Riyadh and Baghdad .. 5 priorities for the development of trade relations led by the development of border areas

[Wiljor]

9 hours ago, Laid Back said:

Saudi Arabia knows Iraq will be the next power house in the Middle East.

They see the opportunity, they see the potential, they see billions of dollars in business 

Go iraq

Go RV

 

Yes sir my friend, you are spot on there  

[Calijim]

11 hours ago, Laid Back said:

Saudi Arabia knows Iraq will be the next power house in the Middle East.

They see the opportunity, they see the potential, they see billions of dollars in business 

Go iraq

Go RV

 

They also want to persuade Iraq that they don't need Iran and that the Saudis are Iraqs true allies against the Persians.

[tigergorzow]

1 hour ago, Calijim said:

They also want to persuade Iraq that they don't need Iran and that the Saudis are Iraqs true allies against the Persians.

Calijim Thanks, You assessment is spot on and PM Abadi and other Iraqi politicians need to take heed and follow his example.   IRAN will be dealt with in the coming period from President DJT & SEC DEF Mattis.   

[ChuckFinley]

Looks like they see a windfall coming their way. 

[tigergorzow]

Saudi Arabia says committed to writing off Iraq debts

March 24 2017 07:59 PM

Jubeir

Saudi foreign minister Adel Al-Jubeir on Friday asserted that the kingdom is committed to writing off debts owed by Iraq.

The remarks came in a meeting with Iraqi foreign minister Ibrahim al-Jaafari on the sidelines of the convention of the countries fighting ISIS in Washington, according to a statement posted on the Iraqi Foreign Ministry's official website.

The Saudi minister did not mention tallies specifying those debts. But he said the kingdom intends to launch a flight line between Riyadh and Baghdad.

On his part, Iraqi foreign minister said his country is still in need of more financial and humanitarian aid.

He also noted that relations between Saudi Arabia and Iraq witnessed noticeable improvement over the past weeks, especially after Al-Jubeir's visit to Baghdad.

During the visit of the Iraqi delegation to Saudi Arabia, both sides discussed the possibility of opening the flight line, he added, asserting the plan will materialize in the foreseeable future.

http://www.thebaghdadpost.com/en/story/8585/Saudi-Arabia-says-committed-to-writing-off-Iraq-debts

[Freedomwish]

35 minutes ago, ChuckFinley said:

Looks like they see a windfall coming their way. 

$15 Billion bucks cancelled......oh most definitely they do indeed a HUUUUUUUGE windfall coming their way!! 

[ChuckFinley]

15 minutes ago, tigergorzow said:

Saudi Arabia says committed to writing off Iraq debts

 

March 24 2017 07:59 PM

Jubeir

Saudi foreign minister Adel Al-Jubeir on Friday asserted that the kingdom is committed to writing off debts owed by Iraq.

The remarks came in a meeting with Iraqi foreign minister Ibrahim al-Jaafari on the sidelines of the convention of the countries fighting ISIS in Washington, according to a statement posted on the Iraqi Foreign Ministry's official website.

The Saudi minister did not mention tallies specifying those debts. But he said the kingdom intends to launch a flight line between Riyadh and Baghdad.

On his part, Iraqi foreign minister said his country is still in need of more financial and humanitarian aid.

He also noted that relations between Saudi Arabia and Iraq witnessed noticeable improvement over the past weeks, especially after Al-Jubeir's visit to Baghdad.

During the visit of the Iraqi delegation to Saudi Arabia, both sides discussed the possibility of opening the flight line, he added, asserting the plan will materialize in the foreseeable future.

http://www.thebaghdadpost.com/en/story/8585/Saudi-Arabia-says-committed-to-writing-off-Iraq-debts

Thanks Tiger, when I saw the picture I thought he was telling us something personal, way to much info for me. But, I guess it is about the amount of debt in comparison to their wealth.  

[yota691]

Saudi Arabia announced its intention to cancel the Iraqi debt

3/25/2017 0:00    BAGHDAD / morning  Foreign Minister Ibrahim al - Jaafari with his Saudi counterpart , Adel al - Jubeir, the bilateral relations between the two countries and ways to open new horizons for joint cooperation, at a time when al - Jubeir, announced his country 's intention to cancel the debts owed by Iraq. A statement by the Foreign Ministry, said that " the two sides discussed on the sidelines of their participation in the international coalition meetings against {Daesh} in Washington DC, the necessity of visits between the two countries , officials of the exchange, including the minister of trade and industry during the coming period to increase the volume of trade and investment." He said al - Jaafari , Iraq 's desire to establish better relations with Saudi Arabia, pointing out that the country is still in need of financial support, and the reconstruction of the infrastructure of the Iraqi cities after its liberation from the grip of the entire "Daesh." For his part , the Saudi foreign minister expressed satisfaction with the visit of the Iraqi delegation to Riyadh, revealing his country 's intention to cancel the previous debt owed by Iraq, noting the quest to open a flight route from Riyadh to Baghdad and Najaf.

