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Buyers of Iran oil resist US pressures

Buyers of Iran oil resist US pressures

In a report, the Wall Street Journal wrote that the Trump administration’s effort to pressure Iran depends on countries deeply skeptical of the U.S. campaign against the Islamic Republic, creating resistance that analysts and officials in those countries say could undercut one critical element of the push: curtailing Iran’s oil exports. 

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Iran exports to Qatar increase fivefold

Iran exports to Qatar increase fivefold

The latest statistics published by the customs office in Iran indicate that exports from this country to Qatar show a significant growth as compared to a similar period last year.

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Iran exports increase by 30% in May

Iran exports increase by 30% in May

The volume of exports from Iran increased by 30 percent in May as compared to a similar period last year, according to Iran’s Ministry of Economic Affairs and Finance  

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Three Iranian banks to open branches in Germany

Three Iranian banks to open branches in Germany

The Iranian Ambassador in Turkey has announced that the Iranian Middle East, Saman, and Sina banks will be opening branches in Germany to facilitate trade between Iran and its foreign partners, especially Europeans.  

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Brazil will invest euros 1.2BN in Iran

Brazil will invest euros 1.2BN in Iran

The Brazilian Ambassador to Tehran announced: “Brazil will invest euros 1.2BN to implement projects in Iran.” At a meeting with members of the Abadan Chamber of Commerce, Rodrigo de Azeredo Santos stated: “We need to establish further bilateral banking and currency ties to promote trade between our two countries.”  

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Reduced Iran imports from Russia and US

Reduced Iran imports from Russia and US

According to Iran's foreign trade statistics, imports from Russia and the US have dropped dramatically in the 11 months leading up to February. Based on these statistics, imports from Russia worth USD 615MM and an approximate weight of one million tons show a drop of 58 percent as compared to a similar period the previous year. Russia is the 14th exporter of goods to Iran.

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Iran seeking alternative trade hub to Dubai

Iran seeking alternative trade hub to Dubai

Following new tensions between Iran and the UAE, Tehran is seeking to downgrade Dubai as its regional trading hub and replace it with Qatar and Oman. The Financial Tribune writes that Iran’s recent decision has been taken following new pressures and restrictions by UAE and Dubai officials imposed on Iranian businessmen by ratifying new VAT laws, restricting visas, and limiting banking facilities.  

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Iran-EU trade grows by 53%

Iran-EU trade grows by 53%

Iran-EU trade saw a rise of 53% in 2017 as compared to a similar period the previous year, to reach € 21 billion. The 2015 Iran nuclear agreement, the JCPOA, was implemented for the second year running in 2017, giving Iran sanctions relief.  

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Syria to import tractors from Iran

Syria to import tractors from Iran

The Union of Syrian Chambers of Agriculture has signed an MoU to import tractors from Iran. The Chief of the Union of Syrian Chambers of Agriculture said: “Tractors imported from Iran will be at the disposal of all Syrian farmers in the next few days at reasonable prices.”

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Significant growth of Iran exports to Turkey

Significant growth of Iran exports to Turkey

Statistics show a 68.5% increase in Iran’s exports to Turkey during the first 11 months of 2017. Iran’s trade representative in Turkey announced: “Exports from Iran to Turkey over the first 11 months of 2017 reached the figure of USD 7BN and 17MM, a growth of 68.5% including oil and gas.”  

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Holland ready for Iran investment

Holland ready for Iran investment

Susanna Terstal, the Dutch Ambassador to Tehran, in a meeting with Mansur Moazami, Chairman of the Industrial Development and Renovation Organization of Iran (IDRO), said: “We encourage Dutch companies to cooperate with Iran; however, at times, obtaining the required information needed for companies that are interested in this cooperation is very difficult.”

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