By John Lee. The Saudi Export-Import Bank (SaudiExIm) has reportedly signed an agreement with the National Bank of Iraq (NBI) to assist exporters of Saudi-sourced services and products supplying Iraq. According to AsumeTech, the deal is valued at $25 million. More here. (Source: AsumeTech)
Tag Archives | Saudi Arabia
Tags: Export credit, featured, National Bank of Iraq, Saudi Arabia, Saudi Export-Import Bank (SaudiExIm)
Iraq Expands Border Crossings with Saudi Arabia to Boost Trade
By Salam Zidane 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 expands border crossings with Saudi Arabia to boost trade In the context of strengthening economic relations, Iraq and Saudi Arabia are diversifying their trade outlets, intending to increase […]
US "using Saudi Arabia to Expand its Influence In Iraq"
Writing in Oil Price, Simon Watkins says that without a new nuclear deal with the United States, Iran's ability to influence Iraq is severely limited by its lack of dollars. With a new nuclear deal though, Iran would resume its ability to influence Iraq. Click here to read the full article.
Iran-Saudi dialogue in Iraq Paused
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iran-Saudi dialogue in Iraq paused 'until new Iraqi government formed' The dialogue between Iran and Saudi Arabia in Baghdad has been temporarily paused pending a resolution to the domestic political stalemate in Iraq, […]
Iraq, Saudi Arabia "to sign $billions of Energy Contracts"
By John Lee. Iraq and Saudi Arabia are reportedly about to sign energy deals worth tens of billions of dollars. The state-run Al-Sabaah newspaper quotes Oil Minister Ihsan Abdul Jabbar (pictured) as saying that Iraq is negotiating with oil giant Saudi Aramco to enter as a partner in contracts for gas exploration in the Western […]
Iraq to Invest in Greener Technology
By John Lee. Iraq reportedly plans to invest $3 billion annually to transition from burning liquids to burning natural gas in its power plants. Deputy Prime Minister and Finance Minister, Ali Allawi (pictured), told the Middle East Green Initiative Forum in Saudi Arabia that Iraq will also end gas flaring by 2025. He also recommitted […]
Tags: Ali Allawi, climate change, CO2 emissions, Electricity In Iraq, featured, flaring, Middle East Green Initiative Forum, Saudi Arabia
Direct Flights Resume between Iraq and Saudi Arabia
By John Lee. Iraq has reportedly announced the resumption of direct flights with Saudi Arabia. Flights were suspended nearly two years ago because of the COVID-19 crisis. (Source: INA)
Site Selected for New Iraqi Sports City
By John Lee. The Iraqi cabinet has selected a site in Bismaya to build the new Sports City, which was gifted by King Salman bin Abdulaziz Al Saud in 2019. Iraq's Ministry of Youth and Sports will supervise the Sports City project in coordination with the Saudi side through the Iraqi-Saudi Coordination Council, which was […]
Tags: Basmaya, Bismaya, Bismaya Sports City, featured, mn, Saudi Arabia, Saudi-Iraqi Coordination Council, Sports
Baghdad Conf goes to NY; Iran-Saudi Talks set to Resume
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Baghdad Conference goes to NYC as Iran-Saudi talks set to resume A follow-up meeting of the recent Baghdad Conference has been held on the sidelines of the United Nations General Assembly. As on […]
Tags: Baghdad Conference for Cooperation and Partnership, featured, Iran, Saudi Arabia, United Nations (UN)
Iraq, Saudi Arabia to Streamline Border Trade
By John Lee. Iraq and Saudi Arabia agreed to work together to help streamline the flow of goods between the two countries. Meeting at the recently-reopened border post of Arar, officials from both sides agreed to implement more efficient electronic clearance systems to reduce delays. They will also upgrade the road connections leading to Arar. […]
Saudi Arabia and Iraq sign Maritime Transport Agreement
Saudi Minister of Transport and Logistic Services and Chairman of the Transport General Authority Eng. Saleh bin Nasser Al-Jasser and Iraqi Minister of Transport Nasser Al-Shibli signed a cooperation agreement in the maritime transport field on behalf of their respective governments. The agreement is part of a series of actions that the Saudi-Iraqi Coordination Council […]
Tags: featured, Saudi Arabia
Iraq "is the Middle East's New Power Broker"
By Steven A. Cook, for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq Is the Middle East's New Power Broker After decades of offering only chaos, Baghdad is trying to become a leading force in the region. Click here to […]