Category: 4. Business

He emphasized the significance of international presence, saying, “We seize every opportunity for international engagement to realize our interests through energy diplomacy.” Paknejad mentioned that the Secretary-General of OPEC recently… Continue Reading

A report shows Iraq’s central bank will ban five more banks from accessing dollar-based transactions. … Continue Reading

Iran says it has busted a large ring that was involved in money-laundering activities in the country. … Continue Reading

Hemmati held a meeting with Abdulhamid Alkhalifa, the head of the OPEC Fund for International Development on the sidelines of the AlUla Conference for Emerging Market Economies, held on February 16-17 in AlUla, Saudi Arabia. Hemmati said about… Continue Reading

TEHRAN – Iran and Kazakhstan have reaffirmed their commitment to expanding economic and trade relations, with both countries aiming to increase bilateral trade to $3.0 billion. During a business forum in Tehran attended by Iranian Agriculture… Continue Reading

TEHRAN – Iran exported 75.38 million tons of non-oil goods to its 15 neighboring countries in the first 10 months of the current Iranian calendar year (March 20, 2024-January 19, 2025), valued at $29.78 billion—an increase of 24 percent in… Continue Reading

Iranian Foreign Minister Abbas Araghchi has said that the “Lost Paradise” of Makran must transform into the future economic hub of Iran and the region.   Addressing the 8th Indian Ocean Conference which is underway in Muscat, Oman, Araghchi… Continue Reading

TEHRAN – According to Mohammad Reza Pour-Ebrahimi, a former member of parliament, an estimated $40 to $50 billion in foreign currency is held by Iranian households. He stated that if these funds were directed into production sectors,… Continue Reading

TEHRAN – Iran’s Economic Council has approved a financial foreign loan (financing) of 3.897 billion yuan to fund the construction of solar power plants with a total capacity of 1,758 megawatts (MW) across the country. The approval, signed by… Continue Reading