Saudi tribute to the 44th Baghdad International Fair

[Synopsis]

5 hours ago, yota691 said:

Saudi Energy Minister Khalid al-Falih revealed on Saturday the volume of trade exchange with Iraq of 170 billion riyals.

 

170 billion riyals is about 45.3 billion USD.

 

XE Currency Converter: USD to SAR

 

 

 

1 USD =3.75180SAR

US Dollar1 USD = 3.75180 SAR

↔

Saudi Arabian Riyal1 SAR = 0.266538 USD

 

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=SAR

 

Go Moola Nova!

 

 

 

[yota691]

Baghdad exhibition opens its [44]

22/10/2017 12:00 am  BAGHDAD / Al-Sabah morning team   wins a new economic achievement by Iraq on the ground coincides with major victories following the efforts of our security forces fighting the largest forces of terrorism around the world, the presence of qualitative and quantitative first of its kind in the current session, "44" of the Baghdad International Fair is the presence of major international companies, Gulf pearls are major companies determined to support Iraq economically and work together to achieve mutually beneficial integration.   Under the patronage of Dr. Haider al-Abadi, Prime Minister and under the slogan "We liberated our land and with your cooperation, we build" Baghdad exhibition was launched with the participation of 18 countries and more than 400 specialized companies in various economic activities. The land was the latest in the world effort of advanced technologies. To view and cooperate with the best international companies and achieve the economic feasibility of Iraq.  Trade Minister Salman Jumaili said: "Baghdad Fair is an opportunity for trade exchange and reconstruction of what has been destroyed by terrorism."  He said in his speech that opened the activities of the Baghdad International Fair edition of the "44" This exhibition is a gateway to build bridges of cooperation with the world and the introduction of international companies to contribute to the reconstruction of Iraq and the opening of the Iraqi market on the global market. " Joint action between Jumaili" and Zarhaltjarh worked to improve relations Iraq with the countries of the world through the holding of memorandums of understanding with Arab and foreign countries and joint work and effective, especially with neighboring countries and today we see the participation of the Gulf countries in this session. He pointed out that "the activities of this session coincide with the victories achieved by our people and our army in the face of the criminal terrorist gangs that are being expelled now from the last Iraqi territory in all our dear cities that have endured harsh and compelling conditions and are facing terrorism. Those who wanted to conquer the will of the Iraqis and steal their dreams in a free life Gracious. " Economic openness Jumaili explained that "the methodology of the Iraqi government based on economic openness to everyone and grant the Iraqi private sector the opportunity and freedom from the constraints imposed on him in order to take his role in being a key player in the development and development of the Iraqi economy through large investment projects come in partnership with Arab and international companies For his part, the Director General of the Iraqi Exhibitions Hashim Hatem announced the readiness of the exhibition, saying: "His company provided for this great economic gathering all the logistical requirements and support and completed the wings of the exhibition all the economic carnival that is witnessed in Baghdad annually and achieved The father of many nations and companies   global.  Carries the privacy of the  President of the Association of Iraqi private banks said in an interview for "morning": The exhibition in its current session carries the privacy of the past sessions, the presence of international and regional effort willing to work in Iraq and invest opportunities. He added that the new important in the exhibition is the presence of Gulf companies that have the capital and advanced technology to act as a partner and ally with Iraq, and contribute to achieve real economic development commensurate with the economic capabilities possessed by Iraq, noting that "Saudi companies came heavily to participate and to help Iraq in the construction phase  "He stressed that" the Baghdad exhibition was a milestone in the Middle East waiting for countries and international companies, because it is an opportunity to introduce their products may have the opportunity Contract with the Iraqi government or the strong private sector supported by the Directorate of Industrial Development and the Iraqi Industrial Bank strong, "but the years of the blockade has affected the quality of companies that attend and focus on commercial companies more than industrial companies and I mean commercial companies are the marketer for its products The final and not marketed for the tools of production because Iraq has become a consumer country after it focused on productivity and industrial development ... He explained that "making the exhibition a real opportunity for development, requires focus on industrial companies exhibiting and encourage countries to attract manufacturers of tools and equipment production in the coming sessions," pointing out that "the Directorate of Industrial Development and Industrial Bank have the task of continuous presence to support the private sector in his contracts, Exhibitors are allowed to sell the exhibits on the last day of the exhibition rather than bear the cost of returning them. This will not encourage them to return to the upcoming exhibitions ... The Minister of Trade and the Agency Dr. Salman Jumaili stressed that "this year's edition of the exhibition is witnessing extensive economic activities and the establishment of workshops and conferences to establish real partnerships between the Iraqi private sector and other countries in the world," as well as benefiting from Arab and international experiences in the areas of construction, And industry and agriculture, indicating "the possibility of entry of companies and countries in investment projects in partnership with the Iraqi private sector in the liberated provinces, which suffer the infrastructure as a result of the damage and sabotage inflicted by the  terrorist groups  ." A unique step It is  noteworthy that the Ministry of Commerce and the first year launched an unfair competition, "Baghdad International Media Fair", to honor the distinctive contributions of journalists and media professionals who convey the events of the exhibition and highlight the importance of economic and social event  , The award receives the participation of journalists through a number of categories (TV report, radio report, press investigation, press interview, press release, press for the cartoon, press column, best photo photo award).  President of Iraqi Iraqi Chamber of Industry and Commerce Al-Nouri said that "Iraq has a promising job opportunities and German companies have a desire to enter the Iraqi market strongly, pointing out that we are in the first way and we aspire to have common understandings ending in partnerships that benefit the   two countries."

[yota691]

