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Iran to launch train line between Tehran and Iraq


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Economy News - Baghdad

Iran's trade attaché in Iraq, Nasser Behzad, said on Thursday that an Iranian delegation of 10 ministries would arrive in Baghdad to discuss the main points of the joint agreement between the two countries.

Behzad said in an interview with "Economy News" that "next Sunday will see the arrival of the Undersecretary of the Ministry of Commerce and Industry of Iran led a delegation of 10 ministries to the Iranian capital Baghdad."

Bahzad added that "the delegation will discuss 8 axes of the joint agreement between the two countries."


Views 43   Date Added 18/07/2019

 
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July 21, 2019 18:42

Baghdad Hosts Economic Commission With Tehran

Baghdad Hosts Economic Commission With Tehran
Baghdad Hosts Economic Commission With Tehran
 

The Iraqi capital city, Baghdad, is hosting a joint meeting of Economic Cooperation Commission with Iran.

The two-day session opened on Sunday and will conclude on Monday.

According to Iran's Commercial Attaché to Iraq Nasser Behzad, the meeting is aimed at following up agreements reached between the two neighboring countries during President Hassan Rouhani’s visit to Baghdad in March, which was reciprocated by Iraqi Prime Minister Adel Abdul Mahdi’s trip to Tehran in April, Trade Promotion Organization of Iran reported.

Among the main topics discussed at the event are the two sides' intention to boost their annual bilateral trade to $20 billion (as agreed during Rouhani's March visit) and facilitate commercial interactions.

The two sides are also expected to review relations in the banking sector, customs affairs, joint investment, technical and engineering services, as well as transportation and transit.

 

 

Iraq: 2nd Biggest Destination for Iran's Non-Oil Exports

Based on data released by the Islamic Republic of Iran Customs Administration, 19.84 million tons of non-oil goods worth $9.01 billion were traded between Iran and Iraq in the last fiscal year (ended March 20, 2019) to register a 48.25% and 35.75% growth in tonnage and value respectively compared with the year before.

Iran exported 19.76 million tons of goods worth $8.96 billion to Iraq, up by 49.15% and 36.71% in tonnage and value respectively year-on-year.

Iraq was Iran’s second export destination worldwide, after China, during the 12-month period.

Iran’s exports to Iraq included liquefied natural gas, mineral oils, household cleaning detergents, low-density oils and tomatoes.

It imported 73,563 tons of commodities worth $58.69 million from Iraq, down 43.14% and 34.61% in tonnage and value respectively YOY, which mainly constituted low-density oil, machinery, aluminum alloy and cans.

Iraq was the 41st exporter to Iran in the world.

According to Minister of Industries, Mining and Trade Reza Rahmani, Iran was the biggest exporter to Iraq last year.

"This is the first time Iran tops the list of exporters to neighboring Iraq … We need to retain this status using our full potential, as our rivals Turkey and China trail closely behind the Islamic Republic," the minister was quoted as saying by IRNA.

With more than $1.93 billion, Iraq was also the biggest importer of Iran's mineral products last year.

According to data released by the Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, a total of 9.67 million tons of mineral products were exported from Iran to the neighboring country last year.

According to the co-chair of Iran-Iraq Chamber of Commerce, Hamid Hosseini, Iran's mineral exports to Iraq last year included non-precious metals worth a total of more than $1.13 billion, which experienced a 50% rise compared with the year before.

More specifically, the bulk of the exports included steel products worth more than $1 billion as well as copper products worth $71 million.

Earlier this month, Hosseini said Iran exported $2.5 billion worth of commodities and services to Iraq during the 100 days to July 1, registering an increase of 20% compared with last year’s corresponding period.

“In other words, an average of $250 million was exported to the neighboring country on a daily basis,” he added.

He provided statistics during Iran-Iraq Commercial Forum held at Iran Chamber of Commerce, Industries, Mines and Agriculture on July 6

President of Iran-Iraq Chamber of Commerce Yahya Al-e Es’haq, who was also present at the forum, said Iran’s bilateral trade with Iraq is tenfold higher than that with the whole Europe.

