Chabahar Port’s container capacity to reach 100,000 TEUs

TEHRAN – According to a report by the Islamic republic of Iran Shipping Lines (IRISL), Six cranes in Iran’s southeastern Chabahar Port have been equipped with container unloading and loading tools, so the container operation capacity of the port has reached 100,000 TEUs.

IRICA calls on private sector to invest in customs

TEHRAN – In a joint meeting between the customs and agriculture committees of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the director general of the Transit Office of the Islamic Republic of Iran Customs Administration (IRICA) called on the private sector to invest in the country’s customs to modernize their equipment.

Cellphones imports drop 9% in 7 months yr/yr

TEHRAN – Based on the latest data released by the Islamic Republic of Iran Customs Administration (IRICA), some 6,720,659 cellphone handsets, valued at $1.497 billion, were imported into the country in the first seven months of the current Iranian calendar year (March 20–October 21).

Over 25,000 passenger cars imported in 7 months

TEHRAN - The head of the Islamic Republic of Iran Customs Administration (IRICA) said 25,448 passenger cars were imported into the country in the first seven months of the current Iranian calendar year (March 20-October 21).

Strengthening transit to continue in Imam Khomeini port: PMO head

Pezeshkian submits $98.5b budget bill to Majlis

TEHRAN – President Masoud Pezeshkian submitted the national budget bill for the next Iranian calendar year (March 2025-March 2026) to the Majlis (parliament) on Tuesday.

Russia, Iran almost completely shift to national currencies: Kremlin

TEHRAN – Iran and Russia have been using national currencies in more than 96 percent of their mutual payments, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS Summit in Kazan.

Iran, Tanzania chambers of commerce ink MOU to form joint trade committee

TEHRAN – Iran and Tanzania chambers of commerce signed a memorandum of understanding to establish a joint trade committee on the sidelines of the fifth Iran-Tanzania Joint Economic Committee meeting which was held during October 18-21 in Dar es Salaam, the ICCIMA portal reported.

Tehran, Riyadh seek to enhance air transport cooperation

TEHRAN - The head of the Civil Aviation Organization of Iran (CAO) and the Saudi Ambassador to the Islamic Republic of Iran discussed expanding air transport cooperation between the two countries.

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Top Methane Gas Detectors (CH4) from Leading Brands at Respinatrade

When it comes to ensuring safety in environments where methane gas (CH4) is present, having reliable and accurate detection equipment is crucial. Methane gas detectors play a pivotal role in preventing hazardous situations by detecting dangerous levels of methane, which can lead to explosions or health issues if left unchecked.

RAI plans to boost railway efficiency by 20%

TEHRAN - The head of the Islamic Republic of Iran Railways (known as RAI) has announced that the company is taking new measures to boost the efficiency of the country’s railway industry by 20 percent during the second half of the current Iranian calendar year (September 22, 2024-March 20, 2025).

By Chinese Ambassador to Iran Cong Peiwu

China's Economy: A Stable Growth Trend

In my recent exchanges with the Iranian business community and other circles, I found out that many Iranian friends are very interested in the current status and prospects of China’s economy, and I would like to share a few points of view in this regard.

BRICS Expansion: Global South media, think tanks focus on new opportunities

As the 2024 BRICS Summit approaches, CGTN hosted a gathering of BRICS media think tanks to share their insights on the bloc's development and future expectations. During the discussions, participants explored the profound impact of BRICS expansion.

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Bank Melli Iran cements support for economic actors

In line with its commitment to support economic actors and producers across the country, Bank Melli Iran has provided a total of 728,192 loans valued at 1,941,308 billion rials to various sectors of the economy during the first six months of the current Iranian year (started on March 20).

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Bank Melli Iran offers personal loans up to 5 billion rials

Bank Melli Iran has introduced a scheme named “National Credit”, which offers its customers loans up to 5 billion rials.

BRICS at a crucial juncture: Between inclusiveness and efficiency

BRICS has arguably become the most dynamic group on the international stage as its core expansion is coupled with a significant rise in the number of developing economies that have expressed their desire to join the platform.

Iran’s railway welcomes transport co-op with TRACECA members

TEHRAN – The head of the Islamic Republic of Iran Railways (IRIR), known as RAI, said his country welcomes cooperation with the TRACECA member countries in the field of transportation.

Iron ore concentrate export stands at $241m in 6 months

TEHRAN- Iran exported 3.246 million tons of iron ore concentrate worth $241 million during the first six months of the current Iranian calendar year (March 20-September 21), according to the data released by the Iranian Steel Producers Association (ISPA).

Foreign investment approved in 3 months hits $1.8b

TEHRAN- According to the Iranian Finance and Foreign Affairs Ministry, during three months since the 14th government’s incumbency, 182 applications related to foreign investment have been reviewed and approved by the Foreign Investment Committee, and the value of the approved foreign investment plans in this three-month period has reached $1.8 billion.

TEDPIX falls nearly 20,000 points on Sunday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), fell 19,959 points to 2,021,117 on Sunday, which is the second day of the Iranian calendar week.

Over $9.2b invested in water, wastewater projects

TEHRAN – Iran’s National Water and Wastewater Engineering Company has managed to attract 4.6 quadrillion rials (over $9.2 billion) of investment in the country’s water and wastewater projects, an official with the company said.

Iran, China stress promoting trade ties, exchanging business delegations

TEHRAN – In a meeting between the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Mahmoud Najafi-Arab and Cong Peiwu, the ambassador of the People's Republic of China in Iran, the two sides stressed promoting trade ties and the exchange of business delegations between the two countries.

Iran, Iraq to build border terminal along Shalamcheh-Basra railway

TEHRAN - Iran and Iraq railway officials, during a field visit to the Shalamcheh-Basra railway, met and held talks at Iran’s Arvand Free Zone and agreed on building Shalamcheh border terminal along the Shalamcheh-Basra railway.

‘Iran ready to host TRACECA ministerial meeting’

TEHRAN – Iranian Transport and Urban Development Minister Farzaneh Sadegh has expressed Iran’s readiness for hosting the upcoming meeting of the TRACECA ministers which is due to be held in February 2025.

Cultural collaboration showcases Iranian rugs & Malaysian textiles and art in Tehran

TEHRAN– The Embassy of Malaysia in Tehran proudly hosted “Threads of Heritage: Persian and Malaysian Artistry”, a cultural event showcasing the timeless beauty and craftsmanship of Persian carpets and Malaysian traditional textiles and art.

Iran, Tanzania to expand co-op in agriculture, petrochemicals, tourism

TEHRAN – Iranian Agriculture Minister Gholamreza Nouri Ghezelcheh announced about the expansion of cooperation between Iran and Tanzania in the fields of agriculture, petrochemicals and tourism.