE have launched Ma’an (Together) initiative to strengthen Emirati and Iraqi private sectors.

The two entities aim to achieve this by using Ma’an to encourage private sector businesses to broaden their operations by creating a platform to enhance mutual relationships, increase cooperation opportunities, and facilitate the exchange of experiences and knowledge across various financial and investment fields with Iraq.

The name “Ma’an” signifies the deep historical ties between the UAE and Iraq, especially in trade and business, and represents a joint journey towards forging unique and sustainable partnerships by seizing the best investment opportunities, the Chamber said in a statement.

The signatories of this partnership agreement were Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and Dr. Ziad Khalaf, Chairman of the International Development Bank.

Abdullah Sultan Al Owais, Vice Chairman of FCCI and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI) said the initiative bolsters support for the business community and its various sectors across both countries.