Saudi and Iraq to sign deals worth billions of dollars

Iraq and Saudi Arabia, Opec’s two biggest producers, are set to finalise multibillion-dollar deals in energy, petrochemicals and water, Iraq’s state-run newspaper said on Monday.

Saudi Arabia is not the only Gulf country that is strengthening ties with Iraq. The UAE last month signed a deal with Iraq to promote and protect mutual investments as Emirati companies seek to increase their investments in sectors, such as clean energy and logistics, in the country.

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