News
2024-11-20
Iran’s foreign trade at $72bn in 7 months to late October.
Head of Iran’s Export Confederation, Mohammad Lahouti, has announced that Iran's foreign trade has reached $72 billion in the first seven months of the Iranian calendar year (March 20 – October 21, 2024).
2024-11-20
Iran-Venezuela Joint Economic Committee meeting kicks off in Caracas.
The 10th meeting of the Iran-Venezuela Joint Economic Committee opened in Caracas on Monday with representatives of dozens of public and private companies and institutions, along with government officials from both countries in attendance.
2024-11-20
Iran steel output hits over 12 million tons in 7 months.
The Iranian Steel Producers Association (ISPA) announced that the country’s total production volume of steel products reached 12.847 million tons in the first seven months of the current Iranian calendar year (started Mar. 21).
2024-11-19
Iran launches direct cargo flight to UAE to import electronic, ICT equipment.
Iran has launched direct cargo flights to the United Arab Emirates in an effort to import electronic as well as information and communication technology (ICT) equipment.
2024-11-19
IOTC improving oil terminal infrastructure in Kharg Island.
The head of Iranian Oil Terminals Company (IOTC) said his company is implementing new projects to improve oil export infrastructure at Kharg Island, IRNA reported.
2024-11-19
Enhancing transit coop. between Iran, Tajikistan ‘essential’.
The chief executive of the Islamic Republic of Iran Railways (RAI) has stressed the need for increasing the transport and transit cooperation between Iran and the Republic of Tajikistan.
2024-11-18
The 18th Session of the Iranian House of Representatives.
Focus on the Review of the Budget Bill 1404 from the Perspective of Influence on the Activities of the Private Sector: During this session, in addition to current economic issues such as the challenge of energy supply to industries, the review of the issues of the Budget Bill 1404 that affect the...
2024-11-18
Iran’s foreign trade up 39% in one month.
Iran’s foreign trade in the Iranian month of Mehr (September 21 to October 22) registered a 39 percent growth compared to the same period last year, an official at Iran’s House of Industry, Mine and Trade announced.
2024-11-18
Pezeshkian emphasizes prioritizing maritime-oriented economy in development plans
President Masoud Pezeshkian referred to the government's prioritization of the maritime-oriented economy and the importance of the prosperity of this sector on the country's growth, development and prosperity, and stated that the government is determined to implement maritime-oriented...
2024-11-17
Arab states willing to invest in Iranian oil sector.
Chief Executive of Iranian Fuel Conservation Organization (IFCO) Hossein Hosseinzadeh said the Arab governments have shown high interest in investing in the Iranian oil sector.
2024-11-17
Free Trade Between Iran-EEU Approved by Armenian Parliament.
The Armenian parliament has approved the free trade agreement between Iran and the Eurasian Economic Union.
2024-11-17
Iran, Uzbekistan discuss expansion of railway co-op.
The head of the Islamic Republic of Iran Railways (RAI) has announced Iran's readiness to transport 10 to 15 million tons of rail freight annually from Sarakhs, Incheh Borun, Amir-Abad, Caspian and Astara crossings.
2024-11-17
Iran’s foreign trade up 39% in one month.
Iran’s foreign trade in the Iranian month of Mehr (September 21 to October 22) registered a 39 percent growth compared to the same period last year, an official at Iran’s House of Industry, Mine and Trade announced.
2024-11-17
Facilitating the trade process for retail exporters.
The head of the Iranian Trade Development Organization, during his trip to Kurdistan, said: The head of the Iranian Trade Development Organization, stressing the need to facilitate the trade process for small exporters, said that it is illegal to impose laws aimed at creating chaos in the trade...
2024-11-13
Aiming to transfer 25% of the country's ports' cargo by rail transport.
The CEO of the railway stood up; Jabar Ali Zakari, CEO of the Islamic Republic of Iran Railways Company, on the sidelines of the investment memorandum ceremony for the construction of an industrial railway line between the Islamic Republic of Iran Railways Company and Isfahan Petropalysh Holding,...
2024-11-13
Iran, Russia Serious Intention to De-Dollarization.
Kazem Jalali, Iran’s Ambassador to Russia, in an exclusive interview with Iran Press said that Iran and Russia like other member countries of BRICS had been trying to use their currencies in mutual trades instead of the US Dollars.
2024-11-13
Dollar, SWIFT completely removed from Iran-Russia trade.
