Iran’s non-oil trade with Africa hits $600m
Financial Tribune – Iran’s exports to African states stood at $513.51 million from March 21 to Dec. 21, indicating a 6.86% increase,…
Economy
Launch of SPV by three European members of JCPOA to be announced
IRNA – An informed European official said that Special Purpose Vehicle (SPV) will be announced by the three countries of Britain, France…
Araghchi says 8 months too long for establishing SPV
MNA – The Iranian Deputy Foreign Minister Seyed Abbas Araghchi said Monday that 8 months is too long for establishing the Special-Purpose…
Iran’s seafood exports hits $260m in nine months
IRNA – Iran exported seafood valued at more than $260 million during the nine months from March 21-Dec 21, 2018 indicating a…
NIOC plans next round of IRENEX oil sale for early February
MNA – The National Iranian Oil Company (NIOC) has planned to offer a million barrels of crude oil on the Iran Energy…
Iran, Pakistan to discuss FTA next month: Pak daily
IRNA – A Pakistani English news daily has reported that Iran and Pakistan will hold further talks on Free Trade Agreement (FTA)…
Tehran to build several power plants in Syria – Iran’s vice president
Sputnik – Iran will build several power plants in Syria within the framework of a memorandum on economic cooperation with Damascus, the…
Iran’s exports of greenhouse products hits $350m
IRNA – Managing Director of Iran’s Agricultural Township Corporation emphasized that in the 9 months of this current Iranian year (starting in…
Iranian firm to help build dam in Tanzania
Financial Tribune – The Iranian firm won the bid in a tough competition with foreign rivals like Italy’s Electroconsult and Australia’s professional…
Persian Gulf Star Refinery’s 3rd phase to come on stream soon
MNA – The third phase of the Persian Gulf Star Refinery (PGSR) would be inaugurated concurrent with the ten-day celebration of Islamic…
Senior banker welcomes Central Bank of Iran’s interest payment rule
Financial Tribune – A decision by the Money and Credit Council – a policymaking body – to scrap overnight interest payments has…
Iran kicks-off construction of petro-refinery on Oman coast
IRNA- Director of the projects of the National Iranian Petrochemical Company said that the construction of a large petro-refinery complex began in…
Iran’s rank improves 9 steps in Knowledge-based economy
IRNA – An Iranian official pointed to the improvement of Iran from the standpoint of the Knowledge-based Economy Index, and said that…
Iran not relying on Europe in economic issues: Zarif
Tasnim – Iranian Foreign Minister Mohammad Javad Zarif said the country is not pinning hopes on Europe to counter the US economic…
Trump warns Europeans not to try to evade Iran sanctions
AP — The Trump administration is closely eyeing efforts in Europe to set up an alternative money payment channel to ease doing…
Iran: Swiss financial channel not related to SPV, aimed at expansion of bilateral ties
FNA – The Iranian foreign ministry announced on Monday that the financial channel launched by Switzerland to further develop relations with Tehran…
Iran immediately launching its own cryptocurrency to build Iranian version of SWIFT
Coingape – The latest report unveils Iran’s upcoming move of launching state-backed cryptocurrency this week. The move is intending to skirt US sanctions and…
Iran, India launch shipping lane
Tasnim – Iran and India launched a shipping lane that connects India’s Mumbai to the Iranian southern port cities of Chabahar and…
UK says no Iran role in Iraq ‘fanciful’ but chides reliance
Press TV – The UK has acknowledged that it is unreasonable to expect Iraq to sever relations with neighboring Iran but called…
Kermanshah exports register 50% rise in 10 months
MNA – Close to 4.783 million tons of commodities worth $2.376 billion were exported from the western province of Kermanshah in the…
Afghanistan to send 1st Indian cargo via Chabahar next month: report
MNA – The first export cargo from Afghanistan to India will be shipped through Iran’s Chabahar port within the next month using…
Japan’s Cosmo Oil resumes intake of Iranian crude: source
MNA – Cosmo Oil has started loading its first Iranian crude oil cargo, the latest Japanese refiner to resume import of Iranian…
Iran to cover political risks of foreign investment
IRNA- The caretaker of the Organization for investment Economic and Technical Assistance of Iran underlined that the economic risks are covered by…
Iran, Syria to enhance economic, investment coop.
MNA – Iranian Minister of Roads and Urban Development Mohammad Eslami and an accompanying delegation conferred with Syrian Prime Minister Imad Khamis…
Car buyers: Let competition prevail
Financial Tribune – 47.4% of the participants said they fully back a free car market where supply and demand determine prices. They…
Lingering recession in Tehran housing market
Financial Tribune – The number of home deals in the capital saw a decline of 64.6%, while home prices rose 90.8% year-on-year…
Sanctions ‘blessing in disguise’ for Iran to unlock potentials
MNA – Months have passed since US President Donald Trump started his hawkish game against the Islamic Republic, but Tehran is still…
Iran’s carpet, handicrafts exports hits $258m in 9 months
IRNA – Iran exported 12,000 tons of carpet and handicrafts worth around $258 million over the first nine months of the current…
Daily gas output from Iran’s South Pars hits 600mln cubic meters
Tasnim – The total volume of natural gas daily produced in Iran’s South Pars gas field has reached 600 million cubic meters…
US trying to portray uncertain future for Iranians: VP
Tasnim – Iranian First Vice-President Eshaq Jahangiri highlighted the US government’s endless enmity toward the Islamic Republic and said Washington is seeking…
Lordegan petchem plant nearly complete
SHANA — The CEO of Lordegan Petrochemicals Company said the plant’s construction had progressed 94.27 percent and was expected to come online…
Iran, Syria hold high joint committee technical meetings
MNA – The preparatory technical meetings of the Syrian-Iranian Joint High Committee began Saturday at the Damascus-based Dama-rose Hotel . Iran’s Deputy…
Iran-Turkmenistan trade balance hits $312m
IRNA – A senior official says trade between the two countries in this current Iranian year (stated March 21) was $312 million,…
As sanctions impede business, where next for Iran-Italy relations?
Bourse and Bazaar | Giacomo Bogo: Iran-Italy relations, which date back to the time of the Roman and Persian empires, are marked…
Iran and the EU, in the same boat until 2020
Iranian Diplomacy – Will Iran remain in the nuclear deal? Why have Europeans failed so far to fulfill their commitments under the…
Why Rouhani should think beyond price controls to contain inflation
Al-Monitor | Navid Kalhor: Turbulent fluctuations in the value of the Iranian currency on the open market in 2018 led to the…
Russia Power Machines Co. signs MOUs in Tehran
Financial Tribune – Iranian companies active in the water and power sector signed memorandums of understanding with the Russian Power Machines Company…
Europe taking final steps to implement SPV, says German envoy
MNA – The German Ambassador to Iran Michael Klor-Berchtold says that the European Union will implement the promised financial channel to Iran…
Iran announces oil discovery in untapped region
RT – Iranian Oil Minister Bijan Zanganeh has told the media that the national oil company NIOC struck light sweet oil in…
Tehran, Ankara resolute to strengthen all-out relations: Iran’s VP
MNA – The Iranian Vice President for Economic Affairs Mohammad Nahavandian said that Iran and Turkey are determined to deepen their fully-fledged…