Some South Korean companies and Iranian officials discussed the potentials of Iran’s market after US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in a special session held in Gidong, South Korea. The session entitled ‘the perspective of Iran-South Korea ties’ was held on Saturday with Iran’s ambassador to Seoul Hassan Taherian and representatives of some […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on the last day of the fifth Iranian calendar month of Mordad (August 22) stood at 9.7 percent, Tasnim news agency reported on Friday. Inflation rate in the mentioned period shows one percent rise from the figure of the […]

TEHRAN- The capacity of generating electricity from renewable resources in Iran will reach 1100 megawatts (MW) by the end of the current Iranian calendar year (March 20, 2019), IRIB reported. “With the new 450 MW of under-construction power plants being added to the current capacity, the capacity of renewable power plants this year will reach […]

TEHRAN – The administration of President Hassan Rouhani has provided some 63,000 residential units since it took office in August 2013 for financially struggling families under coverage of the Imam Khomeini Relief Foundation and the Welfare Organization, Anoushirvan Mohseni-Bandpey, labor ministry’s caretaker, has said. “Some 1,550 residential units will also be given to families having […]

An agreement on economic cooperation between Russia’s Volgograd and Iran’s Mazandaran was signed Tue. by governors of the two provinces during a Russian delegation visit to Iran. A Russian delegation comprising 40 people from Volgograd, a city in southwest Russia, visited the Iranian northern province of Mazandaran on Tuesday during which the two sides signed […]

The volume of trade between Tehran and Nairobi has reached $ 167 million, Iran ambassador to Kenya told MNA, adding that the bilateral trade could reach $ 500 million. Iranian ambassador to African country of Kenya Hadi Farajvand told Mehr News Agency correspondent that the black continent has become a ground for competitions among the […]

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the US, Reuters reported Tuesday. The shift demonstrates that China, Iran’s biggest oil customer, wants to keep buying […]

Executive Acting Secretary General of Japan’s Liberal Democratic Party Koichi Hagiuda pointed to the age-old relationship between Iran and Japan and said, “Japan is interested in boosting and expanding political-economic ties with the Islamic Republic of Iran.” He made the remark in his meeting with the Ambassador of the Islamic Republic of Iran to Japan […]

TEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI). Making the remarks among the reporters on the sidelines of the meeting of the Economic Committee of Majlis (Iranian parliament) on Sunday, the official said: “The secondary market […]

CEO of the National Iranian Oil Products Distribution Company (NIOPDC) in Chabahar region Mostafa Nakhaei said that the first tanker for transporting oil gas with the capacity of carrying 50 million liters of oil gas docked in Quay No. 5 of Shahid Beheshti Port. He pointed to the infrastructures created in Chabahar region and said, […]