Iran and India have reached a basic barter trade deal, enabling New Delhi to purchase the Iranian oil in exchange for the Indian textile products.
Sat May 18, 2013 7:54AM
Iranian Minister of Industries, Mines and Trade Mehdi Ghazanfari says Iran and Bangladesh have agreed to triple bilateral trade over the next three years.
Mon May 13, 2013 9:4PM
An Iranian deputy oil minister says the country will account for 41 percent of petrochemical production in the Middle East within seven years.
Mon May 13, 2013 5:39PM
Iranian Oil Minister Rostam Qasemi has downplayed the West’s sanctions against Iran’s petrochemical industry, saying there is no obstacle to investment in this field.
Sun May 12, 2013 5:30AM
The second exhibition of Iranian products is underway in the Lebanese capital city, Beirut, to boost bilateral economic relations between Lebanon and Iran, Press TV reports.
Sun May 12, 2013 12:13AM
Iran currently accounts for a quarter of the Middle East’s petrochemical products, and is on course to ramp up the figure considerably in the near future, says an official in the petrochemical industry.
Sat May 4, 2013 11:17PM
Iran’s Majlis speaker says Tehran and New Delhi should boost reciprocal trade relations, and pave the way for closer cooperation between Iranian and Indian private sectors.
Sat May 4, 2013 2:43PM
Iranian Foreign Minister Ali-Akbar Salehi and his Indian counterpart Salman Khurshid have signed four Memoranda of Understanding (MoU) to expand cooperation between the two countries.
Fri May 3, 2013 9:56AM
Iran’s Ambassador to Beirut Ghazanfar Roknabadi says Iran and Lebanon enjoy very good political relations and are keen on promoting trade and economic relations to the same level.
Fri May 3, 2013 8:9AM
Indian External Affairs Minister Salman Khurshid is set to pay an official visit to the Iranian capital, Tehran, to attend the 17th meeting of Iran-India Joint Economic Commission.
Sun Apr 28, 2013 9:51AM
Iranian Ambassador to India Gholamreza Ansari says Tehran and New Delhi plan to hold a joint economic commission next week.
Sat Apr 27, 2013 11:36PM
Iran’s deputy minister of industry, mines and trade says exports of the country’s mineral industries grew by 38 percent in the last Iranian calendar year (which ended on March 20, 2013).
Fri Apr 26, 2013 9:3AM
Turkish Minister of Development Cevdet Yilmaz has called for the expansion of economic ties with neighboring Islamic Republic despite foreign pressures.
Thu Apr 25, 2013 8:25PM
Iran's Minister of Economic Affairs and Finance, Shamseddin Hosseini says US-led sanctions have not paralyzed the Islamic Republic, and pointed that some such bans have worked in favor of the country.
Thu Apr 25, 2013 4:48PM
Iran and Guinea-Conakry have discussed a plan to establish a joint investment fund for the implementation of small and medium-sized projects.
Thu Apr 25, 2013 3:10PM
Iran's ambassador to Spain, Morteza Saffari Natanzi, says the US-led Western sanctions against the Islamic republic are causing more harm to Spain than Iran.
Wed Apr 24, 2013 9:8AM
Iran's economy minister says Tehran has devised a series of strategies to counter the effects of the West’s sanctions against the country.
Sun Apr 14, 2013 11:23PM
An Iranian official says the Islamic Republic’s non-oil exports increased despite sanctions in the last Iranian calendar year, which ended on March 20, 2013.
Tue Apr 9, 2013 12:34PM
Iran has reaped USD 12 billion through exporting petrochemicals in the last Iranian calendar year which ended on March 20, a deputy oil minister says.
Thu Apr 4, 2013 7:39AM
Turkish Minister of Development Cevdet Yilmaz has called for the further expansion of economic cooperation between Iran and Turkey.
Wed Apr 3, 2013 9:4AM
The Tehran Stock Exchange (TSE) has set a new record in trading volume, surpassing the 40,000 unit mark for the first time.
Tue Apr 2, 2013 11:18PM
A senior Iranian trade official says Iran and Pakistan enjoy abundant potential for increasing the volume of their trade transactions, and called for the promotion of economic exchanges between Tehran and Islamabad.
Mon Apr 1, 2013 4:37PM
Iran and Turkey have resumed their trade of gold for natural gas and made a USD-120-million deal in February, circumventing tough US sanctions against Tehran over its nuclear energy program.
Tue Mar 26, 2013 2:29PM
An Iranian deputy oil minister says the country plans to build a new petrochemical hub in the southeastern port city of Chabahar through USD 20 billion of investment.
Tue Mar 26, 2013 10:15AM
The director of Iran’s Trade Development Organization (TDO) has estimated the total value of the country’s non-oil export of goods and services in the previous Iranian year (that just ended on March 20) at USD50 billion.
