The total value of mobile phones imported into Iran during the first six months of the current Iranian year (through Sep. 22) amounted to $242.692 million. According to data released by Islamic Republic of Iran Customs Administration (IRICA), the number indicates a 54% year-on-year increase in cellphone imports in terms of value. This is while […]

Over 95 percent of necessary equipment and parts in Iran’s water and wastewater industry are being produced inside the country, head of Iran’s Water & Wastewater Engineering Company known as ABFA said. “More than 95 percent of water related facilities and 90 percent of sewage equipment and industrial parts, except for sludge management, are being […]

Some 250.975 billion shares worth 723.329 trillion rials (about $17.222 billion) have been traded in Tehran Stock Exchange (TSE) since the beginning of current Iranian calendar year (March 21), IRIB reported on Saturday. As reported, the shares were traded through 14.137 million deals. Some 164.388 billion shares were traded through 7.480 million deals in the […]

 India is going to continue buying Iranian oil in November despite the U.S. sanctions, Reuters reported citing sources close to the Indian oil industry. “Refiners have placed November nominations to lift 1.25 million tons (about 9 million barrels) of oil from Iran,” Reuters quoted a source as saying. As reported, Indian Oil Corp will lift […]

 Iranian ministry of agriculture and Turkey’s ministry of agriculture and forestry inked three memorandums of understanding (MOUs) on Wednesday for cooperation in various fields, IRNA reported. Covering different areas including veterinary, beekeeping and forestry, the agreements were signed during the seventh meeting of the Strategic Committee for Agricultural Cooperation between the two countries in Tehran. […]

Iranian crude oil exports to India in September rose by 111,000 barrels per day (bpd) to 502,000 bpd compared to the figure for August, ADTV reported citing traders and shipping intelligence firm Kpler. According to the report, Indian buyers reduced U.S. crude purchases and loaded up on Iranian oil ahead of the restart of U.S. […]

In a meeting between Iranian Central Bank Governor Abdolnaser Hemmati and his Russian counterpart Elvira Nabiullina in Moscow on Thursday, the two sides stressed the need for the expansion of banking cooperation between Iran and Russia. Using national currencies of the two countries in bilateral trade was the main pivot of the negotiations between the […]

 The Secretary-General of Iran-Iraq Chamber of Commerce Sayed Hamid Hosseini said Tue. that Iran’s exports to Iraq recorded a new high, as $55 million worth of commodities was exported to the neighboring country on Monday. “This year, Iran’s exports to Iraq has been growing and during the first four months of this Iranian year (beginning on […]

 Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said excluding Iran from the global oil market could have “serious effects” on oil prices. “I am not an expert on this. But I think it is obvious and everybody is predicting that if Iran is out of the (global oil) market, it would have […]

 Iranian Mapna Group Company signed a memorandum of understanding (MOU) with Syrian Public Establishment of Electricity for Generation (PEEG) on Tuesday for constructing a 540 megawatt (MW) combined cycle power plant in Syrian port city of Latakia, IRNA reported. The MOU was signed by PEEG’s Managing Director Mahmoud Ramadan and MAPNA Group’s Managing Director Abbas […]