[yota691]

Iraq is close to resolving the external debt profile

3/25/2017 0:00    After KSA intention to cancel debt BAGHDAD / Mustafa al-Hashemi At a time when Saudi Foreign Minister Adel al - Jubeir revealed his country 's intention to cancel the previous debt owed by Iraq and to improve bilateral economic relations, an economic researcher stressed the importance of closing the external debt profile and orientation towards real and effective development of the LAPD.  A Foreign Ministry statement has said that the minister Ibrahim al - Jaafari met with his Saudi counterpart , Adel al - Jubeir on the sidelines of the international coalition meeting against "Daesh" in Washington DC, and discussed with him bilateral relations and the development witnessed in the past period, and ways to deepen, and open new horizons for joint cooperation in all fields .  The two sides agreed - according to the statement - the need for exchange of visits between officials of both countries, including the minister of trade and industry during the coming period to increase the volume of trade exchange and investment.  Jaafari stressed Iraq 's desire to establish better relations with Saudi Arabia, pointing out that the country is still in need of financial support, and the reconstruction of the infrastructure of the Iraqi cities after its liberation from the grip of the entire "Daesh."  For his part , the Saudi foreign minister expressed satisfaction with the visit of the Iraqi delegation to Riyadh, describing it as good and came to activate the volume of cooperation between the two countries.  He revealed Jubeir for his country 's intention to cancel the previous debt owed by Iraq, noting his country is seeking to open a flight route from Riyadh to Baghdad and Najaf in the framework of strengthening bilateral relations between the two countries.  And it threw amounts of external debt shadow on the economic performance of Iraq in terms of its impact on public budgets, which resulted in accumulated debt, due to the events experienced by the country, the need to get rid of them for their access to the settlement of such debt as they have a clear impact in supporting economic development.  Economic Researcher Firas Amer pointed out that the closure of the external debt profile, particularly Gulf ones, become necessities required by the current phase in order to begin the process of real economic development as the those debts restrict the Iraqi economy and impose upon specific mechanisms for investment spending has significantly influenced the development of the country.  Amer saw the possibility of converting some other external debt to a long or medium - term investments in coordination and agreement with creditor countries to do so.  According to the Saudi debt owed by Iraq, the sources of about $ 15 billion.  The classified Iraq 's foreign debt on four categories : all of the debt of countries of the Paris Club debt of countries that are not members of the Paris Club, debt trade creditors (private sector foreign) debt of the Gulf Cooperation Council ( GCC ) in addition to contracts for consultants (legal and accounting).  It is said that Iraq 's foreign debt position, according to the announcement by the Ministry of Finance years ago, shows that the total debt has been settled for the countries of the Paris Club were up $ 51.6 billion in 2004 and became the end of 2012 up to 9.444 billion dollars.  Also, the total debt has been settled for countries outside the Paris Club was up to 18.33 billion dollars in 2004 and became up to 2.712 billion dollars in 2012, while total commercial debt has processed up to $ 19 billion in 2004 totaled became in 2012 (3.681) billion dollars.

[tigergorzow]

Yota Thanks, DV,  Excellent news the more countries to cancel debt hopefully the higher RV / RI rate....

[yota691]

Iraq is close to resolving the external debt profile

 

 