 

 

Tripartite Transportation Agreement With Iraq, Syria 

Syrian, Iran and Iraq reached an agreement earlier this month for cooperation in the transportation sector.

The minutes of the meeting were signed by Director General of the General Establishment of Syrian Railways Najib al-Fares, Iranian Deputy Minister and Chairman of Roads Maintenance and Transport Organization Shahram Adamnejad and Chairman of the Iraqi Roads Maintenance and Transport Organization and Director General of Technical Department, Ministry of Transport Imran Mousa in Tehran.

The minutes include forming a central committee for tripartite cooperation. Specialized work teams in all domains of transport will also be formed to help prepare the required technical study to carry out joint transportation projects, railroad in particular.

In a statement to SANA, Al-Fares said the rail networking project will help save time and achieve a safe and economical transport route that would reflect positively on the citizens in terms of time and cost.

During the signing of the minutes, Adamnejad said the goal of negotiations is to activate the Iranian-Iraqi-Syria load and transport corridor as part of a wider plan for reviving the Silk Road, as the three countries are experienced in international trade.

He underlined the necessity of facilitating the flow of trade and commodities among the three states, indicating that the efforts exerted by businessmen and investors will increase transactions among the three countries.

 

 

Shalamcheh-Basra Rail Project

Iran's Deputy Roads Minister Kheirollah Khademi, in a meeting attended by the heads of the railroads of Iran, Iraq and Syria in Tehran recently, said construction work on Shalamcheh-Basra rail project would begin within three months.

“We are ready to implement the project in Iraq, expecting the Iraqi government to allocate the intended land of the project to us,” he was quoted as saying by Mehr News Agency.

Khademi, who also heads the main infrastructure company in Iran’s transportation system, the Construction and Development of Transportation Infrastructures Company, added that following the signing of an agreement between Iran and Iraq, the contractor and investor of the 32-kilometer Shalamcheh-Basra Railroad have been designated.

He noted that the go-ahead for the construction of the $150-million rail project was only waiting for the Iraqi side to carry out its part of commitments, adding that Iran’s Mostazafan Foundation, with years of experience in construction activities, will be responsible for the funding and implementation of the entire project in Iran and Iraq.

Minister of Roads and Urban Development Mohammad Eslami considers the construction of Shalamcheh-Basra Railroad as the main priority of the ministry under his watch in the current Iranian year (ending March 19, 2020).

The launch of the 32-kilometer railroad boosts Iran's exports to Iraq and from this route to West Asian and North African countries.

In order to complete the Shalamcheh-Basra Railroad, the 17-kilometer Khorramshahr-Shalamcheh Railroad was completed in 2011 to connect Iranian railroads to the Iraqi city of Basra. 

With the start of the first tenure of Iran’s President Hassan Rouhani, the completion of Shalamcheh railroad to Basra was seriously considered by the government to facilitate the travel of Iranian pilgrims, especially during the Arbaeen pilgrimage season and travelers could use this rail link from Iran via Basra to Karbala and other holy cities of Iraq.

While Iraqi passenger and freight trains are using the rail link of Basra to Karbala, Iranian pilgrims have been travelling by train from Tehran to Shalamcheh and from there after a 32-km trip by bus to Basra and depart from Basra to Karbala by Iraqi train. 

The Iraqi side failed to build the railroad from Shalamcheh to Basra due to economic problems and a shortage of funds. 

To complete the rail project, according to an earlier agreement reached with the Iraqi authorities, Iran was about to build a 700-meter bridge on Arvandroud river until the railroad passes above the river and after 32 kilometers is connected to Basra’s Train Station. 

Iran's rail connection to Iraq will eventually be extended to Syria.

"We will connect the Persian Gulf from Iraq to Syria and the Mediterranean via railroad and road," Iran's First Vice President Es'haq Jahangiri said.

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2 hours ago, 6ly410 said:

During the signing of the minutes, Adamnejad said the goal of negotiations is to activate the Iranian-Iraqi-Syria load and transport corridor as part of a wider plan for reviving the Silk Road, as the three countries are experienced in international trade.

