The Direct Reduction (DR) Factory No. 1 of Baft Steel Complex was inaugurated in Kerman province on Monday in the presence of Iranian President Hassan Rouhani.

TEHRAN (Iran News) – Foreign Direct Investment recorded that Iran FDI has reached to about 32 percent growth in the industrial sector in the first six months of the current year (from March 21 to Sept. 22). According to the statistics of the Ministry of Industry, Mine and Trade, about $762,600,000 worth of Foreign Direct […]

TEHRAN (Iran News) – Iranian Oil Bijan Namdar Zanganeh said the newly-discovered oilfield in Khuzestan, named Namavaran, has an estimated 53 billion barrels of in-place oil. Addressing reporters on Monday, the minister said the new discovery had added 22 billion barrels of crude oil to previous estimates of newly-discovered Namavaran oilfield, which stood at 31 […]

TEHRAN (Iran News) – The head of the Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi says the Islamic Republic is ready to exchange with the Persian Gulf countries its experience with regard to developing nuclear technology and cooperate with them. Iran’s nuclear chief made the remarks on Sunday while addressing a ceremony held […]

Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum said the country plans to start talks with the Eurasian Economic Union (EAEU) next year to establish a free trade agreement.

TEHRAN (Iran News) – The managing director of the Iranian Oil Refining Company said the company, the biggest Middle East and Iran bitumen export company, is sending the product to 19 countries. Speaking in a press conference on Saturday, Majid Azami said the Oil Refining Company is among the top ten brands of bitumen in […]

TEHRAN (Iran News) – Iranian Deputy Minister of Health, Treatment and Medical Education Mohammad Reza Shanehsaz emphasized that the country is able to produce nearly all its needed medicine despite the US sanctions. Iran’s self-sufficiency in medications is an achievement needed to be accomplished. Iran is currently able to produce %99 of medicine needed by […]

TEHRAN (Iran News)- Since the Indonesia-Dubai sea line is operating, the establishment of the Indonesia-Chabahar sea line can transform the southeastern Iran port into a regional tourism and transit hub. Deputy Head of Sistan-Baluchestan Cultural Heritage, Tourism and Handicrafts Department Mojtaba Mirhosseini told IRNA on Wednesday that Indonesian ambassador arrived in the province at the […]

TEHRAN (Iran News) – Iran’s representative in the World Chambers Federation Pedram Soltani said to ILNA that if the country does not take advantage of the last chance of the Financial Action Task Force (FATF), and it is blacklisted by the body, countries will become more sensitive for cooperating with Iran’s banking system. Speaking to […]

Tehran (Iran News) – Governor of the Central Bank of Iran (CBI) Abdol-Nasser Hemmati said on Monday that Iran’s economy stability returned while the US has employed banking sanctions, economic war, and also restricted Iran’s oil sale in the past year to make the Iranian economy implode. Abdol-Nasser Hemmati wrote on his Instagram page that […]