Peregraf
The first International Center for Finance and Trade (ICFT) in Sulaymaniyah is set to open tomorrow in a significant step toward strengthening the city's financial and commercial sectors. The inauguration will take place in the presence of the Governor of the Central Bank of Iraq, Ali Muhsen al-Allaq.
ICFT is designed to elevate Sulaymaniyah's financial and trade market to a more advanced stage, integrating various sectors such as banking, foreign exchange, stock markets, and international trade. The center is expected to become a hub for financial and commercial activities, creating new opportunities for investors, companies, and institutions.
According to the center’s official website, ICFT was established as a legal entity to provide a joint space for banking, financial, investment, and commercial institutions. It aims to develop an integrated infrastructure that serves investors, businesses, and government bodies.
"In light of the rapid economic changes in the world today, two unprecedented vital engines have emerged, driving the global, regional, and local economies toward their strategic goals with great force," the ICFT website states.
The opening of ICFT is seen as a milestone for Sulaymaniyah’s financial sector, offering a centralized location for economic growth and investment opportunities.