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

[6ly410]

Wow thanks yota 

[6ly410]

Economic cooperation between Iraq and Saudi Arabia .. Major gains

Sunday 21 April 2019 27

 

Baghdad / Hussein Thugb - Farah Al-Khafaf

 

 

A visit to Saudi Arabia by Prime Minister Adel Abdul-Mahdi and his accompanying delegation to Saudi Arabia is "an important step" to move joint cooperation to wider horizons on the ground, especially in the economic aspects.

The Prime Minister and his accompanying delegation concluded a successful visit to Saudi Arabia on Friday, which resulted in the signing of 13 agreements and memorandums of understanding between the two countries in various fields.

Chairman of the Baghdad Chamber of Commerce and member of the delegation Jaafar al-Hamdani that "cooperation with the regional environment is an urgent need to activate the Iraqi labor market, in a manner that achieves integration between Iraq and neighboring countries, especially Saudi Arabia, which represents a large economic burden at the level of the region and possess advanced technologies in the fields Industrial and agricultural ". 

Al-Hamdani pointed out that "such new directions for joint cooperation with high convictions, come to fruition and achieve the great benefit to the country and its economy, where Iraq can be the starting point of trade between the countries of the world in the East and West, and this is not impossible, but can transfer the national economy to A better stage and makes it in contact with major global economies, which are aware of the size of Iraq economically at the world level. " 

Thamer al-Azzawi told Al-Sabah: "What resulted from the prime minister's visit to Riyadh is a new era of cooperation between the two countries."

"The agreements and memorandums of understanding signed between the two countries will pave the way between Baghdad and Riyadh," he said, adding that "the results of these agreements and memoranda will be reached by the two peoples soon, especially with regard to economic cooperation, which will witness unprecedented prosperity."

The agreements and memorandums of understanding signed between the two countries during the visit included: a memorandum of understanding in the field of political consultations, an agreement on the mutual recognition of product conformity certificate, an investment promotion and protection agreement, a memorandum of understanding in the field of agricultural cooperation, In the field of oil and gas, a memorandum of understanding in the field of electric energy, and a memorandum of understanding in the field of scientific and educational cooperation between the Ministry of Education of Saudi Arabia and the Ministry of Higher Education and Scientific Research of Iraq, a memorandum of understanding on a program of cultural cooperation, An understanding between the Saudi Ministry of Education and the Iraqi Ministry of Education, a memorandum of understanding on technical cooperation program, a memorandum of understanding to study the feasibility of electric linkage, a memorandum of understanding for cooperation in the maritime field and a memorandum to regulate passenger and road transport operations. 

The expert said that "delegations from the two countries will start reciprocal visits to activate these agreements and memos." He pointed out that "benefiting from them will be in various fields, especially that Iraq has signed similar agreements with the neighbors Iran and Jordan, in addition to important agreements with Syria, Others with Turkey, and perhaps Kuwait as well. "

He denied the expert affected the industrial and agricultural sectors in these agreements, because the government has put items to keep away any negative effects on the Iraqi economy, stressing that these agreements will contribute to the movement of all sectors, not the other way around, especially that the Iraqi market will be open to goods and crops, In return for the export of what is manufactured and grown at home, meaning that the goods and the Iraqi crop will be found in these countries soon, and will compete with what these countries import from the origins of the lowest quality compared to the national product.

Al-Azzawi also praised the opening of the first branch of the Iraqi Bank for Foreign Trade in Riyadh, which coincided with the visit of the Prime Minister to Saudi Arabia, which returned the step "a good opening" for financial cooperation between the two countries, especially that the Kingdom of Saudi Arabia has a huge stock of hard currency.

"Iraq is a big kiss for major international companies in the coming period, and the start of cooperation with the regional neighborhood achieves major economic gains, as it can create bilateral partnerships with Saudi companies and other neighboring countries, leading to major international companies and being a center. A major trade in the world, and this is recognized by the largest economic blocs around the world. "

"Starting to make the FAO region a global industrial starting point is very important and makes great economic gains for Iraq, Saudi companies and other international companies that own capital and advanced technology," he said. 

