Middle East Economic Survey


No 30



Iran To Extend $1Bn Credit Line To Iraq

Iran has agreed to extend a $1bn credit facility to Iraq in order to boost the flow of Iranian exports, under a memorandum of understanding (MOU) signed on 17 July by the two countries, during the visit to Tehran of Iraqi Prime Minister Ibrahim Ja'fari at the head of a large delegation, which began on 16 July. During the visit also the two countries on 19 July signed a crude-for-products deal...