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Iraq

  • EghtesadOnline: Iran accounts for about a quarter of all exports to neighboring Iraq.

  • EghtesadOnline: The reopening of the Abu Kamal-Qaim border crossing between Syria and Iraq will reduce transit costs between Iran and Syria by 50%, says the co-chair of Iran-Syria Economic Commission, Kayvan Kashefi.

  • EghtesadOnline: Iran’s egg exports have ceased for more than a month now, says Nasser Nabipour, chairman of Tehran's Union of Producers of Egg-Laying Chicken’s board of directors.

  • EghtesadOnline: Parsian Bank, one of the leading private banks in Iran, is planning to open five more branches in Iraq, the CEO told members of the Iran-Iraq Joint Chamber of Commerce.

  • EghtesadOnline: Truck movement from the four border crossings of Chazzabeh and Shalamcheh in Khuzestan Province, Khosravi in Kermanshah Province and Mehran in Ilam Province will be banned from Oct. 9-25, concurrent with Arbaeen commemorations—one of the largest annual gatherings of Muslims in the world, which peaks on Oct. 19 this year.

  • EghtesadOnline: Thousands of Iranian pilgrims are getting ready to travel to Iraq in the coming weeks for the Arbaeen commemorations—one of the largest annual gatherings of Muslims in the world, which falls on Oct. 19 this year.

  • EghtesadOnline: Iraq will struggle to generate enough electricity unless it continues to use Iranian gas for three to four more years, the electricity minister said on Tuesday, resisting US pressure to stop the imports from its neighbor.

  • EghtesadOnline: OPEC oil output increased in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top exporter Saudi Arabia and losses caused by US sanctions on Iran, a Reuters survey found.

  • EghtesadOnline: The unilateral US sanctions on Iran have not affected relations between Iraq and Iran, as trade ties in key sectors between the two neighbors continue as usual, Iraq's ambassador to Tehran said.

  • EghtesadOnline: Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.