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.

Oil exports rising despite US sanctions, says CBI governor 26 Jun 2019

Oil exports rising despite US sanctions, says CBI governor

Governor of the Central Bank of Iran, Abdolnaser Hemmati, said Wed. that despite sanctions and US’ efforts to undermine Iran’s oil sector, the country’s oil exports are on the rise.

‘Foreign vessels passage through Iranian waters ongoing’ 26 Jun 2019

‘Foreign vessels passage through Iranian waters ongoing’

Head of Iran’s Ports and Maritime Organization (PMO) said all major foreign shipping companies are passing through Iran's waters on their normal basis and Iranian ports are also operating as before. As reported by IRNA, Mohammad Rastad made the remarks on the sidelines of a ceremony on the occasion of World Hydrography Day in Tehran on Tuesday.

CGT for more productivity, less reliance on oil income 26 Jun 2019

CGT for more productivity, less reliance on oil income

In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.

Iran to offer incentives for foreign investments of over $250,000 26 Jun 2019

Iran to offer incentives for foreign investments of over $250,000

Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Tuesday that the government is providing especial facilities for foreign companies that bring in over $250,000 of investment into the country, IRNA reported.

ESCO in Touch With 15,000 Suppliers of Parts and Raw Material 26 Jun 2019

ESCO in Touch With 15,000 Suppliers of Parts and Raw Material

TEHRAN – The CEO of Esfahan Steel Company (ESCO) Eng. Mansur Yazdizadeh says the company is to boost its current amount of its cast iron production from 3m to 4m tons in 2020.

Goods exports volume from Astara railway at $4bn in Q1 25 Jun 2019

Goods exports volume from Astara railway at $4bn in Q1

Statistics showed that $4 billion worth of products were exported from Astara Railway in the first three months of the current Iranian year (March 21 – June 21).

Iran repairs oil supertanker for first time in country 25 Jun 2019

Iran repairs oil supertanker for first time in country

For the first time in the history of Iran’s shipping industry and in line with supporting domestic industry, repairing supertanker of the National Iranian Tanker Company (NITC) became operational in domestic repair yards.

Majlis passes bill for boosting gas condensate, oil refining capacity 25 Jun 2019

Majlis passes bill for boosting gas condensate, oil refining capacity

Iranian Parliament has approved the generalities of a bill for increasing the capacity of the country’s oil and gas condensate refineries by domestic investment, IRNA reported.

IRISL ranks 14th among world’s top 100 shipping lines 25 Jun 2019

IRISL ranks 14th among world’s top 100 shipping lines

Islamic Republic of Iran Shipping Lines (IRISL) is ranked 14 in Alphaliner’s latest list of world’s top 100 shipping lines published on June 20, Tasnim news agency reported on Monday.

Zanganeh denies reports of decline in Iran’s oil exports 25 Jun 2019

Zanganeh denies reports of decline in Iran’s oil exports

Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that reports about recent declines in Iranian oil exports are not true.