Antoine: The situation in Syria greatly affects the Iraqi economy
Economic expert Basem Antoine confirmed today, Wednesday, that the situation in Syria greatly affects the Iraqi and Syrian economies.
The video for this blogpost is below here:
Antoine said in an interview with Al-Maalouma Agency that “the current situation in Syria has a direct impact on Iraq, especially since Iraq represents a vital market for Syrian industries.”
He explained that "despite Iraq's ability to search for alternatives, Syria will suffer greatly, with the possibility of many factories shutting down as a result of the absence of markets to sell their goods, in light of the Syrian people's fear of the ongoing process of change."
He added, "Some people downplay the impact of the Syrian situation on Iraq, but the reality indicates a profound impact due to the common border that extends for about 650 kilometers between the two countries."
He pointed out that "the displaced Syrians in Iraq can return to their country to form an important workforce, which may restore activity to the Syrian market and ease Iraq's economic burdens, but it requires accurate studies to avoid the repercussions of the crisis in both countries." "
He explained that "what is happening in Syria is not just a political conflict, but rather part of an economic war targeting the industrial and productive center of gravity that Syria represents in the region, which further complicates the economic situation in both countries."
Exchange rate rises in local markets as dollar selling platform in Iraq nears completion
The dollar exchange rate recorded a new rise today, Tuesday (December 17, 2024), during trading on the main stock exchange and the local market .
Baghdad Today correspondent said that the dollar exchange rate recorded 150.950 dinars for every 100 US dollars in the main stock exchange in the capital, Baghdad .
He added that the selling price in the exchange offices recorded 152,000 dinars, while the buying price recorded 150,000 dinars for every 100 US dollars.
On Wednesday (September 4, 2024), the Central Bank of Iraq revealed the mechanism for ending the electronic platform for foreign transfers, while indicating that the placement of foreign transfer operations and meeting requests for the dollar are on sound paths consistent with international practices and standards .
The bank said in a statement received by "Baghdad Today", that "the electronic platform for foreign transfers managed by the Central Bank of Iraq began at the beginning of 2023 as a first stage to reorganize financial transfers in a way that ensures proactive oversight of them instead of subsequent oversight by the Federal Reserve auditing daily transfers, and this was an exceptional procedure as the Federal Reserve does not usually do this, and a gradual shift was planned towards building direct relationships between banks in Iraq and foreign correspondent and approved banks, mediated by an international auditing company to conduct pre-audit of transfers before they are executed by correspondent banks ."
He added that "during the year 2024 and until now, 95% of the transfer process from the electronic platform to the mechanism of correspondent banks directly between it and Iraqi banks has been achieved, which means that only about 5% of it remains within the platform, which will be transferred using the same mechanism before the end of this year and according to the plan," explaining that "some expectations about potential impacts on the exchange rate and transfer operations are baseless, because the process will not be sudden or in one batch at the end of this year, but rather it was originally achieved during the past period with effort and careful follow-up, except for the remaining small percentage that will be completed in the coming short period ."
He stressed that "trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq's foreign trade as (imports), which prompted the Central Bank of Iraq to find channels for transfer in euros, Chinese yuan, Indian rupees, and Emirati dirhams, through approved correspondent banks in those countries, and (13) Iraqi banks have actually begun conducting transfer operations with a pre-audit mechanism that has been agreed upon and approved in addition to transfers in dollars ."
He continued: "With the provision of channels for personal transfers for legitimate purposes and external purchases through electronic payment channels and international money transfer companies and cash sales to travelers, and the payment of cash dollars for incoming transfers to the parties and purposes specified in the Central Bank's published instructions ."
The Central Bank of Iraq stressed that it "put foreign transfer operations and meeting dollar demands on sound paths consistent with international practices and standards and the Anti-Money Laundering and Terrorism Financing Law," explaining that "providing the aforementioned channels for all purposes at the official dollar price makes this price the true indicator of economic practices, which is proven by the reality of price stability and control of inflation, and any other price traded outside those channels is an abnormal price that those with unorthodox or illegal practices resort to, who move away from official channels in their dealings, so they bear the additional costs alone by purchasing at a higher price than the official price to delude others with the difference between the official price and others ."
