Energy Economy

China’s imports from the United States have fallen 26.4% in dollar terms during the first nine months.

Deputy Minister of Industry. Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI) Hamid Zaadboom said that his organization will send commercial attaché to the United Arab Emirates (UAE).

A senior Iranian trade official said that the economic exchanges between Tehran and Damascus can grow 10 fold given the two countries'. potentials and friendly ties.

The move will give councils. developers and a range of other organisations the change to pitch for large-scale sustainable investment.

High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields.

Iranian Minister of Industry. Mine and Trade Reza Rahmani stressed that Washington'.s attempts to isolate the country have all proved useless. referring to Iran'.s temporary membership in the Eurasian Union.

Iran’s non-oil exports reached 61 billion dollars over past 18 months.

Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that foreign exchange reserves of the country increased in the past year (ended March 20. 2019).

Last week. Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September.

In its latest report. World Bank (WB) forecast that Iran’s economy will move out of downturn in 2020.