Economy News / Baghdad ...       At a time when Saudi Foreign Minister Adel al-Jubeir revealed his country's intention to cancel the previous debt owed by Iraq and to improve bilateral economic relations, an economic researcher stressed the importance of closing the external debt profile and orientation towards real and effective development of the LAPD. A Foreign Ministry statement has said that the minister Ibrahim al-Jaafari met with his Saudi counterpart, Adel al-Jubeir on the sidelines of the international coalition meeting against "Daesh" in Washington DC, and discussed with him bilateral relations and the development witnessed in the past period, and ways to deepen, and open new horizons for joint cooperation in all fields . The two sides agreed - according to the statement - the need for exchange of visits between officials of both countries, including the minister of trade and industry during the coming period to increase the volume of trade exchange and investment. Jaafari stressed Iraq's desire to establish better relations with Saudi Arabia, pointing out that the country is still in need of financial support, and the reconstruction of the infrastructure of the Iraqi cities after its liberation from the grip of the entire "Daesh." For his part, the Saudi foreign minister expressed satisfaction with the visit of the Iraqi delegation to Riyadh, describing it as good and came to activate the volume of cooperation between the two countries. He revealed Jubeir for his country's intention to cancel the previous debt owed by Iraq, noting his country is seeking to open a flight route from Riyadh to Baghdad and Najaf in the framework of strengthening bilateral relations between the two countries. And it threw amounts of external debt shadow on the economic performance of Iraq in terms of its impact on public budgets, which resulted in accumulated debt, due to the events experienced by the country, the need to get rid of them for their access to the settlement of such debt as they have a clear impact in supporting economic development. Economic Researcher Firas Amer pointed out that the closure of the external debt profile, particularly Gulf ones, become necessities required by the current phase in order to begin the process of real economic development as the those debts restrict the Iraqi economy and impose upon specific mechanisms for investment spending has significantly influenced the development of the country. Amer saw the possibility of converting some other external debt to a long or medium-term investments in coordination and agreement with creditor countries to do so. According to the Saudi debt owed by Iraq, the sources of about $ 15 billion. The classified Iraq's foreign debt on four categories: all of the debt of countries of the Paris Club debt of countries that are not members of the Paris Club, debt trade creditors (private sector foreign) debt of the Gulf Cooperation Council (GCC) in addition to contracts for consultants (legal and accounting). It is said that Iraq's foreign debt position, according to the announcement by the Ministry of Finance years ago, shows that the total debt has been settled for the countries of the Paris Club were up $ 51.6 billion in 2004 and became the end of 2012 up to 9.444 billion dollars.  Also, the total debt has been settled for countries outside the Paris Club was up to 18.33 billion dollars in 2004 and became up to 2.712 billion dollars in 2012, while total commercial debt has processed up to $ 19 billion in 2004 totaled became in 2012 (3.681) billion dollars.
Views 120   Added 03/25/2017 - 10:51   Last updated 25/03/2017 - 17:30   No. Content 6982

[yota691]

Steps Saudi new towards strengthening relations with Iraq

© AP Photo / Jacquelyn Martin

ARAB WORLD

25/03/2017 16:37

The Iraqi government announced the intention of the Kingdom of Saudi Arabia to cancel their debts, and the conduct of airline directly to Baghdad, in an effort to strengthen relations between the two countries.

This comes at a time when relations between the two countries is witnessing an unprecedented openness, accounting for exchange visits punctuated by an optimistic future close relations statements. 

For that head of the political decision of the Iraqi Center Hadi JLo Mari says the agency "Sputnik", "what makes the step kingdom seriousness toward Iraq and of cancellation of debt owed by Baghdad to the Queen is a link this step efforts by Saudi Arabia to change its policy in the region, where he began to feel some embarrassment as a result of overlapping files have in Syria, Bahrain, Yemen, Iraq and Lebanon, as well as the depletion of their resources in the war in Yemen, as well as the need to keep pace with the American player as part of the US strategy in Iraq changed by President Trump, who Saudi Polly met Prince and he had contact with King Salman, also Mhao Latt Saudi Arabia are close US attempts to change the situation in this country and push for reducing the influence of Iran, especially since the United States is that Iran is very influential in Iraq, and spearheaded the project to change the situation in Iraq are Saudi Arabia and not another country, the fact that Saudi Arabia the only country qualified to cope with Iran in Iraq, so the Riyadh understood the vision of America. "

© REUTERS /

Iraq is witnessing a historic event brings tourist glories

 

He Marei "Had this American project subtracted from another country other than the United States for Tqublth Arabia. I believe that the seriousness of the Kingdom pegged to the US position hard towards Iraq, as well as a sense of Riyadh that the previous policy pursued with Baghdad were not successful and did not achieve the goal, and it was a failure Overall, therefore you must change the way they ran out of Riyadh things. among these measures was the Saudi foreign minister's visit to Baghdad as well as the appointment of an ambassador and open corridors border land, air and strengthen economic and trade relations, and the determination of the Kingdom to cancel the debt owed by Iraq, this procedure T. linked to a new variable rate I think it would be with the greatest influence in the next phase. " 

