TEHRAN- Iranian banks gave 6.42 quadrillion rials (about $102.3 billion) of facilities to domestic economic sector during the 10 months ending to January 20, 2018, which shows eight percent growth in comparison with the same time span in the previous year, ILNA reported on Wednesday. In the said period, Iranian banks could manage to offer […]

TEHRAN – Total has created a comprehensive database of Iranian contractors and equipment manufacturers to maximize the use of Iranian capacities in the development of phase 11 of Iran’s South Pars gas field, Shana reported on Wednesday quoting an oil official. According to Habibollah Bitaraf, the Iranian deputy oil minister for engineering, research and technology, […]

TEHRAN- The first train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, according to the operator of the phases. Farhad Izadjou further put the onshore and refinery progress of the three mentioned development phases at […]

TEHRAN- Iran Small Industries and Industrial Parks Organization has renewal of 31,500 industrial units on its agenda by the end of the upcoming Iranian calendar year (March 20, 2019), the organization’s managing director announced. As shata news agency quoted Sadegh Najafi on Wednesday, there are 85,000 active industrial units in Iran, while 50,000 new ones […]

TEHRAN- Iran imported 66,196 cars valued at over $1.756 billion during the elevn-month period ended on February 19, IRNA reported on Wednesday citing the data by Islamic Republic of Iran Customs Administration (IRICA). In last June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised. […]

Turkish Minister of Customs and Trade Bülent Tüfenkci said that the 3rd border cross between Iran and Turkey will offer round-the-clock services. Turkey is trying to activate three of its border crossings with Iran in 24 hours, he said, adding, “this move is done with the aim of facilitating border transit activities and promoting trade […]

TEHRAN- Iran’s income from transit of goods increased 20 percent in the ten-month period ended on January 20, 2018, compared to the same period of time in the past year, according to an official at Trade Promotion Organization (TPO). Mohsen Rahimi, the head of transit desk of TPO, said transit via roads accounted for the […]

Chairman of Agriculture in Chamber of Commerce Kaveh Zargaran said that Islamic Republic of Iran is negotiating a wheat import deal with Russia that would allow it to increase flour exports to neighboring Iraq by private sector. The deal would involve importing around 100,000 tonnes of Russian wheat per month for private millers who would […]

In its reaction to the release of a news in media outlets, Central Bank of Iran (CBI) warned categorically on the sales of cryptocurrency in cooperation with the bank. Given the above issue, bitcoin and other cryptocurrencies has not thus far been introduced as the official currency by the CBI, so that this bank does […]

TEHRAN- Iran’s unemployment rate in autumn 2017, which corresponds to the third quarter of current Iranian calendar year (September 23-December 21, 2017), stood at 11.9 percent, down 0.4 percent compared to the figure in the same season in 2016, the Statistical Center of Iran (SCI) announced. The figure shows 0.2 percent increase in comparison with […]