Tag Archives | Saudi Arabia

Iraq-Saudi Border Crossing Reopens after 30 years

By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq-Saudi border crossing reopens after 30 years The Arar border crossing linking Iraq and Saudi Arabia has reopened for trade after a 30-year closure, Iraq's border authority said Wednesday. The Saudi-Iraqi border […]

PM encourages Saudis to Invest in Iraq

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq, Saudi Arabia agree to boost ties Iraqi Prime Minister Mustafa al-Kadhimi had a virtual meeting Nov. 10 with Saudi Crown Prince Mohammed bin Salman, to discuss Saudi investments […]

What can Iraq Gain from Kuwait and Saudi Arabia?

By Antonino Occhiuto, for the Italian Institute for International Political Studies (ISPI). Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What Can Iraq Gain from Kuwait and Saudi Arabia At first glance, managing and developing ties with Iraq's neighbours seems to be only one […]

Iraqi Cabinet Approves Loans from Saudi Arabia

By John Lee. The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi, at which it agreed to: Authorise the Ministry of Labour and Social Affairs to coordinate with the Ministry of Youth and Sports on the implementation of the National Project for Youth Employment Approve the financial […]

Iraq's Plans to Cut Salaries face Strong Backlash

By Omar al-Jaffal for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's plans to cut salaries face strong backlash The government of Iraqi Prime Minister Mustafa al-Kadhimi is seeking to reopen the "social justice" issue regarding state spending on salaries. […]

Local Businesses get Boost from Iraq Lockdown

By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]

Jiyad: Oil Market Collapse Damages the Iraqi Economy

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Oil Market Collapse, Damages the Iraqi Economy and Changes Oil Geopolitics The collapse of the global oil market is undoubtedly unprecedented in its timing, magnitude, spread and devastating impacts across the globe. […]

ACWA Power Signs MoU with Iraq Energy Institute

ACWA Power, a Saudi-based developer, owner, and operator of power generation and water desalination plants, has signed a Memorandum of Understanding (MoU) with Iraq Energy Institute (IEI), an independent non-profit policy institute, to collaborate on research development projects and enhance capacity building programs that will contribute to the optimum development of Iraq’s energy sector. The […]

Iraq works to distance itself from US-Iran Tension

By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq works to distance itself from US-Iran tension after Saudi Aramco attack Attacks that occurred Sept. 14 against Aramco oil processing facilities in Saudi Arabia, resulting in huge fires and halting near half of the supply from […]

Iraq signs deal to Import Electricity from Gulf States

Iraq has signed a landmark deal with the Gulf Cooperation Council (GCC) for a power line to import 500 megawatts of electricity by 2020, local reports said on Sunday. According to the Iraqi Electricity Ministry, the 300-kilometre line will run from Kuwait to Iraq’s southern port of Faw and be financed by the GCC. Electricity […]