Butifldrm Posted July 16, 2018 Report Share Posted July 16, 2018 2018/07/16 19:10 Abadi, the minister of electricity, will discuss energy issues with Saudi Arabia BAGHDAD (Reuters) - Prime Minister Haidar al-Abadi on Monday (July 16th, 2018) ordered electricity minister Qassem al-Fahdawi to go to Saudi Arabia to sign a memorandum on energy. Al-Abbadi said in a statement, "Al-Massalla", that "Abadi instructed Fahdawi and his advanced cadres in the ministry to go to Saudi Arabia next week to sign a memorandum of understanding in the field of energy." It is noteworthy that the Minister of Electricity Qassim Al-Fahdawi and the Minister of Youth and Sports Abdul Hussein Abtan and the representative of the Ministry of Foreign Affairs, went to Iran earlier, in order to sign a memorandum in the field of energy. Follow the obelisk http://almasalah.com/ar/news/144173/العبادي-يكلف-وزير-الكهرباء-بحث-شؤون-الطاقة-مع-السعودية 2 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 17, 2018 Report Share Posted July 17, 2018 Tomorrow, a ministerial delegation heads to Saudi Arabia 11:32 - 17/07/2018 BAGHDAD (Reuters) - Planning Minister Salman Jumaili will head a ministerial delegation to Saudi Arabia on Wednesday to discuss several issues, including the activation of air, sea and land transport between the two countries and the energy file. She said the Ministry of Planning, in a statement received / scales News / copy of it, "Planning Minister Salman Jumaili / head of the Iraqi side of the Iraqi Council - Saudi Arabia 's head, on Wednesday, at the head of a high - level delegation to the city of Jeddah in Saudi Arabia," explained Jumaili , According to the statement, that "the visit of the delegation comes at the behest of the Prime Minister Haider Abadi," pointing out that "the delegation includes oil ministers Abdul Jalabar al-Allaibi and electricity Qassim Fahdawi and transport Kazem cup pigeon and a number of general managers in a number of ministries." "The delegation will discuss with the Saudi side a number of important issues and issues within the framework of the Iraqi-Saudi Coordination Council," the minister said. "The energy file, which includes electricity and fuel, will be one of the most important issues to be discussed with the Saudi side." Al-Jumaili said that "the delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries." 2 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 17, 2018 Report Share Posted July 17, 2018 Jumaili to visit Saudi Arabia to discuss energy and transport issue Wednesday money and business Economy News _ Baghdad The Minister of Planning and Development Cooperation said on Tuesday that his minister will travel to Saudi Arabia on Wednesday to discuss energy and transport. Planning Minister Salman al-Jumaili said in a statement that he would head an official delegation including the minister of oil and transport and a number of general managers on Wednesday to Saudi Arabia to discuss a number of important issues within the framework of the Iraqi-Saudi Coordination Council. "The file of energy, which includes electricity and fuel will be one of the most important files will be discussed with Saudi Arabia." "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries," Jumaili said. Views 18 Date Added 17/07/2018 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 17, 2018 Report Share Posted July 17, 2018 High ministerial delegation to visit Saudi Arabia tomorrow .. These files Editorial date: 2018/7/17 11:25 • 661 times read (Baghdad: Al Furat News) A senior Iraqi ministerial delegation plans to visit Saudi Arabia on Wednesday. "Planning Minister Salman al-Jumaili, head of the Iraqi side of the Iraqi-Saudi Council, heads a high-ranking delegation on Wednesday to the city of Jeddah in Saudi Arabia," a ministry statement said. "The delegation includes ministers of oil Abdul Jalabar al-Luaibi and electricity Qassem al-Fahdawi and transport Kazem Vajan al-Hamami and a number of general managers in a number of ministries," the statement quoted Jumaili as saying. "The delegation will discuss with the Saudi side a number of important issues and issues within the framework of the Iraqi-Saudi Coordination Council," Jumaili said. "The energy file, which includes electricity and fuel, will be one of the most important issues to be discussed with the Saudi side." "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries," he said 2 2 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted July 17, 2018 Author Report Share Posted July 17, 2018 2018/07/17 10:45 Jumaili visits Saudi Arabia to discuss energy issue BAGHDAD, July 17, 2018 (WAM) - Planning Minister Salman Jumaili will travel to Saudi Arabia on Wednesday to discuss energy and transportation, the Ministry of Planning and Development Cooperation said Tuesday. Planning Minister Salman al-Jumaili said in a statement that he would head an official delegation including the oil minister and transport and a number of general managers Wednesday to Saudi Arabia to discuss a number of important issues within the framework of the Iraqi-Saudi Coordination Council. One of the most important files will be discussed with Saudi Arabia. " "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries," Jumaili said. Many of the provinces and provinces of Iraq are witnessing large demonstrations, especially in the southern provinces, due to the decline in the level of service delivery, including electricity. The obelisk http://almasalah.com/ar/news/144210/الجميلي-يزور-السعودية-لبحث-ملف-الطاقة 1 2 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted July 17, 2018 Author Report Share Posted July 17, 2018 Abadi policy sends a high ministerial delegation to Saudi Arabia to discuss three files Twilight News 3 hours ago Iraqi Minister of Planning Salman Jumaili heads the Iraqi delegation to the Saudi-Saudi Council at the head of a high-ranking delegation on Wednesday to the city of Jeddah in Saudi Arabia. Al-Jumaili said in a press statement that the delegation's visit comes at the behest of Prime Minister Haider al-Abadi, adding that the delegation includes oil ministers Abdul-Jabbar al-Luaibi and electricity Qassim al-Fahdawi and transport Kazem Wajan al-Hamami and a number of general managers in a number of ministries. Jumaili said that the delegation will discuss with the Saudi side a number of important issues and issues within the framework of the Iraqi-Saudi Coordinating Council, pointing out that the energy file, which includes electricity and fuel, will be one of the most important files to be discussed with the Saudi side. The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries. Iran has decided to halt the export of electricity to Iraq for about four weeks, at the height of the summer, against the background of problems related to the transfer of Iraq to the amounts due to Tehran. Iraq produces 15.7 thousand megawatts of electricity, and imports from Iran 1200 megawatts, while needs 23 thousand megawatts to ensure non-interruption of electricity for Iraqis and the result is 12 hours a day representing the rate of power cuts for the Iraqi provinces. Keywords: http://www.shafaaq.com/ar/Ar_NewsReader/d7a20593-8b02-49b4-969d-080d7ffda411 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 17, 2018 Report Share Posted July 17, 2018 Jumaili to visit Saudi Arabia to discuss energy and transport issue Wednesday Tuesday 17 July Alsumaria News / Baghdad announced the Ministry of Planning and Development Cooperation, on Tuesday, said its minister will travel to Saudi Arabia on Wednesday to discuss energy and transport file. Planning Minister Salman al-Jumaili said in a statement to Alsumaria News that he would head an official delegation including the minister of oil and transport and a number of general managers on Wednesday to Saudi Arabia to discuss a number of important issues in the framework of the Iraqi-Saudi Coordination Council, Which includes electricity and fuel will be one of the most important files will be discussed with Saudi Arabia. " "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries," Jumaili said. Many of the provinces and provinces of Iraq are witnessing large demonstrations, especially in the southern provinces, due to the decline in the level of service delivery, including electricity. 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 17, 2018 Report Share Posted July 17, 2018 Minister of Planning visits Saudi Arabia to discuss energy, electricity and fuel 17/07/2018 (Independent) ... The Ministry of Planning and Development Cooperation announced that its minister will travel on Wednesday to Saudi Arabia to discuss the issue of energy and transport. Planning Minister Salman al-Jumaili said in a statement that he will head an official delegation including the oil and transport minister and a number of general managers on Wednesday to Saudi Arabia to discuss a number of important issues within the framework of the Iraqi-Saudi Coordination Council, The energy file that includes electricity and fuel will be one of the most important files to be discussed with Saudi Arabia. " "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries," Jumaili said. (End) 3 2 Quote Link to comment Share on other sites More sharing options...
