By John Lee. Rudaw reports that the construction of a dam in Iran has led to a major reduction in the supply of water to the town of Qaladze in the Kurdistan Region of Iraq. The dam in Sardasht is on the Khas river, which flows into Qaladze; water supplies are said to be down […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iran Begins Exporting Natural Gas to Iraq
Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia announced that the Islamic Republic has started exporting natural gas to neighboring Iraq. The exports of natural gas to the Arab country began on Wednesday night, the Iranian deputy oil minister said. Zamaninia also said the exports started with 7 million cubic meters (mcm) of […]
Tags: Baghdad, Electricity In Iraq, featured, gas imports, Iran, National Iranian Gas Company (NIGC), South Pars
Iran Proposes Visa-Free Regime with Iraq, Trade in Own Currencies
Iran’s first vice-president put forward a proposal to lift visa requirements for the Iranian and Iraqi travelers, and also called for trade exchanges between the two countries using their own currencies, namely rial and dinar. Addressing a meeting of high-ranking delegations from Iran and Iraq, attended by the visiting Iraqi Prime Minister Haider al-Abadi and […]
Tags: Central Bank of Iraq (CBI), dinar, Dinar Exchange Rate News, Dinar Revaluation News, featured, IQD, Iran, Iraqi Dinar News, re-denomination, re-valuation, Redenomination
As Extremists Lose Power in Iraq, Militias Loyal to Iran Gain it
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government’s next big problem is coming into view: The group of powerful Shiite Muslim militias loyal to Iran seem to want to keep the country enmeshed in regional […]
Tags: Iran
Trade Increases after Automation of Border Crossings
By John Lee. Cross-border trade has increased 20 percent in the first three months of this year after authorities installed automatic electronic system in the main border stations in January. The manager of the Kurdistan Region Customs Service told Rudaw: “The automation process has had an immediate and relatively large impact on the overall revenues […]
Iran, US set for proxy clash on Syrian-Iraqi Border
By Mustafa Saadoun for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As the Popular Mobilization Units (PMU) continue their operations in the western areas of Mosul, some PMU factions reached the Syrian border May 29 and were met by Syrian […]
Iranian Envoy, Iraqi Minister Discuss Cultural Ties
Iranian Ambassador to Baghdad Iraj Masjedi and the Iraqi Minister of Culture Faryad Rawanduzi held talks on a range of issues, including ways to boost relations between the two neighbors in culture and tourism. In the meeting held in Baghdad on Tuesday, the Iraqi minister hailed the relationship between Tehran and Baghdad as deep-rooted and […]
US mulls how best to Control pro-Iran Factions
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. US mulls how best to Control pro-Iran Factions in Mideast As the administration of US President Donald Trump looks ahead to a post-Islamic State (IS) status in the […]
Tags: caliphate, Daesh, Donald Trump, featured, Iran, ISIL, ISIS, Islamic State, Jordan, PMU, Popular Mobilization Units, Syria, terrorism, United Arab Emirates (UAE), United States
Can US-Sunni Alliance lure Baghdad away from Tehran?
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. There are strong indications that Gulf states want to keep Iraq away from Iran‘s influence by including Iraq under the banner of a US-backed Sunni Arab alliance. The […]
Iran Building 2 Sports Arenas in Iraq
During a visit to Iraq, an Iranian deputy minister was updated on the latest status of two sports arenas that Iranian companies are constructing in Baghdad. Mojtaba Khosrotaj, Iran’s deputy minister of industry and head of the Trade Promotion Organization of Iran (PMOI), held a meeting with Iraq’s minister of youth and sports and with […]
Iran bans scrap metal imports from Iraq
By John Lee. Iran has reportedly banned the import of scrap metal from Iraq and Afghanistan. According to a report from Platts, the Trade Promotion Organization of Iran (TPOI) requested the ban due to fears that consignments could be contaminated with radioactive material or chemicals, and that they may contain unexploded munitions. It adds that […]
EGFI agrees Political Risk Insurance for Rumaila Power Plant
By Editor on May 9, 2017 in Construction & Engineering In Iraq, Iraq Banking & Finance News, Iraq Public Works News
The Export Guarantee Fund of Iran (EGFI) has announced that it is to provide political risk insurance (PRI) to Iran‘s MAPNA Group for its Rumaila power plant project in Iraq. Rumaila, a natural gas combined cycle power plant with 12 gas and 6 steam turbines, is to be implemented at a cost of $2.5 billion […]