By John Lee. The Iraqi Health Ministry has announced new initiatives with Saudi Arabia, focusing on establishing health centers and pharmaceutical factories. Speaking to the state-run Iraqi News Agency (INA), Minister of Health Saleh Al-Hasnawi emphasized the significant development in Iraqi-Saudi relations, spanning political, economic, and service sectors. He said the two ministries are jointly […]
By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani commended the signing of a partnership agreement between the private Iraqi company Al-Diyar Al-Iraqia and the Saudi Northern Region Cement Company, marking the first collaboration between the private sectors of Iraq and Saudi Arabia in the field of cement. The event took place during the reception of […]
By John Lee. Saudi Arabia has reportedly made $3 billion available for investment in Iraq. The country's ambassador to Iraq, Abdulaziz Al-Shammari (pictured), told the state-run Iraqi News Agencyt (INA) that, "$3 billion is now available at the Public Investment Fund ... coordination is underway between the fund of Iraq for development and the investment […]
By John Lee. Iraq's Minister of Industry has chaired the inaugural meeting of the committee studying the establishment of an Iraqi-Saudi border economic zone. The meeting included representatives from the Ministries of Trade, Planning, and Oil, and addressed the committee's tasks and decisions related to setting up the economic zone. Parallels were drawn with the […]
By John Lee. The Iraqi Cabinet has endorsed the Energy Ministerial Council's recommendation (No. 23091 for 2023) concerning the Iraq-Saudi Electricity Link project. According to a statement from the Media Office of the Prime Minister, the key points include: Awarding the consultancy services for the Iraq-Saudi Electricity Link project to Terta Tech [Tetra Tech?] at […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Saudi football 'charm offensive' arrives in Iraq In front of a raucous crowd in Erbil, underdog Iraqi club Al-Quwa Al-Jawiya has soundly defeated visiting Saudi side Al-Ittihad. The Nov. 6 game, an Asian Football […]
By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]
By John Lee. The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 […]
By John Lee. The Iraqi Cabinet has approved the opening of an Iraqi commercial office in Saudi Arabia's Arar region. The office is intended to enhance trade between the two countries, based on the provisions of Article 26 of the Foreign Service Law (Law No. 45 of 2008). (Source: Media Office of the Prime Minister)
By John Lee. The Governor of Saudi Arabia's Eastern Province, Prince Saud bin Nayef bin Abdulaziz, has inaugurated the electricity interconnection project between Saudi Arabia and Iraq in the city of Dammam on Tuesday. His Highness confirmed that the electrical interconnection project between the countries of the Gulf Cooperation Council (GCC) aims to preserve energy […]
By John Lee. Iraq's Minister of Electricity has announced the successful completion of the electricity connection with Jordan, adding that imports from Jordan will start in the coming days. Ziad Ali Fadel also confirmed that the electricity connection contracts with neighboring countries are progressing as planned. He clarified that the Gulf-Saudi connection is also progressing […]
