Monday, December 5, 2022

Economy

Raisi: Iran and Uzbekistan want to expand trade ties

Iran’s President Ebrahim Raisi says his administration’s top priority is to interact with neighbors and regional countries.

Official: Iran-ECO trade up 40 percent

The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.

Iran’s trade with SCO surges by 31%

The spokesman for Iran’s Customs Organization says the country's trade with members of the Shanghai Cooperation Organization in the first five months of the current Iranian year of 1401 was valued at 17 billion dollars.

Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future

An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”

Official: Iran’s 5-month trade with neighbors exceeds $20bn

Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.

Central bank chief: Iran, Russia using national currencies in trade

The head of the Central Bank of Iran (CBI) says Tehran and Moscow have already started using their national currencies in certain fields of trade and are set to de-dollarize other sectors of their commercial relations as well.

Economy minister: Iran’s oil income 5 times more than last year

Iran’s minister of economy and finance says the Islamic Republic’s oil income has increased five-fold compared to last year and eleven-fold compared to the year before despite unrelenting US-led sanctions, raising hopes that many of the economic hardships in the country will soon be tackled.

Minister: Iran, Russia start using national currencies in transactions

Iran's minister of industries, mining and trade says the country and Russia have started doing business in their national currencies, namely rial and ruble.

Iran, Russia sign automotive deals worth €700mn

Iranian and Russian car manufacturing companies have signed 12 cooperation deals worth 700 million euros on the sidelines of an international automobile exhibition in the Russian capital Moscow.

Iraq’s Kurdistan Region PM says local govt. open to closer economic cooperation with Iran

The prime minister of Iraq’s Kurdistan Region says the local government is prepared to increase economic cooperation with Iran, especially the neighboring Iranian province of West Azarbaijan.

Oil minister: Russia developing 7 oil, natural gas fields in Iran

Iran’s oil minister says Russia is leading the development projects of seven oil and natural gas fields in Iran and the two sides are negotiating on contracts for 14 other fields.

Official: Iran will start biggest exhibition presence in Moscow Monday

A spokesman for Iran’s Ministry of Industry, Mining and Commerce says the country’s biggest exhibition presence will kick off on Monday in Moscow.

‘Value of Iran-Iraq trade to reach $9bn mark by year end despite US sanctions’

The chairman of the Iran-Iraq Chamber of Commerce says the value of trade between Tehran and Baghdad will reach the 9-billion-dollar mark in seven months, despite the tough US economic sanctions in place against Iran.

Report reveals billion-dollar corruption in Iran’s steel factory

The Iranian parliament has released a scathing report involving a 3-billion-dollar corruption case in a mega-scale steel company’s management and financial transactions after a 19-month investigation.

Iran car industry eyes bigger share from Russian market

The Western sanctions on Russia over the conflict in Ukraine has provided a new opportunity for Iran’s automobile and auto parts industry to gain a firm foothold in its northern neighbor’s markets, an Iranian official says.

Pakistani official says Islamabad and Tehran close to signing free trade agreement

Iran and Pakistan are expected to sign a free trade agreement (FTA) within the next six months, a senior Pakistani government official has said.

Figures show 48% growth in foreign trade during 1st year of Raisi’s administration

During the first year of the 13th Iranian administration under President Raisi, the Islamic Republic’s foreign trade grew by an unprecedented 48%.

Iran’s roads minister in Pakistan for economic meeting

Iran’s minister of roads and urban development says the Islamic Republic and Pakistan are set to remove obstacles to expand their bilateral trade ties.

‘Iran-EU trade value up by 34% in first half of 2022’

New data show the value of trade exchanges between Iran and the European Union (EU) rose by 34 percent in the first half of this year, compared to same period in 2021, surpassing €2.5 billion.

Iranian official: 22% increase in exports to neighbors

The spokesman for Iran’s customs organization has said in the first four months of the Persian year of 1401, 27,035,000 tons of goods worth $16,871,873,000 have been traded between Iran and neighboring countries.

Iran reports 58% increase in transit of foreign goods

The spokesman for Iran’s customs organization says since President Ebrahim Raisi took office in late August 2021, 151,496mn tons of goods worth $101,820bn have been traded between Iran and foreign countries.

Iran’s non-oil foreign trade touches $9bn mark

Iran’s non-petroleum foreign trade rose 19% in the month ending July 22, 2022, standing at nearly $9 billion, says an Iranian official.

US sanctions reduce Iran-Japan trade by almost 80 percent: Ambassador

Japan’s Ambassador to Tehran Aikawa Kazutoshi says sanctions imposed by the United States have reduced bilateral trade between Tehran and Tokyo by almost 80 percent in the past several years.

Iran’s no-oil exports rise by 22% in first 4 months of this year

The Iranian government spokesman Ali Bahadori says Iran's no-oil exports in the first 4 months of the  Persian year 1401 hit 17 billion dollars.

Iran’s exports to China up by 31% in first half of 2022

Iran’s exports to China increased by 31% in the first half of the year 2022, with the trade volume between the two countries exceeding 8 billion dollars, according to the latest statistics published by China’s General Administration of Customs.

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