Iraqi dollar smuggling returns to the forefront.. Central Bank Governor “beautifies” the bleak picture
Economic researcher, Ziad Al-Hashemi, said that the Central Bank of Iraq suddenly punished 49 Iraqi companies on charges mostly related to smuggling and money laundering through foreign transfers, despite all previous assurances that transfers have become immune to smuggling.
Al-Hashemi considered in a post on the “X” platform, which was followed by “Al-Jarida”, that “this is a procedure that confirms that the Iraqi dollar smuggling system is still very active, and that the Central Bank Governor’s talk about the compliance rate reaching 95% is just rhetoric to beautify the bleak image of the Iraqi banking system.”
He explained that “the 49 companies that were punished are companies operating in various commercial, industrial and service sectors, and this confirms that we are facing a dangerous, broad system that has penetrated the entity of the Iraqi economy and market like cancer!”
He pointed out that "the banking system in Iraq is still heavily penetrated by smuggling and money laundering systems and support for sanctioned entities, and after all these years and promises, it has become not unlikely that there is real collusion and collaboration between the official Iraqi banking system and those smuggling systems."
He continued, "On the other hand, we are waiting for the Syrian documents that will arrive that reveal the size of the illegal trade and the movement of smuggling dollars from Iraq, which the Assad regime used to live on. Then we will learn the details of one of the most important unknown parts of the process of smuggling Iraqi money, which began draining Iraq in 2004 and continues to this day."
Mazhar Mohammed Saleh: Iraq is outside the dangers of foreign debts
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Foreign debts have been a huge burden on Iraq’s finances for decades, and it has been paying billions of dollars to a number of countries and organizations in the world as a result of the futile wars waged by the former regime. Today, thanks to the government of Prime Minister Mohammed Shia al-Sudani, the country has begun to breathe a sigh of relief after getting rid of the largest amount of foreign debts, and Iraq can now be a creditor to others after it has become free from the risks of foreign debts.
The financial advisor to the Prime Minister, Dr. Mazhar Mohammed Salih, said: “After getting rid of the heavy burden of its debts, Iraq has transformed from a country indebted to others to a country that can be a creditor to others,” noting that “the country is called the ‘young creditor’ because it possesses a degree of youth in the economic aspect, which has raised its credit rating, despite the problems of the region.”
Saleh added to Al-Sabah that “Iraq has gotten rid of the burden of foreign debts for the first time, which had shackled it economically after the Iran-Iraq war from 1980 until the present time,” indicating that “what remains of its debts to international parties constitutes less than $9 billion to be paid from now until 2028.” He explained that “debts are paid through allocations in the federal general budget,” noting that “the ratio of debts to the gross domestic product does not constitute a burden on the state, as it constitutes an estimated 5 percent of the gross domestic product.”
Internal debt
The financial advisor added that "the global standard allows 60 percent of the GDP to be external debt, and Iraq is considered a well-fortified country in terms of external debt (in other words, it is outside the risks of external debt), which gives the country high credit at the present time," noting that "internal debt is confined within the (government banking) system."
Saleh stated that "Iraq's credit rating and creditworthiness are good," noting that "at the same time, the country has never failed to pay its external debts, and there are timings and integrated coordination between the Central Bank of Iraq and the Ministry of Finance in paying debt dues, whether debt services (interest and installments) or paying debts in one go."
Financial boost
He also pointed out that "the public finances, in the matter of debts, practiced what is called 'financial reinforcement' to extinguish external debts and borrow at a lower rate," indicating that "financial reinforcement is taking place despite the existence of internal debts, because they are confined within the banking financial system, and not within the Iraqi banking market, and do not pose a danger, as they are settlements within the financial system in Iraq."
Saleh expressed his hope that 2028 will be the year in which Iraq will no longer have any outstanding debts that must be paid, as what remains is a small part that constitutes only 5 percent of the gross domestic product, and thus Iraq is considered a country free of foreign debts,” noting that “the country has become indebted to no international parties except sovereign debts, or debts of entities, companies, or multilateral international financial organizations.”
Get out of debt
For his part, the economic researcher and consultant Imad Al-Muhammadawi stated that the country is moving towards taking the right measures to get rid of its foreign debts, through a series of executive decisions and paying off what remains owed, noting that what remains of the debt is not considered influential in the country, especially since it is long-term debt and its interest rate is low, not exceeding 1 percent, especially Japanese debts.
