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                                        Volume. 12122

Western companies hope for a bonanza in Iran
With only weeks to go until a November 24 deadline for a deal between Iran and the West over Tehran’s nuclear program, Iranian and Western inve...
Friday, 31 October 2014
OPEC boosts oil output as prices slide to four-year low
OPEC countries boosted oil output to a 14-month high in October as crude futures sank into a bear market, a Bloomberg survey showed. Production by...
Friday, 31 October 2014
U.S. tech and aerospace companies could miss out if Iran sanctions are suspended
Businesses, especially European technology and aerospace companies, are gearing up for the possible suspension of sanctions on Iran, pending a deal b...
Friday, 31 October 2014
Iran gas exports to Europe would take at least 5 years: experts
LONDON (Reuters) - Iran would take at least five years to start exporting natural gas to the European Union if sanctions were removed, industry exper...
Friday, 31 October 2014
Apple in talks to bring iPhone to Iran
Apple is in early stage talks with Iranian distributors about entering the country’s market after the U.S. began to loosen sanctions on exports...
Friday, 31 October 2014
Iran rises in World Bank Doing Business rankings
TEHRAN - Iran has risen two positions in the new Doing Business rankings of the World Bank, to 130th place. The WB rating assesses the comfort of do...
Thursday, 30 October 2014
Iran’s direct tax income surpasses $10b in 7 months
TEHRAN - Iran’s direct tax income amounted to 330 trillion rials (about $10.3 billion) in the first seven months of the current Iranian calend...
Wednesday, 29 October 2014
Iran urges S.Korean firms to shift strategy from trade to investment
TEHRAN – The Iranian deputy industry, mining, and trade minister has urged South Korean firms to shift their strategy toward Iran from doing t...
Wednesday, 29 October 2014
Iran’s non-oil trade exceeds $57.2 billion in 7 months
TEHRAN – Iran’s total non-oil trade hit $57.214 billion in the first seven months of the current Iranian calendar year (March 21-October ...
Tuesday, 28 October 2014
Iran’s inflation rate falls to 19.4%: Central Bank
TEHRAN – The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period that ended on the last day of the sevent...
Wednesday, 29 October 2014
OPEC unlikely to cut 30 mil b/d crude oil ceiling at November meet: Iranian official
Tehran (Platts)-- OPEC is unlikely to cut its 30 million b/d crude output ceiling at ministerial talks next month, a senior Iranian oil official said...
Wednesday, 29 October 2014
Iran on verge of fuel self-sufficiency: Business Monitor International
Iran is close to self-sufficiency in the production of fuels, according to Business Monitor International (BMI). Iran has traditionally been a net...
Monday, 27 October 2014
Oman-Iran six pacts to boost trade ties
Six memorandums of understanding (MOUs) have been signed between Omani and Iranian trade organizations to boost commercial ties between the two coun...
Monday, 27 October 2014
Iran nuclear deal would open last big frontier stock market
Years of economic sanctions have weakened Iran’s economy but created one of the last unexploited opportunities for international portfolio inv...
Sunday, 26 October 2014
Iran crude oil output to rise to 4.3m bpd soon: deputy minister
TEHRAN--A senior Iranian oil official says the country plans to increase its crude oil production to 4.3 million barrels per day (bpd) soon, amid ho...
Sunday, 26 October 2014
Iran’s technical-engineering exports exceed $4.35b
TEHRAN – Iran has exported over $4.35 billion of technical and engineering services since the beginning of the current Iranian calendar year (...
Sunday, 26 October 2014
Over 400 companies participating in IRANPLEX 2014 expo
TEHRAN- The 13th International Exhibition of Poultry, Livestock, Dairy and Related Industries of Iran (IRANPLEX 2014) kicked off on Sunday at the Te...
Sunday, 26 October 2014
Large Italian trade delegation to visit Iran in November
TEHRAN - A large Italian trade delegation will travel to Iran in November, according to Iran-Italy Joint Chamber of Commerce Chairman Ahmad Pourfall...
Saturday, 25 October 2014
Iran Auto Industry International Conference slated for Dec.1
TEHRAN – The second Iran Auto Industry International Conference will be held in Tehran on December 1. The conference will be held with the g...
Saturday, 25 October 2014
Tehran to host 3rd ECO/IRU regional conference
TEHRAN – The 3rd ECO/IRU Regional Conference on Facilitation of Transit by Road and TIR Convention opens today in Tehran, according to the IRN...
Saturday, 25 October 2014
Capital Intelligence affirms Iran’s currency rating of ‘B’
TEHRAN - Capital Intelligence (CI), the international credit rating agency, announced on Friday that it has affirmed Iran’s long-term and shor...
Saturday, 25 October 2014
Iran implementing energy projects in Iraq worth over $1.3 billion
TEHRAN – Iranian companies are implementing 31 water and electricity projects in Iraq, valued at $1.327 billion, Bahram Nezamolmaleki, an Iran...
Saturday, 25 October 2014
Ankara hosts Iran-Turkey investment opportunities confab
TEHRAN – The fourth international conference on Iran-Turkey investment opportunities was held in Ankara, the IRNA news agency reported on Frid...
Saturday, 25 October 2014
Iran, Iraq plan to quintuple trade to $30 billion
TEHRAN – Iran and Iraq are working to finalize a comprehensive trade document which could quintuple their bilateral trade to $30 billion per ye...
Thursday, 23 October 2014
Iran’s Jan.-Sept. crude steel output rises 6.6%: WSA
TEHRAN – Iran produced 12.06 million tons of crude steel in the first nine months of 2014, a 6.6 percent rise compared to the same period in 2...
Thursday, 23 October 2014
Iran, Armenia discuss ways to boost agricultural ties
TEHRAN- Iranian Agriculture Minister Mahmoud Hojjati met with his Armenian counterpart Sergo Karapetian in Tehran on Tuesday to discuss ways to enha...
Tuesday, 21 October 2014
Iran, Russia to open new chapter in trade ties
TEHRAN--Iran and Russia are considering possibilities of opening a new chapter in their trade relations, with experts saying the new measures could ...
Tuesday, 21 October 2014
Iran’s cement exports exceed 7m tons in 6 months
TEHRAN – Iran exported over 7 million tons of cement in the first six months of the current Iranian calendar year (March 21-September 22) the I...
Tuesday, 21 October 2014
9 Iranian companies participating in Baghdad International Fair
TEHRAN- Nine Iranian companies are participating in the 41st Baghdad International Fair, which kicked off on Monday at Baghdad Permanent Internationa...
Tuesday, 21 October 2014
Tourist visits to Iran soar, boosted by European travelers
TEHRAN— The number of foreigners visiting Iran jumped dramatically over the 12-month period ending in March, with 35 percent more tourists com...
Tuesday, 21 October 2014
Bahrain's Gulf Air set to resume flights to Shiraz
Gulf Air, the national carrier of Bahrain, has announced that it will be restarting flights to Shiraz in Iran. The route to the capital of Fars Pro...
Tuesday, 21 October 2014
Support for top exporters led to 20% rise in Iran’s non-oil exports: VP
TEHRAN – Iran has witnessed a 20-percent rise in its non-oil exports since the country adopted a policy of supporting the leading exporters, a...
Monday, 20 October 2014
Iran, Armenia discuss ways to boost industrial, trade ties
TEHRAN - Iranian Industry, Mining, and Trade Minister Mohammadreza Ne’matzadeh met with Armenian Minister of Energy and Natural Resources Yerv...
Monday, 20 October 2014
Tehran, Islamabad won't cancel IP project, Iran says
TEHRAN- The Iranian Oil Ministry has announced that Iran and Pakistan do not intend to cancel the Iran-Pakistan gas pipeline project, the IRNA news ...
