Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that two large plants for production of aluminum and copper will be put into operation in the country by the end of current Iranian calendar year (March 20, 2019). Mehdi Karbasian also said that the 300,000-ton capacity aluminum plant in the south […]

The head of Cultural Heritage, Handicrafts and Tourism Organization said Sunday that the number of foreign tourists to Iran has risen by 38 percent during the first four months of current [Iranian calendar] year 1397 (starting March 21), compared to the same period last year. Last year (March 2017 – March 2018), some 5.1 million […]

Director General of Trade Promotion Organization (TPO) of Iran’s Arabic-African Affairs Office Farzad Piltan announced that Iranian firms plan to participate in Rebuild Syria Exhibition which is going to be held on October 2-6, in Damascus, the portal of TPO reported on Sunday. The Iranian official voiced TPO’s readiness for setting proper ground for participation […]

 The project for implementing phase 14 of developing South Pars gas field, which Iran shares with Qatar in the Persian Gulf, has already achieved 82 percent progress, according to the operator of this phase.Hamidreza Masoudi also said that phase 14 enjoys the most Iranian technical and engineering capabilities among the similar projects, Public Relations Department […]

 Brazilian Development Bank (BNDES) is planning to open a $1.2-billion credit line to continue trade with Iran and also investment making in the country, Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced. He made the remarks in a meeting in Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) building, which was attended by […]

 The Iranian parliament (Majlis) on Sunday gave approval to a bill on the establishment of 12 new special economic zones and also eight new free trade zones. The bill, which also includes revising the status of three existing FTZs, was passed with 141 votes in favor, 75 against and 7 abstentions. The new FTZs will […]

 Homayoun Ha’eri, the Iranian Deputy Energy Minister for Electricity and Energy reassured on Sunday that Iran will experience no power outage in the next summer. “With infrastructures provided and also activating potentials for generating extra 5,000 megawatts of electricity we will assuredly have no power outage in the next summer,” said Homayoun Ha’eri, the Iranian […]

Japanese wholesalers are seeking exemption from Iranian oil embargo, which is going to be implemented on November. The US administration unilaterally withdraw from Joint Comprehensive Plan of Action (JCPOA) on May 2018 and reimposed sanctions against Iran. Trump has called all nations to suspend importing of Iranian crude by November, or elsewhere, they will suffer […]

Commander of Khatam al-Anbia Construction Base says that Iran has built a large ship with the capacity of 113,000 tones and building 3 more other ships are underway. Brigadier General Ebadollah Abdullahi, Commander of Khatam al-Anbia Construction Base, told reporters in the southern port city of Bushehr on Saturday morning that “so far two berth at South […]

The Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Eshagh announced that Iran and Iraq have agreed to eliminate US dollar from trade transactions between the two countries. “US dollar has been removed from the list of currencies used by Iran and Iraq in their trade transactions and they are using Iranian rial, euro and Iraqi […]