Iraq working on own SPV to pay off debts, continue imports from Iran
Iraq is lining up a special purpose vehicle (SPV) of its own, a mirror European trade mechanism, to pay its arrears to Iran and to continue vital gas and electricity imports from the country under US sanctions.
Iranian nano carpets exported to 25 countries in 2018
An Iranian firm producing nanotechnology-enhanced carpets exported its high quality products to 25 countries around the world in 2018.
Iran exports $2.5b of commodities to Turkey during January-May
According to the data released by Turkish Statistical Institute, the country imported $2.57 billion of goods from Iran during January-May of this year, which shows 25 percent drop from $3.435 billion in the same period of time in 2018.
‘U.S. sanctions not impeding Iranian aviation industry’s development’
Managing Director of Iran’s National Airline (Iran Air) said the U.S. sanctions have not stopped Iran’s aviation industry’s continuous development, IRNA reported.
Iran’s Ardebil, Turkey’s Van to expand economic coop.
The managing director of Ardabil Industrial Town Company met and held talks with Turkish commercial and industrial delegation on expansion of bilateral economic cooperation.
Iran to participate at EXPO 2020 Dubai
Technical and Engineering Deputy of Iran International Exhibitions Co. said on Tue. that Iran will attend Expo 2020 in Dubai to showcase the country's latest achievements, especially in sanction period.
Exporters repatriate $5bn export currency this year
Iranian Minister of Economic Affairs and Finance (MEAF) Farhad Dejpasand said that exporters repatriated $5 billion worth of export currency into economy of the country since the beginning of the current year (started March 21, 2019).
North Khorasan three-month exports up by 51% y/y
Some 29,727 tons of non-oil commodities worth over $7.996 million were exported from the northeastern Iranian province of North Khorasan in the first three months of the current fiscal (March 21- June 21), a senior official said.
TEDPIX drops 1,410 points on Monday
Tehran Stock Exchange (TSE)’s main index (TEDPIX) lost 1,410 points to stand at 247,122 points on Monday.
Iran exempted from OPEC output cut deal again
Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.