Monday, 20 October 2014
Iran’s petrochemical exports up 7% in 6 months
TEHRAN- The value of Iran’s petrochemical exports rose 7 percent in the first half of the current Iranian calendar year (March 21-September 22)...
Sunday, 19 October 2014
Alipour appointed new director of NISOC
TEHRAN - Bijan Alipour has been appointed as the new managing director of the National Iranian South Oil Company (NISOC). Previously, Alipour was t...
Sunday, 19 October 2014
Over 800 firms participating in 2 intl. trade fairs in Tehran
TEHRAN – Two international trade exhibitions were inaugurated on Friday at the Tehran Permanent International Fairgrounds. Over 800 Iranian ...
Saturday, 18 October 2014
Business chiefs look to future Iran opportunities as relations thaw
Iran’s business elite and foreign entrepreneurs gathered in London on October 15-16 to lay the ground for the day international sanctions are e...
Saturday, 18 October 2014
SCO Development Bank ready to finance projects in Iran
MOSCOW (ITAR-TASS)-- The Development Bank of the Shanghai Cooperation Organization (SCO) led by Russia and China will focus on financing interstate i...
Saturday, 18 October 2014
Iran says oil’s price drop no threat, won’t demand production cut
Iranian officials are taking the current drop in oil prices in stride and don’t plan to demand a cut in production by OPEC. During previous p...
Saturday, 18 October 2014
Iran, Vietnam ink MOUs to boost customs, trade ties
TEHRAN – Iran and Vietnam signed four memorandums of understanding, including an MOU to avoid double taxation, with the goal of boosting custo...
Friday, 17 October 2014
Iran allocates $400m for expansion of modern irrigation systems
TEHRAN – The Iranian Agriculture Ministry has allocated 13 trillion rials (about $400 million) for the expansion of modern irrigation systems ...
Friday, 17 October 2014
Tehran hosts Iran-Russia economic, trade conference
TEHRAN –The first Iran-Russia economic and trade conference was held in Tehran on Wednesday with 800 Iranian and Russian businessmen in attend...
Friday, 17 October 2014
‘Iran’s metros will lead to petrol consumption drop of 680m liters’
TEHRAN – The development of the metro systems of Iran’s major cities is expected to increase the number of journeys from 880 million to 2...
Wednesday, 15 October 2014
‘Iran is world’s 3rd largest producer of decorative stones’
TEHRAN -- Davood Keshavarazian, the director of the department for mineral discoveries of the Iranian Ministry of Industry, Mining and Trade, has ann...
Wednesday, 15 October 2014
Iran exporting medicine to 13 countries: health minister
TEHRAN – Iran is currently exporting medicine to 13 countries, Health Minister Hassan Qazizadeh Hashemi said, without naming the countries. &...
Tuesday, 14 October 2014
Over 400,000 jobs created in Iran in 6 months: govt. spokesman
TEHRAN – More than 400,000 jobs have been created in the first half of the current Iranian calendar year, which began on March 21, government s...
Tuesday, 14 October 2014
Iran to invest €300m in power plant project
TEHRAN – The Iranian Energy Ministry will invest €300 million to build a combined cycle power plant with a projected capacity of 1,000 meg...
Sunday, 12 October 2014
Iran’s economic achievements significant: IMF deputy chief
TEHRAN - Central Bank of Iran Governor Valiollah Seif met International Monetary Fund Deputy Managing Director Naoyuki Shinohara in Washington on Fri...
Sunday, 12 October 2014
Iran needs to create 8 million jobs in near future: fin min
TEHRAN - Iran’s minister of finance and economic affairs says that the administration of President Hassan Rouhani has made the task of creating...
Sunday, 12 October 2014
Iran to invest $220m in 30 tourism projects
TEHRAN – Iran’s Cultural Heritage, Tourism and Handicrafts Organization will invest 7 trillion rials (about $220 million) to implement 30...
Sunday, 12 October 2014
Iran divests state shares worth about $1 billion
TEHRAN – Iran has transferred 31.98 trillion rials (about $1 billion) of shares of state-run companies to the private sector in the current Ira...
Sunday, 12 October 2014
Iran considers exporting fruits, agricultural products to Russia
TEHRAN – Iran is considering ways to export fruits and other agricultural products to Russia, Iranian Agriculture Minister Mahmoud Hojjati said...
Saturday, 11 October 2014
Iran’s jobless rate dropped to 9.5% in summer
TEHRAN – Iran’s jobless rate reached 9.5 percent in summer, the Statistical Center of Iran reported. The center put the number of unemp...
Saturday, 11 October 2014
Iran oil minister invites Japan to discuss energy
TEHRAN — In an exclusive interview with the Yomiuri Shimbun, Iranian Oil Minister Bijan Namdar Zanganeh said it is important for Japanese compa...
Thursday, 09 October 2014
IMF projects 2.2% GDP growth for Iran in 2015 amid global economic slowdown
TEHRAN - International Monetary Fund released its World Economic Outlook in the month of October, projecting a 2.2% real GDP growth for the Islamic R...
Thursday, 09 October 2014
Iran to offer 24-hour custom and revenue services
TEHRAN -- Deputy Finance and Economic Affairs Minister Masoud Karbasian, who is also the director of Iran’s Customs Administration, said on Wed...
Thursday, 09 October 2014
Inflation rate falls to 20.9% in Iran’s rural areas
TEHRAN - The inflation rate in Iran’s rural areas fell to 20.9 percent for the 12-month period ended on the last day of the sixth Iranian calen...
Thursday, 09 October 2014
Iran’s car output rises 73.5% in a month
TEHRAN – Iranian carmakers manufactured 114,973 cars in the sixth Iranian calendar month of Shahrivar (August 23-September 22), a 73.5 percent ...
Thursday, 09 October 2014
Peugeot mulling establishment of joint venture in Iran
TEHRAN -- French carmaker PSA Peugeot Citroen is mulling the establishment of a joint venture in Iran. Peugeot CEO Carlos Tavares and Middle East ...
Wednesday, 08 October 2014
Eni ranks Iran 2nd in gas exports in 2013
TEHRAN--Iran was ranked second in 2013 among natural gas exporters, pumping 128.08 billion cubic meters of gas abroad, the Italian energy company, En...
Wednesday, 08 October 2014
Tehran hosting Asia-Pacific airport safety meeting
TEHRAN- The 14th meeting of the Asia-Pacific Regional Safety Committee of Airports Council International (ACI) kicked off on Tuesday in Tehran, the I...
Wednesday, 08 October 2014
Iran boosts steel output, exports in bid to buffer impact of sanctions
LONDON/MOSCOW (Reuters) - Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade a...
Monday, 06 October 2014
Iran’s car output rises 74.3% in 6 months
TEHRAN - Car manufacturing in Iran grew by 74.3 percent in the first half of the current Iranian calendar year (March 21-September 22), compared to t...
Monday, 06 October 2014
Iran to boost wind power generation capacity
TEHRAN - Iran will boost its wind power generation capacity through commissioning 40 new wind turbines in the Manjil wind farm, which is located in t...
Monday, 06 October 2014
About 60 foreign firms in Iran for Telecom expo
TEHRAN - The 15th International Exhibition of Telecommunications, Information Technology and Solutions of Iran (Iran Telecom 2014) opens today at the...
Monday, 06 October 2014
Over 6.7m tons of goods transited via Iran in 6 months
TEHRAN - Over 6.7 million tons of goods were transited via Iran in the first six months of the current Iranian calendar year (March 21-September 22),...
Monday, 06 October 2014
U.S. exports to Iran jump 40% in a month
TEHRAN – U.S. exports to Iran jumped 40 percent in value in the sixth Iranian calendar month of Shahrivar (August 23-September 22) compared to ...
