Traditions of the Kyrgyz people were being formed with the help of economic, trade, domestic and other relations with kindred and other tribes that were closely related to the geography of their ha...

After the coup of 19 March 1953 in the socio-political history of Iran there were fundamental changes: the powers of parliament were limited and the absolute power of Mohammad Reza Shah Pahlavi was...

In the Middle East, Saudi Arabia and the Islamic Republic of Iran are two countries that claim to leadership in the region. With a powerful resources and political potential these countries are the...

Business & Economics, Iraq


Iran and Iraq have signed an agreement for the construction of a pipeline that will carry natural gas from Iran to feed power plants in the southern Iraqi province of Basra, PressTV reported.

Speaking at a press conference on Tuesday morning, Basra Governor Majeed al-Nasrawi stated that the pipeline project, which is expected to come on-stream by next summer, has been awarded to an Iranian company.

He further noted that the local government in Basra has even sought cooperation from Iranian companies to develop subway network in Basra, and construct railroad connecting Iran and Iraq.


In a development with serious international ramifications, the Iranian Revolutionary Guard Corps (IRGC) has detained an Indian ship carrying oil in the Persian Gulf, Times of India reported.

Sources said the ship, named MT Desh Shanti, was on its way to India from Iraq when it was detained by the IRGC.

The ship is owned by the Shipping Corporation of India. The development has stunned authorities here as it was transporting oil from Iraq, a country which has overtaken Iran as the second largest supplier of crude to India after Saudi Arabia.


Iran and Iraq will construct a joint industrial park near the Qasr-e Shirin border checkpoint in current solar year, which started on March 21, a representative of the Industrial Estates Corporation of the Kermanshah province said, Donya-e-eqtesad daily reported.

There are 917 approved projects on construction of industrial parks in Iran, with 703 of them ready for commissioning, he said.

The trade turnover between Iran and Iraq surpassed $6.35 billion in the last solar year, which ended on March 20, Iranian media reported.


Iranian giant carmaker Iran Khodro will establish a production line with the capacity of 30,000 units in the Iraqi city of Iskandariya by the next month, IRNA reported.

The production line will car parts in SKD method, IRNA quoted Iran Khodro deputy director for exports Abdolazim Sadian as saying.

In January, Nour Salem, a member of the Economy and Investment Committee in the Iraqi parliament, declared that this committee had suggested a ban on the import of Iranian-made cars, which have resulted in horrible car accidents due to manufacturing flaws.


Gas produced in the Kurdish autonomy of Iraq can be transported to Europe via the Trans-Adriatic Pipeline (TAP), the director of external relations of TAP Michael Hoffman said at a meeting with representatives of the Ministry of Energy of Turkey, Ankara agency announced on Tuesday.

According to Hoffman, TAP gas transportation from Russia or Iran is not being considered within the project.

"We are considering gas transportation from the Kurdish Autonomy of Iraq to Europe as plan B. When coming to gas from Russia or Iran, these options are not being considered," he said.


Iraqi Airways was set Wednesday to relaunch service to neighbouring Kuawit with its first flight there since 1990, said a senior official at the state-owned carrier, dpa reported.

Iraq's Saddam Hussein invaded Kuwait in August 1990 after an oil dispute, prompting an international military campaign that forced Iraqi troops out of the tiny Gulf emirates months later.

Saddam was toppled in a US-led incursion of Iraq in 2003.


Turkey refuses to construct a gas pipeline to Iraq's Kurdish Autonomous Region without the consent of the Iraqi central government, Aswat al-Iraq Agency quoted Iraqi Oil Minister Abdul Karim al-Luaibi said.

According to Luaibi, Ankara officially informed Iraqi authorities of its refusal of the project.

The pipeline was earlier proposed by the government of Iraqi Kurdistan.


Najaf airport in Iraq has suspended five Iranian airlines for debts, Alsumaria news reported.

The supervisory committee of the Najaf airport said that the Iranian airlines owe them about $9 million for various tariffs and airport services.

Head of the monitoring committee Faid Al-Shammari said that the flights were suspended after a conducted monitoring.

He added that the flights will be resumed as soon as the debts are fully paid.

Najaf airport in Iraq receives flights from Iran's Tehran and Masshad.


Turkey cannot remain indifferent to a blossoming energy market in Iraq's north and will not exert extra effort to coax parties who dislike this fact, Energy Minister Taner Yıldız said on Monday in one of the minister's most stern statements recently Today`s Zaman reported.


Iraq's economy should grow 9 percent this year as the OPEC nation's oil production expands and international reserves are expected at between $105-$110bn by the end of this year, a central bank official said on Friday.

Iraq has the world's fourth-largest oil reserves and is producing more than 3 million barrels of crude per day for the first time in three decades as its industry recovers from years of war and sanctions.