Monthly Archives: May 2020

Iran Foreign Trade Touches $9.3b in 2 Months

Iran Foreign Trade Touches $9.3b in 2 Months IRAN NEWS ECONOMIC DESK TEHRAN – Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi says Iran’s foreign trade exceeded $9b in value and 21m tons in weight in the first two months of the current year. Speaking on the country’s foreign trade in the first two months of the current Iranian calendar year, Latifi said that the country exported 21m tons of goods worth $9.341b in the first two months.

Russian $5b Loan to Fund Iran’s Major Railway Project

Russian $5b Loan to Fund Iran’s Major Railway Project IRAN NEWS NATIONAL DESK TEHRAN – Minister of Energy Reza Ardakanian says a loan of $5 billion that Russia has agreed to give Tehran will be used to fund a major railway project in eastern Iran. Speaking to reporters during a visit to the eastern province of South Khorasan on Saturday, Ardakanian said a major railroad project linking the cities of Zahedan and Birjand will be funded by a $5 billion loan provided by the Russian Federation. He said Iran has ratified plans to set up the railroad project, has notified Russia of its decision, and is making arrangements with the Ministry of Economic Development of Russia to carry out the project