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Saudi Arabia to Invest $3bn in Iraq

By on 26th May 2023 in Investment

By John Lee. Saudi Arabia's sovereign wealth fund has reportedly capitalised its new Iraq fund with $3 billion. The Saudi-Iraqi Investment Company, which will have its headquarters in Saudi Arabia, is part of a $24-billion initiative announced last year. According to Alarabiya, the acting CEO will be Muteb Alshathri. More here. (Source: Alarabiya)

Iraq Deploys Forces at Borders

By on 29th September 2015 in Security

By John Lee. Jordan's Petra news agency reported on Tuesday that Iraq has deployed border guards along the borders with Jordan and Saudi Arabia to prevent the infiltration of extremist elements. The Head of Anbar Provincial Council, Sabah Karhot, said two brigades were deployed at the Traibil [Turaybeel, Tirbil, Tarbiel, Trebil] border crossing with Jordan […]