During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 311.164 million tons of commodities worth over $381 million were traded in Iran Mercantile Exchange (IME). Last week, on the domestic and export metal and mineral trading floor of IME, 9,615 million tons of various products worth close to $63.4 […]

Production of gas was started in platform 14C of South Pars gas field (Iran shares with Qatar in the Persian Gulf), operator of phase 14 of developing the gas field announced on Saturday. Hamidreza Masoudi said platform 14C has the daily capacity of extracting 500 million cubic feet (14.1 million cubic meters) of sour gas, […]

Vincent B. Ssempijja, Uganda’s Minister of Agriculture, Animal Industries and Fisheries, called for increasing cooperation with Iranian companies in different fields of agriculture. In a Friday meeting with Iranian ambassador to Uganda Seyed Morteza Mortazavi, Ssempijja said that his country enjoys fertile soil, abundant water resources, and low-cost workforce, adding that Iranian companies can cooperate […]

 Iran and Afghanistan have held talks to build banking ties and expand commerce between the two countries, with a focus on facilitating the return of foreign currency from exports into the Islamic Republic. Seyed Hossein Salimi, deputy director of the Money and Capital Market Commission of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, […]

Governor of Central Bank of Iran (CBI) said Fri. that the EU’s financial mechanism to ease trade transactions with Iran will act as a bilateral monetary agreement, allowing exporters to receive their foreign exchange earnings through it. Abdolnaser Hemmati wrote in a post on Friday that the details of a new European Union mechanism to […]

 Islamic Republic of Iran Railways (also known as RAI) will hold a conference on investment making opportunities in the railway projects on November 12, a deputy at RAI announced. Nourollah Beyranvand, the deputy head of RAI for planning and investment, said, “Many railway projects have not achieved their goals due to lack of fund; so […]

 Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the country’s petroleum revenues had exceeded expectations by 25% in the first half of the current fiscal year (started on March 21). Zanganeh added that his ministry would exert every effort to counteract the outrageous US sanctions against the Islamic Republic in various ways. He also […]

The 5th International Exhibition of Bag, Footwear, Leather and Related Industries (MPEX 2018) and the 17th International Exhibition of Installation, Heating, Cooling, Ventilation, Air-Conditioning and Refrigeration (IHE 2018) became operational at the Tehran Permanent International Fairgrounds on Tuesday, IRIB reported. As reported, some 90 Iranian and foreign companies from countries like Turkey, India and China […]

Iran’s Energy Ministry plans to add 598 megawatts (MW) of new renewable power plants to the country’s current 650MW by the beginning of Iranian calendar’s next summer (June 21, 2019), IRNA reported on Tuesday. As planned, 102.4 megawatts capacity of wind power plants, 437 megawatts of solar power plants, 14.4 megawatts of biomass plants, 32.6 […]

 Iran, India and Afghanistan inked an agreement on transit of goods via Iran’s southeastern port of Chabahar in Tehran on Tuesday, IRIB reported. The agreement was signed by Mohammad Rastad, the head of Iran’s Ports and Maritime Organization (PMO), T.S. Tirumurti, the secretary of economic relations in India’s Ministry of External Affairs, and Imammohammad Warymoch, Afghanistan’s […]