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Iran Iraq

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, self-sufficient in power plant construction: MAPNA Group

The announcement comes after the giant heavy energy infrastructure said it had designed, developed, produced and supplied from A-Z all components of a very vital gas turbine, called MGT-40.

Energy

Iran opens new steel mill to up annual output by 250k tons

The new company, located in the west of Iran, is supposed to add to the country’s annual steel production, as well as export the crude product to the neighbouring countries of Iraq and Syria.

Mine and Industry

Tehran municipality eyes big infrastructure projects in Baghdad

The Iranian capital mayor has held talks with Baghdad officials in a bid to open door for his municipality to enter in construction of a metro in the Iraqi city as well as renovate its urban architecture and help manage residuals.

Society Economy

Iraq, Iran, Syria to accelerate preparation for transnational railway

Iran seeks to connect its Persian Gulf to the Mediterranean Sea through road and rail links that go through Iraq. The groundwork has been laid for the construction as Tehran has signed several agreements with Damascus and Baghdad.

Transportation

Iran to open trade offices in Iraq, Turkey, Lebanon, Syria

The plan is part of Iran’s wider approach to promote ties with regional countries. Western neighbours are now the country’s economic priority following the US sanctions.

Trade

Iran, Iraq solidify ties, explore ways to reach $20bn trade

Iraqi Prime Minister Adil Abdul-Mahdi chaired a joint business forum between Iran and Iraq that was held at the ICCIMA HQ in Tehran on Sunday. He believes there is a huge potential to reach the set target of 20 billion dollars in their annual trade volume.

Trade

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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