Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI’s intervention in foreign exchange market, the rising trajectory of value for Iranian national currency rial has started. The CBI governor made the remarks after a meeting with economy commission of the Iranian Parliament on Sunday, during which important issues relevant to monetary and currency […]

Iran imported 42,925 tons of frozen beef, valued at $183.184 million, in the first five months of the current Iranian calendar year (March 21-August 21). Latest statistics from the Islamic Republic of Iran Customs Administration (IRICA) show that 42,925 tons of frozen beef, valued at about $183.184 million, were imported in the  the first five months of […]

Iran is one of the most influential members of the International Maritime Organization(IMO) and is always supporting this organizations’ activities, IMO Secretary General Kitack Lim said on Saturday. Making the remarks in a ceremony held in IRIB Conference Center in Tehran to mark the 70th anniversary of the establishment of IMO, Kitack Lim also appreciated […]

TEHRAN- The daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gul) will increase 56 million cubic meters (mcm) in the next Iranian calendar year (starting on March 21, 2018), according to the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing […]

 Chairman of Japan Chamber of Commerce and Industry (JCCI) Akio Mimura said that his country is ready to expand and broaden economic cooperation with the Islamic Republic of Iran in relevant fields. He made the above remark in his meeting with Iranian Ambassador to Japan Morteza Rahmani Movahed on Saturday and pointed to the amicable […]

 Presidents of three countries of Iran, Russia and Turkey agreed with one another to set aside US dollar in their transactions. With due observance to the said issue, ditching US dollar by the aforementioned three countries gained ground In an expert-level meeting held yesterday in the presence of presidents of Iran, Russia and Turkey, Iranian […]

Some 54 well-known Iranian companies are taking part at the 60th Damascus International Fair, Iranian ambassador to Syria . Calling the running exhibition a good chance for Iranian companies, Javad Torkabadi said that participating in Rebuild Syria project is a good opportunity for major Iranian private sector companies, active in industrial, construction, and infrastructure sectors, […]

Iranian Deputy Industry Minister Mohsen Salehinia said that there are about 80,000 production units in the country, of which 68,000 units are active. Of the mentioned number, 90 percent are small industrial units, six percent are medium-sized industrial units and four percent are large industrial units, the official said. The deputy minister further said that […]

Platform 14C of Iran’s South Pars gas field (in the Persian Gulf), which had been loaded at Sadra industrial yard in the southwestern province of Bushehr on September 1, was installed on its designated offshore spot on Wednesday, Shana reported. The 2,200-ton structure, which is the second platform of South Pars phase 14 of development, […]

 China’s crude imports from Iran in August have reached 874,000 b/d which is the highest record in oil trading of the two countries. The last record high was in April 2014 when china imported 803,000 b/d from Iran. As reported by S&P Global Platts, the imports in August included barrels directly shipped to China and […]