BR100 Increased By (1.12%)
BR30 Increased By (1.8%)
KSE100 Increased By (0.98%)
KSE30 Increased By (1.06%)
AGHA 7.69 Increased By ▲ 0.23 (3.08%)
BECO 5.32 Increased By ▲ 0.05 (0.95%)
BML 61.50 Increased By ▲ 4.24 (7.4%)
BOP 36.10 Increased By ▲ 1.35 (3.88%)
CNERGY 11.33 Increased By ▲ 0.27 (2.44%)
CSIL 6.19 Increased By ▲ 0.36 (6.17%)
FCCL 56.88 Increased By ▲ 0.46 (0.82%)
FFL 16.53 Increased By ▲ 0.12 (0.73%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.42 Increased By ▲ 0.10 (1.37%)
KOSM 6.09 Decreased By ▼ -0.06 (-0.98%)
LOTCHEM 27.27 Increased By ▲ 0.15 (0.55%)
MLCF 103.25 Increased By ▲ 5.31 (5.42%)
NBP 207.69 Increased By ▲ 0.81 (0.39%)
NCPL 62.06 Increased By ▲ 5.64 (10%)
NPL 72.35 Increased By ▲ 6.58 (10%)
OGDC 318.90 Increased By ▲ 2.60 (0.82%)
PACE 11.08 Increased By ▲ 0.21 (1.93%)
PAEL 44.58 Increased By ▲ 2.28 (5.39%)
PIBTL 16.90 Increased By ▲ 0.12 (0.72%)
PPL 222.61 Increased By ▲ 1.92 (0.87%)
PRL 63.79 Increased By ▲ 0.14 (0.22%)
PTC 73.65 Increased By ▲ 1.83 (2.55%)
SSGC 27.25 Increased By ▲ 0.17 (0.63%)
TBL 9.86 Increased By ▲ 0.14 (1.44%)
TELE 8.83 Increased By ▲ 0.10 (1.15%)
TPL 20.31 Increased By ▲ 0.91 (4.69%)
TPLP 14.93 Increased By ▲ 0.15 (1.01%)
TREET 24.11 Increased By ▲ 0.71 (3.03%)
TRG 62.29 Increased By ▲ 0.88 (1.43%)
Markets

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

  • Arar has been closed since 1990 after the two countries cut ties following Saddam Hussein's invasion of Kuwait.
  • Riyadh has been wooing Baghdad as part of an effort to stem the growing regional influence of Iran.
Published Updated
By

AL-NUKHAIB: 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 Abdulah 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.

Comments

Comments are closed for this article.