Trump allowed foreign firms of China, Russia and Europe to collaborate on the civilian nuclear program with Iran’s Atomic Energy Organization while Lindsey Graham of South Carolina and Ted Cruz of Texas were extremely disagree with Trump’s decision. Analysts believe that Trump is still hopeful to meet Rouhani which can be a good support before…
The invisible effects of oil attacks!
The attack to Aramco on September 14th 2019 does not only destroy 2 oil facilities and descend the global oil supply but also destroys the dream of Saudi Arabia about the US security power! It is a long time that Saudi authorities believe that their close relationships with US as well as the purchase of…
Iran is the cheapest tourism destination worldwide
According to the new report of World Economic Forum (WEF) about the Travel and Tourism Competitiveness, Iran is the cheapest tourism destination among 140 countries! Change of exchange rates in Iran caused Iran to get the first rank in Price competitiveness index. Low airport duties, cheap fuel, high purchasing power of tourists in Iran caused…
Investigation of Iran and South Korea trading relationships in 2019
Iran exports to South Korea since January 2018 until July 2019 dropped significantly. This reduction is mainly related to less import of mineral fuels, and minerals by South Korea. The monthly average of Iran exports to South Korea was reported USD 296 million in the first half of 2019 while it was USD 341 million…
More banking collaboration of Iran and Turkey
Abdolreza Hemmati, the governor of Central Bank of Iran (CBI) declared the negotiations between MR. Rouhani and prime minister of Turkey was held on September 16th 2019, mainly focused on how to expand economic and business relations, especially banking relations between the two countries. Due the large volumes of cargoes transferring between the two countries,…
Trade war in a lose-lose situation for both China & US!
Fitch Ratings Inc. and Moody’s as two of the biggest credit rating agencies announced that both China and US are approaching a lose-lose situation through the cold war. According to Rick Helfenbein, president and CEO of the American Apparel and Footwear Association (AAFA), “The trade war is like a family argument, which at one point…
Iran’s rank increased in cross-border trade index
Iran Customs house declared that the export and import time in cross-border trade index had decreased in 2019. Iran’s rank in cross-border trade index has improved 45 levels in 2019, the highest growth since 10 years ago. Spent time and costs of exports respectively declined 39% and 31% compared with last year. Moreover the spent…
Iran Petrochemical Industry
The Managing Director of National Petrochemical Company (NPC) declared that the total revenue of Iran petrochemical industry is $17 billion. 44 petrochemical products are produced in Iran, 18 of which are polymer products that have 300 various grades. Therefore totally 350 petrochemical products are manufactured in Iran. He added that there are 56 active petrochemical…
US Pushes Iraq to Stop Buying Energy From Iran
According to Sputnik, Iraq have to buy energy from Iran otherwise it can support the required electricity of its country. On the other hand Iraq is under pressure of US to stop importing of energy from Iran. Marshall Billingslea, Assistant Secretary for Terrorist Financing in the United States Department of the Treasury, asked Iraq not…
“Oman” a good trading partner for Iran
The evaluation of market shows that a new base for trade is going to be formed in the region which can strengthen Iran exchange system and its foreign trade. It seems that Iranian traders can enumerate Oman as a new headquarters for export of Iranian goods. Iranian authorities are interested in Oman companies’ investment in…