TEHRAN – National Iranian Oil Company’s director for supervision of construction projects said the oil ministry has allocated 25 trillion rials (about $595.2 million) for development of oil-rich regions. As reported by IRIB on Sunday, Abdolhamid Emami noted that the mentioned fund will be allocated during a five-year period for financing construction and development projects […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has risen 35.5 percent since the beginning of current Iranian calendar year (March 21, 2018), Tasnim news agency reported on Sunday. The rising trend of TEDPIX began on June 13, which was named ‘Golden Wednesday of Stock Market’, when TEDPIX gained 2,767 points to stand at 99.146 […]

TEHRAN – The value of trade between Iran and Kazakhstan increased by 77 percent in the first six months of 2018 compared to the same period last year, IRNA reported on Sunday quoting Iranian ambassador in Astana as saying. Mojtaba Damirchilu made the remarks in a meeting with the Kazakh Prime Minister Bakytzhan Sagintayev in […]

Export of agricultural processing and complementary products in the first four months of the current Iranian year (March 21-July 21) registered a significant 21 and 36 percent growth as compared to the same period last year in value and weight, respectively. The report put the export value of agricultural processing and complementary products in the […]

 A deputy minister of Roads and Urban Development, Amir Amini, said Sat. that Iran’s railway network will be connected to the Eastern Mediterranean states. Negotiations have been held with the neighboring Iraq and Syria for connecting Iran’s railway network to the Eastern Mediterranean countries, Deputy Minister of Roads and Urban Development for Planning and Resources […]

TEHRAN- During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 512,158 million tons of commodities worth over $288 million were traded in Iran Mercantile Exchange (IME). Last week, on the domestic and export metal and mineral trading floor of IME, 116,152 million tons of various products worth near $55 […]

TEHRAN- The value of Iran’s minerals and mining exports stood at $3.763 billion during the first four months of current Iranian calendar year (March 21-July 22), according to data released by the Islamic Republic of Iran Customs Administration (IRICA). As the annual exports from this sector is planned to reach $10 billion in the current […]

TEHRAN- Writing on Twitter, governor of the Central Bank of Iran (CBI) clarified some of the bank’s recent taken measures and adopted policies and also made some promises to keep for improving domestic economy, IRIB reported on Saturday. Showing gratitude to all the financial, monetary and banking experts who have expressed their views about CBI’s […]

 Iran has exported 20,917,000 tons of mineral products, valued at some $3.763 billion, in the first fourth month of current [Iranian calendar] year 1397 (March 21 – July 22). According to a report published by Islamic Republic of Iran Customs Administration (IRICA), Iraq, China and United Arab Emirates (UAE) had a total of 40 percent […]

 Deputy Managing Director for Ports and Economic Affairs at Iran’s PMO recounted that exports from Iranian ports show a 10 percent rise in the first 4 months of the year of 1397 vis-à-vis the same period in the last year. Statistics from Iranian ports show that exports from Iran has soared by 10 percent and […]