Tag Archives | Iran

The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News

Tehran, Baghdad "Keen to Expand Banking Ties"

From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The chairman of the Iran-Iraq Joint Chamber of Commerce said banking officials from the two countries are keen to expand the monetary and banking relations. There is not any […]

Iraqi Militia Subsidiary signs MoU with Chinese Firm

By John Lee. A subsidiary of the Iran-backed Popular Mobilization Forces (PMF), described as "The General Engineering Company", signed a memorandum of understanding yesterday (Thursday) with the China Machinery Engineering Corporation (CMEC). According to a press release from the PMF, the memorandum covers cooperation in various fields including construction engineering, trade, services, and energy projects, […]

Halabja Locals Protest Iraq's Border Fence with Iran

From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Halabja locals protest Iraq's border fence with Iran The Iraqi government's decision to close the border with Iran by setting up a fence has sparked protests from locals who fear the decision will negatively […]

What Next for Iraq and US after Drone Strike?

By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. What's next for Iraq and the US after drone strike killed militia leader? The Iraqi government strongly condemned the US strike that killed Abu Baqir al-Saadi, as did Iran-backed […]

Why Iraq's Dinar is Trading Below Official Rate

By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Why Iraq's dinar is trading below official dollar rate amid new restrictions A top US official visited Iraqi officials last week to discuss countering illicit finance and strengthening Iraq's […]

Two Tough Scenarios for U.S.-Iraq Relations

By Bilal Wahab for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Two Tough Scenarios for U.S.-Iraq Relations Washington's ever-narrowing Iraq policy has left it with unpalatable choices, but muddling through is a better short-term option than […]

US Sanctions Iraqi Bank; $6bn Fraudulently Transferred

By John Lee. The US Treasury Department has sanctioned Iraq's Al-Huda Bank, and its owner and Chairman, Hamad al-Moussawi. On Monday, the Department's Financial Crimes Enforcement Network (FinCEN) said the bank, "serves as a conduit for terrorist financing, as a foreign financial institution of primary money laundering concern." Along with its finding, FinCEN proposed imposing […]

Call to Boycott Iranian Products following Missile Attack

By John Lee. Erbil Chamber of Commerce and Industry has reportedly issued a statement urging traders in the Kurdistan Region of Iraq to "suspend" the purchase of Iranian products in protest of the Islamic Revolutionary Guard Corps (IRGC) missile strikes on a private residence in Erbil. The attacks killed at least four civilians, including two […]

US Imposes Sanctions on Iraq's Fly Baghdad airline

By John Lee. The United States has imposed sanctions on the Iraqi airline Fly Baghdad, and on its CEO, Basheer Abdulkadhim Alwan al-Shabbani. In a statement on Monday, the Department of the Treasury's Office of Foreign Assets Control (OFAC) said the airline, "provid[ed] assistance to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its proxy […]

Iran's Non-Oil Exports to Iraq Up 30%

From Tasnim, under a Creative Commons licence. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. A member of the Iran-Iraq Joint Chamber of Commerce said that $6.2 billion worth of non-oil goods were exported from Iran to Iraq in the first eight months of […]