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.

Goldman Sees Brent Oil at $75 22 Feb 2021

Goldman Sees Brent Oil at $75

Oil prices will rally sooner and higher than previously thought as the global energy demand recovery outpaces the supply response from the OPEC+ alliance, shale, and Iran, according to Goldman Sachs Group Inc.

Iran, S Korea reach new agreement on easing money transfer 22 Feb 2021

Iran, S Korea reach new agreement on easing money transfer

The Islamic Republic of Iran and South Korea agreed on the way of transferring and using a part of Iran’s blocked assets in South Korea.

Tehran, Rome Explore Ways of Expanding Economic Ties 22 Feb 2021

Tehran, Rome Explore Ways of Expanding Economic Ties

Ambassador of Italy to Tehran Giuseppe Perrone in meeting with Head of Iran Chamber of Cooperative (ICC) Mr. Bahman Abdollhi explored ways to boost economic relations between the two countries.

Ground Ripe for Launching Megastores in Latin America 22 Feb 2021

Ground Ripe for Launching Megastores in Latin America

Head of the Commission for Trade Development and Non-Oil Export Development of Iran Chamber of Cooperatives Babak Afghahi believes the ground is ready for Iran.

Turkish, Chinese Auto Parts Replace European-Made Ones 21 Feb 2021

Turkish, Chinese Auto Parts Replace European-Made Ones

Head of Union of Vehicle Auto-Parts of Tehran says sanctions have affected the market of auto parts in the country and currently the Chinese and Turkish-made auto-parts have replaced their European likes.

Japan, UNIDO Sign MoUs on Cooperation in Tehran 20 Feb 2021

Japan, UNIDO Sign MoUs on Cooperation in Tehran

Some memorandum of understandings (MoUs) on gratuitous aids were signed between the Japan Embassy and representatives of UNDP and UNIDO in Tehran on Wednesday.

Is This Oil Rally The Start Of Something Much Bigger? 17 Feb 2021

Is This Oil Rally The Start Of Something Much Bigger?

Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.

Iran’s Economy Under Sanctions 15 Feb 2021

Iran’s Economy Under Sanctions

Iran had barely started to reap the economic benefits of its 2015 nuclear deal with world powers when Donald Trump withdrew and imposed sanctions so tight they plunged the country into its worst economic crisis since the 1980s.

Oil rises on fears of heightened tensions in Middle East 15 Feb 2021

Oil rises on fears of heightened tensions in Middle East

Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.5%, to $60.33 a barrel.

Chabahar port’s capacity developed to 8.5m tons 14 Feb 2021

Chabahar port’s capacity developed to 8.5m tons

Development of Chabahar Port in southeastern Iran raised capacity to load and unload more than 8.5 million tons of goods a year, a local official said on Sunday.