Edited April 22, 2019 by 6ly410

[navira]

Let's go make  the iqd boom..

[yota691]

Saudi exports to Iraq grow by 40% in a year

 

money and business Economy News _ Baghdad The Secretary General of the Saudi Export Development Authority Salih al-Salami revealed on Tuesday that the Saudi exports to Iraq increased significantly during the year, pointing out that the value of the Kingdom's non-oil exports to Iraq during the year 2018 amounted to 4.2 billion Saudi riyals with growth of 40% compared to 2017.  "The value of the Kingdom's non-oil exports to Iraq during the year 2018 amounted to 4.2 billion Saudi riyals with a 40 percent growth compared to 2017," Al-Salami said at the opening of the Saudi pavilion at the Erbil International Building Fair.  He added that "the food sector ranked first in the Saudi exports to Iraq worth 662 million Saudi riyals, followed by the construction materials sector with an export value of 565 million riyals, and over the past five years, Saudi non-oil exports to Iraq worth 10 billion riyals." Al-Salami explained that "the participation of the Authority in the exhibition comes within the framework of efforts to support the Saudi source, promote Saudi products and services, enhance their presence and raise their competitiveness in the international and regional markets, in line with Saudi Arabia's Vision 2030 and its objectives to increase non-oil exports from 16% to 50% Gross Domestic Product Value ".  Views 29   Date Added 04/23/2019

[yota691]

Iraqi industry reveals details of agreements signed with Saudi Arabia

General Company for Iraqi Structural Industries

 23 April 2019 02:10 PM

Mubasher: The Ministry of Industry and Minerals of Iraq, on Tuesday, invited foreign businessmen to exploit investment opportunities after the establishment of the appropriate ground for them.

The ministry said, according to the Iraqi news agency "conscious", that the memorandum of understanding signed with Saudi Arabia included investment in the petrochemicals, iron and extractive minerals.

The Minister of Industry and Minerals said that the ministry has signed a joint industrial memorandum of understanding with Saudi Arabia, including the operation of several factories.

Saleh Al Jubouri added that the memorandum will soon be published, and that the Saudi side will invest in a number of strategic projects in Iraq, in addition to partnership in the manufacturing and extractive industries.

The minister called on foreign investors to visit the ministry's website and learn about investment opportunities. 

Jubouri pointed out that it is hoped that the coming months will witness the start of implementation of what has been agreed between Iraq and Saudi Arabia, and with the participation of the public and private sectors, which will contribute to improving the quality of production, according to ministry spokesman Abdul Wahid Alwan.

Alwan said that the investor needs to legislate a law that supports his capital, which he brings to Iraq. He pointed out that what was put forward for investment with the Saudi side concerns petrochemicals, iron and steel industry, and mineral extraction industries. 

It is noteworthy that more than 100 industrial investment opportunities offered by Iraq on the Saudi side during the visits between Iraq and Saudi Arabia.

[yota691]

The arrival of a delegation from the Gulf Cooperation Council to Baghdad

 

Tuesday, April 23,

 

Alsumaria News / Baghdad A delegation from the Gulf Cooperation Council (GCC) arrived in Baghdad on Tuesday for an official visit. "A delegation from the Gulf Cooperation Council (GCC) headed by Secretary-General Abdul Latif bin Rashid Al-Zayani has arrived in Baghdad this afternoon," state television reported in an emergency news broadcast by Alsumaria News.  The capital Baghdad on Saturday (April 20, 2019) hosted the conference of parliaments of neighboring countries of Iraq, at the invitation of Parliament Speaker Mohamed Halboussi.

 

[6ly410]

Trade: MoUs with Saudi Arabia will increase investment space

Minister of Commerce Mohammed Hashim Al - Ani. "Internet"
 
 
Economy News Baghdad

The Ministry of Commerce confirmed on Tuesday that memorandums of understanding with Saudi Arabia will increase investment space in Iraq for various ministries and sectors.

