News

  • The German government has set up a special office to advise companies worried about their economic transactions with Iran amid fears they'll be targeted by US sanctions.
  • Transparency seems to be returning to Iran's capital market, as Securities and Exchange Organization's latest data show.
  • According to OPEC’s latest monthly report published on June 12, oil production in Iran stood at about 3.829 million barrels per day (bpd) in May, an increase of 6,000 bpd from 3.823 million bpd in April, based on secondary sources.
  • With American firms prohibited from working in Iran and European businesses will be the biggest loser for US sanctions on Iran's market, while Chinese companies can fill the void and reap the benefits, according to analysts.
  • Iran-EU trade at €5.3b in Q1
    Wednesday 13 June 2018
    The trade between Iran and European Union countries during the first three months of 2018 stood at €5.3 billion, the same as the figure of the first quarter of 2017, Tasnim news agency reported.
  • Iran imported $1.03 billion worth of consumer goods during the two-month period since the beginning of the current fiscal year (started March 21), registering a 2.7% decrease compared with the same period of last year, and the chairman of Trade Promotion Organization of Iran said.
  • The latest statistics of the Islamic Republic of Iran Customs Administration on foreign trade for the first two months of the Iranian year (started March 21) show that 216.585 tons of commodities worth $47.666 million have been exported from Iran to Qatar during the period representing a dramatic increase compare to the same period last year.
  • A bank in Ireland has been ordered to pay €20,000 to an Iranian couple in business here over demanding that they not transfer any funds to bank accounts in their native country.
  • According to the latest data released by the Islamic Republic of Iran Customs Administration (IRICA), during the first two months of the present Iranian calendar year 1397 (March 21- May 21, 2018), Iran’s exports of goods to Italy increased 156.56 percent in comparison with the same time in the preceding year, making the European country the top destination for Iranian exports.
  • President Hassan Rouhani met his Chinese counterpart President Xi Jinping on Sunday and the two sides signed four memorandums of understanding to prevent drug trafficking and promote two-way trade.