According to Iranian Customs statistics of foreign trade, during the first quarter of current Iranian year more than 56 tones of any kinds of saffron worth $77.401 million were exported abroad. The statistics show that each gram of the exported saffron worth $1.37 during the period, compared to the same period last year which was 36 […]

Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran, even if it doesn’t sell cars in the US. Iran operations are likely to be put on hold to comply with US sanctions, Renault Chief Operating Officer Thierry Bollore told analysts during a conference […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 1029 points or 0.9 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported. As reported, some 7.391 billion securities worth 17.731 trillion rials (about $412.3 million) were traded through 367,000 deals in TSE, indicating one percent […]

TEHRAN – Eight development projects were inaugurated at Iran’s Imam Khomeini Airport City (IKAC) on Thursday to further expand the capital city’s primary international airport, IRIB reported. Iranian Minister of Roads and Urban Development Abbas Akhoundi and some of the country’s aviation officials attended the inauguration ceremony. These projects include construction of an urban fire […]

Iranian Deputy Minister of Roads and Urban Development and Managing Director of Ports and Maritime Organization Mohammad Rastad said that the India’s IPGL will soon start its development project in Chabahar Port. “The Indians will soon kick off their official activity at Iranian southeastern port of Chabahar with an $85 million capital,” said Iranian Deputy […]

TEHRAN – Chairman of Export Promotion Council for India’s EOUs and SEZs (EPCES) said the U.S. sanctions on Iran won’t affect India’s trade activities in Iran’s Chabahar port, IRNA reported on Tuesday. According to Vinay Sharma, the U.S. sanctions include trade and business as well as goods and services sectors while Chabahar port is a […]

Turkey is happy to receive oil from Iran and won’t be joining US efforts to block Iranian crude exports, President Recep Tayyip Erdogan said, refusing to cut economic ties with “strategic partner” Tehran, RT reported. “Iran is both our neighbor and our strategic partner,” and severing ties with Tehran on America’s whim goes against Turkey’s […]

National Iranian Oil Company (NIOC) has discussed the Russian Gazprom’s offer to develop Iran’s North Pars Gas Field as well as other Iranian gas and oil fields. Following US pullout from JCPOA on May 8 and reinstating the unilateral sanctions aginst Iran, some European companies decided to leave Iran, but a number of others, including […]

Abdolnaser Hemmati has been appointed by Rouhani’s cabinet as the new governor of Central Bank of Iran, replacing Valiollah Seif. Rouhani’s cabinet on Wednesday gave Abdolnaser Hemmati a vote of confidence to replace Valiollah Seif as the governor of the Central Bank of Iran. Hemmati had previously served as the president of Central Insurance of Iran […]

TEHRAN- Iran exported $1.072 billion of iron ore in the past Iranian calendar year (ended on March 20, 2018), which indicates 31.1 percent rise from its previous year’s figure, IRNA reported on Tuesday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA). China was the main buyer of Iran’s iron ore […]