By John Lee. The spokesman for the Ministry of Electricity, Dr. Musab Sari al-Mudaris [Mussab Serri al-Mudaris] (pictured) has denied reports that he had told Bloomberg about an agreement to buy electricity from Saudi Arabia. He said the statement from the news agency is incorrect. Bloomberg had cited Mudaris as saying that Saudi Arabia agreed […]
KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers […]
By John Lee. The Trade Bank of Iraq (TBI) has announced that it will open a branch in Saudi Arabia. Faisal Al Haimus, Chairman of TBI said: “This important addition to our bank accomplishments shall strengthen trading and banking relationships between the two countries." (Source: TBI)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. It's been three weeks since the parliamentary election in Iraq and many Iraqis voted for a nationalist party opposed to foreign interference. But both Riyadh and Washington want an Iraq that is sympathetic […]
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. After the Sairoon (On the Move) Alliance emerged victorious in the May 12 Iraqi elections, its leader, Muqtada al-Sadr, has been seeking meetings with the leaders of the other top-vote-getting alliances to discuss the possibility of forming the […]
By John Lee. Saudi Arabian food producer Goody has signed an agreement to become the first Saudi food firm to supply the Iraqi market in nearly 30 years. The Jeddah-based company plans to supply pasta, dates, chilled coffee, burgers, tuna and canned fruits to Iraq. It is part of the Basamh Trading and Industries Group. […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Saudi Arabia is considering investing in 2.5 million acres of agricultural land in Iraq's western province of Anbar, which has suffered both economically and otherwise after the bitter war to regain control of the province from […]
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. Following Iraqi Prime Minister Haider al-Abadi's two visits to Saudi Arabia last year, Saudi Crown Prince Mohammed bin Salman is set to visit Iraq soon, according to Iraqi parliamentarian Saadoun al-Dulaimi. Although neither Riyadh […]
By John Lee. Saudi Arabia’s King Salman has promised to build a football stadium in Iraq. The news followed a friendly match between the two countries’ teams in Basra last week. The Iraqi-Saudi Ministerial Coordination Council met on Monday to discuss the measures needed to improve cooperation in the economic, investment, cultural and other sectors. […]
By John Lee. Saudi Basic Industries Corp (SABIC) is in talks to join Iraq's Nebras petrochemical project, according to a report from Reuters. An advisor to Prime Minister Haider al-Abadi told the news agency at the CWC Iraq Petroleum Conference in Berlin that talks are at advanced stage at ministerial level. He said SABIC would enter […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Saleem al-Wazzan. As Saudis Prepare To Open Basra Consulate, Iran Opens Border To Iraqis Iraqis can now visit a special visa-free zone in neighbouring Iran, over the border from […]
By John Lee. Saudi Arabia will reportedly re-open its consulate in Basra within two weeks. Al Arabiya says that the consulate closed in 1990 during the second Gulf war. (Source: Al Arabiya) (Picture: Iraqi Prime Minister Haider Al-Abadi meeting Salman bin Abdulaziz Al Saud, King of Saudi Arabia, 19th June 2017)
