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  • Adel Abdul Mahdi 2018-12-13 09:46

    ‘Iraq seeking exemption from U.S. sanctions to continue Iran’s gas imports’

    TEHRAN- Iraq will send a delegation to the United States seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, Reuters reported quoting Iraqi Prime Minister Adel Abdul Mahdi as saying on Tuesday.

  • Textile exports 2018-12-13 09:44

    Textile exports rise 28% since March

    TEHRAN- Exports of textile has witnessed 28 percent increase since the beginning of the present Iranian calendar year (Mach 21, 2018) in comparison with the same time in the preceding year, IRNA quoted an official from Iranian Industry Ministry on Wednesday.

  • Budget Bill 1398 2018-12-13 09:41

    By Haniyeh Sadat Jafaryieh

    1398 budget bill, (non)-oil revenues?

    The budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) was presented to the parliament on December 6 while Iran’s economy, previously expected to boom, is experiencing the toughest conditions under the draconian U.S. sanctions. The upcoming year is supposedly an economic predicament for Iranians to endure and for the government to program and handle.

  • ICCIMA 2018-12-12 20:30

    ‘EU plans to finalize SPV as soon as possible’

    TEHRAN- In a way to counter the U.S. sanctions on Iran, European Union plans to finalize the special purpose vehicle (SPV) as soon as possible to facilitate export and import processes between EU members and Iran, Tarja Cronberg, the head of the European Parliament delegation for relations with Iran, stated.

  • Iranian gas 2018-12-11 21:38

    U.S., Saudi plans for replacing Iranian gas in Iraq doomed to failure

    TEHRAN – Considering Iraq’s geopolitical improvements in the past few years, the Iraqi government has been seeking to improve the country’s infrastructure and one of the main areas of focus has been Iraq’s electricity network and power infrastructures.

  • minerals 2018-12-11 21:36

    Minerals export rises 7% in 8 months yr/yr

    TEHRAN- The value of Iran’s minerals export during the first eight months of the current Iranian calendar year (March 21-November 21) rose seven percent compared to that of the same period of time in the past year, IRIB reported citing the data released by the Ministry of Industry, Mining and Trade.

  • Industry Minister Reza Rahmani (L) and Mohammad Baqer Nobakht, the head of MPO, exchanging the documents of an MOU they signed on job creation co-op on Tuesday 2018-12-11 21:33

    Iranian MPO, industry ministry ink MOU to create 270,000 jobs

    TEHRAN - Management and Planning Organization of Iran (MPO) and the Ministry of Industry, Mining and Trade signed a memorandum of understanding (MOU) based on which the two sides will allocate 210 trillion rials (about $5 billion) to create 270,000 job opportunities across the country.

  • Abdolnaser Hemmati 2018-12-11 21:18

    ‘Iran ditches dollar in transactions with several countries’

    TEHRAN- Iran has made mutual monetary agreements with some countries on the way to abolish U.S. dollar in its financial transactions and the issue will be incrementally generalized to other countries in future,” the governor of the Central Bank of Iran (CBI) announced in a meeting with Iranian economists on Monday, IRNA reported.

  • First VP Jahangiri inaugurated water desalinization, power plants in Hormozgan province 2018-12-11 21:07

    First VP Jahangiri inaugurated water desalination, power plants in Hormozgan province

    Major water, power projects come on stream

    TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated the first phase of the country’s biggest water desalination project and a 160-megawatt power plant in the southern province of Hormozgan on Tuesday, IRNA reported.

  • Iran-Iraq 2018-12-10 21:37

    Iran-Iraq trade delegation exchange up 137% in 9 months

    TEHRAN - Iran's commercial attaché in Iraq said the exchange of trade delegations between Iran and Iraq has increased by 137 percent since March, compared to the same period last year.

  • Majid-Reza Hariri 2018-12-10 21:05

    Iran, China resume banking transactions

    TEHRAN- “Iran and China resume their joint banking relations from today”, Deputy Head and speaker of Iran-China Joint Chamber of Commerce Majid-Reza Hariri announced on Monday, Tasnim news agency reported.

  • Reza Rahmani, Mohammadreza Modoudi 2018-12-10 21:04

    TCCIMA honors exemplary exporters

    TEHRAN- In a ceremony on Monday, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) honored 15 exemplary exporters of Tehran Province, TCCIMA website reported.

  • South Pars gas field 2018-12-10 21:03

    Third train of SP phases 22-24 sweetening refinery comes online

    TEHRAN- The third train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, operator of the phases announced.

