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  • gas-network 2018-04-09 11:38

    98% of cities to enjoy national gas network by next March

    TEHRAN – National Iranian Gas Company (NIGC)’s deputy director for planning affairs said some 1,120 cities across Iran are already joined to the country’s national gas network and by the yearend the number will reach 1,162 that is 98 percent of the country’s cities.

  • state-run shares 2018-04-09 11:38

    New round of offering state-run shares to start

    TEHRAN- Iranian Privatization Organization (IPO) will hold its first auction in the new Iranian calendar year (started March 21) to divest shares of 12 governmental companies and firms to the private sector on April 17, IRNA reported on Sunday.

  • Railway 2018-04-09 10:50

    Railway fleet to receive 90 passenger wagons in a year

    TEHRAN- Some 90 passenger wagons will be added to the Iranian railway fleet in the current Iranian calendar year (started on March 21), according to a railway official.

  • میدان نفتی آزادگان 2018-04-09 10:07

    Khalkhal Dasht’s response to a Tehran Times report: “Bitter experience of Chinese investor with Iranian contractor”

    Following a report on a conflict between the Chinese oil company Sinopec and an Iranian International company called Khalkhal Dasht which was published on March 19 by Tehran Times, Khalkhal Dasht has responded to the mentioned report, what comes below is the Iranian company’s account of the events.

  • mining projects 2018-04-08 21:20

    $1.5b of new mining projects to be inaugurated in a year

    TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that $1.5 billion of new mining and related industries projects will be inaugurated by the current Iranian yearend (March 20, 2019).

  • Iran-Brazil business forum 2018-04-08 21:16

    Zarif to attend Iran-Brazil business forum

    TEHRAN- Iran’s Foreign Minister Mohammad Javad Zarif, who began his visits to several African and South American countries at the head of a politico-economic delegation on Sunday, will attend Iran-Brazil business forum on Tuesday, IRNA reported.

  • foreign currency 2018-04-08 21:08

    By Haniyeh Sadat Jafariyeh

    Foreign currency jump rears ugly head in domestic production, exports

    The new Iranian year, which began on March 21, has been named by Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei as the year of “Support for Iranian Products”. In general, supporting national products is expected to improve the level of Iran’s exports, however, regarding the current conditions at domestic foreign exchange market, puts the idea under some disputations.

  • NIDC 2018-04-08 10:45

    NIDC completes digging operation of 8 oil, gas wells in 2 weeks

    TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of eight oil and gas wells during the two weeks from the beginning of current Iranian calendar year (March 21), according to an official with the NIDC.

  • SME 2018-04-07 20:06

    Annual exports of SMEs at $2.3b

    TEHRAN- A top official from Iran Small Industries and Industrial Parks Organization (ISIPO) announced that domestic small and medium-sized enterprises (SME) could export 2.3 billion of goods during the previous Iranian calendar year 1396 (ended March 20, 2018), IRNA reported on Saturday.

  • ICCIMA 2018-04-07 20:05

    Tehran, Ankara sign co-op agreement on agriculture, foodstuff

    TERHAN- Federation of Iranian Food Association and Central Union of Turkish Agricultural Credit Cooperative signed a cooperation agreement at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, IRNA reported.

  • transportation 2018-04-07 20:03

    By Mahnaz Abdi

    A year with more private sector’s contribution to transportation

    Transportation development is one of the most significant necessities for economic growth and improvement of public welfare.

  • Seyed Reza Norouz-Zadeh 2018-04-07 10:55

    Annual petchem exports anticipated to hit $14b

    TEHRAN- Iran’s export of petrochemical products is anticipated to reach $14 billion in the current Iranian calendar year (started on March 21), according to National Petrochemical Company (NPC) Managing Director Seyed Reza Norouz-Zadeh.

  • Iran-Russia business forum 2018-04-07 10:54

    ICCIMA to host Iran-Russia business forum on Monday

    TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will host Iran-Russia business forum in Tehran on Monday, the portal of ICCIMA announced.

  • Döwran Rejepow 2018-04-06 21:16

    Iran, Turkmenistan to form joint energy committee

    TEHRAN – Iran and Turkmenistan’s energy ministers called for sustained cooperation between the two countries’ energy and water sectors and emphasized the establishment of a joint energy committee.

  • Iran-Sweden 2018-04-06 21:16

    Sweden’s contribution in renewing Iran’s transport fleet to facilitate banking ties

    TEHRAN – The governor of Central Bank of Iran (CBI) said Sweden’s cooperation with Iran in a mega project for renewing the country’s public transportation fleet will lead to expansion of the two sides’ banking ties.