Attracting investments
Al-Muhammadawi added to Al-Sabah that “Iraq has largely succeeded in managing its financial file, in addition to its ability to avoid any financial crisis that it may face as a result of the current situation, and it is immune to the regional crisis,” noting that “Iraq currently has the opportunity to become one of the most important economic countries regionally and globally, by attracting foreign investments, especially since it has incentives and a high credit standing, not to mention its success in practicing a flexible economic policy in recent years.”
It is worth noting that a credit rating is the opinion of a specific credit agency regarding the ability and willingness of an entity (government, company or individual) to fulfill its financial obligations fully and within the specified deadlines.
Reasons for the delay in sending general budgets in Iraq and its economic repercussions
Member of the Finance Committee in the House of Representatives, Jamal Kojer, revealed the main reasons behind the delay in sending and approving the general budgets in Iraq, which are due to the weakness of successive governments and their failure to adhere to laws and the constitution.
Koger said, during an interview with Al-Mada, that "this phenomenon has become a recurring feature in the last ten years, which has negatively affected investment and the national economy in general."
Constitutional and legal reasons
Koger explained that “the laws in force, most notably the constitutional articles and the Financial Management Law, stipulate that the government must send the draft budget to the House of Representatives no later than October 15 of each year. However, the repeated delays indicate an institutional flaw and a weakness in the government’s assessment of the importance of the budget.”
He stressed that "the government often resorts to a temporary disbursement system of 1/12 of the previous year's budget, a practice that disrupts the implementation of investment projects and negatively affects economic development plans, especially in light of the almost complete reliance on the operating budget to cover employee salaries and basic state expenses."
Impact on investment side
Koger pointed out that "the investment aspect is the 'biggest victim' of the delay in approving the budget, as the first months of the year are wasted due to the lack of financial liquidity and the delay in approving plans and projects."
He explained that the actual disbursement of any project requires two main factors:
1. The monetary factor: the availability of the necessary financial liquidity.
2. The time factor: providing time to implement the administrative and executive stages of the projects.
He explained that "this delay disrupts the attraction of foreign investments that depend on adherence to financial deadlines," adding that "countries that do not approve their budgets until the fourth or fifth month lose the confidence of foreign investors in their ability to fulfill their obligations "
Legislation is not the obstacle
Koger stressed that "the problem is not related to complex legislation or laws, because the legislative context is clear and followed globally, but rather the problem lies in the performance of government institutions and the weak commitment to constitutional timings."
Operating budget is a top priority.
Koger explained that “the priority is always the operating budget in all countries of the world, as it covers basic expenses such as employee salaries and necessary service expenses (such as electricity, water and medicine).”
He stressed that "this type of budget remains valid even in the absence of the general budget, while the dues for investment projects stop at the end of the fiscal year without new allocations."
The role of political tensions
Despite his acknowledgment of the impact of political tensions, especially the conflict between Baghdad and the Kurdistan Region, Kocher stressed that “this impact does not cause a long delay, as it usually does not exceed a few weeks.” On the other hand, the biggest impact lies in the failure to adhere to legal timelines, which leads to a delay in approving the budget for more than half a year sometimes.”
Regulatory bodies and responsibilities
Regarding oversight of government performance, Koger added that “the oversight role is not limited to the House of Representatives, but rather includes the Financial Supervision Bureau and the Integrity Commission, in addition to the judiciary.”
He stressed that "eliminating corruption and achieving full commitment requires the cooperation of all these institutions with the executive authority."
Finance Committee member Jamal Koujar added, “The continued delay in approving general budgets reflects supportive weakness and the lack of seriousness of governments in supporting investment projects, which hinders economic development and harms opportunities for attracting.”
Foreign investments
He stressed the need to adhere to legal timelines and improve the performance of the relevant institutions to ensure better financial and economic stability.
Iraq out of the list of major countries holding US bonds
The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.
Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.
The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."
The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.
The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.
US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.
In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.
TBI invites project owners and government institutions wishing to provide it with POS devices to review
The Trade Bank of Iraq (TBI) called on Tuesday for project owners and government institutions wishing to provide them with POS devices to review.
