Energy Economy

Iranian and Azeri officials in a meeting conferred on ways to further increase cooperation and reinvigorate relations between the two neighboring states amid the US sanctions against Tehran.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues.

Iran has exported some $13 billion worth of goods and services to neighboring Iraq in the last local calendar year (March 21. 2018-March 20. 2019). which marks a 37% increase in a year-on-year comparison.

Governor-General of Sulaymeniyeh Haval Abu Bakir underlined that the Iraqi Kurdistan region is determined to further expand ties and cooperation with Iran irrespective of Washington'.s opposition.

Iranian Deputy Economy Minister Mohammad Ali Dehqan Dehnavi said that the Europe-proposed Instrument in Support of Trade Exchanges (INSTEX ) has failed to meet Iran'.s expectations. calling on the European states to compensate for their deficiencies.

A prominent Iranian analyst voiced pessimism about the efficiency of the Europe-proposed Instrument in Support of Trade Exchange (INSTEX) for trade with Iran. stressing that the European states adopt all their measures in coordination with Washington.

A senior official announced that Iran has exported $7.996 million worth of non-oil commodities from its Northeastern province of North Khorassan in the first three months of the current local calendar year (March 21- June 21).

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues. a senior Iranian legislator stressed.

It is part of the banking giant’s global commitment to provide $100bn in sustainable financing and investment by 2025.

The 2018 floods and landslides in Kerala affected around 5.4m people and 1.4m people were displaced from their homes.