Thursday, February 29, 2024

Economy

Iran says beats sanctions, economic growth exceeds 6 percent

The Iranian economic and financial affairs minister says the country experienced a growth rate of over 6 percent in economy during the past year.

Envoy: Taliban invest $35mn in Iran’s Chabahar

The Taliban administration in Afghanistan has invested 35 million dollars in Iran’s southeastern port city of Chabahar on commercial, residential and administrative projects, the Iranian special envoy to Kabul announced.

IMF revises up economic growth projection for Iran in 2023

The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in Tehran’s oil output.

Russian economic delegation heading for Tehran: Iran ambassador

Iran’s ambassador to Moscow says a major Russian economic delegation is heading to Iran.

Official says Iran in talks with several countries to set up joint free zones

Secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojjatollah Abdolmaleki has said negotiations are underway between Tehran and 21 states to launch joint free zones.

Official says Iran’s trade with SCO states climbed 5.5%

Tehran’s international trade with the Shanghai Cooperation Organization (SCO) has increased to over $37 billion in the first 10 months of the current Iranian calendar year starting on March 21, 2023, an Iranian official has stated.

President Raisi says tourism industry can rid Iran of dependence on petrodollars

Iranian President Ebrahim Raisi has stressed the necessity to enhance the tourism industry to diversify the sources of national income and diminish the country’s reliance on oil.

IMF says Iran’s economy registered 5.4% growth last year

The International Monetary Fund (IMF) in its latest report put Iran’s economic growth in 2023 at 5.4 percent.

Iran, Turkey pledge to enhance bilateral trade following president Raisi’s visit

Tehran and Ankara have jointly declared their commitment to augmenting bilateral trade while also pledging collaborative efforts to achieve peace in West Asia.

Official: Iran’s non-oil exports hit $36bn

Iran’s non-oil exports have reached $36bn over the past nine months.

Official: Iran, Russia left SWIFT system

Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.

Iranian trade firm embroiled in $3bn fraud case on tea imports, said to be the largest embezzlement case

Probes by the General Inspection Organization of Iran indicate that “a certain company” that had received billions of dollars to import tea and machinery, sold the forex on free market at a higher exchange rate, marking “the largest fraud” in the country.

China says to boost global economy in cooperation with Iran

China’s ambassador to Iran says his country will contribute more heavily to the improvement of global economy through cooperation with Iran.

Iranian, Afghan officials stress on expansion of trade ties

Iran and its eastern neighbor Afghanistan say trade relations between the two countries have to expand.

Iranian Chamber of Commerce ready to set up joint chamber with Saudi Arabia 

The head of Iran’s Chamber of Commerce tells the Iranian consulate general in Jeddah that Tehran is ready to participate in the infrastructure projects of Saudi Arabia such as ports, railways and roads.

Official: Iran’s non-oil exports hit 54.6 billion dollars

The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.

Iran, Pakistan agree to streamline border operations at Mirjaveh crossing

Iran and Pakistan have struck a deal to facilitate road transportation and border operations to ensure timely clearance of goods in order to increase the daily traffic movements through the shared Mirjaveh-Taftan border crossing at least four-fold.

Iranian VP urges G77+China members to join hands, tackle challenges through technology

Iranian Vice President for Science, Technology and Knowledge-based Economy Rouhollah Dehghani, who is in the Cuban capital Havana to take part in the G77+China Summit, called on the nations of the global south for further cooperation to move beyond selling raw materials and resources by shifting towards digital economy.

Russia’s largest lender launches new service in Iran

Russia’s largest lender Sber is offering a new service that allows its clients to transfer money to Iran, the bank announced on Thursday.

Iran exported over 3mn metric tons of food products in 5 months: Report

Iran has exported more than three million metric tons of food products in the first five months of the current Iranian calendar year (March 21-August 22), which shows a 19% increase in value compared to the same period last year, according to a report.

Iran ex-diplomat: Economic development, military might should be in tandem

A former Iranian diplomat has warned government officials of the consequences of ignoring economic development at home while pushing for the defense and military agenda.

Iran FM urges final agreement with India over Chabahar Port

Iranian Foreign Minister Hossein Amirabdollahian has called for a final agreement with India for implementing the Chabahar Port project, in southeast of Iran.

Chinese ambassador: China and Iran at peak of their cooperation

China's ambassador to Iran says the two countries are at the peak of their cooperation, voicing hope that with the efforts of the Iranian and Chinese presidents, bilateral relations will improve more than ever.

Iranian FM to participate in economic commission in South Africa

Iranian Foreign Minister Hossein Amirabdollahian will leave Tehran for Pretoria, South Africa, later on Wednesday to take part in a joint economic commission scheduled to be held on Thursday after a three-year pause due to COVID-19 outbreak.

Iran after recovering payments owed by Bahrain too: Vice president

Iranian Vice President for Legal Affairs Mohammad Dehqan says the Islamic Republic is also pursuing the recovery of payments owed by Bahrain besides those of South Korea.

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