Tehran always seeks to remove the possible misunderstandings between the two states through talks and based on the 1971 Memorandum of Understanding, Iran’s envoy to the Inter-Parliamentary Union meeting in Indonesia said following allegations raised by the UAE’s representative about Iran’s three Persian Gulf islands.

Iran’s Foreign Minister Manouchehr Mottaki , in a meeting with his Omani counterpart Yusef bin Alavi, stressed the need for the two countries to utilize their potentials in a bid to promote mutual trade and economic cooperation.

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