Tag Archives | Turkey

Qatar Says in Talks with Iran on Food Supplies

A Qatari official said Doha is in negotiations with Tehran and Ankara to secure its food and water supplies after Saudi Arabia and the United Arab Emirate (UAE) cut trade and diplomatic ties with the Persian Gulf Arab state. “We are in talks with Turkey and Iran and other countries,” said the official, speaking on […]

Iran, Turkey sign Trade Deals worth $100m

By John Lee. Iran’s Social Security Investment Company (Shasta) has reportedly signed contracts worth $100 million with Turkish firms for construction projects and modernisation of the Arvandan shipbuilding facilities in Khuzestan province. The AFP report also says that the deal includes Iranian construction of a $10-million catamaran — a high-speed double-hulled passenger vessel with an […]

Iran Giving Turkey Free Gas for Past Debts

Iran’s Oil Minister Bijan Namdar Zanganeh said the country is currently not receiving any money from Turkey for the export of gas, because Tehran has to clear its debts under an International Court of Arbitration ruling on a dispute over gas pricing. Zanganeh told reporters on Saturday that Iran is currently not receiving any money […]

Iran, Turkey ready to boost Economic Cooperation

Iran, Turkey ready to open new chapter in relations, boost economic cooperation The Presidents of the Islamic Republic of Iran and the Republic of Turkey talked on phone and stated that they were ready to open a new chapter in relations between the two countries and promote Tehran-Ankara economic ties. During the phone call between […]

Ankara Conference to Study Investment Opportunities in Iran

The Turkish capital of Ankara will soon play host to a conference on studying investment opportunities for Turkish investors in the Iranian market. According to a report carried by Turkey’s Anadolu Agency, the conference, titled “A Study of Investment Opportunities in Iran”, will be held on May 17 with Turkish businessmen and economic officials in […]

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 […]