Economy

“Iran FM’s Tour of Balkans to Boost Non-Oil Exports”

An economic official is optimistic that Iranian Foreign Minister Mohammad Javad Zarif’s recent trip to the Balkans could help raise Iran’s non-oil trade, as these countries have shown more willingness to engage in economic collaboration with Iran than western governments.

Iran Central Bank Insists on Ditching Dollar in Transactions

Governor of the Central Bank of Iran Valiollah Seif has written a letter to the Iranian minister of trade and industry to reiterate his earlier calls for removing the US dollar from all business transaction.

Iran Gets Closer to Removal of US Dollar from National Economy

Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings.

Foreign Investment in Iran Growing: Minister

Iran's Minister of Industry, Mines and Trade Mohammad Shariatmadari has highlighted the growing trend of foreign investment in the country.

“Tehran Ready to Boost Value of Trade with Sofia to $1bn”

Iran’s Foreign Minister Mohammad Javad Zarif, in a meeting with Prime Minister of Bulgaria Boyko Borisov, has called for expansion of business ties with Sofia.

Boosting Trade Ties with Iran, Top Priority for Bulgaria: President

Sofia gives great priority to expanding its trade relations with Tehran, Bulgarian President Rumen Radev said, describing Iran as a “very important” country in the Middle East.

Iranian MP Urges Use of Alternative Currencies Instead of Greenback

An Iranian parliamentarian says using alternative foreign currencies in international financial transactions will ease psychological pressure on the dollar market.

Iran’s Khuzestan Ready to Attract German Investments: MP

An Iranian lawmaker says the southwestern province of Khuzestan has a great capacity to attract foreign investments, especially those by German companies, in the fields of energy, agriculture, and industry.

Iran Parliament Urges Gov’t to Rethink Economic Ties with France, UK

Iranian legislators have called on the president to reconsider plans to forge closer economic cooperation with France and the UK in protest at their roles in passing an anti-Iran UN resolution.

“India’s Interest in Closer Ties with Iran Only for Economic Reasons”

A senior political analyst is sceptical about India’s interest in development of its ties with Iran, saying New Delhi is just after securing the energy supplies it needs and gaining access to the region’s markets via the Islamic Republic.

Iran, India Sign 15 MoUs in Rouhani’s First-Ever Visit to New Delhi

Iran and India have inked 15 agreements in various fields, from an extradition treaty to cooperation in the development of Iran’s Chabahar port.

“Iran Nuclear Deal Could Make World Safer If US Remained Committed”

Iranian President Hassan Rouhani has described the nuclear deal between Tehran and world powers as a leading role model for resolving all problems across the region and the world, regretting that the US is not living up to its commitments under the deal.

Iran, Singapore Discuss Removal of Banking Problems

The fourth session of Iran-Singapore political advisory committee was held in Tehran on Tuesday with the two sides agreeing to boost ties, especially in economic spheres.

Iran’s Former Economy Minister Wins Prestigious Lee Kuan Yew Prize

Iran’s former minister of economy and finance, Ali Tayyeb-Nia, has been awarded the prestigious Lee Kuan Yew Prize, said Singapore’s Ministry of Foreign Affairs in a letter to Iranian embassy in Singapore.

Iran Starts Exporting Caviar to US after 25 Years

An Iranian official says the ban on Iran's caviar exports to the US has been lifted after 25 years, stressing that 10 kilogrammes of farmed caviar has been exported to America last year.

Iran Parliament Passes Rouhani’s Budget Bill after Amendments

Iran’s parliament has passed general outlines of President Hassan Rouhani’s new budget bill after initially rejecting it over concerns that the proposed cuts could hit vulnerable people the hardest.

Iran, China to Boost Trade Ties via Silk Road

Iran and China are making efforts to utilize the potential of the Silk Road to boost their trade cooperation and enhance ties with other countries located on the Road.

“Iran Signs Over $40bn Worth of MoUs after Nuclear Deal”

Iranian First Vice-President Es’haq Jahangiri says the value of Memoranda of Understanding signed between Tehran and foreign countries after the implementation of the Iran nuclear deal has surpassed $40 billion.

Iran Leader Allows Gov’t to Withdraw $4 Billion from National Development Fund

Iran’s Leader has allowed the government to withdraw $4 billion from the National Development Fund to address a range of issues including the dust pollution engulfing the country’s southwestern provinces, a lawmaker said.

Unemployment Rate Down, Economic Growth Rate Up in Iran

Mohammad Baqer Nobakht, the spokesman for the Iranian government, says the country's unemployment rate has decreased and economic growth rate has increased during the past Iranian fiscal year.

Iran’s Forex Revenues Outstrip Expenses: President Rouhani

Iranian President Hassan Rouhani assured the nation that the country’s foreign exchange revenue far outstrips the spending, stressing that foreign exchange reserves will even grow in future.

Iran Calls for Expansion of Business Ties with Belarus

Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari says the Islamic Republic’s relations with Belarus is at a good level, but economic ties should be developed alongside political ones.

Iran, Iraqi Kurdistan Call for Closer Trade Ties

Iran’s President Hassan Rouhani and the Iraqi Kurdistan region’s Prime Minister Nechirvan Barzani have urged the private sectors of both sides to take part in mutual development projects.

Iran’s 7-Month Industrial Exports Jump by 3.3%

Iran exported about $18.8 billion worth of industrial products in the seven months to Oct. 22, 2017, registering a 3.3% increase compared with the previous year’s corresponding period.

Iran Signs $2 Billion Rail Deal with India

Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said.

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