Iran has agreed to import tea from Sri Lanka to settle an old debt owed by the country for imports of oil from Iran.
The first freight train to run from Pakistan to Turkey through Iran has departed after a 10-year hiatus in a major boost to the trading credentials of the three founders of the Economic Cooperation Organization (ECO).
Iranian steelmakers have managed to sell more shipments to foreign customers this year despite increased American pressure on the country’s trade and banking relations with other countries.
Iran Khodro, the biggest automobile producer in the Middle East, has reactivated its assembly line for production of Samand sedans in Senegal, its deputy director for exports and international affairs says.
Iran’s Vice President Mohamamd Mokhber has announced the country’s full preparedness for rolling out coronavirus booster vaccinations amid efforts by the government to prevent a fresh surge in the number of infections.
Iran plans overseas farming in Brazil and Russia to grow crops and secure a stable supply amid surging food prices and lingering drought.
Iran’s rials has hit a two-year low against major international currencies amid growing speculative fervor in the market about how a new round of talks between the country and world powers on reviving a 2015 nuclear deal will proceed in Vienna in the coming weeks.
The Iranian customs office (IRICA) says one of its main checkpoints on the eastern border with Afghanistan has resumed processing trade cargoes after a brief closure that was caused by clashes in the region.
Iran cut sugar imports by 12% in the eight months to late November amid a major rise in domestic output, says an official in the country’s Government Trading Corporation (GTC).
Iran’s aluminum production rose by 23% in the seven months to October 22, shows a report, as the country continues to expand its production capacity for precious metals.