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…
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…
According to IRNA, Iran’s Financial Electronic Messaging System is prepared to connect to Russia’s Financial Messenger Network (SWIFT) in order to limit bank sanctions. US has restricted Iranian banks’ access to Swift’s financial messenger system to tighten sanctions but Iran tries to make other alternative ways to be connected with the global financial systems. One…
According to Reza Rahmani, Iran’s minister of industry, the imports of industrial products including machinery and equipment would be down by $10 billion in 2021. He added that Iran plans to “deepen domestic manufacturing and to indigenize the country’s industrial needs”. He continued that over 1,850 industrial units across Iran had already resumed operations and…
Over $1.30 billion of non-oil goods were exported from Iranian small and medium-sized enterprises (SME) from March 21st 2019 to August 22nd 2019 (5 months), up 40% compared with the same period last year. There are over 77,000 small and medium-sized enterprises in Iran. 43,000 of these companies are allowed to work in industrial estates…
According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%. Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will…
Qatar, Oman, United Arab Emirate, Saudi Arabia, Bahrain, Kuwait, Bermuda, Cayman Islands, Bahamas, Monaco, Brunei, British Virgin Islands, and Andorra.
China cuts RRR by 0.5ppts to improve easing support. China’s central bank will cut the amount of cash that banks must hold as reserves in order to inject liquidity to the economy. Copper: $5839 (+0.45%) Zinc: $2327 (+0.94%)
Petroleum Economist informed that Tehran and Beijing agreed on USD 400 billion investment of China in oil, gas, petrochemical and transportation industries of Iran. This agreement was signed in 2016 and now Mohammad Javad Zarif, the Iranian Foreign Minister, travelled to China in order to improve this agreement. According to a reliable source in Iran…
Foreign trade balance of Iran increased to USD 1698 million in last Persian year (March 21st 2018~March 20th 2019), up USD 5.3 billion from 5 years ago (March 21st 2013~March 20th 2014).
