By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq ...
An Iranian official said the exports of natural gas to Iraq are growing steadily and ...
The Iranian defense minister called for the enhancement of military and defense cooperation with Iraq, ...
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author ...
The chairman of Iran-South Korea Joint Chamber of Commerce said following last year’s move by ...
By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]
An Iranian official said the exports of natural gas to Iraq are growing steadily and are expected to hit 40 million cubic meters a day in summer. Managing director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati told Tasnim that Iran’s gas exports to Iraq are constantly increasing and nearing a […]
The Iranian defense minister called for the enhancement of military and defense cooperation with Iraq, saying collaboration between the two neighbors would serve regional security and stability. In a meeting with a delegation of Iraqi military commanders, Brigadier General Amir Hatami said the common threats and opportunities necessitate closer consultations between Tehran and Baghdad for […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. The National Iranian Oil Company (NIOC) decided May 4 to open an economic representative office in Iraq. The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and […]
The chairman of Iran-South Korea Joint Chamber of Commerce said following last year’s move by the US to renew sanctions against the Islamic Republic, some Korean companies went bankrupt. Speaking to Tasnim, Hossein Tanhayee pointed to the 70 percent fall in bilateral trade between Iran and South Korea after the re-imposition of the US sanctions […]
By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project. (Source: Prensa Latina) (Picture credit: Christian Lindgren)
The Iranian president’s chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]
Iran’s Top General Unveils Plan for Air Defense Cooperation with Iraq Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri said Tehran and Baghdad have agreed to launch air defense cooperation to combat possible threats to Iran’s western border. Briefing reporters on the results of a meeting with his Iraqi counterpart […]
Iran and Pakistan are expected to finalize the draft of a free trade agreement (FTA) in forthcoming talks in Islamabad. A final draft of the free trade deal between Iran and Pakistan is expected to be hammered out in negotiations due to be held in Islamabad on April 22 and 23, the International News reported. […]
Iran is to witness inauguration of two petrochemical projects in the first half of the current Iranian calendar year which began on March 21, a petrochemical official said. According to the National Petrochemical Company (NPC), Ali Mohammad Bossaqzadeh said that Kaveh Methanol Plant would be one of the two projects which is currently undergoing its […]
Iraq has begun issuing entry visa for Iranians free of charge in a reciprocal move under a deal. Iranians travelling to Iraq can now obtain visa free of charge. The Iraqi cabinet of ministers said the decision that took effect on April 1 has been made as a reciprocal move which had been agreed upon […]
President Hassan Rouhani has called for Iran and neighbouring Iraq to expand their gas and electricity dealings and boost bilateral trade to $20 billion, state TV reported, despite difficulties caused by US sanctions against Tehran. “The plans to export electricity and gas and hopefully oil continue and we are ready to expand these contacts not […]
Iranian Minister of Petroleum Bijan Zangeneh issued a decree appointing Saeid Mohammad Zadeh as his deputy for engineering, research and technology affairs, replacing Habibollah Bitaraf. By entrusting Mr. Mohammad Zadeh with the post, Mr. Zangeneh delegated a number of tasks to his new research deputy including developing technological relations with universities and research centers in […]
Iran and Iraq have reached an understanding on the joint development of the Naft Shahr and Khorramshahr oilfields, Iranian Minister of Petroleum Bijan Zangeneh has announced. Speaking on Sunday, during a visit to the Energy Industries Engineering and Design (EIED), an affiliate to the Oil Industries’ Engineering and Construction (OIEC), the official said: “There are […]
By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. How this Blockchain Startup could help people Transform Traffic in Iran As the transportation industry continues to grow around the globe, traffic congestion remains as one of the most significant, largely unresolved issues of […]
Today, the US Secretary of State Mike Pompeo (pictured) has announced his intent to designate the Islamic Revolutionary Guard Corps (IRGC), including its Qods Force, as a Foreign Terrorist Organization (FTO) under section 219 of the Immigration and Nationality Act. This designation is a historic step to counter Iran-backed terrorism around the world. The IRGC […]
By John Lee. Finnish telecom equipment maker Nokia has said it may have to reduce its business in Iran due to the reimposition of US sanctions. In a statement to the markets, the company said: “We continuously monitor international developments and assess the appropriateness of our presence and business in various markets. “The US’ unilateral […]
By Omar al-Jaffal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Will Iraq lose its benefits from Shatt al-Arab River to Iran? Iranian President Hassan Rouhani visited Baghdad March 11 to endorse the two countries’ renewed commitment to the 1975 Algiers Agreement regarding the shared border […]
Iraqi Parliament Speaker Mohammed al-Halbusi said he hopes the United States will keep waiving sanctions on energy imports from neighboring Iran, noting that the Arab country will need to purchase electricity from the Islamic Republic for three years. In November last year, Washington granted a 45-day waiver on electricity to the Arab country and extended […]
By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of -1.6 percent for the year to the end of March 2019 in Iran, falling further to -3.8 percent next year: Economic growth in Iran continued to slowdown in the first quarter of 2018/19 (April-June) as […]