KDuesing Posted July 17, 2018 Report Share Posted July 17, 2018 So Iran is out and Saudi Arabia will take their place supplying electricity to Parts of Iraq, I wonder how that will go over with Maliki and his militias? Let the sabotage begin. 7 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted July 17, 2018 Report Share Posted July 17, 2018 Thanks Yota/Butifldrm...This couldn't have been scripted better...This's one of those transition that make you go hummmmmmmm....Irainian Maliki has to be on the ropes now... 1 3 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted July 17, 2018 Report Share Posted July 17, 2018 Iraq is cutting dependency from Iran. 6 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted July 18, 2018 Author Report Share Posted July 18, 2018 Politician Iraqi ministerial delegation postponed its visit to Saudi Arabia without giving reasons 12:25 - 18/07/2018 Information / Baghdad .. The Ministry of Planning, on Wednesday, postponed the visit of the Iraqi delegation to Saudi Arabia to another notice without specifying the reasons for the postponement. "The Iraqi ministerial delegation consisting of the ministers of planning, transport, oil and electricity has been postponed to another notice," ministry spokesman Abdul Zahra al-Hindawi said in a statement. "He did not respond to the reasons for the postponement." The Hindawi said that "the visit that was scheduled to take place today comes within the meetings of the Iraqi-Saudi Joint Coordination Council." Ending / 25 http://www.almaalomah.com/2018/07/18/327156/ 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 18, 2018 Report Share Posted July 18, 2018 Postponement of the visit of the Iraqi delegation to Saudi Arabia to another notice Release Date: 2018/7/18 13:36 • 18 times read [Ayn-Baghdad] The Iraqi government took an urgent decision on Wednesday on the visit of an Iraqi delegation of ministers of planning, transport, oil and electricity, to Saudi Arabia. The Ministry of Planning announced the postponement of the visit of the Iraqi delegation to Saudi Arabia to another notice. "The visit of the Iraqi ministerial delegation, consisting of ministers of planning, transport, oil and electricity, has been deferred to another notice," ministry spokesman Abdel-Zahra al-Hindawi said, noting that "the reasons for postponement did not respond to him." Hindawi said that "the visit that was scheduled to take place today comes within the meetings of the Joint Iraqi-Saudi Coordination Council." In turn, the news sites quoted a source familiar with the "postponement of the visit of the Iraqi Minister of Electricity Qassim Fahdawi and Planning Minister Salman Jumaili to Saudi Arabia to another notice," citing the reasons for "incomplete files that are scheduled to be discussed during the visit." Many of the regions and provinces of Iraq are witnessing large demonstrations, especially in the southern governorates, due to the decline in the level of providing services to citizens, including electricity. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 18, 2018 Report Share Posted July 18, 2018 A source familiar with the postponement of the visit of the delegation to Saudi Arabia and the reason !! 18-07-2018 02:26 PM Readers Baghdad News - A source familiar with the matter, on Wednesday, postponed the visit of Minister of Electricity Qassim Fahdawi and Planning Minister Salman Jumaili to Saudi Arabia to another notice. The source said in a press statement that 'the visit of the Iraqi delegation to Saudi Arabia was postponed to another notice'. The source, who asked not to be named, attributed the postponement to "incomplete files that are scheduled to be discussed during the visit." 3 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted July 18, 2018 Report Share Posted July 18, 2018 Thanks Yota...Iraq not prepared...Imagine that...at least they're consistent... 1 2 1 Quote Link to comment Share on other sites More sharing options...
