TEHRAN- The condition is prepared for offering crude oil in Iran Energy Exchange (IRENEX), Securities and Exchange Organization (SEO) Head Shapour Mohammadi told IRNA on Sunday. The official expressed hope that trading crude oil in IRENEX will occur soon through follow-up measures by the oil and finance ministers. Offering fuel oil and other oil byproducts […]

iran is an important neighbor of Turkey, Turkish diplomatic sources said on Friday during a meeting with American officials to defend their country’s interests against the looming reimposition of US sanctions on Iran. A delegation of US officials led by Deputy Treasury Secretary Marshall Billingslea met with Turkish representatives with the aim of seeking to […]

According to the Islamic Republic of Iran Customs Administration (IRICA), export value of decorative stones in the past Iranian calendar year (ended March 20, 2018) hit $341 million, showing a considerable 94 percent growth as compared to the five previous years. IRICA put the export value of decorative stones in 2012 at $176 million, registering […]

An Iranian customs official has said that the Islamic Republic of Iran Customs Administration (IRICA) put into operation the electronic TIR system for the first time in the world. Hossein Kakhki, Director General of Customs International Cooperation Department told Iranian Radio Eghtesad on Friday that TIR carnets paper version was previously used but its electronic version is now successfully being […]

TEHRAN- Budget and Planning Organization of Iran put forward its 10-section protective plan to support domestic production and job creation during the present Iranian calendar year (ends on March 20, 2019), Tasnim news agency reported on Saturday. The excerpts of the proposed plan include: holding internship plan for university graduates, supporting entrepreneurs and employers via […]

Beijing consistently opposes policies of unilateral sanctions and intends to continue its trade cooperation with Iran under its international commitments, the Chinese Commerce Ministry said on Thursday. “Iran continues to be China’s important trade partner in Asia. The two countries maintain regular trade relations. In 2017, bilateral trade grew by 19 percent in comparison to 2016 and amounted to $37.1 […]

Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks’ fortunes in Iran as its main drivers, augmented by the government’s refusal to allow the sale of commodities at an exchange rate […]

 Civil Aviation Organization (CAO) revealed the forwarding of two Iranian firefighting helicopters to Hawizeh Marshes based in neighboring Iraq. Following the request of the Interior Ministry from CEO of Civil Aviation Organization (CAO), necessary coordination was made with Iraqi Aviation Organization in order to operate safe flight in airspace of the neighboring state. Given the […]

After a meeting with a US delegation on sanctions against Iran in Ankara, Turkish Foreign Ministry issued a statement calling Iran ‘an important neighbor for economic and commercial relations.’ According to Turkish Daily Sabah, following a meeting with a US delegation comprised of Treasury and State Department officials on Friday in Ankara to discuss upcoming […]

 The ports and maritime director general of Sistan and Baluchistan province Behrooz Aghaei put the provincial import share of basic commodities and staples at 20%. Turning to the leading role of Chabahar port in the provision of goods and staples, he said, “about 1.5 million tons of various types of basic goods and commodities are […]