Tehran, Damascus Call for Establishing Joint Bank
senior officials from the Syrian ministries of Finance, and Economy and Trade, in which the two sides stressed accelerating the process for establishing an Iran-Syria joint bank.
Materializing Iran-Iraq $20b Trade “Possible”
Head of the Iran-Iraq Joint Chamber of Commerce believes Iran and Iraq can touch the set target for boosting their trade volume to $20b and it is up to the foreign ministry to use its potentials for boosting trade.
World Trade Rebound Is Fragile
The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter.
President Orders Formation of Committee for Trade with Neighbors
Iranian President Hassan Rouhani ordered the formation of a committee comprising multiple organizations tasked with facilitating and promoting trade with neighboring states.
IME Weekly Trade Surpasses $221m
IME announced that 543,582 tons of commodities, valued at over $221 million, were traded in its domestic trading and export halls in the week ending October 8.
Rouhani Orders Minister to Form Iran Trade Database
Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade.
Foreign Trade Exceeded $24b in Five Months: IRICA
The Islamic Republic of Iran Customs Administration (IRICA) said the country’s foreign trade has exceeded $24.6 billion in the first five months of the current year.
Iran-Russia Trade Volume Hits $1.8b
Head of Iran-Russia Joint Chamber of Commerce Mr. Hadi Tizhoosh-Taban says the current trade volume of Iran and Russia is around $1.8b and Iran’s share of exports from this figure is $500m to $600m.
Iran FM: Limits on Arms Trade to Be Lifted by the End of October
Iran’s Foreign Minister Mohammad Javad Zarif said the limits on arms trade with Iran will be lifted by the end of October.
US Tech Stocks See Worst Decline since March
US stocks ended a volatile session with major averages mixed, as declines in technology shares continued after a five-month rally came to a halt last week.