Tag Archives | Saudi Arabia

"Iran-Backed Company" to grow Palms on Saudi Border

By Dana Taib Menmy for The New Arab. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq grants investment rights to PMF-linked company for one million palm trees in Samawah Desert Iraqi and US scholars have raised questions about the project's feasibility, accusing the […]

Iraq Reveals Joint Projects with Saudi in Healthcare, Pharma

By John Lee. The Iraqi Health Ministry has announced new initiatives with Saudi Arabia, focusing on establishing health centers and pharmaceutical factories. Speaking to the state-run Iraqi News Agency (INA), Minister of Health Saleh Al-Hasnawi emphasized the significant development in Iraqi-Saudi relations, spanning political, economic, and service sectors. He said the two ministries are jointly […]

Saudi Elevator company signs agency agreement in Iraq

By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]

Iraqi, Saudi Firms sign $44m Cement Partnership

By John Lee. Prime Minister Mohammed Shia Al-Sudani commended the signing of a partnership agreement between the private Iraqi company Al-Diyar Al-Iraqia and the Saudi Northern Region Cement Company, marking the first collaboration between the private sectors of Iraq and Saudi Arabia in the field of cement. The event took place during the reception of […]

Saudi Arabia has $3bn to Invest in Iraq

By John Lee. Saudi Arabia has reportedly made $3 billion available for investment in Iraq. The country's ambassador to Iraq, Abdulaziz Al-Shammari (pictured), told the state-run Iraqi News Agencyt (INA) that, "$3 billion is now available at the Public Investment Fund ... coordination is underway between the fund of Iraq for development and the investment […]

Inaugural Meeting to study Iraqi-Saudi Border Economic Zone

By John Lee. Iraq's Minister of Industry has chaired the inaugural meeting of the committee studying the establishment of an Iraqi-Saudi border economic zone. The meeting included representatives from the Ministries of Trade, Planning, and Oil, and addressed the committee's tasks and decisions related to setting up the economic zone. Parallels were drawn with the […]

$1m Consultancy Contract for Iraq-Saudi Electricity Link

By John Lee. The Iraqi Cabinet has endorsed the Energy Ministerial Council's recommendation (No. 23091 for 2023) concerning the Iraq-Saudi Electricity Link project. According to a statement from the Media Office of the Prime Minister, the key points include: Awarding the consultancy services for the Iraq-Saudi Electricity Link project to Terta Tech [Tetra Tech?] at […]

Saudi Football 'Charm Offensive' arrives in Iraq

From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Saudi football 'charm offensive' arrives in Iraq In front of a raucous crowd in Erbil, underdog Iraqi club Al-Quwa Al-Jawiya has soundly defeated visiting Saudi side Al-Ittihad. The Nov. 6 game, an Asian Football […]

President of Iraq Meets Saudi Businessmen

By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]