Economy

Iraqi president calls for bolstering ties with Iran

Iraqi President Abdullatif Rashid says that Baghdad attaches great importance to strengthening relations with Tehran in the trade and energy fields.

President Raisi says Iran’s SCO membership will have historical benefits

Iranian President Ebrahim Raisi has highlighted the long-term and positive impacts of Iran’s full membership in the Shanghai Cooperation Organization. He stated that Tehran’s membership in the SCO will have historical benefits. He made the remarks in an address to the 23rd SCO summit which was held via video conference.

Iran officially becomes member state of Shanghai Cooperation Organization

Iran’s membership at the Shanghai Cooperation Organization (SCO) is officially approved at a meeting of the politico-economic alliance.

Iranian official says Baghdad has released $10 billion of Tehran’s blocked assets

Yahya Al-e Es'haq, chairman of the Iran-Iraq Joint Chamber of Commerce, has confirmed that the Iraqi government has released all of Tehran’s frozen assets, amounting to $10 billion worth of energy debts.

Official: Iran gas production 110-115m liters daily, meets demand for now

The secretary of Iran's refining industry union says the country’s refineries are producing 110 to 115 million liters of gasoline daily, which has met the local demand so far.

Iran installs heaviest platform at Phase 11 of South Pars Gas Field, Persian Gulf

Iran successfully completes the operation to install the heaviest platform of South Pars in place, as the country pushes to operationalize the Phase 11 of the giant Persian Gulf gas field.

Iran FM, UAE chief call for promoting trade ties

The Iranian foreign minister and the president of the United Arab Emirates have called for a mechanism aimed at improving bilateral ties specially economic and trade relations.

Iran, Cuba ink 6 cooperation agreements

Tehran and Havana have signed six major deals to expand economic, political and judicial cooperation between the two countries. The memoranda of understanding (MoUs) were signed on Thursday during Iranian President Ebrahim Raisi’s state visit to Cuba.

Iran’s envoy calls for economic synergy with Russia

Iranian Ambassador to Moscow Kazem Jalali told RT during the St. Petersburg International Economic Forum on Wednesday that countries targeted by Western sanctions should unite to resist monopolar global hegemony.

Iran’s Central Bank chief holds ‘successful’ meeting with Qatari counterpart

The governor of the Central Bank of Iran (CBI) says he held a meeting with his Qatari counterpart for talks on financial cooperation between the two neighbors.

Economist claims Iran inflation under Raisi set new record high since WWII

An Iranian economist criticizes President Ebrahim Raisi’s handling of the country’s economic issues, claiming that the inflation set a record high in eight decades under his administration.

Tehran: Serious steps taken toward release of frozen Iran assets

The spokesman for Iran’s Foreign Ministry says effective steps have been taken toward the release of Iranian assets frozen in other countries.

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 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.

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