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Financial Tribune

Iran e-transactions up 14% in H1

E-lectronic payments processed by Iran’s domestic payment network Shaparak grew 14.8% in the first half of the current fiscal year (started March), compared to the same period last year.

Financial Markets

Iran, Turkey to resume electricity exchange after six years

Iran will resume power exchange with Turkey in the near future based on a back-to-back letters of credit system, Iran’s energy minister said.

Energy

Iran’s five-month non-oil trade with Caspian Sea states hit $1.6 billion

Iran’s trade (excluding crude oil exports) with Caspian Sea littoral states reached 2.97 million tons worth $1.63 billion during the first five months of the current fiscal year (March 21-Aug. 22), registering a 12.42% and 42.27% year-on-year rise in tonnage and value respectively, according to the Islamic Republic of Iran Customs Administration.

Trade

FAO expects 13.5% growth for Iran’s cereal production in 2022

The Food and Agriculture Organization of the United Nations expects Iran’s total cereal production to increase by 13.5% in 2022 compared with last year to reach 20.3 million tons.

Agriculture and Environment

Iran to begin overseas mining in Afghanistan next month

Iran will initiate mining operations in Afghanistan’s Ghor Province within a month, local officials were quoted as saying by Fars News Agency.

Mine and Industry

Iran plans for annual 20 million tons of polymer output

The installed capacity for polymer production is expected to reach 20 million tons per year in the seventh five-year development plan (2022-27).

Mine and Industry

Iran’s five-month trade with Latin America down 42% YOY

Iran traded 247,879 tons of non-oil goods worth $284.98 million with Latin American countries during the first five months of the current fiscal year (March 21-Aug. 22), registering a 72.52% and 42.13% year-on-year decline in weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.

Trade

Mehran border crossing reopens for Iranian exports to Iraq

Trucks resumed exports across the Iran-Iraq border at Mehran in Ilam Province on Sept. 24 after a 20-day closure due to the Arbaeen pilgrimage, said Rouhollah Gholami, a local official.

Transportation

Iran’s five-month gas exports grows 19% YOY

Iran’s gas exports have increased by 19% in the first five months of the current Iranian year (March 21-Aug. 22), compared with the same period of last year, managing director of the National Iranian Gas Company said.

Energy

Iran flag carrier launches Tehran-Munich flight

Iran’s flag carrier airline, Iran Air, has launched Tehran-Munich flights, its fourth air route to Germany.

Transportation

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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