Press TV | Iran Chamber Newsroom

Iran says disputed gas field with Kuwait ’not a big problem’

Iran believes a dispute with neighboring Kuwait surrounding a gas field in the Persian Gulf is not a big problem as a senior diplomat says the issue can be resolved given the good relations that exist between the two countries.

Energy

Iran’s annual inflation rate drops 0.8% in August

Figures by the Iranian government’s statistics agency the SCI show the headline inflation rate in the country fell slightly in the calendar month to August 22.

Macro Economy

Iran’s seven-month trade with China at $8.54 billion

Iran-China trade had reached $8.54 billion in the first seven months of 2023, according to latest data by the Chinese Customs Authority.

Trade

Iran’s wheat output reaches milestone of 10 million mt

Iran’s ministry of agriculture says this year’s domestic wheat purchases have reached a milestone of 10 million metric tons (mt).

Agriculture and Environment

Report reveals more details of unblocking Iranian funds in South Korea

The process to unblock Iran’s funds in South Korea that have started under an emerging prisoner swap deal between Iran and the US would take at least four weeks, according to a report published by a local Iranian news agency.

Iran Economy

Iran’s oil exports exceed budget target of 1.4 million bpd

Iran’s crude oil exports has already hit a target set in the country’s annual budget law despite US sanctions as authorities expect even higher sales could boost government finances and help finish major infrastructure projects.

Energy

Iran’s domestic wheat purchases surge by more than a third

Iran has reported a major surge in domestic wheat purchases with an official in the country’s agriculture ministry (MAJ) saying that purchases have risen by 37% in the harvest period between April and early August compared to the same period last year.

Agriculture and Environment