TEHRAN (Iran News) – Deputy Minister of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI) Hamid Zaadboom said on Sat. that his organization will send commercial attaché to the United Arab Emirates (UAE). Dispatching commercial envoy to UAE has been put atop agenda of Trade Promotion Organization of Iran (TPOI), […]

Iran Exports Medicine TEHRAN (Iran News) – Iran exports medicine to countries in Europe, Africa and Central Asia, the country’s health minister said. In an interview with ICANA, Saeed Namaki said Iranian pharmaceutical producers have raised standards in their plants to the extent that the Islamic Republic has become a supplier of medicine in the […]

TEHRAN (Iran News) – High-ranking Iranian and Chinese officials in a meeting in Tehran reviewed avenues to further broaden relations between the two countries in customs and trade fields. Chinese Ambassador to Iran Chang Hua in a meeting with Iran Customs Administration Governor Mehdi Mirashrafi examined a new plan to expand customs cooperation and facilitate […]

TEHRAN (Iran News) – In its latest report, World Bank (WB) forecast that Iran’s economy will move out of downturn in 2020. Although Iran’s economy will experience negative growth by the end of 2019 but it [Iran] can experience its first positive economic growth in next year after the recent sanctions imposed against the country. […]

TEHRAN (Iran News) – Iran’s Minister of Industry, Mine and Trade said the country is going to be self-sufficient in heavy tire production. Speaking in Ardabil, Reza Rahmani said on Saturday that Iran will become fully self-sufficient in manufacturing heavy tires as soon as four major tire factories come into operation in different provinces. Iran […]

TEHRAN (Iran News) – The Governor of the Central Bank of Iran said the import of foodstuff and medicine into the country has not run into trouble despite the US sanctions. In an address to a conference on global economy and sanctions, Iran’s top banker, Abdonnaser Hemmati said the necessary arrangements have been made to […]

TEHRAN (Iran News) – Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September. And on last Monday, the minister announced the start of the banking system reform in the […]

TEHRAN (Iran News) – 70 tons of Iran’s saffron export, valued at $78 million during the first five months of the current Iranian calendar year (March 21-August 22), according to an official in the Ministry of Agriculture. The delicate purple leaves of the Crocus sativus plant hold just three or four of the even more […]

The head of Iran’s Plan and Budget Organization highlighted efforts to reduce the country’s reliance on oil revenues and said the national budget of the next Persian calendar year (March 2020 – March 2021) will not be dependent on oil incomes at all.

TEHRAN (Iran News) – Iran has discovered an important offshore gas field in its southern region, according to a report on Wednesday. The offshore gas field has been discovered 3,900 meters deep in the ground, and it is said to be capable of production for 16 years of gas consumption in capital Tehran. Seyed Saleh […]