Sunday, 5 January , 2025
  • Netherlands Emerges as Iran’s Third-Largest Trade Partner in the EU 05 Jan 2025

    Netherlands Emerges as Iran’s Third-Largest Trade Partner in the EU

    TEHRAN - Trade relations between Iran and the European Union (EU) have seen significant growth in 2024, with the Netherlands playing a pivotal role. According to data from Eurostat, Iran-EU trade volume reached €3.4 billion in the first nine months of 2024, marking a 96% increase compared to the same period in 2023.

Uzbekistan-Iran Trade Reaches $500 Million 04 Jan 2025

Uzbekistan-Iran Trade Reaches $500 Million

TEHRAN - In a meeting with the Governor of Mazandaran, Uzbek Ambassador Fariduddin Nasriyev emphasized the potential for strengthening trade relations between Mazandaran Province and Uzbekistan.

No Exports of Technical and Engineering Services to Syria 01 Jan 2025

No Exports of Technical and Engineering Services to Syria

TEHRAN - Ali Naqavi, head of the Technical and Engineering Services Commission at the Iran Chamber of Commerce, detailed the latest developments in Iran’s export of technical and engineering services. He emphasized that despite the country’s significant potential in this sector, actual exports fall drastically short.

Iran-Pakistan Trade Opportunities Discussed 01 Jan 2025

Iran-Pakistan Trade Opportunities Discussed

TEHRAN - The Head of Iran’s Trade Promotion Organization (TPO), alongside senior officials, emphasized strengthening trade ties with Pakistan during a meeting focused on export opportunities in sectors such as oil, gas, petrochemicals, polymers, and plastics.

Iran to reassess FATF bill at Expediency Council, says Pezeshkian 01 Jan 2025

Iran to reassess FATF bill at Expediency Council, says Pezeshkian

Iranian authorities will once again review the Financial Action Task Force (FATF) bill at the Expediency Council, President Masoud Pezeshkian announced in response to concerns raised by members of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) regarding obstacles for economic actors.

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union 31 Dec 2024

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, announced that a preferential trade agreement between Iran and the Eurasian Economic Union (EAEU) over the past five years has paved the way for a 2.5-fold increase in trade with member countries.

Iran appoints new representative to OPEC 31 Dec 2024

Iran appoints new representative to OPEC

Iranian Oil Minister Mohsen Paknejad has appointed Ali Mohammad Mousavi as Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC).

$80b Expected to Be Transacted  in Commercial Currency Market 31 Dec 2024

$80b Expected to Be Transacted in Commercial Currency Market

TEHRAN - The Governor of the Central Bank of Iran announced that transitioning all official foreign exchange needs to the commercial currency market is feasible. He estimated that with the launch of the commercial forex system, nearly $70 to $80 billion in transactions could take place in this market annually.

Iran’s Absence from Japan Expo Sparks Debate in Private Sector 30 Dec 2024

Iran’s Absence from Japan Expo Sparks Debate in Private Sector

TEHRAN - Following the government's announcement to withdraw from participating in the Japan Expo, members of the Iran-Japan Chamber of Commerce convened a meeting to discuss the implications and explore the possibility of private-sector involvement in the event.

Minister highlights Iran’s EAEU observer membership 30 Dec 2024

Minister highlights Iran’s EAEU observer membership

Iran’s Minister of Industry, Mining, and Trade Mohammad Atabak has stressed the significance of Iran’s observer membership in the Eurasian Economic Union (EAEU) following discussions held in Saint Petersburg during the Supreme Economic Council of the Union.

Iran in postal coop. with Russia, plans expansion to regional countries: Official 29 Dec 2024

Iran in postal coop. with Russia, plans expansion to regional countries: Official

The managing director of Iran’s National Post Company has said that the country began experimental postal cooperation with Russia two months ago.