Russians Are Top Foreign Investors in Iran
Deputy Minister and Head of Organization for Investment Economic and Technical Assistance of Iran says Russians have been the biggest foreign investors in the country as they have invested $2.7b and mainly in two oil projects in Iran.
Over 300m square meters of ceramics, tiles produced in 9 months
Production of ceramics and tiles in Iran stood at 332 million square meters in the first nine months of the current Iranian calendar year (March 21-December 21, 2022), according to the data released by Industry, Mining and Trade Ministry.
Tehran to Host Biggest Gathering of Construction Industry of Asia
Tehran will host the biggest and most specialized international gathering of constructors, producers and exporters of construction industry in March.
Tehran, Tokyo Mull Finding Mechanisms to Broaden Trade
Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mr. Gholam-Hossein Shafei in meeting with senior advisor to Japan Chamber of Commerce and Industry Ms. Yuri Konno on Tuesday said that the trade ties between Iran and Japan have become pale because of sanctions, adding that both sides are working to find suitable ways to broaden their trade ties.
$500m Worth of Contracts Awarded to Revive Oil Wells
Iran’s state oil company the NIOC has awarded some $500 million worth of contracts to domestic companies to revive low-production oil wells in the country.
Rial-Ruble share exceeds 60% in Iran-Russia trade
The share of the ruble and the rial in mutual settlements between Iran and Russia exceeds 60 percent, Vyacheslav Volodin, the speaker of Russia’s State Duma, stated.
Iran Debt Claims From Iraq “Over $5b”
Secretary of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) Hamid Hosseini says Iraq’s debt to Iran is more than $5b and Baghdad has to pay its debts if it wants to continue trade with Iran.
Iran’s FTA With EAEU to Be Operationalized in September
Head of Iran's Trade Promotion Organization (TPO) Alireza Peyman-Pak says member states of Eurasia in the small and medium industries like apparel, food industries, parts and equipment, medical equipment and medicines do not have brands but they are strong in other fields like crude oil, basic goods, coke, sheet and iron ore and Iran can take advantage in these fields.
Handmade Carpet Exports Down by 85%
Head of Association of Handmade Carpet Sellers says the exports of handmade carpets have declined by 85% and the markets for exports have been narrowed.
New Step for Observing Int’l Marine Conventions
The CEO of Persia Hormoz Ship Repair Yard Company says according to the ballast water management convention requirements, the ballast water management devices should be installed on the ships active in the domestic and international waterways and this action has started for installing ballast water management processing devices on the Islamic Republic of Iran Shipping Line Group (IRISL) fleet.