An official in charge of Trade Promotion Organization of Iran (TPOI) Farzad Piltan said that trade volume to be exchanged between Iran and South Africa will hit $1 billion by 2022. The Director General of Trade Promotion Organization of Iran for Arab and African Affairs Farzad Piltan pointed to design development plan for increasing trade […]

TEHRAN- Iran exported 6.872 million tons of crude steel in the past Iranian calendar year (ended on March 20), with 84-percent growth from the figure of its preceding year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). IMIDRO data also indicate that the country’s exports of steel […]

 Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said on Saturday that the volume of Iran’s steel production has increased 47% since the start of 2018 compared to the same period last year. Speaking in the northeastern city of Mashhad, Shariatmadari said the volume of steel production in Iran during the first three months […]

TEHRAN- Iran’s fishery output stood at more than 1.15 million tons in the past Iranian calendar year (which ended on March 20, 2018), Hassan Salehi, the head of Iran’s Fisheries Organization, announced. The official also put the country’s fishery exports at over 123,000 tons worth $500 million in the past year, with a noticeable growth, […]

Director General of Iranian Northern Railway Yousef-Geran Pasha said Iran’s Northern Railroad will be electrified in cooperation with Russia. Director General of Iranian Northern Railway Yousef-Geran Pasha made the above remark and said that Iranian Northern Railway will be electrified with the cooperation of Russia. He said, “the project to electrify Iranian northern railways will […]

TEHRAN – The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” predicted that Iran’s gross official reserves will reach $108.4 billion in 2018. According to the report, the country’s gross official reserves will experience a $13.3 billion jump in the current […]

TEHRAN – Managing Director of National Iranian Petrochemical Company (NPC) said renowned European companies has expressed willingness for cooperation with Iran’s petrochemical sector, ILNA reported. Pointing to the positive outcomes of the second Iran Petrochemical Value Chain Summit in Paris on April 27, the official said “Several well-known European companies voiced their readiness for cooperation […]

 European business and banking officials stressed that renegotiation of JCPOA is totally impossible. European business and banking authorities are after expanding trade and investment ties in the Islamic Republic of Iran vehemently. Given the above issue, Iran-Europe Business and Banking Forum was held in Tehran early this week in the presence of senior economic and […]

US obstructive moves have deprived Iran of economic benefits of the Joint Comprehensive Plan of Action (JCPOA), the governor of the Central Bank of Iran (CBI) said. Speaking at a televised program on Saturday night, Valiollah Seif said the obstructive policies of Washington have prevented Iran from enjoying the “necessary economic benefits” of the JCPOA, the […]

TEHRAN- Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced that his country has allocated €1.2 billion to the investment-making projects in Iran. The envoy made the remarks during a meeting with the members of the Chamber of Commerce of Abadan (a city in southwest of Iran) on Saturday, IRNA reported. “Agreement on the banking […]