Saturday, 04 October 2014
Iran’s car imports up 115% in 6 months
TEHRAN – Iran imported 51,474 cars in the first six months of the current Iranian calendar year, which began on March 21, a 115 percent rise ye...
Saturday, 04 October 2014
Iran unveils energy saving plans valued at $12b
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says eight plans, valued at $12 billion, have been developed to reduce gasoline, diesel fue...
Wednesday, 01 October 2014
Iran increases natural gas imports from Turkmenistan
TEHRAN – Iran has increased natural gas imports from Turkmenistan by 2 million cubic meters per day, National Iranian Gas Company's Managin...
Wednesday, 01 October 2014
Iran has 3.5 million jobless: labor minister
TEHRAN - Iranian Labor, Cooperatives, and Social Welfare Minister Ali Rabiei says there are 3.5 million jobless people in the country. He said one ...
Wednesday, 01 October 2014
Iran allocates over $3.4b for development projects in 6 months
TEHRAN – The Iranian administration has allocated 110 trillion rials (about $3.437 billion) for the implementation of development projects in t...
Wednesday, 01 October 2014
Iran’s non-oil trade up 44% in 6 months
TEHRAN – Iran’s total non-oil trade hit $49.69 billion in the first half of the current Iranian calendar year (March 21-September 22), a ...
Monday, 29 September 2014
10 petrochemical plants to come on stream in Iran by March 2016
TEHRAN - Ten large petrochemical plants will come on stream in Iran by the end of the next Iranian calendar year (March 20, 2016), an official with t...
Monday, 29 September 2014
Iran extends electricity export deal with Iraq
TEHRAN – Iran has extended electricity export deal with Iraq by the end of 2014. The deal for exporting Iranian electricity to Iraq had been ...
Monday, 29 September 2014
Iran’s gas condensate exports exceed $4.3b in 6 months
TEHRAN - Iran exported $4.34 billion of gas condensate in the first half of the current Iranian Calendar year (March 21-September 22), a 52 percent r...
Monday, 29 September 2014
‘Boosting trade ties with Iran is Turkey’s top priority’
TEHRAN –Turkish Economy Minister Nihat Zeybekci says boosting trade ties with Iran is Turkey’s top priority. “I explicitly declar...
Monday, 22 September 2014
Iran elected chair of ICID
TEHRAN – Iran has been elected as the new chair of the International Commission on Irrigation and Drainage (ICID), the IRNA news agency reporte...
Monday, 22 September 2014
‘Iran has no plans to establish joint chamber of commerce with U.S.’
TEHRAN - Iran has no plans to establish a joint chamber of commerce with the U.S., according to Pedram Soltani, the vice chairman of the Iran Chamber...
Sunday, 21 September 2014
Iran’s container shipping poised for growth: Business Monitor
TEHRAN – Iran’s container shipping is set to take tentative steps to recovery and is poised for growth, Business Monitor International sa...
Sunday, 21 September 2014
Turkish Exporters Assembly seeking enhanced trade ties with Iran
TEHRAN – The Turkish Exporters Assembly, known as TIM, has sent a delegation to Iran to explore ways to enhance bilateral trade ties. The del...
Sunday, 21 September 2014
‘Water market’ to help Iranians economize on consumption
TEHRAN – Iran will establish a water market with the goal of economizing on the consumption of water resources. Iranian Energy Minister Hamid...
Saturday, 20 September 2014
India ships in 50% more Iranian oil in Jan.-Aug.
NEW DELHI (Reuters) - Indian imports of Iranian oil rose by nearly half to 271,000 barrels per day (bpd) in January-August from a year ago, when refi...
Saturday, 20 September 2014
Russian company to build petrochemical complex in Iran
TEHRAN – The Russian oil and gas company RAO Rosneftegazstroy has agreed to build the Hormoz Petrochemical Complex in Iran’s southern por...
Wednesday, 17 September 2014
Iran proposes direct shipping, flight routes to Venezuela
TEHRAN- Iranian Industry, Mining, and Trade Minister Mohammad Reza Ne’matzadeh has proposed that direct shipping and flight routes to be establ...
Wednesday, 17 September 2014
Iran shares cast a spell
The best performing stock market in the world in 2013 was up 130 per cent last year. The country it serves has a population of nearly 80 million, som...
Wednesday, 17 September 2014
High-ranking Azerbaijani economic delegation in Tehran
TEHRAN - Azerbaijan’s Economy and Industry Minister Shahin Mustafayev, heading a high-ranking delegation, arrived in Tehran on Tuesday for a th...
Wednesday, 17 September 2014
Iran’s daily gasoline imports fall to 4.7m liters: official
TEHRAN – Iran has imported 4.7 million liters of gasoline per day on average since the beginning of the current Iranian calendar year (March 21...
Wednesday, 17 September 2014
Iran offers new tax incentive to foreign investors
TEHRAN – The Iranian government has introduced a new tax incentive to attract more foreign investment, Iranian Deputy Industry, Mining, and Tra...
Wednesday, 17 September 2014
Iranian car imports rise by 150% after easing of sanctions
Iranian car imports rocketed by 150 percent in the five months to August, as a loosening of trade sanctions against Tehran in February ushered in a r...
Tuesday, 16 September 2014
Iran to double gas transfer capacity by 2025
TEHRAN – Iran will double its natural gas transfer capacity to 400 billion cubic meters per year by 2025. Mohammad Ali Emam, the managing dir...
Tuesday, 16 September 2014
Iran, Mexico to establish joint business council
TEHRAN – Iran and Mexico have signed a memorandum of understanding to establish a joint business council in a bid to boost their bilateral trad...
Tuesday, 16 September 2014
Iran to scrap 400,000 cars to east pollution
TEHRAN – The Iranian government has announced plans to take up to 400,000 vehicles that don’t meet emission standards off the roads by th...
Tuesday, 16 September 2014
Iran barters with 176 countries in H1
During the first six months of 2014 Iran has bartered with 176 countries from around the world. Iran recorded its Balance Of Trade (BOT) positive w...
Saturday, 13 September 2014
Increase in Iran oil storage to increase export flexibility
LONDON (Reuters) - A substantial increase in Iranian oil storage capacity will give the country more flexibility to export crude, the International E...
Saturday, 13 September 2014
Iran inaugurates hydropower plant in Tajikistan
TEHRAN - Iranian President Hassan Rouhani inaugurated the second generating unit of an Iranian-financed hydroelectric power plant in Tajikistan, in a...
Saturday, 13 September 2014
Iran’s 2nd wind farm to come on stream
TEHRAN – The second wind farm in Iran will come on stream in the northeastern province of Khorasan Razavi. Four wind turbines will generate a...
Saturday, 13 September 2014
Renaissance Capital seeks to enter Iran’s capital market
TEHRAN – Senior officials of the leading Russian investment banking firm, Renaissance Capital, have held talks with members of the board of dir...
Saturday, 13 September 2014
‘Iran-Russia trade could jump tenfold in 2 years’
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says Iran and Russia can increase bilateral trade by tenfold over the next two years. On ...
Thursday, 11 September 2014
Iran, Tajikistan sign 9 cooperation agreements
TEHRAN – Iran and Tajikistan signed nine cooperation agreements on Wednesday in Dushanbe, the capital of Tajikistan. The agreements were sign...
Thursday, 11 September 2014
Iran’s non-oil exports exceed $16.4b in H1
TEHRAN – Iran exported $16.425 billion of non-oil products in the first half of 2014, a 3.5 percent rise compared to the first half of 2013, th...
Thursday, 11 September 2014
Inflation rate falls to 22.3% in Iran’s urban areas
TEHRAN - The inflation rate in Iran’s urban areas fell to 22.3 percent for the 12-month period ended on the last day of the fifth Iranian cale...
