Saudi Arabia and Iraq agree to strengthen joint cooperation

[size=52]Saudi Arabia and Iraq agree to strengthen joint cooperation[/size]

Agencies - Abu Dhabi



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[size=45]Saudi Arabia and Iraq have agreed to establish a joint fund, the capital of which is estimated at $ 3 billion, as a contribution from the Kingdom to promoting investment in the economic fields in Iraq, for the benefit of the economies of the two countries, according to a joint statement late Wednesday.[/size]
[size=45]The statement was issued after a meeting with Saudi Crown  [You must be registered and logged in to see this link.]  and Iraqi Prime Minister  [You must be registered and logged in to see this link.] , who visited Riyadh recently.[/size]
[size=45]The two parties decided to strengthen cooperation in the fields of energy and renewable energy, and to activate and accelerate the joint work plan, under the umbrella of the Saudi-Iraqi Coordination Council, with the need to continue cooperation and coordination of positions in the petroleum field, within the scope of work of the Organization of Petroleum Exporting Countries ( [You must be registered and logged in to see this link.] ) and the (OPEC +) agreement, With full commitment to the requirements of the agreement and the compensation mechanism, and to all decisions that have been agreed upon, to ensure the stability of the global oil market.[/size]

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Al-Kazemi to Saudi Arabia ... and tweet before arriving
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Iraq .. Preparatory meeting for a tripartite Iraqi, Egyptian, Jordanian summit
[size=45]According to the statement published by the Saudi News Agency (SPA), Prince Muhammad bin Salman and Al-Kazemi also agreed to complete the electrical interconnection project due to its importance for the two countries, as well as to strengthen coordination in the field of mutual support and support within the framework of multilateral diplomacy, and to enhance investment opportunities for [You must be registered and logged in to see this link.] companies   and their call for expansion Its activities in  [You must be registered and logged in to see this link.]  in various fields, and in reconstruction efforts.[/size]
[size=45]The two leaders signed bilateral agreements that included an agreement to avoid double taxation, another for cooperation in the field of development planning for economic diversification and private sector development, and a third for financing Saudi exports.[/size]
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Iraq .. Al-Kazemi calls on the political and popular forces for dialogue
[size=45]On the level of regional issues, the two sides agreed to intensify cooperation, coordination and exchange of views on issues and issues of concern to the two countries on the regional and international arenas, in a way that contributes to supporting and strengthening security and stability in the region, and the need to keep them away from tensions and their causes, and the joint endeavor to establish the foundations of sustainable security and stability.[/size]
[size=45]The two sides stressed the security, safety and stability of the region, and urged all neighboring countries to adhere to the principles of good neighborliness and common interests and non-interference in the internal affairs of countries.[/size]
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