Wednesday, 19 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.

1 m barrels of iranian crude oil near Suez canal 04 Apr 2021

1 m barrels of iranian crude oil near Suez canal

According to TankerTrackers, a million barrels of Iranian crude oil is approaching the Suez Canal from the Red Sea.

Government makes efforts to remove obstacle to production 04 Apr 2021

Government makes efforts to remove obstacle to production

Iranian President Hassan Rouhani announced on Sunday that the government will make practical efforts to remove obstacles on way of producers.

Annual natural gas consumption rises 8% 04 Apr 2021

Annual natural gas consumption rises 8%

Head of National Iranian Gas Company (NIGC)’s Dispatching Department said the country’s natural gas consumption in the previous Iranian calendar year (ended on March 20) increased eight percent compared to the preceding year (1398).

Production of 8 major minerals, mining industry products up 54% in 11 months 04 Apr 2021

Production of 8 major minerals, mining industry products up 54% in 11 months

The production of eight major minerals and mining industry products has increased by an average of 54 percent in Iran in the first 11 months of the past Iranian calendar year 1399 (March 20, 2020-February 18, 2021), the latest data released by Industry, Mining, and Trade Ministry show.

Iran Posts $1.83b Trade Deficit With Turkey in Fiscal Year to March 04 Apr 2021

Iran Posts $1.83b Trade Deficit With Turkey in Fiscal Year to March

Iran’s customs office (IRICA) has updated figures related to trade with Turkey for the calendar year to March 20, 2021 as the balance of trade with the northwestern neighbor shows a deficit of $1.83 billion.

Iran’s non-oil exports exceed $65 billion 17 Mar 2021

Iran’s non-oil exports exceed $65 billion

Iran's non-oil exports reached $65 billion in one year, In a meeting with exporters in Qazvin province, Hamid Zadboum said.

Rouhani hails CBI efforts in face of sanctions 16 Mar 2021

Rouhani hails CBI efforts in face of sanctions

President Hassan Rouhani expressed gratitude to the Iranian authorities and people, especially the Central Bank of Iran, for their efforts to overcome the coronavirus pandemic in the face of US sanctions.

Oil Prices Retreat As Biden Plans Major Federal Tax Hike 16 Mar 2021

Oil Prices Retreat As Biden Plans Major Federal Tax Hike

Despite optimism from Chinese data overnight, forecasts for lower OPEC+ output, and a weaker dollar, oil prices are tumbling this morning with WTI back below $64.50...

Gold Price, Plenty of Room to Upside on Breakout Over $1744.30 16 Mar 2021

Gold Price, Plenty of Room to Upside on Breakout Over $1744.30

Gold futures are edging higher late in the session on Monday as counter-trend traders continue to build a support base.

EAEU Accounts for 3% of Iran’s Goods Trade in 11 Months 16 Mar 2021

EAEU Accounts for 3% of Iran’s Goods Trade in 11 Months

Iran’s trade with Eurasian Economic Union (EAEU) states has been valued at $1.9b in 11 months.