TEHRAN- The Statistical Center of Iran announced that the inflation rate in the first Iranian calendar month Farvardin (March 21-April 20) stood at 8.1 percent. The figure shows 0.1 percent fall from 8.2 percent rate of inflation in the preceding month, IRNA reported. All sectors of the Iranian economy registered positive growth in 2017, during […]

 Islamic Republic of Iran Customs Administration (IRICA) in its latest report announced the considerable 73 percent slump of car import in the first month of the current Iranian calendar year in 1396 (from March 21 to April 22). IRICA put the cars imported into the country in the same period at 1,034, showing a considerable […]

TEHRAN- In a meeting with the senior officials on Saturday, Iranian President Hassan Rouhani called on Oil Minister Bijan Namdar Zanganeh to expedite the trend of gas supplying to the country’s power plants. Following the president’s remarks, Saeid Mo’meni, the director for gas supplying in the National Iranian Gas Company (NIGC), said there are 84 […]

TEHRAN – Foreign investors will soon start their activities in Iran’s medical equipment industry, said an advisor to the Iranian health minister. Among foreign investments, Reza Masa’eli specifically referred to Brazil and Japan, hoping for joint manufacturing of medical equipment with these countries in the near future, Nasimonline reported on Friday. Some distinguished companies which […]

TEHRAN- Production units in indusial parks exported $2.18 billion of goods during the last Iranian calendar year (ended March 20, 2018), IRNA quoted Iranian deputy industry minister as saying on Saturday. According to Sadeq Najafi, the figure is projected to reach $4 billion by the end of the present year (March 20, 2019). There are […]

TEHRAN- Head of Iran’s Industrial Development and Renovation Organization (IDRO) announced that within the next four years the organization will create 30,000 jobs using 500 trillion rials (about $11.9 billion) of investments, Shata news reported on Friday. According to Mansour Moazzami, presently, IDRO has 32 projects underway in new industries, 9 in oil, gas, and […]

TEHRAN- Iran is seeking new target markets for the export of its liquefied petroleum gas (LPG), according to Iranian Gas Commercial Company (IGCC) Managing Director Mohammad-Ali Barati. Barati said the production and exports of LPG from some development phases of South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has experienced […]

Iran’s financial system has intensified its efforts to establish ties with a number of countries based on the national currencies, as the U.S. sanctions against the country have complicated transactions in dollars. In this line, Iran made an agreement in last October with Turkey on using local currencies in trade transactions between the two countries […]

TEHRAN – Iran and Spain are due to establish their first ever oil and gas task force on the sidelines of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) on May 7. A combination of Spanish companies has been identified for this task force. Companies active in various fields […]

TEHRAN – The lower house of the Czech parliament on Thursday supported a communist party proposal that a ban on exporting equipment for Iran’s Bushehr nuclear reactor be lifted.  According to Czech Radio, the vote was on the first reading as the start of the legislative process. The precise proposal stems from the problems of […]