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Iran’s non-oil exports stand at USD 30bn in 11 months

Iran exported 61.63 million tons of non-oil products worth USD 30bn during the last eleven months of the current Iranian year (March 20, 2012-February 19, 2013). The imported commodities, on the other hand, were 35.87mn tons, indicating a 7% growth

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Iran turns to its car industry to make up for its losses from the sanctions

Seems like Iran is not threatened by the sanctions that have crippled its oil industry, as the country is looking for other alternative sectors to revive its economy. Iran is now turning to its automotive industry to make up for

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Fuel smuggled to Afghanistan through a renowned Iranian company

A number of Iranian newspapers have reported about the smuggling of fuel to Afghanistan through a well-known Iranian company. The Khorasan Gazette from the Razavi Khorasan Province nicknamed the company as “R”, and it does not name any Iranian government

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Iran exports $1.823bn goods to Afghanistan in 8 months

According to the Head of Department of Commerce with Afghanistan of Trade Promotion Organization of Iran (TPOI) Farhad Mojalali, Iran has exported $1.823 billion worth of products to Afghanistan in the first eight months of the year (started on March

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Iran-Afghanistan to build oil pipeline

According to Iran’s news agency of Press TV, the Iranian deputy oil minister said Iran and Afghanistan have agreed to build a pipeline to help facilitate the exports of Iran’s oil products to its eastern neighbor. Ali Reza Zeighami, managing

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Iran turning to Central Asia for markets

Iran’s President Mahmoud Ahmadinejad is not missing a single opportunity to talk about growing trade ties with Central Asia At one gathering in Azerbaijan, he reminded the president of Kazakhstan about the vision of a railway linking the heart of

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Pak offers Iran to invest in gas pipeline

In a meeting with Iranian Ambassador Ali Raza, Pakistan petroleum advisor Asim Hussain in Islamabad put forward the offer to invest in the construction of the gas pipeline in Pakistan from the Iranian border. The government is expected to issue

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Iran Rial has lost 1/3 of its value

Protesters took it to the streets, expressing their angers at the plunging of the Rial currency. Foreign exchange dealers, some with license and some without, were lined up on the two sides of the roads. Iranian riot police officers clashed

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