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2023-06-14 14:27
Iran, Qatar chief bankers discuss expansion of monetary ties
TEHRAN - The governors of the central banks of Iran and Qatar have emphasized the necessity of increasing monetary, banking, and financial cooperation between the two countries, the portal of the Central Bank of Iran (CBI) reported.
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2023-06-14 12:10
Iranian crude oil output rises 61,000 bpd in May: OPEC
TEHRAN- Iran’s crude oil production increased 61,000 barrels per day (bpd) in May compared to the previous month to reach 2.679 million bpd, according to OPEC’s latest monthly report published.
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2023-06-14 11:39
Bank loans to economic sectors up 26% in 2 months
TEHRAN- Iranian banking system has paid 5.151 quadrillion rials (about $10.85 billion) of facilities in the first two months of the current Iranian calendar year (March 21-May 19), registering a 26.2-percent rise from the figure in the same period of the previous year, the Central Bank of Iran (CBI) announced.
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2023-06-13 16:17
Iran-Venezuela trade can reach $20b
TEHRAN- Iranian President Ebrahim Raisi said that the value of trade between Iran and Venezuela can be increased to $10 billion in the first step and to $20 billion in the second step.
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2023-06-13 14:12
‘Iran’s blocked assets in South Korea, other countries to be released soon’
TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the country’s frozen foreign currency assets in South Korea and some other countries will be released within the next few weeks, Tasnim News Agency reported.
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2023-06-13 14:10
Germany resumes oil imports from Iran despite U.S. sanctions
TEHRAN - Germany has imported a significant shipment of crude oil or petroleum products from Iran for the first time in five years, according to the latest data by Eurostat, the statistical office of the European Union.
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2023-06-12 14:06
Oji accompanies President Raisi on Latin America tour
TEHRAN – Iranian Oil Minister Javad Oji has accompanied President Ebrahim Raisi on his tour of the Islamic Republic’s Latin American allies with the aim of expanding energy ties with the mentioned countries, Shana reported.
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2023-06-12 14:05
Iran ranked world’s 2nd largest sponge iron producer in 2022: WSA
TEHRAN – The World Steel Association (WSA), in its latest annual report, has ranked Iran second among the world’s top sponge iron-producing countries in 2022, IRNA reported.
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2023-06-12 13:15
ICCIMA hosts conference on Iran-Turkey business opportunities
TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in collaboration with the Iran-Turkey Joint Chamber of Commerce, hosted a conference on trade opportunities of Iran and Turkey on Sunday, the ICCIMA portal reported.
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2023-06-11 14:00
Commodities worth over $487m traded at IME in a week
TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,021,946 tons of commodities with a total trading value of more than $487 million on its physical market.
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2023-06-11 13:17
Iran, India agree on forming joint agricultural co-op committee
TEHRAN - Agricultural officials of Iran and India have agreed to form a joint committee for agricultural cooperation between the two countries within the next three months, Mehr News Agency reported on Saturday.
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2023-06-10 16:45
By Mahnaz Abdi
‘Iran’s free trade, special economic zones, safe haven for investment’
TEHRAN- The establishment of free trade zones (FTZs) in Iran dates back to the Iranian calendar year 1368 (March 1989 - March 1990) following the fall in the country’s oil income in the preceding year which prompted the government to promote non-oil exports.
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2023-06-10 13:23
Oil projects worth $14.5b to go operational across Iran by March 2024: Oji
TEHRAN – Iranian Oil Minister Javad Oji has said 64 new and semi-completed oil industry projects with a total investment of $14.5 billion are going to be completed and go operational throughout the country by the end of the current Iranian calendar year (March 19, 2024).
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2023-06-10 12:55
WB sees a 2.2% growth for Iran’s economy in 2023
TEHRAN - The World Bank (WB) in its latest report dubbed “Global Economic Prospects” has estimated a 2.2 percent growth for Iran's economy in 2023, a figure which is higher than the average growth forecast for the global economy and despite the fact that the country is still under sanctions imposed by the United States.
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2023-06-09 14:06
Industrial parks in deprived areas prioritized for fund allocation
TEHRAN- The head of Iran Small Industries and Industrial Parks Organization (ISIPO) said that the industrial parks in deprived areas are prioritized for fund allocation.
