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Iran Says India Can Help Reduce Tension In Persian Gulf

Iranian Foreign Minister Mohammad Javad Zarif hopes that India can help reduce tensions in the Persian Gulf, referring to the recent situation between the Islamic Republic and the United States. Iran’s high-ranking official was on an official visit to India as part of the 4th Raisina Dialogue 2020 — a multilateral conference held annually in New Delhi. Since 2016, when ... Read More »

Businesses Warned of Iran Cyberattacks

Iran vowed revenge after a U.S. airstrike ordered by President Donald Trump killed the country’s top general Qasem Soleimani earlier this month. While recent missile strikes conducted by Iran against U.S. bases in Iraq was the first public move to respond to the killing, analysts say Iran’s next retaliatory move may be targeted cyberattacks. “Iran has historically turned to cyber ... Read More »

Iran’s children face life-threatening medicine drought under US sanctions

Hundreds of Iranian children are at risk of dying as a result of a lack of medication entering the country due to U.S. sanctions, Iran’s health minister said Wednesday. In a letter to World Health Organization (WHO) head Tedros Adhanom, Saeed Namaki said unilateral U.S. sanctions have blocked shipments of vital medication and medical equipment. Contrary to U.S. claims that ... Read More »

Iran: Essential Goods Clearance via Green Channel Sets Record

Customs clearance of imported essential goods via the “green channel” reached an all-time high in the month ending Dec. 21, says Mehrdad Jamal Arvanaqi, the deputy head of the Islamic Republic of Iran Customs Administration. In the same month, 51% of all declaration forms for essential goods were approved for clearance through the green channel with the least legal formalities ... Read More »

Russian Companies Interested In Working With Iran Regardless Of US Sanctions

TEHRAN : Russian companies are interested in working with Iran on various projects in such sectors of the economy as energy, agriculture, automobile manufacturing and many others despite the punitive US sanctions against Tehran, Rustam Zhiganshin, Russia’s trade representative in Iran, told Sputnik. In May 2018, the United States began the process of reimposing previously lifted sanctions on Tehran after ... Read More »

NDF to allocate over $476m to support exports

Iranian government is going to allocate 2 trillion rials (about $476.19 million) from the county’s National Development Fund (NDF) to provide working capital facilities for production units which are exporting their products, ILNA reported Monday, quoting the head of Trade Promotion Organization (TPO) as saying. Speaking in a summit on solving the problems of exporters, Hamid Zadboum said: “According to ... Read More »

Iran urges fight against US ‘economic terrorism’ at Muslim summit

KUALA LUMPUR: The president of sanctions-hit Iran called Thursday for Muslim countries to cooperate in fighting US “economic terrorism” at the opening of a summit aimed at tackling the Islamic world’s woes. Hundreds of delegates are attending the gathering in Malaysia — including heads of state and religious leaders — but the meeting has been snubbed by Saudi Arabia, home ... Read More »

‘17 foreign countries eager for investment in Chabahar Port’

TEHRAN : The Director General of Ports and Maritime Department of Sistan-Baluchestan Province said 17 countries have expressed willingness for contribution to development of Chabahar Port in southeastern Iran, Tasnim news agency reported. According to Behrouz Aghaie so far 130 foreign company representative delegations have visited Chabahar, of which 17 have expressed willingness for investment in the port. Emphasizing the ... Read More »

Uzbek Companies Invited to Meet Iranian Business Delegation in Tashkent

A delegation of Iranian knowledge-based companies and business officials will be in Tashkent on Thursday, December 12, 2019. Hereby, all Uzbek companies and businesspeople working in the following fields are invited to come to International Hotel Tashkent at 10 am (local time) to have B2B meetings with their Iranian counterparts. Here are the details of the delegation’s visit to Tashkent ... Read More »

Iran imports 14m tons of basic goods since March

TEHRAN : Nearly 14 million tons of basic goods have been cleared through Iran’s customs since the beginning of the current Iranian calendar year (March 20, 2019), IRNA reported, quoting the head of Islamic Republic of Iran Customs Administration (IRICA), as saying. According to Mehdi Mirashrafi, nearly 20 million tons of goods have been imported into the country since the ... Read More »

