The EU is planning to switch from US dollars to euros in payments for oil supplies from Iran, a diplomatic source has told the Russian Sputnik. According to Sputnik, EU foreign policy chief Federica Mogherini said on Tuesday that after talks with the foreign ministers of the United Kingdom, France, Germany, and Iran in Brussels that the sides had […]

TEHRAN- An Iran-Qatar business forum attended by a number of Iranian and Qatari traders and businessmen was held in Qatar’s capital Doha on Monday. Addressing the forum, Hossein Pir-Moazzen, a board member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), who headed the Iranian participants, referred to the negotiations made during the sixth […]

TEHRAN- Bulgarian Minister of Economy Emil Karanikolov said his country and Europe are seriously determined to continue their economic cooperation with Iran. The European official made the remarks in an Iran-Bulgaria business forum held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in Tehran on Monday, ICCIMA portal reported. The […]

TEHRAN- The project for electrification of Garmsar–Incheboron railway to the length of 495 kilometers, linking Garmsar in the north-central province of Semnan to Incheboron in the northeastern province of Golestan, is being implemented. The project will be financed by Russia and will be operated through cooperation of Russian and Iranian companies. It includes supplying fleet […]

TEHRAN – Iran and China signed a deal worth €70 million on Monday to collaborate on manufacturing 50 electro-diesel freight locomotives in Iran. According to the Ministry of Transportation news portal, the trilateral deal was signed between Wagon Pars and Alborz companies from Iran and the Chinese giant locomotive manufacturer CRRC Dalian Co. The Iranian […]

 Oil price on Monday experienced a considerable decline on Monday due to the increased opposition to Iran’s sanctions. Given the above issue, global price of oil hits a record low which was unprecedented in the recent years. If US seeks to reduce Iran’s oil exports, oil supply in the markets will drop by one million […]

TEHRAN- Iranian deputy industry minister announced that 740 trillion rials (about $17.619 billion) of loans will be paid to the production units in the country in the current Iranian calendar year (March 2018-March 2019), IRNA reported. Sadeq Najafi, who is also the head of Iran Small Industries and Industrial Parks Organization, said some part of […]

The largest blood bag manufacturing company of Middle East was inaugurated on Monday in Payam Special Economic Zone, Alborz Province. This great company is one of the results of the JCPOA, ISNA quoted Iranian Health Minister Hassan Qazizadeh Hashemi as saying in the inauguration ceremony. Describing economy as the necessary tool for reaching independence and […]

TEHRAN- According to OPEC’s latest monthly report published on May 14, Iran’s oil production, based on secondary sources, stood at 3.823 million barrels per day (bpd) in April, rising 10,000 bpd from that of March. The country produced 3.813 million barrels per day of crude oil in March, the report read. The OPEC’s report also […]

TEHRAN- Iranian carmakers manufactured 900,000 vehicles during the first seven months of the current Iranian calendar year (March 21-October 22), Deputy Industry Minister Mohsen Salehinia announced. The official said achieving this output the country’s target for seven-month car manufacturing came true by 94 percent, Shata news agency reported. Iran manufactured 1.3 million cars in the […]