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2024-12-08 13:51
Over 1.7m tons of goods transited via Iran in a month
TEHRAN- As announced by the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining and Trade, 1.723 million tons of commodities were transited through Iran in the seventh Iranian calendar month of Mehr (September 22-October 21).
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2024-12-08 13:50
Iran offers cooperation with gas exporting countries in oil and gas technologies
TEHRAN – Iran's Petroleum Industry Research Institute has expressed its readiness to cooperate with Gas Exporting Countries Forum (GECF) member states across the upstream and downstream oil and gas sectors, the institute's head said on Saturday.
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2024-12-08 13:50
Iran’s producer price inflation hits seven-year low
TEHRAN - Iran’s annual producer price inflation (PPI) dropped to its lowest level in seven years, Central Bank of Iran (CBI) Governor Mohammadreza Farzin announced.
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2024-12-08 13:50
Iran plans to organize cryptocurrencies not limiting them: Hemmati
TEHRAN - Iran’s Minister of Economic Affairs and Finance Abdolnaser Hemmati has said that the government intends to organize digital currencies and cryptocurrencies instead of putting limitations on them.
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2024-12-08 13:49
Iran’s reservoir inflows decline 2% amid below-average rainfall
TEHRAN - Reservoir inflows in Iran dropped two percent year-on-year during the current water year, while precipitation levels remain below the long-term average, according to official data.
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2024-12-08 13:49
Iran hosts GECF meeting, highlights gas demand amid global challenges
TEHRAN – Iran has increased its annual natural gas production to 275 billion cubic meters despite U.S. sanctions, while warning that geopolitical tensions are threatening global energy supply chains. Iranian Oil Minister Mohsen Paknejad made the comments at the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) on Sunday in Tehran.
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2024-12-07 14:53
Export from Khorasan Razavi province up 30% in 7 months on year
TEHRAN – As announced by a provincial official, the value of non-oil export from Khorasan Razavi province, in the northeast of the country, rose 30 percent during the first seven months of the current Iranian calendar year (March 20-October 21), as compared to the same period of time in the past year.
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2024-12-07 14:49
Iran, Vietnam urged to boost trade despite banking, transport challenges
TEHRAN – Deputy Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Ghadir Ghiafeh highlighted the pressing need for alternative mechanisms to mitigate banking and transportation hurdles that have increased trade costs between Iran and Vietnam.
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2024-12-07 14:49
Iran’s trade with EAEU grows by 11%
TEHRAN — Trade between Iran and the Eurasian Economic Union (EAEU) has increased by 11 percent in the first nine months of 2024 compared to the same period last year, according to the union's press service.
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2024-12-07 14:48
Central bank approves regulatory framework for cryptocurrencies
TEHRAN - Iran is taking a unified approach to regulate cryptocurrencies to balance oversight with economic development, IRNA reported.
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2024-12-07 14:48
Iran's copper industry to boost power supply with 800 MW of renewable energy
TEHRAN — Iran’s National Copper Industries Company (NICICO) plans to add 800 megawatts (MW) of renewable energy to its power supply to address energy imbalances and ensure self-sufficiency, a senior company official said on Sunday.
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2024-12-07 14:47
By Ebrahim Fallahi
Iran emphasizes gas diplomacy, rejects political use of energy resources
TEHRAN — Despite facing intense domestic challenges and unilateral U.S. sanctions, Iran remains committed to its role as a reliable gas exporter, particularly to its neighboring countries, including Turkey and Iraq, without using its energy resources as a political tool, according to Mohsen Paknejad, the Iranian Minister of Oil.
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2024-12-07 14:47
Attendance of GECF ministers in Tehran reflects Iran's stability
TEHRAN - The minister of oil said that the presence of energy and oil ministers from the Gas Exporting Countries Forum (GECF) in Tehran highlights Iran's resilience, stability, and high level of security under current conditions.
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2024-12-06 14:27
Tehran hosting 26th GECF ministerial meeting
TEHRAN - The Iranian capital is hosting the 26th ministerial meeting of the Gas Exporting Countries Forum (GECF) on Dec 6-8, Shana reported.
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2024-12-06 14:27
Iran to launch "Agricultural Productive City" pilot project
TEHRAN – Iranian Minister of Agriculture has announced the implementation of a pilot project for the "Agricultural Productive City," a novel initiative aimed at integrating urban living with agricultural productivity. Once the pilot phase is complete, the model will be refined and expanded nationwide.
