Iobey777: IMO, These Saudi articles are really BIG news!!! Just makes one wonder WHY all these ME countries are rushing to make “deals” with Iraq?
Rommy: Agree IOBEY. Its one thing to travel to a country who’s currency is a low value so you can get a bigger bang for your buck. It’s another to invest and devalue your currency. Its Happening!!!
Samson: Iraq reveals Saudi desire to invest
3rd April, 2019
The Iraqi Oil Minister, Thamer Ghadhban, revealed the existence of a Saudi desire to invest in Iraq
“There is a Saudi desire to invest in Iraq,” said Ghadhban, who is the head of the Iraqi delegation in the Iraqi-Saudi Coordination Council, in a news conference attended by “Economy News”. “The Iraqi-Saudi Coordination Council will discuss the joint files tomorrow
“Iraq wants to open up to Saudi Arabia and develop its trade and economic relations,” he said.
On the other hand, Saudi Trade Minister Majid al-Kasabi said that the Saudi delegation includes 115 people, which represents the seriousness of Saudi Arabia in building bridges of communication and promoting commercial investment with Iraq
He explained that 13 agreements will be signed by Iraq and Saudi Arabia during the visit of Adel Abdul Mahdi, the coming to Saudi Arabia, pointing out that the port of Arar will be completed re-eligibility during the next six months
He stressed that Saudi Arabia has allocated $ 1 billion to build development projects inside Iraq, indicating that Iraq told us to allocate land for the city of sports LINK
Samson: Iraq and Saudi Arabia agree to hold an annual economic conference
Iraq and Saudi Arabia agree to hold an annual conference of companies, men and women of business alternating between the two countries on the sidelines of the second session of the Iraqi-Saudi Coordination Council held in Baghdad on Thursday.
The Chamber of Commerce and Industry in Riyadh and the Iraqi Chamber of Commerce and Industry in Baghdad yesterday signed a memorandum of understanding to increase trade exchange and investment and economic cooperation aimed at strengthening economic ties between the two countries and harnessing them to serve common interests.
The two sides agreed to coordinate visions and positions in regional and international economic forums, conferences and exhibitions, and interest in conducting economic research and studies, to fill gaps in trade and economic laws and international standards.
The MoU stipulates that an annual conference of companies, businessmen and women will be held alternately in the two countries, as well as building a database to serve the two chambers, in addition to encouraging exchange and trade of national products between the two countries.
The agreement was signed by Riyadh Chamber Chairman Ajlan Al-Ajlan and the Chamber of Commerce of Baghdad, Deputy Chamber President Abdullah Al-Jubouri.
Following the signing, Ajlan Al Ajlan said in a press statement that the memorandum of understanding will enable the two sides to further work on the development of the business and trade sector and the economic fields of the two countries. He stressed the interest of the two countries to contribute to the promotion of trade exchange between them, pointing out that according to official statistics, Saudi Arabia’s non-oil exports to Iraq during the past five years, to nearly 10 billion Saudi riyals ($ 2.6 billion).
Saudi Arabia’s exports to Iraq during the year 2018 amounted to 2.4 billion riyals. The food sector ranked first in Saudi exports to Iraq at 662 million riyals (176.5 million dollars), followed by the construction materials sector with an export value of 565 million riyals SR $ 150.6 million. LINK
Samson: Foreign relations: The relationship with Saudi Arabia is strategic and Iraq is moving in balance and strength to build its interests
4th April, 2019
Described the Foreign Ministry, on Thursday, the relationship with Saudi Arabia as “strategic,” noting that Iraq goes on to “balance and strength” to build his interests.
“The relationship with Saudi Arabia is strategic, and Iraq is moving in balance and strength to build up its interests,” ministry spokesman Ahmed al-Sahaf said in a statement received by Alsumaria News. “The most important thing we have is to implement what we agree on and our efforts with the various ministries of the Iraqi state are integrated to achieve this.” He pointed out that “the size of international and Arab demand for Iraq indicates realistically that Iraq is central to the region.”
