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Where is the market for luxury Iranian goods?

Where is the market for luxury Iranian goods?

The foreign customers of luxury Iranian goods have been introduced. Customs statistics published in Iran indicate that countries like the UAE, Iraq, and Germany were destined for many luxurious items made in Iran over the first six months of the Iranian solar calendar.

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Iran sanction waivers will be renewed

Iran sanction waivers will be renewed

Former Iranian representative for OPEC believes that Saudi Arabia is unable to offset the lack of Iranian oil on the market, leading to a probable price rise to USD 100bp. This has led the US to accept Iranian oil as a market reality and grant sanctions relief to eight countries who need to purchase oil from Iran.

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Non-oil exports of Iran increase by 13%

Non-oil exports of Iran increase by 13%

Iranian customs has announced that non-oil exports have amounted to USD 27BN and 229MM in the first seven months of the Iranian solar calendar beginning in March. Iraq is Iran’s top customer with USD 5BN and 730MM worth of imported goods.

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First exports of Iranian rice to EU and Canada

First exports of Iranian rice to EU and Canada

For the first time after forty years, three consignments of Iranian rice have been exported to Europe and Canada. The price of a kilo of rice exports is equal to the import of six kilograms of rice, indicating the demand for Iranian rice on the global market.

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Iran, Azerbaijan, Russia to connect electricity grids

Iran, Azerbaijan, Russia to connect electricity grids

Iran’s Minister of Energy has announced: “Deputy Ministerial level negotiations have been ongoing over the past ten days between Iran, Russia, and the Republic of Azerbaijan in Moscow to connect the electricity grids of all three countries.”

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Zangeneh: Iran's oil exports are unstoppable

Zangeneh: Iran's oil exports are unstoppable

Iran’s Petroleum Minister has said: “The sustainable supply of oil to customers is one of Iran’s best services and no other country has the capacity to replace Iranian oil on the demanding global oil market.”

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Why is Iran no 1 importer of US soya beans?

Why is Iran no 1 importer of US soya beans?

A former high-ranking Iranian diplomat believes: “An increase in Iranian soya bean imports from the US must be welcomed and taken as a good omen. This seems to be a coordination between US federal agencies and a rational consensus which we hope will spread to other items required by both countries.”

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Iraq the first destination for Iranian exports

Iraq the first destination for Iranian exports

According to the Iran-Iraq Chamber of Commerce Secretary General, Iranian exports to Iraq increased by 45 percent in the first six months of the current year. If this trend continues, this country will become the first destination of Iranian exports.

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Iran exports to the EU rise despite US threats

Iran exports to the EU rise despite US threats

Average non-oil exports from Iran destined for European countries have grown 112.9 percent in weight and 26.33 percent in value in the first half of the current year as compared to a similar period last year despite warning by the US to reduce trade with Iran.

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