Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said Iran’s foreign trade with the European Union grew by 52% to reach 21 billion euros in the first 10 months of current Iranian year. Inflation rate is 8.2% according to the Center for Statistics of Iran and 9.9%, according to the […]

TEHRAN – Iranian Finance and Economic Affairs Minister Masoud Karbasian met with Russian Economy Minister Maxim Oreshkin on Monday to discuss further expansion of mutual economic cooperation, Shada news agency reported. The Iranian minister emphasized developing economic ties between the two countries’ provinces especially those adjacent to Caspian Sea, as a strategic approach to increase […]

TEHRAN- The 16th general assembly of Iran Chamber of Commerce, Industries, Mine and Agriculture (ICCIMA) and Economic Cooperation Organization (ECO) was held at the place of ICCIMA in Tehran on Monday, IRIB news reported. The meeting was attended by Iranian Transport Minister Abbas Akhoundi, ICCIMA Head Gholam-Hossein Shafeie, chairmen of Iran’s Chambers of Commerce, and ambassadors […]

Representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed a trilateral MoU on grain trade on Sunday in Moscow. Concurrent with the official visit of Iranian Minister of Economic Affairs and Finance Masoud Karbasian to Moscow, representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed late on […]

Iran’s Persian Gulf Star Refinery in the southern province of Hormozgan is the first of its kind designed based on gas condensate feedstock recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf. Construction of the refinery started in 2006, but the project was delayed as the result of some […]

TEHRAN- The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, according to Head of National Tax Administration Kamel Taqavinejad. The official said the figure should reach 11 percent by the end of the country’s Six Five-Year National Development Plan (March 2021), IRNA reported on Sunday. President Hassan Rouhani’s economic […]

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Moscow on Sunday to attend the 14th meeting of Iran-Russia Joint Economic Committee, IRIB news reported. The meeting will be held in the Russian capital on Monday and Tuesday and a number of cooperation MOUs are planned to be signed between the two countries […]

 Iranian Minister of Petroleum Bijan Zangeneh has announced Total’s takeover of Danish Maersk’s oil division, adding development of the oil layer of South Pars gas field will not be easily assigned to Total. Speaking to reporters on the sidelines of an oil industry event in Tehran on Saturday evening, the official outlined the outcome of […]

TEHRAN- Iranian Oil Ministry has specified 30 projects worth $6 billion for preserving and boosting oil production in the country, according to an oil official. Addressing the 2nd Iran International Exploration and Production Congress and Exhibition (Iran E&P 2018) in Tehran, Habibollah Bitaraf, the deputy oil minister for engineering, research and technology, said these projects […]

TEHRAN- During the 11 months ending on February 19, 2018, Iran exported 12 million tons of non-oil goods to Iraq worth $5.5 billion, the Public Relations Department of the Trade Promotion Organization of Iran (TPO) announced. The figure shows 18 percent increase in comparison with the same period in the preceding year, the report added. […]