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Saudi ministers agree to memoranda of understanding with Iraq in several areas


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Saudi Customs: A logistics zone on the border with Iraq to be launched soon

Saudi Customs: A logistics zone on the border with Iraq to be launched soon
Arar border crossing between Saudi Arabia and Iraq
 10 September 2019 02:18 PM

RIYADH - The governor of Saudi Arabia's General Authority of Customs (GAC) disclosed that the GAC is in the process of launching competition for the private sector to the logistics zone located next to the new port of Arar with the State of Iraq.

"We are in the process of launching a competition for a consultant working with us to close the deal, which will help us build this logistics area and use it as a deposit area according to customs procedures and regulations," said Ahmed Al-Haqbani, according to Al-Iqtisadiah.

Al-Haqbani predicted that the logistics zone will be signed by the operator before the end of the first quarter of 2020. He expects the logistics zone to contribute more economic mobility to the northern region.

The Minister of Trade and Investment, head of the Saudi side in the Saudi-Iraqi Coordination Council, said last April that the opening of the new port of Arar after six months , stressing that it would be a big step in the way of strengthening trade relations and raising the level of trade exchange between the two countries.

Saudi Arabia's ambassador to Iraq, July 16, said the Arar border crossing will be officially inaugurated on October 15, 2019.

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2019/09/12 11:01
  • The number of readings 33
  • Section: Iraq
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Iraq and Saudi Arabia determine the date of opening the border port of Arar for commercial purposes

BAGHDAD / Obelisk: Iraq agreed with Saudi Arabia, on Thursday, September 12, 2019, to set the date of opening the port of Arar border for commercial purposes.

According to media reported by the obelisk, the crossing will be opened in the middle of next month on a trial basis.

"Arar border crossing with the Saudi side will be opened on a trial basis on October 15, with an agreement between us."

She explained that the project is a "newborn" of the agreements between Iraq and Saudi Arabia, and this move is a positive step in order to open all ports with the Kingdom.

"The outlet is equipped with advanced equipment to facilitate the movement of wheels between the two countries and to develop trade between them," said Majid Al-Marzam, the Saudi Customs Authority's agent.

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http://almasalah.com/ar/news/178200/العراق-والسعودية-يحددان-موعد-فتح-منفذ-عرعر-الحدودي-للأغراض-التجارية

 

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  • yota691 changed the title to Saudi Shura approves mutual protection of investments with Iraq

Saudi Shura approves mutual protection of investments with Iraq

Saudi Shura approves mutual protection of investments with Iraq
Flag of Saudi Arabia and Iraq
 28 October 2019 12:02 PM

RIYADH - The Saudi Shura Council approved on Monday a draft agreement between Saudi Arabia and the Republic of Iraq on the promotion and mutual protection of investments .

An investment promotion and protection agreement was signed between Saudi Arabia and Iraq during Iraqi Prime Minister Adel Abdul-Mahdi's visit to Saudi Arabia in April 2019.

It was signed by the Saudi side, Minister of Trade and Investment Majid bin Abdullah al-Qasabi, and the Iraqi side by the head of the National Investment Authority, Sami Raouf al-Araji.

The agreement was approved by the Iraqi cabinet in May; it was discussed by the Iraqi parliament in September.

The Saudi Shura Council approved a draft memorandum of understanding between the Saudi government and the government of Iraq to cooperate in the field of maritime transport, and a draft memorandum of understanding to organize the transport of passengers and goods on land roads between the Ministry of Transport in the Kingdom and the Ministry of Transport in Iraq.

The 63rd ordinary session of the Majlis, chaired by its Chairman Abdullah Al-Sheikh, has just begun.

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Mubasher Newsletter on Egypt and the Gulf States

Mubasher Newsletter on Egypt and the Gulf States
Mubasher News Bulletin
 29 October 2019 12:06 AM

 

Cairo - Mubasher: Mubasher is reporting on the latest financial and business news and government decisions in Egypt and the Arab Gulf countries on Monday in its daily bulletin .

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In Egypt ,  it topped many of today news and positive indicators Egyptian economy, along number of government decisions on investment and plan to increase the absorptive capacity of the marine ports ,addition to adoption general assemblies cash distributions of some companies listed on stock exchange .

In the forefront of this news, the  performance indicators of non-oil foreign trade of Egyptian exports during the first nine months of this year  increased by 3 percent to reach 19.201 billion dollars.

And the Bureau of Statistics revealed the high value of industrial production (without crude oil and refined extract) during the fourth quarter (October-December)  for the year 2018 by 21.6 percent, reaching  188.8 billion pounds, compared to 155.3 billion pounds during the same period last year to him .

