Economy

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.

US Lies about Collapse of Iran’s Economy under Sanctions: Rouhani

Iranian President Hassan Rouhani says the White House lies about Iranian nation’s “regression” and the collapse of the country’s economy under the current sanctions.

Swedish Ex-Leader Disputes UK Capture of Iranian Oil Tanker

A former prime minister of Sweden has questioned the legality of seizure of an Iranian oil tanker by the UK, stressing that the non-EU states are not subject to the European sanctions.

Iran Exporting 2.5m Worth of Goods to Iraq Every Day

New reports suggest that Iran has considerably increased the amount of its exports to Iraq since last year despite the US sanctions.

Iran Says Not Pinned Any Hope on Europe’s INSTEX

Iran’s deputy foreign minister for political affairs says the government has told all Iranian organisations not to pin hope on the European financial mechanism, known as INSTEX, which was meant to facilitate trade with Tehran under the US sanctions.

Why and How to Get Iran’s Residency

A new by-law passed by the Iranian government provides foreign nationals, particularly those from Afghanistan, with a new chance to get Iran’s residency. But why and how should they do that?

Iran Says Not Satisfied with INSTEX Implementation

Iran’s Foreign Ministry Spokesman says the way that the European financial mechanism, INSTEX, is currently being implemented is not what Iran has been asking for.

Rouhani Urged to Learn from JCPOA, Not Be Deceived by INSTEX

Iranian conservative daily Kayhan has warned the administration of Hassan Rouhani against accepting the INSTEX, a special trade mechanism proposed by Europe, saying that Tehran must not be deceived by the “void” package once more.

Investors Can Obtain Residence Permit in Iran

The Iranian administration has passed a piece of legislation that allows foreign individuals to receive a temporary residence permit in Iran by investment.

‘INSTEX Implemented Too Late, Can’t Secure Iran’s Interests’

An Iranian lawmaker says the INSTEX, the European financial mechanism aimed at keeping economic ties with Iran normal amid the US sanctions, does not meet Iran’s interests as it is being implemented too late.

EU Says Iran Trade Channel, INSTEX, Now Operational

Iran and other parties to the Joint Comprehensive Plan of Action have wrapped up a key meeting of the JCPOA by releasing a joint statement.

Iran’s Oil Exports on Rise Despite US Sanctions: Official

The Governor of the Central Bank of Iran says the Islamic Republic has successfully conquered the peak of resistance and the exports of Iran’s oil is on the rise despite the US bid to bring them down to zero.

‘Non-Oil Exports from Iran’s Chabahar Port Doubled’

An Iranian official says non-oil exports from the strategic Chabahar port in south-eastern Iran has grown by 100% in the first quarter of the current Iranian year compared to the same period last year.

Iranian Automaker May Use Peugeot Logo on Homegrown Car

CEO of Iran’s leading carmaker Iran Khodro (IKCO) has said his company feels free to use the logo of Peugeot on the 301 model, because the sedan has been fully manufactured inside Iran after the French automaker Peugeot violated its contract and left the country in the shadow of US sanctions.

Iran-China Banking Ties Facilitated: Official

The obstacles to banking transactions between Iran’s official companies and China have been removed, president of Iran-China Joint Chamber of Commerce announced.

Turkey Says Ready to Boost Business Ties with Iran

Turkish Foreign Minister Mevlüt Çavuşoğlu says his country is prepared to enhance its all-out relations with Iran in various political, economic, and cultural areas.

UK to Pay $1.6bn in Damages to Iran’s Bank Mellat

The UK government has reached an agreement with Bank Mellat to settle a $1.6-billion damages claim brought by the Iranian bank after 10 years of negotiations.

Iran Proposes New Date for OPEC Meeting

Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would prefer July 10-12 if a new date is to be set for the gathering.

Iranian Minister in Geneva to Attend Int’l Labour Conference

Iranian Minister of Labour Mohammad Shariatmadari has left Tehran for the Swiss city of Geneva to attend the 108th session of the International Labour Conference.

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