By John Lee. Iran’s private banks have reportedly laid the groundwork for setting up a joint bank with their counterparts in Iraq. Yahya Al-e Es’haq [Yahya Ale-Ishaq] (pictured), head of Iran-Iraq Chamber of Commerce, is quoted as saying that the bank would operate under the regulations of central banks of the two countries to facilitate […]
Tag Archives | Iran
The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Turkey to supply more Water to Iraq
By John Lee. Turkey has announced that it will increase water supplies to Iraq to compensate for a drop in supply from Iran. According to Abu Dhabi-based The National, Iran has said it will cut water supplies to Iraq to prioritise projects within Iran. Turkey depends on water from the Tigris to fill a reservoir […]
Wildfires Ravage Marshlands on Iran-Iraq Border
By Shaghayegh Rostampour for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. A mother covers her daughter’s mouth and nose with her headscarf as they rush through the heavy smog that blankets a crowded street. She stops to cough, but then […]
How will Basra be Affected by Closure of US Consulate?
By Hamdi Malik for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The oil-rich port city of Basra is feeling the heat of the intensifying conflict between the United States and Iran. Pro-Iranian armed groups that threaten the United States from time […]
Iraq offers to Mediate between Trump, Iran
By Laura Rozen for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Concerned that tensions between Iran and the United States could blow back onto Iraq, a senior Iraqi diplomat said today that Iraq would be willing to facilitate dialogue between […]
US Evacuates Consulate in Basra
Due to concerns about the security of U.S. government personnel, on September 28, 2018, the Department of State ordered the departure of U.S. government personnel from the U.S. Consulate General in Basrah. In a statement, the State Department said: “Secretary of State Michael R. Pompeo [pictured] has made the determination to place Consulate Basrah on […]
Iran-Iraq Ferry Service Resumes
By John Lee. The Iraqi Ministry of Transport has that the ferry between Al-Ashar Quay on the banks of the Shatt al-Arab in Basra and the Iranian port of Khorramshahr has resumed after a three-year suspension. Forty-six passengers travelled on the first service on Saturday. The Director of the General Company for Maritime Transport, Abdul […]
Iraq seeks Sanctions Waiver on Iran Energy Trade
Iraq is negotiating with the U.S. for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington last week seeking a waiver for its cross-border trade, meeting with […]
Video: Sanctions Prevent Iranians marking Ashoura in Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. US sanctions have made it too expensive for Iranian Shia Muslims to travel to Iraq to mark Ashoura. Ashoura is a day of remembrance, commemorating the death of Imam Hussein, a grandson of […]
Abadi under fire from Pro-Iran Political Factions
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Tension is rising in the conflict between embattled Iraqi Prime Minister Haider al-Abadi and the Popular Mobilization Units (PMU), as the United States and Iran vie for influence in the new government that lawmakers […]
Video: Are Pro-Iran Parties on the rise in Iraq?
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraqis could finally be getting a working parliament. On Saturday, MPs elected a new speaker, ending months of political deadlock following May’s election. But concern is growing that control of Iraq’s politics may […]
Religious Tourism Suffers from Sanctions on Iran
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. Iraq’s religious tourism suffers from US sanctions on Iran US economic sanctions on Iran are stemming the flow of religious tourists to neighboring Iraq, even as the Muslim holy month […]