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

[vato96]

Hmm the gcc countries lowest currency is .27 cents to the dollar a great start for the dinar.

[ComPLX]

14 hours ago, Synopsis said:

Is it related to "trade" as in, potentially, "World Trade Organization

 

Makes sense. UAE and Saudi Arabia are in the WTO and could be co sponsors  

[tigergorzow]

Riyadh supports Baghdad's economy with huge investments

August 20 2017 01:19 PM

Riyadh supports Iraqi economy

 

 

The Saudi government plans to set up huge investment projects in Iraq to support the country's local economy and encourage the Saudi private sectors to invest in Baghdad, Saudi Arabia’s Chargé D’affaires in Baghdad Abdulaziz al-Shammari revealed on Saturday.

Al-Shammari said that these projects will be carried out across Iraq. 

He also noted that approving the establishment of a Saudi-Iraqi Coordination Council by the Saudi council of ministers stressed Riyadh's eagerness to bolster bilateral relations.  

The Saudi Arabia's embassy in Iraq is receiving Sunni and Shiite businessmen without discrimination, he further stated.

He added that the Saudi-Iraqi rapprochement contributed to the decline in sectarian polarization.   

The Iraqi-Iranian relation is an internal Iraqi affair, Shammari said, adding that Saudi Arabia does not interfere in other countries' affairs.

 

http://www.thebaghdadpost.com/en/story/15939/Riyadh-supports-Baghdad-s-economy-with-huge-investments

[yota691]

Saudi Arabia announces location of commercial deposit near Arar port

Economy News _ Baghdad The Chargé d'Affaires of the Saudi Embassy in Baghdad, Abdul Aziz Al-Shammari, announced on Sunday the selection and selection of commercial depository site near the port Arar link between the two countries, pointing out that the site of trade exchange yard can be used in the export of goods to other countries. Al-Shammari said in an interview with the Saudi newspaper Al-Riyadh and his follow-up, "The Economy News", that "the location of the commercial deposit has been identified and selected near the new Arar outlet, and the subject options are being considered in all respects to be put to private investment, "He said.  He added that "the region is the first trade exchange in the Kingdom of Saudi Arabia in the new port of Arar, which is currently on the study by the Emirate of the northern border and the Ministry of Commerce," pointing out that "will be decided during the next week in terms of area and determine the need, What requires the port of logistics required by the arena. " Al-Shammari said that "the site of the trade exchange in a new outlet Arar is not between the Kingdom and Iraq, but can be used in the export of goods to other countries; Turkey and East Asia," stressing that "the arena must be a model worthy of the Kingdom, and for that not to rush in the resolution To study the subject from all aspects and aspects. " He pointed out that "there is a committee from the Northern Frontier Emirate is considering the needs of the arena and will decide on it during the next week and raise to the competent authorities," noting that "work is continuing at an accelerated pace to provide all possibilities in a new port Arar to be fully ready at the opening of the port with the port Arar Iraqi border , And all things bode well and the relations between the two countries in a continuous development, and will not stop the Kingdom in the convergence and support the Iraqi people and stand by their side in various fields.

Views 24   Date Added 08/20/2017

[DinarThug]

Shhh ...

 

     

 

 

 

http://www.iraqtradelinknews.c.....r-new.html

Secret Iraq-Saudi talks for new alliance

      20th August, 2017
The British the Guardian daily disclosed that "serious" talks are underway between Saudi Arabia and Iraq to form a new alliance to grant Riyadh a pioneering role in rebuilding Iraqi war-torn cities.

In its report, this move is to regain Iraq into the Arab lap, away from Iranian hegemony.

It referred to previous months' meetings that attempted to limit Iranian intervention into Iraqi affairs, which was increasing since toppling Saddam Hussein's regime kin 2003.

The paper added that the visits of the Shiite leader Muqtada al-Sadr to Saudi Arabia and the United Arab Emirates are regarded as a new step to develop relations with Gulf countries.

On the other hand , Saudi Arabia will open two consulates in Basra and Najaf provinces, Iraqi sources reported.

No response was made by the two countries.

