Iran Iraq

Iraq resists US pressure to cut down on Iranian gas imports

Iraq is one of the major Iranian gas clinets to feed its power plants that general electricity for millions of its inhabitants.


Iran, Iraq to open three border commercial centres

Tehran and Baghdad have been looking to augment their trade volume and consolidate their trade ties. New commercial centres will help strengthen local markets as well.


Iraq, Iran discuss ditching dollar to expand trade ties

Baghdad and Tehran are keen on expanding their commercial ties despite the US unilateral sanctions. Ditching dollar is one way to reach this goal.


Iran private sector sets eyes on Iraqi reconstruction market

Iran private sector says it has all the capacity to fully enter the Iraqi reconstruction market as the neighbouring country eyes foreign investment to rebuild itself.

Mine and Industry

Iran, Iraq to set up joint investment fund

Securities and Exchange Organization (SEO) of Iran and the Iraqi Securities Commission (ISC) signed a Memorandum of Understanding (MoU) to create a joint investment fund.

Financial Markets

Iran, Iraq can reach $20bn in annual trade volume: CBI

Central Bank of Iran (CBI) says reaching a 20-billion-dollar trade volume with Iraq is not a far-fetched objective as the two nations eye increasing their annual trade exchanges.


Iran, Iraq pledge to strengthen bilateral ties, focusing on economic exchanges

Iran and Iraq vowed on Monday to take further steps to develop their bilateral ties as the two neighbors eye closer regional cooperation in the wake of rising tensions in the region.


Iraq, Iran review agreements to bolster bilateral trade in Baghdad forum

he Iraqi capital city, Baghdad, is hosting a joint meeting of Economic Cooperation Commission with Iran. The two-day session opened on Sunday and will conclude on Monday.


Iraq sets up SPV to buy Iranian power in wake of US sanctions: Report

AFP is reporting that a dinar-based account in Trade Bank of Iraq is supposed to be used to pay for Iranian energy in return for Tehran’s humanitarian purchases.

Financial Markets

US grants energy-hungry Iraq new Iran sanctions waiver: Reports

According to reports, Washington has given Baghdad a 90-day sanctions waivers to keep buying Iranian gas and electricity to meet summertime peaks of demand.