Iran offers Iraq $1 bln loan before Ahmadinejad visit


  • World
  • Saturday, 01 Mar 2008

TEHRAN (Reuters) - Iran is offering a $1 billion loan to Iraq for projects to be handled by Iranian firms, an Iranian official said on Friday, two days before a landmark visit by Iran's president to Baghdad.

Mahmoud Ahmadinejad will make the first trip by an Iranian president since the 1979 Islamic revolution, a visit analysts say will aim to tell the United States that Tehran is an influential player in its neighbour which cannot be ignored.

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