##################

 

 

 

https://www.iraqpressagency.com/?p=251074

Saudi-Iraqi negotiations to form a new alliance and return Baghdad to the Arab embrace

 

 

19th August, 2017

 

 

Serious negotiations are under way between Iraq and Saudi Arabia to form a new alliance that would give Riyadh a leading role in rebuilding Iraq's war-torn cities.

A report in the Guardian newspaper that Saudi Arabia is in constant talks with the Iraqi parties in an effort to return Iraq to the Arab embrace away from Iran.

The meetings between senior officials of the two sides over the past six months focused on standing with Iraq and limiting the interference of Iran, whose influence in Iraqi affairs has increased remarkably since the overthrow of Saddam Hussein in 2003.

The Guardian said that Iraq and Saudi Arabia exceeded the differences of the past years and exchanged an official visit, which was Prime Minister Haider Abadi and the signing of agreements of partnership and investment and reconstruction with Saudi Arabia.

The official visit of Muqtada al-Sadr to Riyadh, and then to the UAE, added a new opening in relations between Iraq and the Gulf states.

 

[Gypsygirl11]

Saudi is going to be Iraq's saving grace.  This is a beautiful thing !!!    Bring it.

[Wiljor]

Morning Yota and Thugs, thanks and very much appreciated 

 

Saudi Arabia is a big time international player with billions to invest, so it only makes sense that they would like to capitalize on the biggest investment opportunity on the planet. These two countries teaming up will make them the powerhouse of the ME, look at what's taking place as of late, and,  now we can see many other companies getting involved. In my humble opinion, the true value of the IQD will be brought back once the holes have been plugged from the years of corruption and bleeding of Iraq's wealth, and we know who they are. Since the liberation of Mosul we have seen many important notices coming from the CBI and they are honing in on completing Abadi's and,  the global mandate of a solid banking foundation. The security situation is becoming better with Tal Afar being the IS last stronghold and hopefully once this mission has been fulfilled they will tackle the next big challenge which is already underway, the prosecution of past criminals for crimes against its people, again, we know who they are. 

* Foreign investment is beginning to flood iraq.

* Security improving.

* Rebuilding has commenced.

* A solid international banking foundation in place.

* Corruption being dealt with.

And the list goes on and on, so, do you think the IQD is at its true value today?  The signs are all around us that Iraq WILL be brought back to its former glory, and the progress as of late is proof of that. 

Anyhow, enough of my rant, wishing all here a fantastic Sunday and may God bless us all. 

[skeetdog]

Thanks DT/Yota....This will be looked back on as one of the cornerstones moves made in the ME to strength it presents in world markets for decades...Winners Winner...Chicken Dinner....

[ChuckFinley]

1 minute ago, skeetdog said:

Thanks DT/Yota....This will be looked back on as one of the cornerstones moves made in the ME to strength it presents in world markets for decades...Winners Winner...Chicken Dinner....

[blueskyline]

Thanks Yota .............. Wow !

 

[yota691]

A Saudi commercial industrial delegation led by the Minister of Energy is visiting Baghdad today

Economy News _ Baghdad - A Saudi industrial and trade delegation will visit Iraq on Tuesday to discuss industrial and commercial relations and increase the volume of trade exchange between the two countries.  A source in the Ministry of Industry for "Economy News" that "an industrial and trade delegation will visit the capital Baghdad today, indicating that the delegation will be chaired by Minister of Energy, Industry and Mineral Resources Engineer Khalid bin Abdulaziz Al-Faleh."  He pointed out that "the Iraqi-Saudi talks will be held tomorrow to develop economic and industrial relations between the two countries, especially in the areas of energy will be discussed while increasing the volume of trade and industrial exchange between the two countries."  The Saudi delegation will meet with a number of Iraqi businessmen in different sectors. On 21 June, Iraq welcomed the Minister of Industry and Agency Mohammed Shiaa Sudanese to open the field in its markets for Saudi manufacturing industries, medium and light, especially food and pharmaceutical industries, while allowing the Saudi exports needed by the Iraqi market, which are characterized by quality and competitive prices.

