Wednesday, July 22, 2026

Al Jazeera - Economy:

The Saudi Export-Import Bank signed a credit line agreement with Mansour Investment Bank of Iraq to enhance the access of Saudi non-oil exports to the Iraqi markets and develop trade exchange between the Kingdom of Saudi Arabia and the Republic of Iraq.

Saudi Political Analysis

The agreement was signed by the CEO of the Saudi Export-Import Bank, Engineer Saad bin Abdulaziz Al-Khalb, and the General Manager of Mansour Investment Bank of Iraq, Dr. Walid Abdelnour, at the bank's headquarters in Riyadh.

The agreement comes as part of the Saudi Export-Import Bank's strategy to provide high-quality credit solutions to develop Saudi non-oil exports and enhance their competitiveness in global markets through building effective strategic partnerships with international financial institutions.

This agreement represents a practical step to enable the growth of national export flows and enhance their competitiveness in Iraqi markets by stimulating Iraqi buyers to import Saudi products and services, opening greater opportunities for local exporters to expand their export activities to the Republic of Iraq.

Engineer Al-Khalb affirmed that this agreement reflects the Saudi Export-Import Bank's commitment to enabling Saudi non-oil exports and opening new pathways for local exporters to regional markets, foremost among them the Iraqi market, contributing to developing trade exchange and strengthening economic relations between the two countries.

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