Iran’s agriculture minister says dairy export to China will amount to $2 billion in the next two years.
Iran’s second largest carmaker Saipa has finalized a contract to launch exports to Russia amid efforts by Iranian automotive companies to expand their presence in the Russian car market.
Iran has raised the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers, a report says.
Iran has reported a significant increase in its production of aluminum amid a broader boom in activity in the country’s metals sector.
The Central Bank of Iran (CBI) is launching a new center for exchange of foreign currencies and gold amid efforts to prevent a further decline in the value of national currency the rial.
China commits to some $8.1 billion worth of investment and finance to Iran’s agriculture projects.
Iran and China have a potential to triple the value of their annual trade to over $70 billion, according to a senior Iranian businessman who coordinates private-sector trade between the two countries.
Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other countries under a swap arrangement.
Figures by the Central Bank of Iran (CBI) show the country’s economy continued to grow in the second quarter of the calendar year that started in March 2022 despite continued economic pressure caused by American sanctions.
Russia will reportedly replace German-made hydropower-plant turbines with Iranian-made ones as Western sanctions have halted operations of Siemens in Russia since February 2022.