Baghdad International Fair Hosts 55 Saudi Companies

Baghdad International Fair Hosts 55 Saudi Companies
TT
20

Baghdad International Fair Hosts 55 Saudi Companies

Baghdad International Fair Hosts 55 Saudi Companies

The Saudi Export Development Authority (Saudi Exports), in partnership with the Saudi-Iraqi Coordination Council, is participating in the 48th edition of the Baghdad International Fair. The Saudi pavilion features 55 national companies representing various export sectors.
Held from February 1 to 7 in the Iraqi capital, Baghdad, the exhibition presents a valuable opportunity to strengthen trade ties between Saudi Arabia and Iraq while showcasing the Kingdom’s leading products and services, SPA reported.
Saudi Exports' participation reaffirms its commitment to enhancing the presence of national products in international markets, expanding trade partnerships, and boosting the competitiveness, quality, and efficiency of Saudi exports.
CEO of Saudi Exports Eng. Abdulrahman Althukair emphasized that Saudi Arabia’s involvement in the fair reflects its dedication to deepening trade relations with neighboring countries, particularly Iraq, a promising market for Saudi goods. He noted that the slogan “Jeerah and Deerah” symbolizes the strong historical and fraternal ties between the two nations and reinforces the spirit of neighborliness, further strengthening the position of Saudi products in the region.
Saudi non-oil exports to Iraq have reached nearly SAR 20 billion over the past five years (2020–October 2024), with metals and their products, food industries, and electrical machinery and equipment ranking as the top export sectors during this period.



Asian Stocks, Bitcoin Down as Trade Uncertainty Roils Markets

FILED - 21 November 2024, Berlin: A Bitcoin coin lies on a screen showing the Bitcoin - US dollar exchange rate. Photo: Fernando Gutierrez-Juarez/dpa
FILED - 21 November 2024, Berlin: A Bitcoin coin lies on a screen showing the Bitcoin - US dollar exchange rate. Photo: Fernando Gutierrez-Juarez/dpa
TT
20

Asian Stocks, Bitcoin Down as Trade Uncertainty Roils Markets

FILED - 21 November 2024, Berlin: A Bitcoin coin lies on a screen showing the Bitcoin - US dollar exchange rate. Photo: Fernando Gutierrez-Juarez/dpa
FILED - 21 November 2024, Berlin: A Bitcoin coin lies on a screen showing the Bitcoin - US dollar exchange rate. Photo: Fernando Gutierrez-Juarez/dpa

Asian stocks tumbled at the open Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data.

Bitcoin plunged 5.7 percent after Trump signed an executive order to establish a "Strategic Bitcoin Reserve" without planning any public purchases of the cryptocurrency, AFP said.

The unit recovered somewhat and was trading down 2.9 percent at around 0345 GMT.

Major indices in Asia were in the red despite Trump's move Thursday to delay some tariffs targeting Canada and Mexico.

The halt -- which will last until April 2 -- offers temporary relief to automakers.

But Trump has said he will not modify broad tariffs for steel and aluminium imports, which are due to take effect next week.

"Confusion reigns around the Trump Administration policy agenda," said Chris Weston, head of research at Pepperstone.

Despite the latest tariff pause "the lack of consistency to hold policy firm further limits the visibility US businesses have to position margins and to make strategic planning decisions", said Weston.

Japan's Nikkei index dropped more than 1.5 percent at the open while shares in South Korea and Australia also fell more than one percent.

Chinese markets, which had been riding a wave of stimulus-induced optimism, were mostly flat on Friday.

Chinese stocks jumped after Beijing announced a growth target of around five percent at its annual meeting of the National People's Congress on Wednesday.

China has vowed to make domestic demand its main economic driver despite facing persistent economic headwinds and an escalating trade war with the United States.

Foreign Minister Wang Yi warned on Friday that Beijing will "firmly counter" US pressure on trade.

"China-US economic and trade ties are mutual. If you choose to cooperate, you can achieve mutually beneficial and win-win results. If you use only pressure, China will firmly counter," he said.

Traders were looking ahead to Friday's US jobs report for February, a key indicator of economic health.

Weekly jobless claims figures released Thursday were better than expected, while Wednesday's private payroll report from ADP lagged estimates.