Latest news with #MohammedAl-Najjar
Saba Yemen
6 days ago
- Business
- Saba Yemen
Planning Sector at Prime Minister's Office Receives Ministry of Oil and Minerals' Plan
Sana'a (Saba) – The Planning Sector at the Prime Minister's Office received the Ministry of Oil and Minerals' plan for the year 1447 AH. This came during a meeting between Ali Al-Mutamayiz, Deputy Assistant Director of the Prime Minister's Office for Planning, and Mohammed Al-Najjar, Deputy Minister of Oil and Minerals. Whatsapp Telegram Email Print more of (Local)
Saba Yemen
16-06-2025
- Business
- Saba Yemen
Oil Minister inspects work discipline in several Ministry-Affiliated Units
Sana'a - Saba: The Minister of Oil and Minerals, Dr. Abdullah Al-Amir, inspected on Monday the level of work discipline in several units affiliated with the ministry. The minister, along with his deputy Mohammed Al-Najjar, reviewed the adherence to work schedules following the Eid holiday at the Yemen Oil Company, the General Corporation for Oil and Gas, and the Yemeni Company for Oil Investments. They were briefed by the Acting Executive Director of the Yemen Oil Company, Mohammed Al-Lakumi, on workflow in various departments, facilities, and sections of the company, as well as the level of compliance with official working hours. The Oil Minister praised the discipline demonstrated by the company's leadership and employees, which reflects their commitment to accomplishing tasks, improving institutional work, and enhancing performance. He urged them to redouble efforts and boost performance to contribute to fulfilling the company's responsibilities. The minister also assessed work discipline at the General Corporation for Oil and Gas on the second day of official work following the Eid al-Adha holiday. He was briefed by the corporation's director, Mahmoud Al-Noum, on workflow, discipline levels, and the implementation of programs and tasks assigned to the corporation, as well as its plans and procedures for modernizing services. The minister commended the discipline of the corporation's leadership and staff and their efforts, particularly given the exceptional circumstances the country is facing due to ongoing aggression and blockade. Additionally, the Oil Minister reviewed workflow and discipline levels at the Oil and Mineral Investments Company. He was briefed by the company's Deputy Executive Director, Abdulrahman Al-Akou', on operations, progress in implementing plans, and challenges facing the company's activities. Minister Al-Amir praised the efforts of the company's leadership and staff in carrying out their duties, stressing the importance of training and capacity-building through modern programs in coordination with the Petroleum Training Center. Whatsapp Telegram Email Print
Iraqi News
03-06-2025
- Business
- Iraqi News
Iraq, Japan sign agreement to support investment
Baghdad ( – In a significant effort to enhance collaboration between the private sectors of Iraq and Japan, Mohammed Al-Najjar, the head of the Iraq Development Fund, announced on Monday that Iraq and Japan have signed a Memorandum of Understanding (MoU) titled 'Logistics Cooperation to Support Investment.' In a statement to the Iraqi News Agency (INA), Al-Najjar clarified that the step promotes Iraqi-Japanese relations through broader participation by the private sectors in both countries. The agreement that aims to boost cooperation between the Iraqi and Japanese private sectors by sharing and exchanging information, as well as supporting, promoting, and coordinating business operations, was signed between the Japan Cooperation Center for the Middle East (JCCME) and the Iraq Development Fund. Al-Najjar described the agreement as significant, stating that it will create new opportunities and result in the establishment of two centers: one in Japan that represents the Iraq Development Fund and another in Iraq that represents the JCCME. The MoU establishes an Iraqi-Japanese platform that offers up new possibilities in terms of training and collaboration, according to Al-Najjar. For more than a decade, the JCCME has worked to promote trade and investment between Japan and Iraq through activities that aim to improve Japanese companies' understanding of Iraq, according to the Japanese Ambassador to Iraq, Akira Endo. Endo added that the JCCME helped organize annual Iraqi business seminars, sent delegations to critical industries in Iraq, and organized training programs in Japan for Iraqi authorities.
Iraqi News
02-06-2025
- Business
- Iraqi News
Iraq signs $200 million deal with British firm to build baby formula plant
Baghdad ( – The Iraq Development Fund and Britain-based Agrium Capital signed a memorandum of understanding (MoU) on Monday to set up the first modern baby formula plant in Iraq. During a ceremony held in Baghdad to sign the MoU, director of the Iraq Development Fund, Mohammed Al-Najjar, stated that the step is critical for the future of Iraqi youth, as Iraq sees an annual growth in the number of births that exceeds one million children, the Iraqi News Agency (INA) reported. Many imported brands of baby formula have little nutritional content; thus, this initiative is essential for the health of Iraqi infants and future generations, according to Al-Najjar. The Iraqi official explained that the plant will be built in Iraq and will use locally produced raw materials, such as milk, to manufacture premium branded baby formula with excellent nutritional content. Al-Najjar illustrated that Iraq not only relies on imported infant formula but also lacks a comprehensive mechanism for verifying its quality. Having a facility inside the country allows Iraqis to derive economic benefits from the country's cattle while also ensuring excellent quality control. Agrium Capital works on projects in many countries. The firm employs roughly 3,000 people and has considerable experience in producing infant formula, thanks to its various specialized plants across the world. With a capital investment of more than $200 million, the factory is intended to be extremely sophisticated. It is expected to have a manufacturing capacity of up to 25,000 tons, which is sufficient to meet 80 to 85 percent of the Iraqi market's requirements.
Iraqi News
02-06-2025
- Business
- Iraqi News
Iraq and Japan Sign Memorandum of Understanding to Support Investment
The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, announced on Monday the signing of a memorandum of understanding (MoU) with Japan titled 'Logistical Cooperation to Support Investment.' Al-Najjar told the Iraqi News Agency (INA) 'A memorandum of understanding was signed with the Japanese delegation under the title 'Logistical Cooperation to Support Investment.' This agreement is historic in that it transitions the Iraqi-Japanese relationship from a government-to-government framework to one involving the private sector.' He also expressed his gratitude to the Japanese side for their support over the past 20 years through various projects and loans. He added that 'the Japanese experience in Iraq is not merely technological, but a human one,' affirming that 'this agreement is historic and will open unprecedented horizons. It will establish two centers, one in Japan representing the fund, and another in Iraq representing the Japanese institution.' He continued 'We are working at a rapid pace. This agreement forms an Iraqi-Japanese platform that will unlock major opportunities in areas such as agency representation, training, and broader cooperation.'
