Oil recovers after hitting three-week low amid surging COVID-19 cases

Oil prices rose on Tuesday, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand. Brent crude was up by 29 cents, or 0.4%, at $69.33 a barrel by 0359 GMT, after falling 2.3% […]

Iran, Brazil to expand mineral cooperation

TEHRAN, Aug. 09 (MNA) – The head of Iran Mine House Mohammad Reza Bahraman said that mineral cooperation between Iran and Brazil will be expanded. Referring to the recent visit of a Brazilian delegation to the Iran Mine House, Mohammad Reza Bahraman said that in this meeting, which was attended by the Chairman of the Friendship […]

Former central banker warns Iran’s new president not to print money

The former governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has urged Iran’s next government against borrowing from the central bank to meet its budgetary needs. Hemmati wrote on his Telegram channel before the inauguration of Iran’s next President Ebrahim Raisi that “printing banknotes as a way of coping with budget deficits continued […]

All Iran-Afghanistan borders open: IRICA

TEHRAN, Aug. 02 (MNA) – According to the Spokesman for the Islamic Republic of Iran Customs Administration, Iran and Afghanistan borders have resumed their activities after a temporary closure due to internal development inside Afghan soil. Referring to the temporary closure of three Iranian borders between Iran and Afghanistan due to the tensions in this […]

President inaugurates several major housing projects

TEHRAN, Jul. 12 (MNA) – Iranian President Rouhnai inaugurated several major housing projects via a video conference on Mon. As reported, ۵۱,۲۳۰ residential units were inaugurated by Rouhani in 280 cities in 31 Iranian provinces on Monday. From among these housing units, 28,518 were constructed under Iran’s National Housing Plan. Last week, Iran’s deputy transport and urban development […]

Talks underway for getting Iraqi visa for Iranian traders

TEHRAN, Jul. 06 (MNA) – The Vice Chairman of Iran-Iraq Joint Chamber of Commerce said that talks are underway for the facilitation of issuance of Iraqi visa for Iranian traders and businesspersons. Speaking in an interview with IRNA on Tue., Shahla Omori pointed to the problems facing trade and business activity of the country for […]

Volume of trades rises by 13% in metals, minerals

Tehran (ISNA) – Within the week ending on July 2nd, 2021, the IME witnessed trade of 1,012,000 tonnes of commodities worth almost 412 million USD, with a noticeable growth of 13% in volume of trades in its metals and minerals trading platform. According to a report by the IME’s international affairs and PR, the exchange […]

Iran’s Exports of Non-Oil Goods Rise by Nearly 70% in Quarter to June

TEHRAN (Tasnim) – Iran’s exports of non-oil goods in the June quarter increased by over two thirds compared to the same quarter in 2020, figures by Iran’s customs office IRICA show. IRICA chief Mehdi Mir Ashrafi said on Thursday that non-crude exports from Iran had surged by 69% in the quarter to June 21 to […]

Trade with Eurasian Economic Union important for Iran

Tehran, March 14, IRNA – The growth of trade exchanges between the Eurasian Economic Union (EAEU) and Iran during the COVID-19 pandemic indicates the importance of international business for the economy of the Islamic Republic. The trade value increased two percent in 2020 to stand at 2 billion dollars, despite the fact that many countries […]

Iran’s Foreign Trade Surpasses $65 Billion TEHRAN (Tasnim) – The value of Iran’s foreign trade in the year that ends on March 20 has reached close to $65.5 billion, an official said. Head of the Trade Promotion Organization of Iran said at a conference on Wednesday that the value of the country’s foreign trade so […]