He underlined the necessity of facilitating the flow of trade and commodities among the three states, indicating that the efforts exerted by businessmen and investors will increase transactions among the three countries.

 

 

Shalamcheh-Basra Rail Project

 Iran's Deputy Roads Minister Kheirollah Khademi, in a meeting attended by the heads of the railroads of Iran, Iraq and Syria in Tehran recently, said construction work on Shalamcheh-Basra rail project would begin within three months.

“We are ready to implement the project in Iraq, expecting the Iraqi government to allocate the intended land of the project to us,” he was quoted as saying by Mehr News Agency.

Khademi, who also heads the main infrastructure company in Iran’s transportation system, the Construction and Development of Transportation Infrastructures Company, added that following the signing of an agreement between Iran and Iraq, the contractor and investor of the 32-kilometer Shalamcheh-Basra Railroad have been designated.

He noted that the go-ahead for the construction of the $150-million rail project was only waiting for the Iraqi side to carry out its part of commitments, adding that Iran’s Mostazafan Foundation, with years of experience in construction activities, will be responsible for the funding and implementation of the entire project in Iran and Iraq.

 

:backflip:   :backflip:   :backflip:

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

THEE Old, er, NEW Silk Road WITH a MEASLY STINKIN' 32 Kilometers OR 20 miles OF Rail Road TO HITCH UP THEE Muddle East WITHIN THEE Old, er, NEW Silk Road!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

INTERNATIONAL Commerce PASSING THROUGH Iraq ALONE OF, SAY, one (1) TRILLION USD per year WITH A 1% PASS THROUGH CUSTOMS IS 10 BILLION USD AND Equivalent TO NOMINALLY 10% OF Crude Oil Yearly Sales FOR THEE Bicraqi Iraqi!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

In The Mean Time.............................................................

 

GO Interantional Bicraqi Iraqi Dinar..................................

 

AND (of course).................................................................

 

The "Standard" "Disclaimer" Applies.................................

 

AND (of course)..................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

Edited by Synopsis
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1 hour ago, Synopsis said:

 

:backflip:   :backflip:   :backflip:

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

THEE Old, er, NEW Silk Road WITH a MEASLY STINKIN' 32 Kilometers OR 20 miles OF Rail Road TO HITCH UP THEE Muddle East WITHIN THEE Old, er, NEW Silk Road!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

INTERNATIONAL Commerce PASSING THROUGH Iraq ALONE OF, SAY, one (1) TRILLION USD per year WITH A 1% PASS THROUGH CUSTOMS IS 10 BILLION USD AND Equivalent TO NOMINALLY 10% OF Crude Oil Yearly Sales FOR THEE Bicraqi Iraqi!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

In The Mean Time.............................................................

 

GO Interantional Bicraqi Iraqi Dinar..................................

 

AND (of course).................................................................

 

The "Standard" "Disclaimer" Applies.................................

 

AND (of course)..................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

So this means we are close to the RV? :) 

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1 hour ago, Miamiheatnic said:

So this means we are close to the RV? :) 

 

:twothumbs: ALL Helps, MiamiHeatNic, AND The Very Best Of Your Up Coming Week To You!!! :tiphat:

 

THIS, in MY (NOTE: MY) opinion is the Old, er, NEW Silk Road is one (1) piece to the OVERALL mechanics for the Bicraqi Iraqi Dinar going INTERNATIONAL!!!

 

Go Moola Nova!

:pirateship:

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16387.jpg
Part of the Iraqi-Iranian coordination committee meeting.
  

 money and business


Economy News Baghdad

The Iranian trade attaché in Iraq, Nasser Bahzad, said on Monday that his country plans to raise trade with Iraq to 20 billion dollars until 2021, revealing that the Iranian Export Guarantee Fund to follow up payment of contractors' dues with the Iraqi side.

