TEHRAN – Japan International Cooperation Agency (JICA) is going to fund the rehabilitation project of Iranian thermal power plants, IRNA reported on Tuesday quoting an official at Iran’s Thermal Power Plants Holding Company (TPPH). According to Hamidreza Azimi, the deputy for planning affairs in TPPH, Iranian power plants current efficiency stands at 37.8 percent. The […]

TEHRAN- Production of gas from Iran’s South Pars gas field stands at 555 million cubic meters per day (mcm/d), according to the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field. Mohammad Meshkinfam made the remarks in a meeting with Oil Minister Bijan Namdar Zanganeh and the […]

Central Bank of Iran (CBI) Governor Valiollah Seif stressed that price of foreign currency will decrease in coming days, and advised people not to buy dollars as an investment. Speaking reporters on the sidelines of Electronic Banking Conference, Valiollah Seif stressed that the exchange rate will certainly decrease over the coming days because the central […]

Iran’s First Vice-President Es’hagh Jahangiri said that the oil and gas produced from the joint fields shared by Iran and Iraq have increased significantly. “The progress of plans of resistance economy was remarkable in the area of oil ministry and the national achievement in harvesting oil and gas from joint oil fields is significant,” said […]

TEHRAN– Minister of Industry, Mine and Trade Mohammad Shariatmadari revealed the opening €50 billion worth of credit for exporting Iranian products to Belarus. Speaking on the sidelines of 14th Iran and Belarus Business Forum, the minister of industry said, “the bilateral development between Iran and Belarus strictly hinges on removing banking problems.” Fortunately, there is […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 3,309 points or 3.5 percent to 98.817 in the tenth Iranian calendar month Dey (December 22, 2017-January 20, 2018), Tasnim news agency reported on Sunday. As reported, 23.515 billion securities worth 57.227 trillion rials (about $1.271 billion) were traded through 1.56 million deals in the stock […]

TEHRAN- Exports of dairy products from Iran increased 30 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2017) compared to the same period of time in the past year, according to an agriculture official. Deputy Agriculture Minister Hassan Rokni said the country has exported over 750,000 tons of […]

TEHRAN- Iran exported 84,000 tons of pistachio worth $677 million during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), IRIB news reported citing the data by Islamic Republic of Iran customs Administration (IRICA). Pistachio was the country’s seventh top non-oil product exported in the mentioned time span. Iran exported […]

TEHRAN- Iran imported 56,076 cars valued at over $1.488 billion during the first nine months of the current Iranian calendar year (March 21-December 21, 2017),reported on Saturday 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 […]

TEHRAN – Deputy Minister of Roads and Urban Development for International Affairs Asghar Fakhriyeh Kashan on Sunday said, “with the allocation of $500 million worth of finance by the Republic of Azerbaijan, construction operation of Rasht-Astara Railway project will go on stream between Iran and Republic of Azerbaijan within the framework of joint venture (JV) […]