Economy

Happened over first week of December;

Trading over 434 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to December 6, approximately, 208,424 MT of commodities worth over $214 million were traded in Iran Mercantile Exchange.
OPEC agrees on output cut, exempts Iran

Tehran (ISNA) - Members of the Organization of the Petroleum Exporting Countries (OPEC) on Friday agreed on a cut in their oil production level but exempted Iran from the reduction.
Reasons for Qatar's exit from OPEC must be examined: Iran oil minister

Tehran (ISNA) – Iranian Petroleum Minister, Bijan Zanganeh stressed that examining the reasons for Qatar’s exit from OPEC was a necessity.
Iran, china banking ties to be developed

Tehran (ISNA) - Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati discussed banking and financial relations between Iran and china and the means of improving the ties, during a meeting with Chinese ambassador to Tehran.
Iran’s trade surplus at $2bn March-Oct. 2018

Tehran (ISNA) - Official figures show Iran had a trade surplus of $2 billion over a period of eight months starting 21 March 2018 in what could be an indication that the country’s economy is still doing well in face of US sanctions.
Major European bank requests for cooperation with Saman Bank

Tehran (ISNA) - Bank Saman’s CEO Seyyed Ahmad Taheri Behbahani announced that a major European bank has requested for continuing cooperation with the Iranian bank.
Happened over last week of November;

Trading over 434 thousand tonnes of various commodities on IME
Iran’s non-oil exports grow 14% in recent 8 months

Tehran (ISNA) - Deputy head of the Trade Promotion Organization of Iran, Mohammad Reza Modoudi announced that Iran’s non-oil exports have increased about 14% during recent 8 months.
Iran hails oil-for-goods deal with South Korea

Tehran (ISNA) - Iran said Saturday it had finalized a deal with South Korea to trade oil for goods, skirting renewed US sanctions.
Iran steel output increases 19 pct

Tehran (ISNA) – Iranian steel mills produced a total of 20.6 million tons of crude steel during the first 10 months of 2018, up 19% compared with last year’s corresponding period, the latest report of World Steel Association showed.
Deputy oil minister explains details of paying for Iran oil sales

Tehran (ISNA) - Deputy Minister of Petroleum Amir-Hossein Zamaninia explained the details of how customers will pay for Iran oil imports.
Japan's Fuji Oil to resume Iran oil purchases

Tehran (ISNA) - Japanese refiner Fuji Oil Co is set to resume Iranian crude purchases after Japan received a waiver from U.S. sanctions on Tehran, industry sources familiar with the matter said.
Happened over second week of November;

Trading over 313 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to November 15, approximately, 313,321 MT of commodities worth over $357 million were traded in Iran Mercantile Exchange.
4 Iranian banks removed from US sanctions list

Tehran (ISNA) – Senior manager of Middle East Bank for Compliance and Anti-Money Laundering department, Farzaneh Rajaei-Salmasi explained details of removing four Iranian banks and financial institutions from US secondary sanctions list.
Happened over 1st week of November;

Trading over 380 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to November 8, while 380,303 MT of commodities worth over $476 million were traded in Iran Mercantile Exchange, the volume and value of trading experienced a growth of 26 and 34 percent, respectively.
Iran holding serious talks with 8 countries granted waivers from US sanctions

Tehran (ISNA) – Iran is holding serious and positive negotiations with eight countries which have been granted waivers from US sanctions on Iranian oil exports, governor of the Central Bank of Iran, Abdolnaser Hemmati said.
India to pay for Iran oil in rupees

Tehran (ISNA) - With the US granting a 180-day exemption on Iranian oil sanctions to India ahead of the restrictions kicking in from Monday, India and Iran are finalizing details of a mechanism that will allow New Delhi to pay Tehran entirely in Indian currency, at a bank in India.
Zanganeh dismisses reports on selling Iranian oil by Russia

Tehran (ISNA) – Iranian Oil Minister, Bijan Namdar Zangeneh dismissed claims made by some Western media like Reuters that Russia has participated in selling Iranian oil.
Despite US threats, India places November crude orders with Iran

Tehran (ISNA) - Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said.
Happened over 4th Week of October;

Trading over 311 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to October 25, approximately 311,164 MT of commodities worth over $381 million were traded in Iran Mercantile Exchange.
Iran non-oil exports to Indonesia grow by 42 pct

Tehran (ISNA) - Iran non-oil exports to Indonesia experienced 42% growth during the first 6 months of the current Iranian calendar year (started on March 21), Iran commercial attaché to Indonesia said.
EU’s payments channel to act as bilateral monetary agreement: CBI

Tehran (ISNA) - Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati announced that EU’s special payments channel for Iranian and European exporters will act as a bilateral monetary agreement between Iran and EU.
Iran-EU dialogue on establishing special payments channel underway

Tehran (ISNA) – Iranian deputy Minister of Petroleum, Amir Hossein Zamaninia announced that expert-level negotiations between Iran and EU on establishing special payments channel are underway.
Turkey’s oil imports from Iran increase

Tehran (ISNA) - Turkey has increased its oil imports from Iran during the past 2.5 months and has planned to import at least three oil consignments from Iran every month, Turkish media reported.
Happened over 3rd week of October;

A 74% growth in trading volume of IME

Tehran (ISNA) - During weekdays ending up to October 18, while 511,957 MT of commodities worth over $522.7 million were traded in Iran Mercantile Exchange, the trading volume and value experienced 74 and 31 percent growth, respectively.
110 European companies ready to cooperate with Iranian oil sector

Tehran (ISNA) – The head of Society of Iranian Petroleum Industry Equipment Manufacturers announced that 110 small and medium-sized companies in Europe have said that they are ready to cooperate with Iranian companies.
Iranian oil’s exports continuing despite US sanctions threat

Tehran (ISNA) - An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon.
Trump cannot reduce oil prices by bullying: Zanganeh

Tehran (ISNA) - U.S. President, Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s Oil Minister said on Tuesday, adding that the market was suffering from short supply.
Iran's 9-month trade with China grows 1.8 pct

Tehran (ISNA) - China remains the top customer of Iran’s oil and non-oil goods in 2018, said a spokesperson with China’s General Administration of Customs.
18th Int’l Industry Exhibition begins in Tehran

Tehran (ISNA) – The 18th International Industry Exhibition kicked off in Tehran on Saturday with participation of 560 foreign and domestic companies.