The bank's media advisor, Aqeel Al-Shuwaili, told the Iraqi News Agency
(INA), "Owners of large and small projects, as well as government institutions wishing to be provided with POS devices, must submit applications to obtain them."
He added, "Applications are submitted to the bank's branches."
The Iraqi government confirms its continuous efforts to enhance cooperation with the private sector
The Iraqi government confirmed, on Tuesday, its continuous efforts to enhance cooperation with the private sector to advance the country's economic reality by supporting industrial projects.
The government said in a statement today, "Within the framework of government efforts aimed at supporting industrial projects, which contribute to achieving sustainable development, strengthening the national economy and increasing job opportunities, Prime Minister Mohammed Shia Al-Sudani issued a directive to form a joint committee from the relevant authorities, which was responsible for preparing mechanisms for lending to industrial projects, and the necessary controls to determine the amounts of reservation and extinction of the guarantees provided for those loans."
The statement added that "on December 9, 2024, the Cabinet approved the committee's recommendations, and the new instructions included implementing the Prime Minister's directives to provide loans with reduced interest and easy terms, with the aim of facilitating the establishment of new industrial projects, in cooperation with the main government banks, to ensure financial support for investors in the industrial sector."
According to the government, it "aims to have the private sector play a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing in expertise and modern technologies from specialized international companies."
The Iraqi government noted in its statement that it "practically and effectively seeks to achieve the goal of developing industrial projects with environmental sustainability, and supporting society through social responsibility programs that companies and factories are committed to."
The Iraqi government statement stressed its "continuous efforts to enhance cooperation with the private sector, leading to a comprehensive industrial renaissance that achieves benefits for both sides, and for the national economy in general."
Parliamentary Finance: The Iraqi economy is facing the region's challenges with stability
Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, confirmed today, Tuesday, that the Iraqi economy continues to be stable despite the ongoing regional challenges.
Al-Kadhimi said in a statement to Al-Maalouma Agency, “The government and the Central Bank have taken several important measures to confront the security and economic challenges facing the country, especially in light of the deteriorating situation in Syria,” explaining that “ The country's economy continues to be stable despite the ongoing regional challenges.”
He added, “The situation in Syria does not directly affect the economy or the dollar exchange rate in the local market,” noting that “the dollar price in the parallel market is currently stable.”
He said, “The impact of the economic crises witnessed by the region on the economy remained limited thanks to the ongoing efforts to monitor prices and ensure market stability.”
It is noteworthy that the Syrian pound made an unexpected leap against the Iraqi dinar in the exchange markets during the past period.
Iraq out of the list of major countries holding US bonds
The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.
Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.
The report indicated that "Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion."
The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.
The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.
US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.
In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq's holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.
Central Bank: Bank Guarantees Company will increase confidence with the private sector.. and the national lending strategy focuses on financing these projects
The Central Bank of Iraq confirmed that the Banking Guarantees Company is the gateway to trust between the banking sector and the private sector, and has become the main channel to reduce the gap of mistrust between the banking sector and the business sector. "
The Deputy Governor of the Bank, Ammar Khalaf, said during the opening of the Eighth International Conference on Guarantee, which was launched today, Wednesday, in Baghdad, that "the development of the banking sector and the increase in credit of all kinds depends largely on the availability of sufficient guarantees from borrowers, and if these guarantees are easy for owners of large projects, they are not easy for owners of small and micro projects."
He added, "Local deposit insurance institutions represent a lifeline for these projects to continue their activity, and the Loan Guarantee Company represents one of the main pillars of financial stability in Iraq, and paying attention to it is an urgent necessity in addition to the role and importance of the Deposit Guarantee Company and other companies."
The Deputy Governor stressed that "the Central Bank of Iraq is working within its various strategies to enhance the capabilities of the Iraqi Banking Guarantees and Guarantees Company, as a committee was formed from the Central Bank and the membership of the Private Banks Association and the General Managers of the Central Bank, to provide sufficient support To upgrade the Banking Guarantees Company, indicating that "the Central Bank of Iraq launched the national strategy for bank lending this year, which focuses on financing medium and small projects."