Thursday, 11 September 2014
Spanish firms keen to invest in Iran's mining sector
TEHRAN – Spain’s International Society of Contractors (Ceoe) has announced its willingness to invest in Iran’s mining projects. C...
Wednesday, 10 September 2014
‘Iran ready to import 10m tons of wheat from Russia’
TEHRAN - Iranian Ambassador to Russia Mehdi Sanaei has said that Iran is ready to import 10 million tons of wheat from Russia, the IRNA news agency r...
Wednesday, 10 September 2014
Iran’s private sector to invest $310m in water, wastewater projects
TEHRAN – The Iranian private sector plans to invest 9.5 trillion rials (about $310 million) in seven water and wastewater management projects...
Tuesday, 09 September 2014
Iran-Turkmenistan-Kazakhstan railroad to open soon
TEHRAN – Iranian President Hassan Rouhani says a railroad project, aimed to connect Iran, Turkmenistan, and Kazakhstan, will be inaugurated in...
Tuesday, 09 September 2014
Over $44m allocated for rebuilding quake-hit houses in Ilam
TEHRAN – The deputy director for rebuilding rural houses of the Islamic Revolution Housing Foundation, Azizollah Mehdian, has announced that mo...
Tuesday, 09 September 2014
Iran’s cement exports exceed 5.8m tons in 5 months
TEHRAN – Iran exported over 5.8 million tons of cement in the first five months of the current Iranian calendar year (March 21-August 22), a 12...
Monday, 08 September 2014
Large natural gas storage facility inaugurated in northeastern Iran
TEHRAN – A large natural gas storage facility with a capacity to store 8.4 billion cubic meters of natural gas came on stream on Sunday in Ira...
Monday, 08 September 2014
Iran’s 5-month pistachio exports rise 52% on year
TEHRAN - Iran exported $237 million of pistachio in the first five months of the current Iranian calendar year (March 21-August 22), a 52 percent ri...
Monday, 08 September 2014
IMF sees jobless rate rising in Iran
TEHRAN - The International Monetary Fund has predicted that the unemployment rate in Iran will rise to 14.65 in 2015, the Tasnim News Agency reported...
Monday, 08 September 2014
Iran plans to expand food exports to Russia: agriculture minister
TEHRAN – The Iranian Agriculture Ministry has set up a working group to expand exports of food products to Russia, according to Agriculture Mi...
Sunday, 07 September 2014
Iran sees no limits to expansion of economic ties with Russia: oil minister
TEHRAN – Iran sees no limits to expand economic ties with Russia, Iranian Oil Minister Bijan Namdar Zanganeh said. Iran and Russia will hold...
Sunday, 07 September 2014
Iran’s car output rises 63.6% in a month
TEHRAN – Iranian carmakers manufactured 76,139 vehicles in the fifth Iranian calendar month of Mordad (July 23-August 22), a 63.6 percent jump...
Sunday, 07 September 2014
Tehran hosting 3 international exhibitions
TEHRAN – Three international exhibitions are being held concurrently at the Tehran Permanent International Fairgrounds. The 6th Internationa...
Sunday, 07 September 2014
Large Czech trade delegation to visit Iran
TEHRAN – Representatives of 22 Czech companies are set to leave for Iran on September 13 for a four day visit. The delegation, organized by...
Saturday, 06 September 2014
Iran receives $1b under extended nuclear deal
Iran’s central bank has received a total of $1 billion of previously frozen oil revenue from Japan under the terms of an extended nuclear agre...
Saturday, 06 September 2014
IRGC has implemented about 13,000 anti-poverty projects: general
KERMANSHAH – The Islamic Revolution Guards Corps has implemented about 13,000 projects for the eradication of poverty across Iran, according to ...
Thursday, 04 September 2014
Iran oil minister vows to bypass sanctions after new U.S. curbs
DUBAI (Reuters) - Iranian Oil Minister Bijan Namdar Zanganeh said Tehran would continue to bypass sanctions after the United States penalized a number...
Thursday, 04 September 2014
Iran produces 29.5m tons of cement in 5 months
TEHRAN – Iran produced over 29.5 million tons of cement in the first five months of the current Iranian calendar year (March 21-August 22).Moreo...
Thursday, 04 September 2014
Iran agrees on gas export volume with Oman
DUBAI (Reuters) - Iran has agreed to export 20 million cubic meters per day (mcm/d) of gas to Oman, Iranian Oil Minister Bijan Namdar Zanganeh said....
Wednesday, 03 September 2014
Iran to export diesel fuel to Iraq soon
TEHRAN – Iran will start exporting 2.5 million tons of diesel fuel to Iraq in the near future. National Iranian Oil Products Distribution Co...
Wednesday, 03 September 2014
Nearly 5.5m tons of goods transited via Iran in 5 months
TEHRAN - Over 5.491 million tons of goods were transited via Iran during the first five months of the current Iranian calendar year (March 21-August...
Wednesday, 03 September 2014
India allocates $100m for Iran port
India has earmarked $100 million for the development of Chabahar port in Iran so as to improve trade with Afghanistan and other Central Asian countri...
Tuesday, 02 September 2014
Oman, Kuwait eye Iranian gas as Pakistan delays imports
The real war between Iran and the United States, which is supported by many European countries, appears to be over energy supply deals. Under some p...
Tuesday, 02 September 2014
Germany, EU’s leading exporter to Iran: Eurostat
TEHRAN – Germany was the leading exporter of goods to Iran among the EU nations in June 2014, according to the EU statistics agency Eurostat. ...
Monday, 01 September 2014
Hundreds of foreign investors visited Iran over past year: official
TEHRAN – Some 300 foreign business delegations have traveled to Iran over the past 12 months, according to Iranian Deputy Finance and Economic...
Monday, 01 September 2014
Resources to be drawn from NDF to save Zayanderud: VP
TEHRAN – The Iranian government will use the resources from the National Development Fund (NDF) to finance the project to save the Zayanderud R...
Monday, 01 September 2014
Turkey’s imports from Iran up 31% in July: TurkStat
TEHRAN- Turkey imported $929 million worth of goods from Iran in July, showing 31 percent growth compared to the same month last year, according to ...
Monday, 01 September 2014
Creation of one million jobs annually will resolve unemployment problem: labor minister
TEHRAN - Iranian Cooperatives, Labor, and Social Welfare Minister Ali Rabiei says one million jobs should be created per year to resolve the unemploy...
Monday, 01 September 2014
Iran’s 5-month car output rises 73.4%
TEHRAN - Car manufacturing in Iran grew by 73.4 percent in the first five months of the current Iranian calendar year (March 21-August 22) compared ...
Monday, 01 September 2014
Iran’s non-oil exports up 20.8%
TEHRAN – Iran exported $19.63 billion of non-oil products in the first five months of the current Iranian calendar year, which began on March ...
Sunday, 31 August 2014
Iran’s industrial growth rate hits 2%: deputy minister
TEHRAN - Iran’s industrial growth rate is currently 2 percent, according to deputy industry minister Ja’far Sarqini. The industrial gr...
Sunday, 31 August 2014
Iran exports $950m of petrochemical products
TEHRAN – Iran exported 928,000 tons of petrochemical products, valued at $950m, in the first five months of the current Iranian calendar year,...
Sunday, 31 August 2014
Iran inaugurates its biggest solar power plant
TEHRAN – Iran on Thursday officially inaugurated its biggest solar power plant with the capacity to produce 514 kilowatt hours of electricit...
Saturday, 30 August 2014
Asian buyers take 29.4% more Iran oil in July on-year
TOKYO (Reuters) - Iran’s major Asian customers shipped in 29.4 percent more crude in July from a year earlier, with China, Tehran’s bi...
Saturday, 30 August 2014
First-ever European luxury train to set off Iran journey
The first European private train to enter Iran will make a two-week journey from Budapest to Tehran in October. The first “Golden Eagle-Dan...
Wednesday, 27 August 2014
Iran delays London oil conference to Feb. 2015
DUBAI (Reuters) - Iran has postponed by three months a conference to offer multinationals the rights to develop oil deposits, giving time for sanct...
Wednesday, 27 August 2014
Iran opens permanent trade center in Hungary
TEHRAN – The Trade Promotion Organization of Iran has opened a permanent trade center in Hungary’s capital Budapest, with the aim of bo...
Wednesday, 27 August 2014
Iran allocates $60b for energy saving, environmental projects
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says the administration has allocated $60 billion for implementing energy saving and envi...
Wednesday, 27 August 2014
Oman yet to conduct Iran gas pipeline feasibility studies
The Omani government is yet to appoint a consultant to conduct feasibility studies for building a 260-km-long pipeline, aimed to carry Iranian gas t...
Tuesday, 26 August 2014
Iran reports increase in foreign commercial ships arriving at its ports
Iran has witnessed a steady increase in foreign commercial ships arriving in its ports after Western countries eased sanctions on Tehran, Anadolu n...
Tuesday, 26 August 2014
alt Iranian expatriate to invest in Shush tractor manufacturing project
DEZFUL, Khuzestan Province- Mehdi Firouzi, an Iranian expatriate living in Germany declared his willingness to make investments in the construction ...
Saturday, 23 August 2014
alt Iran set to launch 160 mine, industry projects in Government Week: official
TEHRAN- About 160 industrial and mining projects will be inaugurated in Iran during the Government Week (August 23-29), according to Ali Yazdani, an...
Saturday, 23 August 2014
China’s July crude imports from Iran jump 40.6%
BEIJING (Reuters) - China’s crude imports from Iran expanded 40.6 percent in July from a year ago, customs data showed on Thursday, as Tehran&rs...
Friday, 22 August 2014
Russia steps up economic collaboration with Iran
Russia and Iran are expected to sign new trade deals in September, and that has some experts attempting to model the impact of greater economic collab...
Wednesday, 20 August 2014
Inflation projected to fall below 20% by March 2015: Rouhani
TEHRAN – The inflation rate in Iran is projected to fall below 20 percent by the end of the current Iranian calendar year, President Hassan Rouh...
Wednesday, 20 August 2014
Housing minister visits quake-stricken regions in Ilam Province
TEHRAN - Iranian Transport and Urban Development Minister Abbas Akhoundi visited the quake-stricken regions of Abdanan in the western province of Ilam...
Wednesday, 20 August 2014
Iran will not stop Turkmen natural gas imports: official
TEHRAN - Iran will not stop importing natural gas from Turkmenistan, National Iranian Gas Company's Managing Director Hamidreza Araqi said on Tue...
Tuesday, 19 August 2014
Iran plans to improve efficiency of power plants
TEHRAN – Iran has prepared a plan which could increase the efficiency of its power plants to 45 percent from the current 38 percent by 2025. ...
Tuesday, 19 August 2014
Iran’s crude steel output up 8.6% in 4 months
TEHRAN – Iran produced 5.582 million tons of crude steel in the first four months of the current Iranian calendar year, which began on March 21...
Tuesday, 19 August 2014
Iran to hold construction, energy expo in Turkmenistan
TEHRAN – The first exclusive exhibition of Iran on construction, oil and gas will open today in Turkmenistan’s capital city of Ashgabat. ...
Tuesday, 19 August 2014
Iran lures investors seeing nuclear deal ending sanctions
On a May afternoon in Tehran, a Russian in a dark suit sits in the crowded lobby cafe of the Espinas Persian Gulf International Hotel with his Farsi t...
Monday, 18 August 2014
Iran hosting ECO conference on health tourism
TEHRAN – The first international conference of the member countries of the Economic Cooperation Organization on health tourism opened on Monday ...
Monday, 18 August 2014
13 European, Asian firms ready to invest in Iran gas projects
TEHRAN - Thirteen European and Asian companies have announced they are ready to invest in Iranian gas projects, according to National Iranian Gas Comp...
Sunday, 17 August 2014
Iran exports $7.9b of crude oil, gas condensates in 4 months: MP
TEHRAN – Iran exported $7.9 billion of crude oil and gas condensates in the first four months of the current Iranian calendar year, which began ...
Sunday, 17 August 2014
Iran has imported 670m liters of gasoline since mid-March: official
TEHRAN – Iran has imported 670 million liters of gasoline, valued at 22 trillion rials (about $710 million) since the beginning of the current I...
Sunday, 17 August 2014
Iran’s NDF allocates $2.3b for anti-recession plan
TEHRAN – The National Development Fund (NDF) of Iran has allocated 70 trillion rials (about $2.3 billion) for the anti-recession plan, which has...
Sunday, 17 August 2014
Iran to boost gas exports to Turkey
Iran plans to increase its gas exports to Turkey by bolstering its gas pressure facilities in Tabriz, IRNA reported on Saturday. Abdolhossein Samar...
Sunday, 17 August 2014
Iran ready to transfer 1m tons of oil to Uzbekistan annually via Oman link: ambassador
Iran is ready to transfer one million tons of oil to the refineries in Uzbekistan annually through a transport corridor that would also link Oman, ac...
Sunday, 17 August 2014
Iran to invest $2.5b to build oil terminal at Sea of Oman port
TEHRAN – Iran is planning to invest $2.5 billion to build a new crude oil export terminal at Jask Port on the Sea of Oman, bypassing the strateg...
Saturday, 16 August 2014
Iran to create half a million jobs by March 2015: labor minister
TEHRAN - Iranian Cooperatives, Labor, and Social Welfare Minister Ali Rabiei says 500,000 jobs will be created in the country by the end of the curren...
Saturday, 16 August 2014
Iran’s king of cars sees need for economic speed
A little over 26 years ago, Mohammad Reza Najafi started manufacturing auto parts in Iran. Today he’s an industry leader, supplying roughly t...
Saturday, 16 August 2014
Iran to boost electricity exports to regional countries
TEHRAN – Iran plans to boost electricity exports to the United Arab Emirates, the Republic of Azerbaijan, Armenia, and other regional countries,...
Friday, 15 August 2014
Iran plans to develop South Pars in 3 years regardless of sanctions
Iran plans to finish developing its giant South Pars gas field within three years, regardless of the sanctions on its economy, and is rescheduling a c...
Friday, 15 August 2014
Iranian administration owes over $22.5b to national banking system: banker
TEHRAN – The Iranian administration owes 700 trillion rials (over $22.5 billion) to the national banking system, according to Abdonnaser Hemmati...
Friday, 15 August 2014
HSBC closes account of UK carpet shop with Persian in its name
British multinational banking and financial services company, HSBC, has closed the account held by a UK carpet company, with the owners claiming they ...
Friday, 15 August 2014
Iranians back Rouhani’s efforts to tackle legacy of sanctions
When Hassan Rouhani was sworn in as Iran’s president this time last year, he pledged to pursue detente with the international community and brin...
Friday, 15 August 2014
Switzerland suspends some sanctions on Iran until mid December
Switzerland said on Wednesday it would maintain a suspension of sanctions against Iran on trade in precious metals and in petrochemical products until...
Friday, 15 August 2014
Land transfer to foreign firms in Aras free trade zone approved
TEHRAN – The administration of Iranian President Hassan Rouhani has approved legislation allowing the transfer of land to foreign companies in t...
Wednesday, 13 August 2014
Iran's economy shrank 1.9% last calendar year: c. bank
TEHRAN – The Central Bank of Iran has confirmed that the national economy, including the oil sector, contracted by 1.9 percent in the Iranian ca...
