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2024-12-20 13:58
Iran-Egypt trade surges 67% in 8 months amid growing economic ties
TEHRAN – Trade between Iran and Egypt reached $17.18 million in the first eight months of the current Iranian calendar year (March 20-November 20), marking a 67 percent increase compared to the same period last year, a trade official said on Thursday.
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2024-12-20 13:54
Iran's finance minister meets D-8 secretary-general to discuss trade, investment
TEHRAN – Iran's Minister of Finance and Economic Affairs Abdolnaser Hemmati met with Secretary-general of the D-8 Organization for Economic Cooperation Isiaka Abdulqadir Imam on Thursday to discuss boosting trade and investment among the eight developing Islamic nations.
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2024-12-20 13:52
China ready to invest in combined-cycle power plants in Iran’s Khuzestan
TEHRAN – Chinese investors are prepared to fund the construction of combined-cycle power plants in Iran’s energy-rich Khuzestan province to help address the country’s energy imbalance and boost regional economic development, a Shanghai Cooperation Organization (SCO) representative said on Thursday.
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2024-12-18 15:07
Developing renewables key to address energy imbalances
TEHRAN – Iran’s Deputy Energy Minister for Economic Affairs and Planning Yazdan Rezaei has said expanding renewable energy capacity is essential to address the country’s energy imbalances, IRNA reported.
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2024-12-18 15:07
By Mahnaz Abdi
Iran exports non-oil goods worth $8.3b to Iraq in 8 months
TEHRAN- Iran exported non-oil commodities valued at $8.3 billion to Iraq during the first eight months of the current Iranian calendar year (March 20-November 20), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2024-12-18 14:32
Iran among top 5 countries with largest maritime fleets
TEHRAN – The Islamic Republic of Iran is among the world's top five countries possessing the largest maritime fleets, according to the head of the Ports and Maritime Organization (PMO).
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2024/12/18
By Ebrahim Fallahi
Iran’s Energy Imbalance: challenges and solutions
TEHRAN – Iran is tackling with significant energy imbalances as cold weather drives up demand, exacerbating fuel shortages and straining the country’s power plants. The government has responded with systematic power outages across several provinces, highlighting deep-rooted challenges in the country’s energy infrastructure.
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2024-12-18 14:13
Iran, China sign cooperation MOU on sidelines of Indian Ocean forum
TEHRAN – Iran and China have signed a memorandum of understanding (MOU) for development cooperation on the sidelines of the Indian Ocean Rim Development Cooperation Forum, IRNA reported.
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2024-12-17 15:32
‘Rasht-Astara railway a top priority for Iran’s logistics network’
TEHRAN – Iran's Ministry of Transport and Urban Development has identified the construction of the Rasht-Astara railway as a top logistical priority to enhance regional connectivity, a senior official said.
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2024-12-17 15:31
Iran highlights youth empowerment, innovation at annual industry festival
TEHRAN – Iran's 18th Festival of Young Producers and Managers, alongside the 16th event honoring prominent figures in industry, mining, and trade, was held in Tehran.
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2024-12-17 15:22
Tehran denies reports of decline in crude oil exports
TEHRAN – The head of National Iranian Oil Company (NIOC) has dismissed reports circulating on social media claiming a decline in the country's crude oil exports as "false and baseless."
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2024-12-17 15:10
Artificial intelligence to boost Iran’s petrochemical industry
TEHRAN – Iran’s Vice President for Science and Technology has announced plans to introduce innovative artificial intelligence tools into the petrochemical industry to drive its development, Mehr News Agency reported.
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2024-12-17 15:08
Iran-China non-oil trade stands at $21.4b in 8 months
TEHRAN – The value of non-oil trade between Iran and China stood at $21.4 billion in the first eight months of the current Iranian calendar year (March 20 – November 20), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2024-12-16 16:14
Transport minister highlights key role of transport sector in economic development
TEHRAN – Iran’s Minister of Transport and Urban Development Farzaneh Sadegh has underscored the pivotal role of the transport sector in driving economic and social growth, marking the country’s National Transport Day.
