Economy

Iran has inaugurated a new shipping route to Oman to help diversify its access to international export markets and to transport food items, agricultural products and perishable goods.

A photo gallery of the Iranian pavilion designed by Kamran Safamanesh at Expo Milano 2015.

Chinese, Indian, South Korean, Japanese and Turkish refiners have all extended their oil purchase contracts with Iran, said Ghamsari.

Tehran is willing to expand economic relations with Pretoria and the ties should develop with a good momentum, said the president in a meeting with Nkoana-Mashabane.

An Iranian team of economic and cultural players is reportedly in the US to hold talks with their American peers and present Iran's capacities, said a member of Tehran Chamber of Commerce.

Given a decline in gas prices in Europe, it is not economically feasible to export gas there at the moment, said Mohsen Ghamsari.

Defying US warnings, India has signed an agreement with Iran to develop a port in the southeastern province of Sistan-Baluchestan.

Iranian and Algerian chambers of commerce are duty bound to encourage their private sectors to promote trade and embark on joint ventures, said Shafei.

Officials from Eni conducted negotiations with the Iranian oil minister a few days ago on development of Iran’s joint fields, said Abdolreza Haji Hosseininejad.

The opening of a joint Iran-Russia bank account, presence of Russian banks in Iran and choosing a Russian bank for rial-based trade exchanges in Russia are some of the measures underway.

European manufacturers aim to return to the country if sanctions are eased under a proposed nuclear pact.

The Islamic Revolution leader has said that the country needs to rely on its domestic production if it wants to see its economic problems solved.

Iran and Russia have started to use a mechanism which helps them ditch dollar and trade in ruble.

President Rouhani has said that Iranians are equal before the law, adding all people, foreign tourists included, are protected by police and the law.

The governor of Iran's Central Bank has said that Iran’s economy is “on the right track”.

The Iranian president has said in a meeting with the Japanese premier that poverty and lack of development are the key roots of terrorism in the region.

A senior presidential advisor has said that Iran needs to count on cooperation with foreign partners if it seeks to take an accelerated step toward globalization.

An IMF report says that growth in the Islamic Republic of Iran is projected to be 0.6 percent in 2015 and 1.3 percent in 2016.

An Iranian banking official says that once sanctions are lifted, the stage will be set to provide brokerage and international money transfer services for the imports and exports.

A photo gallery that features a flurry of activity in Tehran Stock Exchange as a result efforts by the government of Prudence and Hope to put the economy back on track.

The volume of Iran's exports last year witnessed a 4.83 percent increase compared to a year earlier, and the value of exports jumped by 18.87 percent.

Rouhani and Erdogan underscored the necessity for further expansion of diplomatic and economic ties.

Iranian and US pistachio output stood at the same level last year, but in the export market, Iran was in the lead, Asgaroladi said.

President Rouhani said taking advantage of new technologies, absorbing investment and making use of experts are among top priorities of free trade zones.

To promote public trust in online shopping, the Ministry of Trade has given an electronic trust logo to reliable websites.