Category: Economy and markets
Palestinian Al-Aqsa Storm Op. shuts down 46k Israeli firms_thumbnail

These media outlets also confessed that Operation Al-Aqsa Storm inflicted heavy economic damages and losses on the Zionist regime. It is expected that the number of Zionist companies shut down as a result of the operation will reach 60,000 by the end of 2024, the media reported. According to some economic institutions of the Zionist regime, […]

Tehran, Moscow to strengthen local currencies_thumbnail

Deputy  Governor of the Central Bank of Iran (CBI) Mohsen Karimi said, “The monetary agreement made between two central bank represents a channel for money mass exchange between the two countries. This is the approach to de-dollarization and mitigation of sanction risks, and this measure is not exposed to sanctions. In other words, no sanctions […]

Iran’s non-oil exports to Afghanistan increases to $123m_thumbnail

Hossein Roustaei said that Iran’s export of non-oil products to Afghanistan increased in the first three months of the current Iranian calendar year (March 21 to June 22, 2024). Iran’s export of non-oil products to Afghanistan exceeded $517 million between March 21 to June 22, 2024, showing a 31 and 23 percent growth in value […]

Iran, Russia emphasize boosting financial-banking cooperation_thumbnail

Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin met and held talks with his Russian counterpart Elvira Nabiullina on the sidelines of the International Banking and Financial Forum held in St. Petersburg. During the meeting, the two sides discussed bilateral ties and issues of mutual interest. The meeting was also attended by […]

Owji says new gas MoU with Russia will turn Iran to a gas hub_thumbnail

Speaking in a radio interview on Thursday a day after the Iranian National Gas Company (NIGC) and the Russian company Gazprom signed a memorandum of understanding for gas transfer from Russia to Iran, the Iranian oil minister said that the deal with Moscow will sharply increase Iran’s share in the international gas market. “With this agreement, […]

Iran-Turkiye trade hits $1.75 billion in four months_thumbnail

The figure shows a 2% growth compared to $1.72 billion reported in last year’s corresponding period. The report also indicated that the volume of trade between the two neighboring countries stood at $386 million in April 2024, a 12% increase compared to the same month of 2023. Turkiye exported some $1.05 billion worth of commodities […]

Agrofood exports increase 28% in two months yr/yr_thumbnail

Agricultural exports also rose by 24 percent in terms of weight, the Islamic Republic of Iran Customs Administration (IRICA) announced. Iran exported some 1,260,000 metric tons (mt) of agricultural products worth $536 million in the same period last year. In terms of value, the main agricultural items exported in the mentioned period are apples worth […]

Iran, Russia working on single BRICS currency: envoy_thumbnail

Iran is actively participating in the activities organized under Russia’s chairmanship in BRICS, and the countries are working to create a single currency for the association, Jalali said in a press conference during “Russia – Islamic World: KazanForum”. The ambassador noted that Iran, as a new member state of the association, is conducting large-scale work […]

Industry minister unveils “map30” locomotive_thumbnail

TEHRAN, May 13 (MNA) – The Iranian-made MAP30 cargo locomotive was unveiled during a ceremony on Monday in Alborz Province in the presence of Iranian Industry, Mining and Trade Minister Abbas Ali-Abadi and CEO of Mapna Group.

Iran, India to launch joint shipping company_thumbnail

Mehrdad Bazarpash made the announcement on the sidelines of the signing ceremony of a contract for equipping and operating a container terminal and general cargo barges at Chabahar Port with an Indian company while speaking to reporters there on Monday. “We have regular planning in the development of rail, road and sea infrastructure and the […]

Cuban companies keen on signing energy contracts with Iran_thumbnail

Alberto Gonzalez Casals told Shana on the sidelines of the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2024) in Tehran that his country does not have significant energy resources, so they are keen on the import of Iranian oil products, a report by the Iranian oil ministry’s news website said. […]

Steel production in Iran grows by 16% in Q1 2024: Report_thumbnail

The report added that the volume of steel production in the world in the 3-month period has risen by 0.5 percent. More than 469 million tons of steel was produced across the world in January-March 2024, 161.2 million tons of which was produced in March 2024. Iran has produced 7.6 million tons of steel from […]

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