SupraRacer Posted July 18, 2018 Report Share Posted July 18, 2018 1 hour ago, skeetdog said: Thanks Yota...Iraq not prepared...Imagine that...at least they're consistent... Well let's get consistent and RV that currency already. SR 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 18, 2018 Report Share Posted July 18, 2018 Iraqi delegation postponed his visit to Saudi Arabia to discuss the supply of electricity to his country BAGHDAD (Reuters) - The high-level Iraqi delegation postponed its scheduled visit to the Saudi city of Jeddah to a further notice after it was scheduled to go to discuss the possibility of supplying the country with electricity. Al-Quds Al-Arabi learned from a senior source within the delegation that "all the members of the delegation received the official visa to enter Saudi Arabia," noting that «all the arrangements for the visit were completed, but we were surprised that it was for one day only, and this time is not enough to discuss all the files and arrange the delegation's papers» . According to the source, who preferred not to be identified, the postponement of the visit to another notice, comes to «extend its time longer than one day», in addition to «the order of the Iraqi delegation all files in an integrated manner, in preparation for the launch in Jeddah». He added: «Iraq will see great openness to Saudi Arabia in all sectors, after Iran closed its doors to Iraq in the file to provide us with electric power», pointing out that «Saudi Arabia opened its arms to Iraq at this sensitive time, and expressed its willingness to provide support and all files» . According to the source, "the Saudi side told Iraq that it is ready to influence its partners and allies in the region, such as Turkey, to solve their problems with Iraq, such as the water file and others." Iraqi Planning Minister Salman al-Jumaili, head of the Iraqi side of the Iraqi-Saudi Council, was to head a high-level delegation to Jeddah, Saudi Arabia. Al-Jumaili said in a statement that the delegation's visit comes at the behest of Prime Minister Haider al-Abadi, adding that "the delegation includes the ministers of oil, Abdul-Jabbar al-Allaibi, electricity Qassim al-Fahdawi, transport Kazem al-Hamami and a number of general managers In a number of ministries ». He added that «the delegation will discuss with the Saudi side a number of issues and important files in the framework of the Iraqi Coordination Council Saudi», pointing out that «the energy file, which includes electricity and fuel will be one of the most important files to be discussed with the Saudi side». The delegation will also discuss other issues related to «activating the air, sea and land transport between the two countries». Iran decided to stop exporting electricity to Iraq about four weeks ago, at the height of the summer, on the back of problems related to the transfer of Iraq to the amounts due to Tehran. Iraq produces 15.7 thousand megawatts of electricity, and imports from Iran 1200 megawatts, while needs 23 thousand megawatts to ensure non-interruption of electricity for Iraqis, and the result is 12 hours a day representing the rate of power cuts for the Iraqi provinces. Jul 19, 2018 1 1 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted July 18, 2018 Author Report Share Posted July 18, 2018 electricity economy reveals new developments in the visit of the Iraqi delegation to Saudi Arabia Twilight News 3 hours ago A spokesman for the Ministry of Electricity Musab teacher, on Wednesday, postponed the visit of the Minister of Electricity to Saudi Arabia several days. The teacher told Ashqaf News that "the visit of the Minister of Electricity Qassem Al-Fahdawi to Saudi Arabia was postponed," referring to the reason "for the purpose of preparing an integrated technical delegation." "There are two delegations to visit Saudi Arabia, the first is a technician related to the energy and fuel file, followed by another political delegation for the purpose of signing a cooperation agreement between the two countries in this regard." Iraq has not been able to persuade Iran to re-energize it, but has resorted to an alternative plan to contract with Saudi Arabia to supply the country with energy. Keywords: http://www.shafaaq.com/ar/Ar_NewsReader/f317a1f3-cf84-48c6-9bf3-42e602f8b078 1 2 Quote Link to comment Share on other sites More sharing options...
