Inheriting a wide range of assets and business experience Mr. Husam Obeid Ali has seen a fantastic opportunity to enlarge the business inherited and developed by him through partnering up with a group of high profile business men in Iraq . The group had seen the need and the profitability of establishing and developing a reliable and solid private bank in the newly created business environment of Iraq . In 1997 Mr. Husam Obeid Ali and his partners managed to establish Economy Bank for Investment and Finance with headquarters in Baghdad .