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2024-12-06 14:27
Tehran, Madrid to strengthen trade ties via visa facilitation
TEHRAN - Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), Samad Hassanzadeh, has emphasized the need for facilitating Spanish visas for Iranian traders saying that this step will significantly enhance bilateral trade relations between the two countries.
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2024-12-06 14:26
Iran, Belarus urged to boost financial exchanges using local currencies
TEHRAN - Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hasanzadeh have stressed the need for enhancing bilateral financial exchanges through joint mechanisms and the use of local currencies.
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2024-12-06 14:26
Iran, Saudi Arabia to collaborate on agriculture and environment
TEHRAN – Iran’s Minister of Agriculture, Gholamreza Nouri Ghezeljeh, announced plans to form a joint working group with Saudi Arabia to strengthen cooperation in agriculture, environmental issues, and natural resource management.
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2024-12-06 14:16
Iran, Mauritania discuss energy cooperation
TEHRAN - The ambassador of the Islamic Republic of Iran to Mauritania consulted and exchanged views with the Minister of Energy and Oil of that country regarding the strengthening of bilateral cooperation.
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2024-12-06 14:16
Putin praises strengthening economic ties with Iran
TEHRAN – Russian President Vladimir Putin has highlighted the stability and reliability of trade and economic relations with Iran, expressing optimism about further growth in bilateral trade volumes.
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2024-12-06 14:15
Russia-Pakistan freight train project via Iran set for pilot launch
TEHRAN – Pakistan’s Energy Minister Awais Ahmad Khan Leghari announced plans for a trial freight train service between Russia and Pakistan via the North-South Corridor, transiting through Azerbaijan and Iran. The pilot project is scheduled to launch in March 2025.
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2024-12-06 14:15
Oil ministry boosts fuel supply to power plants
TEHRAN – Iran's Energy Minister Abbas Aliabadi announced Wednesday that the Oil Ministry has increased diesel fuel supply to power plants, aligning provision levels with demand to prevent energy shortages during the winter months.
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2024-12-06 14:15
Optimizing gasoline consumption a priority, no price changes yet: Paknejad
TEHRAN – Iran's Oil Minister Mohsen Paknejad emphasized that optimizing gasoline consumption is a top priority for the ministry, adding that no decision has been made regarding changes to gasoline prices.
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2024-12-03 13:57
By Ebrahim Fallahi
Economic Analysis: Interview with Dr. Masoud Pezeshkian, President of Iran
TEHRAN - In a pivotal television interview marking the first 100 days of his presidency, Iranian President Masoud Pezeshkian delved into the challenges and opportunities defining his administration's early tenure. Against the backdrop of a tumultuous political landscape and mounting economic pressures, President Pezeshkian outlined his government’s approach to tackling structural inefficiencies, inflation, and resource imbalances while fostering international economic partnerships.
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2024-12-03 13:55
Iran exports non-oil goods worth $783m to UAE in a month
TEHRAN – Iran exported non-oil commodities valued at $783 million to the United Arab Emirates (UAE) in the seventh Iranian calendar month of Mehr (September 22-October 21), according to the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining and Trade.
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2024-12-03 12:39
Parliament approves customs tariff reduction for essential goods, medicines
TEHRAN - Iran's Parliament has authorized the government to lower customs duties on the import of medicines, medical supplies, infant formula, essential goods, and agricultural inputs for the next fiscal year.
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2024-12-03 12:38
Non-oil exports to Iraq increase by 36%
TEHRAN – Iran’s non-oil exports to Iraq have risen by 36 percent in the first seven months of the current Iranian year (March 20–October 21), reaching $7.288 billion, according to an official from the Trade Promotion Organization (TPO) of Iran.
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2024-12-03 12:38
Imam Khomeini Airport City announces over $800 million in new projects
TEHRAN – Imam Khomeini Airport City (IKAC) has announced the completion of 30 development projects worth more than 156 trillion rials ($312 million) ready for inauguration, alongside groundbreaking for 12 investment and construction projects valued at over 270 trillion rials ($540 million).
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2024-12-03 12:36
Iran’s economy grows 4% in H1
TEHRAN – Iran’s economy recorded a four percent growth in the first half of the current Iranian year (March 21–September 22, 2024), according to the latest report from the Iranian Statistical Center. When excluding the oil sector, growth stood at 2.6 percent.
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2024-12-03 12:36
Japan to help Iran resolve differences with FATF: official
TEHRAN - Japan has vowed to carry out efforts to help Iran advance its case in the Financial Action Task Force (FATF), according to an Iranian deputy finance minister.