By John Lee. Iraq's Ministry of Construction, Housing and Public Municipalities has announced the completion of the Arar-Anaza road project. The project was overseen by the Roads and Bridges Department of the Ministry and executed by the Ashur General Company for Construction Contracting. This 29-km road, with a width of 6.3 meters, was completed at […]
By John Lee. The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to the India Gulf Service 1 (IG1) shipping route by ocean carrier Hapag-Lloyd. Starting on 12th February, the weekly service will link the Kingdom to the ports of Jebel Ali, Karachi, Mundra, Sohar, Shuaiba, and Umm Qasar on board […]
By John Lee. Saudi-based Riyadh Cables Group has signed an export agreement worth $25 million with Iraq's Wafaa Al-Furat Company for Electrical Materials Trading. Under the agreement Riyadh Cables will start exporting wires and electrical cables from Saudi Arabia to Iraq during 2023. The company also owns the Al-Rowad Electrical Cables manufacturing facility in Baghdad. […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Gulf Cup gives Iraq chance to draw closer to Arab neighbors Iraq is about to embark on a new chapter in its sporting history. From 6th-19th January, Basra will host the 25th edition […]
By Shelly Kittleson for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran-linked militia in Iraq threatens Saudi Arabia as Iraqi PM visits Tehran Kataib Hezbollah are calling for more attacks on Saudi Arabia amid wrangling over who should protect the […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will Saudi investment pledges in Iraq overcome barriers? After years of estrangement caused primarily by political reasons, Saudi Arabia is returning to Iraq and looking to invest in its neighbor. This will likely […]
By Hamzeh Hadad, for the European Council on Foreign Relations (ECFR). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Climate of opportunity: Iraq's new government as regional conciliator Iraq's new prime minister is well placed to negotiate both the pitfalls of domestic politics […]
By John Lee. Saudi Arabia's Public Investment Fund (PIF) has set up a company to invest in Iraq. The new company is one of six that will invest a total of up to SAR 90 billion (USD 24 billion) in Bahrain, Iraq, Jordan, Oman, Sudan and Egypt. They will invest in various key sectors, including […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Revival of key border crossing shows shift in Iraq-Saudi ties A new phase of Iraqi-Saudi relations has begun, marked by efforts to strengthen ties between the neighbours. In September, the Jadidat Arar land […]
By Hamdi Malik and Michael Knights for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Militia Group Makes Credible New Threat Against the Gulf States The facade group in question tends to follow through on its […]
By John Lee. The National Bank of Iraq (NBI) has opened its first branch in Saudi Arabia. The bank, which is a subsidiary of Jordan's Capital Bank Group, said the new branch in Riyadh will encourage and facilitate trade between Iraq and Saudi Arabia. In June 2022, Capital Bank Group took in the Saudi Public […]
By John Lee. Saudi Arabia-based Jazeera Paints has opened its sixth showroom in Iraq. The new showroom is in Ranya [Rania], in the Northeast of the Kurdistan Region, which has seen significant economic and industrial development in recent years. It is close to other towns such as Qaladze, Dukan, Chwar Qwrna, Sangasar, and Hajiawa, and […]
