Iranian Oil Minister Bijan Namdar Zanganeh said Mon. that the French Total has left South Pars project, adding that negotiations are underway to find a replacement. “Total has officially left South Pars Phase 11 deal after two months that it announced it would do so,” Bijan Namdar Zanganeh said in an open session in Iranian […]

Iran and Armenia signed a Memorandum of Understanding on joint production of agricultural machinery, Iran’s commercial attaché to Armenia said on Sunday. Mohsen Rahimi said that an Iranian company has inked an MoU with Armenia’s business development fund to jointly manufacture agricultural machinery in the Armenia. The agreement was signed with Armenian deputy minister of […]

TEHRAN – National Iranian Oil Company’s director for supervision of construction projects said the oil ministry has allocated 25 trillion rials (about $595.2 million) for development of oil-rich regions. As reported by IRIB on Sunday, Abdolhamid Emami noted that the mentioned fund will be allocated during a five-year period for financing construction and development projects […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has risen 35.5 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Sunday. The rising trend of TEDPIX began on June 13, which was named ‘Golden Wednesday of Stock Market’, when TEDPIX gained 2,767 points to stand at 99.146 […]

TEHRAN – The value of trade between Iran and Kazakhstan increased by 77 percent in the first six months of 2018 compared to the same period last year, IRNA reported on Sunday quoting Iranian ambassador in Astana as saying. Mojtaba Damirchilu made the remarks in a meeting with the Kazakh Prime Minister Bakytzhan Sagintayev in […]

Export of agricultural processing and complementary products in the first four months of the current Iranian year (March 21-July 21) registered a significant 21 and 36 percent growth as compared to the same period last year in value and weight, respectively. The report put the export value of agricultural processing and complementary products in the […]

 A deputy minister of Roads and Urban Development, Amir Amini, said Sat. that Iran’s railway network will be connected to the Eastern Mediterranean states. Negotiations have been held with the neighboring Iraq and Syria for connecting Iran’s railway network to the Eastern Mediterranean countries, Deputy Minister of Roads and Urban Development for Planning and Resources […]

TEHRAN- During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 512,158 million tons of commodities worth over $288 million were traded in Iran Mercantile Exchange (IME). Last week, on the domestic and export metal and mineral trading floor of IME, 116,152 million tons of various products worth near $55 […]

TEHRAN- The value of Iran’s minerals and mining exports stood at $3.763 billion during the first four months of current Iranian calendar year (March 21-July 22), according to data released by the Islamic Republic of Iran Customs Administration (IRICA). As the annual exports from this sector is planned to reach $10 billion in the current […]

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday. Showing gratitude to all the financial, monetary and banking experts who have expressed their views about CBI’s […]