The International Development Bank (IDB) has emerged as a leader in offering financial solutions for businesses in the UAE and Iraq. During a recent media briefing, IDB chairman Dr. Ziad Khalaf Abd outlined the various services provided by the bank to foster corporate growth and achieve sustainable financial development. "Since our inception in 2011, we have dedicated ourselves to delivering innovative financial solutions that cater to the varied requirements of our clients, ranging from individuals to SMEs and large corporations. We take pride in being Iraq’s foremost private bank and continuously work to strengthen the financial framework in the Arab world," he stated.
Dr. Abd highlighted that the International Development Bank follows a client-focused strategy, concentrating on comprehending business requirements and goals to offer tailored banking services. "We place a high priority on understanding our clients’ needs to provide solutions that ensure long-term success. We offer a range of flexible financing options, such as term loans, revolving credit facilities, and project finance, to support capital investments, working capital needs, and expansion plans. Our objective is to assist businesses in realizing their investment goals," Dr. Ziad Khalaf Abd explained.
He also mentioned the bank’s sophisticated cash management services, which streamline financial operations through features like electronic payments, receivables management, and liquidity optimization strategies, aiming to boost businesses’ efficiency in fund management. IDB has been instrumental in facilitating international trade transactions, offering expertise in letters of credit, trade finance facilities, and risk mitigation solutions to enhance our clients’ global business presence. The bank aims to empower companies to expand into international markets safely and effectively. "We provide customized foreign exchange solutions to effectively manage currency risk, including spot transactions, forwards, options, and currency hedging strategies. Furthermore, IDB in Dubai facilitates currency exchange between Iraqi dinars and UAE dirhams," he added.
IDB provides comprehensive treasury solutions that encompass interest rate management, investment products, and treasury advisory services to maximize returns and mitigate risks. We are dedicated to offering the best treasury management solutions for our clients. "Our advisory services cover mergers and acquisitions, capital raising through debt or equity, and strategic financial planning to support corporate finance objectives." Since assuming leadership, Dr. Ziad Khalaf Abd has significantly advanced the bank through technological innovation and a commitment to financial inclusion. "We strive to enhance the financial infrastructure in the Arab region and encourage collaboration to build a prosperous future. We are steadfast in our commitment to transparency and client satisfaction, adhering to the highest standards of professional conduct and regulatory compliance." It is worth noting that Dr. Ziad Khalaf has achieved significant success in managing the ZK Holding Group in Abu Dhabi, which comprises 22 Emirati and Iraqi companies involved in diverse sectors such as investment, industry, trade, real estate, and electronic payments.