The  United Nations Conference on Trade and Development (UNCTAD) said in a report  that Egypt was the biggest attraction for FDI in Africa in the first half of 2019, attracting foreign direct investment worth $ 3.6 billion.

The Investment Authority approved  a facilitation package for the investors of Mit Ghamr , who purchased the terms of reference during the period of the launch of the number of 107 industrial units fully finished and facilities in the investment area of Mit Ghamr; in order to develop and develop their industry within the region .

The Suez Canal economy announced that it has received offers to establish two factories in the region with investments of $ 1.456 billion . Billion . 

There is also a request from major companies to establish a project to establish a factory to produce stainless steel with a production capacity of 250 thousand tons per year of stainless steel plates on an area of 270 thousand square meters, with a total investment of 156 million dollars .

The commercial director of East Port Said Development Company revealed that the decision to allocate 250 thousand meters for chemical exporters before the end of this year.

The CEO of Kuwait Flour Mills Company also revealed the intention of Mills to enter the Egyptian market,  which he described as promising .

The  Minister of Planning said that it is planned to launch the sovereign fund officially end of this year or early next year.

As for wheat cultivation,  the Egyptian Ministry of Agriculture aims to plant 3.5 million acres of wheat during the next season , up from about 3.16 million acres during the previous season, according to Reuters .

Foreign Minister Sameh Shoukry discussed with his US counterpart Mike Pompeo several regional files, most notably the crisis of the Ethiopian Renaissance Dam in a telephone conversation on Monday evening.

Stock exchange and companies

EGX indices ended the session on Monday, on a collective rise  supported by purchases of Egyptian investors, where EGX 30 rose 0.45 percent (the highest barrier of 14300 points) to close at 14301 points .

The Cairo Criminal Court adjourned, the first hearing of the trial of Alaa and Gamal Mubarak and seven others in the case known as media manipulation in the stock market , to a hearing on Tuesday.

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In Saudi Arabia , foreigners' remittances fell to $ 24.8 billion in 9 months , Saudi Arabia's foreign reserves held at their lowest level since March , and SAMA assets fell 1.1% in September .

The energy minister discussed the oil market with his Nigerian counterpart , and the kingdom entered into a preliminary agreement with Japan to continue storing Aramco oil .

The CEO of the Russian Direct Investment Fund, said that the implementation of national projects in Russia creates great opportunities to invest $ 200 billion in a number of sectors of the economy in partnership with Saudi Arabia .

The real estate price index fell 2.7% in the third quarter , and the Ministry of Labor monitored 17,000 violations in the third quarter .

He called on members of the Shura Council to support retirees .. and the exception of Saudi workers in the government sector of the "Sand " , the Council also discussed the National Savings Strategy , and the Council agreed on the mutual protection of investments with Iraq .

survey conducted by Mubasher showed the kingdom posted a 303 billion riyal trade surplus in eight months . The report showed  that healthcare spending in the kingdom rose to $ 160 billion by 2030 .

The Saudi Stock Exchange (Tadawul) announced that it approved the request of Alkatiri Holding Company to move from the parallel market to the main market with a capital of 45.21 million riyals and 4.52 million shares.

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In the UAE, the results of the companies listed in the capital markets for the third quarter, most notably Emirates NBD , Abu Dhabi Airways dominated the news, as well as the talks of the Crown Prince of Abu Dhabi with French Foreign Minister Jean-Yves Laudrian. 

The Dubai Financial Market (DFM) on Monday launched the Dubai  Islamic Market Index, the  first of its kind in the UAE .

Abu Dhabi's FDI Transparency Index scored  73.8 points from 100 points this year .

Jebel Ali Free Zone (Jafza) has signed an agreement with Amer Center  to provide family visa services to employees of licensed companies in Jafza and the National Industries Complex (NIP). .

The Japanese consul in Dubai revealed his country's efforts to increase its rice exports to the UAE and the region , and the International Monetary Fund (IMF) launched its 'October 2019' version of Dubai .

UAE Vice President Sheikh Mohammed bin Rashid has opened laboratories to build the future of the UAE .

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In Kuwait, the Council of Ministers transmitted the report of the Audit Bureau on the 2018-2018 budget to the “Follow-up of Government Performance  and instructed the Kuwait Municipality to coordinate the implementation of decisions to allocate two plots to the “General Industry  .

The committee concluded the " Legislative Council of the National Assembly to the unconstitutionality of the questioning of the Kuwaiti Prime Minister , while the Council will consider tomorrow the  questioning of the Ministers of Finance and Works .

The head of the government communication center and the official spokesman for the Kuwaiti government denied that the government was resigning .

