All News about Iranian Economy – Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.
Iran’s Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh said providing banking facilities could be the first step towards boosting economic relations between Iran and Ghana.
South Korea tripled its imports of Iranian crude oil in January from a year before, says a new report, coming a day after the Islamic Republic exported its first crude shipments to Europe.
Since the termination of anti-Iran sanctions in January, the country has succeeded in increasing its crude exports by 400,000 barrels per day, getting closer to the intended selling 2 million bpd of oil, a top official announced.
Deputy Oil Minister Rokneddin Javadi said on Sunday that production of Iran's crude oil increased 400,000 barrel each day and the figure is expected to increase by another 200,000 barrels.
Chaleshtar in the central district of Shahrekord, the provincial capital of Chaharmahal-Bakhtiari, is going to be home to Iran's first carpet village, says the head of Carpet Department at the provincial Industries, Mines and Commerce Organization.
The secretary of Iranian Supervisory Council for Toys said that $3 million toys are imported to Iran every month meaning that 90% of Iranian market is related to foreign toys.
Iran’s first vice president says the country’s oil exports will reach 1.5 million barrels per day (mb/d) next month as Tehran moves to benefit from sanctions relief.
Iran's Oil Minister Bijan Zangeneh says the country is currently exporting 300,000 barrels per day of crude oil to European countries and the figure will rise when new contracts are signed with European oil majors.
The Chief Executive Officer (CEO) of Vinci SA, a France-based company, said the group is in initial talks with Iran over construction of high-speed train stations in the Islamic Republic following the termination of anti-Tehran sanctions.
France’s energy giant Total will start importing 160,000 barrels per day (b/d) of crude oil from Iran later this month, Iran’s petroleum minister says.
Iran and Japan have signed an investment agreement in a bid to boost economic cooperation after the lifting of nuclear-related sanctions against Tehran.
Iranian stocks have climbed to their best performance in a year, buoyed by international rush for business in the wake of a nuclear deal which went into effect last month.
The National Iranian Copper Industries Company (NICICO) and Germany’s MKM Mansfelder Kupfer und Messing GmbH, which is one of the largest European holding companies, signed a one-billion euro deal to develop cooperation in copper industry.
Austria’s Raiffeisen Bank International (RBI) says it wants to open a branch in Tehran “as quickly as possible,” becoming the first foreign lender to set up shop in Iran after the lifting of sanctions.