nannab Posted July 19, 2018 Report Share Posted July 19, 2018 A perfect reason not to open the border crossings with Iran. Thank you Butifldrm and have a good night DV. 2 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted July 19, 2018 Report Share Posted July 19, 2018 Thanks Yota/Butifldrm...This's nothing short of a blessing in disguise...Maliki and company can feel the noose tightening.... 2 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 21, 2018 Report Share Posted July 21, 2018 A senior Iraqi delegation to visit Saudi Arabia today .. This is its agenda Release date: 2018/7/21 11:56 • 637 times read BAGHDAD (Reuters) - A senior Iraqi ministerial delegation is due to visit Saudi Arabia on Saturday after it was scheduled for Wednesday but was postponed due to the government's discussion of the protesters' demands. The delegation will be headed by Planning Minister Salman Jumaili as the head of the Iraqi side of the Iraqi-Saudi Council. Jumaili said earlier that "the visit of the delegation comes at the behest of the Prime Minister Haider Abadi," explaining that "the delegation includes oil ministers Abdul Jalab al-Luaibi and electricity Qassem Fahdawi and transport Kazem Vajan al-Hamami and a number of general managers in a number of ministries." "The delegation will discuss with the Saudi side a number of important issues and issues within the framework of the Iraqi-Saudi Coordination Council," Jumaili said. "The energy file, which includes electricity and fuel, will be one of the most important issues to be discussed with the Saudi side." "The delegation will also discuss other issues related to the activation of air, sea and land transport between the two countries." Official documents showed the agenda of the visit of the delegation and includes meetings with the government and private sector and access to some Saudi institutions and is scheduled to conclude the visit on July 23 [next Monday]. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 24, 2018 Report Share Posted July 24, 2018 Saudi Arabia announces important decision on Iraq Date of release: 2018/7/24 10:13 • 2129 times read (Baghdad: Al-Furat News) The head of the Kurdistan Regional Government, Nechirvan Barzani, agreed with a Saudi delegation to visit the region currently on several points on employment opportunities and investment and the strengthening of economic and trade relations between the two sides. A statement issued by the Presidency of the Kurdistan Regional Government on Tuesday that "the two sides discussed the employment opportunities and investment and strengthen economic and trade relations in all areas in the Kurdistan region." "The two sides agreed that the Kurdistan Region, as a first step, should take a position to start commercial, economic, labor and investment activities throughout Iraq," he said. The statement said that " Barzani expressed his support for the Kurdistan Regional Government and the provision of facilities to invest and operate Saudi capital in the Kurdistan Region and to promote and develop economic and trade relations between Iraq and the Kurdistan Region and Saudi Arabia, hoping that the near future will see practical steps to develop these relations. A delegation from the Kingdom of Saudi Arabia, currently in the region, includes Sami bin Abdullah Al Obeidi, President of the Chambers of Commerce in Saudi Arabia, Abdulaziz Al Shammari, Ambassador of the Kingdom of Iraq, Mansour Faisal Al Otaibi, Saudi Consul General in Kurdistan Region, Saudi Arabia. Done 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 24, 2018 Report Share Posted July 24, 2018 The launch of the trade forum between the Kurdistan region and Saudi Arabia in Erbil Tuesday 24 July Alsumaria News / Erbil The activities of the trade forum between the Kurdistan region and Saudi Arabia began Tuesday in Erbil with the participation of many businessmen and investors Saudi. "The Kurdistan region is moving towards ending the economic crisis it faces," the minister of commerce of the Kurdistan region Ali Sindi said at the launch ceremony of the forum, which was attended by Alsumaria News, pointing out that "the region is currently seeking to diversify its economic resources." Sindi stressed "the importance of developing relations between the region and Saudi Arabia at various levels." For his part, President of the Saudi Chamber of Commerce Sami bin Abdullah al-Obeidi said that "Iraq will be the focus of attention to Saudi investment," pointing out that "there are many points to attract investment in the region and we will try to raise the volume of Saudi investment in the region." The Kurdistan Regional Government announced yesterday in a statement received by Alsumaria News a copy of it that the delegation of Saudi investors expressed their desire to invest in the Kurdistan Region during their meeting with the President of the Kurdistan Regional Government, Nechirvan Barzani. The two sides stressed the need to start direct flights between the Kurdistan region and Saudi Arabia, and the opening of a Saudi bank in the Kurdistan region and Iraq. 2 Quote Link to comment Share on other sites More sharing options...
