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Saudi Arabia Hikes VAT, Customs Duties
The Saudi Arabia government has announced customs duties increases on about 3,000 goods, effective 10 June 2020. The rate hike, revealed on 27 May...
Azerbaijan Chamber of Commerce & Industry plans to take part in European project
The Azerbaijan Chamber of Commerce and Industry plans to take part in the European Chamber's project within Eastern Partnership (EaP), Azerbaijan’s chamber.
The organization is...
Iran exports $800m of goods to Iraq in a month
TEHRAN – Iran’s non-oil exports to Iraq in the Iranian calendar month of Ordibehesht (April 20-May 20) reached $800 million, Tasnim news agency reported,...
Siemens Energy signs Al Hamudhia 400kV Substation contract with Iraqi Ministry of Electricity
• Providing reliable power supply to Ramadi, Fallujah, Saqlawyah, Khalediyah cities and surrounding areas in Al Anbar governorate
• Enabling efficient transmission and higher utilization...
Iran’s industry sector experienced a 2.1-percent growth during the past year
Iran’s industry sector experienced a 2.1-percent growth during the past Iranian calendar year (ended on March 19) as the country managed to support and...
Aramco Acquires 70% Stake in SABIC from Saudi Arabia’s PIF
Saudi Aramco recently announced it has acquired a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF),...
Angola: Free Zones to Facilitate National Investors
The Angolan Government has reaffirmed its commitment to accelerating economic growth through the creation of free trade zones, which will offer national and foreign...
Iran’s economy and the new parliament
Iran's parliament initiated its new term on May 27 as Iran's economy faces significant challenges. Although the prevalence of the Covid-19 virus has pushed...
Making Shahr-e-Aftab an FTZ on agenda
TEHRAN – Making Iran’s Shahr-e Aftab International Exhibition Center a free trade zone (FTZ) is on the agenda, the center’s managing director announced.
Mohammad-Raouf Ghaderi...
Coronavirus cuts Iran’s GDP by 15%
TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said coronavirus pandemic has caused the country’s gross domestic product (GDP) to shrink 15...
