Bangladesh Determined to Deepen Ties With Iran
Bangladesh Embassy in Tehran on Saturday held a ceremony and reception at Parsian Evin Hotel of Tehran to celebrate the Independence Day.
Oil Projects Worth $14.5b to Go Operational by Yearend
Oil Minister Javad Owji said that 64 new and semi-completed oil industry projects with a total investment of $14.5 billion are going to be completed and go operational throughout the country by the end of the current Iranian calendar year (March 19, 2024).
Major Copper Smelter Opened in Iran’s Azerbaijan
Iran has opened a new copper cathode production plant in its northwestern Azerbaijan region where the country’s second largest copper reserves are located.
Trade With Neighboring States Grows 14.5% y/y
Official figures published by the Iranian Economy Ministry show that trade exchanges between the Islamic Republic and its neighboring countries witnessed a 14.5-percent growth in value during the last Iranian calendar year 1401 (March 21, 2022-March 20, 2023).
Efforts Underway to Turn Iran Into Gas Hub
Given that Iran holds the second rank in the world in terms of gas reserves, the oil minister said, the country is trying to have a gas hub in Assalouyeh region, Bushehr province, in cooperation with Russia, Turkmenistan and Qatar.
2 Iranian Banks to Set Up Branches in Brazil Soon
Chairman of Iran-Brazil Joint Chamber of Commerce says two Iranian banks will open soon their branches in Brazil while the first trade delegation of Iran will be dispatched to Brazil by the yearend.
Iran, Uzbekistan Discuss Bilateral Ties
Iran’s Caretaker Minister of Industry, Mine and Trade Mehdi Niazi has met with Uzbekistan’s Prime Minister Abdulla Nigmatovich Aripov for talks focused on ways to expand bilateral relations in political, economic, trade and cultural fields.
Tehran, Moscow Boost Use of National Currencies in Trade by 60%
The Head of Iran-Russia Joint Chamber of Commerce, Hadi Tizhoush Taban, said that the share of the Russian ruble and the Iranian rial in mutual settlements between Russia and Iran currently exceeds 60 percent, according to head of Iran-Russia Chamber of Commerce.
Uzbek Trade Delegation Is to Visit Tehran Mid-June
Director-General of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA)’s International Department Shahram Khasipour says that resolving the issues related to transportation and banking transactions is the prerequisite for the expansion of trade ties between the two countries.
Iran’s Hand-Woven Exports Down by almost 85%
Head of Association of Handmade Carpet Sellers says Iran’s hand-woven carpet exports declined by 85% last year, adding that foreign customers of Iranian carpets have decreased.