Page 5 - MEOG Week 21

MEOG Commentary MEOG
Iraq have agreed to restore diplomatic relations, reports confirmed, as the kingdom is set to invest in a Baghdad gas field and will reportedly lend $3bn to cover Iraq’s budget deficit.
Saudi’s foreign minister said on Saturday that King Salman had instructed the kingdom to reinstate its ambassador to Iraq “as soon as possible.” Faisal bin Farhan al-Saud’s comments followed a meeting with an Iraqi official aimed at restoring relations.
“The instructions of King Salman were issued to reflect the kingdom’s desire to strengthen rela- tions between the two countries,” the Saudi offi- cial said in comments after he met with newly appointed Iraqi Finance Minister Ali Allawi, who arrived to Riyadh on an official visit on Friday.
Bin Farhan said his kingdom was aware of the “importance of co-operation with the new Iraqi government to achieve common interests and enhance bilateral relations between the two brotherly countries,” and would support Iraq’s security, stability and its fight against terrorism.
Saudi Arabia reopened its Baghdad embassy in 2015 – fifteen years after closing it due to Iraq’s invasion of Kuwait in 1990 – and appointed Samer Al-Sabhan as its ambassador.
The following year, Baghdad requested the replacement of Al-Shahban. Saudi Arabia accused Iraq of meddling with its internal affairs and reduced its diplomatic representation in the country to the rank of charge d’affaires, and has not appointed a full ambassador since.
Allawi welcomed Riyadh’s willingness to restore its full mission in Iraq, and said his coun- try “appreciates the Saudi decision to return the kingdom’s ambassador to Baghdad.”
In a broadcast aired by Saudi channel Al Arabiya on Saturday, in his meeting Allawi
discussed aspects of joint co-operation, acti- vating relations between the financial sectors to stimulate investment and trade exchange, and a number of topics related to Saudi-Iraqi Coordi- nation Council.
during the meeting, a number of topics were discussed to enhance bilateral relations between the two countries, including borders, customs relations, partnership with the private sector, launching the work of the Saudi commercial attaché in Iraq, and opening the Arar Border crossing between the two countries. The Iraq official said his discussions focused on encour- aging Saudi companies and institutions to enter the Iraqi market and play an active role in Iraq’s reconstruction.
The two countries would also co-ordinate with all oil-producing countries to restore balance to the oil market, according to Saudi reports.
Saudi Prince Khalid bin Salman, deputy Minister of defence and son of the ruling king, said the kingdom is rooting for Iraq.
“We hope Iraq reverts to being one of the strong Arab pillars that stands strong, and that its people live the life they deserve in peace,” Prince Khalid bin Salman said. “The kingdom stands by Iraq to support its advancement, peace and brotherhood with its Arab neighbours,” the prince added.
Iraq is currently facing a liquidity crisis due to the collapse of crude oil prices during the coro- navirus pandemic. This has raised concerns over the government’s ability to pay salaries to some 4mn state workers.
Allawi’s Saudi visit is the first of a series of planned visits to tackle the budget crisis, bol- ster regional relations and encourage economic co-operation.™
Week 21 27•May•2020 w w w . N E W S B A S E . c o m P5