Allawi: Baghdad International Fair is a permanent Iraqi symbol

23/10/2017 12:00 am  A tribute to the public attendance on its second day  Baghdad / morning work team  The second episode of the Baghdad International Fair series witnessed the celebration of the national day of Japan and Spain in the presence of the admiration of local and international companies and in an official presence praised the existence of this number of companies, which indicates the direction of Iraq towards security and economic stability.  Activating the sectors  Vice President Iyad Allawi said that "Iraq is moving towards stability and be a single federal Iraq, and this exhibition will remain a symbol of Iraq always."  He added that "supporting the economy is necessary and the success of the exhibition is important and supports economic activities," noting "the need to support the development process with laws that activate all economic sectors and strengthen the capabilities of the private sector without complications or obstacles to achieve the ideal achievement," urging activating investment activities and creating the appropriate environment To promote his activities, for his great role in the process of construction and business and stimulate the economy. "  Allawi said that" Iraq will return strong economic capabilities and be a donor countries, and the government will be effective for investment and economic activities. " Baghdad safe "The presence of Arab and international and mass demand at the Baghdad exhibition on the second day, indicates that the security situation is good," pointing out that "the strengthening of most countries to participate compared to previous years, Proof of the confidence of our brothers and friends that Baghdad is safe and can be present. " A secure future draw al - Rubaie to "that Baghdad is moving towards a secure future, and that the successes of the security security forces reflect positively on the capital and the cities of Iraq and other", stressing that " the security forces are working hard to maintain security in Baghdad and the provinces of Iraq and always on the alert." National Day  The second day of the exhibition witnessed the celebration of the National Day of Japan and on this occasion said its ambassador to the "morning": " "If it were not for terrorism, Iraq's economy would be better than it is. We are working to strengthen our relations with the country in all fields and we hope that security and safety will prevail throughout Iraq," he said.   The Baghdad International Fair witnessed on its second day the celebration of the National Day of the Kingdom of Spain and the national flag was raised alongside the Iraqi flag. The Iraqi market for his part , said Nawaf Ibrahim old marketing director of Middle East batteries Saudi Arabia, one of the Saudi companies that came to Baghdad International Fair to show their productions: "This participation is the first for us in Iraq, which we aspire from which to enter the Iraqi market posed by our production excellence." "Our market share within the Kingdom of Saudi Arabia is 40 percent, and we hope to increase this participation by winning the confidence of the Iraqi public in our industry, as well as the readiness of the company to grant private agencies in Iraq," he added. "Our presence in Baghdad comes first in the search for agents to facilitate the entry of our products into Iraq," said Mohamed El Hassan, chief executive of Saudi food company Mazola.  And his impression of participation in the exhibition, "The existence of positive economic atmosphere that Iraq is a promising investment opportunity, especially for products that enjoy quality, which can meet our ambitions to enter this market." Areas of Investment The General Manager of the General Company for Food Trade Qasim Hamoud said: "His company participates in a pavilion of 27 square meters and was presented the materials and projects carried out by the company, especially in the areas of investment, which seeks to build investment projects related to the food distributed by the company under the ration card program "He said.  He explained that "the exhibition will be an opportunity to hold workshops with Arab and international companies in order to increase the expertise and benefit from the output of these companies and was assigned a working team follow up with the joint stock companies and prepare a technical report after the end of the days of the Baghdad International Fair." Brands For his part, Ahmed Zuhair Salman , Director General of the General Company for the trade of construction materials that " the wing of his company this year will be distinct from previous years and includes construction materials related to the company 's work."  Explaining that "the pavilion of his company included this year various construction materials with international and Arab brands, which fit the Iraqi taste, especially in the field of health and ceramics to be a permanent exhibition constantly updated by the citizen." New Horizons In turn, the industrial expert Aqeel al-Saadi praised the Baghdad International Fair in its 44th session, which was considered one of the best courses, because of the diversity of participation in it. "It is important to set up this annual event and its advantages that will open up new horizons for successful investment in many fields," he said. "It also encourages and stimulates small and medium enterprises as well as micro-enterprises to promote their products." The exhibition is attended by many foreign and Arab companies, as well as local companies that are no less important in their products and projects provided to Iraqi society  .  Saadi also urges young people who want to enter the labor market to "contribute to this kind of exhibition which is a gateway to the world of entrepreneurship, and to register roads and methods for successful start-ups in this field, which indirectly support the country's economy."   The exhibition is witnessing a lot of expatriates, which is still in its early days, which gave positive impressions of the participants from companies, entrepreneurs and entrepreneurs.

[Butifldrm]

The Central Bank participates in the Baghdad International Fair and the Association of Private Banks praises this step

 

Banks

Economy News Baghdad: The Central Bank of Iraq participates through the Department of Banking Awareness and Public Protection at the 44th session of the Baghdad International Fair, attended by 400 local, Arab and foreign companies. The head of the Association of Iraqi Private Banks, Wadih al-Hanalal, and the Director-General of the Industrial Bank, Bilal Al-Hamdani, visited the central bank's website at the Baghdad International Fair and was received by the supervisor Omar Faris Najib and Ahmed Eid who explained the importance of banking awareness and protecting the public. Al-Hanalal said that "the banking awareness of the Central Bank at the Baghdad International Fair is an important thing that serves the banking sector and enhance confidence with the public through the dissemination of banking culture and achieve financial stability." He added that "the large turnout by citizens on the central bank's site at the Baghdad International Fair is evidence of the success of the Central Bank to reach all citizens to urge them to deal with banks and protect their money from theft and damage because of storage in homes," noting that "private banks Which participates in the Baghdad International Fair also contribute to the banking awareness and offer services to the public. " He pointed out that "bank employees explain to citizens how to open the bank account and what banking products that suits them and avoid them risks." The Baghdad International Fair started on Saturday with the participation of 18 countries and the presence of a number of ministers, ambassadors and businessmen. Fourteen banks are participating in this session: the Iraqi Trade Bank, the International Islamic Development, Ashour, the Islamic World, Mansour, Zain Iraq, the Islamic Union, the Islamic Middle East, the Middle East, the Islamic National Bank, the Islamic World, and the Middle East and Africa. The banks' pavilion has witnessed great interest from citizens in the services they provide, including bank cards, small and medium loans and others.

Views 446   Date Added 23/10/2017   http://economy-news.net/content.php?id=9504

[yota691]

Britain supports Iraqi government steps to attract investment

 

Economy News _ Baghdad The United Kingdom confirmed Tuesday its full support for the Iraqi government's steps to attract investment. "The political and media attention is focused on Kirkuk and the fight is urgent. It is important that we not lose sight of the broader challenges in Iraq, including economic challenges such as promoting growth, creating," the British Embassy in Baghdad quoted the ambassador as saying. Job opportunities, rebuilding infrastructure as well as the need to promote trade and attract foreign investment. " "The Baghdad International Fair, which lasts from October 21 to 30, aims to attract foreign investment through the agreement of Iraqi companies with international suppliers and investors, and the Government of Iraq hopes to encourage more flows of goods, services and capital between Iraq and its neighbors and the world; Fully supported ". "We want to see a prosperous Iraq at the heart of an open and successful regional economy in the Middle East," he said. "Foreign investors still have concerns about the local business environment, including bureaucratic difficulties, timely payments and security. While we encourage UK companies to seize opportunities in Iraq through concrete measures such as our agreement with the Iraqi government to provide up to £ 1 billion in export financing annually to support infrastructure projects, we are also pressing the Iraqi authorities to do more, enhance transparency and address corruption. Strengthening governance. With these steps, Iraq can strengthen its business environment, support livelihoods and build a more prosperous future. "     Views 197   Date Added 10/24/2017

[yota691]

