Middle East Economic Survey


No 49



Iran Pledges $1Bn Loan To Iraq

Following a visit to Iran last month, Iraqi President Jalal Talabani said Tehran had pledged to extend to Iraq a $1bn loan and to help with tackling insecurity. Mr Talabani also stressed the improvement in political and commercial ties between the two countries which fought a bitter war in 1980-88, and called on the two neighbors to seize on the historical moment to establish the best of relations....