  • Farzad B gas field 2018-04-06 21:16

    New Delhi set to present $3-4b development plan for Iranian gas field

    TEHRAN - India is going to present a $3-4 billion plan for developing Farzad B gas field to Iran next week after Tehran reduced the scope of the project, Reuters reported on Friday quoting two sources familiar with the matter.

  • car 2018-04-05 14:42

    Over 1.3m cars manufactured in 11 months

    TEHRAN- Iranian carmakers manufactured over 1.314 vehicles during the 11-month period ended on February 19, Industry Ministry has announced.

  • Non-oil exports 2018-04-05 14:41

    Non-oil exports grows 6.5% in a year

    TEHRAN- Head of Iran’s Trade Promotion Organization (TPO) Mojtaba Khosrotaj announced that Iran exported $47 billion of non-oil products during the previous Iranian calendar Year (ended March 20), registering 6.5 percent annual growth, IRNA reported on Wednesday.

  • Sweden 2018-04-05 14:41

    Swedish trade delegation at TCCIMA in mid-Apr.

    TEHRAN- A trade delegation dispatched by Stockholm Chamber of Commerce is to discuss future cooperation with Iranian entrepreneurs and businessmen at the place of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on April 18, the portal of TCCIMA announced.

  • Austria’s Oberbank 2018-04-04 19:59

    Austria’s Oberbank still active in Iran: CBI

    TEHRAN – Central Bank of Iran (CBI) dismissed claims about Austria’s Oberbank cutting relations with Iran, IRIB news reported on Tuesday.

  • IRISL 2018-04-04 19:58

    IRISL rises to 19th place in Alphaliner’s Top 100 ranking

    TEHRAN- The Islamic Republic of Iran Shipping Lines (IRISL) has advanced in the Alphaliner’s Top 100 ranking, climbing to 19th place in April from 22nd last year.

  • Steel 2018-04-04 19:57

    Crude steel output up 11.5% in 11 months yr/yr

    TEHRAN- Production of crude steel in Iran during the 11-month period ended on February 19 indicates 11.5 percent growth compared to the figure of the same time span in the preceding year, according to the data released by the Industry Ministry.

  • Real estate market 2018-04-04 08:45

    Real estate market boom to continue in current year

    TEHRAN – The Ministry of Roads & Urban Development expects the boom in the real estate market to continue in the new Iranian calendar year of 1397 (started on March 21), IRNA reported on Tuesday.

  • annual growth 2018-04-04 07:48

    Industrial sector’s annual growth estimated at 4.1%

    TEHRAN- According to the latest report of Iran’s Parliament Research Center (IPRC) domestic industrial sector has expectedly witnessed a 4.1-percent growth in the previous calendar year 1396 (ended March 20), Tasnim news agency reported.

  • IFB 2018-04-03 20:45

    IFB attracts 87% more funding yr/yr

    TEHRAN- Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), could manage to attract 306.6 trillion rials (about $6.2 billion) of funding during the past Iranian calendar year 1396 (ended on March 20), which shows 87 percent growth annually, Tasnim news agency reported.

  •  oil, gas fields 2018-04-03 20:45

    Russia expected to invest over $50b in developing Iran’s oil, gas fields

    TEHRAN - Russian companies are expected to invest over $50 billion in development of oil and gas fields in Iran, Tass reported quoting Russian presidential aide Yuri Ushakov as saying on Monday.

  • IMF 2018-04-03 20:44

    IMF urges Iran to make structural economic reforms, address youth unemployment

    TEHRAN – The International Monetary Fund (IMF) called on Iran for structural economic reforms for enabling the private sector to grow and to create the jobs required to address youth unemployment and raise incomes.

  • oil deals 2018-04-02 20:38

    By Ebrahim Fallahi

    Welcoming the New Year with new oil deals

    Iran, for long, has been using buy-back oil contracts in deals with foreign companies who worked on developing the country’s oil and gas fields. But in recent years, some issues attributed to the buy-back model have made this kind of contracts less attractive to foreign companies, thus, encouraging the oil-rich country to introduce a new model of oil contracts which is claimed to be more flexible and more attractive to the foreign investors.

  • Iran stock market 2018-04-02 20:37

    By Mahnaz Abdi

    First-ever achievements of Iran stock market

    The Iranian stock market has witnessed some first-ever successful experiences in the current Iranian calendar year, ending March 20, both in national and international transactions and also in terms of science and training.

  • Economy 2018-04-02 15:16

    By Haniyeh Sadat Jafariyeh

    Economy in a nutshell: key points, future plans

    At the threshold of a new year, some of major economic indices of the ending year and the major plans for the upcoming one will be reviewed here.