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Iran-UK trade jumps 17% in January-April
EconomyUnited Kingdom Department for International Trade has announced in its latest report that the value of trade between the country and Iran rose 17% in January-April compared with the same period in 2022.
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Iran, Qatar register 46% rise in FY 2022-23 trade value
EconomyIran’s trade with Qatar decreased by 14% in terms of weight but increased by 46% in terms of value in fiscal 2022-23 (ended March 20) compared with the previous year.
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50 foreign companies to attend ELECOMP 2023
EconomyAs many as 50 foreign companies are set to take part in the 26th International Exhibition of Electronics, Computers, and e-Commerce (ELECOMP 2023) scheduled to kick off tomorrow.
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Iran sees 8.8% growth in steel production in May 2023
EconomyWorld Steel Association has reported an 8.8% increase in Iran’s crude steel production in May 2023 compared with that of the preceding year.
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Iran, Saudi Arabia to expand flight network: Official
EconomyIran and Saudi Arabia have started negotiations on further developing the flight network between the two neighboring counties, the Head of Iran’s Civil Aviation Organization (CAO) has said.
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Iran to soon add newly-bought planes to its aviation fleet: Official
EconomyHead of the Civil Aviation Organization says a number of newly-bought planes will be added to the country's aviation fleet amid increasing travel demand this summer.
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Iran ramps up production of steel products
EconomyIranian steelmakers have ramped up production of steel ingots and other products during the first two months of the Iranian calendar year (March 21 to May 21, 2023), according to the Iranian Steel Producers Association (ISPA).
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Foreign investment in Iran grows 83% in 2.5 years
EconomyForeign Direct Investment (FDI) in Iran has grown by 83% to reach $6.51 billion since President Ebrahim Raisi took office in August 2021.
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Iran's oil exports hit 5-year highs: Reuters
EconomyIran's crude exports and oil output have hit new highs in 2023 despite US sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output, Reuters reported.
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Iran, Cuba ink six cooperation pacts
EconomyHigh-ranking officals of Iran and Cuba signed six cooperation pacts in the presence of the two countries' presidents.
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$3.6bn deal with Venezuela, turning point for Iran's trade with Latin America
EconomyThe Iranian deputy foreign minister for economic diplomacy has described the package of agreements signed between Iran and Venezuela, which has been valued at $3.6 billion, would be a new turning point for expansion of economic and political ties between the Islamic Republic of Iran and countries in Latin America.
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Iran chief banker in Qatar for financial talks
EconomyThe governor of the Central Bank of Iran (CBI) has arrived in Qatar to hold talks with officials in the Arab country on ways to boost banking and financial cooperation and amid signs that Iran is gaining access to funds that have remained blocked in other countries because of US sanctions.
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Iran, Venezuela sign several oil contracts
EconomyIran and Venezuela have signed several agreements to cooperate on the development of oilfields and revitalization of refineries and petrochemical plants, according to a report by the Iranian Oil Ministry.
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Germany imports oil from Iran despite US sanctions
EconomyData released by a European statistical center shows that Germany has imported a big shipment of oil from Iran for the first time in the past 5 years since 2018.
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Economic official:
Iran's exports to Venezuela increased by 416% last year
EconomyAn Iranian economic official with the industry ministry said that Iran's non-oil exports to Venezuela, with a 416% increase, reached nearly 118 million dollars last year in the Iranian calandar(March 21-2022-2023)
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Iran’s trade with neighbors rose 14.5% y/y in year to March
EconomyOfficial figures published by the Iranian finance ministry show that trade exchanges between the Islamic Republic and its neighboring countries rose by 14.5% in value terms in the last Iranian calendar year 1401 (March 21, 2022-March 20, 2023) compared to the year before.
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Turkiye imports near $900 mln of goods from Iran in 4 months
EconomyStatistics show that Turkiye has imported commodities worth $821 million from Iran during the first four months of 2023.
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Iran key player in global oil market: OPEC chief
EconomySecretary General of Organization of Petroleum Exporting Countries (OPEC) Haitham Al Ghais has said that Iran is a founding member of OPEC and a key player in the global oil market.
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'South Africa invites Iran FM to BRICS Summit 2023'
EconomySouth Africa has invited the Iranian Foreign Minister Hossein Amirabdollahian to attend an upcoming BRICS Summit in the country, according to Iran’s deputy foreign minister for economic diplomacy.
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Iran, Oman ink MoU to expand energy cooperation
EconomyIran and Oman have signed a memorandum of understanding (MoU) to jointly explore the Hengam oil and gas field in the Persian Gulf.
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Progress at Iran's Makran refinery project at 37% : Contractor
EconomyThe executive director of the Makran petrochemical refinery project says the construction of the key facility, which is located in southeast Iran, has made some 37% of progress.
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Iran, Iraq discuss boosting transportation cooperation
EconomyIran's deputy transport minister Shahriyar Afandizadeh in a meeting with his Iraqi counterpart conferred on expanding transport cooperation.
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Iran's export to Central Asia, Caucasus, Russia up by 18% in year to March
EconomyIran's exports to Central Asian states, the Caucasus, and Russia increased by 18% in the Iranian calendar year 1401 (ending on March 20) compared to the previous year, according to a senior official at Iran’s Trade Promotion Organization (TPO).
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Najafi Arab becomes new head of Tehran Chamber of Commerce
EconomyMahmoud Najafi Arab has been chosen as the new head of the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA).
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Iran’s chief banker urges ACU member states to trade in local currencies
EconomyGovernor of the Central Bank of Iran (CBI) has underlined the need for the member states of the Asian Clearing Union (ACU) to trade in their national currencies and other not commonly used currencies.
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Trade between Iran, EU at nearly €1.2 bn in March quarter: Eurostat
EconomyThe value of trade between Iran and the member states of the European Union (EU) has reached €1.18 bn in the first three months of 2023, according to data released by the European Union's statistics office Eurostat.
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Iran, Russia central banks stress using local currencies
EconomyThe governors of the Central Bank of the Islamic Republic of Iran and the Russian Federation emphasized strengthening trade exchanges and using the local currencies in bilateral trade.
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Iran, Indonesia to sign PTA to boost trade
EconomyMinistry of Trade of Indonesia has announced that Iran and Indonesia are planned to sign a preferential trade agreement (PTA) to develop bilateral trade ties.
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Listing over 700 coins and tokens in iranicard.ir cryptocurrency exchange
EconomyIran has historically been strict when it comes to cryptocurrency regulations, but with the emergence of Iran's largest OTC cryptocurrency exchange, traders in the country are now able to buy and sell digital assets easily and securely.
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China-Iran trade hits $5bn in Jan-April period
EconomyThe Customs of the People's Republic of China has announced that trade volume between China and Iran exceeded $5bn during the January-April period.