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Iran Iraq

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.

Trade

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.

Trade

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.

Trade

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.

Energy

Iraq has no alternative for Iranian energy imports: Minister

The Iraqi minister of energy says he is optimistic his country will get second US sanctions waivers as Baghdad has no other alternative sources to replace the Iranian gas and electricity.

Energy

Iraq not seeking to substitute Iranian gas, electricity: Ambassador

The Iraqi envoy to Iran says although there are substitutes for Iranian energy, Baghdad maintains committed to imports from Iran and that is lookig for alternative ways of doing so.

Energy

Kalleh Dairy vows to rebuild torched down factory in Iraq ‘from today’

The dairy, food and drink company says the blaze that brought the company down to ashes was intentional, saying it will restart construction in Karbala very rapidly in a bid not to lose the huge market in Iran’s western neighbour.

Trade

Iranian ministry, holding company sign deal to develop Shalamche-Basra railway in 2 years

The partnership deal means Iran starts the construction of the railroad that will pass over border river Arvand. Tehran says it will take 2 years to complete the project.

Transportation

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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