Minister of Health Hassan Hashemi says Indian pharmaceutical companies will receive support from the Iranian government to facilitate their investment and activities in the country. Speaking at a joint meeting of Iran-India pharmaceutical industries and medical equipment in New Delhi on Friday, Hassan Hashemi said Iranian Ministry of Health has provided a package to facilitate […]

Data released by Iranian Mines and Mining Industries Development and Renovation Organization shows that the country’s trade surplus of minerals has observed a significant growth during the eight months of the current Iranian year, through Nov. 21. Iranian producers exported some 39.88 million tons of mineral products worth $6.87 billion during the eight-month span, registering […]

Iranian Oil Minister Bijan Namdar Zanganeh said the country has completely been exempted from a resolution by the Organization of the Petroleum Exporting Countries (OPEC) to reduce oil production. Speaking to the Islamic Republic of Iran Broadcasting (IRIB) on Thursday night, Zanganeh shrugged off the issue that Iran’s exemption from the OPEC resolution on oil […]

 Iranian Oil Minister Bijan Namdar Zanganeh deplored Pakistan’s inaction on completion of a gas pipeline under an agreement with Tehran, saying three foreign countries have put pressure on Pakistan to halt the project. Speaking at a televised talk show on Wednesday, Zanganeh said Pakistan has failed to construct even a single kilometer of the gas […]

Exports of textile has witnessed 28 percent increase since the beginning of the present Iranian calendar year (Mach 21, 2018) in comparison with the same time in the preceding year, IRNA quoted an official from Iranian Industry Ministry on Wednesday. According to Afsaneh Mehrabi, domestic textile industry has improved in imports and exports and installation […]

The managing director of Iran’s Power Generation and Distribution Company (known as TAVANIR) said Iran’s power industry needs six quadrillion rials (near $142.8 billion) to keep the country’s electricity infrastructure up with the rising demand, ISNA reported. According to Mohammad Hassan Motevalizadeh, since it has been estimated that for the next 10 years the country’s […]

Sergei Ryabkov, the Russian deputy foreign minister, has said that Europe’s special vehicle purpose (SPV) is essential to do business with Iran, ISNA reported on Wednesday. Ryabkov made the remarks in a meeting with Mehdi Sanaei, Tehran’s ambassador to Moscow. France and Germany have agreed to SPV which is a special payment channel created by […]

An Iranian trade official said the value of the country’s non-oil exports in the first eight months of the current Iranian year (began March 21) has exceeded $31 billion. Speaking to the Islamic Republic of Iran Broadcasting (IRIB), the head of the Trade Promotion Organization of Iran, Mohammad Reza Modoudi, said the total value of […]

An Iranian energy official highlighted a rapid growth in the number of renewable energy plants across the country, saying more and more capital is being funneled into the industry. Speaking at a press conference on Sunday, Mohammad Sadeqzadeh, director of Iran’s Renewable Energy and Electrical Energy Efficiency Organization, a subsidiary of the Energy Ministry, said […]

Iranian special courts for economic crimes have handed down prison sentences against 10 more men, including an Afghan national, for disrupting Iran’s economic system Speaking at a press conference on Sunday, Iranian Judiciary Spokesman Gholam Hossein Mohseni Ejei said 10 people have received prison sentences and heavy financial penalties in connection with economic disruption. He also […]