Thursday, 20 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

$35b in Engineering Services Exported by Iran Over Three Decades 22 Dec 2024

$35b in Engineering Services Exported by Iran Over Three Decades

TEHRAN - The Secretary of the Iranian Construction Companies Syndicate announced that Iranian companies and the private sector have exported $35 billion worth of engineering and technical services since 1995.

5% Share of Knowledge-Based Products in National Exports 21 Dec 2024

5% Share of Knowledge-Based Products in National Exports

TEHRAN - The head of Iran's Trade Development Organization announced that in 2023, knowledge-based companies accounted for 2.6% of the total export weight and 5% of the export value.

Gas Overconsumption in Iran: 3.3 Times the Global Average; Saving 50 Million Cubic Meters Possible 21 Dec 2024

Gas Overconsumption in Iran: 3.3 Times the Global Average; Saving 50 Million Cubic Meters Possible

TEHRAN - The CEO of the National Iranian Gas Company (NIGC) revealed that Iran's gas consumption is 3.3 times the global average, emphasizing that adopting efficient usage practices could save 50 million cubic meters of natural gas daily.

Iran-Egypt Trade Sees 67% Growth 21 Dec 2024

Iran-Egypt Trade Sees 67% Growth

TEHRAN - The spokesman for the Trade Development Commission of Iran's Industry, Mine, and Trade House reported a trade volume of $17.186 million between Tehran and Cairo over the past eight months, marking a 67% increase compared to the same period last year.

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies 17 Dec 2024

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies

Currency Suppression Undermines Competitive Edge of Knowledge-Based Companies TEHRAN (Iran News) TEHRAN – Minister of Economic Affairs and Finance, Abdolnasser Hemmati, highlighted the detrimental effects of currency suppression on the competitive capabilities of knowledge-based companies in the country. Speaking on December 17, 2023, during a press conference held after the signing ceremony of a memorandum of […]

Caspian Sea int’l cruise route to be launched soon: Iranian official 17 Dec 2024

Caspian Sea int’l cruise route to be launched soon: Iranian official

The Deputy for Maritime Affairs at Iran's Ports and Maritime Organization has expressed hope that the Caspian Sea international cruise route along its coasts will be launched within the next three months.

Iran’s aluminum ingot output surpasses 400k mt in 8 months 14 Dec 2024

Iran’s aluminum ingot output surpasses 400k mt in 8 months

The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has reported that Iran's aluminum ingot production exceeded 400,000 metric tons (mt) from March 20 to November 20, 2024.

EAEU minister says trade with Iran important for union 14 Dec 2024

EAEU minister says trade with Iran important for union

A high-ranking official at the Eurasian Economic Commission (ECC) Board has said that an agreement reached with Iran regarding free trade is vital for the Eurasian Economic Union (EAEU) as the country is a key partner in the union’s southern borders.

Japan to help Iran resolve differences with FATF 12 Dec 2024

Japan to help Iran resolve differences with FATF

Japan has vowed to carry out efforts to help Iran advance its case in the Financial Action Task Force (FATF), according to an Iranian deputy finance minister.

Iran’s trade with EAEU member states hits $5 bln 12 Dec 2024

Iran’s trade with EAEU member states hits $5 bln

An official at Trade Promotion Organization of Iran (TPOI) has said that the country’s trade with the Eurasian Economic Union (EAEU) reached $5 billion.