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2024-12-16 16:14
By Mahnaz Abdi
Aluminum ingot output exceeds 400,000 tons in 8 months
TEHRAN - Production of aluminum ingot in Iran reached 400,425 tons in the first eight months of the current Iranian calendar year (March 20-November 20), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
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2024-12-16 15:11
NIOPDC distributes 320m liters of petroleum products daily amid unprecedented cold
TEHRAN – National Iranian Oil Products Distribution Company (NIOPDC) has maintained the daily distribution of 320 million liters of petroleum products nationwide, despite severe cold weather affecting large parts of the country, according to the head of the company.
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2024-12-16 14:49
Iran achieves record gas output at South Pars
TEHRAN – Iran has set a new record for natural gas production at the South Pars field, reaching 712 million cubic meters per day, according to the head of Pars Oil and Gas Company (POGC), which is in charge of the giant field development.
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2024-12-16 14:30
Capacity of Iran's free trade zones reaches 1.4m TEUs
TEHRAN – Iran's free trade zones collectively offer a bulk capacity of 61 million tons and 1.4 million TEUs, with the ability to handle 12 million passengers annually, the secretary of Free Zones High Council reported during a meeting with President Masoud Pezeshkian.
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2024-12-16 14:20
Cement production declines due to energy restrictions
TEHRAN – Cement production in Iran is expected to drop to 70 million tons this year, down from 76 million tons last year, due to electricity and gas supply constraints, according to the Cement Association's Secretary.
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2024-12-15 19:18
promotional Item:
What is the Chakad System (Digital Secure Check), and How Does It Work?
Chakad (Digital Secure Check) is the central system for electronic checks introduced by the Central Bank of Iran (CBI). It is also connected with CBI’s Nahab system which contains the identity information of banking customers.
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2024-12-15 19:15
promotional Item:
A smart step for interest-free financing
Bank Melli Iran has introduced “Generator Credit Certificates” (GAM) to support producers and facilitate short-term financing for businesses without charging interest.
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2024-12-15 19:09
promotional Item:
Easy registration for Iran Khodro vehicles with a Bank Melli Iran proxy account
Applicants for the extraordinary sales and pre-sale plans of the Iran Khodro Industrial Group can register their purchase requests by opening a proxy account in the Firouzeh system of Bank Melli Iran and blocking an amount of 3 billion rials (300 million tomans).
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2024-12-15 15:43
SP refineries supply 585 mcm/d of gas into national grid
TEHRAN – Iran’s South Pars Gas Complex refineries are operating at full capacity to ensure stable gas production during winter, delivering 585 million cubic meters per day (mcm/d) of gas to the national network, a senior official said on Saturday.
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2024-12-15 13:41
Private sector ready to invest in customs modernization: ICCIMA
TEHRAN – Iran’s private sector has expressed its willingness to invest in equipping and modernizing the country’s customs infrastructure, aligning with international best practices, according to the head of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA).
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2024-12-15 13:31
SATBA seeking investors to develop renewable power plants
TEHRAN – Iran's Renewable Energy and Energy Efficiency Organization (SATBA) has invited investors to participate in the construction of renewable energy power plants as part of short- and medium-term plans to address the country’s electricity imbalance.
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2024-12-15 13:19
IMIDRO’s projects to create 3,100 direct jobs in Iran
TEHRAN – Iran’s state-owned mining development organization IMIDRO announced that its upcoming mineral and mining industrial projects will create over 3,100 direct jobs across the country, IRNA reported.
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2024-12-14 15:10
768 maritime parts, equipment domestically produced with PMO support
TEHRAN – The deputy for Engineering and Infrastructure Development at the Ports and Maritime Organization (PMO) announced that the knowledge for production of 768 maritime parts and equipment has been indigenized by domestic companies with support from PMO.
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2024-12-14 15:04
Daily gas injection into national network reaches 855 mcm in winter
TEHRAN – The head of the National Iranian Gas Company (NIGC) announced that approximately 855 million cubic meters of natural gas are delivered daily to the national gas network during the winter.
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2024-12-14 15:00
Home appliance production sees 20% growth in 8 months yr/yr
Tehran – The Secretary-General of the National Association of Household Appliance Manufacturers of Iran announced a 20 percent growth in household appliance production during the first eight months of the current Iranian calendar year (March 20-November 21) compared to the same period last year.
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2024-12-14 14:54
Tehran hosting intl. branding, marketing exhibition
TEHRAN – The 20th edition of Iran’s International Exhibition of Advertising, Branding, Marketing, Export Chain and Related Industries kicked off at the Tehran International Permanent Fairgrounds on Friday, IRNA reported.