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Iraq, GCCIA inaugurate landmark grid interconnection project

by Baset Asaba

The Gulf Cooperation Council Interconnection Authority (GCCIA) has embarked on the implementation of a new super grid project, connecting the GCC with the southern region of Iraq, according to a press statement. The interconnection project, slated for completion by late 2024, marks the first-ever expansion beyond the electrical grid system of the GCC countries. The […]

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Saudi Arabia’s PIF launches $3 billion unit to drive investment in Iraq

by Staff Writer

A new company has been carved out of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), to target multi-billion investments across industries in Iraq. With a staggering capital of $3bn, the newly formed Saudi-Iraqi Investment Company is part of PIF’s ambitious strategy to expand its investments in the Middle East and North Africa. […]

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Saudi Arabia announces major change to work and visit visas

by Staff Writer

Saudi Arabia has announced changes to the way it issues visas for workers and visitors to the Kingdom. The Ministry of Foreign Affairs has launched a new initiative, cancelling the visa sticker on passports and switching to an e-visa with QR code.  The new procedure is part of the digitalisation of the ministry’s consular services, including work permits, […]

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GE signs PoC with Iraq to strengthen power infrastructure

by Staff Writer

GE has signed a Principles of Cooperation (PoC) with Iraq’s Ministry of Electricity to explore opportunities for strengthening the country’s power infrastructure, the company announced on February 16. According to a press release, GE will work on establishing new power plants and expanding capacity at existing facilities, maintaining and rehabilitating installed power generation and transmission […]