Jordanian Prime Minister, Omar Razzaz, on Monday met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations.

Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both countries and their peoples.

The premier also pointed to the directives of His Majesty King Abdullah II to increase cooperation and integration between the two countries.

Hayali conveyed the greetings of Iraqi Prime Minister, Haider al-Abadi, to the prime minister as well as his keenness to cooperate in all civil and military fields.

He pointed to the importance of the agreement signed yesterday between the two countries on military and security cooperation, exchange of expertise and information in the field of border protection, capacity development, and combating terrorism.

The meeting also dealt with the Turaibeel border crossing and the need to focus on promoting trade and investment exchange and establishing a joint industrial zone near the border between the two countries.

(Source: Petra)

By John Lee.

The National Investment Commission (NIC) has announced new investment opportunities in Iraq:

  1. Glass production, State Company for Glass and Refractories Industry (SCGR)
  2. Drugs and Medical Appliances (Samarra), State Company for Drugs and Medical Appliances

(Source: National Investment Commission)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

The Prime Minister of Iraqi Kurdistan, Nechirvan Barzani, received the Netherlands new Consul General to the Kurdistan Region, Mr. Willem Consijn and his accompanying delegation.

Consul General Consijn stressed his country’s willingness to strengthen the relations with the Kurdistan Region.

Prime Minister Barzani congratulated Consul General Consijn on his new position and wished him success in his duties, assuring him of his government’s support during his mission.

He stressed Kurdistan Regional Government’s desire to strengthen bilateral relations and cooperation, especially in the agriculture sector.

He also thanked the Dutch government for its humanitarian and military assistance to the Kurdistan Region, particularly in the field of the reform of the Ministry of Peshmerga Affairs.

Prime Minister Barzani’s recent visit to the Netherlands and his meeting with Prime Minister Mark Rutte was also discussed.

(Source: KRG)

The Cabinet held its weekly regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Haider Al-Abadi, and discussed progress in the implementation of measures to improve the delivery of essential services across Iraq.

It approved an allocation of 4 billion Iraqi dinars for the comprehensive and immediate maintenance of the soil barrier with Iran to protect Basra’s farms and oil fields from polluted water from the Iranian side.

It also voted to fund several key projects in Basra, Dhi Qar, Al-Muthana and Najaf provinces, and received a briefing on the Nebras petrochemical complex in Basra which will provide thousands of jobs and boost the local economy.

The Cabinet also discussed current and future plans to support the agricultural sector across Iraq.

The Cabinet approved the establishment of a consulate for the Republic of Lebanon in the city of Najaf.

(Source: Iraqi Govt)

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 to build a 3,000-megawatt solar power plant in Saudi Arabia and sell the electricity to Iraq at $21 per megawatt-hour, a quarter of what it paid Iran for the imports.

Iran recently stopped supplying electricity to Iraq due “the accumulation of debts owed by Baghdad“.

(Source: Ministry of Electricity, Bloomberg)

By John Lee.

Prime Minister Haider al-Abadi suspended Electricity Minister Qassim al-Fahdawi (pictured) on Sunday for what he described as the “poor performance of the sector“.

Protests against unemployment and poor public services turned violent earlier this month, with several protesters killed.

Many areas of Iraq are struggling to cope with insufficient electricity supply during the annual heatwave.

(Source: Office of the Prime Minister)

By John Lee.

The National Investment Commission (NIC) has announced new investment opportunities in Iraq:

  1. Sugar production, General Company for Food Products
  2. Tyre production, State Company for Rubber Industries and Tyres

(Source: National Investment Commission)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

KRG Prime Minister Nechirvan Barzani received a delegation from the Kingdom of Saudi Arabia including President of the Chambers of Commerce of Saudi Arabia Dr. Sami bin Abdullah Al-Obaidi, Saudi Ambassador to Iraq Abdulaziz al-Shammari, Saudi Consul General to the Kurdistan Region Mansour Faisal al-Otaibi and a number of officials and members of Saudi Chambers of Commerce.

Opportunities for investment in the Kurdistan Region and strengthening of economic and trade relations in various sectors were discussed. In particular, they highlighted areas of mutual interest in industry, agriculture and tourism.

The delegation expressed desire to encourage investment in the Kurdistan Region due particularly to the security and stability which prevail in the Region and its appropriate conditions for investment.

Starting direct flights between the Kurdistan Region and Saudi Arabia and the opening of a Saudi bank in the Kurdistan Region and Iraq were discussed as initial steps. They also agreed to hold a conference in the Kurdistan Region or in Saudi Arabia with the participation of investors and businessmen from Saudi Arabia, Iraq, and the Kurdistan Region. Establishing a joint committee to monitor progress on these initiatives was agreed.

Prime Minister Barzani expressed the KRG’s readiness to provide assistance and facilities for Saudi companies to invest in the Kurdistan Region and to promote and develop economic and trade relations between Iraq and the Kurdistan Region with Saudi Arabia.

Kurdistan Region Presidency Chief of Staff Dr. Fuad Hussein and a number of KRG officials also attended the meeting.

(Source: KRG)

Kuwait has donated 17 mobile electric generators with a total capacity of 30,000 kilowatts to Iraq, the Undersecretary of the Kuwaiti Ministry of Electricity and Water, Mohammed Bushehri has announced.

In a press statement, Bushehri said the donation came “to alleviate the electricity crisis in the Iraqi city of Basra”.

“In the light of the current difficult circumstances faced by our brothers in Iraq, which is partly due to a severe shortage of electricity, His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah has instructed us to provide urgent assistance to brotherly Iraq” he said.

The Iraqi Ministry of Electricity announced last Friday that Kuwait would supply it with fuel to operate the power stations in the country.

Videos were circulated on social media showing a convoy of generators and fuel tankers heading to Iraq.

Iran has recently stopped exporting electricity to Iraq as a result of Baghdad’s accumulated debt.

(Source: Middle East Monitor)

(Picture: Parliament in Kuwait City. Credit, Leshonai)

By John Lee.

The National Investment Commission (NIC) has announced new investment opportunities in Iraq:

  1. Glass production, State Company for Glass and Refractories
  2. Overhead Cranes, State Company for Steel Industries
  3. Fallujah Cement Plant, Iraqi State Cement Company

(Source: National Investment Commission)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)