For his part, journalist and political writer Ghyath Abdul Hamid told "Sputnik" "I think that Saudi Arabia steps toward Iraq came within the framework of the US decision to return Iraq to the Arab fold the main purpose is to resize Iran, it is known that Iran has large interests in Iraq, on the basis of this understanding United States of Saudi Arabia and other Arab countries ordered to cooperate with Iraq and reduce the hostility of Iraq and Iraq's embrace of a new language, and the Arab states at the Arab summit meeting to be held in Jordan intend to condemn Iran as it leads the terrorism in Iraq and the region. "

He said Abdul Hamid, "with regard to the reconstruction of Iraq corresponds there are serious representations to the US side has done so since its invasion of Iraq in 2003, and when the United States was organized Daesh in Iraq, which today supports dividing Iraq through support for the federations. The Iraqis have lost faith in America and Saudi Arabia and Britain."

[George Hayduke]

3 hours ago, yota691 said:

For his part, journalist and political writer Ghyath Abdul Hamid told "Sputnik" "I think that Saudi Arabia steps toward Iraq came within the framework of the US decision to return Iraq to the Arab fold the main purpose is to resize Iran, it is known that Iran has large interests in Iraq, on the basis of this understanding United States of Saudi Arabia and other Arab countries ordered to cooperate with Iraq and reduce the hostility of Iraq and Iraq's embrace of a new language, and the Arab states at the Arab summit meeting to be held in Jordan intend to condemn Iran as it leads the terrorism in Iraq and the region. "

There it is. 

[Officiallytook]

55 minutes ago, George Hayduke said:

There it is. 

[mylilpony]

Saudi arabia announced in 2016 that they were offering an ipo for their Aramco oil company on the u.s stock exchange. Just saw an interview on fox news that they are still on target for the 2018 launch. Remember when i said that iraqi oil and gas companies will soon be on the iraqi stock exchange? Can you imagine if they end up on ours !!!!

[Mask Phantom]

On the road to recovery,  and success. .....

[ChuckFinley]

19 hours ago, Mask Phantom said:

On the road to recovery,  and success. .....

Can not happen fast enough.

[yota691]

An economic expert: Saudi Arabia will fall on Iraq debt

 

 

Economy News / Baghdad ...      He expected an economic expert peace Sumaisem, that Saudi Arabia is to bring down the debt owed by Iraq in the coming period, according to the announcement by the Saudi government, while suggesting that those amounts was a grant and not a debt. Sumaisem said in a press interview, the real debt owed by Iraq amounted to $ 120 billion, according to Adel Abdul Mahdi, announced two days ago at a global conference, indicating that these types of debt, including government and private entities, as well as for accumulations and sanctions. She said, we are talking today about the Saudi debt and the possibility of bringing it down from Iraq by the ongoing diplomatic pressure, noting that out of those debts was a grant and turned into debt because of the previous regime to enter Kuwait. He noted that the lifting of the debt would have a good effect as well as for the debts of Kuwait.
Views 16   Date Added 31/03/2017 - 11:48   Last updated 03/31/2017 - 12:41   No. Content 7031

[Wiljor]

Good morning Yota and thank you for your amazing stamina here in DV 

 

Saudi Arabia and Iraq will make a very strong alliance and will stomp Iran back to the Stone Age along with the help as well from the US. 

Another indication DV that Iraq is on the right track, meaning, I'm sure the Saudi,s would not partner and forgive a billion dollar debt just because. They see a very good risk reward ratio. 

This is getting good and reading between the lines is getting easier and easier.....................  More  

 

Edited March 31, 2017 by Wiljor

[Synopsis]

2 hours ago, Wiljor said:

Good morning Yota and thank you for your amazing stamina here in DV 

 

Saudi Arabia and Iraq will make a very strong alliance and will stomp Iran back to the Stone Age along with the help as well from the US. 

Another indication DV that Iraq is on the right track, meaning, I'm sure the Saudi,s would not partner and forgive a billion dollar debt just because. They see a very good risk reward ratio. 

This is getting good and reading between the lines is getting easier and easier.....................  More  

 

I am with you, Brother! I was surprised to suddenly see Saudi Arabia out there big and bold proclaiming their intent to forgive the debt against Iraq.

Yep.................

More 

[yota691]

Fatlawi opened fire on al - Abadi because Saudi Arabia and asks: prostration or joke ridiculous?

