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New Delhi optimistic about securing 2nd Iran oil waiver: Indian envoy

Indian Ambassador to Iran Gaddam Dharmendra says a team from his country is currently negotiating with the US authorities to obtain another exemption to keep buying Iranian crude. He also talked about how India’s SPV is different from the European INSTEX.

Iran-India joint business forum

Indian Ambassador to Iran Gaddam Dharmendra, UCO Bank Chief Representative in Iran Sabeer Nazeem, Indian and Iranian tradesmen and women attend a joint Iran-India business forum, presided by Mohammad Reza Karbasi, Deputy Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in international affairs.

Indian SPV with Iran running since 6 months ago: Envoy

New Delhi says it knew that US President Donald Trump Administration would withdraw from the nuclear deal and reimpose sanctions. So, it started to put in place a Special Purpose Vehicle (SPV) to make sure its trade ties with Iran are secured.

INSTEX president in Iran to work out details

Per Fischer, the former German banker who has been appointed to run the European special payment channel INSTEX, has arrived in Iran in a bid to iron out the details of the financial scheme.

Baghdad invites Iranian private sector to invest in infrastructure, industry

Head of the Iraqi government says there are good opportunities for Iranian private sector investors to develop infrastructure and industrial projects. The remark came on day one of Iranian president Rouhani visit to the neighbouring country.

Iraq pays out part of debts for energy imports: Central Bank of Iran

Baghdad’s imports of gas and electricity from Iran equal four billion dollars however it’s not been able to pay the price due to financial restrictions caused by renewed US sanctions.

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Iraq-Iran joint business forum

Iran business delegation headed by Gholam Hossein Shafei, President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), attended a joint business forum between Iraq and Iran that was held in Baghdad on 11 March 2019. Iranian President Hassan Rouhani and Iraqi Prime Minister Adil Abdul-Mahdi were also present at the forum.

Iran, Iraq agree to build Shalamche-Basra railway, offer free visas

The agreements come on day one of Iranian President Hassan Rouhani’s state visit to Iraq. The railroad is expected to boost mutual trade between the two neighbours.

Iran private sector calls for special Iran, Iraq desks to boost trade

The proposal comes as a large number of Iranian businessmen and women have traveled to Iraq in a bid to explore business and investment opportunities in the western neighbour. The two countries are eyeing $20bn trade volume per year.

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ICCIMA calls for FTA with Iraq to upgrade trade volume to $20bn

President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam Hossein Shafei says a Free Trade Agreement with the western neighbour can elevate the annual bilateral trade volume to 20 billion dollars.