Sun Mar 24, 2013 2:43PM
India is set to sign a transit agreement with Iran, and invest over USD 100 million in the southeastern Iranian port city of Chabahar in order to facilitate the transportation of commodities to Afghanistan, Press TV reports.
Tue Mar 19, 2013 8:27AM
Iran’s Minister of Economy and Finance Shamseddin Hosseini says US-led sanctions have assisted the Islamic Republic in achieving its objective of weaning its economy off petrodollars.
Mon Mar 18, 2013 12:50AM
The managing director of the National Petrochemical Company says the Islamic Republic of Iran’s neighboring countries have demanded an increase in the export of the country’s petrochemical products.
Sun Mar 17, 2013 1:12AM
The Islamic Republic of Iran has produced over 308,000 tons of aluminum ingots in the first eleven months of the current Iranian calendar year, which began on March 20, 2012.
Sat Mar 16, 2013 9:23AM
The US has imposed sanctions on two Iranian firms, saying the companies provide insurance services to Iran's main petroleum shipper in its latest bid to mount pressure on Tehran over its nuclear energy program.
Thu Mar 14, 2013 6:20PM
Despite the US-engineered sanctions imposed on Iran, the country has managed to export nearly USD 30 billion worth of non-oil goods, excluding gas condensate, over an eleven-month period.
Thu Mar 14, 2013 12:12AM
The United States has granted new waivers on Iran sanctions to 11 countries in exchange for their reductions of purchases of Iranian crude oil.
Wed Mar 6, 2013 6:29AM
Iran, Iraq and Syria have signed a tripartite telecommunication agreement aimed at establishing an optical fiber network linking the three countries.
Tue Mar 5, 2013 2:4PM
An Iranian deputy petroleum minister says the country’s nominal petrochemical production capacity is close to reaching 60 million tons (mt).
Fri Mar 1, 2013 6:48PM
A recent report by an international think tank has warned that the US-engineered sanctions against Iran would in the long run adversely affect economic stability in the entire Middle East.
Sun Feb 24, 2013 2:38AM
India has announced that it will continue the import of urea from Iran and the Asian economic powerhouse imported nearly two million tons of the organic compound from the Islamic Republic so far this year.
Sat Feb 23, 2013 1:39PM
The Islamic Republic of Iran Customs Administration (IRICA) says the country's volume of non-oil trade has hit USD85.9 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012).
Mon Feb 18, 2013 2:17PM
The volume of Iran foreign trade exchanges has reached USD78 billion during the first ten months of the current Persian calendar year (started March 21, 2012), an official says.
Mon Feb 18, 2013 8:33AM
Head of Egypt's Interest Section in Iran Khalid al-Said Ibrahim Amari says a large Egyptian economic delegation is due to arrive in the Islamic Republic later this week.
Sun Feb 17, 2013 1:54AM
A Pakistani business delegation is in Iran to explore new avenues for trade cooperation between Pakistan’s northwestern province of Khyber Pakhtunkhwa and the southern Iranian province of Fars.
Sun Feb 17, 2013 12:33AM
The Islamic Republic has inaugurated the Middle East's largest float glass plant in Yazd province in central Iran.
Mon Feb 11, 2013 1:55PM
Iran and Pakistan have started several days of crucial talks to finalize a contract for the construction of a billion-dollar gas pipeline project between the two countries.
Sun Feb 10, 2013 4:33PM
Recent data show that the Islamic Republic of Iran was the 15th largest steel producer in the world for the year 2012.
Fri Feb 8, 2013 10:57AM
Iran and Argentina have increased bilateral trade cooperation as the two countries move to shore up diplomatic ties, a report by a foreign trade consultancy says.
Wed Feb 6, 2013 10:47PM
The United States has imposed new sanctions on Iran’s energy sector in a new attempt to force the Islamic Republic to halt its nuclear energy program.
Wed Feb 6, 2013 2:52PM
The European Union's (EU) General Court has ordered the bloc to lift sanctions against the Iranian state-owned Bank Saderat.
Tue Feb 5, 2013 1:53PM
Iran and Turkey have called for their annual trade exchanges to soar to USD35 billion from the current USD22 billion.
Sat Feb 2, 2013 6:37AM
The chief minister of the Pakistani province of Punjab has called for the expansion of relations between Tehran and Islamabad, lauding the kudos Iran has earned in the region.
Wed Jan 30, 2013 3:20AM
The President of Italy-Iran Chamber of Commerce and Industry has called for the expansion of economic relations between the two countries, saying that Rome will be Tehran’s main European trade partner for the year 2013.
Mon Jan 28, 2013 9:58AM
Fresh data show that Iran's foreign trade volume reached around $79 billion over the past ten months, despite the US-engineered economic sanctions against the Islamic Republic.