Baghdad's exhibition is a valuable opportunity to stimulate the economy

25/10/2017 12:00 am  The presence of major countries in the exhibition confirms its defiance of terrorism  Baghdad / morning work team  The Baghdad International Fair will continue to be attended by a large audience to see the activities of the various participants, including the government sector, which was present strongly through the participation of a large group of ministries and departments of different disciplines in order to meet with foreign companies participating in the 44th session of the exhibition to introduce their activities and exchange experiences and see the latest The results of technology and developments in business and industry. The banking sector has wide participation in the Baghdad International Fair in order to stimulate economic activity - as confirmed by the Governor of the Central Bank, Dr. Ali Al-Aalak to "morning" during his visit to the pavilions of banks participating in the exhibition, saying: "The exhibition is a way to stimulate economic activity," stressing that " The presence of a large number of Arab and international companies and local would open the prospects for new work for Iraq, especially as the country is moving towards stability and pays special attention to development, "pointing out that this attracts major international companies to work in Iraq,"  He said that " To enhance financial coverage The focus of the central bank in the next activity. "  The banks are working through their participation in the exhibition on a wide range of citizens and offer the products and services provided. By definition display products Among the participating ministries are the Ministry of Oil, which participated in 21 companies, including the Research and Development Center for the display of Iraqi products certified ISO.  According to the Information Office of the ministry's joint pavilion, "This participation comes as an opportunity to meet with foreign companies through the view of the pavilion, which can be described as the portal through which we attract investments to develop our oil reality."  The exhibition included the national day of Germany, Indonesia, Palestine and Hungary in the presence of representatives and ambassadors of those countries as well as a number of Iraqi officials, where the flag-raising ceremony was held at the pavilions of those countries at the Baghdad International Fair and played the republican peace of those countries with Iraqi Republican peace. "The presence of the major countries in this exhibition underscores their challenge to terrorism and the continuation of meetings with Iraqi officials to find the ground for cooperation and mutual understanding," Hashim Mohammed Hatem, director general of Iraqi trade and trade services, said during the ceremony.  "German and Indonesian friends have huge projects in agriculture and industry and there is joint cooperation with the Iraqi private sector to participate in joint ventures," he said. German companies for his part, through the German ambassador in Baghdad Cyril Nan, was pleased to attend the Baghdad International Fair and the participation of German companies in the 44th session of the Baghdad exhibition and display their products and industries, adding that "the goal of Germany's participation in the Baghdad exhibition is to develop relations between the two sides and to promote and raise the level of trade and economic exchange With Iraq. " "The participation of our country in this economic demonstration underscores the importance of the relations between the two countries and the keenness on further cooperation in the fields of economy, trade, agriculture and investment, starting with the success of the exhibition and its ability to attract major companies and countries that are economically important," he said.  Among the government companies, the National Insurance Company also participated in a distinguished pavilion at the Baghdad International Fair. The public definition of the media company official Ali Abdul Karim Jassim said in a statement the "morning": that "our participation this year comes to the definition of the public role of the company in the various risks insurance coverage , " noting that "our activities in the exhibition aims to spread awareness of insurance through Folders and brochures Summarizes the company's activity and the risks covered by the approved insurance policies. " The Ministry of Agriculture participates in its pavilion, which is characterized annually by the manufacture of paintings made of dates reflecting the Iraqi civilization, as well as the products of the ministry's departments of grain and seeds, as well as to show the impact of the agricultural initiative to increase the fish wealth through fingerlings launched in rivers and lakes in order to increase.  The pavilion of the distinguished countries in the current session of the exhibition is the wing of the Islamic Republic of Iran, which includes various plastic and food products as well as precious stones, silver and accessories as well as carpets and furnishings and some household items.  And cars and trade clear participation in the exhibition where companies compete in the way of selling installments to employees and citizens alike, by facilitating the procedures of sale and transfer through the forms of their own. Nawaf Ibrahim Al Ateeq, Marketing Director of Middle East Batteries Company, one of the Saudi companies attending the Baghdad International Exhibition, said: "This is our first participation in Iraq, in which we aspire to enter the Iraqi market with our excellent production." Private agencies added that "our market share in the Kingdom of Saudi Arabia at 40 percent , and we hope through this to increase it by gaining the confidence of the Iraqi public Besnaatna, as well as the readiness of the company to grant special in Iraq and the agencies." "Our presence in Baghdad comes first in the search for agents to facilitate the entry of our products into Iraq," said Mohamed El Hassan, chief executive of Saudi food company Mazola. And his impression of participation in the exhibition, "The existence of positive economic atmosphere that Iraq is a promising investment opportunity, especially for products that enjoy quality, which can meet our ambitions to enter this market."  On Tuesday, the national day of Ukraine and Tunisia was held, and the two countries were briefed on their respective wings at the Baghdad International Fair. The fourth day curriculum also included various cultural events, as well as a parade of cars and bicycles. Wider participation sees the relevant affairs of the opposition Ali al - Naimi said , "There are wider participation of the private sector companies in the exhibition cycle this year , " noting in an interview with the "morning" that " the majority of private sector companies seeking to publicize their products taking advantage of the attendance of heavy and growing demand for different products Produced by private companies and laboratories. " "The public presence - as we have seen - is increasing in the evening, which enhances the chances of achieving more sales through direct sales of different products," he said.

[yota691]

National products are present at Baghdad International Fair

26/10/2017 12:00 am   BAGHDAD / The morning work team  passed the Baghdad International Fair half of its way amid mass public interest and won the admiration of the companies present with the ambition to enter the Iraqi labor market and invest opportunities in the sectors of investment and trade and achieve bilateral partnerships that benefit the parties. The Ministry of Industry and Minerals came with its quality products manufactured according to the international quality standards. The government organizations are required to move towards the local product presented at the current session. A large number of visitors from the various government institutions and citizens attended the exhibition. Pharmaceutical Industries The representative of the pharmaceutical company Samarra Habib Hayawi Murad said: "The exhibition provided the opportunity to inform a wide range of the public on the pharmaceutical products Samarra, where we found that a large proportion of citizens have a perception that the drugs Samarra is out of work," pointing out that "the exhibition an opportunity to display the production of the company From various traditional medicines and medicines for chronic diseases, where the perceptions of many citizens have changed and have an idea about the quality production offered in the local markets, stressing that the company's medicines meet the specifications of global quality.  He added that "the entry of medicines that do not meet the specific specifications to the local markets, the national economy burdened new burdens and financial losses, and negative effects on the health of citizens." "Our products are many and the exhibition is an opportunity to coordinate cooperation with local government institutions as well as the private sector," Fatma said. "Our production serves several ministries, the most important of which are interior and defense. Health and other institutions, which requires serious communication with these ministries. " Specifications of the quality of representative of the "BMC" Group Holding Saudi Arabia safety improvement stressed that " the group was different products to show to the Iraqi public quality standards for our production, and we found a great reaction by the Iraqi side of traders and citizens , and this is encouraged to be careful to regular participation in the Baghdad International Fair" . He pointed out that "some of our products have been on the local market for years and there is a good turnout, and we aspire to expand the circle of supply within the Iraqi market, and the exhibition made us show a positive resonance towards our product in Iraq, and we began to think about the mechanism of future expansion."  Tahseen said that "the challenges we faced in the work in the local Iraqi market is the tradition of our goods and offer, especially that the tradition is outside Iraq." Maximizing Sales On his part, the Director General of the Iraqi General Company for Cement, Engineer Hussein Mohsen Al-Khafaji said: "Our participation in the exhibition within the wing of the Ministry of Industry and Minerals and in economic forums inside and outside the country, aims to open marketing outlets for the company's products and attract new customers that will maximize sales and offer investment opportunities In the company's investor labs. " He added that "the company has 18 laboratories distributed from Basra to Nineveh and produces all kinds of cement has achieved in cooperation with the private sector laboratories self-sufficiency of cement to the country since the beginning of last year, saving more than 600 million dollars to the state budget was wasted annually by importing cement from neighboring countries" .  "The company is working to launch the rehabilitation and maintenance of its plants in the liberated areas after the completion of military operations, where the opening of the Northern Cement Co-operation in Nineveh province and reach the final stages in the rehabilitation and operation of cement plant Hammam Al-Alil, which resumes work in the coming days." Construction Traffic He called on Khafaji, "State departments and investment companies to visit the pavilion of the Iraqi Cement Company at the exhibition to know the prices of Iraqi cement adopted in the plants of the company," pointing out that "the company offers the finest species to contribute to support the construction movement, especially today that the country needs to reconstruct areas liberated from Dans the organization "calling" terrorist. "  He stressed that "the participation of (Iraqi cement) in this exhibition comes as confirmation of the support provided by the company and actively contribute to the return of life to the provinces destroyed by the result of terrorism." Coordination of Iraq and Saudi Arabia Minister of Trade and Agency d. Salman Jumaili, during the meeting of the Coordinating Committee between Iraq and Saudi Arabia, the "Coordinating Council began to start institutional work between the two countries in strengthening brotherly ties and joint cooperation in the political and economic fields and to achieve their interests in all fields."  He expressed his hope that "this meeting will witness concrete steps on the ground at the next meeting in Baghdad to achieve cooperation and develop bilateral relations in light of the Saudi desire to support cooperation and economic openness and increase the volume of trade exchange and enter into large investment projects. the media that " the international status enjoyed by Iraq opened broad prospects for cooperation with Alaqlmah, Arab and international countries, especially the countries of the region, including the Arabian Gulf and Saudi Arabia , on the face of countries   specifically." He said the "Iraqi relations - Saudi Arabia has seen a very significant shift crowned b CAR Prime Minister Dr. Haidar al-Abbadi to Riyadh and the visit followed by mutual visits between the two sides were the visit of the Saudi Ministers of Foreign Affairs and Trade to Baghdad for the first time after a break more than a quarter of a century, which confirmed the existence of the will to activate and develop relations between  "The Ministry of Agriculture's pavilion witnessed excellence and brilliance with the rest of the participating pavilions in terms of the pavilion covered by the pavilion and projects adopted by the Ministry of Agriculture and a number of visitors expressed their desire to review the Ministry of Agriculture so that they can apply for investment in agricultural fields, Source in the ministry.

