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Tanker market sees limited impact from snapback mechanism
TEHRAN – The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under U.S. pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List.
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NIDC digs, completes drilling of 67 oil, gas wells in H1
TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 67 oil and gas wells in the country's onshore and offshore oil-rich regions during the first half of the current Iranian calendar year (March 21-September 22), Hamidreza Shafiei Makvandi, the deputy managing director of the company for operation, announced.
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RAI to expand capacity by prioritizing fast-track projects
TEHRAN – The Islamic Republic of Iran Railways (RAI) is going to focus on short-term, high-yield projects to expand network capacity, the head of company said.
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Iran’s Vice President Emphasizes Co-op with South Korea in Government Smartization
TEHRAN - Iran’s Vice President and Head of the country’s Administrative and Employment Organization, in a meeting with the South Korean Ambassador to Tehran Kim Junpyo, emphasized the 14th administration's determination to develop administrative and technological cooperation with South Korea, naming government smartization and the use of artificial intelligence as key areas of this cooperation.
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RAI to expand capacity by prioritizing fast-track projects
TEHRAN – The Islamic Republic of Iran Railways (RAI) is going to focus on short-term, high-yield projects to expand network capacity, the head of company said.
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Iran sets target to restore 20m hectares of rangeland
TEHRAN – Iran has set a target of restoring 20 million hectares of rangeland under the country’s Seventh National Development Plan, a senior official at the Natural Resources and Watershed Management Organization said.
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Tanker market sees limited impact from snapback mechanism
TEHRAN – The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under U.S. pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List.
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ICCIMA head stresses mining as pillar of economic resilience
TEHRAN – Samad Hassanzadeh, head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said investment in mining and mineral industries is a cornerstone of strengthening economic resilience, adding that more than 75 percent of the country’s mineral production is carried out by the private sector.
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NIDC digs, completes drilling of 67 oil, gas wells in H1
TEHRAN - National Iranian Drilling Company (NIDC) dug and completed the digging operations of 67 oil and gas wells in the country's onshore and offshore oil-rich regions during the first half of the current Iranian calendar year (March 21-September 22), Hamidreza Shafiei Makvandi, the deputy managing director of the company for operation, announced.
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Fruits have highest inflation rate among commodity groups in sixth month
TEHRAN- According to a report by the Statistical Center of Iran (SCI), the country's point-to-point inflation rate reached 45.3 percent in the sixth month of the current Iranian calendar year, Shahrivar (August 23-Septemebr 22), which shows a 2.9 percentage point increase compared to last month. This means that Iranian households, on average, spent 45.3 percent more than in Shahrivar of last year to purchase an identical basket of goods and services.
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Iran’s annual export to Russia anticipated to hits $1.4b by next March
TEHRAN- Given the current trend and trade plans, Iran's exports to Russia are expected to reach about $1.4 billion by the end of the current Iranian calendar year (march 20, 2026), compared to about $1.1 billion at the end of the previous year, an official with Iran’s Trade Promotion Organization (TPO) said.
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Iran reports $54b in trade in first half of 2025
TEHRAN – Iran’s foreign trade reached $54.3 billion in the first six months of the Iranian year 1404 (March–September 2025), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
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INTA head stresses tax cooperation at BRICS meeting
TEHRAN – Iran’s top tax official highlighted the expansion of cooperation and exchange of experience with BRICS members, while underscoring the role of women and youth in shaping modern tax systems.
