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Saudi Shura approves mutual protection of investments with Iraq Empty Saudi Shura approves mutual protection of investments with Iraq

Post by claud39 on Mon Oct 28, 2019 7:41 am

Saudi Shura approves mutual protection of investments with Iraq




28/10/2019





Saudi Shura approves mutual protection of investments with Iraq 17712










Economy News - Baghdad






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 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 al-Araji.



The Cabinet approved the  agreement last May; it was discussed by the House of Representatives last September.



The Saudi Shura Council approved a draft memorandum of understanding between the Saudi government and the government of Iraq for cooperation 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 Iraqi Ministry of Transport.



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









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