China’s Trade With Iran Declines By Close To 40 Percent in 2019

The latest figures published by China’s customs show trade with Iran in October dropped to its lowest level in a decade. During the month of October, total trade with Iran was $1.38 billion, which is 38 percent less than in October 2018. From January to October exports to Iran decreased by 39 percent compared with the same period last year, ... Read More »

Iran to set up pavilion in IDF Oman in mid-Feb. 2020

The international exhibit, which is held in Oman International Exhibition Center, is growing steadily 15 percent–20 percent every year, as published on the website of the event. According to the data released by the Islamic Republic of Iran Customs Administration (IRICA), the value of trade between Iran and Oman has increased to $870 million during the first seven months of ... Read More »

Inside Iran’s Underground Fashion Industry

OXFORDSHIRE, United Kingdom — “The world is fucking on fire right now,” Iranian-American Activist Hoda Katebi said on the VOICES stage Thursday afternoon, on the fifth day of Iran’s government-imposed Internet blackout. “How can we ever think that what we’re creating [in fashion] shouldn’t be engaging with that?” she added, implicating the fashion industry as part of the global economy ... Read More »

Turkey’s business circles eyeing $ 30 billion in trade with Iran

Business organisations in Turkey are looking to increase the $ 9.5 billion trade volume between Turkey and Iran to $ 30 billion, President of Foreign Economic Relations Board of Turkey (DEİK) Nail Olpak said during the Business Council meeting in Iranian capital Tehran. Olpak said his organisation is working to have friendly relations between Turkey and Iran to affect the ... Read More »

Iranian Businessman Imprisoned In U.S. For Exporting Carbon To Iran

WASHINGTON, :The U.S. Department of Justice (DOJ) said on Thursday that an Iranian businessman was sentenced to 46 months in prison for violating U.S. sanctions against Iran. In a press release, the DOJ alleged that Behzad Pourghannad had participated in exporting carbon fiber from the United States to Iran between 2008 and 2013. “Behzad Pourghannad conspired to circumvent U.S. export ... Read More »

Iran: Mafia Trafficking in Clothing, With 95% of Imports Smuggled

The Iranian regime’s policies have prepared the ground for the creation of state-backed mafias and trafficking networks; giving them full liberty to continue their activities. One of these activities is the organized cloth trafficking, particularly black cloth used in Chador, by creating fake certificates at Iranian custom control. Afasaneh Mehrabi, executive director of the regime’s Office of Textile and Garment ... Read More »

Iran’s Rapidly Disappearing Airline Passengers

Iran’s aviation industry has been hit by plenty of problems in recent years. U.S. sanctions have made it all but impossible to refresh the country’s ageing fleet of planes, meaning some $44 billion in orders with the likes of Airbus and Boeing have had to be shelved. Local airlines have also been forced to cancel some international services because of ... Read More »

Malaysia Can’t Trade With Iran Due to Sanctions

Malaysian Prime Minister Mahathir Mohamad says Malaysia cannot trade with Iran, one of its big trading partners, due to sanctions. Speaking at a press conference on the sidelines of the 35th ASEAN Summit and Related Summits, Mahathir noted that sanctions were not mentioned during the summit. “When you apply sanctions, it is against the law. There is no provision in ... Read More »

Trade Deficit for Two Quarters Negative, Stands at $273 Million

Iran’s customs office data shows balance of trade in the first two quarters of the current calendar year, which started in March, was slightly negative as a report shows trade deficit recorded for the period was $273 million. A Wednesday report by the ILNA news agency cited an analysis of the customs data for Iran’s trade of goods excluding crude ... Read More »

Why Would Russia, China—and Iran—Plan Joint Naval Exercises?

KARACHI, Pakistan—The waters around the Arabian Peninsula have calmed for the moment, but preparations for combat continue, with joint exercises and security conferences showing just how profoundly the region’s strategic balances are shifting. As confidence declines in U.S. President Donald J. Trump’s ability to navigate the difficult moral and military choices in the region, new players are entering the picture ... Read More »