The Englishman Posted July 24, 2018 Report Share Posted July 24, 2018 Business Saudi Arabia eyes Kurdistan as starting point for investing in Iraq By Rudaw 1 hour ago A delegation of Saudi officials and businessmen is visiting Erbil. Photo: Mohammed Shwani/Rudaw ERBIL, Kurdistan Region – A visiting delegation from Riyadh agreed with KRG officials to open economic ties with the Kurdistan Region as a starting point for Saudi investment in Iraq. "Following the completion of the first round of a conference of Saudi investors with members of the Kurdistan Regional Government and businessmen, we followed that there are very important investment opportunities in the Kurdistan Region," Sami Bin Abdullah al-Obeidi, head of the Kingdom of Saudi Arabia’s Commerce Chambers, told journalists on Tuesday. Obeidi is visiting Erbil along with Abdulaziz al-Shammari, Saudi ambassador to Iraq, Faysal al-Oteibi, Saudi consul general to the Kurdistan Region, and other officials from the kingdom. After a conference with KRG officials and members of the Kurdistan Region’s business community, Obeidi described the business environment in the Kurdistan Region as very suitable, especially considering "very robust ties" between Riyadh and Erbil. The Kurdistan Region offered over 1,500 projects in tourism, agriculture, and other sectors in the conference with Saudi investors. No agreements were immediately made. Saudi Arabia pledged over a billion dollars for rebuilding Iraq in the Kuwait donor conference earlier this year. KRG officials hope some of this sum can be spent on strategic projects in the Kurdistan Region. "The projects in the Kurdistan Region, whether public or private, were showcased to them and the opportunities that there are. They would like to work here. We hope at the end of these talks that our Saudi friends work on some projects in the Kurdistan Region," Dara Jalil Khayat, head of the Trade and Industry Chamber of the Kurdistan Region, told journalists. Saudi Ambassador Shammari said they were impressed with the presentation. "The investment law in the Kurdistan Region is a unique and attractive law for investment,” he told Rudaw, adding that many of the visiting Saudi businessmen “showed interest in building a complete industrial city in the Kurdistan Region.” The Saudi delegation arrived in Erbil on Monday and met with KRG Prime Minister Nechirvan Barzani. They discussed investment and trade, “specifically focusing on fields of shared interest, such as industry, agriculture, and tourism,” read a statement from Barzani’s office. “They agreed that the Kurdistan Region could be a first step and a centre for the initiation of economic, trade, work, and investment activities in all of Iraq,” the readout added. Among the connections discussed were direct flights between them and opening Saudi banks in the Kurdistan Region and Iraq. Barzani “showed all readiness for supporting and facilitating Saudi Arabian investment in the Kurdistan Region… He hopes in the near future practical steps are taken for strengthening bilateral ties,” the KRG statement read. Saudi Arabia’s regional influence makes it an important ally. "In the Middle East, Saudi Arabia has a very strong position. It is very, very important for us,” Majid Sidiq, member of Erbil's Chamber of Commerce, told Rudaw. His organization would like to establish a joint chamber of commerce with Saudi traders. While Erbil and Riyadh cozied up, an official from Iraq’s Shiite Fatih coalition that has ties with Iran, denounced the Saudi visit. “Saudi Arabia has dirty hidden intentions by opening ties with Kurdistan. It wants to split Iraq and weaken it from within Iraqi soil,” Askandar Watwut told Baghdad Today. He urged the federal government to take a firm stance against Saudi-Kurdish cooperation. Baghdad is restoring relations with Riyadh, nearly three decades after ties were cut when Saddam Hussein invaded Kuwait. Iraqi Prime Minister Haider al-Abadi has said regional rivals must not fight their battles on Iraqi soil. 1 1 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted