The latest news on Iran – Iraq business – gas, oil & electricity Industries & more – brought to you by Iraq Business News
By John Lee. The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran. CNBC quotes a senior State Department official as saying on condition of anonymity: "While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions […]
Iran’s Minister of Industry, Mine and Trade Reza Rahmani said Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within the next two years. Speaking at a TV program on Wednesday, Rahmani stressed the need to exploit the potential of Iran and Iraq for […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi officials stress need to boost Arab ties while balancing relations with Iran The Iraqi city of Sulaimaniyah hosted the sixth-annual Sulaimaniyah Forum on March 6-7, where discussions focused on Iraq’s strategic significance in […]
Iran and Iraq signed five deals to promote cooperation in various fields on the first day of Iranian President Hassan Rouhani’s trip to Baghdad. In a meeting co-chaired by Rouhani and Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad on Monday evening, top officials from the two countries signed five memoranda of understanding. The documents […]
The president of Iran voiced the country’s readiness to expand trade ties with Iraq and increase exports to the neighboring state. "We are ready to have our tradespeople more active in Iraq and supply the required goods so that we can reach a good balance," Iranian President Hassan Rouhani said at the Economic-Trade Forum of […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iranian President Hassan Rouhani arrived in Baghdad on March 11 amid his government's efforts to expand ties with Iraq to reduce the impact of US sanction on Iran's economy. Prior to departing Tehran, Rouhani remarked, “[Iran's ties with Iraq] […]
The Secretary of Iran-Iraq Chamber of Commerce said the obstacles to banking interaction between the two neighbors have been settled and the bilateral trade exchange is fairly normal. In comments at a televised program on Sunday night, Hamid Hosseini said the problems with banking relations between Iran and Iraq have been resolved and the process […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. How will US sanctions affect Iran-Iraq economic relations? The Trump administration is giving Iraq a few more months to continue buying oil and electricity from neighbouring Iran before the United States enforces sanctions […]
By John Lee. Iran's President Hassan Rouhani arrived in Iraq on Monday as the head of a high-ranking political and economic delegation at the official invitation of the President and Prime Minister of Iraq. Barham Salih, President of Iraq, officially welcomed President Rouhani at Baghdad’s as-Salam Palace. Dr Rouhani will have meetings with the President […]
Iranian President Hassan Rouhani will travel to Iraq on March 11 for an official visit. Heading a high-ranking delegation, the Iranian president will be visiting the Arab country at the official invitation of Baghdad. It will be Rouhani’s first official visit to Iraq during his tenure. On Monday, Iranian Deputy Foreign Minister Abbas Araqchi met […]
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. Iran questions Iraq's promise to import oil despite sanctions Iran and Iraq have quite different views of their relationship status, with Tehran claiming it's been jilted and Baghdad declaring it's […]
Head of Iran’s Cultural Heritage, Handicrafts and Tourism Organization (ICHTO) Ali Asghar Mounesan said removing visa restrictions on travels between Iran and Iraq could serve the interests of both nations. Speaking at a meeting with Iraq's Culture and Tourism Minister Abdul Amir al-Hamdani, Mounesan, also a vice-president, praised bilateral relations between Tehran and Baghdad as […]
