Neighbors top priority in economic ties: Key presidential candidate

Presidential candidate Seyyed Ebrahim Raeisi says he will work, if elected, to promote the country’s economic relations with its neighbors first, and the rest of the world community next, as part of the measures on his agenda to tackle the people’s economic problems.

ICCIMA president, Bulgarian amb discuss boosting economic ties

President of Iran Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) says Iran and Bulgaria could strengthen their cooperation in automobile parts manufacturing, tourism, food industries and agriculture.

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Bulgarian ambassador to Tehran visits Iran Chamber of Commerce

Ambassador of Bulgaria to Iran Nikolina Kuneva visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with Gholam Hossein Shafei, president of the ICCIMA.

Iran cuts $5.4bn worth of imports by boosting local manufacturing

Figures by Iran’s ministry of industries (MIMT) shows that a campaign to launch local manufacturing for imported goods and machinery helped cut the government’s imports bill by around $5.4 billion in the 18 months to late March.

Iran, EU trade at €1.05 billion in Q1 2021

Iran’s trade with 27 members of the European Union (EU) reached €1.05 billion worth of goods and commodities in the first quarter of 2021, to post a 3.15% decline compared with the previous year’s corresponding period.

Iran disconnects crypto miners from grid amid power outages

Iran’s state electricity company Tavanir has started disconnecting legal miners of cryptocurrency from the country’s national power grid amid a record surge in electricity use that has caused brief outages in large cities.

Iran, UK private sectors eye sanctions relief, discuss trade ties

Businesses from Iran and the United Kingdom as well as UK government officials have attended meetings in the embassies of the two countries in Tehran and London to discuss potentials for increased trade and economic cooperation in the near future.

Iran, EEU annual trade at $3.4 billion

Iran and the Eurasian Economic Union member states traded 8.68 million tons of commodities worth $3.4 billion in the last Iranian year (March 2020-21), according to the head of the Islamic Republic of Iran Customs Administration.

Iran launches $1.3bn worth of petchem projects

Iranian President Hassan Rouhani has inaugurated three more petrochemical plants in the country with an investment of over $1.3 billion as he hails his government’s records in job creation and improved manufacturing activity through the expansion of the country’s petchem sector.

Iran completes strategic oil pipeline bypassing Strait of Hormuz

Following completion of a key oil export pipeline that bypasses the Strait of Hormuz, the National Iranian Oil Company will start exporting crude oil from its new terminal at Jask off the Oman Sea in June, the oil minister said.