Tag Archives | Turkey

Imports and Exports Increased, China is Main Partner

Iran’s non-crude-oil exports grew by 3.54 percent in the year ended 20th March 2017, reaching $43.930 billion. During the period, imports increased 5.16 percent to $43.684 billion. Main export items During the period under consideration, the main export items consisted of gas condensate with value of $7.320 billion, light oils and products except gasoline ($2.479 […]

US charges Turkish Banker in Iran Sanctions Probe

By John Lee. Reuters reports that US prosecutors have charged an executive at the Turkish state-owned Halkbank in relation to alleged violations of US sanctions against Iran. Mehmet Hakan Atilla (47) is accused of conspiring with Turkish gold trader Reza Zarrab to use front companies and fake invoices to move hundreds of millions of dollars of […]

Iran Doubles Oil Sales to Turkey

By John Lee. Turkey has reportedly doubled its imports of oil from Iran. Turkey’s Energy Market Regulator said Iran exported about 834,000 tons (about 199,083 b/d) of crude oil to Turkey in January 2017, while the figure for the same month in 2016 was 406,894 tons. Additionally, Turkey exported 643.193 tons of petroleum products to […]

India Seeking Rail Link with Iran, Turkey

Indian Railways is considering the possibility of building a transcontinental rail freight service that would connect India with Iran and Turkey, a report said. The ambitious plan is expected to be a real boon to the Asia Pacific region’s people and business, India’s Business Today website reported. It is expected to bring about a major boost […]

Turkish Retailer Eyes Business Opportunities in Iran

A well-known Turkish retailer has voiced its willingness to find business opportunities in Iran after the termination of anti-Iran sanctions a year after implementation of the nuclear deal between Iran and the world powers. Turkish discount retailer BIM said it is exploring opportunities in Iran for possible opening of stores in the country. The supplier […]

Iran, Turkey sign MoU on Banking Coop

By John Lee. Iran and Turkey set up a joint committee on banking to help achieve trade of $30 billion by the end of 2017. The Central Bank of Iran (CBI) said the first meeting of the committee was held on Wednesday in Tehran. The two delegations discussed ways to remove obstacles to improved banking […]

Minister: Tehran, Ankara should have Free-Trade Agreement

Iran’s Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh called for closer economic relations between the Islamic Republic and Turkey, saying that the two countries should take measures to sign a free-trade agreement (FTA). Nematzadeh and Turkish Minister of Economy Nihat Zeybekci in a meeting in Ankara discussed the latest efforts to boost bilateral […]

Turkish Exports to Iran Jump by over 40%

Turkish exports to Iran from January to November 2016 increased by more than 40 percent compared to the same period last year, recent data published by the Turkish Statistical Institute showed. The total value of Turkish exports to the Islamic Republic in the first 11 months of 2016 reached $4.635 billion, showing a 41 percent […]

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KRG Bans Chicken Imports from Iran

By John Lee. The Kurdistan Regional Government’s (KRG) has reportedly banned the import of chickens and eggs from Iranian farms. An official from the KRG’s agriculture ministry told Rudaw that they have decided to halt the import of Iranian chickens and eggs as the H5N8 bird flu virus has been found in many Iranian fields, […]

Iran, Turkey fight over Tal Afar

By Mustafa Saadoun, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. “Tal Afar will be the cemetery of Turkish soldiers should Turkey attempt to take part in the battle,” Hadi al-Amiri, the head of the Badr Organization and a leader in the Popular Mobilization Units […]