Economy

“Revival of Silk Road to Bring Iran Tremendous Benefits”

Iranian business analyst Mohammad-Sadeq Hamidian says if the new Silk Road runs through Iran, the country will enjoy numerous benefits, including higher economic growth and secured regional trade.

India’s First Wheat Cargo Arrives in Afghanistan via Iran

Afghanistan says it has received an inaugural consignment of wheat from India through a project which has opened a new trade and transit route in the region.

EU Delegation’s Visit to Iran “Just for Show”: MP

An Iranian lawmaker says the visit of a 70-member European delegation to Iran is just a show and they are seeking their political goals rather than economic ones.

EU Delegation in Tehran to Discuss Expansion of Business Ties

A 70-strong delegation of senior European officials and business leaders is in Tehran to examine capacities for further expansion of trade ties.

EU to Study Opening Office in Tehran in Saturday Visit

A 70-strong European Union delegation comprising Europe’s senior officials and economic activists are due in Iran on Saturday, November 11. According to a Farsi report...

Removing US Dollar from Int’l Transactions to Facilitate Banking Ties: Iran

An Iranian lawmaker believes that the removal of the US dollar from Iran’s international transactions could facilitate banking relations.

Iran-India-Afghanistan Cooperation Not against Pakistan: Spokesman

Pakistan’s Foreign Office said the country does not regard Iran, India and Afghanistan’s endeavor to use Iranian southeastern port of Chabahar for bilateral trade as an alliance against the country and the China-Pakistan Economic Corridor (CPEC).

Iran-Russia Trade Volume Grows by 70 Percent

Iranian Minister of Economy, Masoud Karbasian, says the trade volume between the Islamic Republic of Iran and Russia has witnessed a 70-percent growth over the past year.

CAATSA Targeting Iran’s Economy, Not Just IRGC: Commander

The commander of Iran’s Islamic Revolution Guards Corps (IRGC) has strongly condemned Washington over the Countering America's Adversaries Through Sanctions Act (CAATSA).

Iranian Firms to Expand Presence in Russia’s Astrakhan

20 hectares of land in Russia's Astrakhan Special Economic Zone has been allocated to a number of Iranian companies in a bid to expand trade ties between Iran and Russia. 

Iran Preparing Infrastructure for Bitcoin Adoption

Iran is preparing the infrastructure for using Bitcoin, the first worldwide crypto currency, said Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee.

Iran Keen to Expand Business Ties with Uganda: FM

Iran's Foreign Minister Mohammad Javad Zarif says the Islamic Republic is interested in promoting its economic cooperation with Uganda in various fields.

Iran, South Africa Hold Business Forum in Pretoria

Iranian Foreign Minister Mohammad Javad Zarif has participated in the Iran-South Africa Business Forum held in the African country's capital, Pretoria, on Monday.

Iran’s President Calls for Enhanced Ties with Uzbekistan

Iranian president has highlighted the huge capacities for expansion of Tehran-Tashkent relations, saying the two states should cement their age-old ties in all fields.

Iran, Russia Clinch Deal on Financing Projects

The Central Bank of the Islamic Republic of Iran and the Russian Agency for Export Credit and Investment Insurance (EXIAR) have signed a memorandum...

‘Trump Practicing Magic Trick on Iran Nuclear Deal’

An Iranian newspaper says the US is distracting the world’s public opinion by ‘pretending’ to be against the nuclear deal between Iran and the P5+1, while hatching plots with the EU to make the most profit out of Iran’s lucrative market.

Iran, Uzbekistan Discuss Promotion of Ties in All Fields

Iran's Foreign Minister Mohammad Javad Zarif and his Uzbek counterpart Abdulaziz Kamilov have discussed issues of mutual interest in a meeting in Tehran.

‘Foreigners More Resolved to Work with Iran after Trump Rhetoric’

An Iranian minister says Trump’s anti-Iran comments have made foreigners more determined to cement their economic cooperation with Tehran.

Tehran Stock Exchange Market Unaffected by Trump’s Speech

Unlike earlier estimations, Tehran Stock Exchange market has not only remained unaffected by the anti-Iran rhetoric of US President, but also has ridiculed his rhetoric by showing a significant growth in some terms.

Iran Exports 31,000 Tonnes of Macaroni Wheat to Italy

Iran has exported 31,000 tonnes of quality durum wheat to Italy for the first time, in another sign that the country’s food security drive is on target.

‘JCPOA Violation to Have Little Impact on Iran’s Economy’

An Iranian lawmaker says the annulment of the JCPOA will have little bearing on Iran’s economy as the Islamic Republic is shifting away from the greenback and common European currencies.

Iranian MPs Pass 8 Bills on Economic Cooperation with Other Countries

An Iranian MP says lawmakers have passed several bills that would facilitate economic cooperation between Iran and other countries.

Iran, Ukraine to Form Joint Economic Commission

Iran and Ukraine have decided to establish a joint economic commission as part of efforts to enhance the level of Tehran-Kiev economic cooperation.

Governor of Iran’s Central Bank to Visit US

Governor of Central Bank of Iran, Valiollah Seif, is going to travel to the United States in order to attend the International Monetary Fund’s autumn session.

Iran Exporting Women’s Socks to Spain, Norway

Iran’s Customs has released figures showing that in the first 5 months of the current Iranian year, about 214 tonnes of women’s socks have been exported from the country worth over $2 million.

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