Wednesday, 19 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.

Efforts Underway for Launching Iran-Singapore Trade Office 16 May 2021

Efforts Underway for Launching Iran-Singapore Trade Office

Head of the Iran-Singapore Joint Commercial Committee says in the past years the trade balance between Iran and Singapore has been mostly in favor of Singapore and in this period, Iran’s exports to Singapore have been limited to the limited amount of the non-oil items of dried-fruits, pistachio, dates and fig.

Iran, Armenia Trade Volume to Hit Over $1b 16 May 2021

Iran, Armenia Trade Volume to Hit Over $1b

Chairman of Iran-Armenia joint chamber of commerce Hervik Yarijanian said that once free trade zones are established at joint borders, the volume of mutual trade will reach over $1b.

Subsidy reform plan allocates $7.6b to support domestic production 15 May 2021

Subsidy reform plan allocates $7.6b to support domestic production

Managing Director of Iranian Organization of Targeted Subsidies has said that 320 trillion rials (about $7.61 billion) of the revenues earned from the government’s subsidy reform plan has been allocated for supporting domestic production in the current Iranian calendar year (started on March 21).

Cryptocurrency issues discussed at ICCIMA meeting 15 May 2021

Cryptocurrency issues discussed at ICCIMA meeting

The Macroeconomic Committee of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) hosted a meeting on Saturday to discuss the issues related to the exchange of cryptocurrencies in the country.

Development projects worth $1.47b inaugurated in free trade, special economic zones 15 May 2021

Development projects worth $1.47b inaugurated in free trade, special economic zones

President Hassan Rouhani on Thursday inaugurated numerous projects valued at 62 trillion rials (about $1.47 billion) in the free trade and special economic zones of five different provinces across the country in an online event.

NPC’s plan for diversifying petchem products underway 15 May 2021

NPC’s plan for diversifying petchem products underway

Managing director of National Petrochemical Company (NPC) said the company is seriously pursuing a plan for diversifying the product basket of the country’s petrochemical industry by implementing new projects in the downstream sector.

Iran to invest $5.3b in Afghanistan’s transport, infrastructure projects 15 May 2021

Iran to invest $5.3b in Afghanistan’s transport, infrastructure projects

Iran has reached a primary agreement with Afghanistan to invest $5.3 billion in the country’s transportation and infrastructure projects, an official with the Iranian Transport and Urban Development Ministry announced.

Tehranis must save 1,540MW of electricity in summer to prevent blackouts 15 May 2021

Tehranis must save 1,540MW of electricity in summer to prevent blackouts

Managing Director of Tehran Electricity Distribution Company said Iran's Power Generation, Distribution, and Transmission Company (known as Tavanir) has allocated 7,253 megawatts (MW) of electricity for Tehran province during summer, so considering the current consumption level Tehrani households must save 1,540 MW in summer to prevent blackouts.

On Reforms in Uzbekistan in the Field of Mass Media 12 May 2021

On Reforms in Uzbekistan in the Field of Mass Media

At the annual Address of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Oliy Majlis, it was noted that the media, along with objective coverage of large-scale changes taking place in country, attract the attention of government departments and the public to urgent problems on the ground and encourage leaders at all levels to eliminate these problems. Today the mass media are increasingly becoming the "fourth estate".

East Azarbaijan ranked 2nd in terms of reviving stagnant production units 11 May 2021

East Azarbaijan ranked 2nd in terms of reviving stagnant production units

Reviving 107 idle production units, East Azarbaijan province, in the northwest of Iran, was ranked the second in the country in terms of making such units active during the past Iranian calendar year (ended on March 20), a provincial official announced.