Being one of the largest oil and LNG importer, India is looking at other countries to fulfill its demands.
Being one of the largest oil and LNG importer, India is looking at other countries to fulfill its demands. Soon, Minister of Petroleum and Natural Gas Dharmendra Pradhan will be visiting Iraq to explore possibilities for increasing imports from that country. Fear of political unrest and lack of direct sea route, Indian businesses have kept away from Iraq since 2002.
With the country limping back to normalcy, the bilateral trade between the two countries touching $ 19bn between 2017-18, Indian companies could play a major role in Iraq’s economy by joining various projects in infrastructure and commodities.
TEHRAN (Tasnim) – An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the Arab country, an official said.
According to Chairman of Iranian Private Banks Institute Koorosh Parvizian, the Iranian private bank has already opened two of the seven branches in Iraq.
He noted that opening of the new banks in the Arab country are part of plans to support Iran’s exports to the Iraqi market.
Every new branch of the Iranian private bank has a capital of $50 million, Parvizian added.
ERBIL, Kurdistan Region — Iraq’s Prime Minister Adil Abdul-Mahdi concluded his five-day trip to China with the signing of eight broad-ranging agreements on Monday in a bid to diversify ties between the two countries.
Abdul-Mahdi was heading a delegation consisting of, among others, Iraqi ministers and provincial governors.
On the fifth day of the visit, the Iraqi PM met with the Chinese President Xi Jinping and the Premiere of the State Council Li Keqiang. In the meeting, the two sides signed agreements in a variety of fields, including finance, trade, security, construction, communications, culture, education, and foreign affairs, according to a readout from the Iraqi PM’s office.
September (BelTA) – Belarusian Minister of Foreign Affairs Vladimir Makei met with Senior Undersecretary of the Ministry of Foreign Affairs of Iraq Nizar Al-Khairalla, who is in Belarus on a working trip, the press service of the Belarusian Ministry of Foreign Affairs told BelTA. The sides exchanged opinions about topical items on the international agenda and the situation in the Middle East. Vladimir Makei underlined Belarus' commitment to principles of international law and the importance of promoting peaceful initiatives and a political dialogue for the sake of stabilizing the situation and restoring peace in the region.