Iraq-Saudi Arabia border crossing opens for trade, first time since 1990

No results matched your search

EconomyNov 18, 2020 12:26PM ET

2/2

© Reuters. Iraq-Saudi Arabia border crossing opens for trade

2/2

AL-NUKHAIB, Iraq (Reuters) – Iraq and Saudi Arabia opened the Arar border crossing for trade for the first time in three decades, the Iraqi border ports commission said on Wednesday.

Arar has been closed since 1990 after the two countries cut ties following Saddam Hussein’s invasion of Kuwait.

Iraqi and Saudi officials including the Saudi ambassador to Iraq toured the site on Wednesday.

Riyadh has been wooing Baghdad as part of an effort to stem the growing regional influence of Iran, while Iraq is seeking economic benefits from closer ties with its southern neighbour.

The Saudi-Iraqi rapprochement extends back to 2015, when Saudi Arabia reopened its embassy in Baghdad following a 25-year break.

In July Saudi Arabia and Iraq signed investment agreements on energy and sports.

“The Saudi-Iraq relations have been cut for about 27 years, and now we celebrate an accomplishment that suits the Saudi-Iraqi relations,” Saudi Ambassador Abdulaziz Alshamri said.

“We welcome all Iraqi products to be exported to Saudi and through this border, there will be an exchange of visits between the two countries…,” he added.

(This story corrects Saudi Ambassador’s name in paragraph 7 to Abdulaziz (not Abdulah) Alshamri)

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Leave a Reply