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IRNA

’South Africa invites Iran FM to BRICS Summit 2023’

South Africa has invited the Iranian Foreign Minister Hossein Amirabdollahian to attend an upcoming BRICS Summit in the country, according to Iran’s deputy foreign minister for economic diplomacy.

Iran Economy

Iran, Oman ink four major cooperation agreements

Iran and Oman have signed four documents of cooperation during the visit of sultan of Oman to Iran.

Iran Economy

Iran expects domestic wheat purchases to reach 8 million mt this year

Iranian government expects it will buy as much as 8 million metric tons (mt) of wheat from domestic farmers in the current harvesting season ending late July, according to the head of the country’s Plan and Budget Organization.

Agriculture and Environment

Iran urges ACU member states to trade in local currencies

Governor of the Central Bank of Iran (CBI) has underlined the need for the member states of the Asian Clearing Union (ACU) to trade in their national currencies and other not commonly used currencies.

Financial Markets

Iran, Russia central banks call for using national currencies

The governors of the central banks of Iran and the Russia emphasized strengthening trade exchanges and using their national currencies in bilateral trade.

Financial Markets

Tehran to host 51st ACU Summit on May 23-25

Asian Clearing Union (ACU) will hold its 51st summit in Tehran on May 23-25, says an official from the Central Bank of Iran (CBI), amid efforts to expedite de-dollarization plans in the continent.

Financial Markets

Iran-China trade hits $5bn in Jan-April

The Customs of the People’s Republic of China has announced that trade volume between China and Iran exceeded $5 billion during the January-April period.

Trade

Iran, EAEU may sign free trade zone deal by yearend

The Eurasian Economic Union (EAEU) has completed a substantive discussion of all the provisions of an agreement to set up a free trade zone with Iran so that the document can be signed by the end of 2023, according to Andrey Slepnev, the EAEU minister of trade.

Trade

Iran, Iraq agree to extend gas contracts in 5 years

Noting that Iran and Iraq have two gas export contracts in place, the Iranian Oil Minister Javad Owji says that the two neighboring countries have agreed to extend the contracts in the next five years.

Energy

Iran oil production up 40k bpd in Q1

The US Energy Information Administration (EIA) in a report announced on Friday that Iran’s oil production has increased by 40,000 barrels per day in the first quarter of 2023, adding that the country ranks second in terms of oil production growth among members of Organization of the Petroleum Exporting Countries (OPEC).

Energy

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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