Iranian ambassador to Moscow, Mehdi Sanaei, said Iran and Russia’s economic relations have hit $500 million worth of trade, saying the level could be raised even higher given the two countries’ vast potentials. Sanaei made the remark in a national conference on multilateralism in Iran’s foreign policy on Sunday. “Unfortunately, the previous round of sanctions […]

Iranian Parliament Speaker Ali Larijani, who is in Beijing atop a high-ranking politico-economic delegation, said common interests between Iran and China have resulted in a growth in bilateral cooperation. Larijani made the remark upon arrival at the Beijing airport on Tuesday morning. The two-day visit is made at the invitation of Li Zhanshu, chairman of the […]

The Radio France says that it is unlikely that the newly unveiled trade mechanism by EU for trade with Iran will have significant impact on Iran-Europe trade relations, adding that the channel can only be used by small companies. Three major European countries, France, Germany, and the UK, announced the establishment of INSTEX (Instrument in […]

During weekdays ending up to December 20, approximately 269,869 million tons (MT) of commodities worth over $285 million were traded on Iran Mercantile Exchange (IME). According to the report from IME International Affairs and Public Relations Department, last week, on the domestic and export metal and mineral trading floor of IME, 99,699 MT of various […]

 In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran’s only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically. After years of negotiation, Iran has awarded the development project of this port […]

 In southeastern Iran, on the Sea of Oman, there is a port city called Chabahar which is the home for Iran’s only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically. After years of negotiation, Iran has awarded the development project of this port […]

 Iran’s exports of non-oil commodities to the Persian Gulf littoral states exceeded $6.5 billion during the past eight months of the current fiscal year (March 21- Nov. 21). Data released by the Islamic Republic of Iran Costumes Administration show Iran’s exports to Oman, the UAE, Qatar, Bahrain and Kuwait surpassed $6.5 billion during the period, […]

 The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions. Hossein Tanhaee, the chairman of Iran-South Korea Chamber of Commerce, told IRNA news agency on Saturday that the mechanism will act very […]

Some 233 thousand tons of bananas worth 217 million dollars have been imported to the country during the first half of the current Iranian year, experiencing a drop by 33.32% in weight and 19.30% in value compared to the same period last year. About 233,772 thousand tons of fresh or dehydrated bananas have been imported to […]

 Iran’s non-oil exports to Europe during the first half of the present Iranian calendar year 1397 (March 21- September 22) increased by 112.9 percent in terms of weight and 26.33 percent in terms of value,Reported according to the latest data released by Islamic Republic of Iran Customs Administration (IRICA). During the first six months of […]