Economic Ties

S. Arabia plans to spend $600B in investments, trade with US

TEHRAN, Jan. 23 (MNA) – Saudi Arabia on Thursday said it is planning to expand its investments and trade with the United States by an amount of $600 billion and possibly beyond over the next four years.

IMF predicts Iran’s economy to grow by 3.1% in 2025

TEHRAN, Jan. 21 (MNA) – The International Monetary Fund (IMF) expects that Iran’s economy will continue to grow by 3.1 percent next year (2025).

Iraq declares discovery of huge oil field

TEHRAN, Jan. 21 (MNA) – The state-owned Iraqi Midland Oil Company said that it has discovered huge oil reserves in the East Baghdad oil field.

Tehran, Doha trade up 53% in 9-month period: Envoy

TEHRAN, Jan. 08 (MNA) – Commercial Envoy of Islamic Republic to Qatar Abbas Abdolkhani says the trade volume exchange between Iran and Qatar in the first nine months of the current Iranian calendar year (started March 21, 2024) showed a 53% growth.

Iran expects boom in trade after gaining EAEU observer status

TEHRAN, Dec. 30 (MNA) – Iran expects a major boom in trade ties with members of the Eurasian Economic Union (EAEU) after the country gained observer status in the bloc and just months before the two sides enter into a free trade agreement.

Iran-EAEU trade up 20% in 9 months: Official

TEHRAN, Dec. 29 (MNA) – The value of Iran's exports to EAEU member countries had reached $1.5 billion in April-December.

Iran, Pakistan extend economic ties with new coop. Agreement

TEHRAN, Dec. 27 (MNA) – The chambers of commerce from Qazvin, and Karachi have signed a new cooperation agreement to boost bilateral trade and economic collaboration.

Iran-Russia trade volume hits $3.3 billion in 9 months

TEHRAN, Dec. 23 (MNA) – Russian Deputy Prime Minister Alexei Overchuk has put Iran and Russia trade volume in the first nine months in Iran calendar at $3.3 billion, registering a 14.7 percent growth compared to the last year’s corresponding period.

Envoy:

China ready to expand economic ties in southern Iran

TEHRAN, Dec. 11 (MNA) – The Chinese ambassador to Iran, Cong Peiwu, has said that his country is ready to strengthen economic ties in southern Iran.

Iran’s trade with EAEU member states hits $5 bln: official

TEHRAN, Dec. 03 (MNA) – An official at Trade Promotion Organization of Iran (TPOI) has said that the country’s trade with the Eurasian Economic Union (EAEU) reached $5 billion.

Foreign delegations arrive in Mashhad to attend ECO meeting

TEHRAN, Dec. 01 (MNA) – Two foreign delegations have arrived in Iran's northeastern city of Mashhad to participate in 28th meeting of Foreign Ministers of the Economic Cooperation Organization (ECO) member states, a Foreign Ministry official said.

Iran, OPEC Fund agree for presence of Iranian investors

TEHRAN, Nov. 26 (MNA) – Iran’s Minister of Economic Affairs and Finance Abdolnasser Hemmati, announced that Iran and the OPEC Fund have agreed to welcome Iranian private investors in joint projects.

Iran economy min. meets with OPEC Fund chief

TEHRAN, Nov. 25 (MNA)–Iran’s Minister of Economic Affairs and Finance Abdolnasser Hemmati, who has traveled to Riyadh to participate ion 28th WAIPA World Investment Conference, met and held talks with OPEC Fund’s President Abdulhamid Alkhali on Mon.

FM Spox.:

Iran to host 8th meeting of ECO foreign ministers next week

TEHRAN, Nov. 24 (MNA) – The Iranian Foreign Ministry spokesman said that the 28th meeting of the foreign ministers of the Economic Cooperation Organization (ECO) member states will be held in Iran’s Mashhad next week.

Iran agri. min., Japanese envoy discuss bilateral relations

TEHRAN, Nov. 23 (MNA) – Iran's Minister of Agriculture Gholamreza Nouri Ghezeljeh has said his country’s cooperation with Japan on water and food would benefit entire region, adding Iran can act as a transit corridor for export of Japanese products.

Iran must be a role model in region: President Pezeshkian

TEHRAN, Nov. 21 (MNA) – Iranian President Masoud Pezeshkian has emphasized the need for Iran to serve as a role model in the region, citing the country's Development Vision Plan crafted in alignment with the Leader's directive.

Defense Minister:

Iran seeks to expand economic ties with Venezuela

TEHRAN, Nov. 20 (MNA) – Iran's Defense Minister Brigadier General Aziz Nasirzadeh stated that the Islamic Republic of Iran is seeking to develop economic cooperation with Venezuela.

Iran, Sudan agree to expand economic ties

TEHRAN, Nov. 08 (MNA) –  Iran’s Minister of Economic Affairs and Finance Abdolnaser Hemmati and Sudan’s Minister of Finance and Economic Planning Gibril Ibrahim Mohamed have agreed to increase economic and trade cooperation between the two states.

Some European firms retract from Israel-linked finance

TEHRAN, Nov. 07 (MNA) – Several of Europe's largest financial firms have scaled down their links to Israeli companies or those with ties to the regime, a media report has said.

Iran ramps up gasoline output amid rising demand

TEHRAN, Nov. 06 (MNA) – Iran has increased its gasoline output by more than 7% in the past two and a half months to respond to a growing demand that has forced the country to resume imports after more than a decade of self-sufficiency.

Iran pays off $3bn debt to domestic wheat farmers

TEHRAN, Nov. 04 (MNA) – The Iranian government has paid off its debts to domestic farmers for this year’s wheat purchases amid a bumper crop that has made the country self-sufficient in the grain.

Pezeshkian:

Zionist regime failed to achieve its malicious goals

TEHRAN, Oct. 28 (MNA) – Pointing to the crimes committed by the Zionist regime, President Pezeshkian stated that the Zionist regime has failed to achieve its malicious goals.

Qatari envoy calls for increasing number of flights to Iran

TEHRAN, Oct. 23 (MNA) – Ambassador of Qatar to the Islamic Republic of Iran Saad Abdullah Saad Al Mahmoud Al Shareef urged for increasing the number of Qatari flights to Iran to 57.

BRICS member states seeking to control US, dollar: Pezeshkian

TEHRAN, Oct. 22 (MNA) – Iranian President Masoud Pezeshkian said member states of BRICS group of emerging economies are seeking unity and cohesion to control undisputed power that the United States and dollar have created in the region and the world.

Kremlin:

Russia, Iran almost completely shift to national currencies

TEHRAN, Oct. 22 (MNA) – National currencies are being used in more than 96% of mutual payments between Russia and Iran, according to Kremlin.

BRICS considering 15 countries as its potential partners

TEHRAN, Oct. 21 (MNA) – BRICS is considering 15 countries as its potential partners, Russian presidential aide Yury Ushakov said.

Iran, China stress importance of implementing MoUs

TEHRAN, Oct. 15 (MNA) – Iran’s Economy Minister Abdolnaser Hemmati and China’s Ambassador to Tehran, Cong Peiwu, have emphasized the importance of implementing memoranda of understanding (MoUs) between the two countries.