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  • Iran-Serbia 2018-06-22 19:39

    Iran, Serbia ink trade, aviation & agro co-op MOUs

    TEHRAN- During the 15th meeting of Iran-Serbia Joint Economic Committee in Belgrade on Thursday, the two countries signed three memorandums of understanding (MOUs) on trade, aviation, and agricultural cooperation, Shata news agency reported.

  • OPEC 2018-06-22 19:39

    Zanganeh: OPEC decision based on 2016 output reduction agreement

    OPEC output gain ‘nominal’

    OPEC agreed on Friday to raise oil production by around 1 million barrels per day (bpd) from July for the group and its allies, an OPEC source said.

  • Gasoline 2018-06-20 18:12

    Daily gasoline output up 18m liters in 3-month on year

    TEHRAN- Daily production of gasoline in Iran has increased by 18 million liters during the three-month period started from the beginning of current Iranian calendar year (March 21) compared to the same period of time in the past year, according to the managing director of National Iranian Oil Products Distribution Company (NIOPDC).

  • CBI 2018-06-20 18:12

    Bank loans to economic sector rise 21% in 2 months yr/yr

    TEHRAN- Iranian banking system’s offered facilities to domestic economic sectors during the two-month period from March 21 to May 21 increased by 21 percent, in comparison with the same period of time in the year before, the Central Bank of Iran (CBI) announced.

  • karbasian 2018-06-20 18:12

    Iranian fin. min. in Vienna for OFID meeting

    TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Austria’s capital on Wednesday morning to attend the two-day ministerial Council meeting of OPEC Fund for International Development (OFID) on Wednesday and Thursday, Shada news agency reported.

  • Iran-Syria 2018-06-20 18:11

    Tehran-Damascus seriously determined to strengthen banking, customs co-op

    TEHRAN- In a meeting in Tehran on Tuesday, Iranian Finance and Economic Affairs Minister Masoud Karbasian and Syrian Economy and Foreign Trade Minister Mohammad Samer al-Khalil expressed their countries’ strong will for the expansion of bilateral economic and trade ties specially in banking and customs sectors.

  • zanganeh 2018-06-20 18:11

    OPEC not an organization to receive instruction from Trump: Zanganeh

    TEHRAN- “OPEC is not the organization to receive instruction from President Trump”, Iranian Oil Minister Bijan Namdar Zanganeh stated. “OPEC is not part of the Department of Energy of the United States,” the Iranian minister told reporters on Tuesday after arriving in Vienna, where OPEC is headquartered, Reuters reported.

  • TSE 2018-06-20 10:06

    Europeans most foreign shareholders of Iranian capital market

    TEHRAN- Major part of foreign shareholders at Iranian capital market come from Europe, Managing Director of Central Securities Depository of Iran announced in a press conference on Tuesday.

  • 28th Annual Conference on Monetary and Foreign Exchange Policies of Iran 2018-06-20 10:06

    Annual monetary, forex policies confab inaugurated

    TEHRAN- The 28th Annual Conference on Monetary and Foreign Exchange Policies of Iran, titled Infrastructural Amendments to Reach Monetary Stability, was inaugurated on Tuesday at IRIB International Conference Center in Tehran, IRIB reported.

  • Electricity 2018-06-20 09:50

    800MW capacity of new power plants to come online in 2 weeks

    TEHRAN – Some 800 megawatts (MW) capacity of new power plants is scheduled to be added to Iran’s electricity network within the next two weeks, Thermal Power Plants Holding Company (TPPH) Managing Director Mohsen Tarztalab told IRIB on Tuesday.

  • Innovative Systems in Energy-Water-Environment Nexus 2018-06-19 18:22

    Tehran hosting Iran’s 12th International Energy Conference

    TEHRAN - As Iran’s greatest annual energy event, the 12th International Energy Conference (IEC) kicked off on Tuesday in Tehran, IRIB reported.

  • Iran Rail Expo 2018 2018-06-19 18:22

    Over 90 foreign companies participating in Iran Rail Expo 2018

    TEHRAN – Over 90 foreign companies are attending the 6th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran (Iran Rail Expo 2018) which kicked off on Tuesday at the Tehran Permanent International Fairgrounds.

  • diesel engine production line 2018-06-19 18:22

    Iran inaugurates national diesel engine production line

    TEHRAN- Production line of domestically-manufactured 1,300-horsepower diesel engine was launched on the sidelines of the 6th International Exhibition of Rail Transportation, Related Industries & Equipment of Iran (Iran Rail Expo 2018) in Tehran on Tuesday.

  • Crude steel production 2018-06-19 11:09

    Crude steel production projects underway with 40% progress

    TEHRAN- Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqini announced that several crude steel production projects have been specified in the country over the past five years that have 40-percent progress at the moment.

