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Post by Ssmith on Mon Apr 08, 2019 9:16 am


DELTA » April 7th, 2019

BAGHDAD / The appearance of Mohammed Saleh, financial adviser to the Prime Minister Adel Abdul Mahdi.

Sunday, April 07, 2019, opened a branch of the Commercial Bank of Iraq in Saudi Arabia, for the first time that this move would facilitate the financing of projects and the process of trade with Iraq.


Frank26 » April 7th, 2019

NICE !!!

Iobey777 » April 7th, 2019

IMO, these Saudi deals and arrangements are VERY important and telling!! Iraq has had most of the ME countries come to visit them in the last few weeks/months and they are truly showing that they are the most "popular" girl at the dance right now!! Once they finish playing "musical chairs", hopefully, we will see the BIG ANNOUNCEMENT and the new rate! Go Iraq!! Go Trumo!!!

Don961 » April 7th, 2019

Unprecedented agreements between Saudi Arabia and Iraq .. Exemption of 891 goods and free zones and a railway linking the two countries

Sunday, 07 April 2019

Baghdad - Writings

A long list of 891 items supplied by Saudi Arabia to the Iraqi government for approval for export to Iraq with customs exemptions or at least a reduction in fees.

This was one of the most prominent results of the meeting of the Iraqi-Saudi Coordinating Council on Sunday, April 7, 2019. This led to a number of security, trade, banking, economic, tourism and investment agreements.

Saudi Arabia - which observers, activists and politicians fear to drain financially from Iraqi officials without going to billions of grants provided to serve the Sons of Iraq - called for the establishment of a free zone in the outlet "Arar" after opening in the next six months.

The coordination meetings ended with the need to develop financial relations, and urged Saudi banks to open branches in Iraq, in addition to opening a branch of the Iraqi Trade Bank in Riyadh in mid-May.

It also agreed to study the export of Iraqi dates, wheat and other national products to Saudi Arabia and achieve integration of food security between the two countries, with investment in poultry and agrarian reform.

Riyadh and Baghdad joint committees have agreed to open the door to investment in the oil and gas, industry and electricity sectors, manufacturing industries, the production of electricity and renewable energy, and phosphate and petrochemicals.

One of the highlights was the development of a plan for the railway project between Iraq and Saudi Arabia, as well as the exchange of studies on the development of ports and air transport.

On the other hand, the parties concerned with Hajj and Umrah and religious visits in Iraqi cities have rehabilitated the old pilgrimage route between Kufa and the Holy Land, stressing the increase in the share of Iraqis wishing to perform the annual pilgrimage, in addition to opening the door to tourist groups.

The meeting included a statement by the Secretariat of the Council of Ministers discussing the steps to start the implementation of the stadium project - Saudi Arabia has allocated its financial cost to Iraq - in the coming months.

It was also agreed to take advantage of the Saudi expertise in scientific fields and exchange in the fields of engineering, science and quality, care and discovery of talented people, as well as organizing reciprocal visits for students and increasing scholarships according to the competencies of energy, science and other important specialties, while working on the development of educational curricula.

Is a set of agreements that are contrary to the desire of Iran, which is seeking to acquire Iraq exclusively, which has become clear recently from the request of Supreme Leader Ali Khamenei of Prime Minister Adel Abdul Mahdi, not to cooperate with Saudi Arabia or to ratify the statements of its officials. link

Samson » April 7th, 2019

Saleh: Agreements with the Saudi side will raise the rates of economic growth

7th April, 2019

The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, that the agreements and memorandums of understanding signed by Iraq with Saudi Arabia will move the economy and lift the economic growth stopped at 7%

A Saudi delegation consisting of more than 100 personalities, including nine ministers headed by Trade and Investment Minister Majid al-Kasabi, arrived in Baghdad on Wednesday to resume the second session of the Saudi-Iraqi Coordinating Council and activate Saudi Arabia's role in investment, reconstruction and cooperation in various fields

Saleh said in a press statement quoted by Al-Mada newspaper that "there is a great Saudi desire to invest in Iraq at high and large levels, which is matched by an Iraqi desire to establish parallel relations with all neighboring countries," stressing that "the Supreme Coordination Council between the two sides near the points of view, Advanced stages of implementation mechanism

He added that "the negotiations between the two sides allowed for the first time the Iraqi Trade Bank ( TBI ) to open a branch in the Saudi capital Riyadh," adding that "this section will be important for financing and financial transfer and everything related to trade and investment issues between Saudi Arabia and Iraq

He pointed out that "Saudi Arabia has reached through its discussions with the Iraqi government to an agreement to invest more than (200) investment project in all Iraqi provinces," believing that "these investment projects need funds in the first stages only ranging from ten to fifteen billion dollars" He said

He pointed out that "these investment opportunities include various agricultural, industrial, commercial and economic projects and the reconstruction of infrastructure and development of the electrical and gas system

He added that "the attempts between the two parties on linking Iraq to the electrical system in the Gulf to compensate for the shortage in the field of electric power," stressing that "the desire of Saudi Arabia is based on economic relations with Iraq through the signing of new understandings and agreements to regulate the work

Saleh believes that "the number of agreements that will be signed between Iraq and Saudi Arabia in the coming days may exceed twenty agreements and memorandums of understanding in various fields related to agriculture, industry, trade and pilgrimage and open the perpetrators of Arar and Gemayma," pointing out that "these agreements will move in certain percentages Iraqi economic growth stopped at 7%

He continued that "the investment process will address the issue of unemployment by relying on the hands of Iraq in the operation of various investment projects LINK

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