"The agreement with the Saudi Minister of Commerce during the last visit to Riyadh was based on the joint work program and resulted in successful results, which summarized the recommendations of the Coordination Council," Iraqi Trade Minister Mohammad Hashim al-Ani said in an interview with the official Iraqi News Agency (INA). To increase the volume of trade exchange with Saudi Arabia and increase investment areas in Iraq for various ministries and sectors. "

He added that "the agreement with the Saudi side included the signing of 13 memorandums of understanding, including the ministries of oil and education and the Ministry of Sports, Youth, Culture and Finance and other ministries and the private sector in addition to investing Saudi funds in factories and laboratories in Iraq."

Views 4 Date Added 23/04/2019 

http://economy-news.net/content.php?id=16394

[dinareffic]

Saudi Arabia reports 40% growth in non-oil exports to Iraq

•  

23 April 2019
 

Saudi exports to Iraq increased significantly during the year to Saudi Arabia, the secretary-general of the Saudi Export Development Authority, Salih al-Salami, said Tuesday. The kingdom's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals, Compared to 2017.
"The value of Saudi Arabia's non-oil exports to Iraq in 2018 amounted to 4.2 billion Saudi riyals with a growth of 40 percent compared to 2017," he said on the sidelines of the Erbil International Construction Exhibition.
"The food sector ranked first in Saudi exports to Iraq at 662 million Saudi riyals, followed by the construction materials sector with an export value of 565 million riyals. Over the past five years, Saudi non-oil exports to Iraq have reached 10 billion riyals."
He pointed out that "the participation of the Authority in the exhibition comes within the framework of efforts to support the Saudi source and promote the Saudi products and services and enhance their presence and raise their competitiveness in the global and regional markets in line with the vision of Saudi Arabia 2030 and its objectives to increase the proportion of non-oil exports from 16% to 50% Gross Domestic Product Value ".


http://wattaennews.net/archives/28791

[yota691]

Abdul Mahdi reviews his visit to Saudi Arabia before the President of the Republic

Political | 12:26 - 25/04/2019

 

 

 

BAGHDAD - 
Prime Minister Adel Abdul Mahdi on Thursday reviewed his visit to Saudi Arabia before President Barham Salih. 
"President Barham Salih received today, at the Peace Palace in Baghdad, Prime Minister Adel Abdul Mahdi," a presidential statement said in a statement received by Mawazine News. 
The statement added that "the meeting was discussed during the latest political and security developments and current challenges on the Iraqi arena, as well as upgrading the level of services provided to the Iraqi people and achieve their aspirations to live a decent." 
He added that "the meeting dealt with the discussion of the situation and political developments at the Arab and regional levels," pointing out that "Abdul Mahdi reviewed his visit to Saudi Arabia recently, and the results of fruitful results."

[6ly410]

Sunday، 28 April 2019 11:01 PM

Saudi delegation reaches Najaf airport before launching direct flights

 

https://www.thebaghdadpost.com/en/Story/38940/Saudi-delegation-reaches-Najaf-airport-before-launching-direct-flights

 

Al-Najaf International Airport announced the arrival of a delegation from Saudi Arabia's General Authority of Civil Aviation.

The visit of the Saudi delegation came in preparation for the implementation of an agreement between the two sides on launching direct flights between Saudi Arabia and Najaf airport, the media service of the airport said.

For the first time in decades, the governments of Iraq and Saudi Arabia signed on January 17, as many as 13 agreements in the fields of energy, oil, investment and agriculture.

Edited April 28, 2019 by 6ly410

[yota691]

14-05-2019 10:06 PM

Saudi Arabia offers $ 56 billion in investments in Iraq

 

 

BAGHDAD / 
The head of the Coalition for Reform and Reconstruction Ammar al-Hakim revealed on Tuesday that Saudi Arabia offered 56 billion to invest in Iraq with the freedom to choose projects and their locations. 
"Saudi Arabia has offered 56 billion to invest in Iraq with the freedom to choose projects and their locations," Hakim said during a meeting organized by the Rafidain Center for Dialogue. 
"Saudi Arabia has informed Iraq that it is coming to the policy of opening up and starting a new phase."

[blueskyline]

Trade Bank Of Iraq . Appears to be the opening ...........

