Iran’s trade with ECO members exceeds $10b in 7 months
Iran’s trade with the members of the Economic Cooperation Organization (ECO) reached about $10.2 billion in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 4.5 percent rise year on year.
Iran, China reach new agreements under 25-year partnership
Iran’s Finance and Economic Affairs Minister Ehsan Khandouzi said the 25-year strategic partnership plan between Iran and China has entered a new phase with new agreements being reached between various ministries of the two countries, IRIB reported.
‘OBOR initiative to facilitate Iran, China economic development’
Iranian Industry, Mining, and Trade Minister Abbas Aliabadi has said the One Belt One Road (OBOR) initiative is going to facilitate both Iran and China’s economic development, IRNA reported.
Iran-EAEU trade value exceeds $4.2b in 7 months
The value of trade exchanges between Iran and the Eurasian Economic Union (EAEU) in the first seven months of the current Iranian calendar year (March 21-October 22) reached $4.258 billion, IRIB reported on Sunday, quoting an official with the Islamic Republic of Iran Customs Administration (IRICA).
ECO members sign MOU on establishing EU-China transport corridor via Iran
The transport ministers and representatives of the member states of the Economic Cooperation Organization (ECO) signed a memorandum of understanding (MOU) on the creation of a new transport corridor from China to Europe via Iran, Turkey, Turkmenistan, and Uzbekistan in Tashkent on Thursday.
Iran, Iraq stress using national currencies in bilateral trade
Iran and Iraq have stressed the need to use the national currencies of the two countries to enhance mutual trade relations, Mehr News Agency reported.
Iran rises 10 places in terms of economy among 191 countries: IMF
The International Monetary Fund (IMF), in its latest World Economic Outlook Report dubbed “Navigating Global Divergences”, has positively revised its forecast for Iran's gross domestic product (GDP) growth in 2023, expecting the country’s economy to grow 3.0 percent this year.
Iranian oil production reaches 3.4 million bpd
The spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said that Iran’s oil production has increased to 3.4 million barrels per day (bpd), despite the U.S. sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.
East Azarbaijan, A Beautiful Tourism Attraction Not to Be Missed
TEHRAN – On October 18-21, Tabriz hosted the 2nd International Tourism Exhibition as well as the 10th National Handicraft Exhibition which was organized by the Union of Tourism Associations of East Azarbaijan with collaboration with Cultural Heritage, Tourism and Handicrafts of East Azarbaijan and the event was aimed at promoting tourism and cultural and handicrafts of the province for attracting more tourists either domestic and foreign ones.
Iran, Russia to invest $38b in developing INSTC
Iran and Russia are going to invest about $38 billion in the development of Trans Caspian shipping lines as part of the International North-South Transport Corridor (INSTC), Iran’s Maritime News Agency (MANA) reported.