The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
ABU DHABI / WAM
First Abu Dhabi Bank (FAB) will be expanding its regional footprint with the opening of a representative office in Iraq, as part of its targeted international growth strategy to facilitate regional trade flows and continually strengthen its global client service model.
The UAE is one of Iraq’s most important trading partners, with the value of exporting goods totalling over $13.11 billion in 2020. As a leading regional bank, FAB’s international footprint currently covers approximately 70 per cent of Iraq’s crude export trade destinations.
The new representative office, will primarily service Sovereign and Government Related Entities (GREs), Financial Institutions and Iraqi institutional clients in addition to clients with business interests in Iraq. It will further strengthen the bank’s extensive client service model and support trade across key Mena and international markets.