[6ly410]

5 minutes ago, blueskyline said:

Trade Bank Of Iraq . Appears to be the opening ...........

Good one thank you... wow 

Edited May 15, 2019 by 6ly410

[6ly410]

This is awesome wow 

[6ly410]

Can you post the link if you don’t mind? Thank u 

[6ly410]

nvm found it thanks again

Edited May 15, 2019 by 6ly410

[yota691]

 

 

Source: A senior Iraqi delegation will visit Saudi Arabia to complete previous talks between the two countries
Last updated: 22 May 2019 - 2:05 PM
 BAGHDAD / A senior Iraqi delegation will start a visit to the Saudi capital of Riyadh to follow up and finalize the talks between the two countries, an official source said Wednesday. The source added that "the Iraqi delegation will follow up the agreements and memoranda of understanding reached during the visit of the Saudi delegation and the recent visit of Prime Minister Adel Abdul Mahdi to Riyadh."
 

[yota691]

Iraq comments on the use of Saudi Arabia to its ports in the Red Sea .. These details

History of edits:: 2019/5/22 13:53 • 1146 once readable

[Baghdad: Al-Furat News} Oil Minister Thamer Ghadhban commented on Saudi Arabia's use of an Iraqi port in the Red Sea.

"The port was operated in 2004 after it ceased operation after 2003, and it is Iraqi in its entirety and reaches an Iraqi pipeline running from the Zubair station in Basra, passing through Saudi Arabia to the port," Ghadhban told the Euphrates News after hosting him in the oil and energy committee. Yanbu with a storage warehouse card 10 million barrels and a load of ". 
"Our information now that at that time introduced by Saudi Arabia in the energy system and uses it now," stressing that the port "will be the subject of research and each incident and talk of future meetings will be one of the topics raised with them." 
Al-Ghadhban stressed that "the positive relations between Iraq and Saudi Arabia are in the best shape and I was in Jeddah two days ago and before the prime minister's visit to Riyadh, during which 13 memorandums of understanding were signed in various fields."
"What we have seen is an interest, a warm welcome, a serious reception and a rush, all of which indicate that the Saudi government and people are supportive of Iraq and stand against terrorism and are open in various fields, including economic activity." 
An Iraqi official said on January 3, 2019, that Saudi Arabia had used an oil port on the Red Sea, which was built with Iraqi funds, while the Iraqi side objected. 
The Gulf newspaper quoted the official as saying that "Iraq is seeking clarification from the Saudi side on the use of the Kingdom in recent period a port of oil on the Red Sea, was built with Iraqi funds as part of an agreement concluded at the end of the eighties between the two countries to diversify the sources of Iraqi oil exports, but stopped after the war Gulf. "Finished

[yota691]

Minister of Planning Arrives in Riyadh

History of edits:: 2019/5/23 11:27 • 165 times readable

BAGHDAD (Reuters) - Planning Minister Nuri Sabah al-Dulaimi arrived in Riyadh on Thursday to head a high-level delegation to Saudi Arabia for a two-day visit at the official invitation of the Saudi General Authority for the Study of Saudi Studies.

"The delegation's visit to Riyadh comes within the framework of joint work within the Iraqi-Saudi Coordination Council," Dulaimi said in a statement to the ministry. 
The delegation, which includes the Chairman of the Investment Authority and representatives of the Ministries of Commerce, Housing and Municipalities, the Head of the Legal Department of the General Secretariat of the Council of Ministers and a number of Directors General of the Ministry of Planning and others, will discuss with the Saudi side a number of important issues and issues within the agenda of the second meeting of the Economic and Trade Committee And investment and relief, emanating from the Iraqi-Saudi Coordination Council, and to contribute to the promotion of economic, investment and trade cooperation between the two brotherly countries. "

[yota691]

Minister of Planning heads the Iraqi delegation in the meetings of the Economic Committee in Riyadh

Flag of Saudi Arabia and Iraq

 23 May 2019 12:54 PM

The Iraqi Minister of Planning Nuri Sabah al-Dulaimi on Thursday the Iraqi delegation in the meetings of the Iraqi-Saudi Economic Investment Committee held in Riyadh for two days .

