The Conclusion of the Fifth Joint International Conference on Administration and Financial Sciences (ICAFS 2025) in Erbil, with a Large Academic Presence

On Thursday, January 30, 2025, Cihan University-Erbil concluded the Fifth Joint International Conference on Administrative and Financial Sciences (ICAFS 2025), which was organized in cooperation with the Polish University of Lodz and the University of Mosul, Iraq. In attendance were the academics and researchers specialized in management and finance from various countries.

In his speech during the closing session, the President of Cihan University – Erbil, Prof. Dr. Amjad Saber Al-Dalwi, stressed the importance of good governance as the main factor in the success of any project, whether medical, industrial, or commercial, regardless of the available material and human capabilities. He also pointed out that using artificial intelligence and modern technology has become a necessity that cannot be ignored, otherwise individuals and companies will face the risk of underdevelopment.

He added that management is not just an academic discipline, but an essential element in the organization of society and the economy, as the success of countries and companies depends on effective management and sound decision-making. It also highlights the importance of the conference in shedding light on these issues and their relevance to all sectors.

He also expressed his deep thanks to all participants, stressing that the university will continue to support scientific research and international cooperation, and will work to develop new partnerships with prestigious academic institutions.

Prof. Dr. Muwaffaq Ahmed Ali, a member of the Scientific Committee of the Conference, presented the most important results and recommendations of the conference as follows:

1. Emphasizing the importance of exploiting the capabilities of artificial intelligence in increasing efficiency and confidence in administrative, financial, and accounting activities to reduce problems, gaps, and errors that can indicate weaknesses in provoking organizations and reducing negative opportunities such as corruption in its various forms
2. The importance of maximizing the role of artificial intelligence in developing and increasing the effectiveness of agile leaders and enhancing the efficiency of human resources in various organizations and institutions
3. Work on developing, studying, and applying successful international and regional initiatives and experiences in the field of digital technologies and the possibility of benefiting from them to shift towards strategies to achieve welfare and economic growth that helps the sustainable use of financial resources and preserve them for the future
4. Work to enhance the role of banks in achieving cybersecurity, increasing customer awareness, and maximizing the volume of investment in innovation and development because of its great role in gaining customer confidence and enhancing organizational transition, to also achieve their growth in the level of financial inclusion and the role of banks in it
5. Work to create the appropriate requirements for the adoption of artificial intelligence in foreign exchange management and disclosure
6. Emphasizing the importance of exploiting the experience of digital services, localizing salaries, and increasing financial inclusion rates in Iraq and the Kurdistan region to overcome difficulties and obstacles by adopting artificial intelligence techniques and identifying old systems to reach integration with digital and electronic solutions and overcome the challenges facing the financial and banking sectors, including corruption opportunities through these sectors.
7. Emphasizing the importance of enhancing the special awareness of workers and customers regarding the application of green manufacturing strategies and investment in modern technology under artificial intelligence to achieve sustainability and reduce waste to reach a balance between environmental and economic goals, achieve a clean environment and increase job opportunities
8. Work to expand the scope of the use of artificial intelligence in various organizations such as legal organizations and its use in criminal accounting and the development of workers in this sector to introduce artificial intelligence in the activities of these organizations
9. The importance of investing in the profits achieved in private universities to improve productivity and promote the academic and educational development of universities while achieving a balance between services and profits. He added that this has reached us through a set of recommendations that we will try to add to these summarized recommendations as I mentioned. Moreover, we hope to receive from you any other additional recommendations that can be submitted to the conference website.

Subsequently, Prof. Dr. Amjad Saber Al-Dalwi presented certificates of participation and appreciation to the researchers who presented distinguished scientific papers during the conference, in recognition of their contributions to enriching the academic content of the conference and promoting scientific research in the administrative and financial fields.

During the honoring event, many researchers expressed their appreciation for the distinguished organization of the conference, stressing that it provided them with an effective platform to discuss their ideas and research with experts from various international universities, which enhanced the quality of scientific outputs and practical applications of their research.

In a qualitative step to support and motivate researchers, the Chinese company Xiaomi participated in the conference by presenting smartphones as a token of appreciation to distinguished researchers.

The conference organizers commended this initiative, which reflects the interest of international companies in encouraging innovation and technology in scientific research, especially in the administrative and financial sectors. Xiaomi also affirmed its readiness to continue supporting academic events that enhance the role of technology in modern management and digital finance.

The organizers confirmed that the conference will continue to develop its future vision by:

• Increasing collaboration with leading international universities to expand academic engagement
• Incorporating new topics related to AI and fintech in upcoming editions
• Organizing training courses and workshops for young researchers to enhance their academic research skills
• Strengthening partnerships with international companies to support innovation and benefit from technology in improving administrative and financial performance

The participants thanked the conference organizers in an atmosphere of positivity and optimism, looking forward to the next edition of this distinguished scientific event, which has become a major station for researchers and experts in the fields of management and finance.