
Iran Wants to Use its Assets with Turkish Banks to Buy Goods
Tehran has called on Ankara to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through ...

Foreign investment in Iran soars 97% in 5 months
Iran attracted $2.351 billion of foreign investment during the first five months of the current Iranian calendar year (March 20-August 21), up 97 percent compared to the same period last ...

India may resume oil imports from Iran
India may pursue a case for resumption of oil imports from sanction-hit Iran and Venezuela once the Joe Biden administration takes charge in the US. Sources in the Oil Ministry ...

Iran’s first export consignment arrives in Afghanistan via long-awaited railroad
The first consignment of Iranian export goods has arrived in Afghanistan through the long-awaited Khaf-Herat railroad, which is slated to be officially inaugurated in the coming days. The cement shipment ...

Oil price declines extend amid OPEC+ uncertainty, COVID-19 spread
Oil prices retreated Dec. 1 amid uncertainty surrounding an expected extension of OPEC+ production quotas after the group delayed its meeting to Dec. 3. OPEC is hoping a couple of ...

No possibility to develop trade with Turkey; official
Head of Iran-Turkey Joint Chamber of Commerce Mehrdad Saadat Dehghan criticized Turkey’s inspection process at the border checkpoints which harms the export and transit of the goods to or through ...

Iran seven-month exports of steel products hit 4.3m tons
Iranian steelmakers exported 4.3 million tons of steel products worth about $1.6 billion during the first seven months of the current Iranian year (March 20-October 21), of which 76.8 percent ...

SP condensate storage project nearing completion
The project for the construction of Iran’s South Pars strategic storage facilities is nearly finished and the storages will be officially inaugurated in near future. According to a report by ...

Iran Puts into Service 3 Petrochemical Projects Worth $1bn
Iran has inaugurated several major petrochemical projects, taking yet another step toward meeting domestic needs. Speaking at a ceremony where the projects were put into service, Petroleum Minister Bijan Namdar ...

UAE loosens rules on foreign ownership of firms to lure investors
The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported on Monday, in the country’s latest bid to boost its ...