Tag Archives | Saudi Arabia

Trade Bank of Iraq to open first Saudi Branch

By John Lee. The state-owned Trade Bank of Iraq (TBI) will reportedly open its first operational branch outside Iraq on Thursday. Chairman and President Faisal Al-Haimus told Arab News that the new branch in Saudi capital Riyadh will also be the only active Iraqi bank in the Kingdom. (Source: Arab News)

Iraq offered Saudi 186 Investment Opportunities

Saudi Minister of Commerce and Investment, Dr. Majid Bin Abdullah Al-Qasabi, said that Iraq has offered Saudi companies and investors 186 investment opportunities. Speaking at a joint press conference with Iraqi Deputy Prime Minister, Thamir Al-Ghadhban, Al-Qasabi said the two countries have decided to set up a joint Saudi-Iraqi business council to exchange investment opportunities. […]

New Iraq-Saudi Border Crossing to be Hi-Tech

By John Lee. The General Company for Land Transport (GCLT) has held a meeting with its Saudi Arabian counterpart to discuss the opening of the Arar border crossing between the two countries. According to a statement from Iraq’s Ministry of Transport, the participants stressed the importance of the new border facility for commercial trade and […]

Launch of MBC Iraq “sparks Controversy among Iraqis”

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. Saudi media group MBC announced in early February that it will launch a new TV channel — MBC Iraq — aimed at Iraqi viewers. Soon after the announcement, a number of angry responses emerged in […]

Saudi delegation visits Baghdad to discuss new Football Stadium

By John Lee. A delegation from the Saudi Arabian government reportedly arrived in Baghdad on Saturday to discuss the construction of a 100,000-seater football stadium. Saudi Arabia’s King Salman promised last March to build a football stadium in Iraq. According to some reports, it was later announced that Saudi Arabia would increase the number of […]

How Saudi and Qatar are Competing over Iraq

By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. As the Gulf crisis continues with the rivalry between Saudi Arabia and Qatar, with no sign of a resolution, each country deems it necessary to seek a rapprochement with […]

As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing

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 Kamal al-Ayash. As Iraq Sanctions Iran Trade, Saudi Arabia Boosts Border Crossing Opening the Arar border crossing on Iraq’s border with Saudi Arabia could help locals economically. But analysts […]

Will Riyadh-Tehran Rivalry kill Kurdistan Investment Drive?

By Fazel Hawramy for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  Will Riyadh-Tehran rivalry kill Iraqi Kurdistan’s investment drive? Iraqi Kurdistan, facing an acute financial crisis, has a newfound opportunity to attract desperately needed foreign investment from Saudi Arabia, but regional tensions between Tehran and Riyadh […]

Electricity Ministry Denies Saudi Solar Power Deal

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 […]