Iraq, Iran to launch Joint Investment Fund

By John Lee.

Iraq and Iran are to launch a fund to finance joint ventures between the two countries.

In his closing remarks to the Iran-Iraq Economic Conference on Wednesday, Iran's Minister of Energy Reza Ardakanian said

"The proposal to establish a joint venture fund to support the private sector of the two countries was approved."

The conference also discussed plans to establish a branch of Tehran University of Medical Sciences in Iraq.

(Source: Iranian Ministry of Energy)

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