According to a statement by the ministry according to the Iraqi News Agency (INA), the delegation's visit to Riyadh comes at the official invitation of the Saudi General Investment Authority in the framework of joint work within the Iraqi-Saudi Coordination Council.

The delegation includes the head of the Investment Authority and representatives of the Ministries of Commerce, Housing and Municipalities, the Head of the Legal Department of the General Secretariat of the Council of Ministers and a number of Directors General of the Ministry of Planning and others, will discuss a number of issues and important files .

He added that the meeting will discuss in its second agenda the files of the Economic, Trade, Investment and Relief Committee, which comes out of the Iraqi-Saudi Coordinating Council, which resulted during the visit of the Saudi delegation to Baghdad last month.

Iraq signed on April 17, about 13 agreements and memorandums of understanding between the Iraqi ministers and their counterparts on the Saudi side, on the sidelines of the meeting of Saudi King Salman bin Abdul Aziz, Iraqi Prime Minister Adel Abdul Mahdi, in the Saudi capital Riyadh .

The Iraqi delegation included more than 11 ministers, 68 government officials and more than 70 private sector businessmen on a two-day visit.

[yota691]

The Iraqi-Saudi Coordination Council endorses a number of recommendations, including the unification of customs procedures

 

Emaar Construction Economy News - Baghdad The Iraqi-Saudi Coordination Council held its eighth session on Thursday, while the Secretary-General stressed the government's vision of placing Iraq within broad economic circles, which decided to unify the customs procedures. The Council discussed during its 8th meeting held in the building of the Secretariat of the Council of Ministers headed by Deputy Prime Minister for Energy Thamer Ghadhban the next steps for the work of the Council. The agenda of the meeting, which was attended by a number of ministers and the Secretary-General of the Council of Ministers Hamid al-Ghazi, set a set of important recommendations related to the implementation of activities and joint activities between Iraq and Saudi Arabia, in light of the agreements and memorandums of understanding signed by both sides to increase the volume of joint cooperation between the two brotherly countries . The Secretary-General of the Council of Ministers stressed the importance of convening intensive meetings of the committees and providing the Secretariat with recommendations for follow-up and placing them within the general framework of the work of the Council, pointing out that the vision of the current government is moving towards setting priorities and placing Iraq within broad economic circles. During its review, the Council recommended the work of the committees concerned to complete the requirements of implementation of memorandums of understanding for their importance in achieving development in various fields of investment, economic, industrial, commercial and agricultural, as well as energy, transport, education, youth, sports and other areas agreed upon. The council approved a number of recommendations, including the measures of the Iraqi side on the border crossings and the location of the establishment of sports stadium Mahdy from Saudi Arabia and the unification of customs procedures. Views 6   Date Added 05/23/2019

[Butifldrm]

Baghdad Post Saturday, 25 May 2019 11:59 p

 

The Minister of Planning chairs the meetings of the Economic Committee of the Iraqi Iraqi Coordination Council

 

Chaired by Planning Minister Nuri al- Sabah al - Dulaimi , head of the Economic Committee , trade, investment and development and relief in the Saudi Iraqi Coordination Council in Riyadh.

In the presence of the Governor of the Saudi General Investment Authority, Eng. Ibrahim bin Abdul Rahman Al-Omar, Chairman of the Economic, Trade, Investment, Development and Relief Committee on the Saudi side, and a number of government officials from both sides. 

According to a statement by the office of Dulaimi, "the meeting discussed the axes of work on the agenda, ways of activating all the agreements and memorandums of understanding signed on the sidelines of the visit of the Prime Minister Adel Abdul-Mahdi to the Kingdom last month, and ways to stimulate the investment sector and support the private sector and resolve obstacles in the field of Investment, economic development and reconstruction, relief and humanitarian support ".

Al-Dulaimi pointed out that these meetings are evidence of the two countries' keenness to exchange qualitative investments for the great potential of the countries, supported by the common political will, in addition to the willingness and readiness of the private sector to achieve the common commercial goals and interests between the two countries. 
For his part, the Governor of the Saudi Investment Authority Ibrahim Al-Omar stressed the importance of this visit, in which the two sides look forward to developing relations in all fields, stressing that the Kingdom looks forward to the brotherly Iraq being more prosperous economically and through enhancing the fields of cooperation between the two brotherly countries. And work on translating the agreements that have been reached between the two countries.

