View All
  • NIOC 2018-03-10 20:20

    ‘Developing joint fields’ gets biggest chunk of NIOC’s investment resources

    TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian calendar year (which ends on March 20).

  • Forex market 2018-03-10 20:19

    By Haniyeh Sadat Jafariyeh

    Dollar in doldrums

    Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to be the biggest crackdown on foreign exchanges in six years.

  • Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) 2018-03-10 18:06

    Private sector to fund $556m for construction of freeways across Iran

    TEHRAN – Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) signed 25 trillion rials (about $556.3 million) worth of deals with the country’s private sector for joint construction of 439 kilometers of freeways across the country.

  • Agriculture 2018-03-10 18:05

    Over $4.5b of agricultural products exported in 10 months

    TEHRAN- Iran exported over 4.7 million tons of agricultural products worth $4.542 billion during the ten-month period ended on January 20, according to the deputy agriculture minister for planning and economic affairs.

  • IRICA 2018-03-10 18:04

    Iran’s imports form U.S. down 40% in 11 months

    TEHRAN- Iran’s imports of goods from the U.S. during the 11-month period ended on February 19 fell 40 percent compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

  • crude prices 2018-03-10 10:36

    Iran cuts April crude prices for Asia to lure back buyers

    TEHRAN - Iran has set April official selling price (OSP) of its Light crude oil for Asia 60 cents lower than the previous month, Reuters reported quoting an industry source with direct knowledge of the matter.

  • IMF 2018-03-10 10:35

    IMF anticipates 3.8% GDP growth for Iran in 2018

    TEHRAN- In a recent report, the International Monetary Fund (IMF) anticipated a real gross domestic product (GDP) growth of 3.8 percent for Iran in 2018.

  • South Pars platform 2018-03-09 13:43

    First platform of SP phases 22-24 loaded

    TEHRAN- Platform SPD-22, which is the first platform of the phases 22, 23, 24 of developing Iran’s South Pars gas field (in the Persian Gulf) was loaded at Sadra yard in the southwestern province of Bushehr on Thursday.

  • Pars Special Economic Energy Zone (PSEEZ) 2018-03-07 19:37

    Monthly exports from PSEEZ up 41% yr/yr

    TEHRAN- The value of exports from Pars Special Economic Energy Zone (PSEEZ) rose by 41 percent during the Iranian calendar month of Bahman (January 21-February 19) compared to the same month last year, Shana reported.

  • Iran-Russian Joint Economic Committee 2018-03-07 19:36

    Tehran, Moscow set to broaden economic co-op

    TEHRAN- The 14th meeting of Iran-Russian Joint Economic Committee wrapped up on Tuesday with signing a cooperation document by Iranian Finance and Economic Affairs Minister Masoud Karbasian and Russian Economic Development Minister Maxim Oreshkin in Moscow.

  • Puzhen-IDRO 2018-03-07 18:16

    China’s Puzhen to finance manufacturing subway wagons in Iran

    TEHRAN – Chinese rolling stock company, CRRC Nanjing Puzhen, signed a deal with Iran’s Industrial Development and Renovation Organization (IDRO) on Wednesday for financing the joint manufacturing of subway wagons in Iran.

  • Non-oil export 2018-03-06 18:55

    Non-oil exports rise 5%, hit $42b

    TEHRAN – Iran exported $41.69 billion of non-oil goods in the first 11 months of the current Iranian calendar year ending to February 19.

  • Indian ONGC Videsh Ltd. (OVL) 2018-03-06 18:54

    Indian company inks MOU in Iran to cooperate in oilfield development

    TEHRAN - Indian ONGC Videsh Ltd. (OVL) signed a memorandum of understanding (MOU) on Tuesday with Gostaresh Iranian Oil and Gas Industries Development Company (also known as IDRO Oil) for cooperation in developing Susangerd oil field in southwest Iran.

  • Shariatmadari 2018-03-06 18:54

    Iran calls for preparing economic co-op roadmap with Iraq

    TEHRAN- Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari urged preparation of Iran-Iraq economic cooperation roadmap during his visit to Iraq, Shata news agency reported on Tuesday.

  • Masoud Karbasian 2018-03-05 20:19

    Tehran, Moscow discuss further expansion of economic ties

    TEHRAN - Iranian Finance and Economic Affairs Minister Masoud Karbasian met with Russian Economy Minister Maxim Oreshkin on Monday to discuss further expansion of mutual economic cooperation, Shada news agency reported.

  • Nasrollah Sardashti 2018-03-05 20:18

    Sardashti appointed NITC’s new managing director

    TEHRAN – Nasrollah Sardashti was appointed as the new managing director of National Iranian Tanker Company (NITC).

