Tuesday, 18 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.

Sanctions Deprived Iran of $100b in Oil Revenues 04 Sep 2021

Sanctions Deprived Iran of $100b in Oil Revenues

New Oil Minister Javad Owji says the "tyrannical" U.S. sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.

Tehran, Nairobi to Launch Direct Cargo Flight by End of 2021 02 Sep 2021

Tehran, Nairobi to Launch Direct Cargo Flight by End of 2021

During a webinar on reviewing the trade capacities and opportunities of Iran and Kenya on Tuesday, it was announced that the direct cargo flight will be launched between the two countries by the end of 2021.

Over 4m tons of basic goods stored at Iranian ports 01 Sep 2021

Over 4m tons of basic goods stored at Iranian ports

Head of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad says over four million tons of basic goods are already stored at the country’s ports, the PMO portal reported on Wednesday.

Former CBI governors stress bank’s authority in economic decisions 01 Sep 2021

Former CBI governors stress bank’s authority in economic decisions

The former governors of the Central Bank of Iran (CBI) have said the president should not intervene in the country’s specialized economic decisions which are mainly made by the CBI, Mehr News Agency reported.

POGC to begin new drilling operations in South Pars gas field 01 Sep 2021

POGC to begin new drilling operations in South Pars gas field

Iran’s Pars Oil and Gas Company (POGC), which is in charge of developing the country’s giant South Pars gas field in the Persian Gulf, is preparing to begin new drilling operations in this field, an official with the company announced.

Reaching 8% economic growth possible 01 Sep 2021

Reaching 8% economic growth possible

Head of Iran’s Planning and Budget Organization (PBO) has said achieving an eight percent economic growth is possible if the government manages the budget properly and implements correct planning, IRNA reported.

Forex Price Continuing Its Downward Trend 01 Sep 2021

Forex Price Continuing Its Downward Trend

 The Governor of Central Bank of Iran Akbar Komijani says the country in recent days has seen the decline in the forex rate in the market as a U.S dollar is being currently traded at around 260,000 rials while it had hit 280,000 rials.

Turkey Is Iran’s Biggest Rival in Kurdistan Region Market 01 Sep 2021

Turkey Is Iran’s Biggest Rival in Kurdistan Region Market

Head of Sanandaj Chamber of Commerce says if the statesmen want to materialize the goal of boosting trade exchange with countries, the embassies and foreign ministry should focus on economic diplomacy and the number of commercial counselors in the target export markets should be more than political ones.

Loading, unloading of goods in ports up 14% 31 Aug 2021

Loading, unloading of goods in ports up 14%

  Loading and unloading of goods in the ports of Iran rose 14 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of the previous year, the portal of the Ports and Maritime Organization (PMO) reported.

Tehran hosting Islamic banking conference 31 Aug 2021

Tehran hosting Islamic banking conference

  Iran’s 31st Islamic Banking Conference kicked off at the place of the Central Bank of Iran (CBI) in capital Tehran on Tuesday, IRIB reported.