The Statistical Center of Iran (SCI) has reported a 3% economic growth for the country in 1403 (ended March 20) when including oil, and 2.1% without it.
ECONOMY Feed Atom
Iranian deputy minister of finance and economic affairs said that FATF is expected to take confidence-building steps in reply to Iran's set of measures in the field of combating money laundering and terrorism financing, including the ratification of the Palermo Convention.
Iran's trade with ECO member states reached 36.2 million tons in 1403, worth $27.6 billion, according to the Islamic Republic of Iran Customs Administration (IRICA).
The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.
Trade between Iran and South Korea reached nearly $56 million in the first four months of 2025, highlighting ongoing commercial ties despite external challenges and a decline in Iran's exports.
A member of the Iranian Parliament’s Energy Committee emphasized the committee’s support for attracting investment in the oil and gas sector, stating that the legislature is focused on passing laws and regulations to facilitate domestic and foreign investment in the energy sector.
India imposed curbs on imports of ready-made garments and processed food from Bangladesh, as relations between the two neighbors turned sour in recent months.
Strathcona Resources has sold all of its Montney assets for about $2.84 billion and acquired Hardisty Rail Terminal as part of its "core area consolidation" strategy, the Canadian oil and gas producer said on Wednesday.
Iran’s Free Zones High Council announced that commodities valued at $800,000 were exported from Chabahar Free Trade Zone, in southeast of the country, during the first Iranian calendar month Farvardin (March 21-April 21).
Head of Iran’s Trade Promotion Organization (TPO) Mohammad-Ali Dehqan Dehnavi met with Qatar’s Customs Authority Chief Ahmed Al-Jamal, on the sidelines of Iran Expo 2025, stressing the need to enhance commercial ties and develop trade infrastructure to increase bilateral trade volume.
Iran's private sector authority invites Sweden to revive joint investment initiatives in automotive and electricity industries, citing potential for cooperation in non-sanctioned sectors and government guarantee of foreign capital return.
The Iranian Masterbatch and Compound Producers Association and Shenzhen Plastics Association of China signed a memorandum of understanding to enhance cooperation in the plastics industry.
Tehran Chamber of Commerce, Industries, Mines and Agriculture's Mahmoud Najafi Arab and Indian Ambassador Rudra Gaurav Shresth discussed expanding economic ties between Iran and India, prioritizing non-sanctioned goods exchange.
Iran and Azerbaijan are enhancing trade relations through joint projects, border trade exchanges, and transit corridor development, leveraging cultural, historical, and geographical similarities.
The head of the Chamber of Commerce for Northeast Oman said Iran’s West Azarbaijan province offers exceptional development potential, adding that Oman is ready to invest in the region.
The International Monetary Fund (IMF) has projected a modest improvement in Iran’s economic outlook, with the country’s gross domestic product (GDP) expected to grow by 1.1 percent in 2026.
Iran’s oil minister said the potential for trade and economic cooperation between Iran and Russia is far greater than $5 billion, adding that the goal is not just to reach $10 billion but to elevate relations to even higher levels through agreed-upon frameworks.
Iran’s ambassador to Russia announced that Iran and Russia are determined to expand bilateral cooperation in various fields, including the International North-South Transit Corridor (INSTC), transit projects and gas transfers.
The National Iranian Oil Company is planning to invest in 50 gas fields to boost daily gas production capacity by 500 million cubic meters.
The 18th meeting of the Iran-Russia Joint Economic Committee will be held in Moscow from April 22 to 24, aimed at expanding bilateral cooperation between the Islamic Republic of Iran and the Russian Federation.