7 Countries Account for 90% of Iran Foreign Trade
Head of Joint Iran-China Chamber of Commerce says Iran's economy today is at the "most dangerous historical point of inflation in the last four decades" and there is a possibility of a "hyperinflation" and a sharp rise in price of commodities.
Pakistan Seeks Free Trade With Iran
The adviser to the Prime Minister on Commerce and Investment of Pakistan Abdul Razak Dawood says his country seeks free trade, adding that this meeting will be the beginning for resolving problems in the trade between the two states.
Oil Ministry Not to Wait for JCPOA Talks
Oil Ministry will not wait for the decisions and negotiations, Minister of Petroleum said on Thursday after 22nd OPEC and non-OPEC Ministerial Meeting.
Leap in Tehran-Algeria Trade Depends on Removing Hurdles
In a webinar held on Wednesday, Iran and Algeria’s Chambers of Commerce reviewed ways to boost bilateral trade and using the barter trade mechanism to increase the bilateral trade to $2b.
Small-scale power plants’ output hits record high of 1,100MW
Head of Iran Grid Management Company (IGMC) has said the generation capacity of the country’s small-scale power plants reached 1,100 megawatts (MW) during the current year’s summer peak consumption period (June 22- September 22), IRNA reported.
Iran Needs $160b of Investment in Its Oil Projects
About $160 billion should be spent on projects in Iran's oil and gas sectors, the country's Oil Minister Javad Owji said.
Transit of goods via Iran increases 81% in 7 months on year
Transit of goods via Iran has risen 81 percent during the first seven months of the current Iranian calendar year (March 21-October 22), as compared to the same period of time in the past year, the head of Islamic Republic of Iran Customs Administration (IRICA) announced.
No Bright Economic Future Without JCPOA, FATF
Head of Iran-Switzerland Joint Chamber of Commerce believes there is no bright economic future for the country without the JCPOA and joining the FATF.
Iran Seeks Resumption of Oil Sales to India
Iran’s ambassador to India says Tehran expects New Delhi to resume oil purchases from Iran. He added Iran’s Foreign Minister Hossein Amir Abdollahian plans to visit India later this month.
India removes restrictions on Iranian cargo ships
India’s Mundra Port has reportedly reconsidered its decision on not handling Iranian cargoes as of November 15, Masoud Polmeh, the secretary-general of Shipping Association of Iran (SAOI) announced.