Tuesday, 18 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.

IME Achievements Highlighted 27 Apr 2019

IME Achievements Highlighted

TEHRAN - The CEO of Iran Mercantile Exchange (IME) on Wednesday highlighted the major programs of the IME for the current Iranian calendar year.

Skirting Oil Sanctions Is Very Difficult 25 Apr 2019

Skirting Oil Sanctions Is Very Difficult

TEHRAN – An expert on energy issues believes skirting the new U.S. sanctions on Iran’s oil exports is very difficult.

Forex Reserves in Good Condition 25 Apr 2019

Forex Reserves in Good Condition

TEHRAN – The Governor of Central Bank of Iran Abdolnasser Hemmati says the foreign exchange reserves of the country are in good condition and there is no need to worry.

US sanctions not to impact Chabahar Port project 24 Apr 2019

US sanctions not to impact Chabahar Port project

The strategic Chabahar port project, being developed by India in Iran, is a separate exception and will not be impacted by US President Donald Trump's decision not to renew exemptions that let eight countries including India to buy Iranian oil without facing tough American sanctions, a State Department official said as the Indian daily the Economic Times reported on Wednesday.

Export of goods through customs of Iran’s Qeshm island up by 139% 24 Apr 2019

Export of goods through customs of Iran’s Qeshm island up by 139%

More than 7,160 tons of products worth $3.31 million were exported through the customs of Iran's Qeshm island, one of the islands of Iran’s southern Hormozgan province last Iranian year (started on March 21, 2018), Director General of the Qeshm Customs Office of Hormozgan province Hossein Saidi said.

Forex market controlled for the nth time 24 Apr 2019
: CBI governor

Forex market controlled for the nth time

"The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management," the central bank governor Abdol-Naser Hemmati wrote on his Instagram on Wednesday.

Six reasons to purchase oil at IRENEX 23 Apr 2019

Six reasons to purchase oil at IRENEX

There are several advantages for purchasing oil from Iran Energy Exchange (IRENEX) including the lower prices, smaller cargoes, easy conditions for participating the market, clearing the payments in rial and exporting the purchased cargoes to all over the world.

Iran says U.S. can’t realize “Zero Iran oil” plan 23 Apr 2019

Iran says U.S. can’t realize “Zero Iran oil” plan

Following reports that the U.S. is planning to end the waivers on Iranian oil sanctions, a source with the Iranian oil ministry said Washington cannot drive Iranian oil exports to zero.

Trade at TSE, IFB up 80% in a year 23 Apr 2019

Trade at TSE, IFB up 80% in a year

The value of trades at Tehran Stock Exchange (TSE) and Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 80 percent during the past Iranian calendar year (ended on March 20, 2019), head of Iran’s Securities and Exchange Organization (SEO) announced.

Supply concerns drive oil prices to highest level since Nov. 2018 22 Apr 2019

Supply concerns drive oil prices to highest level since Nov. 2018

Oil prices rallied by more than 2% on Monday to levels not seen since November 2018 following the market's growing concerns that the US may not renew the sanction waivers on Iranian oil, which will end early May.