IRNA

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

Turkmenistan joins INSTC corridor

After Iran, Russia and India accepted the accession of Turkmenistan to the International North-South Transport Corridor (INSTC), the country could join the multi-modal transportation project.

Transportation

Iran’s currency rallies against US dollar

Iran’s national currency, the rial, is slowly rallying against the US currency, according to reports from the unofficial exchange market in the capital Tehran.

Financial Markets

Iranian diplomat calls BRICS currency ’amazing’ development

The potential launch of a gold-backed BRICS currency, which could be supported by 41 large and influential economies, would weaken the dollar-euro domination in the global economy and would benefit countries such as Iran, an Iranian diplomat has said.

Financial Markets

Iran’s Q1 exports of mining products at $3.3 billion

Iran has exported some 15.812 million metric tons (mt) worth as much as $3.32 billion of mining products in the first three months of the current calendar year (March 21–June 21), an official report says.

Mine and Industry

Iran’s Q1 unemployment rate at 8.2%

According to a new report by the Statistical Center of Iran (SCI), Iran’s unemployment rate, the proportion of the jobless population of ages 15 and above, stood at 8.2% in the first quarter of the current Iranian year (March 21-June 21).

Macro Economy

Iran buys over 5 million mt of wheat from domestic farmers in 100 days

Iranian government has bought more than 5 million metric tons (mt) of wheat from domestic farmers in the first 100 days of national wheat purchase operation, according to the country’s ministry of agriculture (MAJ).

Agriculture and Environment