RIYADH: Saudi Arabia and Iraq signed a memorandum of understanding on Monday to enhance cooperation in the fields of agriculture, livestock and fisheries, Saudi Press Agency (SPA) reported.
The agreement was signed during the third session of the agricultural committee of the Saudi-Iraqi Coordination Council, which was a preparatory meeting headed by the Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadhli and the Iraqi Minister of Agriculture Mohammed Al-Khafaji.
The agreement includes cooperation in a number of areas, including plant production, pest control, combating desertification and preserving forests, pastures and biodiversity. It also includes developing agricultural marketing and trade exchange for agricultural products, wastewater management, treatment and reuse, food security, quarantining, veterinary laboratories, and supporting investment in the agricultural sector.
According to the deal, joint seminars, workshops, and trade and investment exhibitions will be held and agricultural projects will be set up and implemented.
A joint working team will also be formed within the work of the Saudi-Iraqi Coordination Council, to consult on the measures to be taken to enhance and develop cooperation in accordance with the provisions of the memorandum signed between the two sides.
During the meeting, the committee discussed a number of issues in the environmental, water, agricultural and food security fields.
Saudi Arabia, Iraq sign deal to support agricultural cooperation, livestock and fisheries
https://arab.news/jk58z
Saudi Arabia, Iraq sign deal to support agricultural cooperation, livestock and fisheries
- The agreement includes cooperation in a number of areas
- According to the deal, joint seminars, workshops, and trade and investment exhibitions
Closing Bell: Saudi main index closes in red at 10,947
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 208.20 points, or 1.87 percent, to close at 10,947.25.
The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion), as 14 of the listed stocks advanced, while 253 retreated.
The MSCI Tadawul Index decreased, down 25.35 points, or 1.69 percent, to close at 1,477.71.
The Kingdom’s parallel market Nomu lost 217.90 points, or 0.92 percent, to close at 23,404.75. This came as 24 of the listed stocks advanced, while 43 retreated.
The best-performing stock was Musharaka REIT Fund, with its share price up 2.12 percent to SR4.34.
Other top performers included Al Hassan Ghazi Ibrahim Shaker Co., which saw its share price rise by 1.18 percent to SR17.20, and Saudi Industrial Export Co., which saw a 0.8 percent increase to SR2.51.
On the downside, Abdullah Saad Mohammed Abo Moati for Bookstores Co. was among the day’s biggest decliners, with its share price falling 9.3 percent to SR39.
National Medical Care Co. fell 8.98 percent to SR128.80, while National Co. for Learning and Education declined 6.35 percent to SR116.50.
On the announcements front, Red Sea International said its subsidiary, the Fundamental Installation for Electric Work Co., has entered into a framework agreement with King Salman International Airport Development Co.
In a Tadawul statement, the company noted that the agreement establishes the general terms and conditions for the execution of enabling works at the King Salman International Airport project in Riyadh.
Under the 48-month contract, the scope of work includes the supply, installation, testing, and commissioning of all mechanical, electrical, and plumbing systems.
Utilizing a re-measurement model, specific work orders will be issued on a call-off basis, with the final contract value to be determined upon the completion and measurement of actual quantities executed.
The financial impact of this collaboration is expected to begin reflecting on the company’s statements starting in the first quarter of 2026, the statement said.
The company’s share price reached SR23.05, marking a 2.45 percent decrease on the main market.
