# Agreement Between Al-Turath University and the American Center for Development - Al-Turath University - Al-Turath University

*Source:* https://uoturath.edu.iq/en/2022/04/us-center-for-development
*Site:* Al-Turath University - Al-Turath University

---

## An Agreement Between Al-Turath University and the U.S. Center for Development

In an innovative step towards unifying financial and economic terminology, Al-Turath University signed a cooperation agreement with the American Center for Development. This agreement is a significant leap in the academic and professional fields, focusing on creating a specialized scientific dictionary for the financial and economic sectors. The project aims to facilitate communication and enhance mutual understanding among banks, financial institutions, and the Central Bank of Iraq, thereby strengthening the financial system and making it more robust and efficient.

The origin of this ambitious project dates back to the visionary leadership of Professor Ali Al-Agayel, Chairman of the Board of Trustees at Al-Turath University. Under his guidance, the University embarked on this journey towards academic excellence and innovation. Professor Al-Agayel's vision and his insistence on improving educational standards are evident through this agreement, as he played a crucial role in recognizing the need for a unified financial language, understanding the vital role it plays in the integrity and clarity of financial transactions and communications within Iraq and with the international community.

Al-Turath University's commitment to academic excellence and its proactive approach to bridging gaps in financial vocabulary are manifested in this project. Through its English Language Department, the University aims to provide a comprehensive scientific dictionary that not only serves academic purposes but also acts as a foundation for financial and economic experts, bankers, and policymakers. By doing so, the University sets a precedent for academic institutions in actively contributing to the development of the national economy and its integration into the global financial system.

In conclusion, the collaborative efforts between Al-Turath University and the American Center for Development, led by Professor Ali Al-Agayel, are a testament to the University's progressive approach and its significant interest in contributing to both the economic and academic landscapes. This agreement is expected to yield a valuable resource that will unify economic and financial communication, enhancing operational efficiency and understanding across various sectors.![اتفاقية بين جامعة التراث والمركز الأمريكي للتنمية - جامعة التراث - Al-Turath University](https://uoturath.edu.iq/wp-content/uploads/2025/04/Screenshot-2025-04-01-224902-300x114.png)