INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran plans to double exports to neighboring countries in four years

Ebrahim Raisi. AFP File Photo
  • The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
  • Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months

Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is achievable even within the next two years and a half, said the country’s Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.

Safari, while presenting a report of the 100-day economic record of the new government, said that Iran’s exports to Uzbekistan have grown from $120 million to $500 million over the past two months, according to local media reports.

He also said that the country’s exports to Tajikistan have increased from $60 million to $180 million over the two months.

Safari noted that the Foreign Ministry’s Economic Diplomacy Department has done its best to activate corridors with neighboring countries.

The reports, citing Safari, said that expanding relations with Central Asian countries is one of the top agendas of the Iranian Foreign Ministry and the country has made efforts to join the Central Asian corridors to Iranian Ports of Bandar Abbas and Chabahar.