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2023-06-09 14:00
Raisi inaugurates industrial, infrastructure projects in northwestern Iran
TEHRAN - Iranian President Ebrahim Raisi has inaugurated numerous industrial, energy, and infrastructure projects during a two-day visit to the northwestern East Azarbaijan province, IRNA reported.
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2023-06-09 13:53
Steel products export rises 56% in a month on year
TEHRAN- Iran’s export of steel products increased by 56 percent in the first month of the current Iranian calendar year (March 21-April 20), as compared to the same month of the past year.
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2023-06-09 13:51
Monthly non-oil export from Iran to Armenia up 144% yr/yr
TEHRAN- The value of Iran’s non-oil export to Armenia increased by 144 percent in the first month of the current Iranian calendar year (March 21-April 20), as compared to the first month of the past year, the spokesman of Trade Development Committee of the Iranian House of Industry, Mining, and Trade announced.
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2023-06-07 16:21
Iran preparing 5-year comprehensive plan to expand transit ties with trade partners
TEHRAN – Iranian Transport and Urban Development Ministry is preparing a five-year comprehensive plan for increasing transportation and transit relations with Central Asia, as well as the Persian Gulf and the Sea of Oman countries, Deputy Transport Minister Shahriyar Afandizadeh announced.
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2023-06-07 16:08
IRISL operating regular shipping line to export Iranian goods to Syria
TEHRAN – The Islamic Republic of Iran Shipping Lines (IRISL) has announced launching a container shipping line with Syria through which every month a ship will carry Iran’s non-oil goods to the Arab country, IRIB reported.
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2023-06-07 12:54
Investment packages introduced for Russia partaking in Iran's petchem sector
TEHRAN – Head of Iran’s National Petrochemical Company (NPC) said that many Russian companies are interested in investing in the downstream petrochemical industries in Iran, and different and attractive investment packages have been prepared and introduced in this field.
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2023-06-06 16:27
Market for Australian companies in Iran is wide open: SBI Markets
TEHRAN - Australia has had continuous bilateral relations with Iran since it opened an embassy in Tehran in 1968. Similarly, Iran opened its embassy in Australia in 1971. For much of the period following the 1968 opening of Australia's embassy in Tehran, Iran was Australia's largest trading partner in the Middle East and the ninth largest overall.
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2023-06-06 14:09
Tehran hosting FINEX 2023
TEHRAN – The 15th International Exhibition of Financial Industries (Exchange, Bank & Insurance) – Iran FINEX 2023- kicked off at Tehran Permanent International Fairground on Tuesday, IRIB reported.
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2023-06-06 13:42
Iran exports non-oil goods worth over $1.2b to Iraq in 2 months
TEHRAN- Iran exported non-oil commodities valued at $1.228 billion to Iraq during the first two months of the current Iranian calendar year (March 21-May 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2023-06-05 16:54
Over 50,000 tons of sponge iron exported in a month
TEHRAN- Iran exported over 50,000 tons of sponge iron in the first month of the current Iranian calendar year (March 21-April 20).
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2023-06-05 16:54
Iran-Turkmenistan business forum slated for mid-June
TEHRAN – Mashhad Chamber of Commerce, Industries, Mines and Agriculture, in northeastern Iran, is going to host an Iran-Turkmenistan business forum on June 17, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.
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2023-06-05 16:54
Iran moving toward turning into gas hub in West Asia: expert
TEHRAN - Iran is moving toward turning into a gas hub in West Asia by resuming imports from Turkmenistan, Shana quoted an energy market expert as saying on Saturday.
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2023-06-05 16:54
Iran adds 15 ships to its merchant fleet in Caspian Sea
TEHRAN - Iran has added 15 ships to its trade maritime fleet in the Caspian Sea amid growing trade ties with Russia and other countries located to the north of Iran.
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2023/05/31
By Ebrahim Fallahi
Iran, Turkmenistan to expand trade, energy ties
TEHRAN – During the visit of a senior Turkmen politico-economic delegation to Tehran, senior officials from the two countries met to explore avenues of mutual cooperation in a variety of areas.
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2023-05-31 13:20
Annual trade with ECO members reaches $20.5b
TEHRAN - Iran’s trade with the members of the Economic Cooperation Organization (ECO) reached $20.5 billion in the previous Iranian calendar year 1401 (ended on March 20), the head of the Islamic Republic of Iran Customs Administration (IRICA) said.