Egypt anticipates gains from expanding economic ties with Iraq
Egypt, Iraq and Jordan are working to establish an alliance to boost cooperation in various economic fields.
Egypt, Iraq, and Jordan are taking new steps toward forming a strategic partnership, which Iraqi Prime Minister Mustafa al-Kadhimi described as the “New Levant” alliance, based primarily on the economic and investment dimensions, and political and security aspects. The three countries held a summit June 27 in Baghdad to move forward with the New Levant project as per the political, security, economic, cultural, educational and investment agreements and understandings.
Energy and electrical interconnection projects top the list of economic interests between the three countries, while Baghdad and Cairo support the Jordanian role in the region to fight terrorism.
