Economy

Too Soon to See JCPOA Results in National Economy

Seyyed Abbas Araghchi, the Deputy-FM for International and Legal Affairs and a senior nuclear negotiator, has said that four months is too short for an accurate evaluation of JCPOA implementation effect on national economy.

Iran to Boost Annual Non-Oil Exports to $50bn: Trade Minister

Iranian Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh said the country plans to increase its annual non-oil exports to $50bn by the end of the current Iranian year (March 20, 2017).

Zarif Heads to Warsaw

Iran’s Foreign Minister left Tehran for the Polish capital on Sunday May 29 to officially start his EU tour.

VP Orders Enhancement of Ties with Indian Ocean Littoral States

First Vice President Eshaq Jahangiri ordered administrative agencies to enhance ties with Indian Ocean littoral states on Saturday May 28.

Pakistan Wants More Border Crossings with Iran

Pakistan commerce minister says establishment of more border crossings between Iran and Pakistan would help in boosting bilateral trade.

Speaker Larijani: One Third of Previous Parliament’s Decisions Focused on Economy

Parliament Speaker Ali Larijani said that in the past four years, the body especially focused on the economy, allocating almost one third of its decisions to economic issues.

Germans in Search of Business Opportunities in Iran

In a meeting between the chairman of the Tehran Chamber of Commerce and the Minister of Energy and Economy of Nordrhein-Westfalen state, there was a focus on expanding bilateral ties and easing banking relations in order to develop trade and investment between Iran and Germany.

Tayyebnia and Seif Positive about Growth Rates and Inflation

IFP: Economic Minister Ali Tayyebnia and Governor of the Central Bank of Iran Valiollah Seif both addressed the 26th Annual Conference on Monetary and...

Iran’s Knowledge-Based Products Exports Hit $85m in Two Years

Exports of Iran’s knowledge-based products totalled $85m over the last two years, said Iranian Deputy Minister of Science Vahid Ahmadi.

Iran, Afghanistan, India Holding Trilateral Meeting Regarding Chabahar Port

Iranian Foreign Ministry Spokesman Hossein Jaberi Ansari said that the ongoing visits by Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani to Tehran are aimed at signing a trilateral agreement over Iran’s southern Chabahar Port.

Iran and India Sign 12 Cooperation Documents

Iranian and Indian officials inked 12 documents on cooperation in different fields on Monday May 23.

No More Barrier to Trade with Iran in Euros: Diplomat

A ranking Iranian diplomat said there are no more limits on the country’s financial transactions with foreign banks in euros, a clear sign of which was India’s recent move to clear part of its debts to Iran in euros through a Turkish bank.

India PM in Tehran to Strike Agreement on Chabahar Port Development

Indian Prime Minister Narendra Modi arrived in the Iranian capital Tehran at the head of a large delegation to boost economic and political ties with Tehran.

India Clears Part of Iran Oil Dues ahead of Modi’s Visit

According to a report carried by the Business Standard, Indian refiners cleared part of their $6.5 billion debt to Iran in euros through Turkey's...

Afghan Leader, India PM Due in Iran to Discuss Chabahar Port

Afghan President Ashraf Ghani and Indian Prime Minister Narendra Modi are going to visit Tehran to sign a trilateral memorandum of understanding (MoU) with Iran on the development of the south-eastern Iranian port city of Chabahar.

CBI Chief: Europe, US Failed to Meet Commitments on JCPOA

Central Bank of Iran (CBI) Chief Valiollah Seif censured certain Western countries, the US in particular, for failing to meet their commitments under a nuclear deal between Tehran and six world powers (also known as the JCPOA).

Indian PM to Meet with Ayatollah Khamenei in Tehran

Indian Prime Minister Narendra Modi will travel to Iran on Sunday May 22 and plans to meet the Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, in the Iranian capital.

Norwegian Envoy Calls for Developing Economic Ties with Iran

In a meeting with Mohammad Khazaei, Deputy Minister and President of the Organization for Investment, Economic and Technical Assistance of Iran, the Norwegian ambassador to Iran called for developing economic cooperation and removing obstacles.

Croatian President Arrives in Iran

Croatian President Kolinda Grabar-Kitarović is scheduled to pay an official visit to the Iranian capital on Tuesday May 17 for talks on the enhancement of economic cooperation between the two nations.

European Banks’ Conservatism Hindering JCPOA Implementation: Iran Deputy FM

A senior Iranian official says the “conservatism” of large European banks is hindering the implementation of Iran’s nuclear agreement.

Azerbaijan President Calls for Expansion of Tehran-Baku Agricultural Ties

Azerbaijan’s President Ilham Aliyev hailed the growing bilateral ties between Tehran and Baku in diverse fields, and called for an enhancement of cooperation in the field of agriculture as well.

India Trying to Repay Its Debts to Iran before PM’s Visit

Indian officials are reportedly trying to repay their oil debts to Iran before an upcoming visit by Indian Prime Minister Narendra Modi to Tehran, which is due to take place on May 22.

Iran Starts Negotiations with Airbus to Sign Plane Purchase Contract

Iran has begun negotiations with Airbus to finalize the first major deal for purchase of passenger planes since 1979, a senior Iranian official says.

Iran to Build Wind Farm in Kazakhstan

Iran and Kazakhstan have struck a deal on the construction of a wind park in Kazakhstan to generate electricity there.

Senior IMF Official in Tehran for Economic Talks

First Deputy Managing Director of the International Monetary Fund (IMF) David Lipton arrived in Tehran on Sunday to hold talks with senior Iranian officials on economic issues.

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