The General Authority of the workforce need for the owners of licenses to bring domestic workers to renew those licenses prior to the completion duration of at least a month , and denied Deputy Director General for the protection of the labor force of the General Authority of the workforce in Kuwait, convert any feature of a visit to the work of the private sector , and recommended " Workers Union" Cancel the sponsor's system .

The Central Agency for Public Tenders approved the request of Kuwait National Petroleum Company (KNPC) to extend the date of submitting the tender evaluation results for the tender for the supply, construction, operation and maintenance of the Al-Dabdaba Solar Power Project until the issuance of the Cabinet's decision.

The bank issued a " Kuwaiti Central" bonds worth 200 million dinars .

The Ministry of Commerce and Industry banned the import of drones without a license , as the state seeks a new mechanism for Internet prices .

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And Qatar topped the Brazilian president 's visit and the agreements signed between the two countries , the 6 most important news.

The Brazilian president said that to overcome any obstacles to Qatar 's investments "personal responsibility " .

The Ministry of Commerce and Industry issued a law to secure the strategic stock of food commodities , and published the Ministry of Infographic .. steps to cancel the trade license .

 The Qatar Chamber has signed several cooperation agreements with its counterparts in Mozambique and Malaysia .

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  • yota691 changed the title to Saudi Shura Council adopts cooperation with Iraq in the fields of electricity, oil and gas

Saudi Shura Council adopts cooperation with Iraq in the fields of electricity, oil and gas

Saudi Shura Council adopts cooperation with Iraq in the fields of electricity, oil and gas
Saudi Shura Council - Archive
 13 November 2019 12:44 PM

Riyadh - Mubasher: The Saudi Shura Council approved today a number of memorandums of understanding with several countries, most notably with Iraq in the fields of electricity, oil and gas.

The Shura Council approved draft memorandums of understanding between the Kingdom of Iraq and the Government of Iraq in the field of electric power, and between the Ministry of Energy in the Kingdom and the Iraqi Ministry of Oil for cooperation in the oil and gas sector.

According to what was published through the Council's official account on the "Twitter", the Council approved a draft memorandum of understanding with the Iraqi side between the Ministry of Industry in the Kingdom and the Ministry of Industry and Minerals in Iraq; to cooperate in the sectors of industry and mineral wealth.

A draft memorandum of understanding for cooperation in the field of intellectual property was approved between the Saudi Intellectual Property Authority in Saudi Arabia and the National Intellectual Property Administration of the People's Republic of China.

Shura approved a draft memorandum of understanding for scientific and geological cooperation between the Saudi Geological Survey in the Kingdom and the Russian Geological Foundation Holding in the Russian Federation.

The Council also approved a draft memorandum of understanding on political consultations between the Ministry of Foreign Affairs of Saudi Arabia and the Ministry of Foreign Affairs of the Republic of Burundi.

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Saudi Arabia signs memorandums of understanding with Iraq in the fields of electricity, oil and gas

Political | 05:05 - 13/11/2019

 
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BAGHDAD -
The Saudi Shura Council approved on Wednesday a number of memorandums of understanding with several countries, most notably with Iraq in the areas of electricity, oil and gas.
According to published through the official Council account on "Twitter", it has been in accordance with the Council on a draft memorandum of understanding with the Iraqi side between the Ministry of Industry in the Kingdom and the Ministry of Industry and Minerals in Iraq; cooperation in the sectors of industry and mineral wealth. "
The body electrical connection Gulf has revealed its intention, tender Implementation of the project linking Iraq, the Gulf network, in the second half of this year, to start supplying Iraq of electric power in the summer of 2020.

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  • yota691 changed the title to The Saudi ministers adopt memoranda of understanding with Iraq in the transportation field

The Saudi ministers adopt memoranda of understanding with Iraq in the transportation field

The Saudi ministers adopt memoranda of understanding with Iraq in the transportation field
A side of the Saudi cabinet meeting
 December 24, 2019 03:25 PM

Riyadh - Mubasher: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, presided over the session held by the Council of Ministers, today, Tuesday, at Al Yamamah Palace .

According to the Saudi Press Agency "SPA", the Council of Ministers approved memoranda of understanding with the Iraqi side in the transportation field.

The Cabinet approved a memorandum of understanding between the government of the Kingdom of Saudi Arabia and the government of the Republic of Iraq for cooperation in the field of maritime transport.

And a memorandum of understanding was approved to organize the operations of transporting passengers and goods by road, between the Ministry of Transport in the Kingdom of Saudi Arabia and the Ministry of Transport in the Republic of Iraq.