Wednesday, 13 August 2014
Iran imports 34,000 cars, valued at $683m, in 4 months
TEHRAN – Iran imported over 34,000 cars, valued at about $683 million, in the first four months of the current Iranian calendar year (March 21-J...
Wednesday, 13 August 2014
With natural gas byproduct, Iran sidesteps sanctions
Iran is finding a way around Western sanctions to export increasing amounts of ultralight oil to China and other Asian markets, expanding the value o...
Wednesday, 13 August 2014
India’s NACL plans to build $3 billion smelter complex in Iran
TEHRAN - India’s National Aluminum Company (NACL) plans to build a 500,000 metric ton smelter and a 1,000-megawatt captive power plant possibly...
Tuesday, 12 August 2014
Iran’s cement output exceeds 23.8m tons in 4 months
TEHRAN – Iran produced over 23.8 million tons of cement in the first four months of the current Iranian calendar year (March 21-July 22). Mor...
Tuesday, 12 August 2014
Iran’s largest wind farm comes on stream
TEHRAN - The first phase of Iran’s largest wind farm came on stream on Monday in the town of Takestan, which is located in the northwestern prov...
Monday, 11 August 2014
No need to import Turkmen gas, Iran says
TEHRAN – Iranian Oil Minister, Bijan Namdar Zanganeh says the country does not need to import natural gas from Turkmenistan. “However, I...
Monday, 11 August 2014
Czech chamber of commerce plans first-ever business mission to Iran
TEHRAN - The Czech chamber of commerce is planning its first-ever business mission to Iran in September to examine the opportunities that may arise if...
Monday, 11 August 2014
International Transport Companies Association welcomes Iran’s decision to open Iraq route
TEHRAN - The International Transport Companies Association released a statement on August 9 to welcome Iran’s decision permitting Turkish trucks...
Monday, 11 August 2014
IMF says Rouhani has stabilized Iran’s economy
The International Monetary Fund said President Hassan Rouhani’s policies of reducing energy subsidies along with the easing of international san...
Sunday, 10 August 2014
Iran sets target of $400m in handmade carpet exports
TEHRAN – Iran has set a target of $400 million in handmade carpet exports for the current Iranian calendar year, which began on March 21, accord...
Sunday, 10 August 2014
Iran’s inflation rate projected to fall below 15%
TEHRAN – The inflation rate in Iran is projected to fall below 15 percent by the end of the next Iranian calendar year, Central Bank of Iran (CB...
Sunday, 10 August 2014
‘South Korean firms keen to invest in Iran’
TEHRAN - Given the role of Iran in the region, South Korean firms are keen to invest in the Iranian market. South Korean President, Park Geun-hye said...
Sunday, 10 August 2014
Swedish investors seeking to return to Iran
TEHRAN - Swedish investors are keen to return to Iran now that the U.S. and the EU sanctions on the Iranian economy are easing, Iran-Sweden Joint Cham...
Sunday, 10 August 2014
India extends export benefits to rupee trade with Iran
Exports to Iran in Indian rupee will also be entitled for trade benefits as available to exporters realizing proceeds in freely convertible currencie...
Sunday, 10 August 2014
Suezmax tanker with European insurance cover calls at Iranian port
A Suezmax tanker with Western insurance cover visited two Iranian oil ports recently to load condensate cargo in a bid to take advantage of the easing...
Saturday, 09 August 2014
Iran’s non-oil trade tops $33.7b in 4 months
TEHRAN – Iran’s total non-oil trade surpassed $33.7 billion in the first four months of the current Iranian calendar year, which began on ...
Saturday, 09 August 2014
Majlis to discuss anti-recession bill
TEHRAN – Majlis will discuss a bill proposed by the administration aimed to bring the national economy out of recession. Mohammad-Ali Najafi, ...
Saturday, 09 August 2014
Iran’s July crude oil output hits 2.76mbpd: OPEC
TEHRAN - Iran produced 2.762 million barrels per day (bpd) of oil in July, the Organization of Petroleum Exporting Countries (OPEC) said in its latest...
Saturday, 09 August 2014
Iran, Turkey discuss scientific-technological ties
TEHRAN - Iranian Industries, Mines, and Trade Minister Mohammad-Reza Ne’matzadeh met with Turkish Science, Industry, and Technology Minister Fik...
Saturday, 09 August 2014
Iran exports fruits to 80 countries
TEHRAN - Iran exported more than 900,000 tons of fruit, worth over $614 million, to 80 countries in spring 2014, the ISNA news agency reported on Frid...
Saturday, 09 August 2014
Iran halts marine fuel exports: source
Exports of Iranian marine fuel oil have unexpectedly been halted for two weeks and will not resume for at least a month, a source at the National Iran...
Saturday, 09 August 2014
India takes in 46% more Iran oil in Jan.-July
India took about 46 percent more oil from Iran in January-July compared with a year ago as its refiners continued to lift higher volumes while world p...
Friday, 08 August 2014
Iran seals new deal to buy wheat, seeking more
Iran has bought 50,000 tons of Black Sea wheat, trade sources said, as the Islamic Republic tries to bolster stocks from global markets due to a lower...
Friday, 08 August 2014
Iran to consider possibility of transporting gas through TANAP
Iran is ready to consider the possibility of transporting its gas to Europe via the Trans-Anatolian pipeline (TANAP). Iranian Minister of Communica...
Friday, 08 August 2014
Over 200 foreign firms to attend Iran ConFair 2014
TEHRAN – More than 200 foreign companies will attend the 14th Tehran International Construction Fair (ConFair 2014) which will open on August 1...
Wednesday, 06 August 2014
Liquidity in Iran up 30.5% y/y: CBI
TEHRAN - Liquidity in Iran rose 30.5 percent in the 12-month period that ended on the last day of the Iranian calendar month of Khordad (June 21), co...
Wednesday, 06 August 2014
Iran, Russia sign 5-year MOU to boost economic cooperation
Iranians Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak signed a five-year memorandum of understanding in Moscow on T...
Wednesday, 06 August 2014
Iran’s first GTL plant to come on stream in 2018
TEHRAN - The first GTL (gas to liquids) plant in Iran will come on stream in the Persian Gulf island of Qeshm in 2018, the IRNA news agency reported ...
Wednesday, 06 August 2014
Azerbaijan, Iran mull cooperation in economic sphere
Baku and Tehran have discussed cooperation in the political, economic, cultural and other fields. The discussions were held during a meeting between...
Tuesday, 05 August 2014
Pakistan to lay down gas pipeline from Gwadar to Nawabshah
Pakistan is in the process of working on the ways to revive the Iran-Pakistan (IP) gas pipeline project, which will lead to import of natural gas from...
Tuesday, 05 August 2014
Iraq, Afghanistan could get Iranian fuel
TEHRAN (UPI) -- Iran is in a good position to provide fuel oil and diesel to its immediate neighbors and will reap the benefits in return, an executi...
Tuesday, 05 August 2014
Indian plant may import iron ore from Iran
If everything goes as per plan, the KIOCL Limited Mangalore plant will be importing iron ore from Iran soon. KIOCL Limited chairman-cum-managing di...
Tuesday, 05 August 2014
German business looks to renew Iran contacts
German businesses are cooling on Russian investments amid anger over Russia’s role in the Ukrainian conflict while simultaneously warming on ano...
Monday, 04 August 2014
Farming reforms offer hope for Iran’s water crisis
DUBAI (Reuters) - As a child, Mohammad Rahmanpour spent his summers swimming in Lake Orumieh in northwestern Iran - then the largest in the Middle Eas...
