Economy

In an interview with IRNA, Syed Ali Reza Razavi said Iran and Pakistan have already agreed to enhance their bilateral trade to $ 5 billion by 2021 as the current trade volume is around $ 1.16 billion. He said that it is very encouraging to see that new Prime Minister …

Addressing a weekly news briefing on the occasion of Government Week in Parand power plant, he added that Iran will import electricity from other countries if necessary. “At present, Iran acts to uphold its commitments regarding exchanging energy with neighboring states,” he said.The minister also said that the Iraqi side …

Iran ranks third in the world in terms of diversity of its handicraft industry, Ali Shamkhani said in a local ceremony.He noted that the handicraft industry can become a driving force behind the economy of resistance and can speed up national production, boost export and increase employment.Shamkhani referred to Iran's …

Speaking to the Islamic Republic News Agency (IRNA), Farhad Farahmand Mohammadi said that the main electronic control system for self-sustaining wagons, which is essentially not produced domestically due to low economic production, is subject to American sanctions.Most of these parts are supplied by the European Union, which, thanks to the …

Before imposing sanctions by Saudi Arabia and the UAE, Qatar supplied its goods through these countries, Hadi Hagh Shenas said.But now the country has called for increasing shipping lines with Iran to reinforce trade, he added.Thanks to the fact that Qatar is under pressure, 'we announced that we would be …

Iran is now implementing its commitments for exchanging energy with neighboring countries, Reza Ardakanian said addressing a press conference in Parand Power Plant.Elaborating on Iraq debts, he said, 'They started paying the outstanding amount.' In addition to exports, Iran is now able to import electricity from Turkmenistan and Armenia, Ardakanian …

Iran's Ambassador to Seoul Mohammad-Hassan Taherian, who was present in the meeting, described Iran-South Korea cooperation as historical and friendly.Referring to long-term presence of South Korean companies in Iran's market, Taherian said that the two countries have witnessed remarkable growth in their trade exchange in the past months which came …

The announcement is part of the bloc’s high-profile efforts to support the nuclear accord that President Donald Trump abandoned in May. It is part of a wider package of 50 million euros earmarked for Iran in the EU budget, Reuters reported from Brussels.The EU is working to maintain trade with …

For the same reason, lawful slaughtering of animals has started in the country to export meat to Iran.Mongolian butcher Kuntuguan Ajbai chants under his breath as he slits the throat of a sheep with a single stroke of his sharpened knife, making sure the animal’s swift death is halal--acceptable under …

In an interview with the Russian daily Izvestia, Crimean Deputy Prime Minister Georgy Muradov added that currently, the issue of creating a route through Volga-Don Canal is being considered which will connect Crimea ports to Iranian Caspian coastlines.He also said that a number of Iranian merchants have voiced readiness for …