It is noteworthy that a Saudi economic delegation comprising the ministers of energy and investment arrived, on Wednesday (April 3, 2019), to Iraq. The two sides signed memorandums of understanding (MoU) on several issues. LINK
Samson: Al-Ghadhban : We signed a memorandum of understanding with Saudi Arabia to supply Iraq with electricity
4th April, 2019
Iraq signed a memorandum of understanding (MoU) with Saudi Arabia to supply electricity to Iraq , Prime Minister for Energy and Chairman of the Iraqi Coordination Committee Thamir Abbas al-Ghadhban said on Thursday.
“Iraq signed with the Saudi side a memorandum of understanding to link Iraq to Saudi Arabia in order to supply it with electricity and build new generation plants,” Ghadhban told Alsumaria News.
“There is no so-called aid,” Ghadhban said, adding that “Saudi Arabia is ready to invest in Iraq and in all fields.”
Iraq is suffering from a shortage of electricity, which caused the citizen to rely on generators to compensate for the shortage. LINK
Wednesday “Dessert” CC 4-3-19
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MilitiaMan: This article is not what many may grasp. For instance, look at the implications of 7 billion dinar.. About $5,882,352.94.. lol Wow let start bragging about that? Then look at Belgium.. Hope your sitting down.. lol As this gets even better.. 922,000 Dinars at a program rate is about $774.79 USD. Does that even make sense?
No.. At 1:1 with an international calculation applied then the picture is not as funny.. It is or would be very impact full, imo. Notice they say Iraq is at 1.8 million Dinars, as they do Qatar.. Wow, a whopping $1,512.61 USD. That is some serious trade.. lol Now lets see if they mean something different. Notice they use 1.8 million (7 billion Dinar). Well imo 7 bil IQD / or 1.8 is about $3.89 if in USD..?
Makes me think they are clearly showing some bunk news. Or bad news like we were to expect. Yet, not bunk if they are talking 1:1 less an international calculation applied! imo..
Saudi Arabia Exports $668,490,655 USD
MilitiaMan: There is a far cry from Iraq exports in USD to that of the neighbor who btw imo is about 10 – 20 x less valuable even as the highest currency in the world based on resources imo..
It all supports they are talking of value related to (imo) an international rate to come..
BlaqueBeauty: i like the FACT, there being PAID in DINARZZZZZZZ
2Cents: IMO……We have Big news all around us already this week but I think their feet will be held to the fire and the votes taken prior to the budget opening.
Of course, binding agreements could have been signed to pre-empt a required vote prior to budget opening. Watch for new indications of payroll remittance projections including to Kurdistan as this very well may be an indication that all is once again moving forward……..
If Tuesday is announced as a Holiday but Parliament still meets may be very exciting…..
Samson: The discovery of the remnants of a “lost” city in the Kurdistan region
A group of French archaeologists have found remnants of an ancient city missing near the province of Sulaymaniyah in the Kurdistan region of Iraq, asserting that the city is more than 4,000 years old. “Archaeologists have not been able to explore the site until after the departure of Saddam Hussein and the end of conflicts in the region,” the French National Center for Scientific Research said on its official website.
The city, believed to be more than 4,000 years old, is located near the Zagros mountain range and was found at a mining site called Konara. The researchers discovered, after 6 excavations between 2012 and 2018, a large stone base on the site dating back to about 2200 years BC. The city lies on the western border of the ancient Mesopotamian empire and may have been an important center for an ancient mountainous people known as Lulupe. The city’s demise occurred some 4000 years ago when it was consumed by fire, according to historians.
Archaeologist Christine Kibinski, who co-explored the site, said: “We did not expect a city to be discovered here at all.” The site was found on dozens of clay-covered clay tablets in the city, including panels on agriculture and flour deliveries, and a collection of pottery and pottery that the city’s residents are believed to have used for buying, selling and trading.
“People who lived in the city used to write in Akkadian and Sumerian, and they understand the language of their neighbors in Mesopotamia.” LINK