Economy
Iran says ready for new investment in its oil sector
The Iranian Oil Ministry has issued a statement saying that it would welcome any offer for foreign investment in its oil and…
Iran says forex situation improved by diplomatic overtures
The Central Bank of Iran (CBI) says the foreign exchange situation in the country has been improved by diplomatic overtures with Saudi…
Iran, Afghanistan to expand trade ties: envoy
Iranian Ambassador to Kabul Hassan Kazemi Qomi announced that Iran and Afghanistan are going to increase the volume of trade exchanges. Referring…
Iran, Iraq to launch three joint industrial towns: Economy minister
The Iranian Minister of Economic Affairs and Finance said three joint industrial towns between Iran and Iraq will be launched in the…
OPEC reports increased Iranian oil output in February
ran’s production of oil increased in February by an average of 17,000 barrels per day (bpd), according to the latest figures by…
Iran’s energy exchange reports record sale of LPG shipments
Iran Energy Exchange (IRENEX) has reported a yearly record sale for three shipment of liquefied petroleum gas (LPG) amid reports suggesting Iran’s…
Iran, Belarus ink co-op MOU on Halal industries
Iran and Belarus have signed a memorandum of understanding (MOU) to cooperate in Halal industries, IRNA reported. The MOU was signed by…
Iran, Iraq to resume construction of Shalamcheh-Basra railway
The CEO of the Iran Railway Company has announced that Iran and Iraq have reached an understanding on two issues of resuming…
Iran, Belarus ministers stress expanding industrial coop.
Iranian and Belarusian industry ministers discussed ways of developing bilateral relations in the field of industries in a meeting in Tehran on…
Pakistan, Iran sign deal to raise power exchange to 200 MW
Iran and Pakistan have signed a new electricity exchange agreement under which the volume of power traded between the two neighbors will…
Iran’s economy grew by 5.3% in December quarter: CBI
Figures by the Central Bank of Iran (CBI) show the country’s economy grew by 5.3% year on year in the three calendar…
Iran oil exports hit highest level since re-imposition of US sanctions in 2018
Iranian Oil Minister has said the country’s exports of crude oil have registered their highest level since 2018, after the US unilaterally…
Iran present in oil, gas exploration in 4 neighboring countries
The director of exploration of National Iranian Oil Company (NIOC) stated that currently Iran has oil and gas exploration relations with four…
Raisi hails Iran progress in medical science amid sanctions
Iran’s President Raisi has hailed the progress Iranian scientists have made in the field of medical science despite decades of sanctions, particularly…
More than 607000 people benefit from Bank Melli Iran’s interest-free loan
To maintain and improve the admirable interest-free tradition, and also to respond to emergency and small financial needs, BMI always considers the…
Tehran hosting Iran-West Africa economic co-op meeting
Scientific and Economic Cooperation Meeting Between Iran and West African Countries (IRAN WAC) kicked off in Tehran on Monday and will wrap…
Qatari Trade Delegation in Iran to Boost Investment
The Trade Promotion Organization of Iran (TPOI) announced on Monday that a large Qatari trade delegation has traveled to Iran for talks…
Iran to start up newly-discovered lithium mines by 2025
An official from Iran’s Ministry of Industry, Mine and Trade (MIMT) says the country will be able to extract lithium from two…
Iran opens big trade center, permanent fair in Kabul
Iran’s trade center and permanent exhibition was opened in Kabul as a big step for the development of trade relations between Iran…
Iran, Oman sign MoU on oil production cooperation
Iran and Oman signed a memorandum of understanding for cooperation in the upstream and downstream oil production, Iranian oil minister said on…
Iran-Venezuela direct shipping route launched: Iran embassy
Iran’s embassy in Caracas has announced the official launch of a direct shipping route between the Islamic Republic and Venezuela to enhance…
Iran energy minister hopes D-8 could return to its core missions
Iranian Energy Minister Ali Akbar Mehrabian says politics has overshadowed the D-8 Organization for Economic Cooperation as he expresses hope that the…
Bank of Russia Chief expected to visit Iran soon
Bank of Russia’s Chief Elvira Nabiullina is expected to visit Iran in the near future, Ambassador of the Islamic Republic in Moscow,…
South Pars 14th Phase refinery inaugurated
The 14th phase of the South Pars Refinery was inaugurated on Thursday in the presence of Iranian President Ebrahim Raisi. Iranian Oil…
Iranian firm unveils home-made polyurethane foam for use in car seats
An Iranian company has unveiled a home-made polyurethane foam for use in automobile seats, an initiative that is expected to enable the…
Tehran, Moscow discuss delivery of chemicals,oil, gas to Iran
Moscow and Tehran discussed the prospects for supplies of medical and oil and gas equipment, as well as chemical products to Iran,…
Iran discovers its first lithium ore deposit
Iran has announced the discovery of its first lithium ore deposit amid extensive exploration activity in the country’s metals and mining sector.…
Gazprom CEO visits Iran to push through $40 billion deal
Gazprom CEO Alexey Miller was expected to arrive in Tehran on Tuesday to meet Iran’s oil and gas officials and discuss the…
Iran’s rial rebounds from historic low amid heavier CBI intervention
Iran’s rial currency has rebounded from historic lows reported in recent days after the country’s central bank intervened to control the prices…
Iran-EU trade hit €5.2 billion
Iran and the European Union’s 27 member states traded €5.23 billion worth of goods in 2022, registering a 7.95% rise compared with…
Iran-India trade exchanges hit $2.5 bn: report
The trade exchanges between the Islamic Republic of Iran and India have hit $ 2.5 billion in 2022, an Indian source reported.…
Iran deputy FM goes to Columbia for talks on bilateral ties
Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani arrived in Bogotá, the capital city of Colombia to discuss developing bilateral…
Iran’s trade with Caspian Sea littoral states exceeds $3b
Iran’s trade with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion. According to the Islamic Republic of Iran…
Iran eyes $2bn worth of dairy exports to China until 2025
Iran expects to earn some $2 billon from exports of dairy products to China in the next two years as part of…
Iran’s Saipa signs €450mn deal to start car exports to Russia
Iran’s second largest carmaker Saipa has finalized a contract to launch exports to Russia. Saipa’s CEO Mohammad Ali Teymouri and businessmen from…
China to offer $8.1bn in investment, finance to Iran’s agriculture projects
China will offer $8.1 billion worth of investment and finance to various agriculture projects in Iran based on agreements reached between the…
Iran, Turkmenistan discuss expansion of energy cooperation
On the sidelines of the 14th Specialized Economic Exhibition of the Islamic Republic of Iran in Ashgabat, the Iranian and Turkmen delegations…
Iran launches new private airline despite aviation sanctions
Iran has launched a new private airline despite American sanctions targeting the country’s civil aviation sector. Senior government officials from Iran’s ministry…
Great potential in Iran-Belarus coop. in manufacturing field
Belarusian Industry Minister Aleksandr Rogozhnik said that cooperation with Iran in the manufacturing sector has great potential. Aleksandr Rogozhnik made the remarks…