Economy

Iran’s Exports Hit $70bn despite Sanctions: Customs Chief

Head of Iran’s Customs Administration says despite the cruel sanctions imposed by the US, the Islamic Republic’s oil and non-oil exports have reached $70 billion.

Iran Says to Launch Mechanism Proportionate to INSTEX

Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati announced late on Friday that the mechanism proportionate to the channel introduced by the three European states will soon be registered in Tehran.

Women Entrepreneurs Shining in Iran despite Sanctions

The “Women of the Sanctions Era” campaign composed of successful women entrepreneurs has recently gone viral on social media networks in Iran as the country is grappling with the “toughest sanctions ever” imposed by the US.

Dubai Authorities Making Investment in Caspian Shores

Chief of the Dubai Ports Authorities, DP World, Sultan Ahmed Bin Sulayem recently paid a visit to Kazakhstan, investing in new infrastructure projects in the Caspian Sea ports and logistics sector of the Central Asian state.

Iran Ready to Boost Ties with China within ‘One Belt, One Road’

Iranian Minister of Economic Affairs and Finance has called for expansion of mutual ties between Iran and China in all areas within the One Belt, One Road Initiative.

Iran, Syria Sign 18 Deals to Expand Business Ties

Iran and Syria have signed at least 18 deals as part of a larger plan to expand their trade ties amid the US unilateral sanctions on the Islamic Republic.

Iranian, Iraqi Presidents Agree on Enhanced Trade Ties

Iranian President Hassan Rouhani and his Iraqi counterpart Barham Salih have called for expansion of bilateral ties between the two neighbouring states in line with the interest of both nations.

Iran President in Iraq to Expand Mutual Trade to $20bn

Iranian President Hassan Rouhani, who is currently on a historic visit to Iraq, says Tehran and Baghdad can easily raise their mutual trade to 20 billion dollars a year.

‘Chabahar Port Symbol of Iran-India Mutual Cooperation’

Iranian President Hassan Rouhani says the Chabahar Port in southeastern Iran, which is being developed by Indian investors, is a symbol of cooperation between Tehran and New Delhi.

US Doubles Trade with Iran but Bans Europe, Asia: Germany

While the US companies have doubled their trade volume with Iran, Washington continues to ban the European Union firms from doing business with the country, said a senior German official.

INSTC Members Agree to Expand North-South Transport Corridor

Member states of the International North-South Transport Corridor (INSTC) have agreed to increase the capacity of the special transport route, said Iran’s Minister of Roads and Urban Development Mohammad Eslami.

Europe Must Take Practical Measures to Implement INSTEX: Iran

Iran’s Deputy Foreign Minister Abbas Araqchi called on Europe to adopt practical measures for saving the 2015 Iran nuclear deal and intensify efforts to implement INSTEX -a payment channel that the three EU signatories to the JCPOA have set up to maintain trade with Iran.

Iranians on Shopping Sprees in Run-up to New Year

Iranian people from all walks of life are going on shopping sprees as the Persian New Year is around the corner.

Iran, India, Afghanistan Discuss Investment in Chabahar Port

A conference on investment in, and the development of the Iranian port city of Chabahar was recently held in Iran, bringing together investors and authorities from 35 countries.

Tehran, Yerevan Sign Two MoUs to Boost Ties

Iran and Armenia have signed two memoranda of understanding in a Wednesday ceremony attended by President Hassan Rouhani and visiting Armenian Prime Minister Nikol Pashinyan.

‘Iranian Women Running Economic Campaign against US Bans’

Iranian Vice-President for Women and Family Affairs Massoumeh Ebtekar says women in Iran are actively engaged in an economic campaign aimed at cushioning the impact of the cruel sanctions imposed by the United States against the Iranian nation.

Rouhani Says 3.4m Jobs Created in 5 Years, but More Needed

Iranian President Hassan Rouhani says his administration has managed to create over three million job opportunities during the past five years he’s been in office, but that’s far behind what the society needs.

Rouhani Gov’t Denies Rumours It’s Behind Currency Hikes

The Iranian president's chief of staff has rejected rumours that this week’s hike in the value of foreign currencies in Iranian markets was planned by the government as part of efforts to meet FATF guidelines, saying the government would not “play games” with people’s livelihood.

Iran Says Grounds Prepared for Its Membership in Eurasian Union

Despite sanctions imposed on and restrictions created for Iran's economy, arrangements for membership of the Islamic Republic in the Eurasian Economic Union have been made, said Iran's Energy Minister.

Iran Parliament Allows Gov’t to Get $5 Billion Loan from Russia

The Iranian parliament has extended a licence allowing the government to receive a total of $5 billion loan from Russia for infrastructure projects.

‘Seoul Keen to Keep Good Ties with Tehran despite Sanctions’

South Korean Foreign Minister Kang Kyung-wha has expressed her country’s willingness to maintain its friendly relations with the Islamic Republic of Iran despite the anti-Iran pressures.

Iran Gov’t Urges Quick Approval of FATF as Deadline Approaches

A senior government official has argued for quick approval of two parliamentary bills required for Iran to get out of the blacklist of the global anti-money laundering body (FATF), saying Iran should not put its foreign relations at risk at a time when the US is bent on hurting the country’s foreign relations.

Foreign Ministry Explains Why Iran Not Invited to FATF Meeting

Iranian Foreign Ministry Spokesman Bahram Qassemi has reacted to media reports about the reason why Iran has not been invited to attend an upcoming meeting of the Financial Action Task Force (FATF) in Paris.

Iran Signs MoU with Russia, Kazakhstan for Free Trade

Russia, Kazakhstan and Iran have signed a memorandum of understanding for cooperation in wheat trading, taking another step towards setting up a free trade zone.

Iran’s Economy to Undergo Structural Changes upon Leader’s Order

A senior lawmaker says Iranian officials will in coming weeks start debating a structural shakeup of the economy, which had been stressed by Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei.

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