Over 42,300 tons of tea worth around $195 million were imported into Iran during the first nine months of the current Iranian year (March 21-Dec. 21, 2018), latest data released by the Islamic…
Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin will hold a meeting on the sidelines of the Astana trio’s summit on Syria to discuss trade and economic cooperation,…
Three European signatories to the Iran nuclear deal—formally known as the Joint Comprehensive Plan of Action—namely Germany, France and Britain, have proposed to limit the scope of INSTEX, the…
Oil Minister Bijan Namdar Zanganeh says Iran has turned to the sale of Islamic bonds to finance oil projects. "The first sale of bonds to fund our oil output augmentation projects worth $6.2…
Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains. US West Texas Intermediate crude futures were…
Sixty-three petrochemical plants have come on stream over the past 40 years and production and export of a variety of petrochemicals have grown. According to National Petrochemical Company data…
Canadian company Pembina Pipeline Corp. says it is going ahead with a $4.5-billion joint venture with Kuwait's Petrochemical Industries Co. to build an integrated propane dehydrogenation plant…
India’s Hindustan Petroleum Corporation Limited could buy 0.9 million tons of Iran oil in its 2018/19 financial year, said Vinod S Shenoy, the company’s director of refineries. HPCL bought 0.7…
To speed up production from oil fields shared with Iraq, drilling operations on seven wells in Azar Oilfield in Anaran block in Mehran, Ilam Province, are expected to end by March, operation…
Privatization of power plants has not been compatible with Article 44 of the Islamic Republic Constitution based on which a large part of executive responsibilities of the Energy Ministry…
Iran and Iraq signed an agreement Tuesday to establish a monetary channel for facilitating payments between the two countries. The agreement was signed by the governors of the Central…
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In the wake of a single urgency bill approved this week by the Majlis to tax the income of the Central Bank of Iran, the bank issued a statement late Monday, indicating that the legislation…
Share of the National Development Fund of Iran from the export of oil and natural gas derivatives are estimated in next year’s budget bill (March 2019-20) at $6.7 billion.
As part of its plans to reform the limping banking sector, the government has launched a program to sell excess property of state banks.
Iran is one of the major producers of military drones in the world, a commander of the Islamic Republic of Iran Air Force said. Brigadier General Aziz Nasirzadeh told IRNA on Monday that the…
Syrian Foreign Minister Walid Muallem, who arrived in Tehran on Tuesday at the head of a delegation, met his Iranian counterpart to discuss bilateral ties and the latest political developments…
Deputy Foreign Minister for Political Affairs Abbas Araqchi traveled to Paris on Monday for the sixth round of Iran-France political consultations. He was set to meet French Foreign…
The Foreign Ministry on Tuesday welcomed the positive steps taken by the European Union toward constructive engagement with Iran but dismissed criticism of its missile activities, regional…
West Azarbaijan exported commodities worth $1.1 billion during the first 10 months of the current fiscal year to Jan. 20 to register a 144% growth compared with last year's corresponding period…
Around 350,000 tons of dates worth $300 million have been exported from Iran since the beginning of the current Iranian year on March 21, 2018. “We expect the figure to rise to 400,000 tons by…
North Khorasan Province’s first special economic zone was inaugurated in the city of Bojnord on Monday. According to the CEO of North Khorasan Industrial Parks Company, Siyavash Vahdat, the…
A joint communication taskforce is to be established between Iran and Iraq by March with the aim of boosting collaboration.
The 8th edition of Iran Video Game Festival is on track and 146 locally-developed games have been registered for the competitions that are held annually on the sidelines of the event.
Tech park ‘Digital Economic Development’ was launched in the shrine city of Mashhad on Monday by the ICT minister. During the inauguration ceremony Mohammad Javad Azari Jahromi said, “The tech…