July 25, 2018 Report Share Posted July 25, 2018 The Saudi Crown Prince is directing a package of economic cooperation with Iraqi Kurdistan Tuesday, 24 July 2018 05:40 Prince Mohammed bin Salman Saudi Arabia and the Kurdistan region agreed on a package of economic and investment cooperation, including the launch of flights, the opening of a Saudi bank in the region and the holding of an investment conference to boost trade relations between the two sides . The cooperation was based on talks held in the city of Arbil, the capital of the northern Iraqi Kurdistan region, between the President of the Kurdistan Regional Government Najirvan Barzani and a delegation of Saudi Arabia included Sami bin Abdullah Al-Obaidi, head of the Saudi Chambers of Commerce, Abdul Aziz al-Shamri, the ambassador of the Kingdom in Iraq and Mansur Faisal al-Otaibi, Saudi consul general in the Kurdistan region, Presidents and members of Saudi Chambers of Commerce . The Saudi delegation expressed the desire of Saudi businessmen to invest and operate capitals in the Kurdistan region, benefiting from the stability and suitable land for investment in the region, according to a press release issued by the Presidency of the Kurdish government, pointing out that the two sides discussed employment opportunities and investment and promote economic and trade relations in all In particular areas of interest to both sides for cooperation, such as industrial, agricultural and tourism, and agreed to take the Kurdistan region as a first step to start a business, economic and work It also stressed the need to start direct flights between the Kurdistan region and the Kingdom and the opening of a Saudi bank in the region, and the convening of a conference for this purpose in the Kurdistan region or in Saudi Arabia, with the participation of investors and businessmen and owners of capital from Saudi Arabia and Iraq, including the Kurdistan region and the relevant government agencies on both sides And the formation of a joint follow-up committee For his part, Barzani expressed the support of the Government of the Territory for this cooperation and provide facilities for investment and operation of Saudi capital in Kurdistan and the promotion and development of economic and trade relations between Iraq and the Kurdistan region and between Saudi Arabia, hoping that the near future will witness practical steps to develop these relations between the two sides . The Saudi delegation arrived in Erbil on Monday, which includes businessmen and investors to agree on the implementation of investment projects on the recommendation of Saudi Crown Prince Mohammed bin Salman, said an official in the region . It is noteworthy that Saudi Arabia has a general consulate in Erbil, capital of the Kurdistan region of Iraq, was opened two years ago . On the other hand, the Iraqi Trade Bank, one of the largest banks in the Republic of Iraq, disclosed its efforts to open its first branch in Saudi Arabia, following obtaining the necessary official licenses from SAMAand the Saudi Council of Ministers . The move comes in line with the Iraqi Trade Bank's plan to expand the bank's regional and international operations, following the opening of a representative office in Abu Dhabi, capital of the United Arab Emirates, last November. The Iraqi Trade Bank is currently seeking to open the next branch in Riyadh in order to expand the means of financial, monetary and economic cooperation between the two countries. The official opening will be held before the end of this year . Faisal Al-Hims, Chairman of the Iraqi Trade Bank and Chairman of the Board of Directors, said: "We are delighted at the Iraqi Trade Bank to obtain approvals and licenses from the Saudi Arabian Monetary Agency. Confirms our commitment to implementing international compliance standards based on the banking model adopted in the global banking sector . " "Saudi Arabia is one of the most important markets within our regional expansion strategy to take advantage of the growth in trade exchange between the two countries, " he said. "With the opening of a representative office of the Iraqi Commercial Bank in the Emirate of Abu Dhabi, we have become aware of the huge investment opportunities in Iraq and we are working to build close relationships within the UAE's financial and banking sectors." 2 2 Quote Link to comment Share on other sites More sharing options...
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