FAB to expand MENA footprint, strengthen regional trade links with Iraq

FAB to expand MENA footprint, strengthen regional trade links with Iraq

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 USD 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.