Iran to Invest $1 Billion in Iraq--Azzaman in English

[Gloria]

From the new World Media Watch up now at http://www.zianet.com/insightanalytical
Tomorrow at Buzzflash.com


1//Azzaman in English, Iraq March 2, 2006

http://www.azzaman.com/english/index.asp?fname=news\2006-03-02\206.htm



IRAN TO INVEST $1 BILLION IN IRAQ

By Muthana Aidan



Iraq has agreed to invest $1 billion to rehabilitate the country’s industrial sector, said Industry and Minerals Minister Abdulaziz al-Najafi in a statement.



The statement, obtained by Azzaman, said the money from Tehran will be invested in several industrial projects and Iraqi entrepreneurs were welcome to make use of it.


(SNIP)

It is the first such deal the ministry signs with a foreign country. Negotiations with other countries failed due to security reasons.



However, the Iranians have said they will proceed ahead with their investment despite mounting insecurity.



A team of Iranian industrial experts is due in Iraq to map out the sectors of mutual interest, the statement said.



(SNIP)



“The money is there. The companies willing to do the job are there. And above all the governments of the two countries are keen to see the projects implemented,” said Sami al-Araji, undersecretary of the Industry and Minerals Ministry.

[babylonsister]

1. I'm waiting for this headline: America OUT OF IRAQ!

I can't even figure out who is connected to who; if a Bush is involved in anything, there's a thread of money connected.
See Jeb and cruise ships.

[Fridays Child]

2. K & R. The freepturds need to see this. nt

[cliss]

3. OMG....what a thought.

...Iran and the United States.....


Business Partners.


As Condi's head explodes....

[Rex]

4. 280 billion 'invested' from America

1 billion from Iran. I wonder who actually gave more.