Economy

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.

Inflation rate in Iran hits record high under Raisi: Daily

An Iranian daily highlights the figures released by the Statistical Center showing that the inflation rate in the country sets a new record high to reach 45.8% in March.

Iran deputy FM: Iranian businesspeople can travel to Saudi Arabia soon 

Iran’s Deputy Foreign Minister for Economic Diplomacy says the hurdle to visits by Iranian businesspeople to Saudi Arabia will be removed within the next 30 days.

Iran president calls for expansion of ties with Uzbekistan, implementation of agreements 

Iranian President Ebrahim Raisi says the implementation of agreements between Iran and Uzbekistan will boost the level of their ties.

Iranian trade official: Iraq not allowed to transfer dollars to Iran

The head of the Iran-Iraq chamber of commerce says the Iraqi Central Bank is not authorized to transfer US dollars to the Islamic Republic.

Iranian official: Saudi delegation to participate in trade exhibition in Tehran

Iran’s Deputy Foreign Minister for Economic Diplomacy says a Saudi trade delegation will participate in an exhibition of Iranian-made products in Tehran.

President Raisi says Iran, India determined to deepen economic ties

Iranian President Ebrahim Raisi, in a meeting with visiting Indian National Security Advisor Ajit Doval, said Tehran and New Delhi are seeking to expand bilateral relations, especially in the economic and commercial fields.

Iran calls for further expansion of trade in national currencies with India

Iran’s Secretary of the Supreme National Security Council (SNSC) Ali Shamkhani, in a meeting with Indian National Security Advisor Ajit Doval, has called for further use of the rial and rupee in bilateral trade transactions.

Two major Chinese companies plan to invest in Iran’s Khuzestan: Envoy

Chinese Ambassador to Tehran Chang Hua says two major Chinese companies plan to invest in Khuzestan, in Iran’s oil-rich southwest.

Syria’s Assad calls for further strengthening of economic ties with Iran

Syrian President Bashar al-Assad has stressed the need for further promoting economic cooperation with Tehran, as he hosted Iran’s Minister of Road and Urban Development Mehrdad Bazrpash and his accompanying delegation in the capital Damascus.

Report: Iranian private sector’s constructive initiative to begin economic ties with Saudi Arabia

Head of Iran’s Chamber of Commerce, Industries and Mines has reportedly sent a letter to the chairman of the Federation of Saudi Chambers of Commerce, declaring the full readiness of the Iranian private sector to exchange commercial and economic delegations in areas of mutual interest and to hold joint trade exhibitions.

Minister: Iran and Saudi Arabia resume trade ties

Iran’s minister of industry, mines and trade says Tehran and Riyadh have started their trade ties after their recent agreement to normalize relations, adding the two neighbors have kicked off trade exchanges.

China envoy: De-dollarization outcome of US economic coercion

The Chinese ambassador to Iran says the de-dollarization process, which has been gathering pace on the international stage, is the outcome of America’s use of its national currency as a tool to exert economic pressure on others.

Iran security chief: Intl. efforts to sideline dollar gaining momentum

Iran’s security chief praises growing economic cooperation with Russia in the face of Western sanctions, saying international efforts to diminish the role of the US dollar in financial transactions have gathered pace.

“China accounts for 31% of Iranian non-oil exports”

The head of the Iran-China Chamber of Commerce says the current Persian year of 1402 (starting on March 21) will be better for the expansion of ties between Tehran and Beijing.

Iran to form joint chamber of commerce with Saudi Arabia

A member of the presiding board of the Iranian chamber of commerce says Iran and Saudi Arabia will soon launch a joint chamber of commerce.

Economy minister says Iran’s oil exports hit highest level amid US sanctions

Tehran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite Washington's sanctions, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi has confirmed.

Minister: Iranian, Russian banking systems not depending on SWIFT

The banking payment systems of Iran and Russia are already connected with each other, and that the banks will soon be able to open accounts for companies in both countries to make payments without using SWIFT, Iranian Minister of Economic Affairs and Finance Ehsan Khandouzi said in an interview with Sputnik.

Shamkhani: Iran, Iraq design new mechanisms for payment of debts to Tehran

The secretary of Iran’s Supreme National Security Council says Iran and Iraq have come up with a new mechanism for Baghdad to pay its debts to Tehran.

Volume of Iran-Oman trade increased by 100% in one year: Official

The head of the Iran-Oman Chamber of Commerce says the volume of trade between Tehran and Mascat has increased by 100% over the past year.

Iran’s security chief due in Iraq for talks after visits to China, UAE

The secretary of Iran’s Supreme National Security Council (SNSC) is set to visit Iraq for talks on ways to remove the obstacles to economic cooperation between the two neighbors.

Saudi Arabia says investments in Iran could happen very quickly following Tehran-Riyadh deal

Saudi Arabia's Finance Minister Mohammed al-Jadaan said on Wednesday that Saudi investments in Iran could happen "very quickly" following an agreement between the two nations.

Iran, Iraq reached good agreements on removing obstacles to economic ties: Minister

Iran’s Economy Minister Ehsan Khandouzi says Iran and Iraq reached good agreements on ways to remove the obstacles hindering economic cooperation between the two neighbors during his recent visit to Baghdad.

Iran-Belarus trade volume to hit $100mn.

Iranian President Ebrahim Raisi has said the signing of MoU’s in different fields by Iran and Belarus shows that Tehran and Minsk are resolved to expand their ties in all spheres.

Iran, Belarus sign roadmap for comprehensive cooperation

Iran and Belarus have signed a roadmap for comprehensive cooperation as well as seven other cooperation agreements during a visit to Tehran by Belarusian President Alexander Lukashenko.

Latest news