[yota691]

Participants: Baghdad International Fair is an opportunity to conduct business deals

28/10/2017 12:00 am  Some of them looking for exclusive agency inside Iraq ,  Baghdad / morning team  president of the Federation of Chambers of Commerce Jaafar al - Hamdani said that " the current exhibition cycle of a new opportunity to strengthen cooperation with global and regional companies and see the local product and levels , " pointing out that " the session of the 44 exhibition came this year The new that can be employed to serve the Iraqi market through the presentation of quality production with international standards in most of the wings. "  Big market  added Hamdani that " the Union is working to strengthen economic relations with all countries in order to serve the Iraqi market and convey to a new stage verification utility for Iraq , " noting that "Iraq is a big market can be achieved integration with regional and global markets, especially the activation of local production with the participation of international Is on the table with the economies of the region and the world. " He pointed out that "the large influx to the exhibition by businessmen and the public as a big addition this year and led to the study of many things that benefit the future on the Iraqi economy," noting that "the Federation of Chambers of Commerce worked to communicate with the delegations involved to open bridges of cooperation and activation "He said. "The participation  of the  head of the Tunisian delegation (Mounir Al-Moukher) said:" Our participation in the Baghdad International Fair this year was qualitative. After our participation did not exceed three companies, this year came ten specialized companies with an international reputation in the field of its work. Different world ".  He pointed out that "the companies formed a good perception of the reality of life in Iraq and interacted well with the Iraqi and foreign delegations that participated in the exhibition," noting that " The infrastructure  indicated that "the Iraqi market is promising and most companies are looking for an opportunity to be present in this large market, which made Tunisia come with quality companies in the infrastructure sectors and various products to be close to the Iraqi market."  "The company has worked in Iraq for years and is still working in the field of transportation from all over the world to the country," said Shaker al-Zaidi, a representative of German transport company MG.  Zaidi explained that his company "German nationality is the most reliable carrier in Iraq, having a long history of decades of transporting containers with a load exceeding 200 tons of different goods."  Germany is participating in the Baghdad International Fair with eight different companies with different competencies, especially those working in the field of communications, software and infrastructure.  Frequent visits Hiba Ali, a student of the Faculty of Engineering, came to the Baghdad International Fair and described the event as important. She was briefed on the latest international companies. She said: "The large attendance of the companies made us repeat the exhibition more than once. I found many companies interested in electronic industries within A specialist came up with the latest technologies in this aspect. "  "The exhibition provided us with an opportunity to learn about the latest developments in the labor market in the countries of the world, and this is important to be close to international companies and look directly at their output," she said.  Exclusive agencies "I was surprised at what I found in the Baghdad exhibition of the large number of foreign companies and the type of their participation," said Mohammed Khalid, owner of a large food market. "My visit to the exhibition is often in the evening to see what is in the exhibition of food products, To obtain an exclusive agency inside Iraq from one of the companies in the exhibition. "  He stressed that "the objective of the presence of companies is to show their products and study what the Iraqi market absorbed from various goods." However, some private sector companies, despite their modest capabilities, have been able to achieve a good presence in the exhibition and attract visitors' attention to their products, Direct to the definition of its products. "  Trade talks In addition, the General Company for Cereal Trade discussed with Al-Marjan Company for Trading, Contracting and Computer Technology the possibility of supplying the company with the latest advanced equipment in the fields of its work.  The company's general manager Haitham Jameel Al-Khashali said that his company has held talks with the Gulf Coral Pavilion to participate in the Baghdad International Exhibition on the possibility of supplying it with the latest equipment serving our company's work through grain sampling technology and electronically examining and analyzing the models.  He added, "During the meeting, a detailed explanation was given about the mechanism of the electronic device which automatically withdraws the form and transmits the model to the laboratory analysis and examination." The device gives the model an electronic number and shows the results electronically with the results of the laboratory examination, and sends this information to a closed print database "He said.  Khashali pointed out that "these meetings with these companies come in order to learn about the most important achievements of modern science in the fields of technology and technology and the possibility of benefiting from that experience to develop the work of our company."

[yota691]

Saudi companies put investment in Iraq as a priority

Editorial date: 2017/10/28 14:23 • 189 times read

(Baghdad: Al Furat News) The Saudi Export Development Authority confirmed the participation of a large number of Saudi companies in the activities of the 44th session of the Baghdad International Fair which started on October 21 and continues until the 30th of the same month.

"There have been many deals and negotiations for investment in Iraq," said the official spokesman of the Saudi Export Development Authority, Mazen al-Jasser, quoted by the official SPA news agency on Saturday. 
He added that "in the presence of many competing products with higher prices and lower quality, the Saudi products have won the great desire in Iraq, for their high quality and reasonable price," pointing out that "the Authority seeks, through participation in the exhibition, to discover the marketing opportunities for Saudi products In Iraq and facilitate export procedures, in cooperation with the relevant authorities. " 
It is noteworthy that the Saudi Export Development Authority participated in the Baghdad International Fair with about 66 companies, from various industrial and service sectors

[yota691]

Saudi Exports Authority: Our products will compete strongly in the Iraqi market

By

 rami

 -

October 28, 2017

18

0

 

 

 

The Saudi Export Development Authority (SDSA) has reinforced the presence of Saudi companies, industries and services within Saudi Arabia’s pavilion at the current 44th Baghdad International Exhibition, enabling them to communicate with Iraqi companies, investors and businessmen as well as their products, services and facilities.
The companies and the industrial and service sectors of Saudi Arabia to hold several deals in principle, and conducted a lot of negotiations for investment within the territory of Iraq.
The Director General of Marketing and Corporate Communication and spokesman of the Saudi Export Development Authority, Engineer Mazen Al-Jasser, said that many Saudi companies participating in the international fair with its first days held many initial deals and conducted many negotiations to invest inside Iraqi territory.
He explained that in the presence of many competing products with the most expensive prices and the lowest quality, but that the Saudi products have received a great desire by the Iraqi street due to their high quality and reasonable price.
Al Jasser said that the Authority seeks through this participation to discover the market opportunities of Saudi products in Iraq as a promising market and facilitate export procedures to Iraq in cooperation with the relevant authorities. Where the participation in the Baghdad International Fair this year, under the slogan “industries beyond borders and the proximity of peoples,” one of the most important contributions that will contribute to building economic trade relations between Saudi Arabia and the Republic of Iraq.

[yota691]

29-10-2017 01:58 PM

Announcement of the success of the events of the 44th session of the Baghdad International Fair

 

 

 

The Ministry of Commerce announced on Sunday the success of the 44th session of the Baghdad International Fair after achieving all its objectives in attracting more than 18 countries and more than 688 companies. 

The Minister of Commerce Salman Jumaili said that "the achievement of the Baghdad International Fair this session of mass influx not seen in the previous sessions was a positive milestone marked a significant turning point in the success of its activities, which saw a qualitative development and quantity and cohesion of all official and popular sectors." 