  • Iranian light crude oil price 2018-03-05 20:18

    Iranian light crude oil price rises $2.43 per barrel in a week

    TEHRAN- Iran’s light crude oil price rose $2.43 in the week ended on February 23 to settle at $62.39 per barrel, IRNA reported on Sunday.

  •  57th annual general assembly of the CBI 2018-03-04 21:02

    Positive economic trend to go on: CBI governor

    TEHRAN- Government tries its best to preserve domestic economy on its current positive trend not only by the end of current Iranian calendar year 1396 (March 20) but also by the end of the upcoming year, governor of the Central Bank of Iran (CBI) announced addressing the 57th annual general assembly of the CBI on Sunday.

  • Zanganeh 2018-03-04 21:01

    Iran won’t easily award South Pars oil layer to Total: Zanganeh

    TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total easily since the French oil giant has taken over Danish Maersk's oil division with which Iran was negotiating the project.

  • Iran-Russia 2018-03-04 21:01

    Finance minister in Moscow to attend Iran-Russia Joint Economic Committee meeting

    TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Moscow on Sunday to attend the 14th meeting of Iran-Russia Joint Economic Committee, IRIB news reported.

  • Kardor 2018-03-03 20:57

    3 IPC deals to come close to signing by March 20

    TEHRAN – Three deals based on Iran’s new model of oil contracts (known as IPC) will get ready for final signing by the end of the current Iranian calendar year (March 20, 2018), IRNA reported on Saturday quoting an official at NIOC as saying.

  • SMEs 2018-03-03 20:12

    Over $1.8b allocated to SMEs, uncompleted projects in 9 months

    TEHRAN- According to the latest data released by Iranian Ministry of Industry, Mining and Trade, some 82.13 trillion rials (about $1.84 billion) has been paid to fund the activity of 707 small and medium-sized enterprises (SMEs) and their semi-finished projects in Iran in the first nine months of the current Iranian calendar year (March 21- December 21, 2017), IRNA reported on Saturday.

  • Iran-Pakistan-India gas pipeline project 2018-03-03 19:57

    By Ebrahim Fallahi

    IP gas pipeline: A fading opportunity for Pakistan

    Near 20 years after the initiation of talks over the peace gas pipeline, beginning as the Iran-Pakistan-India gas pipeline project, and despite the fact that Iran has completed its part of the pipeline in its territory, Pakistan has fallen behind the target to take delivery of gas, initially scheduled for 2014.

  • Iran-Turkmenistan 2018-03-02 20:57

    Iran-Turkmenistan business forum held in Ashgabat

    TEHRAN - Turkmenistan’s Chamber of Commerce and Industry in Ashgabat hosted Iran-Turkmenistan business forum on Friday, IRNA reported.

  • Rashid Amer Mohammed Al-Mesailhi 2018-03-02 20:57

    Oman seeks expansion of trade ties with Iran

    TEHRAN- Oman is seeking expansion of its trade relationship with Iran, according to Oman Chamber of Commerce and Industry Vice Chairman Rashid Amer Mohammed Al-Mesailhi.

  • Dollar 2018-03-02 20:56

    Dollar-based purchase orders prohibited in Iran since Feb. 28

    TEHRAN- Purchase orders by merchants that are based on U.S. currency are no longer allowed to go through import procedures in Iran since Wednesday to address fluctuations in domestic market rates of the U.S. currency, IRNA reported.

  • Shahid Rajaee port 2018-02-28 20:49

    Phase 3 of Shahid Rajaee port development plan inaugurated

    TEHRAN- The third phase of the development plan of Iran’s biggest container port, Shahid Rajaee port, was launched on Wednesday in southern Hormozgan province and in the presence of President Hassan Rouhani, Transport and Urban Development Minister Abbas Akhoundi, ISNA reported.

  • Minerals 2018-02-28 20:48

    Minerals, mining exports rise 4.6% in 10 months

    TEHRAN- Iran’s minerals and mining exports stood at $7.587 billion during the first ten months of the present Iranian calendar year (March 21, 2017-January 20, 2018) registering 4.6 percent growth in comparison with the same time in the previous year, according to data released by the Islamic Republic of Iran Customs Administration (IRICA).

  • Stadler-IDRO 2018-02-28 20:46

    Swiss company to finance €1.1b manufacturing of subway wagons in Iran

    TEHRAN – Swiss company Stadler Rail Group inked a deal with Iran’s Industrial Development and Renovation Organization (IDRO) on financing the joint manufacturing of subway wagons in Iran.

  • Iran-Korea 2018-02-27 20:27

    Seminar on Iran’s investment opportunities held in S. Korea

    TEHRAN – Concurrent with the opening of Iran-South Korea Joint Chamber of Commerce a seminar on Iran’s investment opportunities was held in Seoul on Monday.