Economy

Iran to Open First National Trade Office in Russia

A senior Iranian official says Iran’s first National Trade Office in Russia will be opened by the private sector in two months’ time.

Iran Set to Boost Value of Trade with Turkey to $30bn

A senior Iranian official says Tehran and Ankara enjoy close and strategic relations, adding the two sides aim to bring mutual trade to $30 billion.

Iran-Eurasia Preferential Trade Deal Goes into Effect

A preferential trade agreement between Iran and the Eurasian Economic Union (EEC) has come into force.

Iran Minister Boycotts IMF Meeting in US after Colleagues Denied Visa

Iran’s Minister of Economic Affairs and Finance Farhad Dejpassand has cancelled a trip to the United States earlier this month to attend a high-profile international meeting after Washington denied visas for members of his visiting delegation.

People, Global Trade Put at Risk by US Sanctions: Zarif

Iranian Foreign Minister Mohammad Javad Zarif warns that the sanctions imposed by the United States against member states of the Non-Aligned Movement (NAM) have put hundreds of millions of people at risk and hampered global trade.

Iran Making Economic Progress despite US Sanctions: Official

Iranian President's Chief of Staff Mahmoud Vaezi says the US economic war has failed to hinder the Islamic Republic’s economic growth.

Iran Exports Rise by 22 Percent Despite Sanctions: VP

Iran’s First Vice President Es’haq Jahangiri has lauded the exporters for contributing to the country’s economic progress, saying the country’s exports have grown by 22 percent despite the US sanctions.

Rouhani Blames Saudi, Israel for Trump’s Exit from Iran Deal

Iranian President Hassan Rouhani has regretted that his US counterpart Donald Trump withdrew the country from the 2015 nuclear deal with Tehran, under the influence of Saudi Arabia, Israel, and warmongers inside his cabinet.

Iran Prefers Using National Currency in Trade with Neighbours: Minister

Iran’s Minister of Industry, Mine and Trade says the government's policy is to use national currency in business with friendly and neighbouring countries.

FM Zarif Slams US Economic Terror as War Crime

Iranian Foreign Minister Mohammad Javad Zarif has blasted the US economic terrorism against Iran as a war crime and war on civilians.

Iran, Turkey Move to Boost Trade Ties

Iran’s Minister of Economy Farhad Dejpasand says Tehran and Ankara are expected to enhance trade interaction to achieve the target of $30 billion annual trade exchange.

Tourism Industry Earned Iran $12 Billion in Past Year

Iran’s minister of culture, tourism and handicrafts says the country has earned nearly $12 billion through its tourism industry over the past year, but it still needs to further ameliorate this sector.

Turkey to Continue Trade with Iran Despite US Bans: Erdogan

Turkish President Tayyip Erdogan said it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of US sanctions, and added that trade between the two countries would continue, a report said.

Future Generations to Reap Benefits of Chabahar: Iran

Iranian President Hassan Rouhani says the current and future generations of the region will reap the benefits of the Chabahr port jointly developed by Iran and India.

Iranian Economy Adapting Itself to US Sanctions: Rouhani

Iranian President Hassan Rouhani has told ABC News that the country’s economy is adapting itself to the US sanctions in such a way that it has experienced a “trajectory of economic growth” in recent months.

Turkey Deplores US Sanctions, Pledges Support for Iran

Turkish Minister of Trade Ruhsar Pekcan has given an assurance that her country will stand by Iran in the face of the harmful American sanctions.

Iran’s Non-Oil Exports Rise by 136%

Iran’s non-petroleum exports have registered a considerable rise in 2019 over the previous year.

Tehran, Dhaka Confer on Enhanced Business Ties

Iranian Foreign Minister Mohammad Javad Zarif has held talks with Bangladesh Foreign Minister Abul Kasim Mohammed Abdul Momen in Dhaka.

China to Import Iranian Shrimp Instead of Saudi Shipments

China has banned imports of shrimp from Saudi Arabia and granted market access to 40 shrimp exporters from Iran, a report says.

Nicaragua Eyes Closer Business Ties with Iran

Nicaragua has dispatched a high-ranking economic delegation to Iran to weigh plans for the expansion of trade ties with the Islamic Republic.

Iranian Official Confers on Closer Ties with Turkish President

Iranian President’s Chief of Staff Mahmoud Vaezi and Turkish President Recep Tayyip Erdogan held talks on a range of issues, including ways to boost bilateral trade between the two neighboring countries.

Iran Has 25-Year Plan for Ties with China: Larijani

Iran’s Parliament Speaker’s Ali Larijani says the country has developed a 25-year plan to expand its mutual ties with China amid the US pressures on both countries.

In Photos: Iranian Market Run by Afghan Immigrants

Razzaqzadeh market is one of the oldest and most colourful, attractive and crowded markets in Zahedan in south-eastern Iran, which is mostly run by Afghan immigrants living in Zahedan due to their country’s difficult, unsafe conditions.

Iran May Cut Imports from Brazil If Stranded Ships Not Refueled

Iran has asked Brazil to allow refueling of Iranian ships or have Tehran cancel imports worth about $2 billion a year from the Latin American country.

Europe Must Make Investments in Iran to Save JCPOA: Zarif

Foreign Minister Mohammad Javad Zarif says the Europeans do not seem ready yet to put investment into saving the 2015 nuclear agreement with Iran, despite their claim to be willing to retain it.

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