Views 34   Date Added 22/08/2017

[yota691]

Saudi Arabia blesses the victories of our security forces

23/8/2017 1:54 AM     BAGHDAD /  AL -  SABAH Saudi Arabia has blessed the victories achieved by our security forces to "call on" the terrorist, the Kingdom's agencies praised the Iraqi forces in their fight against the gangs "calling" terrorists and liberating Iraqi territory from them.  This came in the words of the Saudi charge d'affaires in Iraq Abdul Aziz bin Khalid al-Shammari during a meeting with Defense Minister Irfan al-Hayali on Monday evening. "Al-Hayali and Al-Shamri discussed the bilateral relations between the two countries, especially with regard to the military aspect and the protection of the pilgrims through the Arar border crossing between the two countries, which was opened soon," a Defense Ministry statement received by al-Sabah said. For his part, congratulated Saudi Chargé d'Affaires, the Minister of Defense on the victories achieved by the heroes of the Iraqi armed forces against the terrorists «Dahesh», indicating that «the whole world today is confident of the ability of Iraqi forces to liberate the rest of its territory of the desecration of terrorism, and victory is certain in battles Edit TALFAR الجارية الآن ».  The defense minister thanked the Saudi government for supporting Iraq in its fight against terrorism, stressing that "the Bushra liberation of Tal Afar will soon pour out to the whole world and it will only be a matter of time and liberate all Iraqi territories from the desecration of terrorism."  It is noteworthy that the Iraqi-Saudi relations have witnessed in recent weeks a close convergence of relations and exchanges of visits of officials of the  two countries.

[yota691]

URGENT Saudi trade minister arrives in Baghdad

Release date: 2017/8/22 21:30 • 292 times scheduled

(Baghdad: Al-Furat News) Saudi Trade and Investment Minister Majid bin Abdullah Al-Qasabi arrived Tuesday evening in Baghdad.

On August 15, the Saudi cabinet approved the minutes of the establishment of the Saudi-Iraqi Coordination Council, which "enhances the chances of trade exchange and cooperation with Iraq to improve relations between the two countries." He expressed the Kingdom's keen desire to open all areas of cooperation with Iraq to serve the interests of Iraq. Two countries. " 
Al-Qasabi said after the Council's approval that the next phase of the economic and trade relations between the Kingdom and Iraq will witness great cooperation that will contribute to increasing trade exchange and provides investment opportunities in all fields, especially the commercial, agricultural and industrial fields. Obstacles and encourages investment "

[yota691]

Saudi Trade Minister to Abadi: We want to correct the previous tracks with Iraq

Release date: 2017/8/22 23:52 • 314 times read

[Ayna-Baghdad] 
Prime Minister Haidar al-Abadi received on Tuesday evening Saudi Minister of Trade and Investment Majid bin Abdullah al-Qasabi with a large delegation of government officials in the economic files and businessmen.

"During the meeting, they discussed enhancing the bilateral relations between the two countries in the economic, trade, agricultural and investment fields as well as the petrochemical industries," a statement issued by the Prime Minister's Office said. 
"The Kingdom of Saudi Arabia's desire for economic openness and trade exchanges, strengthening brotherly ties between the two countries and economic partnership, looking forward to the interests of the two peoples and correcting the previous tracks," al-Kassabi said.

[yota691]

President of the Association of Private Banks meets Deputy Governor of the Saudi Arabian Monetary Agency

Economy News _ Baghdad The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, met yesterday with Dr. Fahad bin Ibrahim al-Shathri, deputy governor of the Saudi Arabian Monetary Agency.  During the meeting held in the Iraqi Council of Ministers, the two sides discussed the issues of banking cooperation between Iraqi government and private banks and similar ones in the Kingdom of Saudi Arabia, especially in the areas of compliance requirements and credit risks.  The two sides agreed to hold a second meeting in New York on the sidelines of the Arab Banks Union conference on October 16 to continue to discuss the prospects of banking cooperation between the two brotherly countries.  Dr. Al-Shathri expressed the Kingdom's desire to promote and develop banking cooperation with Iraq in the framework of broader cooperation in various economic, financial and trade fields. He also expressed a similar desire, stressing that banking cooperation between the two countries will open wide horizons for traders and investors in both countries.  Dr. Al-Shathri is one of the members of the high delegation accompanying Saudi Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi, who arrived in Baghdad yesterday night for an official visit to Iraq.  The Saudi delegation met with Prime Minister Haider al-Abadi and met with   an Iraqi delegation that included the ministers of planning, agriculture and electricity, the head of the Investment Authority in the presence of a number of Iraqi businessmen and economists.   The two sides discussed issues of cooperation in various fields within the framework of the Iraqi-Saudi Coordination Council, which was announced recently.

