Iran looks to import medicine from Brazil, India

Tehran wants to offset possible shortages of certain medicine following the US sanctions by luring investment from Brazil and India.

Iran, Pakistan sign road transport agreement to boost trade

International transport and transit between Iran and Pakistan can finally connect East Asia to Europe via roads.

Iran to sell 3mn barrels more of its crude on Energy Exchange

Irans highest oil official says the third offering could take place "as early as next week" after one million barrels were sold in October and November dealings.

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Swiss companies refuse Iran trade out of fear of US retaliation

Iran-Switzerland Joint Chamber of Commerce President, Sharif Nezam-Mafi says US sanctions have hindered the flow of vital medicine into the country, leading to a shortage of much-needed cancer drugs, especially for kids. He says Swiss companies do not deal with Iran out of fear of retaliatory US measures.

Chinese company develops Iran’s Abadan refinery

Although Chinese state-controlled oil company has been reportedly foreced to cease operations at the largest natural gas reserve in the Persian Gulf, another Chinese company is still operating in Iran.

Iran unveils upbeat budget despite US sanctions

The bill defies unilateral US sanctions and goes against forecasts the economy will shrink next year.

Iran’s Golestan province exports hit $200m in 9 months

The province is located on the southern shores of the Caspean Sea and shares border with Turkmenistan, one of the main markets for the Iranian goods.

Indian firm takes over operations at Iran Chabahar Port

India is keen on open another route to its vital Afghan marke and that goes through Irans southwestern Chabahar Port[ a key and strategic transit road that bypasses Pakistan and paves the way for a faster development of Afghanistan.

‘Swiss payment channel with Iran could be in place by mid-January’

European countries have been trying to create a legal financial mechanism to keep up trade with Iran after Donald Trump Administration withdrew the US from the 2015 nuclear deal in May.

Iran agro exports set record high of $4.5bn

Iraq and Afghanistan are the top destinations of Iranian food products as Tehran seeks to bolster its regional economic ties. Germany is Iran’s only European market.