Sunday, April 14, 2024

Economy

China’s envoy to Iran says Beijing-Tehran deal beneficial for both countries

Chinese ambassador to Iran Chang Hua has said the implementation of a 25-year comprehensive strategic partnership agreement between Beijing and Tehran will improve the livelihood of both nations.

Iraq releases $2.7bn of Iran’s blocked assets: Trade official

Head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Es’haq announced on Saturday that Baghdad has released $2.7 billion worth of Iranian funds in gas export money frozen due to the US sanctions.

Iran’s economy grew by 4.7% in fourth quarter of 2022: World Bank

Figures released by the World Bank show that Iran's economy grew by 4.7 percent in the fourth quarter of 2022, standing at 15th place in the globe in terms of economic growth.

World Bank projects 2.2% economic growth for Iran despite sanctions

The World Bank (WB) has predicted that Iran’s economy will register a 2.2 percent growth in 2023 in spite of tough US sanctions.

Iran to soon gain quick access to $6.7 billion of its financial resources at IMF: CBI chief

Governor of the Central Bank of Iran (CBI) Mohammadreza Farzin says the country will soon acquire quick access to $6.7 billion of its financial resources at the International Monetary Fund (IMF).

Iran closes major trade route with Afghanistan after deadly clashes

Iran closes the Milak border crossing with Afghanistan, a major trade route, “until further notice,” following an exchange of heavy gunfire between Iranian border guards and Taliban forces.

Iran, ASEAN stress efforts to bolster bilateral cooperation

Iranian President Ebrahim Raisi calls for efforts to realize the goals set by Tehran and the Indonesia-based Association of Southeast Asian Nations (ASEAN) for the promotion of bilateral cooperation.

President Raisi in Jakarta: Iran, Indonesia sign cooperation deals, set goal for boosting trade

Iran and Indonesia sign several agreements for cooperation in various sectors, stressing their determination to boost the value of annual bilateral trade to $20 billion in the future.

Iran’s president, Pakistan PM inaugurate bazaar on joint border

Iranian President Ebrahim Raisi and Pakistani Prime Minister Shehbaz Sherif inaugurate a joint border market at a border crossing linking the Iranian city of Pishin to the Pakistani city of Mand.

Iranian economy minister’s trip to Saudi Arabia sign of bigger development: Report

A recent trip by Iranian Economy Minister Ehsan Khandouzi to Saudi Arabia was a sign that Tehran and Riyadh are serious in their pursuit of rapprochement, a report says.

Saudi officials seek resumption of economic ties with Iran, too: Minister

Iranian Minister of Economy Ehsan Khandouzi says that during a recent meeting with Saudi officials, they demanded that the resumption of economic ties between Saudi Arabia and Iran also be facilitated promptly.

Iranian Minister of Economy in Saudi Arabia on official visit

Iranian Minister of Economy and Financial Affairs Seyyed Ehsan Khandouzi, at the head of an economic delegation, has arrived at the Jeddah airport in Saudi Arabia, and was welcomed by the kingdom’s officials, directors of the Saudi-based Islamic Development Bank, and staff members of the Iranian Consulate in the Saudi city.

Value of Iran’s foreign trade up by 17% in first month of Persian year: Official data

Official figures show the volume of Iran’s foreign trade witnessed a 17-percent hike in the first month of the current Persian calendar year, with China and the United Arab Emirates (UAE) topping the list of the country’s trade partners.

White House blocking authorities from confiscating Iranian oil ships

The Biden administration won't let authorities seize tankers carrying Iranian oil, according to a report. Several European and Asian countries imported oil from Iran in 2022 despite US sanctions that impose penalties on governments and entities involved in energy trade with Tehran.

Central Bank chief: Facilitating de-dollarization Iran’s strategic policy

The head of the Central Bank of Iran says the country is determined to help realize de-dollarization in international transactions, describing the approach as a “strategic policy” for the Islamic Republic.

Inflation rate in Iran hits record high under Raisi: Daily

An Iranian daily highlights the figures released by the Statistical Center showing that the inflation rate in the country sets a new record high to reach 45.8% in March.

Iran deputy FM: Iranian businesspeople can travel to Saudi Arabia soon 

Iran’s Deputy Foreign Minister for Economic Diplomacy says the hurdle to visits by Iranian businesspeople to Saudi Arabia will be removed within the next 30 days.

Iran president calls for expansion of ties with Uzbekistan, implementation of agreements 

Iranian President Ebrahim Raisi says the implementation of agreements between Iran and Uzbekistan will boost the level of their ties.

Iranian trade official: Iraq not allowed to transfer dollars to Iran

The head of the Iran-Iraq chamber of commerce says the Iraqi Central Bank is not authorized to transfer US dollars to the Islamic Republic.

Iranian official: Saudi delegation to participate in trade exhibition in Tehran

Iran’s Deputy Foreign Minister for Economic Diplomacy says a Saudi trade delegation will participate in an exhibition of Iranian-made products in Tehran.

President Raisi says Iran, India determined to deepen economic ties

Iranian President Ebrahim Raisi, in a meeting with visiting Indian National Security Advisor Ajit Doval, said Tehran and New Delhi are seeking to expand bilateral relations, especially in the economic and commercial fields.

Iran calls for further expansion of trade in national currencies with India

Iran’s Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani, in a meeting with Indian National Security Advisor Ajit Doval, has called for further use of the rial and rupee in bilateral trade transactions.

Two major Chinese companies plan to invest in Iran’s Khuzestan: Envoy

Chinese Ambassador to Tehran Chang Hua says two major Chinese companies plan to invest in Khuzestan, in Iran’s oil-rich southwest.

Syria’s Assad calls for further strengthening of economic ties with Iran

Syrian President Bashar al-Assad has stressed the need for further promoting economic cooperation with Tehran, as he hosted Iran’s Minister of Road and Urban Development Mehrdad Bazrpash and his accompanying delegation in the capital Damascus.

Report: Iranian private sector’s constructive initiative to begin economic ties with Saudi Arabia

Head of Iran’s Chamber of Commerce, Industries and Mines has reportedly sent a letter to the chairman of the Federation of Saudi Chambers of Commerce, declaring the full readiness of the Iranian private sector to exchange commercial and economic delegations in areas of mutual interest and to hold joint trade exhibitions.

Latest news