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
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…
“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…
Jack Ma Retires from Alibaba
Jack Ma, the Alibaba founder, informed that he will be retired from Alibaba as he turns 55. He is known as the third billionaire of China at the present time. Jack Ma builds Alibaba into a $460 billion business in two decades and now is pivoting full time to philanthropy. According to Duncan Clark “Jack…
CBI: the 5% reduction of Iran’s global debt
According to Central Bank of Iran statistics, the country’s external debts have been decreased to USD 8,678 million while USD 1,708 million of it goes back to the short-term debts. In May 2019, the total estimated external debts of Iran were USD 8,816 million. Hence the amount has been dropped 1.57 since May 2019. Accordingly,…
9.6 Million MT of Major Products Imported to Iran in last 5 months
9.6 million MT of staple products were imported to Iran in the first 5 month of this year (March 21st 2019~August 22nd 2019), up 2 million MT in comparison with the same period last year. Last year 7.9 million MT of staple products were imported to Iran. The biggest port of Iran for bulk cargoes…
Iran Non-Oil Exports Increased to USD 17.8 Billion!
ِDespite the US sanctions against Iran, non-oil exports of Iran have increased to USD 17.8 billion. China, Iraq, United Arab Emirate and Afghanistan are the main importers of Iran’s commodities.
Goods News on Iran Petrochemical Industry
Iran receives USD17 billion from selling petrochemical products. Iran manufactures 31 million MT of petrochemicals and 22 million MT of this which worth USD12 billion is exported to 30 different countries across the globe. It is expected that Iran will increase its petrochemical output by two times until 2024. Globally crude oil production grows 1%…
Xinhua News: Four Lessons Washington Needs to Learn from Trade War with China
The new round of tariffs on Chinese goods started yesterday although both parties are willing to restart negotiations! According to Xinhua, Washington should learn that “China is an unbent nail in face of US tactic of maximum pressure”. China is stronger to fight against the US and has sufficient measures at its disposal. Secondly, US…
Neighboring Countries are the Target Market of Iran’s Commodities
Iran exports to Europe decreased 93% on the first half of 2019 in comparison with 2018 because of US sanctions against Iran. Therefore it is logical to concentrate on neighboring countries for export and import. Iran aimed to increase its export to USD50 billion to 15 neighboring countries in the next two years which was…