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  • Saudi PIF founds $3bln Saudi-Iraqi Investment Company

    Saudi sovereign wealth fund PIF has created a new unit to invest in various industries across Iraq, with a capital of $3 billion and headquarters in Saudi Arabia, the company's acting CEO said on Thursday. The Saudi-Iraqi Investment Company will invest in areas including infrastructure, mining, agriculture, real estate development and financial services, CEO Muteb Alshathri said during the Saudi-Iraqi Coordination Council held in the kingdom.

  • Saudi-Iraqi Coordination Council’s 5th session concludes in Jeddah

    Tamim explained that the new phase of the council’s work is based on two tracks. The first is to complete the steps taken in previous stages to achieve economic, investment, and trade integration between the two countries. The second track is related to the tasks awaiting the council in light of the difficulties and challenges the world is facing, the most prominent of which is climate change, and it’s repercussions on food and health security.

  • Saudi’s PIF founds Saudi-Iraqi investment company with $3 bln capital

    Saudi Arabia’s Public Investment Fund has founded a Saudi-Iraqi investment company with $3 billion capital, Reuters reported on Thursday, citing the company’s acting CEO. The Saudi-Iraqi Investment Company will invest in areas including infrastructure, mining, agriculture, real estate development and financial services, CEO Muteb Alshathri said during the Saudi-Iraqi Coordination Council held in the Kingdom.

  • Shura Council Approves Saudi-Iraqi Power Grid Link, Maritime Transport Agreements

    The electrical interconnection works between the Kingdom and Iraq will pave the way for establishing a regional market for electricity trade and support the two countries’ participation in such a market, according to the Saudi minister. The agreement aims to share the electricity-generating reserves and exchange electricity between the two countries for emergency use in case of a power cut, the official Saudi Press Agency reported.

  • Saudi-Iraq
    Saudi-Iraq border crossing to reopen next month

    The border has been closed since 1990 when the Saudi-Iraq relations deteriorated in the wake of Iraqi invasion of Kuwait.

  • Saudi-Iraq
    What strengthening Saudi-Iraq relations means to the region

    Stronger relations between Saudi Arabia and Iraq will mean more stability in the region, particularly when it comes to stemming the influence of Iran, according to experts who commented on a recent agreement promoting co-operation between the two countries.

  • Saudi-Iraq
    Saudi-Iraqi border crossing to boost bilateral trade

    Northern Borders Gov. Prince Faisal bin Khalid bin Sultan has said that establishing the Saudi-Iraqi Al-Jadidah Arar border crossing will be a big boost to both countries.

  • Saudi-Iraq
    Tillerson’s Remarks and Saudi-Iraqi Meeting in Riyadh Worried Tehran

    While Iranian officials play down the significance of Riyadh’s outreach to Baghdad, Iranian media outlets and analysts express the worry that the United States and Saudi Arabia are “plotting” to drive a wedge between Baghdad and Tehran as part of a broader effort to isolate Iran and counter its influence across the region.

  • Saudi-Iraq
    Renewed Saudi-Iraq ties ‘to rival Iran’s influence’

    A recent warming of ties between Saudi Arabia and Iraq could signal a move away from Iran's influence over Baghdad, analysts say, but with Prime Minister Haider al-Abadi arriving on Wednesday in Tehran, that remains to be seen.

  • U.S.-Saudi Relations
    Tillerson Promotes Stronger Saudi-Iraq Ties

    Secretary Tillerson visited Riyadh and Doha October 21-22 on a mission that emphasized two U.S. foreign policy priorities: 1) promoting stronger Saudi-Iraqi relations; and 2) facilitating an end to the intra-G.C.C. dispute between Qatar and its neighbors.