Al Jumaili added that 'this session is important for the results achieved at the level of dialogues, meetings and partnerships that have occurred both at the level of countries or at the level of the private sector, which has also witnessed a great movement will emerge clearly in the near future through large investment projects to frame this mobility'.

He explained that 'the current session saw the participation of Saudi Arabia for the first time in 27 years and was distinct in terms of the number of companies and quality as well as the daily interaction shown by the Iraqis with the activities of the wing and was the focus of praise and appreciation of the Saudi brothers who found in Baghdad all the love and appreciation and hope that the relations between the two countries To broader and more comprehensive and more economic and trade cooperation '. 

He added that "the coordination council that formed between Iraq and Saudi Arabia is a new starting point aimed at developing relations between the two countries and increasing the volume of trade and economic exchange." There are other countries such as the Islamic Republic of Iran, Egypt, Syria, Germany, Japan and Tunisia, Official institutions, ministries, bodies, universities and civil society organizations, all of which interacted for the success of the 44th session of the Baghdad International Fair '.

Al-Jumaili pointed out that the Baghdad International Fair aims to send several messages to the world that Iraq is good and an important economic player capable of containing the world's largest companies and businessmen and is ahead of economic and urban movement in order to rehabilitate and rebuild cities liberated from terrorism, Different in all its provinces'.

[yota691]

Director General of Banking at the Central Bank praises the participation of private banks in the Baghdad exhibition at its 44th session

By

 rami

 -

October 29, 2017

20

0

 

 

 

The Director General of Banking and Credit at the Central Bank of Iraq, Qessma Saleh, reviewed the most prominent exhibits of Iraqi private banks participating in the Baghdad International Fair, and praised the participation of Iraqi private banks in the Baghdad exhibition at its 44th session.
She listened to a detailed explanation of the most prominent banking activities carried out by the banks, which she embodied in her exhibits at its 44th session. She expressed her admiration for the major developments undertaken by banks in light of their compliance with the instructions of the Central Bank of Iraq in various fields.
The visit, which met with a number of banking leaders and managers of the pavilions, reflects the care and interest of the Central Bank of Iraq in the banking sector.

[yota691]

Director General of Banking at the Central Bank praises the participation of private banks in the Baghdad exhibition at its 44th session

 

Economy News _ Baghdad The Director General of Banking and Credit in the Central Bank of Iraq, Qassem Saleh, on the most prominent exhibits of Iraqi private banks participating in the Baghdad International Fair, and the praise of the participation of Iraqi private banks in the Baghdad exhibition at its 44th session. She listened to a detailed explanation of the most prominent banking activities carried out by the banks, which she embodied in her exhibits at its 44th session. She expressed her admiration for the major developments undertaken by banks in light of their compliance with the instructions of the Central Bank of Iraq in various fields. This visit, which met with a number of banking leaders and managers of the pavilions, reflects the care and interest of the Central Bank of Iraq in the banking sector.   Views 120   Date Added 10/29/2017

[Wiljor]

More banking news 

Thanks Yota  

[yota691]

The Iraqi Economic Council holds a consultative meeting with the delegation of Saudi companies

 

 From 2017-10-30 at 19:05 (Baghdad time)

Baghdad - Mawazine News

The Iraqi Economic Council, on Saturday, held a consultative meeting with the delegation of Saudi companies participating in the events of the Baghdad International Fair at its 44th session at the Babylon Hotel.

"The meeting was attended by the adviser of the Prime Minister Walid al-Halli," the council said in a statement. "A meeting was held with the Saudi companies participating in the 44th session of the Baghdad International Fair in Babel Hotel, Deputy Director General of the National Investment Authority Ikram Al-Yasiri, Director General of the National Investment Authority Ikram Abdul Aziz, Head of Civil Aviation Authority Hussein Mohsen, Director of the Ministry of Foreign Affairs, General manager and registration department Companies - Ministry of Commerce Abdul Aziz Jabbar Abdul Aziz.

The statement added that "the meeting was also attended by more than 70 people from the delegation of the Saudi guest, representatives of the 59 Saudi company, also attended by the Iraqi Economic Council, the President of the Council and a member of the Board of Directors and the Secretary of Finance, and a number of members of the Council," referring to " Guests are also private. "

"There is a historical saying that Iraq is the skull of the Arabs," said Ibrahim al-Baghdadi al-Masoudi, head of the Iraqi economic council. He called for "building long-term strategic economic relations between Iraq and Saudi Arabia."

For his part, Deputy Saudi Ambassador Meshaal Mtaib al-Otaibi expressed his "love and the Saudi delegation accompanying Baghdad, Arabism, poets, scientists, artists and clergymen." He expressed his "happiness at the rapprochement between Iraq and Saudi Arabia, which has tribal and family extensions."

The adviser to the Prime Minister Walid al-Hali, "the program of Prime Minister Haider Abadi open Arab, regional and international," asserting that "Abadi could unite all Iraqi political entities in the defeat of the law and the law and re-control of the federal government at all border crossings with neighboring countries and Peaceful".

The head of the Arab Department in the Ministry of Foreign Affairs, Ambassador Saad Mohammad Reza, also referred to the "Iraqi-Saudi Coordinating Council", pointing out that "the Coordination Council is the first step of openness between the two brotherly countries."

[yota691]

