Talks to build a short railroad link between Iraq’s southern port city of Basra and the Iranian town of Shalamcheh are nearing completion, according to a tweet from the office of Iraqi Prime…
Economy
Economy
The Targeted Subsidies Organization has allocated 4 trillion rials ($17.5 million) for importing 10 million doses of Sinopharm vaccine. The Targeted Subsidies Law of 2010 authorized the…
Economy
Iran and Russia traded $2.5 billion worth of goods in the last Iranian year (ended March 20, 2021), according to the head of the Islamic Republic of Iran’s Customs Administration Mehdi…
Economy
Iran is the last juicy-sized market that needs an airline re-fleet. Other markets have been able to acquire aircraft as needs evolved. The country has seen its airline fleet nearly…
Economy
About 40,000 tons of products worth $101 million were exported from Qeshm Island in the last Iranian year (March 2020-21). Director General of Qeshm Customs Department Ali Homayouni said that…
Economy
The National Iranian Drilling Company has allocated $23 million for upgrade drilling devices and equipment, a NIDC official said. “Over 220 devices will be upgraded including fluid pumps, chart…
Economy
Afghanistan’s Islam Qala border crossing with Iran has been closed to travelers due to heightened concerns over the spread of Covid-19. Herat governor’s office, however, stressed that the…
Economy
Finalizing ongoing negotiations with Iran for the expansion of a preferential trade agreement with Turkey is a priority, the country’s Energy and Natural Resources Minister Fatih Donmez said on…
Economy
The 25-year strategic agreement between Iran and China that made headlines this past month is far from new. Preliminary plans were first announced in 2016 during a state visit by Chinese…
Economy
Pakistan’s Interior Minister Sheikh Rashid Ahmed said the government has decided to open two new crossings at Chowk Aap and Jalgi (Buleda) that border Iran. He stated this in a tweet after a…
Economy
A new railroad running between Khaf in Iran and Herat in Afghanistan has generated much optimism in the two countries, as it has the potential to boost bilateral travel and trade.
Economy
The recently finalized 25-year comprehensive cooperation agreement between Iran and China has been referred to in the media as a “game-changer,” a “breakthrough” and a “major geopolitical shift…
Economy
The International Monetary Fund expects the inflation rate in Iran to rise to 39% in 2021 from 36.5% last year and the unemployment rate to increase from 10.8% to 11.2%. In its new World…
Economy
Tehran Stock Exchange’s benchmark index shed 558 points or 0.7% during the week that ended December 28 to end at 79,692.
IFX, the over-the-counter Iran Fara Bourse’s main index lost 6.7…
Economy
Iran's Ambassador in Moscow Kazem Jalali said the recent blockage of the Suez Canal by a huge container ship has once again highlighted the importance of the International North–South Transport…
Economy
Iran’s handwoven carpet production increased by 34% in the first 10 months of last Iranian year (March 20, 2020-Jan. 21) compared with the similar period of the preceding year, the head of…
Economy
India expects to start full-scale operations at Iran’s Chabahar Port by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of…
Economy
A new EU helpdesk for European SMEs and the slow progress of INSTEX were among a wide range of topics discussed at the Europe-Iran Business Forum on 1-3 March. Ambrosetti Middle East and…
Economy
India has proposed the inclusion of Chabahar Port in the International North-South Transport Corridor, the country’s External Affairs Minister S. Jaishankar said on Thursday, expressing hope…
Economy
India will supply four more mobile harbor cranes to Iran's Chabahar Port by the end of June this year, a government official said on Friday. In January, India supplied Chabahar Port a…
Economy
There have been no requests for Iran's accession to the Eurasian Economic Union, Iya Malkina, an aide to the chairman of the board of Eurasian Economic Commission, said on Feb. 17 while…
Economy
Esfahan Steel Company (ESCO) was awarded the National Medal of Honor in a ceremony held to mark the 24th National Export Day on Monday. Mansour Yazdizadeh, CEO of the company, received the…
Economy
The Fourth Iran-Iraq Economic Commission meeting opened in the Iranian capital Tehran on Tuesday. Held after a six-year hiatus, the two-day event is attended by high-ranking officials from both…
Economy
Iran’s GDP in 2020-21 is estimated to contract by 3.7% due to a dual contraction of the non-oil and oil sectors. The World Bank’s growth forecast remains moderate compared to regional…
Economy
The World Bank expects Iran’s economy to bounce back from negative growth in 2021 with 1.5% expansion in gross domestic product. In its latest Global Economic Prospects report published in 2021…
Economy
