TEHRAN- Iran’s Industrial Development and Renovation Organization (IDRO) plans to implement some 54 projects using 660 trillion rials (about $14.73 billion) of investments by March 20, 2022, the organization’s Head Mansour Moazzami announced on Saturday. As IRNA quoted him as saying, implementation of these projects, which are aimed at supporting production and job creation in […]

Political, Security and Social Deputy Governor-Generalship of Hormozgan Province Behrouz Akrami here on Saturday pointed to the significant status of this province in economic and trade activities of the country and said, “according to statistics, more than 56 percent of products in the country is imported and exported through this province. As a trade and […]

TEHRAN- Some 3,000 semi-finished governmental projects are ready to be offered to the private sector, an official announced. As IRNA quoted Ali Abdolalizadeh, the chairman of task force for transferring semi-finished governmental projects to the private sector, completion of these projects requires five quadrillion rials (about $111.11 billion) of finance. In addition to the named […]

TEHRAN – Malaysia’s Port Klang hosted the first meeting between Iranian and Malaysian officials focusing on potentials of Iranian ports especially Chabahar Port in southern Iran. As reported by IRNA, held on Friday, the meeting was attended by representatives of Malaysian maritime and logistics sectors, including shipping, warehouses, packaging and consulting. As part of Iran-Malaysia’s […]

TEHRAN- Iranian banks gave 6.42 quadrillion rials (about $102.3 billion) of facilities to domestic economic sector during the 10 months ending to January 20, 2018, which shows eight percent growth in comparison with the same time span in the previous year, ILNA reported on Wednesday. In the said period, Iranian banks could manage to offer […]

TEHRAN – Total has created a comprehensive database of Iranian contractors and equipment manufacturers to maximize the use of Iranian capacities in the development of phase 11 of Iran’s South Pars gas field, Shana reported on Wednesday quoting an oil official. According to Habibollah Bitaraf, the Iranian deputy oil minister for engineering, research and technology, […]

TEHRAN- The first train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, according to the operator of the phases. Farhad Izadjou further put the onshore and refinery progress of the three mentioned development phases at […]

TEHRAN- Iran Small Industries and Industrial Parks Organization has renewal of 31,500 industrial units on its agenda by the end of the upcoming Iranian calendar year (March 20, 2019), the organization’s managing director announced. As shata news agency quoted Sadegh Najafi on Wednesday, there are 85,000 active industrial units in Iran, while 50,000 new ones […]

TEHRAN- Iran imported 66,196 cars valued at over $1.756 billion during the elevn-month period ended on February 19, IRNA reported on Wednesday citing the data by Islamic Republic of Iran Customs Administration (IRICA). In last June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised. […]

Turkish Minister of Customs and Trade Bülent Tüfenkci said that the 3rd border cross between Iran and Turkey will offer round-the-clock services. Turkey is trying to activate three of its border crossings with Iran in 24 hours, he said, adding, “this move is done with the aim of facilitating border transit activities and promoting trade […]