Baghdad International Fair concludes its 44th career with great success

31/10/2017 12:00 am  Over 1 million visitors  Baghdad / morning work team The Baghdad International Airport train concluded its journey amid a consensus on the success of its 44th session with extensive international, regional and local participation, which attracted more than one million visitors to the exhibition. The audience at different levels represented a great address for their success by interacting with the participants with advanced techniques and exhibits.  And exceeded the number of visitors to the Baghdad exhibition, one million visitors during the ten days of the exhibition, and a source familiar with the "morning" that the number of citizens who visited the wings of the Baghdad exhibition exceeded one million visitors, "adding that" the large numbers of them were clearly observed in the evening hours, closing APOP exhibition at the ninth night. "  development and the development  he had explained the Minister of trade agency Salman Jumaili" that the existing Iraqi government systematically on economic openness to everyone and give the private sector  the  Iraqi opportunity and freedom from restrictions that were imposed on it in order to take its role to be a fixture F The development of the Iraqi economy through large investment projects come  In partnership with Arab and international companies, "stressing that" the activities of the session witnessed commercial and economic activities and the opening of photo exhibitions and days for the participating countries and is open to the Iraqi family to practice their social rituals in light of the possibilities provided by the exhibition. " Positive results Chairman of the Board of Directors of the Islamic Bank of South Ali Zaidi, The exhibition provided an opportunity for Iraqi banks to communicate closely with citizens. Of course, positive results have been achieved from participation. This is what we are witnessing in the last days of the Baghdad International Fair, where we found a large turnout of the public at the current session, J See what banks offer of advanced products that meet the needs of most citizens. He pointed out that "the presence in the exhibition expands the banking culture of the public after being briefed on the field on the importance of dealing with banks in light of global trends towards financial inclusion, as well as the adoption of the idea by the Central Bank of Iraq, pointing out that" the exhibition made banks go a long way in this aspect in light of the high number of visitors to the exhibition. " products between that" the bank said a team was able to communicate with the largest number of citizens and offer cutting - edge products offered by that fit with the aspirations of the Iraqi society, where Islamic banking is an important thing for a large segment of citizens Who live Dealing with conventional banks. " Al-Zaidi pointed out that "this year's exhibition carries excellence in all respects and reflects the extent of international interest in the Iraqi economy," pointing out that "international attention needs the existence of banking services of a high degree of development and this makes the banking sector in front of new responsibilities to follow the latest technologies. Bridges of communication for his part, said economist Raed Al Ameri "morning": "This year 's session was characterized by well - organized, broad participation, private participation; Saudi Arabia , which was the result of the hard work of the government in building bridges of communication with regional and world countries." "The 44th session of the exhibition has succeeded, but what we need now is to work on the development of agreements, memorandums of understanding and initial consensus, and seek to introduce Arab and foreign companies to participate in the local market." It is noteworthy that the 44th session of the Baghdad International Fair, which was held under the slogan "We liberated our land and with your cooperation, we have witnessed the participation of 18 countries and 400 local, Arab and foreign companies.  Undersecretary of the Ministry of Industry and Minerals for Planning, Dr. Mohammed Hashim Abdul Majid, discussed with the Advisor of the Saudi Export Development Authority Omar bin Naseh Al-Rajeh in the pavilion of the Authority at the Baghdad Exhibition, ways of bilateral cooperation.  Abdul Majeed stressed the desire of the Ministry of Industry to open new and future cooperation opportunities with the Saudi side in various fields and industrial sectors in line with the directives of the Iraqi government and the directives of the Prime Minister to enhance cooperation and joint action with Saudi Arabia.  He welcomed the wide participation of Saudi companies, stressing the importance of benefiting from the openness and economic development witnessed by Saudi Arabia and the development of economic and industrial relations between the two brotherly countries. success story  In the Saudi pavilion. In conclusion, the General Manager of Marketing in the Saudi Obeikan Group Mamoun Salem said, "The exhibition is like a success story at all levels, where we have strengthened our presence by winning a new customer base." Our products entered the Iraqi market 10 years ago, With ten Iraqi manufacturing companies are continuing in production and thrive Iraqi markets. "  He pointed out that "our participation culminated in the signing of three contracts with local companies, along with a number of understandings with the private sector of Iraq ends with partnership agreements during the coming period and benefit the two parties, and so we came out new is a great success because of participation."  He pointed to "think about the establishment of factories for the group within Iraq after we have seen the desire of partnership from the Iraqi private sector, and will be direct contact with the Iraqi side through the Office of Baghdad and exchange visits."

[yota691]

Director General of the Department of Accounts at the Central Bank praises the participation of private banks in Baghdad International Fair

 

Economy News _ Baghdad The Director General of the Department of Accounts in the Central Bank, Ihsan Shamran, praised the services provided by the private banks participating in the Baghdad International Fair in its 44th session, pointing out that the development through the introduction of modern technology by the work of banks supports financial coverage. The Director General of the Department of Accounts in the Central Bank of Iraq Ihsan Shamran and adviser to the Governor of the Central Bank of Iraq Walid Idi visit to the wings of banks participating in the exhibition and was distributed shields and certificates of appreciation with the participation of the Association of Iraqi private banks. Shomran said during the visit that "this session was characterized by the participation of private banks to offer banking services to citizens and the introduction of modern systems of the work of the bank, and expressed admiration for the major developments undertaken by banks in light of their compliance with the instructions of the Central Bank of Iraq in various fields.   Views 19   Date Added 31/10/2017

[yota691]

Saudi tribute to the 44th Baghdad International Fair

04/11/2017 12:00 am  Made deals worth two billion rials  Baghdad / Hussein Tgb  delegation of Saudi Arabia expressed great satisfaction with his participation in the 44th session of the Baghdad International Fair, and he went out the results of the amazing and positive impressions outweigh the perception, and want to expand their participation in future sessions.  The pavilion of the Kingdom participating in the exhibition won the best prize among the delegations present at the exhibition during the ceremony of honoring and handing over the shields to the participating parties, which was attended by the Iraqi Minister of Trade Salman Jumaili and Deputy Charge d'Affaires of the Kingdom's Embassy to the Republic of Iraq Mishal Al-Otaibi.  Developing relationships The Secretary-General of the Saudi Export Authority Saleh Al-Salami said that "this participation comes within the framework of the Kingdom's interest in developing Saudi-Iraqi relations on the economic and commercial levels and the emphasis on political openness." He pointed out that " SAR as the initial value ".  Investment opportunities "The Authority seeks to invest opportunities that contribute to the strengthening of relations between the Kingdom and Iraq. It also seeks to contribute to the opening of new markets for high quality national products according to international standards and in line with the need of international markets in various sectors," he said in a press release. , Which will encourage its entry into force at the regional and global levels. " Minister of Energy, Industry and Mineral Resources Khalid Al-Falih opened the pavilion in the presence of His Excellency the Iraqi Minister of Trade Salman Al-Jumaili and toured the Saudi pavilion which is the largest pavilion participating in the exhibition, which helped to diversify participants from various industrial and service sectors.  A good reputation  referred to the peaceful " Al-Salami said that such participation comes within the efforts of "Saudi exports" to diversify the national economy and focus on boosting non-oil revenues to achieve the vision of the Kingdom 2030.  Economic cooperation  in turn between the head of the Iraqi-Saudi Chamber of Commerce and Industry, Firas Al-Hamadani, Baghdad International and a large delegation comprising the various economic sectors represents the real gateway to consolidate economic cooperation that serves the two brotherly countries and contributes to the opening of prospects for future cooperation.  "The Chamber is working towards consolidating economic relations between the two countries with the aim of presenting what is best for the two peoples. This comes from the responsibility of the two governments, which seek to improve relations and openness with all countries of the   world. Al-Hamdani praised the visit of the Prime Minister Dr. Haider Al-Abbadi to the Kingdom, the latest of which coincided with the meeting of the Higher Coordination Committee between the two countries, which held its meeting in Riyadh to discuss bilateral cooperation between the two countries in all fields. He pointed out that the establishment of the Iraqi- The efforts of the Iraqi government to promote economic and investment exchange, which contributes to bridges of cooperation between the brothers businessmen, traders and investors between the two countries.  The Iraqi market  was distinguished in all its stages and for the Saudi delegation, it achieved its objectives and with amazing results and opened great prospects for cooperation with the Iraqi market, which has a positive impression of the  Saudi products . "  Strategic partnerships He pointed out that "the plans of cooperation between the two countries are not limited to trade and commodity exchange, but rather to establish strategic partnerships to achieve sustainable development, especially as Iraq has the fundamentals of economic development, which can achieve great benefit to the economies of the   two countries."  Al-Jasser stressed that "the expected cooperation between the two countries stems from the sincere desire of the two governments to create a rapprochement that will change the shape of the relationship between Saudi Arabia and Iraq and establish a stage of cooperation that can reach integration in  important economic sectors ."

[Butifldrm]

The reason I am posting this that Saudi Arabia is and has been known as one of the largest State owned sponsors of Terrorism and Corruption in the World.  This is a huge move  move that could affect every country in the world.  This new King may be going to change many things in the world and how the Saudi's do business.  

 

 

In Shocking Purge, Saudi King Arrests Billionaire Prince Bin Talal, Dozens Of Others In Cabinet Crackdown

 

 

by Tyler Durden

Nov 4, 2017 7:55 PM

6.7K

SHARES

TwitterFacebookReddit

 

In a shocking development, Saudi press Al Mayadeen reported late on Saturday that prominent billionaire, member of the royal Saudi family, and one of the biggest shareholders of Citi, News Corp. and Twitter - not to mention frequent CNBC guest - Al-Waleed bin Talal, along with ten senior princes, and some 38 ministers, has been arrested for corruption and money laundering charges on orders from the new anti-corruption committee headed by Crown Prince Mohammed bin Salman, while Royal princes’ private planes have been grounded.

