On average, vehicles used for public transportation in the northwestern province of East Azarbaijan are over two decades old and do not meet safety standards, head of the local Public…
Iran’s International Property Rights Index score increased by 0.22 points in 2018 compared with 2017 to stand at 4.74 (out of 10) for 2018. Iran ranked 91st out of 125 countries under…
Maku Free Trade Zone in northwestern Iran will soon become the country’s major port of entry for importing livestock and meat, as per the preliminary agreement reached by the officials of FTZ…
About 420,000 tons of agricultural products cultivated in greenhouses worth 10 trillion rials ($98 million) are exported from Iran’s central Yazd Province every year.
Around 88.37 million tons of commodities were loaded and unloaded in Iran’s 17 major ports during the first eight months of the current Iranian year (March 21-Nov. 21) to register a 13.3%…
Bandar Abbas Wastewater Treatment Plant expansion and repairs will be over by the end of the current fiscal in March, said the managing director of Hormozgan Water and Wastewater Company. “…
The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, undertakes most drilling operations across the country and drilled 4,489 onshore and offshore oil and gas…
Contrary to initial reports that OPEC will not make public the country quotas in the new production cut deal, the organization now plans to publish a table of each OPEC and non-OPEC individual…
Iraq has agreed a deal with US Company Schlumberger to drill 40 wells in the giant Majnoon oilfield, the oil ministry said on Wednesday. Iraqi Oil Minister Thamir Ghadhban said in a…
US shale producers are slamming the brakes on next year’s drilling with crude prices off 40% and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.…
No 1213
The governor of the Central Bank of Iran says important developments in banking and trade will take place following talks between the presidents of Iran and Turkey. According to CBI's…
The presidency of Donald Trump has lurched from crisis to crisis since he took office less than two years ago, but Thursday was a landmark day of chaos that appeared to test the resolve of even…
Moscow is determined to ensure the implementation of the 2015 nuclear deal and will do all in its power to help counter the United States’ unilateral sanctions against Iran, a senior Russian…
Iran and Turkey on Thursday pledged to work closer to strengthen their economic relations despite US sanctions on Tehran and help end the fighting in Syria.
The special trade mechanism set up by India's UCO Bank for processing oil import payments from Iran became operational on Friday, an official at the Foreign Ministry in Tehran said.
According to the National Development Fund of Iran data, the sovereign wealth fund gave 27 trillion rials ($267 million) to agent banks for loans in the first quarter of current fiscal to June.…
Major Iranian copper producers extracted about 120 million tons of copper ores during the first eight months of the current fiscal year (March 21-Nov. 21), which indicates a 7% growth compared…
Agriculture Minister Mahmoud Hojjati and President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei signed a memorandum of understanding. The deal was signed…
About 99,000 tons of red meat were supplied by Iranian slaughterhouses in the summer of the current fiscal year (June 22-Sept. 22), more than 12,000 tons of which pertained to Tehran Province.…
Iran exported 2.38 million tons of bitumen worth $561 million during the first eight months of the current fiscal year (March 21-Nov. 21) registering a 7.46% decline in tonnage and a 16.15%…
Installed power generation capacity has exceeded 82 gigawatts. According to Paven, The Energy Ministry news portal, thermal power plants account for 68,000 MW of the total. The website said gas…
The Iranian flag carrier’s second regional flight with ATR 72-600 aircraft was operated on Thursday, leaving Tabriz International Airport in East Azarbaijan Province for Heydar Aliyev…
Water is a heavily subsidized commodity in Iran and while urban consumers pay 43% of its real price, only 23% of the production cost is paid by consumers in rural regions, says the director of…
The United States has granted Iraq a 90-day extension to an exemption from reimposed sanctions on Iran to keep on importing energy, a government source said on Thursday. President Donald Trump…
