AMMAN – Talal Abu-Ghazaleh Global
(TAG.Global) has signed a Memorandum of Understanding (MoU) with ‘Bayt
Al-Hikmah (House of Wisdom) for Training and Human Development’ to jointly
cooperate in the fields of training and consulting in Iraq.

The Memorandum was signed by TAG.Global
Iraq Office Executive Director, Mr. Hamza Arabiyat, and CEO of Iraq's Bayt
Al-Hikma, Mr. Hisham Abbas, in the presence and under the auspices of HE Dr.
Talal Abu-Ghazaleh, founder and chairman of TAG.Global.

During the signing ceremony, Dr.
Abu-Ghazaleh referred to the deep ties between TAG.Global and the Iraqi
institutions, affirming that TAG.Global currently offers its services and
technological products in Iraq through its offices in Baghdad and Erbil – Iraqi
Kurdistan.

For his part, Mr. Abbas expressed his
pride in cooperating with TAG.Global, by organizing and carrying out training
and development programs, in Iraq as well as cooperating in the field of
administrative, economic and banking consultations. That is in addition to
exchanging expertise and technical support to enhance the scientific and
research abilities of their employees: thus promoting the scientific academic
methodology that is essential for the advancement of both the public and
private sectors.

Moreover, the two sides agreed on
preparing studies and developing the necessary plans to jointly evaluate the
scientific and training programs and to focus on their development to ensure
keeping  pace with scientific
developments in various knowledge domains.

They also agreed on taking advantage of
international expertise in different fields by studying international
experiences, research and studies that help the private sector keep pace with
the global developments and benefit from studying the experiences and crises to
enhance the banking sector.

The signed MoU also stipulates cooperation in
organizing professional events in Iraq and encouraging researchers on
publishing their research and studies through approved scientific channels.
That is, in addition, to cooperating in conducting scientific training programs
for students at all levels of university study, as well as holding training
courses, workshops and lectures that serve the development and drive progress
forward in the banking and educational sectors in general.