India’s Secretary of Economic Relations in the Ministry of External Affairs T. S. Tirumurti expressed New Delhi’s keenness on launching Chabahar-Zahedan, Khaf-Herat railroads as golden opportunities for trade between India, Iran, Afghanistan and Central Asian countries. During a trilateral meeting between senior officials from Iran, India and Afghanistan, which was held in Tehran on Tuesday, […]

Iran’s Ports and Maritime Organization (PMO) Managing Director Mohammad Rastad called for modifying and adjusting the transportation and customs tariffs between Iran, India and Afghanistan for the development and promotion of regional transit. Speaking in the first meeting on the International Transport and Transit Corridor Agreement Among the Governments of Iran, Afghanistan and India (also known […]

 Iran, India and Afghanistan are reviewing the progress on completing the Chabahar Port project that will provide India a critical transport link to Afghanistan bypassing Pakistan. The trilateral meeting is being held in Tehran, with a focus on fast-tracking the operations on development of Chabahar Port, which is considered a gateway to golden opportunities for India, […]

 Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the oil market doesn’t have the spare capacity to replace Iranian oil in case of U.S. re-imposition of sanctions on the country. “As I have repeatedly said there is no replacement for Iranian oil in the market. Saudi Arabia and Russia’s output is near their […]

 Nominal electricity generation capacity in Iran increased by 340 megawatts (MW) compared to the H1 (March 21-Septemebr 22) figure which was 79,325 MW, Tasnim news agency reported on Sunday. The mentioned figure for the added capacity was supplied from the newly operational distributed generation power plants, hydroelectric power plants, gas-fueled power plants, combined cycle power […]

Some €20 billion is needed to supply the required infrastructure for development of national railway network by March 2021, the Managing Director of Islamic Republic of Iran Railways (known as RAI) Saeed Mohammadzadeh announced in a meeting on Sunday, IRNA reported. “According to the set programs, 54 percent of the needed investments will be made […]

The recently appointed Head of Tehran Stock Exchange (TSE) Ali Sahraie revealed the state-run body’s new plans to develop Iranian capital market, Tasnim news agency reported on Sunday. “Improvement of listing procedures as well as IT environment besides adopting an international approach stand among the main future programs of TSE,” he said, “We have also […]

Iran’s VP Es’hagh Jahangiri said Sun. that Leader of Islamic Revolution has agreed to the withdrawal of $500 million from Iran’s sovereign wealth fund to support pharmaceutical companies. “$500 million will be withdrawn from the National Development Fund, and exchanged into rial to support domestic pharmaceutical companies. Leader approved the measure last week, and there’s […]

TEHRAN (Tasnim) – Iran’s nominal capacity to produce electricity has reached nearly 80,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past weeks. Since the beginning of the current Iranian year (March 21), Iran’s overall nominal capacity to generate electricity has increased by 1,005 MW. […]

 “Within the next few weeks, the procedure of injecting non-oil exports revenues into the foreign exchange secondary market will be lubricated to supply the required forex sources for imports,” the Public Relations Department of the Central Bank of Iran (CBI) quoted the bank’s Governor Abdolnaser Hemmati as saying on Saturday. According to Hemmati, €7.3 billion […]