The Iranian parliament (Majlis) on Sunday gave approval to a bill on the establishment of 12 new special economic zones and also eight new free trade zones. The bill, which also includes revising the status of three existing FTZs, was passed with 141 votes in favor, 75 against and 7 abstentions. The new FTZs will […]

 Homayoun Ha’eri, the Iranian Deputy Energy Minister for Electricity and Energy reassured on Sunday that Iran will experience no power outage in the next summer. “With infrastructures provided and also activating potentials for generating extra 5,000 megawatts of electricity we will assuredly have no power outage in the next summer,” said Homayoun Ha’eri, the Iranian […]

Japanese wholesalers are seeking exemption from Iranian oil embargo, which is going to be implemented on November. The US administration unilaterally withdraw from Joint Comprehensive Plan of Action (JCPOA) on May 2018 and reimposed sanctions against Iran. Trump has called all nations to suspend importing of Iranian crude by November, or elsewhere, they will suffer […]

Commander of Khatam al-Anbia Construction Base says that Iran has built a large ship with the capacity of 113,000 tones and building 3 more other ships are underway. Brigadier General Ebadollah Abdullahi, Commander of Khatam al-Anbia Construction Base, told reporters in the southern port city of Bushehr on Saturday morning that “so far two berth at South […]

The Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh announced that Iran and Iraq have agreed to eliminate US dollar from trade transactions between the two countries. “US dollar has been removed from the list of currencies used by Iran and Iraq in their trade transactions and they are using Iranian rial, euro and Iraqi […]

Some 10.818 million tons of goods were loaded and unloaded at the ports of Iran during the past Iranian calendar month Mordad (July 22-August 22), indicating 16.9 percent fall compared to the same month of the past year, Tasnim news agency reported citing the data released by the Ports and Maritime Organization (PMO). Loading and […]

 Iran exported €125 million of pistachio to Europe during the first half of 2018, with 19 percent increase compared to the same period of time in the past year, European Union’s statistics agency Eurostat has reported. According to Eurostat, Iran’s export of pistachio to Europe during the first half of 2017 stood at €105 million, […]

India will not completely halt Iranian oil imports and will finalize its strategy on crude purchases from Tehran after a meeting with top U.S. officials next week, a senior government official said. U.S. Secretary of State Mike Pompeo and Defense Secretary Jim Mattis will hold high-level talks with India’s Foreign Minister Sushma Swaraj and Defence […]

 Iran produced 98,800 tons of red meat during spring of this year which was the first quarter of current Iranian calendar year (March 21-June 21). The figure shows eight percent decrease compared to the figure of last year’s first quarter. A total of 429,000 tons of red meat were produced in Iran’s officially registered slaughterhouses […]

French Finance Minister Bruno Le Maire said that France and Germany are cooperating to create financing mechanisms in order to bolster Europe’s sovereignty and sidestep US sanctions against a host of countries, including Iran. “With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid […]