Category: Economy and markets
Iran ready to resolve global energy crisis if sanctions lifted: minister_thumbnail

TEHRAN – Iranian Oil Minister Javad Oji has said the country is ready to resolve the global energy crisis provided that the oppressive U.S. sanctions are lifted. “The Islamic Republic has shown several times its goodwill to help stabilize the oil market and resolve the global energy crisis, but the oppressive U.S. sanctions hinder us […]

Heads of chambers of commerce meet industry minister to discuss export issues_thumbnail

TEHRAN –Heads of Iran’s chambers of commerce and some of the country’s exporters held a meeting with the country’s Industry, Mining, and Trade Minister Seyyed Reza Fatemi Amin on Saturday to discuss major issues in the way of export development, IRIB reported. The meeting was also attended by the Head of the country’s Trade Promotion […]

Iran’s export to Uzbekistan jumps 370%_thumbnail

TEHRAN – Iran’s export to Uzbekistan has risen 370 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, the portal of Iran’s Trade Promotion Organization (TPO) reported. Uzbekistan was Iran’s second export destination after the Russian Federation […]

H1 tax revenues rise 62% year on year_thumbnail

TEHRAN – Iranian National Tax Administration (INTA) managed to collect 1.38 quadrillion rials (about $32.85 billion) of tax revenues during the first six months of the current Iranian calendar year (March 21-August 22), to register a 62 percent rise compared to the previous year’s same period, an official with the mentioned administration told ISNA. According […]

Exports from mining sector rise 126% in 5 months on year_thumbnail

TEHRAN- The value of Iran’s exports from the mining sector stood at $5.088 billion in the first five months of the current Iranian calendar year (March 21-August 22), registering a 126 percent increase compared to the figure for the same five months in the previous year. Based on the official data, Iran exported 21.978 million […]

Major economic issues explored at TCCIMA board meeting_thumbnail

TEHRAN- The 26th meeting of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Board of Representatives was held on Tuesday in which major economic issues were discussed. As reported by the TCCIMA portal, barriers to the activity of startups, the benefits of joining the Shanghai Cooperation Organization, review of macroeconomic indicators of the […]

Exporting 2m tons of fruits on agenda_thumbnail

TEHRAN – Head of Tehran Fruit and Vegetable Traders Union has said his union is planning to export over two million tons of fruits in the current Iranian calendar year (ends in March 2022), ILNA reported. “This year, our total production will be 4.5 million tons, of which 2.5 million tons will be consumed domestically, […]

Smuggled goods worth $47.5m discovered in a week_thumbnail

TEHRAN – Smuggled goods worth 2 trillion rials (nearly $47.5 million at the official rate of 42,000 rials) have been seized across the country over the past week, through the ninth phase of a nationwide plan to fight against smuggling. Under the plan, police detectives identified the location of the depot through round-the-clock efforts and […]

Steel products export rises 88% in 5 months on year_thumbnail

TEHRAN- Iran’s export of steel products increased 88 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year. Based on the data released by the Iranian Steel Producers Association (ISPA), 1.399 million tons of steel products was exported […]

‘Renovation of shipping fleet a necessity for Iranian maritime trade’_thumbnail

TEHRAN – The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety, so buying new ships and renovating the existing […]

Transit of goods via Shahid Rajaee port up 100% in 5 months yr/yr_thumbnail

EHRAN- Transit of goods through Shahid Rajaee port, Iran’s largest and best-equipped container port, increased 100 percent in the first five month of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, according to a provincial official. Alireza Mohammadi Karajiran, the director-general of Ports […]

Iran’s exports to Iraq impacted by bureaucracy, high tariffs_thumbnail

TEHRAN – Setting high tariffs and complicated visa issuance procedures for Iranian businessmen by the Iraqi government has been negatively affecting the Islamic Republic’s exports to the Arab neighbor, a member of the Iran-Iraq Joint Chamber of Commerce board of directors said. “Iraq has imposed severe restrictions on issuing visas to Iranian businessmen and has […]

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