By Dr Renad Mansour for World Politics Review (WPR). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Regional Reintegration Is Still a Work in Progress In early March, Iran and Saudi Arabia announced that they had reached a deal to reestablish diplomatic ties […]
By John Lee. Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, held a meeting in Riyadh with Iraqi Minister of Electricity, Engineer Ziad Ali Fadel. During the meeting, they discussed the developments in the electrical interconnection project between the two countries. This project will contribute to supporting the reliability of […]
By John Lee. Iraqi Airways has started new flights between Baghdad, Moscow (Russia) and Medina (Saudi Arabia). The Ministry of Transport announced the resumption of these routes this week, after a hiatus of more than three decades. The Director General of Iraqi Airways, Eng. Karim Kazem Hussein, added that the fleet will continue to be […]
Statement from US National Security Advisor Jake Sullivan Welcoming Developments in Iraq's Energy Sector We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq's sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil […]
By Michael Knights, Hamdi Malik and Crispin Smith, 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. The Muhandis Company: Iraq's Khatam al-Anbia Similar to Iran's Revolutionary Guards, Iraqi "resistance" groups have long sought a company with […]
By John Lee. The Iraqi Minister of Electricity, Ziyad Ali Fadel, held a meeting this week with the Saudi Export Development Authority (SEDA). Among the items discussed was the reconstruction of Baiji thermal and gas stations Nos. 1 and 2, and the possibility that these will be financed by the Saudi Export Fund. (Source: Ministry […]
By John Lee. TotalEnergies has confirmed that it will proceed with the Gas Growth Integrated Project (GGIP) in Iraq. In a statement to the markets on Wednesday, it added that QatarEnergy to take a 25-percent stake in the project. Also, in agreement with Iraqi authorities, TotalEnergies will invite the Saudi company ACWA Power to join […]
By John Lee. Oil prices surged on Monday after several producers, including Iraq, announced an unexpected cut in production. Iraq's Ministry of Oil said it has voluntarily decided to reduce production by 211,000 barrels per day (bpd), starting from May, and continuring until the end of 2023. According to BBC, Saudi Arabia is reducing output […]
By John Lee. The Saudi EXIM Bank has announced the signing of an agreement with Iraqi Islamic Bank for Investment and Development for a new, SAR75-million [$20 million] credit line. The new credit line is the latest addition to the broad portfolio of financial instruments that Saudi EXIM Bank provides to national financial institutions to […]
Prime Minister Mr. Mohammed S. Al-Sudani, received the Saudi Minister of Commerce, Mr. Majid bin Abdullah Al-Qasabi, and his accompanying delegation. The meeting focused on discussing prospects for cooperation between the two countries and ways to develop bilateral relations to serve the interests of the two brotherly peoples. During the meeting, the Prime Minister reaffirmed […]
By John Lee. Sultan bin Abdulrahman Al-Murshed, CEO of the Saudi Fund for Development (SFD) welcomed an Iraqi delegation led by the Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makiya in Riyadh on Sunday. The delegation comprised officials from various Iraqi ministries including Foreign Affairs, Finance, Agriculture, Oil, and Electricity, as well […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Inside story: Amid 'witch-hunt' in Iraq, ex-PM considered as conduit in Iran Iraqi ex-prime minister Mustafa Al-Kadhimi (2020-22)-a key proponent and prior host of talks between Iran and Saudi Arabia-is seemingly under fire […]