"The Iranian and Iraqi sides have agreed to sign a memorandum of cooperation, alternative to the agreement signed in 2015, in the field of international trade fairs to strengthen the relations between the two countries," Behzad said in an interview with Al-Iktissad News. He pointed out that "the Iranian side expressed its desire to invest in the field of building the central markets, provided that the General Company for Central Markets investment opportunities for the Iranian side."

"The Iranian export guarantee fund will continue to pay the dues of the Iranian contractors with the Iraqi side," he said, pointing out the two sides' emphasis on "developing banking cooperation with the national currency."

"The Iranian side wants to develop cooperation in the field of insurance through the formation of the joint Iraqi-Iranian insurance institution," he said.

Behzad said that "the two countries discussed ways to enhance cooperation in the field of planning and industrial and investment field, which is the rehabilitation and revitalization of the production line of Iranian cars in the site of Alexandria and the process of modification and construction in ports and sea docks and oil platforms and others."

"The Iranian side confirmed the issuance of long-term visas to businessmen and investors (not less than six months), and will sign a memorandum of understanding in this area between the Ministries of Foreign Affairs in both countries."

The two parties also stressed that "the need to support the private sector and the establishment of a joint transport company as well as the participation of the Iranian side in the reconstruction of liberated areas in cooperation with the Fund for the reconstruction of cities affected by terrorist operations."


Views 68   Date Added 07/22/2019

 
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16387.jpg
Part of the Iraqi-Iranian coordination committee meeting.
  

 money and business


Economy News Baghdad

The Iranian trade attaché in Iraq, Nasser Bahzad, said on Monday that his country plans to raise trade with Iraq to 20 billion dollars until 2021, revealing that the Iranian Export Guarantee Fund to follow up payment of contractors' dues with the Iraqi side.

"The Iranian and Iraqi sides have agreed to sign a memorandum of cooperation, alternative to the agreement signed in 2015, in the field of international trade fairs to strengthen the relations between the two countries," Behzad said in an interview with Al-Iktissad News. He pointed out that "the Iranian side expressed its desire to invest in the field of building the central markets, provided that the General Company for Central Markets investment opportunities for the Iranian side."

"The Iranian export guarantee fund will continue to pay the dues of the Iranian contractors with the Iraqi side," he said, pointing out the two sides' emphasis on "developing banking cooperation with the national currency."

"The Iranian side wants to develop cooperation in the field of insurance through the formation of the joint Iraqi-Iranian insurance institution," he said.

Behzad said that "the two countries discussed ways to enhance cooperation in the field of planning and industrial and investment field, which is the rehabilitation and revitalization of the production line of Iranian cars in the site of Alexandria and the process of modification and construction in ports and docks and oil platforms and others."

"The Iranian side confirmed the issuance of long-term visas to businessmen and investors (not less than six months), and will sign a memorandum of understanding in this area between the Ministries of Foreign Affairs in both countries."

The two parties also stressed that "the need to support the private sector and the establishment of a joint transport company as well as the participation of the Iranian side in the reconstruction of liberated areas in cooperation with the Fund for the reconstruction of cities affected by terrorist operations."


Views 172   Date Added 07/22/2019

 
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Editorial date: 2019/7/23 8:52 • 142 times read
Central Iranian: Achieving 20 billion dollars in trade with Iraq is not impossible
The head of the Central Bank of Iran, Abdul Nasser Hamati, said on Tuesday that targeting 20 billion dollars in dealing with Iraq through the development of economic relations and the participation of businessmen of the two countries is not impossible.
He Hemmati in a post via the Instagram site about his talks in Tehran with Assistant Prime Minister, Iraqi Finance Minister Fuad Hussein on Monday, on the sidelines of the talks between the delegations of senior Iraqi and Iranian level, we discussed with Assistant Prime Minister, Minister of Finance of the Iraqi economic and financial bilateral relations. " 
He stressed The head of the Central Bank of Iran, that "the development of financial cooperation between Iran and Iraq plays a key role in achieving the desired trade goals to reach the volume of 20 billion dollars in the field of trade between the two countries."
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Thanks for all of your posts as of late Yota691,  in what seems to be a busy period- with no immediate stop in sight - and thank you too Synopsis, for all of your comments and analytical interpretation , which help me understand  this clustrfuk of a situation...

