Iraq + Azerbaijan ink air services agreement: Iraq and Azerbaijan have inked MoUs to enhance bilateral relations, including an air services agreement, according to an Iraqi presidency statement. The MoUs were signed following a meeting between Iraqi President Abdul Latif Jamal Rashid with Azeri President Ilham Aliyev in Baku between the Azeri Digital Development and Transport Minister Rashad Nabiyev and Iraqi Civil Aviation Authority president Iman Al Asadi.

Egypt and KSA might be doing a currency swap: Egypt and Saudi Arabia are studying the possibility of conducting local currency-denominated trade soon, Asharq Business reported, citing remarks by Egyptian Commercial Representation Service head Yahya Al Wathiq Billah. The Saudi commerce minister has already submitted a proposal to discuss the possibility of paying a portion of trade operations in local currencies and the proposal will be discussed between the central banks of the two countries before a consensus is reached by 2024, Al Wathiq Billah was quoted as saying.

ICYMI- Local currency trade with India may also be in the works following discussions between Finance Minister Mohamed Maait and the Indian ambassador, the Finance Ministry said last week.

ALSO WORTH KNOWING-

  • Iran’s Secretary of Supreme Council of Industrial-Trade and Special Economic Zones Hojatollah Abdolmaleki and Oman’s Chairman of the Public Authority for Special Economic Zones and Free ZonesAli bin Masoud Al Sunaidymet in Muscat to discuss the implementation of previously signed trade agreements and bilateral cooperation on freezones. (Mehr)
  • Bahraini Industry and CommerceMinister Abdulla bin Adel Fakhro and Director of the Council of the European Commissioner for Trade Michael Hager discussed boosting bilateral cooperation. (BNA)
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