The Council approved the memoranda of understanding, after reviewing what was submitted by the Minister of Transport, Chairman of the Board of Directors of the General Authority for Transport, and after considering the Shura Council Resolution No. (257/63) dated 29 Safar 1441 AH, and a royal decree was prepared accordingly.

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud , to continue economic reforms, and to ensure the completion of the achievement of the objectives of the Kingdom 's Vision 2030.

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  • yota691 changed the title to Saudi ministers agree to memoranda of understanding with Iraq in several areas

Saudi ministers agree to memoranda of understanding with Iraq in several areas

Saudi ministers agree to memoranda of understanding with Iraq in several areas
Note Saudi Arabia and Iraq
 January 07, 2020 03:27 PM

RIYADH - Mubasher: During its weekly session today, headed by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the Saudi Cabinet approved memoranda of understanding with Iraq in several areas.

And the Cabinet decided, according to the Saudi Press Agency, "SPA", to approve a memorandum of understanding between the government of the Kingdom of Saudi Arabia and the government of the Republic of Iraq in the field of electric energy .

Two memoranda of understanding were agreed between the ministries of energy, industry and mineral wealth in the Kingdom of Saudi Arabia, and the ministries of oil and industry and minerals in the Republic of Iraq for cooperation in the oil and gas, industry and mineral wealth sectors .

A royal decree was prepared with the notes approved by the Council of Ministers.

The Saudi Cabinet held its weekly session today, Tuesday , at Al Yamamah Palace, headed by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

On October 28 last, the Saudi Shura Council approved a draft agreement between the Kingdom of Saudi Arabia and the Republic of Iraq on the promotion and mutual protection of investments .

On December 24, 2019, the Council of Ministers approved memoranda of understanding with the Iraqi side in the transportation field to organize the transportation of passengers and goods on road roads.

Last April, Iraq signed 13 agreements and memoranda of understanding between Iraqi ministers and their counterparts on the Saudi side, in the presence of the Saudi monarch, King Salman bin Abdulaziz, and Prime Minister Adel Abdul-Mahdi.

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  • 3 weeks later...
22-01-2020 07:58 PM

On the sidelines of the Davos Forum ... Iraq and Saudi Arabia discuss opportunities for investment cooperation

image.php?token=620ed0453a21bbba6c4154c9feb604eb&c=8395929&size=
 


 

Baghdad - news

Finance Minister Fouad Hussein discussed today, Wednesday, with his Saudi counterpart, opportunities for investment cooperation between the two countries.

"On the sidelines of the Davos Economic Forum, I met the Saudi Finance Minister, Mr. Muhammad Abdullah Al-Jadaan," said a brief statement to the Finance Minister's office, which Al-Akhbariya received, a copy of it.

He added, "The two parties discussed bilateral relations, especially in the economic aspect, and opportunities for economic and investment cooperation between the two countries."

http://www.ikhnews.com/index.php?page=article&id=207670

 
 

 

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Al-Jubeir: Saudi Arabia is concerned about Iran's theft of Iraq’s resources

Al-Jubeir: Saudi Arabia is concerned about Iran's theft of Iraq’s resources

 

 

RIYADH - Mubasher: The Minister of State for Foreign Affairs, a member of the Saudi Cabinet, confirmed that his country is concerned about Iran's theft of Iraq’s resources .

Adel Al-Jubeir said, in a television interview on the sidelines of the Davos Economic Forum, today, Thursday: "Saudi Arabia is concerned about Iranian interference in Iraqi affairs, and with concern as a result of what Iran is doing to steal Iraqi resources and to mobilize its militias within Iran ."

Al-Jubeir’s comments came in a symposium titled “The Unstable Middle East,” as part of the activities of the Davos Economic Forum in Switzerland, according to the official account of the Saudi Ministry of Foreign Affairs on “Twitter”.

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Al-Jubeir pointed out that the reason for the inability of Iraq to stand on its own feet is Iranian interference in its internal affairs .

He stressed that Iran is involved in Iraq, Syria, Lebanon and Bahrain .

Commenting on the recent escalation in the region, Al-Jubeir stated, "The escalation comes from the Iranian side, as the Kingdom did not fire a single bullet or missile and did not plant terrorist cells against Iran. This happened with us on their side, so it is not possible to talk about an escalation on our part ."

The Saudi minister called on the officials in Iran to take care of their people first, get out of Arab lands and respect international law, adding, "It is up to the Iranians to determine whether they want to provoke a reaction from the international community or not ."

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https://www.mubasher.info/news/3584117/الجبير-السعودية-تشعر-بالقلق-إزاء-سرقة-إيران-موارد-العراق/

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