Iran has completely removed the US dollar from its trade transactions with Russia, according to the country’s chief banker, amid growing economic cooperation between the two countries that are subject to Western sanctions.
2024-11-12
Iranian, Russian payment networks connected.
Russia’s Mir payment network and Iran’s Shetab payment system were connected in a ceremony on Monday, as the two countries are increasing their financial cooperation.
2024-11-12
CIS states show interest in purchasing wagon from Iran.
The chief executive of the Islamic Republic of Iran Railways (RAI) announced the agreement of the CIS member countries to purchase wagons from Iran.
2024-11-11
noon today; Mir Russia joins Iran's momentum.
Governor General of the Central Bank: Today, Monday, November 21, at noon, at an official ceremony in the presence of the Governor General of the Central Bank and a group of bank CEOs, the Russian Mir network will be connected to the Iranian banking network (Shatab).
2024-11-11
Planning the interaction of businessmen and economic activists from Iran and Oman.
Secretary of the Supreme Council of Free and Special Economic Zones: Reza Masrour, Secretary of the Supreme Council of Free and Special Economic Zones, said in the meeting with Parvaneh Mafi, Senior Advisor to the Joint Chamber of Commerce and Oman Iran, held at the Secretariat of the Supreme...
2024-11-11
Bitcoin Hits Record High Amid Pro-Crypto Wave Following Trump's Election.
Bitcoin surged past $81,000 on Monday, setting a new record as optimism grows around a pro-crypto regulatory landscape expected under US President-elect Donald Trump and a Congress with strong cryptocurrency backing.
2024-11-11
President Pezeshkian Outlines Key Directives to Boost Makran Coast Development.
In a session held this morning, President Masoud Pezeshkian presided over a strategic review meeting focused on maritime-centered development initiatives, with particular emphasis on the coastal region of Makran in southern Iran.
2024-11-11
No impact on Iranian economy with Trump’s election win.
Governor of the Central Bank of Iran (CBI), Mohammad-Reza Farzin says Donald Trump’s victory as the next US president has nothing to do with Iran's economy or its financial growth.
2024-11-11
Iran’s aluminum ingot output surpasses 350k tons in 7 months.
The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that Iran’s aluminum ingot production surpassed 350,000 tons in the period between March 21 to October 21, 2024.
2024-11-10
Aref's emphasis on building an underwater tunnel between Iran and Qatar.
First Vice President in meeting with the new Qatari ambassador to Tehran: The two countries are following this major project and the Islamic Republic of Iran has appointed a specialized working group for preliminary studies.
2024-11-10
Iran, Sudan to Establish Trade Center in Khartoum.
Meeting with the Sudanese Minister of Finance, Iran's Minister of Industry, Mine, and Trade discussed the formation of a joint economic commission to expand the trade operations between the two countries.
2024-11-10
Iran, Uzbekistan decide to jointly invest in petrochemicals.
Iran and Uzbekistan have decided to make a joint investment in producing petrochemical products.
2024-11-10
Iran’s nominal power generation capacity rises 1.5% in H1.
The nominal capacity of Iran’s power plants reached 93,798 megawatts (MW) in the first six months of the current Iranian calendar year (March 20-September 21), 1406 MW or 1.5 percent more than the figure for the previous year’s same period.
2024-11-10
Apple export stands at $124m in 7 months.
Iran exported $124 million of apples in the first seven months of the current Iranian calendar year (March 20-October 21), the Islamic Republic of Iran Customs Administration (IRICA) reported.
2024-11-09
BRICS is an opportunity for Iran's non-oil economy and creates added value.
The Director General of Iran's Trade Development Organization for Europe and America said: BRICS is an opportunity for Iran's non-oil economy and creates added value, and we are following this issue in the Trade Development Organization to promote and develop this type of export.
2024-11-09
Iran, Sudan Seek to Strengthen Economic Ties.
Holding a meeting, the Iranian and Sudanese Ministers of Finance talked about the expansion of economic relations between the two countries.
2024-11-09
Iran, Uzbekistan decide to jointly invest in petrochemicals.
Iran and Uzbekistan have decided to make a joint investment in producing petrochemical products.
2024-11-09
Iran, China discuss expansion of trade ties in China Intl. Import Expo.
Iran is attending China International Import Expo (CIIE) in a bid to increase the export of Iran-made goods and services, also expand economic and trade relations with China.