  • Caspian Sea littoral states 2018-12-10 20:56

    Tehran hosting Caspian states’ meeting on maritime safety, security

    TEHRAN- The fourth meeting of Collaboration on Maritime Safety and Security in Caspian Sea kicked off in Tehran on Monday participated by the representatives from five littoral states, IRNA reported.

  • TEDPIX 2018-12-09 21:55

    Stock market index rises 73% since March

    TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 73.3 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Sunday.

  • Bengin Rikani 2018-12-09 21:55

    Iraq welcomes Iranian participation in renovation projects

    TEHRAN- In a meeting with the Secretary of the Committee of Expanding Economic Relations with Iraq and Syria Hassan Danaieefar, Iraqi Minister of Construction and Housing Bengin Rikani voiced his country’s tendency for cooperation of Iranian companies in renovation projects in Iraq, IRNA reported on Sunday.

  • Dairy products 2018-12-09 21:53

    Dairy products prices drop 9%

    TEHRAN- According to the secretary of Iran Dairy Industries Society, the prices of milk and other dairy products experience a decrease of nine percent since Sunday, IRNA reported.

  • Mohammad Rezvanifar 2018-12-09 21:40

    Shasta’s new managing director appointed

    TEHRAN- Mohammad Rezvanifar was appointed as the new managing director of Iran’s Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Tasnim news agency reported on Sunday.

  • Renewable power 2018-12-09 21:39

    Renewable power purchase prices to rise 40% in peak periods

    TEHRAN - Seyed Mohammad Sadeqzadeh, head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA), said the Energy Ministry is going to increase the guaranteed purchase prices for renewable electricity generation during the year’s first six months when the consumption is higher.

  • President of Chamber of Commerce and Industry of the Russian Federation Sergey Katyrin (L) met with Gholam-Hossein Shafeie (R), the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in Tehran on Saturday. 2018-12-09 21:32

    Iran, Russia call for supporting private sectors in sanctions era

    TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and president of Chamber of Commerce and Industry of the Russian Federation stressed the need for supporting the two countries’ private sectors in the sanctions era.

  • Aluminum 2018-12-08 22:32

    Aluminum production by major companies rises 3.2% in 8 months yr/yr

    TEHRAN- Iran’s major aluminum producers produced 231,031 tons of aluminum during the eight-month period from March 21 to November 21, which shows 3.2 percent growth from the figure of the same period of time in the past year, according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

  • Caspian Sea littoral states 2018-12-08 22:31

    Representatives from 5 Caspian Sea states to meet in Tehran on Monday

    TEHRAN- Representatives from five Caspian Sea littoral states are to attend the 4th meeting of Collaboration on Maritime Safety and Security in the Caspian Sea in Tehran on December 10-11, IRNA reported on Saturday.

  • Abdolnaser Hemmati 2018-12-08 22:30

    ‘Strengthening rial, supplying working capital top priorities of banks’

    TEHRAN- In his periodical meeting with directors from state-run and private Iranian banks, the governor of the Central Bank of Iran (CBI) called for the banks to have strengthening the national currency and supplying the working capital of production units while granting facilities among their top priorities, IRIB reported on Saturday.

  • IME 2018-12-08 21:37

    Over 208m tons of commodities worth $214m traded in IME in a week

    TEHRAN- During weekdays ending up to December 6, approximately, 208,424 million tons (MT) of commodities worth over $214 million were traded in Iran Mercantile Exchange (IME).

  • industrial units 2018-12-08 21:34

    1,370 industrial units resume activity since March

    TEHRAN- Some 1,370 industrial units that had stopped their activity have resumed their operation since the beginning of current Iranian calendar year (March 21, 2018), Iran’s Industry Minister Reza Rahmani announced.

  • NIMA 2018-12-08 21:22

    NIMA supplies €6.8b for imports of goods, services

    TEHRAN- Since becoming online in early July, Iran’s domestic Forex Management Integrated System (locally known as NIMA) has earned €6.8 billion of foreign currency to be consumed for imports of goods and services into the country, IRIB reported on Saturday.

  • Putin_Bin Salman 2018-12-08 20:54

    By: Ebrahim Fallahi

    Oil’s love triangle ends up with Trump in tears

    These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

  • Iran India 2018-12-07 21:53

    India to import Iranian oil using rupee payment mechanism: source

    India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran.

  • Iranian gas imports 2018-12-07 21:52

    Iraq needs 2 years to stop Iranian gas imports: energy official

    Iraq needs at least two years to boost the country’s gas production to stop importing Iranian gas used to feed its power stations, a senior Iraqi energy official said on Thursday.

  • OPEC 2018-12-07 21:50

    OPEC agrees on larger-than-expected oil cut after marathon talks

    OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.