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Syrian minister calls on Iranian firms to invest in rebuilding country

Economy and Foreign Trade Minister of Syria, Mohammed Samer al-Khalil, says there are huge opportunities for Iranian companies to rebuild the war-torn country. Damascus priority is to reconstruct the destroyed infrastructure.

With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

Iran hits trade surplus of $738m

A latest report by Iran’s Customs Administration shows how a drop in imports helped increase the country’s trade surplus in a 9-month period (April-December).

Syria economy minister says “doors open” to Iranian firms

With government forces taking back large swathes of Syria from terrorists, Iran, that shore up the government in Damascus during the seven years of war, is keen to enter the country’s multibillion-dollar reconstruction market.

Iran’s Golestan province exports hit $200m in 9 months

The province is located on the southern shores of the Caspean Sea and shares border with Turkmenistan, one of the main markets for the Iranian goods.

Iran private sector urges Tehran-Ankara barter trade

Iran Chamber of Commerce President has urged Tehran and Ankara to set up barter trade to further expand bilateral economic relations.

Iran-EU trade rises by more than 6% to hit €16.5bn in Jan-Oct 2018

Figures released by the European Union statistical office show the trade volume between Iran and the 28 European states rose 6.66% before Donald Trump withdrew the US from the 2015 nuclear deal and reimposed sanctions on the country.

Iran, Oman launch fourth direct shipping line

The two countries on either side of the strategic Strait of Hormuz enjoy long-standign political, military and commercial cooperation. Tehran and Muscat have been recently pushing for more bilateral trade.

Iran eyes expanding ties with Turkey

With a long border of nearly 600 kilometres, Iran and Turkey have been boosting political and economic cooperation in recent years. The two have been coordinating the efforts through four rounds of bilateral talks which started in 2014.

Iran, Russia-led bloc move toward free trade

Following the US abandoning of the 2015 nuclead deal and revival of economic sanctions, Tehran has been seen eager to look East and expand ties with other regional powers like Russia, China and India.