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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A large banking delegation will visit Saudi Arabia at the end of the week, and Riyadh is financing t

    Rocky
    Rocky
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    A large banking delegation will visit Saudi Arabia at the end of the week, and Riyadh is financing t Empty A large banking delegation will visit Saudi Arabia at the end of the week, and Riyadh is financing t

    Post by Rocky Sun 14 Nov 2021, 6:38 am

    A large banking delegation will visit Saudi Arabia at the end of the week, and Riyadh is financing the establishment of an Iraqi outlet

    •  Time: 11/14/2021 11:42:10
       
    •  Reading: 1,222 times

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    {Economist: Al Furat News} A large Iraqi banking delegation will visit Saudi Arabia at the end of this week.
    An informed source in the Central Bank of Iraq said in a press statement, "A large banking delegation will visit Saudi Arabia, headed by the Governor of the Central Bank, Mustafa Ghalib, on November 19."
    He added that "Saudi Arabia agreed to open two branches for the Trade Bank of Iraq and the National Bank of Iraq."
    It is noteworthy that an Iraqi delegation visited Saudi Arabia last October and agreed to open the two branches, which would develop banking and economic relations.
    Iraqi-Saudi relations began to improve with the government of Haider al-Abadi in 2017, and since then, a Saudi embassy has been opened in Baghdad, and the Iraqi-Saudi Coordination Council has been established.
    Prime Minister Mustafa Al-Kazemi and Saudi Crown Prince Mohammed bin Salman alike called for economic openness and increased expansionary economic integration in the Gulf. 
    The opening of the Arar crossing in 2020 was a first step to reopening the four border posts that were closed after the former regime's invasion of Kuwait in 1990.
    Trade between the two countries currently amounts to one billion dollars annually.
    Meanwhile, a spokesman for the Border Ports Authority, Alaa Al-Din Al-Qaisi, said that "Saudi Arabia has agreed to establish the Al-Jumaymah port in the Muthanna governorate, and it will bear the cost of its establishment from the Iraqi side."
    "The authority approved the Saudi proposal at its last meeting, but it may need more than a year to establish it," he added.

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