Views 436   Date Added 23/08/2017

[yota691]

Iraqi-Saudi agreement to achieve strategic partnership in economic and trade fields

economy

 Since 2017-08-23 at 10:31 (Baghdad time)

 Baghdad Mawazine News

Iraq and Saudi Arabia agreed to pursue the strategic partnership in the economic, trade and investment fields to serve the common interests of the two countries .

This came on the sidelines of the official visit of Saudi Minister of Trade and Investment Majid bin Abdullah Al-Qasabi and his accompanying delegation .

"The visit will mark the beginning of a new era of economic, trade and investment relations between the two countries and all fields of joint cooperation to achieve the aspirations of the governments of both countries and their peoples, which will contribute to the challenges facing the joint relations between the two countries, In the stability and security of the region. "                                                     

For his part, the Saudi Minister Majid al-Kasabi said on his country's keenness to promote and develop relations between the two countries to achieve economic partnership and establish the Saudi-Iraqi economic council to reach a real economic strategy.

Al-Qasabi pointed out that "this visit will be to identify the reality of the Iraqi economy and its areas and the need of the Iraqi market in addition to finding solutions to the problems and challenges through convergence of views between the two countries and in order to achieve the common interests of both of them will be followed by subsequent visits as well as the establishment of a forum for Saudi and Iraqi businessmen                                                 

The Saudi delegation will hold meetings with the Federation of Iraqi Chambers of Commerce and the Federation of Industrialists and a number of Iraqi businessmen. "                                                   

The Saudi delegation included the President of the Saudi Chambers of Commerce, a number of Saudi businessmen, representatives of the chambers of commerce and a group of government institutions, the Export Authority and the Saudi Monetary Agency.

[yota691]

Abadi adviser to «economy News»: the development of Saudi-Iraqi relations beginning to open the economy of Iraq to the Gulf States

Appearance of Mohammed Saleh

Economy News Baghdad: The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Sunday, that the visit of Saudi Minister of Trade and Investment, Majid al-Kasabi, is the beginning of the opening of Iraq's economy to the economy of the Gulf States.  Saleh said in an interview with «Economy News» that «the visit of the Saudi Minister of Trade and Investment to Baghdad recently, is conducive to the development of economic relations between the two neighboring countries and restore ties of normal relations between all neighboring countries», considering this visit «a new beginning of the opening of Iraq's economy to the economies of countries Gulf and Neighborhood. He pointed out that «Iraqi-Saudi relations will achieve the mutual benefit and mutual interests of Iraq with all countries and on the basis of parity and the emergence of an atmosphere of long-term stability in trade relations, investment and economic in various fields and key levels of these ties». It is noteworthy that the Saudi Minister of Trade and Investment Majid bin Abdullah al-Qasabi, visited Baghdad August 23, 2017, and stressed his country's desire to correct what he described the previous tracks with Iraq, during his visit to Baghdad. He met with Prime Minister Haider al-Abbadi. The visit comes as finalizing the opening of the border crossing between the two countries, as Saudi Arabia seeks to open new horizons of trade and economic cooperation with Iraq after a break of about 27 years.   Views 83   Date Added 08/27/2017

[Big_J]

GM YOTA AND DV.

[ChuckFinley]

On August 17, 2017 at 0:29 AM, ComPLX said:

Time to play connect the dots:

• Trump is cool with Saudi Arabia. Why? Because we are not cool with Iran.
• Saudi Arabia (Sunni) doesn't like Iran (Shia).
• Iran has been meddling with Iraq affairs since forevurary
• Enter Saudi Arabia.....literally.....including thier armed forces.
• PLOT TWIST: Sadr (Shia) goes on a love tour through MENA, starting with Saudi Arabia. Now they're friends
• Maliki is seeking asylum...and not getting it.
• Government corruption is being addressed.