 

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10 minutes ago, presence said:

and thank you too Synopsis, for all of your comments and analytical interpretation , which help me understand  this clustrfuk of a situation...

 

:twothumbs: You Are Welcome, Presence, AND The Very Best Of Your Week To You!!! :tiphat:

 

Just offering up my rationale for getting into THIS Speculative Bicraqi Iraqi Dinar Investment and tying into my perspective of current events with, potentially, necessary drivers like ELI The ICE Man (:lmao:   :lmao:   :lmao:)

 

There are quite a few astute AND understanding individuals I appreciate WITH VERY sound reasoning.

 

I am a !!!SUDDENLY!!! fan BECAUSE a Bicraqi Iraqi Dinar ReInstatement COULD BE manipulated and somewhat compromised in value OR somewhat corrupted IF predictable. MY (NOTE: MY) opinion is the Bicraqi Iraqi Dinar IS the currency of choice TO TURBOCHARGE THEE Old, er NEW Silk Road WITH PHENOMENAL TRADE VALUE ECLIPSING TIMES OF OLD DUE TO Iraq's location AND phenomenal resources ECLIPSING Crude Oil.

 

If I remember right, the Bicraqi Iraqi Dinar VALUE tanked EVEN FURTHER on May 22, 2003 when Former President George W. Bush signed EO 13303. So, I DO NOT THINK IMF SBA or ANY OTHER "criterion" FIT A SET SCHEDULE.

 

Also, The Minister Of Education HAD BEEN APPROVED BY THEE Bicraqi Iraqi GOI AND stepped down/was removed LATER. So, TECHNICALLY THEE Bicraqi Iraqi Cab'net HAS BEEN COMPLETED while the remaining Cab'net has YET to be REPLACED.

 

Of course, MY (NOTE: MY) opinion ONLY whereas the criterion brought forth by OTHER ASTUTE POSTERS HERE AT DinarVets COULD BE FAR MORE ACCURATE.

 

So, we wait AND see.

 

Post event, NONE of the pre event "ideas" ABOUT THEE Bicraqi Iraqi Dinar ReInstatement are going to matter ANYWAY!!!

 

:lmao:   :lmao:   :lmao:

 

Go MAGA!!!

 

Go True The United States Of America Patriot President Donald J Trump THROUGH 2024!!!

 

Go True The United States Of America Patriots FOREVER!!!

 

THANK YOU, THANK YOU, THANK YOU, To ALL The Red Rubymeisters For ALL The Red Ruby Citations As Badges Of Honor For ME For "Display Of Intellectual Speed And Power"!!!

 

:bravo:   :bravo:   :bravo:

 

Go Red Rubymeisters (ELSEWHERE!!!)!!!

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

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  • yota691 changed the title to Iraq, Iran sign agreement to develop trade cooperation
 
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Iraq and Iran signed an agreement to develop trade cooperation aimed at removing obstacles in this regard between the two countries.

"This agreement was signed last week during the visit of the head of Iran's Trade Development Organization and his accompanying delegation to Iraq, " Iran's trade advisor to Iraq , Nasser Behzad , said Thursday in a statement published by IRNA .

"According to the agreement, the creation of joint industrial cities for joint production and establishment of offices of the Export Guarantee Fund and facilitate the access of traders to visas and the establishment of industrial workshops and trade education and increase the number of Iranian exhibitions in Iraq and customs tariffs were agreed between the two countries." 

"A joint trade committee was formed to develop strategic plans for the development of economic relations and the first meeting was held in Baghdad under the chairmanship of the head of the Iranian Trade Development Organization Mohammad Reza Modudi and theDirector of External Relations at the Iraqi Ministry of Trade Adel Khudair Abbas, " he said.
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  • yota691 changed the title to Tehran and Baghdad agree to establish Iranian stock exchange in Iraq
 
15:28
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Follow - up / Tomorrow 's Press: 
struck Tehran and Baghdad on Monday, a memorandum of understanding included the establishment of an Iranian Commodity Exchange in Iraq, in order to increase trade exchange 

took place the signing ceremony in Tehran today between the head of the Iranian stock exchange organization, Shapour Mohammadi, the head of the Iraqi Securities Commission, Alaa Abdel Hussein al-Saadi, quoting the Iranian Fars agency.