  • cars import 2018-06-19 11:07

    Over 3,000 cars imported in 2 months

    TEHRAN- Iran imported 3,011 cars during the two-month period from March 21 to May 21, ISNA reported on Monday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).

  • development projects 2018-06-18 18:06

    NDF pays $5b of facilities to 158 development projects in a year

    TEHRAN- During the previous Iranian calendar year (ended on March 20, 2018), Iran’s National Development Fund (NDF) paid $5 billion of facilities to 158 domestic development projects, IRNA reported on Monday.

  • OPEC 2018-06-18 18:06

    By Ebrahim Fallahi

    OPEC’s big test: A choice between right and wrong

    As the Organization of Petroleum Exporting Countries (OPEC) prepares to meet later this week in Vienna, tension is rising among some of the cartel’s biggest members on what is said to be one of OPEC’s biggest decisions since its establishment.

  • Iran’s oil exports 2018-06-18 18:05

    U.S.-China trade war could benefit Iran’s oil exports: expert

    TEHRAN - The dispute between the United States and China could lead to a cut in Chinese purchases of U.S. oil which could consequently benefit Iran’s sales, Reuters reported quoting John Driscoll, director of consultancy JTD Energy Services.

  • Zanganeh 2018-06-18 18:05

    Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq

    TEHRAN - Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna.

  • Privatization 2018-06-18 10:28

    State-run companies to be privatized in order

    TEHRAN- Not being capable of offering all the available state-run companies to private sector by the end of the present Iranian calendar year (March 20, 2019), Iran will do the job and pricing procedures incrementally and regarding the market’s priorities, an official from Iran’s Privatization Organization (IPO) told IRNA on Sunday.

  • Farshad Momeni 2018-06-18 10:27

    Govt. should revise imports policies: expert

    TEHRAN – Iranian Economist and Scholar Farshad Momeni believes that Iran’s imports policies should be revised in a way that the country’s foreign revenues won’t be spent on unnecessary and luxury goods.

  •  oil projects 2018-06-18 10:27

    IRENEX to attract over $7b for oil projects

    TEHRAN – Iran Energy Exchange (IRENEX) is going to attract 300 trillion rials (about $7.1 billion) of funding for the country’s oil projects, IRNA reported on Sunday.

  • SCO 2018-06-18 10:27

    By Haniyeh Sadat Jafariyeh

    Iran at SCO: Role, achievements, and goals

    Nearly a month after the U.S. withdrawal from the Joint Comprehensive Plan of Action (JCPOA), leaders from the Shanghai Cooperation Organization (SCO) met in Qingdao, China, to set the roadmap for the future.

  • IRIR 2018-06-18 10:26

    IRIR receives its first domestically-made rail cargo

    TEHRAN – Iranian Esfahan Steel Company (ESCO) has prepared and delivered the first cargo of Islamic Republic of Iran Railway (IRIR)’s rail orders (known as national rail) to IRIR on the occasion of Eid-al-Fitr.

  • index 2018-06-17 22:03

    By Mahnaz Abdi

    TSE index hit a 50-year record high of 102,000 points

    TEHRAN - Players in Iran’s capital market witnessed a historical record in growth of Tehran Stock Exchange (TSE)’s main index (TEDPIX) which gained 3,306 points to hit 102,452 points on Sunday, something unprecedented in the 50-year history of the country’s stock market.

  • NIGC 2018-06-17 10:43

    NIGC attracts $2b of investment under BOT contracts

    TEHRAN – Managing director of the National Iranian Gas Company (NIGC) said two billion dollars of investment has been attracted into the country’s gas industry using Build-Operate-Transfer (BOT) contracts.

  • PMO 2018-06-17 10:42

    Iran ready to set up IMO technical co-op offices in region

    TEHRAN- Iran is ready to establish technical cooperation offices of the International Maritime Organization (IMO) in the region, the country’s Port and Maritime Organization (PMO) Head Mohammad Rastad announced.

  • Freeway 2018-06-17 06:36

    Construction of Iran’s longest freeway to be completed in 2 years

    TEHRAN - The construction of Iran’s longest freeway is planned to be completed within the next two years, according to the deputy director for construction and development in Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC).

  • Christophe Eck, a senior partner at GIDE 2018-06-17 06:34

    French law firm to stay in Iran whatever fate of JCPOA

    TEHRAN - Christophe Eck, a senior partner at GIDE, says that the French law firm will remain active in Iran regardless of Trump’s decision to withdraw from the Iran nuclear deal.

  • road transport fleet 2018-06-16 19:42

    Over $10.6b allocated for renewing road transport fleet

    TEHRAN – Iran allocated a maximum of $10.66 billion funding for renewing the country’s road transport fleet, IRNA reported referring to the data announced by the country’s Budget and Planning Organization.