Dubai, 05th February 2019, UAE; Central Bank of Iraq has signed an investor partnership agreement with Dubai Quality Group (DQG). This partnership aims at enabling the transfer and exchange of expert knowledge, experiences, best practices, ideas, and the expansion of optimal & productive cooperation, to activate fruitful cooperation between both parties to foster quality, business excellence, innovation, technology performance, and leadership in the Banking sector in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, by making the UAE the most innovative country in 2021.

The agreement signing ceremony was during the annual general meeting of DQG attended by senior officials from both parties. The delegation from DQG was headed by Eng. Hassan Omar, Chairman Dubai Quality Group, who handed over the Certificate of Investor Partnership to Mr. Saleh Mahmoud Salman, Managing Director of the Administrative Department at the Central Bank of Iraq, and Mr. Hussein Faisal Director of Quality Management Department, in appreciation for its investment in DQG’s strategies and initiatives. 

This partnership was signed as a part of their mutual association and under the framework of both parties’ efforts to develop quality and business excellence, in terms of enhancing the quality within the banking sector, implementing the latest initiatives and strategic plans focused on improving performance levels in Iraq.

Eng. Hassan Omar, Chairman DQG, said: “Partnering with Central Bank of Iraq will add value to DQG, and give them a unique opportunity to make sure that they have the knowledge that can help them way forward. We are keen to conduct this partnership to highlight our pursuit of consolidating, developing and promote quality and business excellence practices in UAE. This reflects our commitment to support the vision of the UAE leadership providing the best of banking technologies that ensure customers happiness. It gives us significant leverage to develop and introduce new concepts and ideas that will further consolidate UAE’s reputation as a leading innovator in region. Our goal from the partnership is to help the entities implementing the best practices.

Through this investor partnership with Central Bank of Iraq, we look forward to further strengthening our collaboration toward implementing excellence standards and practices at professional levels.”   

He added, “Dubai Quality Group is strongly committed to promoting quality and business excellence in this key sector and ultimately establishing a strong foundation that would underpin the long-term growth of construction.”

“Central Bank of Iraq is excited to be part of Dubai Quality Group through this strategic partnership which is considered as an essential milestone for Centeral Bank of Iraq who is striving toward the serious implementation of Quality, Uniqueness, and Innovation policies. Centeral Bank of Iraq is committed to establishing the quality concept within the private sector in a way that meets clients’ need and acquires their satisfaction throughout the  Markets.  Central Bank of Iraq believes this to be the way toward continuous success and keeping the pace with excellence in an environment full of challenges especially in the banking sectors.” Says Mr. Saleh Mahmoud Salman, Managing Director of the Administrative Department at the Central Bank of Iraq

Dubai Quality Group invites the government and private entities to partnership to benefit from what it has to offer in terms of improving Quality & Business Excellence. These partnerships will enhance cooperation among government and private entities by provide a platform for knowledge and information exchange, which will in return have a positive impact on the business environment. The partnership will also increase the scale and speed of innovation and creativity implementation at the partnering entities.

DQG's partnership is particularly beneficial to the entire business community, as it provides direct access to a wide range of resources and information that are essential in maintaining focus towards achieving quality and excellence.