The 5th International Exhibition of Bag, Footwear, Leather and Related Industries (MPEX 2018) and the 17th International Exhibition of Installation, Heating, Cooling, Ventilation, Air-Conditioning and Refrigeration (IHE 2018) became operational at the Tehran Permanent International Fairgrounds on Tuesday, IRIB reported. As reported, some 90 Iranian and foreign companies from countries like Turkey, India and China […]

Iran’s Energy Ministry plans to add 598 megawatts (MW) of new renewable power plants to the country’s current 650MW by the beginning of Iranian calendar’s next summer (June 21, 2019), IRNA reported on Tuesday. As planned, 102.4 megawatts capacity of wind power plants, 437 megawatts of solar power plants, 14.4 megawatts of biomass plants, 32.6 […]

 Iran, India and Afghanistan inked an agreement on transit of goods via Iran’s southeastern port of Chabahar in Tehran on Tuesday, IRIB reported. The agreement was signed by Mohammad Rastad, the head of Iran’s Ports and Maritime Organization (PMO), T.S. Tirumurti, the secretary of economic relations in India’s Ministry of External Affairs, and Imammohammad Warymoch, Afghanistan’s […]

 India’s Secretary of Economic Relations in the Ministry of External Affairs T. S. Tirumurti expressed New Delhi’s keenness on launching Chabahar-Zahedan, Khaf-Herat railroads as golden opportunities for trade between India, Iran, Afghanistan and Central Asian countries. During a trilateral meeting between senior officials from Iran, India and Afghanistan, which was held in Tehran on Tuesday, […]

Iran’s Ports and Maritime Organization (PMO) Managing Director Mohammad Rastad called for modifying and adjusting the transportation and customs tariffs between Iran, India and Afghanistan for the development and promotion of regional transit. Speaking in the first meeting on the International Transport and Transit Corridor Agreement Among the Governments of Iran, Afghanistan and India (also known […]

 Iran, India and Afghanistan are reviewing the progress on completing the Chabahar Port project that will provide India a critical transport link to Afghanistan bypassing Pakistan. The trilateral meeting is being held in Tehran, with a focus on fast-tracking the operations on development of Chabahar Port, which is considered a gateway to golden opportunities for India, […]

 Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the oil market doesn’t have the spare capacity to replace Iranian oil in case of U.S. re-imposition of sanctions on the country. “As I have repeatedly said there is no replacement for Iranian oil in the market. Saudi Arabia and Russia’s output is near their […]

 Nominal electricity generation capacity in Iran increased by 340 megawatts (MW) compared to the H1 (March 21-Septemebr 22) figure which was 79,325 MW, Tasnim news agency reported on Sunday. The mentioned figure for the added capacity was supplied from the newly operational distributed generation power plants, hydroelectric power plants, gas-fueled power plants, combined cycle power […]

Some €20 billion is needed to supply the required infrastructure for development of national railway network by March 2021, the Managing Director of Islamic Republic of Iran Railways (known as RAI) Saeed Mohammadzadeh announced in a meeting on Sunday, IRNA reported. “According to the set programs, 54 percent of the needed investments will be made […]

The recently appointed Head of Tehran Stock Exchange (TSE) Ali Sahraie revealed the state-run body’s new plans to develop Iranian capital market, Tasnim news agency reported on Sunday. “Improvement of listing procedures as well as IT environment besides adopting an international approach stand among the main future programs of TSE,” he said, “We have also […]