There is way too much stuff coming together that points towards an RV occuring soon. 

 

Like your thought process. 

[blueskyline]

http://www.alsabaah.iq/ArticleShow.aspx?ID=143361................

Saudi-Saudi rapprochement paves the way for a major economic power

 

27/8/2017 12:00 am  Baghdad / Hussein Thagb / Farah Al-Khafaf   Common economic areas starting from the possession of the largest oil reserves and the world's largest religious centers in the world can be made from Iraq and Saudi Arabia, a major economic force in the world and attract the largest companies on the level of the globe. The financial adviser to Prime Minister Dhahra Mohammad Saleh told Al-Sabah: Iraq and Saudi Arabia are in two main points: first, they are the world's largest producers of oil and reserves, and the Gulf, while the other side is the largest religious center in terms of world view And the continuation of tourism in both countries throughout the year.   Industrial production Saleh stressed the need to activate the economy of peace and that the stability of the two countries in peace is a magnet for the world and will work the major international companies in these two countries to achieve economic growth desired, pointing to the possibility of transferring industrial production lines from Saudi Arabia to Iraq and activate trade cooperation where trade costs between the two countries.  Saleh pointed out the possibility of achieving economic integration between the two countries to achieve strength in front of the world. Agricultural areas Saleh pointed to the importance of benefiting from the Saudi industries, which produce according to the best international standards and there is great benefit for the two countries to activate trade exchange. It is also possible to invest the Saudi energies in establishing major farms specialized for export benefiting from their experience in this field, especially that Iraq has large agricultural areas that can be invested in This can also be done in the aviation sector, where there is a continuous pilgrimage to the holy house of Allah and constant visits to the holy shrines in Iraq. The largest market, either economic specialist Ali Faleh al-Zaidi, he stressed that the Saudi-Iraqi rapprochement develops and grows gradually with a common desire. Saudi Arabia said that keeping away from Iraq is the loss of the largest consumer market in the region, pointing out that the awareness of those concerned with the Saudi economy realized that Iraq should not be left away from their country because it is a big country and promising its potential.  In light of the decline in oil prices in 2014 in the global markets, the imposition of the reality of the situation on countries to raise measures to confront such pressures and effects and began most of the economies to seek to activate the investment industry and trade.  If we return to the available ground for the success of relations, we find that the two countries have a distance of 814 kilometers and within this border area there are 40 Saudi security centers established in 2014. A great benefit Zaidi said that through the convergence of the two sides to open border rivals, including Arar on the borders of Anbar and Gemima On the borders of Samawah in southern Iraq and there are other outlets will be opened to expand the prospects for cooperation and trade exchange between the two countries, and increasing openness will be of great benefit to Iraq, which suffered from the world for long periods of wars and destroyed the infrastructure and industrial facilities and exhausted his agricultural ability to enter C, bringing to other countries needs to market products.  The Saudi market is highly productive, stable and growing, and is looking for this market for the export of goods and for investment Iraq is one of the best countries in the world prepared for these purposes now and in the future.  