TEHRAN- Iran’s income from transit of goods increased 20 percent in the ten-month period ended on January 20, 2018, compared to the same period of time in the past year, according to an official at Trade Promotion Organization (TPO). Mohsen Rahimi, the head of transit desk of TPO, said transit via roads accounted for the […]

Chairman of Agriculture in Chamber of Commerce Kaveh Zargaran said that Islamic Republic of Iran is negotiating a wheat import deal with Russia that would allow it to increase flour exports to neighboring Iraq by private sector. The deal would involve importing around 100,000 tonnes of Russian wheat per month for private millers who would […]

In its reaction to the release of a news in media outlets, Central Bank of Iran (CBI) warned categorically on the sales of cryptocurrency in cooperation with the bank. Given the above issue, bitcoin and other cryptocurrencies has not thus far been introduced as the official currency by the CBI, so that this bank does […]

TEHRAN- Iran’s unemployment rate in autumn 2017, which corresponds to the third quarter of current Iranian calendar year (September 23-December 21, 2017), stood at 11.9 percent, down 0.4 percent compared to the figure in the same season in 2016, the Statistical Center of Iran (SCI) announced. The figure shows 0.2 percent increase in comparison with […]

Chief Executive of Ports and Maritime Organization (MPO) Mohammad Rastad said that a number of four ships, carrying wheat, sugar, chemical fertilizer and steel, have taken berth in Chabahar Port since the inauguration of first phase of expansion project of Bandar Shahid Beheshti. In an interview with MNA correspondent on the distribution of domestic cargo […]

TEHRAN – Bosnia and Herzegovinian Minister of Foreign Trade and Economic Relations Mirko Sarovic has expressed his country’s interest in expansion of economic ties with Iran, IRNA reported on Sunday. The official made the remarks in a meeting with Iranian ambassador to Sarajevo Mahmoud Heidari on Saturday. Headed by Mirhadi Seyedi, the deputy president of […]

Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian placed special emphasis on enhancing trade and business ties between Iran and India. Iran and India shares social and cultural commonalities, he said, adding, “there is no limitation in enhancing relationship between Iran and India, so that appropriate opportunity has been provided for both Iran and […]

The European Commissioner for Energy announced EU’s readiness to negotiate Iran’s accession to the Southern Gas Corridor. Speaking at a press conference, European vice-president in charge of the Energy Union Maroš Šefčovič announced that the EU wants countries with rich gas reserves to joint Southern Gas Corridor, adding that all options have been considered and […]

TEHRAN- Iran’s production of sponge iron in the ten-month period ended on January 20 rose 14 percent compared to the same period of time in the past year, Industrial Development and Revolution Organization (IDRO) announced. The amount of sponge iron produced by ten Iranian producers stood at 15.84 million tons in the mentioned time span, IRIB […]

TEHRAN – Russian oil company Zarubezhneft signed a memorandum of understanding (MOU) with Gostaresh Iranian Oil and Gas Industries Development Company (also known as IDRO Oil) for cooperation on the development of Sousangerd oil field in southwest Iran. Based on the MOU, a joint technical committee will be formed and in case of reaching a […]