Saturday, July 2, 2022

Economy

Iranian official: Neighbors accounted for 51 percent of Iran’s total exports

The Iranian Customs Organization’s spokesman has said non-oil trade between the country and neighbors in the first quarter of this Persian year was $12.36bn. Seyyed Ruhollah Latifi added that neighbors accounted for 51 percent of Iran’s total exports.

China, Russia welcome Iran’s application to join BRICS club

China and Russia have voiced support for an application filed by Iran — which is home to one of the world’s largest oil and natural gas reserves — to become a member of the BRICS alliance of emerging economic powers.

Iran to roll out pilot version of Crypto-Rial digital currency soon

Iran says it is preparing to roll out a pilot version of its first Central Bank Digital Currency (CBDC), named Crypto-Rial, in around two months, in a development that could transform the country’s financial canvas.

As reliable partner, Iran can link BRICS to major energy routes: Raisi

President Ebrahim Raisi expresses Iran’s readiness to share all of its capabilities and capacities with the BRICS states to help the five emerging economic powers achieve their objectives, saying Iran, as a reliable partner, can connect them to the world’s main energy routes.

Source: UK mulling restoration of trade ties with Iran

A spokesperson for the British Prime Minister Boris Johnson’s office has revealed that the UK is weighing mechanisms to facilitate restoration of trade ties with Iran.

Daily critical of soaring prices of goods in Iran

An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.

Report: Iran registers highest monthly inflation figure since 1979

Iran’s monthly inflation has hit a four-decade record high of 12.2 percent over the Persian calendar month of Khordad – May 22 to June 21.

Iran’s foreign trade hits $25.5bn in the first quarter

Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.

Iranians remain among top purchasers of home in Turkey

Latest figures from Turkey’s Statistics Office show Iranians remain among the top purchasers of residential buildings in the country.

‘Value of Iran-Turkey trade rose by 38% in 1st four months of 2022’

Official data show the value of trade between Iran and Turkey increased by 38 percent to $2.1 billion in the first four months of 2022, up from $1.5 billion during the same period a year earlier.

Iran, Turkmenistan agree to establish a joint trade center

Iran and Turkmenistan have agreed to establish a joint Trade center aimed at facilitating economic ties between the two neighboring countries.

Paper: Iran on verge of importing gasoline

The current trend of fuel consumption in Iran will leave the government with no choice but to import gasoline to meet domestic needs, an Iranian newspaper says.

Iranian official says visas to be probably lifted for Russian businessmen

The Iranian foreign ministry’s deputy for economic diplomacy has described relations with Russia as strategic calling for a focus on energy, trade and transit sectors to build on a surge in ties which he says saw a jump over the past months.

Business owners in Tehran, Arak rally against tax rise plan

A group of home appliance shop owners hold a protest in downtown Tehran against a plan by the Iranian Ministry of Finance to levy tax on their banking transactions.

Iranian economists warn about consequences of government policies

Dozens of Iranian economists, in an open letter addressed to the government, have expressed concern about the current social and economic situation in the country saying public worries about their livelihoods and businesses have reached a point of explosion.

Iran police arrest principals driving illegal futures forex, gold trades

Iran’s police say they have arrested 31 principals pulling the string of futures foreign currency and gold trade, as the Iranian rial’s exchange rate against the US dollar hits historical lows, driving a gold price surge.

Iran delivers another oil tanker to Venezuela

Iran has delivered another oil tanker to Venezuela during a ceremony in which the presidents of the two countries participated from Tehran via video conference. The delivery ceremony was held in the Persian Gulf.

Tehran says Iran-Nigeria trade up by 300%

Iranian Trade Minister says the value of bilateral trade between Iran and Nigeria has witnessed a 300% growth over the last 9 months of the past Persian Calendar year (ended on March 20).

Iran sees leap in foreign trade amid US sanctions

Iran foresees a leap in its foreign trade this year without worrying about the effects of the US sanctions which have been a drag...

Iran, Qatar ink MoU to form joint trade council

Iran and Qatar signed a memorandum of understanding to form a joint trade council which held its first session in Doha on Monday.

Ministry: Iran selling over one million barrels of oil a day

Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.

Iran, Afghanistan seek to boost trade ties

An Iranian delegation has traveled to Afghanistan’s eastern Khost Province for talks with Afghan officials to step up trade ties between the two neighboring countries.

Daily to Raisi administration: Prove that you’re efficient

An Iranian daily has taken a swipe at the administration of President Ebrahim Raisi for failing to tackle the spiraling food prices.

Iran, Russia discuss fight against money-laundering

Tehran and Moscow have discussed ways of tackling money laundering amid joint efforts between the two countries to minimize the impacts of foreign sanctions on their banking and financial sectors.

Iran’s non-oil exports rise by 30 percent despite bans

Figures released by Iran’s customs organization show that non-oil exports by the country leaped by 30 percent in the first two months of the Persian year of 1401.

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