Al-Zaidi said that the Saudi-Saudi rapprochement is beneficial to the two countries through the stability of the oil market, which is a stable return and better prices through coordination with Saudi Arabia, creating better security stability, as well as extinguishing Iraqi debt to Saudi Arabia of about 15 billion US dollars previous system.  He pointed out that the rapprochement with the Kingdom encourages the Gulf and Arab openness to Iraq, especially the business and investment. The opening of the Iraqi-Saudi border will enable Iraq to obtain better and higher quality goods, increase liquidity in Iraq and employ national cadres as well as the opening of financing institutions such as the Arab Monetary Fund In Abu Dhabi and the Islamic Development Bank, based in Jeddah. The other banking institutions in the Arab world are encouraged to open up to the Iraqi private and public banking sector. Credit rating and noted that Saudi investment focus will be in the gas industry and petrochemicals industry, agriculture, industry and trade, stressing that the great benefit that would accrue to Iraq is that we have referred to above is to raise the sovereign credit rating of the Iraqi state and the cost of lending from the global market will decline and the International Monetary Fund.  The policy of the Prime Minister Dr. Haider Abadi wise, attracting regional and international countries to Iraq to seek economic partnerships after the Iraqi victories and create the appropriate atmosphere for that, the neighboring countries rushed to seek to participate in the campaigns of construction and reconstruction, and after the start of the stage of real investment in the country, which he sees Observers for "morning" as "an important step" that will strengthen relations and increase cooperation in various fields.  "Countries such as Saudi Arabia, Iran, the United Arab Emirates and even Jordan are working to strengthen cooperation with the victorious Iraq," said Thamir al-Azzawi, a financial expert.  He pointed out that " The Minister of Planning and Trade Salman Jumaili has invited the Saudi side to hold a permanent exhibition on the ground of the Baghdad International Fair, in addition to their participation in the sessions of the exhibition. Development of Relations The visit of the Saudi delegation headed by  Minister of Commerce Majid al-Kasabi ended to Iraq after meetings with the Prime Minister  and a number of officials to discuss ways of developing bilateral relations between the two countries on various political and economic levels to serve the aspirations of the two peoples and rectify previous tracks. During the meeting, Al-Jumaili stressed the strong desire and will between the two sides to facilitate many scientific and practical steps that are in the interest of the two brotherly countries. Al-Qasabi affirmed "the seriousness and will of the Saudi government for cooperation and openness in all fields. Examination and quality control and agreement to resolve the problems and obstacles and challenges facing Iraq and Saudi Arabia. "  Experts and specialists of al-Sabah said that the strengthening of Iraq-Saudi relations would go beyond the borders of the map to the weight of the two countries, opening up closed doors that the countries have succeeded in thanks to new policies that have the wisdom of opening them, paving the way for a golden era of relations destroyed by the dictatorial regime. It is noteworthy that the volume of trade exchange between Saudi Arabia and Iraq is 2.24 billion riyals currently "about 600 thousand dollars," according to the Saudi Press Agency. Saudi Arabia opened its embassy in Baghdad in 2015 after nearly a quarter of a century of closure following the invasion of Kuwait's oppressive Saddam regime in 1990. Observers believe that the opening of Arar and Jamaima port will strengthen relations between Iraq and Saudi Arabia and contribute to the return of stability and employment opportunities for both parties.

