The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
Iranian President Hassan Rouhani said the governments of Iran and Iraq have decided to raise the value of annual trade exchange to $20 billion. Speaking at a joint press conference with Iraq's visiting prime minister in Tehran on Tuesday, President Rouhani said the Iranian and Iraqi governments have decided to raise the value of bilateral […]
Iranian Foreign Minister Mohammad Javad Zarif and Iraqi President Barham Salih weighed plans for the development of the economic and trade ties between the two countries. Zarif met with President Salih in Baghdad on Sunday for talks on a range of issues. In the gathering, Zarif and Salih highlighted the age-old and historic relations between […]
By John Lee. Iraq has reportedly partially reopened its southern Shalamcheh border crossing with Iran, more than three months after it was closed to help combat the spread of the coronavirus / COVID-19. According to Shafaaq, the crossing will open every Wednesday and Sunday from now on, but only for the trade of foodstuffs; it […]
Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the oil industry. In a telephone conversation, Zangeneh and Abdul Jabbar called for the expansion of oil cooperation between the two Muslim neighbors. The Iranian minister congratulated Abdul Jabbar on taking office […]
Governor of the Central Bank of Iran (CBI) unveiled plans for using a joint mechanism with Iraq to purchase basic commodities and items excluded from the list of anti-Iranian sanctions. Iran's top banker Abdonnaser Hemmati, who is on a visit to Iraq with a ranking economic delegation, held a meeting with his Iraqi counterpart Ali […]
By Al-Monitor staff. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq returns to lockdown after surge in coronavirus cases By opening two border crossings with Iran and Iraq, Turkey is seeking to boost the economy, and many businesses resume operations in the country […]
Iran signed an agreement on exports of electricity to neighboring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran's Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector, despite American pressure on the Iraqi government to reduce economic ties with […]
Iran's Minister of Energy Reza Ardekanian has paid a visit to Iraq for talks on energy cooperation. During his trip to Baghdad, Ardekanian will hold talks with his new Iraqi counterpart and the other senior officials of the Arab country to weigh plans for the promotion of cooperation in the electricity industry. The Iranian and […]
By Ranj Alaadin, for Brookings Institution. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq has a new prime minister. What next? After five months and two failed attempts, Iraq has a new prime minister. Mustafa al-Kadhimi's appointment offers the country the prospect of […]
By Hamdi Malik for Foreign Affairs. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Mustafa al-Kadhimi (pictured), Iraq's new prime minister as of May 12, has already announced a bold intention. In a short government manifesto he submitted to the Iraqi Parliament, Kadhimi emphasized his […]
By John Lee. Iraq's national lockdown in response to the coronavirus (COVID-19) pandemic has reportedly given a boost to local businesses. According to a report from AFP, local businesses no longer have to compete with imports from countries such as Turkey, Iran, China, Saudi Arabia, Jordan and Kuwait. It quotes the owner of an ice-cream […]
By Adnan Abu Zeed for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Prime Minister Mustafa al-Kadhimi received a phone call from Iranian President Hassan Rouhani May 11 asking him to accelerate the procedures for reopening the border between the two countries for trade. "We are […]
