Tag: Economy
Non-oil export stands at $15b in near 5 months
TEHRAN- The head of Iran’s Customs Administration said: Non-oil exports from the beginning of this Iranian year (March 21) until August 16 have reached nearly $15 billion, and imports have reached $17 billion, although compared to the same period last year, there has been an average decline of 24 percent.
South Pars first refinery ready for sustainable gas production
TEHRAN- The acting manager of South Pars First Refinery announced the successful completion of the refinery’s major overhaul within one week and said: The refinery is now ready for sustainable production during the cold season.
Iran, Belarus to expand agricultural cooperation
TEHRAN- Iran’s Deputy Agriculture Minister for planning and Economy Affairs met with the Minister of Agriculture and Food of Belarus, emphasizing the development of bilateral cooperation in the fields of agricultural fertilizers, machinery, and joint investment.
From south to north: How Iran is redefining trade routes in crisis times
TEHRAN- As geopolitical tensions continue to strain maritime traffic through the Strait of Hormuz, Iran has demonstrated that its foreign trade is far from vulnerable. By rapidly developing northern ports and expanding railway infrastructure, the country is successfully diversifying its trade routes and ensuring the continued flow of essential goods.
Canada battles the clock, politics in scramble to avert Trump’s tariffs
Canadian officials are making a last-ditch effort to negotiate a reprieve from 50-percent tariffs.
Iran economy minister dismisses U.S. “unprecedented” threat as policy frustration sign
TEHRAN- In response to U.S. Treasury Secretary Scott Bessent’s recent warning that Washington would impose measures against Iran “never seen before,” Iran’s Economy Minister Seyed Ali Madanizadeh characterized the remarks not as a display of American strength but as an indication of policy frustration after repeated pressure campaigns have failed to yield their intended results.
Iran, Iraq move to remove barriers to banking relations
TEHRAN, Aug. 17 (MNA) – Iran’s Central Bank Governor Abdolnasser Hemmati held separate meetings with his Iraqi counterpart Nizar Nasser Hussein and Finance Minister Faleh Sari during his visit to Baghdad, focusing on banking and economic cooperation.
Draft remarks by Dr. Madanizadeh on U.S. treasury secretary’s recent statements
TEHRAN- The U.S. Treasury Secretary’s recent remarks and his attempt to portray Iran’s economy as being in “unprecedented isolation” are less a sign of strength than an indication of policy frustration after failing to achieve the intended objectives against the Iranian people. When successive instruments of economic pressure have been tested without producing the expected…
CBI governor consults in Iraq on financial claims, technical co-op, strategic economic ties
TEHRAN- On the second day of his visit to Iraq, Abdolnaser Hemmati, the Governor of the Central Bank of Iran (CBI), met and held talks with Faleh Sari, Iraq’s Minister of Finance, regarding outstanding financial claims, as well as technical and economic cooperation.
Tehran, Baghdad discuss ways to expand economic relations
TEHRAN, Aug. 17 (MNA) – Central Bank of Iran (CBI) Governor Abdolnasser Hemmati and Iraqi Trade Minister Mustafa Nazar Alani explored avenues for facilitating trade and economic relations and removing obstacles hindering trade between the two states.