[yota691]

Iraqi economic forum - Saudi in September

29/8/2017 12:21 AM   Baghdad / Hussein Thogb The   march of openness to the most important global economic blocs and regional continues and comes after the world's major economies confirmed the role of Iraq on the large arena of the global economy, with the wealth and strategic sites are very important for the overall production processes of all international specialized companies.  Today we stand at an important detail in the march of the Iraqi economy represented by the great openness between the two brotherly countries Iraq and Saudi Arabia and the announcement of the establishment of the Iraqi-Saudi Chamber of Commerce and Industry which aims to bring about a major change in the shape of the national economy and transforming Iraq from an importer to cover the market requirements to the producer and exporter of various goods.   The president of the elected chamber Firas Rasul al-Hamdani said: Based on the initiative prepared by the Prime Minister to open up to the Gulf States, the Federation of Iraqi Chambers of Commerce directed the establishment of the Iraqi-Saudi Joint Chamber of Commerce and Industry.  He said in an interview for "morning" that the openness between the Iraqi and Saudi economists leads to positive results in all cases and can achieve integration in many economic joints. Al- Hamdani said that the ambassador of Saudi Arabia to Iraq confirmed yesterday that King Salman has supported all projects in Iraq in the service sectors and productivity through the investment portal and the Saudi investor's entry strongly, and that the Kingdom supports the trends that make Iraq to become an importer of materials to a country A source for it, "according to the ambassador of the Kingdom in Iraq," and turned Iraq from nearly 27 years to the importer of most of the goods and goods needed by the local market  a Saudi grant  He stressed that the Saudi King Abdullah's 2006 grant of $ 1 billion will be reviewed and used for the service and financial sectors, and that there are major Saudi companies that wish to work and invest in Iraq.  He pointed out that the Kingdom of Saudi Arabia is the mother of the Gulf States and its entry into the field of cooperation with Iraq means the entry of all other sister countries.  He pointed out that more than 40 economic specialists representing various sectors contributed to the establishment of this room, and it was agreed on the constituent body which includes the sectors of finance, oil and aviation. Noting that the Saudi side nominated 14 personalities for this room, including the Secretary of the Arab Contractors Union Ziad al-Otaibi and the Saudi Industry Ambassador Jassem  al -  Shammari.  A memorandum of understanding and  drew up a memorandum of understanding agreed by the two parties during the coming period, referring to the agreement on the organization of the Iraqi Saudi Forum in September. Al-Hamdani pointed out that the breakthrough adopted by the Federation of Iraqi Chambers of Commerce open to the establishment of common chambers, which carries great economic benefit for all parties, especially as Iraq is a rich country that is interested in the regional  and global effort  .  First Deputy Chairman of the Chamber, Abdullah Tabara, stressed that the future work is large and the size of the Iraqi economy, which requires exceptional efforts should be made with the Saudi side to achieve cooperation of the highest degree of benefit to Iraq.  The Second Deputy Speaker of the Chamber, Suha Al-Kafaie, told Al-Sabah: "The presence of Iraq and Saudi Arabia in a single work is a matter of common interests and means more cooperation and means the two countries are keen on each other and this naturally leads to more stability for the two countries at all levels. For a new economic reality that can benefit the two countries.  A member of the Board of Directors of Al-Arafa Qassim Al-Bahadli, he pointed out that Iraq has wealth and businessmen with extensive field experiences, and this requires us to work with one hand in order to achieve positive results in tune with the size of the Iraqi economy.  He urged that efforts in the coming period towards the integration of the poles of the local effort, the importance of this in support of economic development. The opening stage of the neighboring economies, including the Kingdom of Saudi Arabia means that the next need to work plans accurate and realistic, especially as the Saudi economy is a global impact and has developed sectors can be employed to serve Iraq.   In turn, Chamber member Hassan Falah Hussein said that the integration of Iraq and Saudi Arabia economically is positive and influential at the level of the region and the world, both have wealth and energy, which are important elements in the global market and hence stems from the great importance of this convergence, which will come eat in the near future.  Muhannad al-Saadi member of the Chamber pointed out that the coming period requires that we be files containing a database of the sectors of production and service to determine the reality and then draw plans that would progress gradually and here we can benefit from the experience of the Kingdom, which was able to promote industrial production, agriculture and service aspects .   The member of the chamber d. Anwar al-Yasiri said that the existence of a real approach to the rapprochement between two important economies in the region leads to achieving great economic feasibility in all sectors of production and service to reach the tourism side, which continues throughout the year for the existence of continuous Umrah in the Kingdom is offset by the existence of holy shrines in Iraq   So.

[yota691]

Iraqi Iraqi economic forum in Baghdad soon

economy

 Since 2017-08-31 at 14:28 (Baghdad time)

Baghdad Mawazine News

Baghdad Chamber of Commerce Chairman Jafar al-Hamdani revealed the close of an Iraqi-Saudi meeting in Baghdad, stressing that Saudi Arabia has a tendency to support the national industry and turn it from a country that imported goods to its source .

"The Saudi investment minister's recent visit to Baghdad was agreed with the convening of an Iraqi-Saudi economic forum in Baghdad during the month of October or November next," Hamdani told reporters. "The forum will be held on the ground of the Baghdad International Fair on an area of 1600 meters A cube that is enough to bring in a large number of Saudi companies . "

He explained that "Saudi Arabia has a tendency to support the national industry and the transformation of Iraq from the country of importer of goods to a source," noting that "the Saudi-Iraqi rapprochement serves the economy of Iraq ." Finished

[yota691]

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

Prime Minister Haidar al-Abadi during his meeting with the Saudi Minister of Investment

