Foreign trade statistics in the first three months of the current Iranian year (March 21-June 21) shows that Islamic Republic of Iran conducted more than $3.1 billion trade exchanges with 11 European countries, accounting for 27.6 percent share of country’s total foreign trade volume. Statistical tables of the Islamic Republic of Iran Customs Administration (IRICA) […]

Iran’s OPEC governor, Hossein Kazempour Ardebili, said on Monday that the rise in Russia’s oil output runs contrary to global agreement for reduction of oil production and will endanger the long-term unity among oil producers.Criticizing Saudi Arabia and Russia for the oversupply, the official said the countries violated the global agreement on trimming the production, […]

TEHRAN – The Central Bank of Iran (CBI)’s new foreign currency package, approved by the Cabinet on Sunday evening, would come into effect on Tuesday, CBI governor announced in a televised interview on Sunday night. “The new package will expand domestic secondary market, where only 20 percent of non-oil exporters could offer their foreign currencies […]

A Director from Ukraine’s the International Chamber of Commerce ICC said that Ukraine has had about $ 550 million worth of exports to Iran between 2011 and 2017. The barriers to increasing exports and imports between the two countries [of Iran and Ukraine] should be removed,” said an officail from Ukraine’s International Chamber of Commerce (ICC) […]

The 18th Int’l Exhibition of Construction Industry started with the attendance of China, Germany, Turkey, Italy and Spain in Tehran. The event is to showcase architectural hardware, ceiling and wall coating, color, paste, construction machinery, consultants and contractors, decoration and design, doors and windows, electrical and electronic equipment, elevators, financial institute, floor covering, gas constructive […]

Iran has reached an agreement with a consortium of Chinese and Filipino firms under which the consortium will invest up to $7 billion in a project related to the country’s petrochemical industry. Investment Director of National Petrochemical Company, Hossein Alimorad, told reporters on Monday that a consortium of Chinese and Filipino firms is serious about making investments in Iran, and has registered its own […]

Governor of Central Bank of Iran, Abdolnaser Hemmati, said a new foreign currency package aimed at reigning in the currency rates will come into effect on Tuesday. Speaking in a televised interview Sunday night, the newly-appointed CBI governor, Abdolnaser Hemmati, discussed the country’s new foreign currency package which aims to reign in the currency rates […]

Iran’s Minister of Roads and Urban Development Abbas Akhoundi said that Tehran-Bandar Abbas railway project would be electrified, costing $3 billion dollars. Once the aforementioned railway project is put into operation, the country will witness a giant development in rail transport industry, he maintained. Speaking in an expert-level meeting in the presence of members of […]

The head of Iran Mine House says that Iran is among the countries that possess most mineral reserves. The head of Iran Mine House Mohamad Reza Bahraman made the remarks in a meeting with Ilam provincial governor on Sunday afternoon. “In terms of mineral deposits, our country is one of the top 10 countries in […]

The Cabinet session also tasked Ministry of Industry, Mine and Trade to update the list of the said goods and exert necessary supervisions to ensure that basic commodities are distributed among the public at the official rate. All the exchange dealers are allowed to sell currencies merely for passengers and services according to the CBI’s […]