Turkey has proposed establishing a joint bank with Iran for facilitating trade between the two countries, IRNA reported citing an article published in the Turkish newspaper “Dünya”. “Establishing a joint bank through which the two sides could conduct bilateral trade and businesses without the need for U.S. dollar would be the final step for developing […]

 The number of trading codes issued in Tehran Stock Exchange (TSE) has increased 45 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, TSE spokesman Hamid Rouhbakhsh told IRIB on Monday. Some 72,000 trading codes have been issued in the TSE since […]

Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj says costly transport has had a negative impact on the volume of trade transactions between Iran and Mongolia. Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj made the remarks in a meeting with Mongolia’s Deputy Foreign Minister Mrs. B. Battsetseg, which took place in Tehran on Sep. 4, according […]

 China’s crude imports from Iran in August have reached 874,000 b/d which is the highest record in oil trading of the two countries. The last record high was in April 2014 when china imported 803,000 b/d from Iran. As reported by S&P Global Platts, the imports in August included barrels directly shipped to China and […]

The Iranian Intellectual Property Center and the Danish Patent and Trademark Office inaugurated their three-year close cooperation within the area of intellectual property (IP) rights on Tuesday in a bid to make a closer tie between Iran and Denmark on protection of IP in Iran, to ease attract foreign investments into the Asian country and […]

 Trade Promotion Organization (TPO) of Iran plans to dispatch a trade delegation to Omani capital Muscat from October 7 to 11, TPO website published. The Iranian delegates active in the fields of maritime logistic services and port industries will be sent to Oman to visit Supply Chain & Logistics Expo 2018 which will be held […]

The Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh announced that Iran and Iraq have agreed to eliminate US dollar from trade transactions between the two countries. “US dollar has been removed from the list of currencies used by Iran and Iraq in their trade transactions and they are using Iranian rial, euro and Iraqi […]

 Islamic Republic of Iran will mend and drill Iraqi oil wells in Basra and Zubayr regions. A Memorandum of Understanding (MoU) was inked between National Iranian Drilling Company (NIDC) and Iraqi Osool Al Ayan Company with the aim of drilling and repairing oil wells in Iraq’s southern regions of Basra and Zubayr. Deputy CEO of […]

Vice Chairman of Sulaymaniyah Governorate Chamber of Commerce said that US anti-Iran move will have no effect on the economic ties between Iran and Iraqi Kurdistan region. Trade and business ties between Iran and Kurdistan of Iraq continued despite US imposition of sanctions against Iran, so that bilateral relationship has experienced an ascending trend in […]

 Iran has exported 20,917,000 tons of mineral products, valued at some $3.763 billion, in the first fourth month of current [Iranian calendar] year 1397 (March 21 – July 22). According to a report published by Islamic Republic of Iran Customs Administration (IRICA), Iraq, China and United Arab Emirates (UAE) had a total of 40 percent […]