Economy

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.

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 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.

Azeri deputy PM: Expanding ties with Iran on Baku’s agenda

Shahin Mostafayev, Deputy Prime Minister of the Republic of Azerbaijan has said expanding ties with Tehran in all areas is on Baku’s agenda.

Amir Abdollahian: Iranian companies ready to reconstruct Azerbaijan’s war-hit areas

Iranian Foreign Minister Hossein Amir Abdollahian  saysTehran is ready to help Azerbaijan reconstruct areas in Azeri territories affected by last year’s war between Azerbaijan and Armenia.

Iran-China trade at over $10bn in first 9 months of 2021

The volume of trade between Iran and China reached 10,425,000,000 dollars in the first nine months of 2021.

Iran MPs demand trial of officials implicated in gas case

253 Iranian lawmakers have sent a letter to Iran’s Judiciary chief to investigate a corruption case in a deal for exporting gas from Iran to the United Arab Emirates.

Iran’s Leader: Encouraging youth to leave country amounts to treason

Iran’s Leader Ayatollah Seyyed Ali Khamenei has urged Iranians against underestimating their abilities.

Iran: US sanctions damaging global law and multilateralism

Iranian Minister of Oil announced unilateral Washington sanctions against Tehran will damage global law and multilateralism, targeting livelihood of people. Javad Owji made the remark while addressing the 23rd Ministerial Meeting of the Gas Exporting Countries Forum (GECF) which was held virtually on Tuesday.

Iran renewable energy confab, expo to start next week

The 6th edition of Iran's International Renewable Energy Conference and Exhibition (Iran REC 2021) is scheduled to be held on November 20-21 in Tehran.

Iran exports to Afghanistan hits $1bn

Afghanistan’s Chamber of Commerce says the country’s imports from Iran have reached one billion dollars over the last 8 months.

‘South Korean has not freed up Iran’s frozen assets’

The chairman of the Iran-South Korea Joint Chamber of Commerce says Seoul has not released frozen Iranian assets despite reports alleging it has done so.

Biden: Supplies of petroleum sufficient to reduce purchase from Iran

US President Joe Biden says there are sufficient supplies of petroleum to allow a “significant reduction” in the amount purchased from Iran.

Armenian PM: Problem of Iranian trucks traveling to Yerevan solved

Armenian Prime Minister Niko Pashinyan has said Iranian trucks can use the Tatev-Aghvani alternative road to travel to the Republic of Azerbaijan without paying customs duties from now on. Pashinyan was speaking at a meeting of the Cabinet of Ministers on Thursday.

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