Switzerland is close to launching a payments channel to let companies sell food, medicine, and medical devices to Iran in the face of US sanctions. According to the Financial Times, the Swiss initiative has US approval and rivals EU’s promised trade mechanism that is said to bypass US sanctions against Iran. According to the report, Bern’s […]

More than 12,000 kilometers of roads and railways are currently under construction throughout the country, Iran’s Deputy Transport Minister Kheirollah Khademi announced on Tuesday. Khademi, who is also the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC), made the remarks in a press conference on the sidelines of the 3rd edition […]

 The director of National Iranian Oil Company (NIOC)’s Discovery Department said new oil and gas fields have been discovered in the country during the past two years, IRNA reported on Tuesday. “The details of the discoveries will be revealed by the Oil Ministry.” Saleh Hendi said. According to the official, there are currently about 40 […]

Iran’s airspace remains open to all international flights, including U.S. airliners, but most European countries refuse fuel to Iranian planes, an official has said. “Iran’s sky is open to all countries, except Israel,” head of the Iranian Civil Aviation Organization (CAO) Ali Abedzadeh said, Press TV reported on Tuesday. Currently, American airplanes are also passing […]

Iran exported 2.381 million tons of tar worth $561 million during the eight months of the current fiscal (March 21- Nov. 21), a senior official the Islamic Republic of Iran Customs Administration (IRICA) said on Tuesday. According to Alireza Dashtani, customs inspector of the southern Hormozgan province, the figure indicates 16% growth in value and […]

Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 21) has risen 14.2 percent compared to the same period of time in the previous year, ISNA reported on Monday citing the data released by the Central Bank of Iran (CBI). As reported, Iranian government has received 750 trillion […]

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, […]