IRNA

Iran’s parliament OKs setting up free trade zone on Afghanistan border

Iranian lawmakers have approved a bill to establish the Dogharoon Special Economic Zone on the Iran-Afghanistan border.

Trade

Iran, Iraq agree to complete Shalamcheh-Basra railway

Iran and Iraq have agreed to continue their bilateral cooperation to establish joint industrial zones and complete the Shalamcheh-Basra railway.

Transportation

Iran capable of transmitting 1 bcm/d of gas to different areas: Official

Iranian Gas Transmission Company (IGTC) is capable of transmitting as much as 1 billion cubic meters per day (bcm/d) of gas to different parts of the country, IGTC managing director announced.

Energy

Official report puts Iran’s four-month foreign trade at $35.5 billion

Iran has exchanged as much as $35.5 billion worth of goods with different world countries in the first four months of the calendar year (March 21 – July 21), according to a recent report by the Islamic Republic of Iran’s Customs Administration (IRICA).

Trade

Iran, Pakistan eying 5 billion euros in annual trade exchanges

Iranian Foreign Minister Hossein Amirabdollahian explained the outcome of his visit to Pakistan, and said that the two countries are determined to increase the value of their trade exchanges to over five billion euros.

Trade

Future of Iran’s economy tied to expansion of trade with Africa: Official

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari says future of Iran’s economy is tied to promotion of trade with the African continent which he said can lead to increased durable exchanges for Iran.

Trade

Iran not to tolerate violation of rights in disputed gas field: Minister

Iran will not tolerate any violation of its rights in shared fields and the country will pursue its interests in shared Arash gas field, according to Oil Minister Javad Owji.

Energy

Iran to refer frozen funds dispute with South Korea to arbitration

Tehran has officially started the process of referring the dispute with South Korea over Iran’s blocked funds in Seoul to international arbitration.

Iran Economy

Iran’s domestic wheat purchases hit nearly 7.3 million mt

The Chief Executive Officer of the Government Trading Corporation (GTC) of Iran says that wheat purchases from domestic farmers in Iran has reached 7.297 million metric tons (mt) since purchases began in late April.

Agriculture and Environment

Envoy names Turkiye as 3rd trade partner for Iran

Iran’s Ambassador to Ankara Mohammad Hassan Habibzadeh has termed the northwestern Iranian neighbor Turkiye as the country’s third biggest trade partner, accounting for 24% of Iran’s trade exchanges.

Trade