Iran offers $1bn loan to Iraq

Posted on March 2, 2008 at 1:18 am.
Filed Under Politics |

Iraq iranIran is offering a $US1 billion loan to Iraq for projects to be handled by Iranian firms, an Iranian official said, two days before a landmark visit by Iran’s president to Baghdad. Mahmoud Ahmadinejad visit will be the first trip by an Iranian president since the 1979 Islamic revolution. Iran and Iraq fought an eight-year war in the 1980s.

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