Iranian lawmakers passed single urgency on a bill for using domestic financial messaging system that once finalized, will require the Central Bank to ink bilateral or multilateral monetary agreements with at least 24 countries in the world. The single urgency bill was passed by 103 votes in favor, 67 votes against and seven abstentions during […]

TEHRAN- The €1.2-billion project for electrification of Garmsar–Incheboron railway in Iran was officially inaugurated on Monday, IRIB reported. As reported, senior officials from Iran’s Transportation Ministry, the Islamic Republic of Iran Railways (known as RAI), and JSC Russian Railways attended the inauguration ceremony which was held through video conference in Tehran. The electrification of the […]

Franco-Italian passenger aircraft manufacturer, ATR, confirmed that it is seeking new export license from the US Treasury Department to allow it to deliver the final 12 ATR 72 planes already purchased by Iran. According to ainonline, ATR, Franco-Italian passenger aircraft manufacturer, confirmed that it has applied for a new export license from the US Treasury Department’s […]

The president of the Swiss-Iranian Chamber of Commerce and Industry has announced Bern’s support for helping Iran’s financial transactions despite risk of US sanctions. According to Deutche Welle Radio, Simon Tiberius Fundel, said that Switzerland will take measures to facilitate Iran’s economic activities when the United States sanctions come into effect. Tiberius Fundel, who made […]

 Naser Behzad, the Commercial Attaché at the Iranian Embassy in Baghdad, announced an increase of 13% in Iran’s non-oil exports to Iraq. Behzad said on Tuesday that the value of non-oil exports to Iraq in the first quarter of current year was also up 3 percent from the same period last year; Iran’s share of […]

The Iranian president has said that the US cannot go ahead with its plan of stemming Iran’s oil exports, calling on the American to go ahead with their plans if they can. “The Americans claim that they want to completely block Iran’s oil exports to zero but they don’t understand what they are saying because […]

Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekehzare denied any talk with Italy’s FIAT Automobiles and said that France’s PSA has not yet announced its exit from Iran’s lucrative car market officially. In response to a question on the details of talks between Italy’s FIAT automobiles and Iran’s leading car manufacturing company ‘IKCO’, […]

Iran exported more than 2,28 million barrels of crude oil per day and more than 330,000 barrels of gas condensate in June. According to the statistics for June, 2018, Iran exported more crude oil this year compared to the same period last year. The country exported 2.11 million bpd last June, indicating more than 150,000 […]

 Ministry of Industry, Mine and Trade reported that 18.8 million tons of non-oil goods, valued at $7.7 billion, were exported from the country in the first two months of the current Iranian calendar year in 1397 (March 21-May 21), showing a considerable 4.8 and 21.9 percent growth in terms of weight and value respectively as […]

In a letter, Iran’s oil minister has called on the OPEC to prevent some members from increasing their oil output without seeking consensus with other members. According to Iranian Oil Ministry website SHANA, the Oil Minister Bijan Zangeneh sent a correspondence to OPEC President HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of […]