Tasnim News

Iran’s Foreign Debt Shrinks by 20%: IMF

The International Monetary Fund (IMF) in its latest report said Iran’s foreign debt has decreased by 20 percent and that it is in a better situation in this regard than 132 countries.

Macro Economy

“Iran’s exports to Iraq to hit $12 billion by yearend”

Iran’s exports to Iraq has registered an 18.5% year-on-year increase in the first five calendar months to August 22, the secretary general of the Iran-Iraq Joint Chamber of Commerce said, predicting that the value of the country’s exports to Iraq will reach $12 billion by the yearend.

Trade

Iran-Turkey trade value exceeds $3 billion in 7 months

The Turkish Statistical Institute (TURKSTAT) in its latest report put the trade exchanges between Iran and Turkey in the first seven months of 2023 at more than $3 billion.

Trade

Iran’s oil output, exports surge in August despite US sanctions

Iran’s oil production and exports jumped in August despite the US sanctions, according to consultants and companies that track tanker shipments.

Energy

Talks underway between Iran, Armenia to adjust transit fees

Talks are ongoing between Tehran and Yerevan on adjusting customs tariffs for the entry of transit trucks and streamlining customs activities electronically at the border with Armenia, an official said.

Trade

Iran grants five-year residency to foreigners investing $100,000

Foreign investors will receive a residence permit for a period of five years once they transfer at least $100,000 to the country, Iran’s minister of economic affairs and finance said.

Iran Economy

Iran, India set to ink long-term Deal on Developing Chabahar Port

Tehran and New Delhi are expected to sign a long-term deal for the development of Iran’s Chabahar Port by September before the Global Maritime India Summit 2023 scheduled to be held in New Delhi in October, two people familiar with the matter stated.

Transportation

Major Iranian automaker sends 2nd batch of cars to Venezuela

Iran’s second largest car manufacturing company "SAIPA" has forwarded another batch of its high-quality cars to Venezuela under an automotive export and joint manufacturing deal signed between the two countries in June.

Mine and Industry

Official puts non-oil exchanges between Iran, China at $7.8 billion

The president of the Islamic Republic of Iran Customs Administration (IRICA) put the non-oil trade exchanges between Iran and China in the first three months of the current Iranian calendar year (March 21 to June 22, 2023) at $7.8 billion.

Trade

SP Gas Field Phase 11 platform successfully installed

The platform of phase 11 of the South Pars Gas Field was installed in the Persian Gulf by the expert engineers of the National Iranian Oil Company (NIOC).

Energy