Among those fired and/or arrested are the head of National Royal Guards, Miteb Bin Abdullah, the Minister of Economy and Planning, Adel Fakeih, and Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Saudi Naval Forces.

View image on Twitter

 

حسن سجواني  

 

✔@HSajwanization

 

#BREAKING Several Princes & Saudi businessmen are arrested for #MoneyLaundering and #corruption charges in #KSA https://sabq.org/Spn3jq 

3:32 PM - Nov 4, 2017

•  
   66 Replies
•  
•  
   204204 Retweets
•  
•  
   152152 likes

Twitter Ads info and privacy

 

 

As the local press further adds, the supreme committee chaired by Crown Prince and billionaire stops "on charges of money laundering."

al-Waleed bin Talal is perhaps best known not only for his periodic CNBC appearances, but for his recurring on and off spats with president Trump:

According to al Arabiya, among those sacked and/or arrested are Moteib Bin Abdullah, Minister of the National Guard, and Prince Khalid bin Ayyaf has been appointed as his replacement. A second Royal Order was issued to relieve Minister of Economy and Planning, Adel al-Faqieh, from his duties, and the appointment of Mohammed Al Tuwaijri as Minister of Economy and Planning.

According to a Royal Decree issued by King Salman on Saturday the anti-corruption committee is chaired by the Crown Prince with the membership of: Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.

As Saudi analysts were quick to point out, the purge by the Saudi King means that King Abdallah’s last remnants (Riyad firmer gov. & head of Nat. Guard); media moguls; SAGIA & financial policy officials have been purged.

As Bloomberg notes, changing the head of the National Guard, an institution that’s been controlled by the clan of the late King Abdullah, “is not like changing the minister of oil,” said Kamran Bokhari, a senior analyst with Geopolitical Futures and a senior fellow with the Center for Global Policy. “I wouldn’t be surprised if this leads to greater fissures within the royal family.”

Arabiya adds that King Salman also issued sacking and replacement orders for Admiral Abdullah bin Sultan bin Mohammed Al-Sultan, the Commander of the Naval Forces, is to be terminated and be retired; his replacement is Vice Admiral Fahd bin Abdullah Al-Ghifaili, to be promoted to the rank of admiral and be appointed as Commander of the Naval Forces.

Additionally, Minister of Economy and Planning Adel al-Faqieh was replaced by Mohammed al-Tuwaijri, SPA said, quoting a royal decree. Commander of the Saudi Navy, Abdullah al-Sultan, was replaced with Fahad al-Ghafli. The king also replaced Minister of Economy and Planning Adel Fakeih withMohammad Al Tuwaijri, his deputy.

 

 

Al Tuwaijri, formerly vice minister for economy and planning, had already played a key role in shaping Saudi economic and fiscal policy over the past year. Before joining the government in May 2016 he was Middle East chief executive for HSBC. He’s served as a frequent spokesman for the government’s economic reform plan on TV and with Western journalists.

King Salman also issued an decree forming an anti-corruption committee headed by the crown prince. Its powers include the ability to trace funds and assets, and prevent their transfer or liquidation on behalf of individuals or entities, along with the right to take any precautionary actions until cases are referred to relevant investigatory or judiciary authorities, according to a government statement.

 

 

The committee’s formation was deemed necessary “due to the propensity of some people for abuse, putting their personal interest above public interest, and stealing public funds,” the Royal Order said.

 

 

CIC Saudi Arabia 

 

✔@CICSaudi

 

Crown Prince: Every person, who has engaged in #corruption, regardless of their status, will be held accountable, provided there's evidence.

5:12 PM - Nov 4, 2017

Twitter Ads info and privacy

 

 

Some more cynical observers noted how MBS is quickly learning from XIi Jinping "how to get rid of enemies under justification of "corruption commission" & place "friendlies" in high places."

3h

Amal FETHI  @TunisianHope

I am dying to read @iyad_elbaghdadi 's analysis about the last arrests in #SaudiArabia

 

İyad el-Baghdadi 

 

✔@iyad_elbaghdadi

 

Purge under the guise of combating corruption. Just like the earlier wave of arrests was a purge under the guise of combating extremism.

5:41 PM - Nov 4, 2017

•  
   1111 Replies
•  
•  
   5656 Retweets
•  
•  
   6868 likes

Twitter Ads info and privacy

 

 

Others arrested include Walid bin Talal; Khaled Tuweijri; AlWalid Ibrahim; Turki Bin Naser; and others.

 

Joyce Karam 

 

✔@Joyce_Karam

 

V. BIG Names of Arrests in #Saudi 
•Meteib Bin Abdullah
•Walid bin Talal
•Khaled Tuweijri
•AlWalid Ibrahim
•Turki Bin Naser
•Adel Fakih https://twitter.com/ksa24/status/926912032464625664 …

3:51 PM - Nov 4, 2017

•  
   1313 Replies
•  
•  
   298298 Retweets
•  
•  
   111111 likes

Twitter Ads info and privacy

 

 

Putting the arrests in context, the heads of the main three Saudi owned TV networks were arrested, Alwalid Bin Talal (Rotana), Walid Al Brahim (MBC), Saleh Kamel (ART)

 

Ali Hashem علي هاشم 

 

✔@alihashem_tv

 

The heads of the main three Saudi owned TV networks were arrested, Alwalid Bin Talal (Rotana), Walid Al Brahim (MBC), Saleh Kamel (ART)

4:26 PM - Nov 4, 2017

•  
   4040 Replies
•  
•  
   983983 Retweets
•  
•  
   462462 likes

Twitter Ads info and privacy

 

 

As Bloomberg adds, Saudi King Salman appointed a former HSBC banker to head the country’s economy ministry and removed one of the royal family’s most prominent princes from as head of the National Guard. Separately, a number of Saudi princes and former ministers were arrested by authorities hours after the announcement of a new anti-corruption committee, with sweeping powers and headed by Crown Prince Mohammed bin Salman, the Saudi-owned Al Arabiya news service reported.

 

 

Prince Miteb, son of the late King Abdullah, was replaced as minister of the National Guard by Prince Khaled Ayyaf, according to a royal decree carried by state-run media late Saturday. Before his ouster, Prince Miteb was one of the few remaining senior princes to have survived a series of cabinet reshuffles that promoted allies of the crown prince, who is the king’s son and heir to the throne.

 

King Salman has sidelined other senior members of the royal family to prevent any opposition to the crown prince. Prince Mohammed, 32, replaced his elder cousin, Muhammed bin Nayef, as crown prince in June, a maneuver that removed any doubt of how succession plans will unfold following the reign of King Salman, now 81.

While details remain scarce about this "Saturday of the long Saudi knives" - which some have suggested may be a countercoup attempt -  DPA confirms the Al Arabiya report that three senior state officials were sacked.

 

 

Salman relieved Prince Moteib bin Abdullah of his post as minister of the National Guard, replacing him with Khaled bin Ayaf, the official Saudi news agency SPA reported. Additionally, Minister of Economy and Planning Adel al-Faqieh was replaced by Mohammed al-Tuwaijri, SPA said, quoting a royal decree. Commander of the Saudi Navy, Abdullah al-Sultan, was replaced with Fahad al-Ghafli.

No official explanation was given for the sackings.

 

In recent months, the Saudi monarch has carried out a string of reshuffles appointing young people in senior state posts. In June, Salman ousted his nephew as the crown prince and appointed his son Mohammed to become the first in line to succeed him. The monarch on Saturday ordered the creation of an anti-corruption committee led by the crown prince amid a rumoured crackdown on suspected tainted officials and royals. Mohammed, 31, is seen as the driving force behind opening up the ultra-conservative country to the outside world and weaning its economy off oil.