Monday, 04 August 2014
Turkey sets target of $35b in trade with Iran for 2015: economy minister
TEHRAN – Turkey wants to raise its trade with Iran to $35 billion in 2015, Turkish Economy Minister Nihat Zeybekci said on Saturday. The two c...
Sunday, 03 August 2014
Iran’s car production increases 75% in 4 months
TEHRAN – Car manufacturing in Iran rose 75 percent in the first four months of the current Iranian calendar year, which began on March 21, compa...
Sunday, 03 August 2014
Caspian water transfer project enters environmental protection phase
TEHRAN – Iranian Energy Minister Hamid Chitchian says environmental protection studies are being carried out about the transfer of water from th...
Sunday, 03 August 2014
Iran to build biggest gas complex in ME: NIORDC
Iran is planning to build the largest gas complex in the Middle East, says an official with the National Iranian Oil Refining & Distribution Comp...
Sunday, 03 August 2014
An overview of Iran’s new economic policy package
On July 26, the administration of President Hassan Rouhani released its new economic policy package for the country to emerge from stagflation. The ...
Saturday, 02 August 2014
Iran plans liquid fuel delivery to Iraq, Afghanistan
Iran plans to provide fuel oil and diesel fuel to Afghanistan and Iraq in the near future when more phases of the South Pars gas field come on-stream,...
Saturday, 02 August 2014
Tourism key to job creation, economic growth: fin min
TEHRAN – Iranian Finance and Economic Affairs Minister Ali Tayyebnia says the administration of President Hassan Rouhani believes that the promo...
Friday, 01 August 2014
Iran’s inflation rate falls 2.4% in a month
TEHRAN – The Statistical Center of Iran has announced that the inflation rate for the 12-month period that ended on the last day of the Iranian ...
Friday, 01 August 2014
Nuclear deal prevents 20% drop in Iran’s crude exports: NIOC
The agreement to extend the interim nuclear agreement with the West will prevent Iran’s oil exports falling by as much as 20 percent, a senior I...
Friday, 01 August 2014
Asian buyers take 25% more Iran oil in H1
TOKYO (Reuters) - Iran’s biggest clients took in a quarter more oil in the first six months of 2014 than in the same period of last year, with ...
Friday, 01 August 2014
India’s Essar boosts Iran oil imports by 46.5% in H1
India’s Essar Oil imported 46.5 percent more Iranian oil in the first half of this year, although shipments from Tehran fell about 62.4 percent...
Friday, 01 August 2014
Iran-Oman trade below expectations: Omani minister
Iran and Oman enjoy very friendly relations but still the commercial trade between the two countries is below the expectations, says Omani Minister o...
Friday, 01 August 2014
Companies from five countries negotiating to invest in Iran’s FTZs
TEHRAN – Companies from Austria, China, Germany, Italy, and Japan have been negotiating with Iran in recent months to invest in the country&rsqu...
Sunday, 27 July 2014
South Pars monthly exports up 49% yr/yr: official
TEHRAN – The value of exports from Iran’s South Pars gas field rose 49 percent in the fourth Iranian calendar month of Tir (June 22-July 2...
Sunday, 27 July 2014
New gas refining units to come on stream in South Pars: oil minister
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says 10 new gas refining units will come on stream in the near future in the South Pars gas ...
Saturday, 26 July 2014
Free trade zones should lure foreign investment: VP
TEHRAN – The free trade zones, which enjoy advantages such as tax exemptions and less trade barriers, are expected to be hubs for attracting for...
Saturday, 26 July 2014
Iran self-sufficient in diesel fuel: Minister
Iran's Oil Minister says the country has become self-sufficient in the production of diesel fuel. “At present, we are self-sufficient in t...
Saturday, 26 July 2014
Iran’s natural gas production to rise in coming years: EIA
The U.S. Energy Information Administration (EIA) has predicted an increase in Iran's natural gas production in coming years. EIA in its annual ...
Saturday, 26 July 2014
Iran, Iceland keen to expand economic relations
Officials from Iran and Iceland have underscored the need for promotion of bilateral economic relations between the two countries. At a Friday meet...
Saturday, 26 July 2014
Iranian goods dominate Iraqi market since occupation of Mosul
An official of the Iraqi Ministry of Planning has said that Iran has become Iraq’s most important trading partner since the security crisis in ...
Saturday, 26 July 2014
Iran in high human development category: UNDP
TEHRAN – The United Nations Development Program has placed Iran in the high human development category, ranking the country in 75th place among ...
Friday, 25 July 2014
Iran, Italy discuss ways to expand banking, industrial ties
TEHRAN – Iran and Italy have discussed ways to expand economic ties, especially in the banking and industrial sectors. The director general fo...
Friday, 25 July 2014
Iran’s tax revenues up 48% in 4 months
TEHRAN – Iran’s total tax income amounted to 187 trillion rials (about $6 billion) in the first four months of the current Iranian calenda...
Friday, 25 July 2014
India pays final tranche of $550m of oil dues to Iran
India paid a third and final installment of $550 million to Iran on Thursday, as part of the frozen funds released to Tehran in the interim deal with...
Friday, 25 July 2014
Iran to unveil new oil contracts in November: official
Tehran (Platts) -- Iran plans to unveil its new upstream oil contract model in early November but is keeping a close eye on the ongoing nuclear negoti...
Wednesday, 23 July 2014
India’s Jan-June Iran oil imports climb by a third: sources
India’s crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted ...
Wednesday, 23 July 2014
Pakistan offers new proposals on construction of IP gas pipeline
The Pakistani government has presented a new proposal to the Iranian Oil Ministry for the settlement of a dispute over the implementation of Iran-Paki...
Wednesday, 23 July 2014
South Korea’s Iran crude oil imports in June up 7.4% y/y
SEOUL (Reuters) - Data on South Korea’s crude oil imports from Iran rose 7.4 percent in June from a year earlier, while the country’s tota...
Tuesday, 22 July 2014
Iran-EU trade hits €2.8b in 2014: Eurostat
TEHRAN – Trade between Iran and the European Union amounted to €2.8 billion in the first five months of 2014, a 5 percent increase compared...
Monday, 21 July 2014
Iran welcomes foreign investment in South Azadegan oilfield
TEHRAN - Iran welcomes foreign investment in the development of its South Azadegan oilfield, the managing director of the Petroleum Engineering and De...
Monday, 21 July 2014
Iran restricts employment of foreign nationals
TEHRAN – Iranian First Vice President Es’haq Jahangiri issued a communiqué on Monday, according to which all government and non-gov...
Monday, 21 July 2014
Iran, Russia seek to expand industrial ties
Iran and Russia have called for the further enhancement of mutual cooperation in the field of industry. Iranian Ambassador to Moscow Mehdi Sanaei m...
Monday, 21 July 2014
China’s June crude imports from Iran up 38% y/y
China’s crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four...
Monday, 21 July 2014
Iran seen keeping oil sales steady as nuclear talks extended
Iran’s oil exports will remain near the highest level in two years as talks with six global powers over the Persian Gulf state’s nuclear ...
Monday, 21 July 2014
Iranian govt. aiming for single-digit inflation: fin min
TEHRAN – The Iranian government will implement anti-recession programs until a single-digit inflation rate is achieved, Finance and Economic Aff...
Sunday, 20 July 2014
Iran denies selling oil to Sri Lanka, South Africa
TEHRAN – The National Iranian Oil Company on Sunday rejected claims that it sold crude oil to Sri Lanka and South Africa, the IRNA news agency r...
Sunday, 20 July 2014
Pakistan working to remove obstacles in Iran barter trade
Pakistan is vigorously working to clear the obstacles in barter trade with Iran, as Islamabad is all set to clear the power outstanding dues as well ...
