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yota691

Soon ... the largest commercial exchange between Saudi Arabia and Iraq

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 money and business


Economy News _ Baghdad

The volume of trade exchange between the Iraqi economy and Saudi Arabia, 5.4 billion dollars in 10 years. 
"The volume of trade exchange between the Iraqi economy and Saudi Arabia reached 5.4 billion dollars during the last ten years," said Al Mazaya Holding, a weekly real estate report. 
The report noted that "these figures are expected to rise in light of the progress recorded on the current commercial and investment movement in the near future."


Views 15   Date Added 11/02/2019

 
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Halabousi to his Kuwaiti and Saudi counterparts: the need to encourage investors to invest in Iraq

07:35 - 10/02/2019

 
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BAGHDAD (Reuters) - 
Mohammed al-Halbusi, chairman of the House of Representatives, met with his Kuwaiti counterpart Marzouq Ali al-Ghanim and Saudi Arabia's Abdullah bin Mohammed bin Ibrahim al-Sheikh on Sunday to encourage investors to invest in Iraq. 
The media office of the Speaker of the House of Representatives, in a statement received / Mawazine News / a copy, that "Halbusi, met with the President of the Shura Council on the sidelines of his participation in the Arab Parliaments Conference, Abdullah bin Mohammed bin Ibrahim Al-Sheikh." 
"The meeting reviewed the bilateral relations between the two countries, ways of enhancing cooperation and coordination in the parliamentary field, as well as unifying positions in parliamentary forums at the Arab and international levels," the statement added.
Al-Halaboussi also met with his Kuwaiti counterpart Marzouq Ali Al-Ghanim. He discussed with him a number of issues and issues of mutual interest, activating the parliamentary friendship committees between the two countries and activating cooperation between Iraq and Kuwait. 
"The importance of expanding the horizons of cooperation in all areas, especially the reconstruction file by encouraging investors to invest in Iraq; to rebuild the destroyed cities and underserved areas, as well as contribute to the efforts of the return of displaced persons and stability."

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Soon ... the largest commercial exchange between Saudi Arabia and Iraq

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Baghdad - NRT
 
Saudi Arabia's ambassador to Iraq, Abdul Aziz al-Shammari, said Wednesday that Saudi Arabia intends to open the largest trade exchange on its northern border with Iraq over the next four months. 
Al-Shammari said in a press statement: "The Saudi-Iraqi Coordination Council will be held in the Iraqi capital Baghdad next March, and is expected to sign many agreements and the launch of several projects between the two countries on the sidelines of the meeting."
Al-Shammari added that "Saudi-Iraqi relations are at their best," revealing that "there are close visits of Iraqi officials to Saudi Arabia."
"Visas will be granted to Iraqis from Baghdad within the next two months and the official opening of the Saudi consulate there," he said. 
Regarding the Arar border crossing between the two countries, Shammari said: "We expect the opening of the port officially in June." He pointed out that "Saudi Arabia has pledged to build a full Iraqi port and equipped with all the requirements of any port, infrastructure, office and technical equipment, and inspection devices, and within four months will be ready."
Al-Shammari said: "The border port with Iraq will contain the largest trade exchange between the two countries, and will be on the Saudi side," noting that "with the opening of the port all the goods imported by Iraqi traders from Saudi Arabia will cost less, instead of entering through neighboring countries will enter this Goods directly, as will be reflected on the economic movement within Iraq. " 
He added: "The Iraqis can also use Saudi ports on the Red Sea in the export and import operations from Europe and Africa, and will be the road to Hajj and Umrah is open throughout the year through this port, and the neighboring countries of Iraq will benefit through the passage of pilgrims and Umrah through this port to Mecca and Medina "He said.
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I think they would do better on the investments that they are looking for if they would bring there money to a good playing field.

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3 hours ago, yota691 said:
 
Saudi Arabia's ambassador to Iraq, Abdul Aziz Al-Shammari added that "Saudi-Iraqi relations are at their best," revealing that "there are close visits of Iraqi officials to Saudi Arabia."

 

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29 minutes ago, Laid Back said:

In the next four month from a closed economy to an open market economy 

 

- Bilateral trade with Saudi Arabia 

- Bilateral trade with Iran using dinar or euro.

- Agreement with other countries India, UK, USA, Canada, Germany..

 

Go open market economy 

Go growth 

Go RV

 

 

 

 

 

 

Looking more and more like the stars are aligning just right for all of us.

 

  Thxs LB.

 

   pp

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27 minutes ago, pokerplayer said:

 

 

Looking more and more like the stars are aligning just right for all of us.

 

  Thxs LB.

 

   pp

 

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Now they can trade with Countries other than Iran which will give the more autonomy. This is a real good thing! A lot of good news is being posted. Iraq, Kuwait and Saudi Arabia can be a wealthy power house in the Middle East if this all manifest!

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So the Saudi interpretation of SOON is 4 months. Iraqi interpretation...they’re not even close. 

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1 hour ago, 10 YEARS LATER said:

So the Saudi interpretation of SOON is 4 months. Iraqi interpretation...they’re not even close. 

I agree and 4 months will take this whole process till the end of the second quarter ... They should rephrase the word "soon" to .. And "so on" it goes.

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4 hours ago, pokerplayer said:

 

 

Looking more and more like the stars are aligning just right for all of us.

 

  Thxs LB.

 

   pp

Totally agree my friend pp,

The open market economy will allow people to buy goods and services within its economy and to buy goods and services provided by firms outside of its borders.

One result of this is that it can import deflation and inflation which impacts monetary policy.

 

Go open market economy 

Go dinar international 

Go RV

Go $1:1

 

 

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5 hours ago, Laid Back said:

In the next four month from a closed economy to an open market economy 

 

- Bilateral trade with Saudi Arabia 

- Bilateral trade with Iran using dinar or euro.

- Agreement with other countries India, UK, USA, Canada, Germany..

 

Go open market economy 

Go growth 

Go RV

 

 

 

 

Feeling the same way there LB. 

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5 hours ago, pokerplayer said:

 

 

Looking more and more like the stars are aligning just right for all of us.

 

  Thxs LB.

 

   pp

Does seem like things are aligning for us. 

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2 hours ago, ChuckFinley said:

Feeling the same way there LB. 

A lot of good things happening my friend👍🏽😊

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