Iranian Finance

  • Eyeing closer ties, Pakistan’s new premier invites President Raeisi to Islamabad

    Eyeing closer ties, Pakistan’s new premier invites President Raeisi to Islamabad

    Apr 19, 2022 11:40

    Pakistan’s newly-appointed Prime Minister Shahbaz Sharif has invited President Seyyed Ebrahim Raeisi on an official visit to Pakistan, hoping to establish closer relations with Tehran.

  • Iran imposes 18% tariff on exports of raw steel, cement

    Iran imposes 18% tariff on exports of raw steel, cement

    Apr 16, 2022 16:41

    Iran’s ministry of trade (MIMT) has imposed a tariff of 18% on exports of raw steel, cement and some key metals to prevent supply shortages and price rises that could cause problems for local industries.

  • Russia: Iranian clothing brands to replace Western labels in national market

    Russia: Iranian clothing brands to replace Western labels in national market

    Apr 15, 2022 11:00

    While Moscow faces increasing Western sanctions over the war in Ukraine, Western clothing brands are now expected to be replaced with Iranian ones in the Russian market over a span of three years.

  • Iran’s annual trade with neighbors rises by 43%

    Iran’s annual trade with neighbors rises by 43%

    Apr 12, 2022 11:13

    The value of Iran’s trade exchanges with fifteen neighboring states in the previous Iranian year (ended on March 20) stood at around $52 billion, showing a 43% increase compared to a year earlier, a deputy minister announced.

  • Russia, Iran hold major economic forum to expand ties

    Russia, Iran hold major economic forum to expand ties

    Apr 07, 2022 18:14

    Russia has hosted a major economic forum attended by a large Iranian delegation as the two countries seek to expand their trade and economic cooperation.

  • Iran vehicle output down 2.9% in year to March

    Iran vehicle output down 2.9% in year to March

    Apr 07, 2022 07:50

    Iran’s vehicle output declined slightly in the year to late March, shows figures by the Ministry of Industry, Mine and Trade (MIMT), amid government plans to introduce reforms in major automotive companies to boost both quality and quantity of the cars produced inside the country.

  • Iran’s second oilfield in Fars begins producing 10,000 bpd

    Iran’s second oilfield in Fars begins producing 10,000 bpd

    Mar 23, 2022 04:37

    Iran has begun production from the second oilfield in southern Fars province at a rate of 9,000 barrels per day (bpd), the CEO of the National Iranian Oil Company (NIOC) has said.

  • Leader: Economy should not be tied to sanctions

    Leader: Economy should not be tied to sanctions

    Mar 21, 2022 14:10

    Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned state officials against making development of Iran’s economy conditional on the removal of sanctions, saying that the country should be run in a way that it would not be hurt by sanctions.

  • Iran’s steel exports up 17% y/y in 11 months to February

    Iran’s steel exports up 17% y/y in 11 months to February

    Mar 15, 2022 18:10

    Iranian steel exports have ramped up in the 11 months to February 19, according to figures by the state-run mining and metals holding IMIDRO, as the country continues to use increased proceeds from trade of metals to offset the impact of American sanctions on its crude exports.

  • UK paper: Iran’s economy proved resilient in face of sanctions

    UK paper: Iran’s economy proved resilient in face of sanctions

    Mar 12, 2022 17:41

    A weekly newspaper says Iran’s economy was hurt badly by sanctions in recent years, but it did not collapse due to its resilient nature caused by export diversification, import substitution and flourishing stock market, among other strength factors.