News in Brief
Iran’s Q1 exports to Algeria up 109%
TASNIM – Iran exported more than $1.134 million worth of non-oil products to Algeria in the first three months of the current Iranian year (March 21–June 22), showing a 109 percent growth compared to the same period last year.
Vice President of the Iran and Africa Business Club Rouhollah Latifi made the remarks on Saturday, adding that 327,000 tons of non-oil products, valued at $122.751 million, were exported from Iran to 36 African countries during the period.
Iran-US trade grows 5% in five months
MEHR – The value of trade exchanges between the US and Iran in the first five months of 2023 has reached $22.4 million, indicating a 5% YOY growth.
According to the latest report released on Sunday by the United States Department of Commerce, US exports to Iran during the period reached $21.9 million, which shows a 34% YOY increase.
Iran ranked 175th among US target export markets in the said period, the report noted.
Afghan firms to construct three piers at Anzali port
TASNIM – A memorandum of understanding (MoU) was signed between an Iranian and an Afghan company for $50 million worth of investment by the Afghan firm at the Caspian port of Anzali, aimed at building three piers.
Hojjatollah Abdolmaleki, the secretary of Iran’s Free Zones High Council, announced that 79 investment projects, valued at $340 million, in seven of Iran’s free zones, are waiting for their licenses to be issued.