Economy

Iran knowledge-based ecosystem capable of making inroads in export markets

Iran’s Vice President for Technological and Scientific Affairs Sorena Sattari has said domestic sanctions are a bigger obstacle than foreign bans, adding that each new license is a hurdle to the production, export and development of knowledge-based products.

Iranian, Turkmen presidents talk bilateral ties

The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.

“Govt. budget pushes economy to brink, raises pressure on people”

Iran’s government has been warned that the next year’s budget’s almost 73% increase in income from tax and customs duties push the economy to the brink of recession and puts further pressure on the livelihood of people.

Iran envisages exporting 1.2m barrels of crude daily

Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day.

Raisi urges focus on domestic potential as he presents budget bill to MPs

Iranian President Seyyed Ebrahim Rasisi says the next year’s budget will concentrate on promoting production and jobs, calling for a focus on domestic potential.

“Iraq pays part of $7bn debt to Iran”

The head of the Iran-Iraq Joint Chamber of Commerce says part of Iraq’s $7 billion debt have been received from Baghdad.

“Good news on the way about neutralization of sanctions”

Iranian Foreign Ministry spokesman Saeed Khatibzadeh says some good news is on the way regarding neutralizing anti-Iran sanctions.

Iran says UK discussing how to repay £400m debt

UK government officials were in Tehran last week discussing legal ways to pay Britain’s historical £400m debt to Iran, the Iranian ambassador to London has said.

Five arrested in Iran for destabilizing foreign exchange market

Iran's Intelligence Ministry has arrested five persons accused of destabilizing the country's foreign exchange market.

Billions of dollars in frozen Iranian assets unlocked

Iran’s Deputy Foreign Minister for Economic Diplomacy has said 3.5 billion dollars in frozen Iranian assets was recently unlocked. Mehdi Safari noted that Iran has held positive talks with countries where Iranian assets are frozen.

Iran MP: Oil sales considerably increased in recent months

A member of the Presiding Board of the Iranian Parliament’s Energy Commission said Iran's oil exports have increased significantly, citing reports from international institutions and oil tanker tracking companies.

Iran, Azerbaijan Republic to build border road bridge

Iran and the Republic of Azerbaijan have reached an agreement to construct a road bridge on the Astarachay River on their border.

Iran’s Guardian Council rejects parliament bill on car imports

A spokesman for Iran’s Guardian Council has said in a tweet that the body has rejected a parliamentary bill to allow car imports.

Raisi calls for expansion of economic ties with Venezuela

Iran’s President Ebrahim Raisi has described relations with Venezuela as strategic during a phone conversation with the country’s president Nicolas Maduro.

Trade activity resumes at Iran-Afghanistan border crossing

An Iranian customs spokesman says after the normalization of the situation at the Malik border in Sistan and Baluchestan province, commercial activity has resumed at this crossing between Iran and Afghanistan.

Iran allocates export guarantee funding for trade with Syria

The Trade Promotion Organization of Iran says 50 million dollars have been allocated to Iranian companies that seek to export their products to Syria.

Iran’s negotiating team in Vienna comprised of seasoned experts

The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).

Pakistani president: Unilateral sanctions threaten regional security

Pakistan’s President Aref Alavi has said unilateral sanctions have serious ramifications for peace and security in the region

Iranian president back home after ECO summit

Iran’s President Seyyed Ebrahim Raisi says Tehran’s main achievement in the ECO summit is the expansion of trade ties with other countries.

Iran, Azerbaijan and Turkmenistan sign gas swap deal

Iran, the Republic of Azerbaijan and Turkmenistan sign a trilateral gas swap deal.

NIOC’s CEO: Iran oil output to reach pre-sanctions level

The CEO of the National Iranian Oil Company has said efforts are under way to restore Iran’s daily crude output to the pre-sanctions level, that is, 4 million barrels per day.

Envoy: Iran seeks normalizing trade ties with Europe

Iran's Ambassador to Germany Mahmoud Farazandeh says Tehran continues to normalize trade relations with European nations.

Raisi calls for an end to vast salaries of some government officials

Iranian President Ebrahim Raisi has called for end to what is known in Iran as “astronomical salaries” among some government officials.

Iran urges ECO to remove trade barriers among members

Iranian President Ebrahim Raisi has called on the Economic Cooperation Organization (ECO) to remove the obstacles to trade exchanges among its member states.

Iran police bust illegal crypto trade network

Iranian police have dismantled an organized network of Cryptocurrency traders for disruption of the economic system of the country.

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