He explained that "enhancing the capabilities of the Banking Guarantees Company is a necessary condition for the success of the strategy
, as there are many national strategies to develop the Iraqi private sector and reduce the size of projects operating in the informal economy, and one of the factors for the success of these strategies is providing appropriate financing for these projects, which depends to a large extent on guarantees through the Banking Guarantees Company, which played an important role in financing small and medium projects through the Central Bank's initiatives."
Jordanian Parliament: We are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength
During a meeting with Mahmoud Al-Mashhadani
Jordanian Parliament Speaker Ahmed Al-Safadi confirmed on Monday that his country is happy to see Iraq recovering, and said that it is “the heart of the Arabs and the basis of their strength,” during his reception of his counterpart Mahmoud Al-Mashhadani and the accompanying delegation on a visit after an official invitation.
Today, Monday, the Speaker of the House of Representatives, Dr. Mahmoud Al-Mashhadani, and the accompanying parliamentary delegation arrived at the Jordanian House of Representatives building, in response to an official invitation from the Speaker of the House, Mr. Ahmed Al-Safadi.
The Speaker of the House of Representatives stressed that the Hashemite Kingdom of Jordan has priority in our official visits and is our first destination after our presidency of the House of Representatives, stressing that Iraq needs all its people and brothers and we are committed to standing with the Arab nation in all its issues.
Dr. Mahmoud Al-Mashhadani added that the situation in Palestine today needs a serious Arab stance, which requires concerted efforts to support the rights of the Palestinian people. Likewise, the situation in Syria and Lebanon needs real support and assistance to confront the political, economic and security challenges that these sister countries are going through.
For his part, Mr. Ahmed Al-Safadi welcomed President Al-Mashhadani and his accompanying delegation during the meeting, saying: Today we are happy to see Iraq recovering, as it is the heart of the Arabs and the basis of their strength.
The meeting was attended by a number of representatives, in addition to Mr. Omar Al-Barzanji, the Iraqi Ambassador to the Hashemite Kingdom of Jordan.
The visit aims to strengthen relations between the two brotherly countries in various political, economic and security fields, in addition to discussing regional and international issues of common interest.
Iraq and Jordan sign a 5-point joint statement, including support for the outcomes of the Aqaba meetings
Speaker of the House of Representatives Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi signed a joint statement of five points today, Tuesday, including support for the outcomes of the Aqaba meetings on Syria and support for efforts aimed at stopping the Zionist aggression on the Gaza Strip.
The correspondent of the Iraqi News Agency (INA) said: "A joint statement was issued from the official talks held by Parliament Speaker Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi, in the presence of members of the Permanent Bureau in the House of Representatives, the head of the Foreign Affairs Committee, the head of the Jordanian-Iraqi Parliamentary Brotherhood Committee, and members of the Iraqi Council of Representatives representing heads and members of parliamentary committees and blocs.
He added, "Al-Safadi appreciated Al-Mashhadani's visit to the Kingdom as his first official visit since assuming the presidency of the Parliament in Iraq, and the talks concluded with the signing of a joint statement that stated:
First - Strengthening coordination between Jordan and Iraq; to confront the challenges imposed by the circumstances of the region, supporting the brothers in Syria and respecting their will and the necessity of protecting the security of Syria and its citizens, preserving the unity of their lands and ensuring the representation of all their components in the political process, and supporting the outcomes of the meetings hosted by the Jordanian city of Aqaba regarding the situation in Syria.
Second: Enhancing the prospects of Jordanian-Iraqi economic cooperation, removing any obstacles that hinder this, and organizing mutual visits of parliamentary committees and chambers of industry and commerce in both countries, which contributes to opening investment windows in various fields, working to establish cultural and educational cooperation agreements, and benefiting from mutual experiences in the sectors of agriculture, energy and construction.
Third: The importance of completing the project to extend the oil pipeline from Basra to Aqaba, which is considered an economic artery for transportation for the benefit of the two countries, and working to support various joint bilateral and tripartite projects with our brothers in Egypt.
Fourth:
Supporting all efforts aimed at stopping the brutal Zionist aggression on the Gaza Strip, rejecting attempts to displace our brothers in the Strip and the West Bank, working to double efforts to deliver relief supplies to the Strip, rejecting all forms of extremist actions by settlers against our brothers in various Palestinian territories, and rejecting the violations practiced against Islamic and Christian holy sites in Jerusalem.
