Iran to Hold Forum on Promotion of Trade with Africa

The Trade Promotion Organization of Iran is going to hold a forum in early October to weigh plans for boosting Iranian exports to the African nations, an official has announced. Director General of the Arab and African Bureau of the Trade Promotion Organization of Iran, Farzad Piltan, said the forum will be held on October 3 to discuss plans to boost the export of Iranian construction materials and equipment to the African countries. The event is part of the plans devised by the Trade Promotion Organization to help the Iranian producers and exporters find new markets given the African nations’ needs and Iran’s capacity for the export of construction materials and equipment, he noted. Piltan said the forum would be attended by the Iranian private companies and representatives of government organizations, such as the Foreign Ministry, the Ministry of Road and Urban Development, the chambers of commerce, the unions, and the freight transport companies. He finally expressed hope that close interaction with the embassies of Iran in the African countries would help the Iranian and African business people and markets to get acquainted with each other and would raise the trade ties with Africa to the pre-coronavirus levels. Subscribe Facebook Twitter ReddIt Pinterest WhatsApp Viber VK Email Telegram Print LINE The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Continue Reading Iran to Hold Forum on Promotion of Trade with Africa

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian year (March 20- June 20), saying the initial report from the Central Bank indicates that the country’s economy is on track to regain balance after the coronavirus shock. “The country’s economic […] In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian year (March 20- June 20), saying the initial report from the Central Bank indicates that the country’s economy is on track to regain balance after the coronavirus shock. “The country’s economic growth is promising in comparison with the countries that have not faced any sanctions and their economies have been struggling only with the coronavirus,” the top banker said. The figures show that Iran’s oil-free economic growth in the first quarter of this year stood at minus 0.6 percent, while the economic growth with oil was minus 2.8%, he explained. The oil-free economic growth rate results from a 3.8% growth in the agriculture sector, 2.5% increase in the industries and mines, and minus 1.6% growth in the service sector, Hemmati added, noting that the negative growth in the latter sector is caused by the coronavirus-related health restrictions. He finally noted that the negative economic growth with oil incomes compared to the corresponding period a year before is natural and attributed to the pressure of sanctions and a decline in global oil demands due to the outbreak of COVID-19. Subscribe

Continue Reading Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker