A Director from Ukraine’s the International Chamber of Commerce ICC said that Ukraine has had about $ 550 million worth of exports to Iran between 2011 and 2017. The barriers to increasing exports and imports between the two countries [of Iran and Ukraine] should be removed,” said an officail from Ukraine’s International Chamber of Commerce (ICC) […]

The 18th Int’l Exhibition of Construction Industry started with the attendance of China, Germany, Turkey, Italy and Spain in Tehran. The event is to showcase architectural hardware, ceiling and wall coating, color, paste, construction machinery, consultants and contractors, decoration and design, doors and windows, electrical and electronic equipment, elevators, financial institute, floor covering, gas constructive […]

Iran has reached an agreement with a consortium of Chinese and Filipino firms under which the consortium will invest up to $7 billion in a project related to the country’s petrochemical industry. Investment Director of National Petrochemical Company, Hossein Alimorad, told reporters on Monday that a consortium of Chinese and Filipino firms is serious about making investments in Iran, and has registered its own […]

Governor of Central Bank of Iran, Abdolnaser Hemmati, said a new foreign currency package aimed at reigning in the currency rates will come into effect on Tuesday. Speaking in a televised interview Sunday night, the newly-appointed CBI governor, Abdolnaser Hemmati, discussed the country’s new foreign currency package which aims to reign in the currency rates […]

Iran’s Minister of Roads and Urban Development Abbas Akhoundi said that Tehran-Bandar Abbas railway project would be electrified, costing $3 billion dollars. Once the aforementioned railway project is put into operation, the country will witness a giant development in rail transport industry, he maintained. Speaking in an expert-level meeting in the presence of members of […]

The head of Iran Mine House says that Iran is among the countries that possess most mineral reserves. The head of Iran Mine House Mohamad Reza Bahraman made the remarks in a meeting with Ilam provincial governor on Sunday afternoon. “In terms of mineral deposits, our country is one of the top 10 countries in […]

The Cabinet session also tasked Ministry of Industry, Mine and Trade to update the list of the said goods and exert necessary supervisions to ensure that basic commodities are distributed among the public at the official rate. All the exchange dealers are allowed to sell currencies merely for passengers and services according to the CBI’s […]

 According to the latest report published by the Islamic Republic of Iran Customs Administration (IRICA), the weight of nonoil products exported to a group of European countries have increased 91% in the past four months compared to the same period last year. The report says that Iran’s nonoil exports to 10 EU members including Lithuania, Czech […]

Minister of Industry, Mine and Trade Mohammad Shariatmadari said that Iran’s steel production capacity has increased from 122 million tons to over 200 million tons since the Government of Hope and Prudence came to power in 2013.The 80-ton increase indicates the high capabilities of Iranian engineers and experts, he said. Addressing inaugural ceremony of concentration […]

Five new European ATR passenger aircrafts landed in Tehran’s Mehrabad airport Sunday morning amid the US official rhetoric on strict measures against Iran.With the five aircrafts joining the Iranian flag carrier airline, Iran Air, the number of the ATR 72-600 planes delivered to Iran reached 13. Iran Air’s Director General Farzaneh Sharafbafi has recently traveled […]