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
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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 10,847
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 58.51 points, or 0.54 percent, to close at 10,847.93.
The total trading turnover of the benchmark index was SR3.78 billion ($1 billion), as 73 of the listed stocks advanced, while 187 retreated.
The MSCI Tadawul Index decreased, down 7.09 points or 0.48 percent, to close at 1,472.98.
The Kingdom’s parallel market Nomu lost 178.75 points, or 0.77 percent, to close at 22,916.83. This comes as 30 of the listed stocks advanced, while 37 retreated.
The best-performing stock was the Power and Water Utility Co. for Jubail and Yanbu, with its share price surging by 8.47 percent to SR31.24.
Other top performers included Saudi Paper Manufacturing Co., which saw its share price rise by 6.13 percent to SR53.70, and Jamjoom Pharmaceuticals Factory Co., which saw a 4.58 percent increase to SR137.
On the downside, the worst performer of the day was CHUBB Arabia Cooperative Insurance Co., whose share price fell by 5.14 percent to SR17.53.
Saudi Kayan Petrochemical Co. and Arabian Internet and Communications Services Co. also saw declines, with their shares dropping by 4.87 percent and 4.43 percent to SR4.88 and SR181.40, respectively.
On the announcement front, Saudi Kayan Petrochemical Co. announced its annual financial results for 2025, with sales dropping 3.06 percent year-on-year to SR8.45 billion. The company also recorded a net loss of SR893.86 million.
In a Tadawul statement, the company said the net loss and decline in annual sales were driven by a drop in average selling prices, despite higher sales volumes.
