Iran and Nicaragua signed a memorandum of understanding in the Iranian capital Tehran on Saturday for joint investments in the fields of oil, agricultural outsourcing and industries. The…
Kish Airline has overhauled its grounded Airbus A321 back to service after a year and a half. The airline resumed the use of this aircraft on the Tehran-Kish route on Aug. 9. The…
Iranian small- and medium-sized enterprises exported goods worth $4 billion during the last Iranian year (March 2018-19), according to Deputy Industries Minister Mohsen Salehinia. The exports…
A total of 17 million tons of iron ore were exported from Iran in the last fiscal year (March 2018-19), figures released by the Iranian Mines and Mining Industries Development and Renovation…
The fifth solar power plant in Isfahan Province, with 1 megawatt capacity has been connected to the national power grid. Located in Shahreza County, the new photovoltaic station is built by a…
Oil prices fell on Monday amid worries about an economic slowdown and the US-China trade war, which have led to a cut in the outlook for global oil demand. International benchmark Brent…
Oil, gas and petrochemical projects, valued at more than $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of which $283 billion are being implemented, as…
Natural gas production capacity has reached 810 million cubic meters per day, director of dispatching at the National Iranian Gas Company said. “This volume, which equals 5 million barrels of…
The National Iranian South Oil Company has signed contracts with Maroun Petrochemical Company in Mahshahr and Persian Gulf Petrochemical Industries Company (PGPIC) to capture flare gas from…
Iran on Monday called on the Caspian Sea littoral states to intensify efforts to boost cooperation, particularly in the fields of economy and environment, and offered to help achieve this goal…
Foreign Minister Mohammad Javad Zarif traveled to Doha on Monday to meet Qatar's Emir Sheikh Tamim bin Hamad Al Thani and his counterpart amid rising tensions in the Persian Gulf. The…
Iran’s Foreign Ministry said officials of the administration of US President Donald Trump are waiting "in vain" for telephone contact with Iranian officials. Foreign Ministry Spokesman Abbas…
No 1388
The International Monetary Fund is urging the world’s two largest economies to resolve the escalating trade war quickly and fairly. In a new report published by the executive board at the IMF,…
Light crude oil will be offered Tuesday in the international ring of Iran Energy Exchange, according to a notice on the IRENEX website. Two million barrels of oil belonging to the…
A new generation of mobile payment network will be unveiled soon, said an official with the local payment settlement network regulator, Shaparak. The new system does not require…
Governor of the Central Bank of Iran says the government is opposed to the repatriation of export earnings in rial as it would weaken the economy. “It does not make sense to repatriate earnings…
The western flank of Line 2 of the urban subway system in the shrine city of Mashhad in the northeastern Khorasan Razavi Province was launched late last week to further expand the already…
Over the past 11 years, 34% of those who lost their lives in road accidents in Iran, constituting 70,056 victims, died in SAIPA’s small city car, Pride. Iran Traffic Police Chief General Kamal…
Twenty-five percent of the packaging industries have now shifted toward using plastics instead of cardboards due to the rise in paper price, says Managing Director of Cardboard and Paperboard…
Iran Airports Company registered 34,065 takeoffs and landings during the fourth month of the current Iranian year (June 22-July 22), which shows a 5% decrease compared with the similar period of…
Iran traded 11.16 million tons of non-oil commodities worth $6.42 billion with CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa) in the last fiscal year (ended March 20, 2019…
Solar power production in central Yazd Province will reach 100 megawatts by the end of this fiscal year in March, managing director of Yazd Regional Electricity Company said.
Two Turkish drill ships are continuing operations in the eastern Mediterranean and another ship will join them this month, Energy Minister Fatih Donmez said, as a dispute over natural resources…
Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely risen by 1% in the past two months compared to the average of the last ten years…
