Economy

Iran exported 1000 tons of hand-made carpets in spring 2014, a 23 percent growth in weight compared to spring 2013, the acting director of Iran's National Carpet Center said on Wednesday.

The US sanctions against Iran have cost Washington as much as USD 175 billion dollars in losses for not doing business with the Islamic Republic, a Washington-based think-tank has found.

Qatar and Iran's southern province of Bushehr penned an agreement for economic cooperation.

A senior Iranian banking official forecasts a six-percent economic growth for Iran in case Tehran and six world powers reach a final accord on the Islamic Republic’s nuclear program.

Iran’s Hassan Rouhani is in Khorramabad visiting the general public; says government is committed to curb inflation.

Azerbaijan’s Communications and Advanced Technologies Minister Ali Abbasov plans to pay an official visit to Tehran in the second half of June to promote Tehran-Baku ties in various fields of communications and information Technology (IT).

Iranian Economy Minister Ali Tayyebnia left Tehran for Kazakhstan to attend the Fourth Ministerial meeting of the Economy Cooperation Organization (ECO) in the central Asian country.

Iran’s ambassador to Moscow and Russian deputy-minister of finance have proposed establishment of a joint financial firm.

Managing director of Iran Tractor Manufacturing Company (ITMCO) said the country sells different models of tractors to various countries around the world.

Iranˈs Ambassador to Ankara Ali-Reza Bigdeli said on Monday that the Iran-Turkey trade ceiling is set at about $16 billion for the current Iranian calendar year of 1393 (starting on March 21).

Iran exported $314.8mln worth of hand-woven carpets in the last Iranian year (March 20, 2013-March 20, 2014).

Iran’s economic minister and his Afghan counterpart have met on the sidelines of World Bank Spring meeting.