Farzaneh Sharafbafi, the managing director of Iran Air, Iran’s national flag carrier, said on Monday that Iran expects EU to get the U.S. approval for extending the Treasury’s Office of Foreign Assets Control (OFAC)’s license for importing the airplanes Iran bought from Airbus. Speaking in a press conference, the official mentioned the deals Iran Air […]

 The second platform of Iran’s South Pars gas field’s phase 13 of development was installed on its designated offshore spot on Monday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced. The first platform of this phase was installed on its offshore spot on December […]

 Chinese Deputy Foreign Minister Zhang Jun said that Beijing is interested in developing and enhancing its relationship with the Islamic Republic of Iran especially in trade and economic ties. He made the above remark in an interview with IRNA correspondent and stated, “economic field is one of the most important areas of forging relationship between […]

In a ceremony on Sunday, Tehran Stock Exchange (TSE) officially launched futures contract, a new financial instrument in Iran’s capital market. Futures contracts (more colloquially, futures) are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. The ceremony to launch the futures contract, […]

The 3rd edition of Iran’s Logistics, Transportation, and Related Industries Exhibition (IRAN TRANS EXPO 2018) kicked off on Sunday at Tehran’s Imam Khomeini Mosalla, the portal of Transport and Urban Development Ministry reported. Senior officials including the Roads and Urban Development Minister Mohammad Eslami and his deputies attended the opening ceremony. Over 263 companies active […]

 Iran exported 2.31 million tons of fruits and vegetables worth $866 million during the past eight months of the current fiscal (March 21- Nov. 21), a senior official at Iran’s Trade ‎Promotion Organization (TPO) said. Mahmoud Bazari, the director general of the exports coordination office at TPO for agro crops and processing industries’ products, said […]

OPEC members have shown that they can reach agreements regarding oil production despite having intense political and even military disputes, said Iranian Oil Minister Bijan Zanganeh on Saturday. “OPEC, as a third world organization, has shown the capacity in which members can negotiate and reach important results regarding their common interests despite having the most […]

 Iranian carmakers manufactured 57,627 vehicles in the eight Iranian calendar month, Aban (October 23-November 21), ISNA reported on Saturday. The number of manufactured cars in Aban indicates a 57-percent decrease from 135,402 cars manufactured in the same month of the preceding year. During the first eight months of the current Iranian calendar year (March 21 […]

 In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran’s only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically. After years of negotiation, Iran has awarded the development project of this port […]

 During weekdays ending up to December 13, while, 313,311 million tons (MT) of commodities worth over $309.5 million were traded on Iran Mercantile Exchange, the trading volume and value experienced a growth of 50 and 35 percent, respectively. According to the report from IME International Affairs and Public Relations Department, last week, on the domestic […]