The Advisor to President and Secretary of the Supreme Council of Free and Special Economic Zones says the UAE earns some $20b annually for bunker fuel and in fact offering services to the ships and vessels in the Persian Gulf which move towards Fujairah Port and unfortunately major part of the bunk fuel of the UAE is provided by the ships which smuggle fuel from Iran to Fujairah.

Oil Minister Javad Owji has predicted that there will be good news related to cooperation with Russia in the energy sector as the Islamic Republic pursues a policy of neutralizing illegal U.S. sanctions through enhancing ties with friendly countries.

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive deals which the two countries are going to start signing in the coming months.Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive deals which the two countries are going to start signing in the coming months.

Iran and Syria have reached primary agreements for the establishment of a joint free zone and a joint bank, Iranian Transport and Urban Development Minister Rostam Qasemi announced.

Iran’s business transaction with 15 neighboring countries in the last nine months has increased year-on-year (YOY) 18 percent in weight and 42 percent in value, Head of the Islamic Republic of Iran Customs Administration (IRICA) said on Thursday.

President Ebrahim Raisi officially inaugurated a first super heavy oil refinery in Iran on Friday as the country moves ahead with plans to develop its massive petroleum sector despite sanctions imposed by the United States.

Iranian Transport and Urban Development Minister Rostam Qasemi has traveled to Syria to discuss expansion of economic cooperation and trade ties between the two countries, the portal of the Transport and Urban Development Ministry reported.

Roads and Urban Development Minister Rostam Ghasemi says Iran is determined to expand its trade ties with Syria.

Wednesday was  the eighth anniversary of the Islamic Revolution Guards Corps (IRGC) Navy’s capture of two American navy ships in the Persian Gulf, where US Navy sailors were forced to kneel down before Iranian naval forces after trespassing into Iranian territorial waters.

Iran National Tax Administration (INTA) is going to start collecting taxes on vacant houses as of the next Iranian calendar month (begins on January 21), Tasnim reported on Monday, quoting an official with Transport and Urban Development Ministry.