Fifth: Coordinating joint parliamentary positions between the Iraqi and Jordanian Houses of Representatives, based on a long and extended history of solid fraternal relations between the two countries and peoples, in a way that contributes to achieving common interests and defending the nation’s issues.”
Sudanese offers a financial guarantee mechanism
The Prime Minister's Media Office confirmed, "Within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to achieving sustainable development, strengthening the national economy, and increasing job opportunities, Prime Minister Mohammed Shia Al-Sudani issued a directive to form a joint committee from the relevant authorities.
He added, "The committee is responsible for preparing mechanisms for lending to industrial projects, and the necessary controls to determine the amounts of reservation and extinction of the guarantees provided for those loans."
According to the statement, on December 9, 2024, the Cabinet approved the committee’s recommendations. The new instructions included implementing the Prime Minister’s directives to provide loans with reduced interest and easy terms, with the aim of facilitating the establishment of new industrial projects, in cooperation with the main government banks, to ensure financial support for investors in the industrial sector.”
The Joint Committee aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing in expertise and modern technologies from specialized international companies.”
Al-Sudani and Bin Salman discuss regional stability after "Syria events"
Iraqi Prime Minister Mohammed Shia al-Sudani arrived in Saudi Arabia today, Wednesday.
This was stated by his media office in a brief statement received by Shafak News Agency, adding that Al-Sudani arrived in the Kingdom of Saudi Arabia, where he met in the city of Al-Ula with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.
In addition, the Prime Minister's media office explained, in a statement received by Shafak News Agency, that Al-Sudani met in the city of Al-Ula with the Crown Prince of Saudi Arabia, His Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud .
The latest developments in the region were discussed, as well as the importance of agreeing on joint coordination regarding the repercussions of the events in Syria, and intensifying efforts to confront regional and international challenges, in a way that contributes to enhancing regional security and the stability of the entire region .
Al-Sudani stressed Iraq's keenness on the unity of Syrian territory, non-interference in Syrian internal affairs, respect for the free will of the Syrians, and ensuring the participation of all components of the Syrian people in the administration of the country .
He expressed Iraq's readiness to cooperate with brothers and friends in the region, in order to establish security and stability, and to keep the region away from the danger of conflicts and wars .
The meeting touched on the tragic situation in Gaza, the continued aggression of the occupying entity against the Palestinians, the importance of intensifying
international efforts to immediately stop the war, and doubling relief efforts to alleviate the suffering of the people in Gaza, as well as emphasizing
welllll he's already back
PM returns to Baghdad after short visit to Saudi Arabia
Prime Minister Mohammed Shia Al-Sudani returned to the capital, Baghdad, today, Wednesday, after a short visit to the Kingdom of Saudi Arabia.
The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA), that "Prime Minister Mohammed Shia al-Sudani returned to the capital Baghdad after a short visit to the Kingdom of Saudi Arabia, during which he met with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud." Prime
Minister Mohammed Shia al-Sudani affirmed, on Wednesday, Iraq's readiness to cooperate with brothers and friends in the region; in order to establish security and stability and keep the region away from the danger of conflicts and wars.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani met in the city of Al-Ula with the Crown Prince of the Kingdom of Saudi Arabia, Prince Mohammed bin Salman bin Abdulaziz Al Saud."
It added that "during the meeting, the latest developments in the region were discussed, as well as the importance of agreeing on joint coordination regarding the repercussions of the events in Syria and intensifying efforts to confront regional and international challenges, in a way that contributes to enhancing regional
security and the stability of the entire region."
The Prime Minister stressed - according to the statement - "Iraq's keenness on the unity of Syrian lands and non-interference in Syria's internal affairs, respecting the free will of the Syrians, and ensuring the participation of all components of the Syrian people in running the country."
Al-Sudani stated, "Iraq's readiness to cooperate with its brothers and friends in the region in order to establish security and stability and keep the region away from the danger of conflicts and wars."
The statement continued, "The meeting touched on the tragic situation in Gaza and the continued aggression of the occupying entity against the Palestinians and the importance of intensifying international efforts to immediately stop the war, and doubling relief efforts to alleviate the suffering of the people in Gaza, as well as emphasizing the consolidation of the ceasefire in Lebanon and making efforts to adhere to what was agreed upon."
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