Iranian heavy crude oil price rises 5.3% in September: OPEC
Iranian heavy oil price increased $3.74 in September to register a 5.3-percent rise compared to the previous month, according to OPEC’s latest monthly report published on Wednesday.
Tehran-Islamabad FTA Needs to Be Signed
Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mr. Gholam-Hossein Shafei during a trade webinar called for signing the free trade agreement between Iran and Pakistan.
Iran Exports to Turkmenistan on Growing Trend
Chairman of Iran–Turkmenistan Joint Chamber of Commerce Majid Mohammadnejad says Turkmenistan is interested in cooperation with Europeans and it can sound a warning to Iran and Turkmenistan’s neighboring provinces.
Tehran Ready to Resume Exports to Riyadh
Director General of Business Development Services at Trade Promotion Organization says Iran is ready to resume exports to Saudi Arabia if the tension between two countries is reduced and their political ties are restored.
IMF Revises Iran Economic Growth Projection to 2.5%
The International Monetary Fund (IMF) has lowered its expectation of Iran’s economic growth for 2021 by 0.7% to 2.5%, according to a latest document published by the Fund
Iran able to export engineering, technical services to many countries
Head of Iran’s Planning and Budget Organization (PBO) has said many of the countries in the region are seeking the Islamic Republic’s engineering and technical services and the country can provide them with such services, IRNA reported.
Foreign-Made TVs Account for 40% of Iran’s Market
Although the country is in under sanction and imports of foreign-made TVs is banned, LG, Samsung and Sony are dominating brands in Iran’s TV market.
Iran urges G-24 to provide financial support to developing countries
The governor of the Central Bank of Iran (CBI) has stressed the need for the financial support of developing countries during the pandemic, in a virtual meeting of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) on Monday.
Industry Ministry inks MOU with Energy Ministry to build 10,000MW of power plants
Iranian Industry, Mining and Trade Ministry has inked a memorandum of understanding (MOU) with the Energy Ministry for constructing 10,000 megawatts (MW) capacity of power plants across the country.
Iran Importing Tea From Germany
Executive Manager of Iran’s Tea Factories Syndicate Mohammad Sadeq Hassani says that Iran has exported 10,000 tons of tea for 97 cents per kilo in the first five months of the current year and in return the country has imported some 33,437 tons of tea for $5 per kilo.