According to the latest report published by the Islamic Republic of Iran Customs Administration (IRICA), the weight of nonoil products exported to a group of European countries have increased 91% in the past four months compared to the same period last year. The report says that Iran’s nonoil exports to 10 EU members including Lithuania, Czech […]

Minister of Industry, Mine and Trade Mohammad Shariatmadari said that Iran’s steel production capacity has increased from 122 million tons to over 200 million tons since the Government of Hope and Prudence came to power in 2013.The 80-ton increase indicates the high capabilities of Iranian engineers and experts, he said. Addressing inaugural ceremony of concentration […]

Five new European ATR passenger aircrafts landed in Tehran’s Mehrabad airport Sunday morning amid the US official rhetoric on strict measures against Iran.With the five aircrafts joining the Iranian flag carrier airline, Iran Air, the number of the ATR 72-600 planes delivered to Iran reached 13. Iran Air’s Director General Farzaneh Sharafbafi has recently traveled […]

 As Azerbaijani national currency Manat gains strength against Iranian Rial, more people from the northern neighboring country are eager to visit Iran. As the Iranian Rial loses its value against foreign currencies, the costs of services and commodities become cheaper for citizens of neigbouring countries such as Iraq and Azerbaijan, sparking a huge increase in […]

The Director General of Kermanshah Customs Administration Khalil Heydari revealed the considerable 89% rise in imports from provincial borders in the first four months of the current year (March 21-July 21). About 6,558 tons of commodities worth $10,596,543, were imported into the western province of Kermanshah during the first four months of the current Iranian […]

Five new planes manufactured by Franco-Italian turboprop planemaker ATR will land at Tehran Mehrabad Airport on Sun. morning to join the national flag carrier IranAir fleet. According to Iran Civil Aviation Organization, the National Airline of the Islamic Republic of Iran – Iran Air – will receive five new ATR planes tomorrow, as part of […]

Iran’s export of products to Brazil in the first four months of the current Iranian calendar year (March 21-July 21) showed a significant 25-fold increase as compared to the same period last year. According to the latest statistics of the Islamic Republic of Iran Customs Administration (IRICA), 34,124 tons of products, valued at $14,894,000, were […]

Germany’s central bank, the Bundesbank, has revised its regulations to stop Iran from withdrawing €320 million ($400 million) in cash from the country’s bank accounts, the German newspaper BILD disclosed. Under the new conditions, the Bundesbank can stop cash transfers that violate U.S. Treasury sanctions, Germany’s measure to stop cash delivery to Tehran comes at […]

The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trump’s efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord. Beijing has, however, agreed not to ramp up purchases of Iranian crude, according […]

Germany’s Deutsche Bank passed a new financial policy on Wednesday which will prevent any money transfer to Iran in cash. The bank has expanded its regulations so as to include a section on “cash payment transfers,” German daily Bild reported. Tehran had requested to withdraw €300 million cash from its bank accounts in Germany earlier in July. […]