Sunday, June 26, 2022

Economy

Iran, Azerbaijan stress joint economic projects in Azeri liberated areas

An Iranian official says Tehran and Baku have stressed implementing joint economic projects in the recently liberated areas of the republic of Azerbaijan.

Private sector official urges government help to boost trade with Turkey

Chairman of the Joint Chamber of Commerce of Iran and Turkey has called for a “positive” attitude of the government to trade with neighboring countries, saying this can remove political problems and trade barriers and will help expansion of economic ties.

Value of Iran-China trade increases to $3.85bn in 3 months

The value of trade between Iran and China reached $3.85 billion in the first three months of 2022, up by 18 percent compared with the same period last year, new data show.

Iran’s exports to Africa grow by 107%

Iran’s exports to Africa grew by 107% during the last Iranian calendar year which ended on March 20, the director general of the Arab and African Office of Iran's Trade Promotion Organization has said.

Iran official calls for deepening trade ties with Russia in the wake of war

The head of Iran’s Trade Promotion Organization has predicted it’s highly likely the Ukraine war will drag on and further sanctions will be slapped on Russia.

Iran pursuing talks on release of frozen assets

The Central Bank of Iran (CBI) has announced fresh details on the unfreezing of the country’s assets, blocked due to the US sanctions.

‘Vice-president of Iran’s Football Federation arrested’

The vice-president of the Iranian Football Federation has been reportedly arrested by Iranian Intelligence Ministry agents in connection with a cryptocurrency scam.

Iranian minister of economy cancels US visit and World Bank meeting

Iran’s minister of economy has cancelled his visit to the US due to a delay on the part of American officials to issue visa for Seyyed Ehsan Khandouzi and his entourage.

Iran’s trade rises 3-fold in Q1 of 2022: Customs

Iran’s Customs Administration says the country’s foreign trade registered a more than three-fold increase in the first quarter of 2022 year on year.

Iran-Oman trade sets new record high of roughly $1.34bn

The volume of trade between Iran and Oman has registered a record high of $1.336 billion for the year ending March, 2022.

Amir Abdollahian: Initial agreement reached to release frozen Iran assets

Iran’s Foreign Minister Hossein Amir Abdollahian says a primary agreement has been reached to release Iran’s assets that have been frozen in a foreign bank due to the US sanctions.

Iran trade with neighbors grows to $52bn

The value of Iran’s trade with neighboring countries grew 43% percent last Iranian calendar year, compared to the previous one, which ended on March 20.

“$7bn in frozen Iranian assets to be released”

Iranian Foreign Ministry Spokesman Saeed Khatibzadeh has confirmed reports that $7 billion in Iranian assets, frozen in foreign banks due to the US sanctions, are going to be released.

Report: $7bn in Iranian frozen funds likely to be released

A regional official, identified in a Tasnim News Agency report as “possibly Oman’s foreign minister”, will travel to Tehran on Tuesday to finalize the mechanism for the release of seven billion dollars in frozen Iranian assets.

Domestically built refinery begins exporting different products

The head of Iran’s Qeshm Free zone has announced the loading of the first shipment of products from Behin Palayesh Qeshm Ultra-heavy Refinery this year amid US sanctions.

Iran, Russia sign deal for cooperation in exhibition industry

Iran and Russia have signed an agreement to expand bilateral cooperation in the exhibition industry, as the two countries work to promote commercial ties and investments.

Iran, Russia hold major trade conference

The Islamic Republic of Iran and the Russian Federation have held a major bilateral trade conference.

IRNA: Iran to receive $7bn in frozen funds

Reports say seven billion dollars of Iran's money, frozen due to the US sanctions, will be transferred to the country’s accounts under a new agreement.

Report: More of Iran’s frozen assets to be released

Reports say Iran has managed to get a substantial amount of his frozen assets unlocked in a foreign country due to the US sanctoins.

Iran MP: No country has so far released frozen Tehran assets

A member of the Iranian Parliament’s National Security Commission says consultations were held with several countries, where Iranian assets were frozen due to US sanctions, however, this had no result.

Iran’s non-oil trade hits record high in years: Official

Iran’s non-oil trade hit a record high figure in the Iranian calendar month ending March 20, an Iranian customs official says.

Iranian delegation visiting Russia for expansion of trade ties

An Iranian trade delegation is visiting Russia with the aim of expanding exports and buying livestock inputs and oil seeds from the country.

Iranian president says economy not tied to JCPOA

Iran’s President Ebrahim Raisi says his administration has not tied the Iranian people’s lives to the 2015 nuclear deal, JCPOA.

“Iran’s foreign trade hit 162mn tons last year”

The head of Iran’s Customs Organization has said Iran’s non-oil trade with foreign countries hit a record of 162 million tons ($100 billion) in the Persian year 1400. Alireza Moghaddasi said the figure represented a 38 percent increase compared to the year 1399.

Iran plans a $200bn investment in oil industry

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.

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