Iran has exported 20,917,000 tons of mineral products, valued at some $3.763 billion, in the first fourth month of current [Iranian calendar] year 1397 (March 21 – July 22). According to a report published by Islamic Republic of Iran Customs Administration (IRICA), Iraq, China and United Arab Emirates (UAE) had a total of 40 percent […]

 Deputy Managing Director for Ports and Economic Affairs at Iran’s PMO recounted that exports from Iranian ports show a 10 percent rise in the first 4 months of the year of 1397 vis-à-vis the same period in the last year. Statistics from Iranian ports show that exports from Iran has soared by 10 percent and […]

Deputy Minister of Energy for electricity and energy affairs Homayoun Haeri met with Armenian Minister of Energy Infrastructures and Natural Resources Arthur Gregorian on Friday, during his two-day visit to Yerevan. During the meeting, where Iran’s Ambassador to Yerevan Kazem Sajjadi was also in attendance, Haeri said “taking timely measures for setting up the third power […]

Chinese Foreign Minister Wang Yi said that his country is determined to continue and enhance bilateral ties with Islamic Republic of Iran. He made the remarks in a phone conversation with his Iranian counterpart Mohammad Javad Zarif on Friday. Describing Joint Comprehensive Plan of Action (JCPOA) as a significant achievement in the international arena, Wang […]

The latest five ATR turboprop aircraft entered service on Friday starting on busy domestic routes such as Tehran to Mashhad. IranAir took delivery of five more ATR turboprop aircraft only a day before the return of US illegal sanctions that have already torpedoed Iran’s plane purchases with other major providers. The planes that had left France’s Toulouse […]

Trade ministry in Seoul said Thursday that South Korea will extend financial support for companies affected by reimposed sanctions on Iran and explore business opportunities in alternative markets to minimize fallouts to the local economy. The Ministry of Trade, Industry and Energy convened a meeting with trade promotion agencies and banks, as well as local […]

Hemmati believes that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market. Central Bank of Iran’s Governor Abdolnasser Hemmati said the regulator’s policy under his watch continues to be non-intervention in the foreign exchange market. “We have said […]

South Korea’s imports of Iranian crude rose around 15% in July from a month earlier. South Korea shipped in 788,651 ton of crude oil from Iran last month, or 186,478 barrels per day, customs office data showed on Wednesday, up from 686,849 tons in June, Reuters reported. However, the East Asian country’s intake of Iranian […]

The use of the US dollar to put pressure on other countries will lead to the creation of an alternative world currency, costing the dollar its world currency status, a top Russian deputy told on Wednesday. Anatoly Aksakov, who heads the Russian State Duma Financial Committee, said the dollar gained its “world currency” status in […]

The two-year old Iran-Turkmenistan gas dispute has now officially been transferred to the International Court of Arbitration (ICA) and the court is expected to issue its verdict within two years. Türkmengaz authorities have now officially announced that due to failure of talks with Iran over the gas row, they have filed a lawsuit against Iran […]