Deputy Minister of Oil Alireza Sadeghabadi said no budget has yet been set for importing gasoline into the country for the next Iranian calendar year, so that gasoline imports will be ceased in this period. Sadeghabadi made the remarks on Sunday night reiterating that, “gasoline imports will be stopped as of the beginning of the […]

TEHRAN- Iran’s major steel producers produced 12.775 million tons of crude steel during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced. The country’s crude steel output stood at 18.466 million tons in the past Iranian calendar year 1395 […]

TEHRAN- The 11 edition of Tehran International Tourism Exhibition (TITE 2018) is to host 500 Iranian and foreign companies from February 23 to 26, IRIB news reported on Sunday. “Some 430 Iranian and 70 foreign companies from Italy, Germany, Brazil, England, Switzerland, Spain, Russia, and Cyprus will take part in this event at the Tehran […]

Last month, Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqeini announced that the government will impose a 10% export duty on iron ore from the beginning of the next Iranian calendar year 1397 (March 21, 2018) and plans to increase the figure to 15% in the calendar year 1398. The official said that the government’s decision is […]

In its latest report, Iranian Parliament Research Center put the country’s e economic growth in the current year at 4.1 percent. In addition, the Center put the inflation rate in the current year (to end March 20, 2018) at 10.5%. Turning to the situation of tax income, economic growth oil price and inflation rate, the […]

Iran exported $950 million worth of dried fruit over the course of eight months since March 2017, the head of the Trade Promotion Organization of Iran says. Pistachio nuts were the most important export item which brings the country $1 billion-$1.2 billion in hard currency revenues a year, Mojtaba Khosrotaj said on Saturday. Exports of the […]

TEHRAN – Iranian cooperatives and unions presented over 39,000 job opportunities to the country’s workforce during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2017). According to the data released by the Ministry of Cooperatives, Labor and Social Welfare, the mentioned jobs were created at 2,535 newly established cooperatives and […]

TEHRAN – Two years after implementation of the Joint Comprehensive Plan of Action, the international agreement on Iran’s nuclear program, in January 2016, Iranian banks has established banking relations with over 285 banks worldwide, IRNA reported on Saturday. Before the West-imposed sanctions hit the country’s banking system, Iranian banks were linked with over 633 foreign […]

TEHRAN– An official from Iran’s railways organization said on Saturday that the third freight train has left China for Iran and will arrive in Tehran later this week. Seyed Mostafa Davoodi from Iran Railway Company said that Iran has already been negotiating with neighboring and regional countries to develop international transit corridors, and said the third […]

TEHRAN– Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araghi said that the contract to export Iran’s gas to Georgia is still being negotiated between private sector, Georgia, Armenia, and Iran. “The contract for the export of gas to Georgia has not been ruled out yet and if the agreements get finalized, the […]