Implementation of a contract to electrify the Garmsar-Sari-Gorgan-Inche Burun route in Iran, signed between the Islamic Republic of Iran Railways (IRIR) and Russian railway operator RZD International, will take four years, a report said. The Russian firm said in the report that as part of the contract, RZD International will train IRIR engineers and technicians […]

TEHRAN – International bourse will be set up in Special Economic Zones. Secretary of Supreme Council of Free and Special Economic Zones Morteza Bank made the above remarks and said, “good and fair interactions were made with the representatives as member of Parliament Economic Commission, so that there is a logical and principled understanding on […]

TEHRAN – The Director General of Textile and Clothing Office of the Ministry of Industry, Mine and Trade Afsaneh Mehrabi said that 200,000 tons of clothing and apparel are smuggled into the country per annum. Official reveals 200k tons of apparel smuggled into country annually The Director General of Textile and Clothing Office of the […]

Head of Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) and Deputy Minister of Economic and Finance Affairs Mohammad Khazaee said that political and security stability has promoted Iran’s credit risk rating to a great extent. Speaking in an interview with Mehr News Agency correspondent, he added, “unlike previous years, Iran’s credit risk […]

Purchasing stocks of Chinese banks by Iran’s private sector entities is at the final stage, so that Bank of China (BoC) issued necessary license for this move. Buying stocks of Chinese banks by Iranians has long been raised. For his part, Chairman of Iran and China Joint Chamber of Commerce Asadollah Asgarowladi said, “suitable ways […]

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafe’ei put Iran’s share of global export market at 0.24 percent. Speaking on Thursday afternoon in commemoration of Exports Day and exemplary exporters in Kerman Province, held at the venue of Kerman Chamber of Commerce, he put the rate for each ton of […]

TEHRAN- Iran exported $183 million worth of home appliances during the nine-month period ended on December 21, 2017, according to an official in Iran’s Trade Promotion Organization (TPO). Masoud Kamali Ardakani, the director for Industrial and Mineral Products Export Development Office of TPO, mentioned Iraq, Afghanistan, Sudan, Tajikistan, Turkey and Italy as some export destinations […]

TEHRAN – Iran’s production of gold ingots is seen to reach the record high of six tons by the end of the current Iranian calendar year (March 20, 2018), IRNA reported quoting Iranian deputy industry, mining and trade minister as saying on Wednesday. According to Jafar Sarqeini, the figure was expected to reach seven tons […]

TEHRAN – Iran’s production of gold ingots is seen to reach the record high of six tons by the end of the current Iranian calendar year (March 20, 2018), IRNA reported quoting Iranian deputy industry, mining and trade minister as saying on Wednesday. According to Jafar Sarqeini, the figure was expected to reach seven tons […]

TEHRAN– Bulk carrier ‘Ocean Master’ carrying 5,500 tons of Iron docked and was unloaded at Chabahar port in south Iran. The first ship from South Korea carrying an iron consignment arrived at Chabahar port last month (December). Iranian president inaugurated international Shahid Beheshti Port in Chabahar on December 3, 2017. Chabahar Port is a seaport […]