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Already robust, Iran-Brazil trade likely to burgeon under Lula
May 02, 2023 14:31Trade between Iran and Brazil is robust despite US sanctions on the Islamic Republic, but prospects for better economic relations are rising as President Luiz Inacio Lula da Silva is seeking to reset the South American country’s relationships with allies.
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Iran’s foreign debt down 25.7%in 11 months to Feb: CBI
Apr 28, 2023 07:57Central Bank of Iran (CBI) figures show that foreign debt owed by the country dropped by more than a fourth in the 11 months to late February.
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Syrian President demands utilizing new prospects for enhancement of economic cooperation with Iran
Apr 27, 2023 14:01Syrian President Bashar al-Assad has called for utilization of new prospects of economic cooperation and trade ties with Iran, as the two Muslim countries explore ways for closer interaction in the fields of transportation sector, technical and engineering services, and stronger trade exchanges.
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Official forecasts Iran’s wheat production at 12 million tonnes
Apr 25, 2023 16:14Iran expects to reap 12 million tonnes of wheat this year at a time of rising concerns over food supplies because of the ongoing war between major wheat producers Russia and Ukraine.
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Iran, Venezuela sign new MoUs to expand oil cooperation
Apr 17, 2023 06:11Iran and Venezuela have signed a series of Memoranda of Understanding (MoUs) to expand oil sector cooperation between the two countries, according to a report by Iranian oil ministry’s news service Shana.
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Russia begins fuel export to Iran by rail: Report
Apr 11, 2023 16:27The Russian Federation has started fuel supplies to the Islamic Republic of Iran by rail in the current year for the first time after traditional buyers slashed their business activity with Moscow due to the Ukraine war.
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Domestic demand for steel account for 87% of Iran’s output: ISPA
Mar 29, 2023 17:23Figures by Iranian Steel Producers Association (ISPA) show domestic demand for steel increased significantly in the 11 months to late February as steelmakers supplied some 87.8% of their products to domestic customers over the period.
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Iran says forex situation improved by diplomatic overtures
Mar 20, 2023 07:50The Central Bank of Iran (CBI) says the foreign exchange situation in the country has been improved by diplomatic overtures with Saudi Arabia and the United Arab Emirates (UAE).
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Iran launches banking scheme to offer factoring services
Mar 15, 2023 17:45Iran’s finance ministry (MEAF) has launched a first scheme that allows businesses to use factoring services backed by the country’s banking system.
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Iran building paper-making factory in Venezuela
Mar 15, 2023 15:57The Iranian minister of culture reported of the joint construction of a paper factory in Venezuela, holding cultural weeks and the establishment of a joint educational working group to combat media terrorism with Caracas.