While Sensex and Nifty made wild swings on the D-Street in Friday's session, shares of Oil India Limited and Oil and Natural Gas Corporation rallied up to 6 per cent.
ECONOMY Feed Atom
High-ranking officials from Iran and Qatar signed six cooperation documents in the fields of trade and economy, culture, education, sports, and agriculture.
China was Iran’s top trade partner in the first half of the current Iranian calendar year (March 20-Septemebr 22).
The head of the National Iranian Gas Transmission Company (NIGTC) stated that 99% of Iran's gas transmission equipment and facilities are domestically-made, indicating near-self-sufficiency in the industry.
Iranian First Vice President Mohammadreza Aref emphasized the 14th government's policy of strengthening Tehran-Moscow cooperation and promoting collaboration in various fields.
Iran and Armenia are discussing ways to enhance economic cooperation, including establishing a joint free trade zone in Armenia, according to the Tehran Chamber of Commerce, Industries, Mines and Agriculture.
The value of Iran’s exports to the members of the Eurasian Economic Union increased by 16 percent in the first five months of the current Iranian calendar as compared to the same period last year, according to the head of the Islamic Republic of Iran Customs Administration.
During a press conference held between the Energy Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture and Iran Renewable Energy Association, the issues related to the renewable energy sector were discussed.
Statistics Canada says real gross domestic product grew 0.2 per cent in July, following essentially no change in June, helped by strength in the retail trade sector.
During a conference titled Iran Investment Opportunities, which was held prior to Iran Invest Expo, it was stated that 30 countries have announced their readiness to invest in Iran.
In a meeting between Iranian Minister of Finance and Economic Affairs Abdolnaser Hemmati and Chinese Minister of Finance Lan Fo’an, the two sides emphasized the implementation of the two countries’ long-term strategic partnership plan.
Iranian Energy Minister Abbas Ali-Abadi said that the Islamic Republic is ready to expand cooperation with BRICS in the field of energy.
Iranian president Masoud Pezeshkian says that Iran not only seeks constructive and equal relations with all countries but tries to replace war and bloodshed with peace and security.
Iran's Road and Urban Development Ministry reported a 73% increase in commodity transit through roads during the first five months of the current calendar year.
The IRICA report put the non-oil trade between the two countries at 264,416 tons worth $119.357 million, with one percent fall in weight, year on year.
Malaysia's Ambassador to Iran Khairi Bin Omar has said Iranian products are unfamiliar to Malaysian consumers and called for the introduction of Iran-made goods in the Malaysian markets, IRNA reported.
Iran's gross domestic product (GDP) including oil grew 3.2 percent in the first quarter of the current Iranian calendar year (March 20-June 21), compared to the first quarter of last year, according to the Central Bank of Iran (CB).
The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration reported.
The spokesperson for Trade Promotion Commission of Iran’s House of Industry, Mine and Trade said that Iran’s export of goods to Iraq has reached from $145 million in 20024 to $10.238 billion in 2022, showing a 71-fold growth.
Tehran Chamber of Commerce and Turkish Exporters Union discussed improving trade relations between private sectors during a meeting between TCCIMA and TiM directors.