Sunday, January 16, 2022



Ministry: Iran’s rail transit highest in 10 years

The Iranian Roads and Urban Development’s report on nine-month rail transit indicates that the sector has recorded the highest increase over the past 10 years.

Central Bank Chief: Iran inflation down 17%, economic growth likely 8%

The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,

Iranian delegation to visit Iraq to boost trade ties

A delegation of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is scheduled to head to Iraq Sunday.

Iran minister: Economic deals with China to be finalized soon

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi on Saturday announced that the country’s economic contracts with China will be finalized soon.

Oil minister promises good news on Iran-Russia energy cooperation

Iranian Oil Minister Javad Owji on Saturday said Tehran and Moscow have held talks on bilateral cooperation in different areas of the economic sector, promising good news on the two countries’ cooperation in the energy sector.

Official: Smuggled Iran fuel fetches UAE over $20bn annually

An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.

‘Iran, Syria discussed activating strategic economic cooperation deal’

The Syrian economy minister says he recently exchanged views with Iran’s minister of roads and urban development on ways to operationalize the long-term strategic economic cooperation deal inked in 2019.

Iran’s annual non-oil exports expected to touch $46bn

The Islamic Republic of Iran Customs Administration (IRICA) predicted the country’s annual non-oil exports would amount to $46 billion in about two months.

Iran opens first extra heavy crude oil refinery on key Qeshm Island

Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.

Ali-Asgari dismisses resignation from Persian Gulf holding as ‘fake’

Despite widespread criticism, Abdolali Ali-Asgari has denied media reports on his resignation as the managing director of a giant Iranian petrochemical company.

Minister: Iran, Syria to establish joint free zone

Iran’s roads and urban development minister on Thursday said Tehran and Damascus reached an agreement to establish a joint free zone.

Iran’s nine-month trade with neighbors tops $36.8bn, up 42%

Iran’s trade with its 15 neighboring states in the first nine months of the Iranian calendar year (starting March 21, 2021) witnessed a 42 percent growth in terms of value in comparison with the figure of its corresponding period in the previous year, said the head of the Islamic Republic of Iran Customs Administration (IRICA) on Thursday.

Iran’s nine-month exports to Syria up 90%

The head of Iran-Syria Joint Chamber of Commerce on Wednesday announced a 90 percent growth in Iran’s exports to Syria during the nine months to December 2021.

China’s Iran oil imports hit record high despite US bans

China's imports of crude oil from Iran last year hit a record high since the US re-imposed sanctions on Tehran in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reported.

Iran parliament approves generalities of next year’s budget bill

The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.

Iran govt. berates MPs for “being irresponsible” toward national economy

An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.

Bagheri: South Korea obliged to release Iran’s assets

Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money

Raisi: Expanding Tehran-Yerevan economic cooperation will enhance regional security

Iranian President Ebrahim Raisi has stressed the importance of boosting trade and economic exchanges between the Islamic Republic and Armenia.

‘Tehran-Beijing partnership pact facilitated Iran SCO membership’

The head of the Iran-China Chamber of Commerce says the signing of the Tehran-Beijing cooperation document shows Iran has global trade partners.

Iran begins natural gas swap with Turkmenistan, Azerbaijan Republic

Iran’s Oil Ministry says the country has begun natural gas swap with Turkmenistan and the Azerbaijan Republic as part of a trilateral agreement recently signed between the three sides.

Figures show growth in Iran exports to Iraq via Mehran border

An Iranian official has announced the export of 207,000 tons of various agricultural products (summer crops) worth $63 million via the Mehran border crossing to Iraq.

Raisi: No plans to raise gasoline prices

Raisi: No plans to raise gasoline prices

Situation back to normal at Iran-Turkey border crossing

The spokesman for Iran’s Customs Organization says the situation has returned to normal at the Bazargan crossing on Iran’s border with Turkey.

Iran petrochemical exports expected to rise to $14bn by year end

Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.

Official: Iraqi debt to Iran stands at $5-7bn

An Iranian business official says that neighboring Iraq’s debt to Iran stands at between 5 to 7 billion dollars, and that there is no obstacle in Baghdad’s debt clearance process, despite certain claims to the contrary.

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