EghtesadOnline: Iran’s commercial exchanges with its leading trading partner, China, stood at $3.2 billion in the first three months of 2021 – the lowest quarterly volume in the past five years – to register a 17% year-on-year decline.
EghtesadOnline: China is willing to invest a total of $400 billion in Iran’s economic sectors as part of its 25-Year Cooperation Agreement, some $80 billion of which are to be in the mining sector, the head of Mines and Mineral Industries Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture said.
EghtesadOnline: Iran’s commercial exchanges with top trading partner, China, stood at $14.91 billion in 2020 to register a 35.3% decline compared with the year before.
EghtesadOnline: Field reports show facemasks from China are being smuggled into Iran via ports of entry such as Bandar Genaveh in the southern province of Bushehr and sold on social media like Telegram channels, a member of the oversight board of guild organizations said in a letter to Industries Minister Alireza Razm-Hosseini.
EghtesadOnline: Oil prices climbed on Monday, recouping some losses from the previous session as hopes that OPEC+ will hold current output curbs offset concerns over weaker fuel demand due to growing coronavirus infections and higher production in Libya.
EghtesadOnline: Iran traded 30.78 million tons of non-oil commodities worth $15.15 billion with the member states of Shanghai Cooperation Organization, namely China, India, Pakistan, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan and Tajikistan, during the first seven months of the current Iranian year (March 20-Oct. 21).
EghtesadOnline: Tehran was ranked 102 in the Global Financial Centers Index (GFCI 28) report published by the website of Z/Yen from the United Kingdom and the China Development Institute from Shenzhen.
EghtesadOnline: In March 2020, Iran became the epicenter of the coronavirus pandemic outside China.
EghtesadOnline: Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in a well-supplied market.
EghtesadOnline: Iran’s commercial exchanges with its biggest trading partner, China, hit $8.66 billion from January to July to register a 40.9% decline compared with the corresponding period of 2019.