Thursday, 20 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Iran-Pakistan Trade Opportunities Discussed 01 Jan 2025

Iran-Pakistan Trade Opportunities Discussed

TEHRAN - The Head of Iran’s Trade Promotion Organization (TPO), alongside senior officials, emphasized strengthening trade ties with Pakistan during a meeting focused on export opportunities in sectors such as oil, gas, petrochemicals, polymers, and plastics.

Iran to reassess FATF bill at Expediency Council, says Pezeshkian 01 Jan 2025

Iran to reassess FATF bill at Expediency Council, says Pezeshkian

Iranian authorities will once again review the Financial Action Task Force (FATF) bill at the Expediency Council, President Masoud Pezeshkian announced in response to concerns raised by members of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) regarding obstacles for economic actors.

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union 31 Dec 2024

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, announced that a preferential trade agreement between Iran and the Eurasian Economic Union (EAEU) over the past five years has paved the way for a 2.5-fold increase in trade with member countries.

Iran appoints new representative to OPEC 31 Dec 2024

Iran appoints new representative to OPEC

Iranian Oil Minister Mohsen Paknejad has appointed Ali Mohammad Mousavi as Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC).

$80b Expected to Be Transacted  in Commercial Currency Market 31 Dec 2024

$80b Expected to Be Transacted in Commercial Currency Market

TEHRAN - The Governor of the Central Bank of Iran announced that transitioning all official foreign exchange needs to the commercial currency market is feasible. He estimated that with the launch of the commercial forex system, nearly $70 to $80 billion in transactions could take place in this market annually.

Iran’s Absence from Japan Expo Sparks Debate in Private Sector 30 Dec 2024

Iran’s Absence from Japan Expo Sparks Debate in Private Sector

TEHRAN - Following the government's announcement to withdraw from participating in the Japan Expo, members of the Iran-Japan Chamber of Commerce convened a meeting to discuss the implications and explore the possibility of private-sector involvement in the event.

Minister highlights Iran’s EAEU observer membership 30 Dec 2024

Minister highlights Iran’s EAEU observer membership

Iran’s Minister of Industry, Mining, and Trade Mohammad Atabak has stressed the significance of Iran’s observer membership in the Eurasian Economic Union (EAEU) following discussions held in Saint Petersburg during the Supreme Economic Council of the Union.

Iran in postal coop. with Russia, plans expansion to regional countries: Official 29 Dec 2024

Iran in postal coop. with Russia, plans expansion to regional countries: Official

The managing director of Iran’s National Post Company has said that the country began experimental postal cooperation with Russia two months ago.

Iran-Eurasia Trade Sees 20% Growth in Nine Months 29 Dec 2024

Iran-Eurasia Trade Sees 20% Growth in Nine Months

TEHRAN - The President of the Iranian Confederation of Exports announced a significant 20% growth in Iran’s trade with Eurasian countries over the past nine months. This development follows Iran's observer membership in the Eurasian Economic Union (EAEU), a step aimed at strengthening economic ties in the region.

Iran’s non-oil exports reach $43.14 billion in nine months 29 Dec 2024

Iran’s non-oil exports reach $43.14 billion in nine months

Iran's non-oil exports reached $43.14 billion in the first nine months of the current Iranian calendar year, marking an 18% increase compared to the same period last year, according to the head of the Islamic Republic of Iran Customs Administration (IRICA).