Sunday, 20 July 2014
German businesses should seize lucrative opportunities in Iran: NUMOV CEO
German companies will have to act fast and seize the lucrative opportunities offered by the Iranian market, says Helene Rang CEO of the German Near an...
Saturday, 19 July 2014
Iran to establish higher council to develop non-oil exports
TEHRAN – The Iranian cabinet has approved a proposal made by the Ministry of Industry, Mining, and Trade to establish a higher council tasked wi...
Saturday, 19 July 2014
Iran oil minister criticizes monopoly in car industry
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has criticized the domestic car industry’s monopoly, blaming it for non-development of...
Saturday, 19 July 2014
Iran aims to return to shipping market
Iran wants to return to the non-oil shipbuilding market with a $300 million potential order of 10 bulk carriers from Singapore-listed shipbuilder Yan...
Saturday, 19 July 2014
Iran rejects Pakistan’s demand to defer penalty
Iran has turned down Pakistan’s request to invoke the force majeure clause for not completing the Pakistan section of the Iran-Pakistan (IP) ga...
Saturday, 19 July 2014
Iran’s 3-month carpet exports rise 23%
TEHRAN - Iran exported 1000 tons of hand-made carpets in spring 2014, a 23 percent growth in weight compared to spring 2013, the acting director of Ir...
Wednesday, 16 July 2014
Stabilizing prices not an option to control inflation: minister
TEHRAN - The administration will not pursue the policy of curbing the inflation through stabilizing prices, Iranian finance and economic affairs minis...
Wednesday, 16 July 2014
India plans to revive IPI pipeline after sanctions is eased
NEW DELHI (Indiatimes)-- The India oil ministry has chalked out a strategy to gradually reduce energy sourcing from politically volatile countries in...
Wednesday, 16 July 2014
Pakistan cannot import cheap urea from Iran
Pakistan National Assembly''s Standing Committee on Commerce was informed that Pakistan cannot import cheap urea from Iran because of restric...
Wednesday, 16 July 2014
Iran says it will work closely with Gazprom
TEHRAN (UPI) --The Iranian government said a joint working group may be set up with Russian natural gas company Gazprom in an effort to broaden bilat...
Wednesday, 16 July 2014
Iran sanctions cost U.S. over $175b in lost trade: study
Sanctions on Iran have carried a significant cost to the U.S. economy, according to a new report published by the National Iranian American Council. ...
Tuesday, 15 July 2014
Iran’s technical-engineering exports up 40% in 3 months
TEHRAN - Iran exported over $490 million worth of technical and engineering services in spring 2014, a 40 percent rise compared to spring 2013, an of...
Tuesday, 15 July 2014
Iran’s 3-month car imports rises 155%
TEHRAN – Iran imported over 23,000 cars, worth about $484 million, in spring 2014, which corresponds to the first quarter of the Iranian calend...
Tuesday, 15 July 2014
Shipping lines to call at Iran’s Shahid Rajaee Port as sanctions eased
TEHRAN – International container services will resume on July 20 at Iran’s Shahid Rajaee Port, as EU sanctions against the port operator,...
Tuesday, 15 July 2014
Rouhani administration unveils economic stimulus package
TEHRAN – The administration of President Hassan Rouhani has unveiled a package of plans which can bring about a notable growth in the national e...
Monday, 14 July 2014
Iran divests state shares worth over $877m in 3.5 months
TEHRAN - Iran has transferred 27.2 trillion rials (about $877.1 million) worth of shares of state-run companies to the private sector from the beginni...
Monday, 14 July 2014
Iran plans to shoot up trade with UAE
TEHRAN – Iran has prepared a comprehensive plan to increase its trade with the United Arab Emirates significantly, the deputy director of the Tr...
Monday, 14 July 2014
Iran, Russia in talks on oil barter: Iran official
Iran and Russia are in talks to finalize an oil barter agreement irrespective of the outcome of Tehran’s nuclear talks with six world powers, a...
Monday, 14 July 2014
Iran’s 3-month cement, clinker exports exceed 5m tons
TEHRAN - Iran exported over 5.07 million tons of cement and clinker in spring 2014, which corresponds to the first quarter of the current Iranian cale...
Sunday, 13 July 2014
EU lifts sanctions on 14 Iranian entities in a year
TEHRAN - The European Union has annulled sanctions against 14 Iranian entities since President Hassan Rouhani took office in August 2013, the IRNA new...
Sunday, 13 July 2014
Judge to question U.S. deal over Fokker sales to Iran
Whether a unit of Fokker Technologies Holding B.V wins approval for its settlement with the U.S. over illegal sales to Iran now depends on a federal ...
Sunday, 13 July 2014
Iran’s June crude oil price up $2.05: OPEC
TEHRAN – Iran sold crude oil at $107.45 per barrel in June, a $2.05 rise compared to May, the Organization of Petroleum Exporting Countries (OPE...
Saturday, 12 July 2014
Khazaii appointed new head of OIETAI
TEHRAN – Mohammad Khazaii, the former Iranian ambassador to the United Nations, has been appointed as the new head of the Organization for Inves...
Saturday, 12 July 2014
EU court annuals sanctions against Iranian insurance company
TEHRAN – The European Court of Justice has annulled sanctions imposed by the European Union against Iran’s Moallem Insurance Company, the...
Saturday, 12 July 2014
Dutch helicopter operator ready to provide Iran with services
TEHRAN – The Dutch helicopter operator Heli Holland has announced readiness to provide Iran with specialized training and maintenance services, ...
Saturday, 12 July 2014
Iran won’t be oil-dependent economy even if all sanctions are lifted: economy minister
TEHRAN – Finance and Economic Affairs Minister Ali Tayyebnia says Iran will no longer promote an oil-based economy even if the economic sanctio...
Saturday, 12 July 2014
Iran’s subsidy reform a successful example of income distribution: IMF
The International Monetary Fund has referred to Iran’s Targeted Subsidy Reform as an example of successful cash transfer and income distribution...
Friday, 11 July 2014
Tehran, Moscow agree on Russian investments in Iran’s gas sector
Iran and Russia have agreed to launch joint projects on development of Iran's gas infrastructure. The National Iranian Gas Company has signed an a...
Friday, 11 July 2014
South Korea plans to launch production plants in Iran
South Korea plans to launch production plants in Iran to manufacture various products, including cars and home appliances, South Korean Ambassador to...
Friday, 11 July 2014
Armenia, Iran to start cooperating in tourism area
YEREVAN (ARKA)-- Armenia’s government approved a memorandum on mutual understanding with Iran in tourism development. Garegin Melkonyan, the...
Friday, 11 July 2014
Iran considers new island-based offshore hub
National Iranian Oil Co. (NIOC) plans to develop oil and gas fields offshore Qeshm Island in southern Iran, with a view to create an energy hub on th...
Friday, 11 July 2014
Iran’s NDF allocates $7b to upstream oil projects
TEHRAN – Iran’s National Development Fund (NDF) has allocated $7 billion to the implementation of upstream oil projects, NDF Managing Dire...
Wednesday, 09 July 2014
Energy Ministry to issue development bonds worth $1.6b
TEHRAN – The Ministry of Energy of Iran will issue bonds, worth 50 trillion rials (about $1.6 billion) to raise financing for funding developmen...
Wednesday, 09 July 2014
Chinese companies to invest $2b in Iranian railway project: minister
TEHRAN – Two Chinese companies will invest a total of $2 billion in the implementation of the Tehran-Mashhad railway signaling project in Iran,...
Wednesday, 09 July 2014
Iran to create 3rd petrochemical hub in Chabahar
TEHRAN – Iran plans to turn Chabahar Port, located in the southeastern province of Sistan-Baluchestan on the coast of the Gulf of Oman, to the ...
Tuesday, 08 July 2014