Iran + Qatar bolster economic ties: Iran’s Energy Minister Abbas Ali-Abadi and Qatar’s Commerce and Industry minister Faisal Al Thani inked a comprehensive agreement that aims to boost cooperation in trade, energy, and infrastructure, Tehran Times reported on Friday. The cooperation agreement aims to garner as much as USD 1 bn worth of investments annually

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What we know: The agreement aims to increase bilateral trade up from the current USD 200 mn to as much as USD 1 bn. Both parties will also collaborate on a 200 km undersea power line project that will connect Iran and Qatar’s electricity networks.

OTHER DIPLOMACY NEWS-

  • Iraq + India to enhance trade: Iraq’s Erbil Chamber of Commerce has inked an MoU with India’s Trade Promotion Council to boost their trade relations in mutually beneficial fields and foster investments in Kurdistan.(Statement)
  • Bahrain + China discuss transportation: Bahrain’s Transport Ministry and Hong Kong discussed expanding economic ties and investment avenues to enhance infrastructure and logistics services in land, air, and maritime transportation. (Bahrain News Agency)
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