Economy News Baghdad: The Saudi-Iraqi Coordinating Council is working to achieve five priorities, namely the development of border areas between the two countries, enhancing communication between the two countries, cooperation and protection of common interests, development of partnership between the private sector and promotion of technology and cooperation in scientific research. According to official statistics, the volume of trade exchange between Saudi Arabia and Iraq last year reached about 610.6 million dollars and the trade balance is in favor of the Kingdom. Among the topics expected to be discussed between the Saudi and Iraqi sides is the establishment of an economic forum between businessmen in the two countries under the auspices of the Saudi Ministry of Commerce and Investment in coordination with the Council of Saudi Chambers and the establishment of a joint Saudi-Iraqi business council to enhance trade and investment relations with Iraq. Of Saudi products and obtain a share in the Iraqi market. The two sides will focus on the development of bilateral trade, especially non-petroleum, and benefit from the serious desire of the two parties to build successful partnerships and long-term relations and develop direct investments between the two countries through developing and identifying investment opportunities and offering them to the private sector through chambers of commerce and forums. Dairy, pharmaceutical industry, transportation, contracting and infrastructure. This comes after the decision of the Saudi Council of Ministers to approve the minutes of the establishment of the Saudi-Iraqi Coordination Council, and the delegation of the Minister of Trade and Investment, head of the Saudi side of the Saudi-Iraqi Coordination Council, to sign the format of the minutes. The Minister of Trade and Investment, Dr. Majid al-Qasabi, announced the decision of the Council of Ministers to establish the Saudi-Iraqi Coordinating Council, which promotes trade exchange and cooperation in order to promote relations between the two countries, expressing the Kingdom's keen desire to open all fields of cooperation with Iraq to serve the interests of both countries. The two brothers. Al-Qasabi, who heads the coordinating council and the membership of a number of ministers from the relevant parties, stressed that the Iraqi and Saudi peoples are one social fabric and a common cultural heritage, complemented by the interconnectedness of the blood, the closeness and the neighborhood. The Minister of Trade and Investment explained that the directives that ministers be members of this Council reflect the great importance of strengthening relations between the two countries. The council aims to enhance communication between the two countries at the strategic level, deepen mutual political trust and open up new horizons of cooperation in various fields including economic, development, security, investment, tourism, culture and media, and promote joint cooperation between the two sides in important international and regional affairs. In addition to protecting the common interests and developing the partnership between the private sector in the two countries, and providing the opportunity for businessmen to identify the trade and investment opportunities and to adopt the active means that contribute to helping them to exploit them, including direct and indirect government arms. The Council also aims to encourage the exchange of technical and technical expertise among the concerned authorities through the transfer and promotion of technology and cooperation in the field of scientific research, exchange of visits and participation in training programs, development of the border areas of Iraq with the Kingdom and benefit from the economic cities available to be a major agricultural and industrial source of Iraq and enjoy Stability to settle and be an attractive environment for the private sector and investors. The Minister of Trade and Investment pointed out that the next phase of the economic and trade relations between the Kingdom and Iraq will witness great cooperation that will contribute to increasing trade exchange and provides investment opportunities in all fields, namely: commercial, agricultural and industrial fields, adding that the Saudi- And encourages investment. Al-Qasabi said that the meetings held during the last period between the officials of the two countries reflect the serious desire to enhance cooperation. He pointed out that the Iraqi side expressed its keenness to provide a safe investment environment and provide more incentives for Saudi investments in Iraq. On the other hand, the Kingdom is keen to provide support and facilitate all procedures for foreign investment through laws and an attractive environment conducive to investment while ensuring the achievement of the Kingdom's economic interests, adding that this cooperation will contribute to the establishment of joint projects between our two countries. The Acting Charge d'Affaires of the Kingdom of Saudi Arabia to Iraq said that many investments and projects serving the two countries have been signed and a memorandum of understanding has been signed on air transport in both countries. He pointed out that the port is equipped to serve the current situation. Which serves the commercial movement and passenger traffic. For his part, the Iraqi ambassador to the Kingdom, the opening of the port will strengthen the economic movement between the two countries, noting the keenness to strengthen relations between the two countries in various fields, referring to the services and facilities provided by the Kingdom to the pilgrims of his country.   Views 176   Date Added 06/09/2017