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Tasnim News

Iran, Oman officials encourage trade in local currencies

The Governor of the Central Bank of Iran and Oman’s Minister of Commerce, Industry, and Investment Development both emphasized the importance of strengthening monetary ties between the countries by using their national currencies in commercial transactions rather than the dollar.

Financial Markets

Iran’s exports exceed $32 billion in eight months

More than 90 million tons of products, valued at over $32 billion, were exported from Iran in the first eight months of the current Iranian calendar year (March 21 – November 22), according to reports by the Islamic Republic of Iran Customs Administration (IRICA).

Trade

“Iran’s non-oil exports to Iraq to hit $11 billion by March 2024”

If export barriers are removed, Iran’s export of non-oil products to neighboring Iraq will reach $11 billion by the end of the current Iranian calendar year to March 20, 2024, the chairman of Iran-Iraq Joint Chamber of Commerce said.

Trade

Iran, Turkey eye one million tons of bilateral rail transit annually

The chief executive of the Railways of the Islamic Republic of Iran (RAI) said Tehran and Ankara have targeted transporting one million tons of cargo via rail network between the two countries in the next Iranian calendar year (to start March 20, 2024).

Transportation

Q1-3 trade between Iran, India hits $1.3 billion

India’s Ministry of Commerce and Industry in its latest report said Tehran and New Delhi exchanged about $1.3 billion of products in the first nine months of 2023 (January-September).

Trade

Iran, China ink MoU for textile cooperation

Officials from Iran and China signed a memorandum of understanding (MoU) in the fields of textile industry and clothing.

Mine and Industry

Tehran, Baghdad stress bolstering bilateral ties in energy sector

Iran’s oil minister and the electricity minister Iraq emphasized the need for enhancing bilateral ties in the field of energy.

Energy

Iran, Saudi bankers discuss enhanced monetary cooperation

Bank officials from Iran and Saudi Arabia started negotiations to expand monetary, banking and foreign exchange relations between the two countries after a 7-year hiatus.

Financial Markets

Iran, EAEU trade hits $4.2 billion in seven months

The volume of trade exchanges between Iran and the Eurasian Economic Union (EAEU) member states in the first seven months of the current Iranian calendar year (started March 21, 2023) reached $4.2 billion.

Trade

Iran’s steel exports up 15% in 7 months

The Iranian Steel Producers Association (ISPA) in a report said 7.1 million tons of steel and iron products were exported from the country in the first seven months of the current Iranian calendar year.

Mine and Industry

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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