 

 

 18 hours ago

 

 

Twilight News / MP Hanan al launched a scathing attack on Iraqi Prime Minister Haider al-Abadi because of a statement in which the latter said that Saudi Arabia does not support terrorism, wondering, "Is this a joke remark ridiculous? Or a new kind of prostration?".

He wrote Fatlawi on the front page site social networking "Facebook", that "we peered out our prime minister yesterday to say that Saudi Arabia does not support terrorism and that the Iraqi people are mistaken belief that Saudi Arabia supports terrorism, forgetting that he himself when he received the verdict spoke openly about Saudi support for terrorism."

She asked Fatlawi "Saudi Arabia does not support terrorism joke Is it ridiculous? Or prostration of a new type? Or is it an American orders?", Noting that "Abadi forgotten dozens of Saudi suicide bombers who blew up in Iraq and some of them who are still in prison."

Showed that "Abadi also forgotten how many vehicles carrying Saudi numbers with terrorists and atonement fatwas issued from inside and outside the Grand Mosque in Mecca," she wondered, "Is the Iraqi people is wrong, my state president?".

Addressing Fatlawi Abadi, saying, "You were a rapprochement with Saudi Arabia, even if according to American dictates but do not make yourself a laughingstock to everyone."

The Prime Minister Haider al-Abadi, expressed in a television interview on Thursday, expressed the hope to restore relations with Saudi Arabia and other Arab countries to normal, saying: "There is an impression to Saudi Arabia that Iraq followed by Iran, there is the impression general of the Iraqi people have that Saudi Arabia supports terrorism and Alantabaaan are wrong. "

[yota691]

Parliamentary services: We welcome Saudi investing if not for another purpose

economy

 Since 04/02/2017 19:16 am (Baghdad time)

Special - balances News

Commission Parliamentary Services explained, Sunday, they hand control Mrach goal of investment contracts in the country, while welcomed Saudi companies invested, provided that they do not have other purposes.

A member of the Committee on Huellet's / balance News /, "there is no rejection of the contracts for Saudi investment with the government, if those contracts and work procedures are realistic and correct, it will be the government and parliament supportive of such projects, especially during the current period."

He added Huellet, "But if these investments are not real and fake, and behind them for other purposes, it certainly will confront rejection, especially since there are fake companies worked to invest in Iraq, but there were no significant results."

He concluded, "We as a control for investment contracts well know international companies, but companies offering adoption to invest in Iraq is well-known papers," explaining that "the presence of the Commission services and reconstruction in the House of Representatives, is Mrach work contracting with the All ministries of investment companies."

It is noteworthy that Prime Minister Haider al-Abadi confirmed on Friday that the Iraqis believe that Saudi Arabia is supportive of terrorism is wrong, pointing out that there is the impression that Iraq, Saudi Arabia, which follows Iran also ordered Khati.anthy 29

From: Ali Apostolic

[davis411]

Great news me thinky

but I am tired and

zzzzzzzzzzzzzzzzzzzzzz

rv you mf 

nm that's rude I will not finish my statement 

just rv u xxxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

 

davis for president if this rv thing does not work

[yota691]

Interior: Iraqi agreement - Saudi opening implementers new

4/11/2017 0:00    In order to activate trade exchange operations and passenger transport  Baghdad / Taha Hussein Ended the Directorate General of border ports affiliated to the Ministry of the Interior, all the necessary preparations for the opening of the crossings implementers passengers and cargo to transport and trade exchange between Iraq  And Saudi Arabia.  Major General Engineer Sami Abdul - Hussein told the Sudanese »Sabah»: The Saudi Foreign Minister Adel Alajabirabidy during his recent visit to Iraq, Saudi Arabia is ready to open new outlets for the transport of goods and passengers between them and Iraq.  He said the Directorate and in response to the directives of the Presidency of theCouncil of Ministers has formed a committee headed by general border ports director and membership of the Director General of the General Administration of Customs representatives from the Ministry of Finance and Director General of the Land Transport representatives from the Ministry of Transport, its mission complete the procedures relating to the creation of infrastructure and other works implementers who have been chosen to be as a starting point for the resumption of trade exchange between the two countries operations, pointing out that the Directorate has chosen a location within theport and port Arar Baraachit in the province of  Muthanna.  He noted that the Directorate of pending orders that will be issued by the Council ofMinisters to open these ports after they have completed all preparations related to this.

[ChuckFinley]

Nice to see other countries stepping in to do business in Iraq.