News On Iran & Its NeighboursIraqIran gives $1 billion in credit to Iraq

Iran gives $1 billion in credit to Iraq

-

AP: Iran has extended $1 billion in credits for reconstruction projects in Iraq, a senior official said Tuesday ahead of an international conference on stabilizing Iraq. Associated Press

By ALI AKBAR DAREINI

Associated Press Writer

TEHRAN, Iran (AP) – Iran has extended $1 billion in credits for reconstruction projects in Iraq, a senior official said Tuesday ahead of an international conference on stabilizing Iraq.

Ali Larijani, Iran’s top nuclear negotiator, said a committee of experts from both countries was discussing possible development projects, including some involving energy, the state-run news agency IRNA reported.

“We are prepared for implementation of economic projects in Iraq. For this purpose, we have allocated $1 billion in credit,” IRNA quoted Larijani as saying.

His comments came two days before Iran joins the United States, European powers and Arab countries at a conference in Egypt to discuss a plan for stabilizing Iraq.

Iran’s decision to participate has raised the possibility of a rare direct encounter between high-level U.S. and Iranian officials.

But Larijani, who spoke in the Iraqi holy Shiite city of Najaf, criticized the United States on Tuesday, accusing its former ambassador to Iraq of meeting with terrorists.

“We have information that the United States is holding talks with terrorists. The U.S. ambassador to Iraq talked to the leaders of these groups several months back,” he said, without providing details.

Zalmay Khalilzad, the former U.S. ambassador to Iraq, has acknowledged that U.S. and Iraqi officials talked to representatives of insurgent groups hoping to draw more Sunni groups away from al-Qaida. Current U.S. Ambassador Ryan Crocker said last month that U.S. authorities will not talk with “terrorists,” apparently distinguishing between al-Qaida in Iraq and Sunni insurgents opposed to the political process.

The U.S. has long accused Iran of providing weapons to insurgents in Iraq, a charge the country denies. Iran, a Shiite Muslim country with close ties to Iraq’s majority Shiite population, says it does not allow fighters to cross into Iraq, but it does not rule out that such people might cross the long border illegally.

Latest news

War and its Impact on Children’s Education in Iran

Repeated school closures during the war between the United States and Iran's regime have severely reduced the quality of...

Iran: Violent Transfer of Political Prisoners to the Notorious Ghezel Hesar Prison

On Monday, April 13, seven political prisoners held in Ward 7 of Evin Prison in Tehran were abruptly, violently,...

The German Government Will Not Receive the Son of Iran’s Last Shah

Following reports of Reza Pahlavi, the son of Iran’s last Shah Mohammad Reza Pahlavi, traveling to Germany to attend...

700,000 Jobs Lost in Iran as A Result of War

While the fate of the war in the region remains uncertain, reports from Iran indicate a suffocating livelihood crisis...

Iran: How Pahlavi’s Name Stole the January 2026 Uprising

In the biting cold of mid-January 2026, the air in Tehran’s Vali-e-Asr Square was thick with the scent of...

Escalating Executions in Iran Put EU Policy Under Scrutiny

A conference held at the European Parliament in Brussels on April 22, 2026, brought renewed attention to the escalating...

Must read

Iran seen attending G8 talks on Afghanistan

Reuters: Italy, current G8 president, formally invited Iran on...

Obama rebuffs Republican criticism on Iran: Time

AFP: President Barack Obama rejected criticism from Republicans over...

You might also likeRELATED
Recommended to you