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New Delhi not to stop importing oil from Iran

New Delhi not to stop importing oil from Iran

The Economic Times wrote on Wednesday that US Defense Secretary James Mathis and Secretary of State Mike Pumpo are scheduled to travel to New Delhi on Thursday to meet with their Indian counterparts Nirmala Sitaraman and Suhsma Sevaraj. New Delhi will likely announce to Washington that India will not stop …

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Monetary agreements require equalized trade balances

Monetary agreements require equalized trade balances

Hossein Selahvarzi referred to the removal of dollar from banking operations of Iran, and said, “Payments under these agreements are made with national currencies which automatically equalizes the trade balance.”The Vice-chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) noted that signing monetary agreements with China and is …

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Iran's non-oil exports up

Iran's non-oil exports up

During the past five months (Mars 21- August 22), 46 million tons of non-oil products worth 19.318 million dollars have been exported from Iran, according to the country's preliminary data released by Iran's Customs Office. China, the United Arab Emirates, Iraq, Afghanistan and India are the main destinations of Iran's …

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Afghanistan plans to expand trade, transit ties with Iran

Afghanistan plans to expand trade, transit ties with Iran

In a meeting with the governor general of Khorassan Razavi province and a group of provincial businessmen, Mohammad Asef Rahimi said the two countries have taken strides towards cooperation in various economic, scientific, cultural and sports fields.In the healthcare sector, he said, sophisticated surgical operations including kidney transplant have been …

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Japan still talking to get exempt from Iran's oil sanctions

Japan still talking to get exempt from Iran's oil sanctions

Officials from Japan Ministry of Commerce recently and on a number of occasions with the US officials have been discussing exemptions from sanctions, the Jiji News reported on Tuesday.The report comes in the time that rumors have already been published in western media that Japan is likely to end its …

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Afghan official lauds role of Iran's Chabahar in development of region

Afghan official lauds role of Iran's Chabahar in development of region

Opening Chabahar Free Trade-Industrial Zone in Iran's southeastern province of Sistan and Balouchestan will lead to promotion of economic and political relations between Tehran and Kabul and will enhance Iran and Afghanistan trade exchange, Davood Sultanzoy, advisor to Afghan president said.Chabahar port has the best situation for transit of commodities …

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Iran can export engineering services above $38 billion

Iran can export engineering services above $38 billion

Rezai said on Tuesday on the sideline of Civil Committee meeting of parliament that Foreign Minister Mohammad Javad Zarif, along with the economic vice minister of the ministry and representatives from the Association of Technical and Engineering Services, attended the meeting and the country's technical capacities for exporting to neighboring …

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Iran protests banking restrictions in South Korea

Iran protests banking restrictions in South Korea

The announcement also states, 'It is also requested that the matter to be seriously pursued by the Korean embassy in Tehran.'The announcement highlighted the banking problems as a result of the international poisonous political climate and hostile US sanctions against Iran and the nation of the Islamic Republic of Iran, …

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Iran's Rouhani: Oil sector on frontline of economic war

Iran's Rouhani: Oil sector on frontline of economic war

'The enemies are inflicting hardships on Iranians, but they would not be able to impose their hegemony on the people,' he said at the inauguration ceremony of some major petrochemical projects in southern Iran.Each new inaugurated project is a step for Iran's dignity, he said.President Rouhani inaugurated three major economic …

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Iran's role in New Silk Road inevitable

Iran's role in New Silk Road inevitable

In an interview with IRNA on Tuesday, Zhang Jun said the ancient Silk Road and the New 'One Belt, One Road' is a path full of opportunities and Iran is at the strategic crossroads along this path. He added Iran and China have been cooperating in the Silk Road for …

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