Trade Bank of Iraq to open first Saudi branch

The TBI will be the only active Iraqi bank in Saudi Arabia. (Facebook)
Updated 17 April 2019

Trade Bank of Iraq to open first Saudi branch

  • TBI was ranked No. 1 in the cost to income category in the Middle East by The Banker

RIYADH: The Trade Bank of Iraq (TBI) is entering the Saudi market with the opening of a branch in Riyadh on Thursday. It will be the bank’s first operational branch outside Iraq, and the TBI will be the only active Iraqi bank in the Kingdom, TBI Chairman and President Faisal Al-Haimus told Arab News on Tuesday.
On Thursday, a ribbon-cutting event will be held at the Riyadh branch in Al-Olayya district. Attendees on the Iraqi side will include Al-Haimus, the prime minister, the finance minister and the Central Bank’s governor. Saudi officials will also attend.
The TBI’s board of directors has also expressed plans to expand to Turkey.
TBI was ranked No. 1 in the cost to income category in the Middle East by The Banker.


Riyadh Travel Fair faces second delay amid coronavirus

Updated 23 min 17 sec ago

Riyadh Travel Fair faces second delay amid coronavirus

  • Riyadh Travel Fair is the largest tourism and travel exhibition in the Kingdom

JEDDAH: Saudi Arabia’s largest tourism display, the Riyadh Travel Fair 2020, has been postponed for a second time because of safety fears over the coronavirus pandemic.

Initially scheduled for March, the annual event was first shifted to September, but is now planned for March 15-18, 2021.

The latest postponement was made in the interests of public health and safety by officials at ASAS Exhibitions and Conference Organizing Company, the firm organizing the fair. 

Bandar Al-Quraini, the company’s general manager, said: “We are now planning for the 2021 edition and look forward to welcoming back all our travel industry partners and public once the health and safety of visitors can be fully assured.”

Riyadh Travel Fair is the largest tourism and travel exhibition in the Kingdom, attracting visitors and exhibitors from the Middle East and North Africa, Asia, Australia and Europe. 

It aims to promote investment, development and sustainability of this sector in the region.

More than 270 exhibitors from 50 countries were due to take part in the 2020 edition, with up to 30,000 visitors expected for the three-day event.