Saturday, 26 April , 2025
  • Iran, Russia Strengthen Ties Through North-South Corridor and Energy Cooperation 26 Apr 2025

    Iran, Russia Strengthen Ties Through North-South Corridor and Energy Cooperation

    TEHRAN - Iran and Russia are accelerating efforts to deepen bilateral cooperation, focusing on strategic transit routes, gas transportation, and trade development. Speaking at the 18th session of the Iran-Russia Permanent Commission for Economic Cooperation, Iranian Ambassador to Russia Seyed Kazem Jalali highlighted what he called a “golden era” in relations between the two neighboring nations.

Iran’s economy grows 2.9% in H1 fiscal year 24 Dec 2024

Iran’s economy grows 2.9% in H1 fiscal year

Iran’s gross domestic product (GDP) expanded by 2.9% year-on-year in the first half of the current Iranian calendar year (March 20 – September 21), according to a new report from the country’s central bank.

Structural Reforms Needed in Oil Refining Sector 23 Dec 2024

Structural Reforms Needed in Oil Refining Sector

TEHRAN - The First Vice President of Iran emphasized the need for structural reforms in the oil refining sector, calling for the adoption of high-tech solutions and the talents of the country’s skilled youth.

Turkish Capital Markets Regulator Welcomes Expanded Cooperation With Iranian Exchanges 23 Dec 2024

Turkish Capital Markets Regulator Welcomes Expanded Cooperation With Iranian Exchanges

TEHRAN - During the sidelines of the "GEM Committee" meeting in Turkey, the Iranian delegation, led by the representative of Iran's Securities and Exchange Organization (SEO), presented an official letter from Hojjatollah Seyedi, the head of Iran’s SEO, to his Turkish counterpart. This letter emphasized Iran's readiness for bilateral cooperation in areas of mutual interest, which was warmly received by the Turkish side.

Iran annual inflation rate down 0.6% to 32.5% in December 23 Dec 2024

Iran annual inflation rate down 0.6% to 32.5% in December

Iran's annual inflation rate for the calendar month to late December dropped to 32.5%, marking a 0.6 percentage point decline compared to the previous month, the Statistical Center of Iran (SCI) reported on Sunday.

Iranian Contractors Exit Syria, Turks Take Lead in Global Markets 22 Dec 2024

Iranian Contractors Exit Syria, Turks Take Lead in Global Markets

TEHRAN - Iraj Golabtonchi, Secretary of the Syndicate of Iranian Construction Companies, spoke at a press conference for the Annual National Conference of the International Concrete Institute (ACI) Iran Branch and the National Conference on Concrete and Earthquakes. Discussing the involvement of Iranian companies abroad and the export of technical and engineering services, he stated that since 1995, Iranian contractors have undertaken $35 billion worth of projects globally.

$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 […]