Furthermore, there is speculation that all private flights and VIP departures out of Saudi Arabia have been suspended temporarily, similar to what happened following the last "gentle coup" in June when Prince Mohammed (MBS), 32, replaced his elder cousin, Muhammed bin Nayef, as crown prince in June, a maneuver that removed any doubt of how succession plans will unfold following the reign of King Salman, now 81.

3h

حسن سجواني  

 

 ✔@HSajwanization

Replying to @HSajwanization

HISTORIC night | Up untill 12am KSA time: 

A total of 18 Princes have been arrested in #KSA in corruption and bribery charges pic.twitter.com/H470SNCJFF

 

حسن سجواني  

 

✔@HSajwanization

 

#BREAKING : unconfirmed news: 
all private flights and VIP departures in #KSA are suspended temporarily https://twitter.com/aviationwg/status/926917893710901248 …

5:14 PM - Nov 4, 2017

•  

http://www.zerohedge.com/news/2017-11-04/shocking-purge-saudi-king-arrests-billionaire-prince-bin-talal-others-anti-money-lau

 

According to the AngryArab blog, the removal of Prince Miteb bin Abdullah as head of the National Guard, means that "this is the first time that the National Guard is not in the hand of Abdullah or his son."

 

 

That put all apparatus of the military-intelligence network in the hands of Muhammad bin Salman.  News that Al-Walid bin Talal has been arrested and accused of money laundering.  This could be a service to Trump, who hates Al-Walid: the two fought it out on twitter during the campaign although Al-Walid tried to reconcile with Trump after his election but to no avail. 

Bin Talal's arrest and the government reshuffle caps off a bizarre day for Saudi newsflow, which started with the resignation of Palestinian prime minister Saad al-Hariri, who announced he was quitting due to fears of an assassination plot, allegedly organized by Iran, followed shortly after by the Saudi defense forces intercepting a ballistic missile as it was about to strike the capital Riyadh.

To summarise today's even more bizarre Saudi news day:

• Trump urges Aramco IPO
• Lebanon PM resigns
• Saudis intercept missile
• Major cabinet reshuffle; 3 Saudi princes - who run the anti-graft committee - arrested for money-laundering
• A total of 11 princes, >30 ministers arrested on corruption

[new york kevin]

On 9/21/2017 at 6:30 PM, nannab said:

 

Hopefully this goes right before I become a legal senior citizen next month and can enjoy and be able to afford retirement. 

 

If I may I will raise it to 5.    Happy dreams and thoughts everyone moving ever closer !!!!! 

Next month would be good with me. On the other side nannab if it doesn't RV by next month at least you will be able to enjoy a discount at many restaurants,  airlines, and cialis dispensing machines. 

[Freedomwish]

Ummm.....I'm reading Beautiful Dream's recent post on my tablet, while at my local bar having my simple whiskey drink.....I accidentally shouted "HOLY $#!+" 

 

IT'S GOING DOWN FOLKS!! HUGE!! 

[Rmc10]

2 hours ago, Freedomwish said:

Ummm.....I'm reading Beautiful Dream's recent post on my tablet, while at my local bar having my simple whiskey drink.....I accidentally shouted "HOLY $#!+" 

 

IT'S GOING DOWN FOLKS!! HUGE!! 

 

59 minutes ago, Botzwana said:

That is what his name means?  I am so stupid.  I thought it had something to do with Butts...

 

 lol! You guys always make me laugh.

[Butifldrm]

7 hours ago, Freedomwish said:

Ummm.....I'm reading Beautiful Dream's recent post on my tablet, while at my local bar having my simple whiskey drink.....I accidentally shouted "HOLY $#!+" 

 

IT'S GOING DOWN FOLKS!! HUGE!! 

 

6 hours ago, Botzwana said:

That is what his name means?  I am so stupid.  I thought it had something to do with Butts...

 

5 hours ago, Rmc10 said:

 

 

 lol! You guys always make me laugh.

 

You guys are sooo funny! I'm cracking up cause I'm a girl!

[Butifldrm]

Saudi princes among dozens detained by new anti-corruption committee

Comes as part of a series of sweeping changes introduced by King Salman

• Henry Austin 
• 2 hours ago
• 8 comments

1K

Click to follow
The Independent Online

 

Saudi Arabia's King Salman Reuters

A new anti-corruption committee has reportedly detained 11 princes, four current ministers and dozens of former ministers in Saudi Arabia.

It came as part of a series of sweeping changes by the Middle Eastern nation’s King Salman who removed one of the royal family's most prominent members as head of the National Guard and boosted the kingdom's young crown prince.

None of those detained were named and it is unclear what, if any, charges they face. But Saudi broadcaster Al-Arabiya reported that new investigations had been launched into the 2009 Jeddah floods and the Mers virus outbreak in 2012.

The cabinet reshuffle saw Prince Miteb bin Abdullah replaced as minister of the National Guard by Khaled bin Ayyaf.

READ MORE

• Saudi Arabia intercepts missile fired from Yemen targeting aiport
• Trump begs Saudi to sell its national oil company shares in US
• Saudi Arabia could be the next tourist hotspot
• Saudi Arabia to begin uranium extraction in nuclear power drive

Prince Miteb, the preferred son of the late King Abdullah, was once thought to be a leading contender for the throne before the unexpected rise of Prince Mohammed two years ago.

He had inherited control of the National Guard, an elite internal security force built out of traditional tribal units, from his father, who ran it for five decades.

He was the last remaining member of Abdullah's branch of the family to hold a position in the upper echelons of the Saudi power structure.

Prince Mohammed, the king's 32-year-old son, already serves as defence minister and was named heir to the throne in a June reshuffle that sidelined his older cousin, Prince Mohammed bin Nayef who had also served as interior minister.

 

He has been responsible at the same time for running Saudi Arabia’s war in Yemen, dictating an energy policy with global implications and behind the plans for the kingdom to build a future after oil.

Prince Mohammed, who has pledged to go after corruption at the highest levels, will now also head up the new anti-corruption body, which was given broad powers to investigate cases, issue arrest warrants and travel restrictions, and freeze assets.

"The homeland will not exist unless corruption is uprooted and the corrupt are held accountable," the royal decree said.

The move consolidates Crown Prince Mohammed's control of the kingdom's security institutions, which had long been headed by separate powerful branches of the ruling family.

Reuters contributed to this report

 

http://www.independent.co.uk/news/world/middle-east/saudi-arabia-anti-corruption-committee-princes-arrested-king-salman-government-changes-a8038146.html

[Butifldrm]

Bin Salman prevents private jets from leaving Saudi Arabia

05/11/2017 03:15 | Number of readings: 15

font size:  

Trend Press / Agencies

A number of Saudi citizens were arrested on suspicion of corruption in some of the hotels in the Saudi capital Riyadh and were denied contact until the completion of the investigation, Reuters quoted a Saudi source as saying.

"Saudi authorities are keeping some detainees at the Ritz-Carlton Hotel in the diplomatic district of Riyadh," the source said, adding that "the Saudi Crown Prince has ordered that private aircraft be prevented from leaving Saudi Arabia and closing private airfields."

The number of eminent figures arrested by Saudi Arabia's Supreme Anti-Corruption Committee, led by Crown Prince Mohammed bin Salman, rose to 49 on

Sunday, including a number of current and former princes, ministers and businessmen.

 

http://aletejahtv.org/permalink/189987.html

 

MT