Economy

Iran ready to cooperate with Singapore in security, counter-terrorism, narcotics

As part of his meetings on the sidelines of the United Nations General Assembly in New York, Iranian Foreign Minister Hossein Amirabdollahian has held talks with his counterpart from Singapore Vivian Balakrishnan. The two sides discussed bilateral issues especially trade and economic cooperation.

Iranians Set Record of Purchasing Houses in Turkey

Turkey’s statistics center says Iranians bought 911 housing units in the country in August, which it said is an all-time monthly record for such purchases.

Iran to boost oil refining capacity

Iran’s Oil Minister Javad Owji has announced that the country is planning to boost its petroleum refining capacity over the next four years.

Iran to increase nuclear electricity generation capacity to 8MG

The head of the Atomic Energy Organization of Iran (AEOI) says the nation’s nuclear electricity production capacity should reach 8 megawatts in the short term.

Iran’s exports to Iraq rises by 31%

An Iranian customs spokesman has said Iran's exports to Iraq in the first five months of this year increased by 31 percent compared to the same period last year.

Iranians mine $1 billion Bitcoins annually

Iran’s Parliament says Iranians mine one billion dollars in cryptocurrencies per annum.

Makran Coasts Can Turn Iran into Extra-Regional Power

Iran has long sought to use the potential of its strategic southern coastal region of Mokran along the Sea of Oman to expand its oil and petrochemicals sector, diversify its outlets for key crude petroleum exports, which have been concentrated in the Persian Gulf region, and increase its strategic clout.

Raisi says will not allow excessive import of home appliances

Iranian President Seyyed Ebrahim Raisi says his administration prioritizes domestic production and will not allow excessive imports.

Iran workers call for a ban on foreign-made home appliances

Tens of thousands of Iranians working at home appliance manufacturing companies have signed a petition, calling for a ban on imports of foreign products.

Raisi calls for leap in Iran’s non-oil exports

Iranian President Seyyed Ebrahim Raisi has called for a leap in the country’s non-oil exports.

Iran Records a Trade Surplus of $1.2bn Last Month, China largest client

Iran’s customs administration says the country recorded a trade surplus of $1.2bn in the previous Persian calendar month.

Association Chief: Iran Power Outages Cost Steel Sector $6bn

The head of Iranian Steel Producers Association says power outages that hit the country during summer have cost the industry six billion dollars.

Iran MP Urges Govt. to Prevent Return of Samsung, LG

A member of the Iranian parliament’s presiding board has called on the government to prevent products of South Korean companies, which “betrayed us”, to easily return to the market.

Parl. Committee Lodges Complaints against Ex-Pres. Rouhani

The deputy chair of the Iranian parliament’s Article 90 Committee says they have lodged three complaints with the judiciary, against former President Hassan Rouhani.

Official: Iran-Afghan trade back to normal

Spokesman for Iran’s Customs Office says trade with Afghanistan has returned to normal.

Iran’s Raisi appoints electoral rival as VP

Iran’s President Ebrahim Raeisi has appointed one of his rivals during last June presidential elections, as Vice-president for Economic Affairs.

All Iran-Afghanistan Border Crossings Open: Customs Administration

The Iranian Customs Administration says all of the country’s customs checkpoints on the border with Afghanistan are open and trade is ongoing with the neighbouring country.

Iran Gets 80% of COVID-19 Vaccine Imports from China: Official

Iran says a large part of its coronavirus vaccine imports have come from China.

Iranian Oil Workers Go on Strike in Protest at Low Wages

Thousands of Iranians working in the country’s energy industry have gone on strike over the past week in protest at low wages.

Trump Virus, COVID-19 Responsible for Iran’s Economic Situation: Rouhani

Iranian President Hassan Rouhani says the US sanctions and its economic war on Iran coupled with the coronavirus pandemic have spelt numerous difficulties for the people of Iran over the past three and a half years, stressing that things would have been markedly different without them.

Raisi Admin. Can Move to Tackle Economic Stagnation: Experts

The Khabar Online news website has, in interviews with different experts, elaborated on possible measures that the next Iranian administration can adopt to address the current stagnation on various markets.

Iran, Turkey Discuss Economic Cooperation in Region

Iran's Foreign Minister Mohammad Javad Zarif and his Turkish counterpart Mevlut Cavusoglu held talks in the city of Antalya, Turkey.

Iranian Presidential Candidates Lay Out Plans to Shore up Economy

Iranian presidential contenders have set out their election pledges as they hit the campaign trail ahead of the June 18 vote.

Over 50% of Iranian Couriers, Pickup Drivers Lose Their Jobs during Pandemic

An Iranian official says 50 to 60 percent of the couriers and pickup drivers working in the transportation sector have lost their jobs during the coronavirus pandemic.

Iran Arrests CEO of BRG Token, Buyer of Jack Dorsey’s First Tweet

Sina Estavi, the CEO of Crypto Land exchange platform and the BRG token, has been detained after what authorities described as long illegal activity.

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