According to Mohammedi, the memo, along with the establishment of a stock exchange, aims to launch mutual funds, without revealing more details. 

The official added that the unification of the legal system of the Iranian and Iraqi capital market is one of the items of the memorandum, which will be followed by a joint committee. 

For his part, the head of the Iraqi Securities Commission, told Fares: "With the conclusion of the agreement, the exchange of information and experience with Iran, will take place in a specialized and advanced."
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:(

 
2019/07/29 18:52
  • Number of readings 224
  • Section: Iraq
  •  
  •  

Despite US sanctions .. An Iranian stock exchange in Iraq

 

BAGHDAD (Reuters) - Iran and Baghdad signed a memorandum of understanding (MoU) on cooperation between the two countries, including the creation of an Iranian stock exchange in Iraq aimed at boosting bilateral trade, the Iranian media reported on Sunday (July 29th, 2019).

According to the media, the ceremony was signed in Tehran between the head of the Iranian Stock Exchange, Shabor Mohammadi, and the head of the Iraqi Securities Commission, Alaa Abdul Hussein al-Saadi. 

Mohammedi explained that the memorandum, together with the establishment of a stock exchange, aims to launch mutual funds, without revealing more details. 

The official added that the unification of the legal system of the Iranian and Iraqi capital market is one of the items of the memorandum, which will be followed by a joint committee.

Follow the obelisk 

http://almasalah.com/ar/news/175717/رغم-العقوبات-الامريكية-بورصة-إيرانية-في-العراق

 

 
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Wednesday، 31 July 2019 03:13 AM

Iran, Iraq to set up joint investment fund

image.png.16eca690f1a9f3f62cda76940ccf32b4.png

https://www.thebaghdadpost.com/en/Story/43158/Iran-Iraq-to-set-up-joint-investment-fund

 

Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a joint investment fund. 


The fund will be based on master-feeder fund model, according to the SEO News Agency. 


The MoU was signed in Tehran on Monday in a meeting  attended by the SEO board members, chairman of ISC, Alaa Abdulhussein Al-Saeidi, Iraq’s ambassador to Iran, Sa'ad Jawad Qandeel. 


A master-feeder structure is a device to pool capital raised from investors into a master fund. Investors put capital into their respective feeder funds, which ultimately invest assets into a centralized master fund. It is the master fund that actually invests in the market.

Edited by 6ly410
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  • yota691 changed the title to Iran to launch train line between Tehran and Iraq
 
9491.jpg
Iraqi and Iranian flag
  

 Arab and international


Economy News Baghdad

Iran's railways official Hossein Mehdi announced on Saturday plans to launch two trains between Tehran, Ankara, Tehran and Iraq in the near term.

"The inauguration of a tourist train with Iraq is on the agenda of the Iranian railway company," Mehdi was quoted by the Fars News Agency as saying. 

He added that "an Iranian company specialized in shipping and transport and in negotiations with the tourism offices, intends to launch a train to transport Iraqi tourists to several cities, including Qom and Mashhad."

On the Tehran-Ankara train line, Moussaoui stressed that "the train will soon be launched and will provide tourism services to the Turks as it passes through the cities of Isfahan, Mashhad and Shiraz as well."


Views 13   Date Added 03/08/2019

 
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Y'all here thinking you can trust Iran's leaders.

 

Right ? :)

 

I'm in a master-feeder investment group. 

 

It's actually a feasable concept for them if there's private funds available to avert Trump's sanctions. 

 

How corrupt are these two nations at this moment is the real question here if this news and the rial devalue is to be believed/played out between the two nations. 

 

 

Edited by justchecking123
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