Source: Islamic Republic News Agency
Minister of Economy and Commerce Shamseddin Hosseini said Iran is ready to provide credit line for purchase of commodities and services to Egypt. Hosseini is accompanying President Mahmoud Ahmadinejad to Cairo for the 12th Summit meeting of the Organization of the Islamic Cooperation (OIC).
Referring to the improving ties between the two countries, he told IRNA that boosting joint economic cooperation was a prelude to closer bilateral relations.
He said the present volume of Iran-Egypt exchanges, standing at an annual dlrs 100 million, is not remarkable, stressing that given the big populations of the two countries the figure has to grow notably.
The minister reiterated that Cairo and Tehran had many capacities to further develop economic ties.
President Mahmoud Ahmadinejad holding a press conference in Cairo
No Visa required to enter Iran from Egypt: FM
Source: Mehr News Agency
Islamic Republic of Iran's Foreign Minister says Iran will allow Egyptian traders and tourists to enter Iran without a Visa.
On Thursday, Ali Akbar Salehi said in statements to the MNA correspondent in Egypt that within next few months, all Egyptian tourists and traders would be able to visit Islamic Republic of Iran without being required to have a Visa.
He said that this decision has been made in meetings with Egyptian officials in Cairo and in the framework of developing relations between two countries.
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