TEHRAN — Tehran Municipality has announced plans to renovate 17,000 taxis for the next Iranian calendar year starting on March 21, Tasnim news agency reported on Friday. As per the plan, taxis aging over 10 years should be scrapped aiming to stimulate the automobile industry and remove inefficient, high emissions vehicles from the road. Shahriar […]

TEHRAN – In a bid to ease the travel of pilgrims and expand transportation cooperation, Iran and Iraq signed an air transportation agreement on Saturday. The Civil Aviation Organization of Islamic Republic of Iran (CAOIRI) announced that an air transportation agreement was signed by Iraq’s Transport Minister Kazem Finjan and Iranian Deputy Road Minister and […]

TEHRAN- Private sector accounts for generating 60 percent of electricity in Iran, Energy Minister Hamid Chitchian announced on Saturday. The minister also mentioned foreign countries’ interest in Iran’s power sector and said several power plants have been already built in the country through foreign investment. Iran’s nominal electricity generation capacity is 77,068 megawatts (MW) at present […]

TEHRAN – The National Iranian Gas Company (NIGC) said Iran is currently exporting 42 million cubic meters of natural gas per day. NIGC Managing Director Hamid Reza Araqi said the above, adding exports rose to the number by starting of gas exports to neighboring Iraq. He said export of natural gas to neighboring countries will […]

TEHRAN– Iranian light crude price which has started going up since the beginning of 2018 reached 68 dollars in the week leading to the 5th of January. Iran’s light crude oil price increased by 1.80 cents and reached $67.57 per barrel in the week leading to January 5, Friday. The average price for Iran’s light […]

TEHRAN- The Iranian capital is simultaneously hosting three international exhibitions from January 11 to 14 at the Tehran Permanent International Fairground, IRNA reported on Thursday. The three international exhibitions include the 8th edition of International Exhibition of Architecture, Interior Design, and Modern House (Midex 2018), the first edition of Iran’s international business development exhibition called […]

Deputy Director of International Finance Department of the Central Bank of Iran introduced the 5 billion euro Iran, Italy financing agreement and added that conditions for receiving facilities from this line of credit are better than the National Development Fund. Deputy Director of International Finance Department of the Central Bank of Iran Hamid Ghanbari referred […]

Deputy Minister of Economic Affairs and Finance and the Italian deputy minister of foreign affairs discussed methods for expanding bilateral relations. Deputy Minister of Economic Affairs and Finance Mohammad Khazaee who has traveled to Italy in order to hold negotiations and talks with Italian economic officials, met with the Italian deputy minister of foreign affairs […]

Once again, Central Bank of Iran (CBI) Governor Valiollah Seif warned on cryptocurrency “bitcoin” and said, “CBI does not endorse bitcoin at all.” Turning to bitcoin transactions, he added, “although transactions with this cryptocurrency have become widespread, people should be careful about this issue seriously.” Transacting with bitcoin is followed with several risks, he said, […]

Iranian Minister of Roads and Urban Construction, called for continuation of cooperation between the countries which benefit from Chabahar Port. Abbas Akhundi, Iranian Minister of Roads and Urban Construction, called for continuation of cooperation between the countries which benefit from Chabahar Port to put the port into operation and commercialize it. The Iranian minister made […]