Count

https://www.thebaghdadpost.com/ar/Story/167969/وزير-التخطيط-يترأس-اجتماعات-اللجنة-الاقتصادية-بمجلس-التنسيق-العراقي-السعودي

[Butifldrm]

Saudi Arabia: Growth of our exports to Iraq exceeded 70%

 

EconomySaudi ArabiaIraqSaudi exportsArar port

 2019/05/26 09:25:37

 

"The two countries discussed investment opportunities in Iraq on the sidelines of the visit of the Iraqi prime minister to Saudi Arabia last week," said Ibrahim Al-Omar, head of the Saudi-Saudi Joint Investment and Development Committee. 
He said in an interview with "Al Arabiya" that the meeting was successful by all standards, an extension of the previous meetings, and discussed the investment opportunities in Iraq, which was presented to the private sector in Saudi Arabia. 
He also pointed out that the challenges faced by Saudi investors in Iraq were discussed with the Iraqi delegation to work to overcome them. 
He pointed out that Saudi exports to Iraq grew by more than 70 per cent, but considered that the figures are not satisfactory so far and expected to increase significantly after the opening of the line "New Arar" linking the Kingdom and Iraq.
For his part, said Nuri al-Dulaimi, Iraqi Planning Minister that Saudi Arabia and Iraq discussed several issues, most notably the activation of agreements and memoranda of understanding and stimulate investment between the two countries.

https://www.shafaaq.com/ar/اقتصـاد/السعودية-نمو-صادراتنا-للعراق-تجاوز-70/

[yota691]

"Iraqi-Saudi Coordination" discusses the agreements signed between the two countries

Part of the meeting of the Iraqi side in the Iraqi-Saudi Coordination Council

 25 June 2019 11:33 p

The Iraqi side discussed in the Iraqi-Saudi Coordination Council the period of time specified in the agreement between the two countries and addressing the obstacles in all the areas covered by the agreement during a session held at the General Secretariat of the Council of Ministers.

The meeting, according to a statement issued by the General Secretariat of the Council of Ministers, presented a summary of the meeting of the Economic, Trade, Investment, Development and Relief Committee, along with their counterparts on the Saudi side, during the meeting held in Riyadh in May 2019.

The meeting discussed the establishment of a sports stadium dedicated to Saudi Arabia by King Salman bin Abdul Aziz and Iraq's accession to the International Council of Dates in Saudi Arabia.

The meeting discussed the recommendations of the meeting of the Committee on Transport, Border Ports and Ports, and the signing of a memorandum of understanding for commercial exchange and development planning after the final draft agreement was approved and ratified.

The Committee endorsed the minutes of the meeting of the 8th meeting and included the final recommendations of the current meeting.

In October 2017, Saudi King Salman bin Abdulaziz Al Saud and Iraqi Prime Minister Haider al-Abbadi signed the memorandum establishing the coordination council between the two countries.

A high-level Saudi economic delegation comprising seven ministers and a number of representatives of ministries, government actors and private companies visited the Republic of Iraq for a two-day visit last April on the sidelines of the second session of the Iraqi-Saudi Coordination Council.

On April 17, Iraq signed 13 agreements and memorandums of understanding between Iraqi ministers and their counterparts on the Saudi side, on the sidelines of the meeting of Saudi King Salman bin Abdul Aziz, Iraqi Prime Minister Adel Abdul Mahdi, in the Saudi capital Riyadh.

In May, Iraqi Planning Minister Nouri Sabah al-Dulaimi  headed the Iraqi delegation at the meetings of the Iraqi-Saudi Economic Investment Committee held in Riyadh.

The files of the Economic, Trade, Investment and Relief Committee of the Iraqi-Saudi Coordinating Council, which resulted during the visit of the Saudi delegation to Baghdad in April, were discussed.

[ChuckFinley]

Big time deal getting done every day now.