Iran Iraq

It is time for Iran’s export jump to Iraqi market: Businessman

Head of the chamber of commerce of western Iranian province of Kermanshah Keyvan Kashefi has underlined the need for Iran’s further presence in the Iraqi market.

Trade

Iran sees Iraqi market as chance for Arvand Free Zone’s development

Acting CEO of Arvand Free Zone organization Hossein Garousi said on Monday that the market of Iraq, as Iran’s biggest economic partner, is regarded as a chance for economic development and investment in this free zone in southwestern Iran.

Macro Economy

Some 8% of Iran’s exports to Iraqi Kurdistan reroutes to Syria: Businessman

A significant part of Iran’s exports shipments sent to neighboring Iraq ends up in Syria, says Keyvan Kashefi, who chairs the Iran-Syria Joint Chamber of Commerce.

Joint Chambers

Iraq to release $125m of frozen funds to Iran for vaccine purchase

The Iraqi government will free $125 million in debt to Iran to pay for Iran’s Covid-19 vaccine order, Iranian Energy Minister Reza Ardakanian said.

Society Economy

Iraq, top destination for Iranian goods among neighbors

Figures by the Iranian customs office (IRICA) show that Iraq has been the country’s top export destination in the calendar year to late March.

Trade

Iran extends border closure with Iraq for passengers

Iran-Iraq border points will be closed for passengers until April 4, Hossein Qasemi, director-general of border affairs of Iranian Interior Ministry, told IRNA news agency.

Society Economy

US gives green light for frozen Iranian funds to flow from Iraq

Iran has received some payments from its funds frozen by Iraqi banks, including the state-owned Trade Bank of Iraq, after agreement by Washington, Secretary General of the Iran-Iraq Joint Chamber of Commerce said.

Joint Chambers

Iran closes border with Iraq for passengers amid virus surge

Iran has imposed a ban on passenger travel through five of its border crossings into neighboring Iraq amid heightened fears about the spread of a mutated variant of coronavirus.

Society Economy

Iraqi Airways to resume flights to Iran

Iraqi Airways will resume flights from Najaf to Iran as restrictions on issuing flight permits to Iraqi airlines have been lifted, the spokesperson of the Civil Aviation Organization said.

Transportation

Iran, Iraq to set up joint courts for trade disputes

An agreement signed during the Iranian judiciary chief’s recent visit to Iraq entails setting up specialized courts with jurisdiction over economic and trade disputes involving the nationals of the two countries, an official said.

Trade