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Economy news

Tehran, Baku stress expansion of banking ties

TEHRAN – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand said on Thursday that Iran and Azerbaijan should take necessary measures to expand their economic ties, especially in the banking sector, IRNA reported. The official made the remarks in a meeting with Azerbaijan’s Deputy Prime Minister Shahin Mustafayev in Tehran. …

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Monthly non-oil exports from PSEEZ rise despite sanctions

TEHRAN – The value of non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh increased 39 percent in terms of weight and five percent in terms of value, in the Iranian calendar month of Aban (October 23-November 21) compared to the last year’s same period, …

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Govt. to provide $14b for importers of basic goods next year

TEHRAN – Iran’s deputy finance and economic affairs minister says the government has provisioned $14 billion of official-rate foreign currency in the next Iranian calendar year (March 2020-March 2021)’s budget bill for imports of basic goods, Mehr news agency reported on Wednesday. Importers of rice, barley, corn, edible oils, oilseeds, …

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Agreement to promote bilateral trade inked between Iran, Belarus

TEHRAN – Iran, and Belarus signed an agreement on Wednesday for promoting mutual trade, IRIB reported, quoting the spokesman of the Islamic Republic of Iran Customs Administration as saying. According to Rohollah Latifi, the agreement was signed by the Head of Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mirashrafi, …

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Oil ministry to hold innovation event in mid-Dec.

TEHRAN – Iranian Oil Ministry plans to hold the country’s first innovation event in the oil industry, in mid-December, Shana reported. The event dubbed “Petroleum Take-Off”, is going to focus on gathering and integrating various technology fields in the oil industry’s supply and demand sectors.To be attended by the country’s …

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Iran, Kyrgyzstan open new chapter in economic relations

TEHRAN – Iran’s capital hosted the 12th Iran-Kyrgyzstan Joint Economic Committee meeting on December 3-4, during which the two sides discussed numerous issues regarding expansion of trade ties. The event was co-chaired by Iranian Minister of Transport and Urban Development Mohammad Eslami and Kyrgyzstan’s Minister of Transport and Roads Janat …

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TPO to dispatch trade-marketing delegation to Russia in mid-Feb. 2020

TEHRAN- Trade Promotion Organization of Iran (TPO) plans to dispatch a trade and marketing delegation to Russia during February 9-13, 2020, TPO portal published. The Iranian delegates are active in the fields of agriculture, foodstuff, and fisheries. Also as previously announced, a 23-member trade delegation from Russia’s Samara City is …

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