Category: Economy and markets
BRICS to create blockchain-based payment system_thumbnail

“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” he said […]

Iran, Ghana ink document on air transport cooperation_thumbnail

The Islamic Republic of Iran Civil Aviation Authority (ICAA) approved air transport cooperation with Ghana after the Iranian cabinet members gave their approval. The ICAA has drafted a mutual agreement on air transport between Iran and Ghana, which establishes a legal framework for the launch of flights. Following the legal procedure and coordination with the Iranian […]

Pak-Iran gas pipeline recommences after ten-year delay_thumbnail

This marked considerable progress in the Pak-Iran gas pipeline project. The approval comes as Pakistan has scrambled to avoid a staggering 18-billion-dollar fine, with the government authorizing the commencement of long-awaited work on the initial 80-kilometer phase within its borders. Analysts say the project will improve Pakistan’s energy security and support regional industries by providing […]

Makran Port operation increases port capacity by 200 mn tons_thumbnail

Reporting on the recent developments in the maritime sector in line with the policies for sustainable sea-based economy, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, said upon operation of Makran Port, which is currently under construction, the container capacity of Iran increases by 200 million tons. Only in one and a half year, […]

Tehran to host Iran-Russia Joint Economic Committee meeting_thumbnail

The meeting will be co-chaired by Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak. Iranian and Russian experts from different economic sectors will explore all avenues in 20 working groups to promote bilateral cooperation and prepare the ground for outlining a comprehensive memorandum of understanding (MOU) by beating off the existing […]

Iran-China cooperation should yield more tangible results_thumbnail

Amir-Abdollahian made the remarks in a meeting on Sunday with Iran’s ambassador to China Mohsen Bakhtiar. The minister called for more progress in the implementation of a comprehensive partnership agreement between Iran and China. He also said that Iranian Foreign Ministry’s priorities with regard to China include more cooperation between private sectors of the two […]

Major companies worldwide cut military ties with Israel_thumbnail

Japan’s Itochu, which ranks 96th on Fortune’s Global 500 list of the world’s largest companies, announced its aviation arm is ending its memorandum of understanding (MOU), or a formal agreement for two parties to collaborate, with Elbit, the Israeli regime largest military contractor. “Taking into consideration the International Court of Justice’s order on January 26, […]

7,000 factories have resumed operation with gov. support_thumbnail

President Ebrahim Raeisi made the rewmarks on a visit to Hormozgan province on Thursday morning to mark the second visit of his Popular Administration to the province. “Hormozgan, as mentioned before, has many capabilities and potnetials in the maritime economy, tourism, agriculture and industry.” Pointing out that good projects have been done in the province […]

Iran, Turkey to exchange electricity using modern technology_thumbnail

Mehdi Moghimzadeh in an interview with IRNA said that the new technology will make it possible for Iran and Turkiye to easily export electricity to Europe. “With the signing of the contract for the operation of 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkey), it is possible to exchange electricity between the two […]

Iran exports about $30 bn oil in 10-month period: IRICA Chief_thumbnail

Some 113 million tons of goods, valued at $40.5 billion, were exported from the country between March 21, 2023, and January 22, 2024, with oil, luggage trade, electricity and technical-engineering services excluded, IRICA President Mohammad Rezvanifar added. He went on to say that Iran’s export of non-oil products showed a 9.4 percent growth in weight […]

Iran, Bosnia Herzegovina confer on boosting ties_thumbnail

In this meeting, the ambassador of Iran stated, “Iran’s foreign policy strategy is to communicate with different ethnic groups and religions in Bosnia, and at the same time, we believe in and respect the territorial integrity of Bosnia.” Ebrahimi Torkaman, emphasizing the good relations between the Islamic Republic of Iran and the countries of the […]

Loading, unloading over 89m tons of goods in S Iran_thumbnail

The director general of the Ports and Maritime Department of Hormozgan Province said that 89 million and 294 thousand tons of goods were loaded or unloaded at the provincial ports. Hossein Abbasnejad went on to say that 69 million and 595 thousand of various oil and non-oil commodities were loaded or unloaded over the past […]

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