Union of Arab Banks recognizes Dr. Ziad Khalaf Abd for his influential role in sustainable development and financial innovation.
DUBAI, UAE / ACCESSWIRE / July 4, 2024 / The United Nations headquarters hosted a conference on "Challenges of Achieving Sustainable Development Goals" in Geneva. It took place in the presence of a large number of key financial and banking experts, as well as some representatives of international organizations. In the same event, the Union of Arab Banks honored Dr. Ziad Khalaf Abd for his influential role in sustainable development and financial innovation.
Dr. Ziad Khalaf Abd is a member of the Board of Directors of the Union of Arab Banks and also the chairman of IDB (International Development Bank), an institution established in 2011 that has grown to become one of the major banks in Iraq, providing pioneering services for people and companies. Moreover, it has been able to gain a massive share of the market in Iraq, especially in commercial financing, card issuance, and comprehensive banking operations.
This puts the bank on the Arab and international forefronts. It binds efforts made by Dr. Ziad in his commitment to providing financial solutions supportive of sustainable growth and exploiting new investment and trade opportunities in a bid to boost relations between Iraq and the rest of the world.
At the end of this highly specialized two-day congress, the honorary shield was handed to Dr. Ziad by Dr. Wissam Fattouh, Secretary-General of the Union of Arab Banks. Prominent among the participants were Dr. Rola Dashti, Executive Secretary of the Economic and Social Commission for Western Asia, ESCWA; Marion Honecker, Head of Financial Inclusion and Expansion Management at the European Investment Bank; and Michel Detlevsen, Innovative Financing Head at UNIDO and UNCTAD.
In his speech, Dr. Ziad in particular put forward the need for financial infrastructure improvement in the Arab region and support for financial and investment innovations oriented towards sustainable development. He did not fail to mention that cooperation, if united, can lead to building a better future for present and future generations after so much instability and conflict that has happened in the region.
He pointed out the serious consideration of how to achieve growth in countries that have all the elements of success, where ambition intersects with capital. Now, the whole world passes through difficult transformations that can be addressed by market systems. Much emphasis has been placed on strategic investments to connect the Gulf region to Europe through the International Development Road project, which creates free trade agreements that enhance prosperity.
Dr. Ziad concluded that economic growth can be achieved through the empowering of entrepreneurs, enhancing the bond through partnerships and collaboration, heavy investment in research and development, and enhancing human resources.
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