TEHRAN- Iran and Pakistan agreed to revive passenger train service between Iran’s Zahedan in south eastern province of Sistan-Baluchestan and Pakistan’s Quetta in Balochistan till mid-September 2018, IRNA reported on Thursday. During a two-day meeting held to collaborate on Iran-Pakistan railway transportation joint committee at the place of Pakistan Ministry of Railways, the two sides […]

TEHRAN-Iran waived the ban on rice imports for a five-month period starting from Sunday, Tasnim news agency reported on Friday. The waiver was announced to Industry, Mining and Trade Minister Mohammad Shariatmadari in a letter by Agriculture Minister Mahmoud Hojjati on January 14. On December 31, 2017, the Islamic Republic of Iran Customs Administration (IRICA) […]

TEHRAN – Iran’s revenues from crude oil and oil products exports reached 536.8 trillion rials (about $12.128 billion) in the first eight months of the current Iranian calendar year (March 21-November 21, 2017) up 49 percent compared to its preceding year’s same period. The country’s crude oil sales reached 402.4 trillion rials (about $9.09 billion) […]

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch a trade delegation to Thailand on February 19-23, the portal of ICCIMA announced. Aimed for facilitating development of economic relations between the two countries, the delegation is going to be led by ICCIMA Head Gholam-Hossein Shafe’i. The delegation will be comprised […]

TEHRAN – Airbus has said it keeps on working with Iran Air and the Iranian authorities on the execution of the plane purchase agreement in full compliance with the nuclear deal requirements and other applicable regulations, AFP reported. Iran warned Wednesday that its multi-billion dollar deals for Airbus planes had been thrown into doubt by […]

TEHRAN– An Iranian oil tanker that sank in the East China Sea has left two oil slicks covering a combined 109 square km (42 square miles), the Chinese government said late on Tuesday, as maritime police scour for damage and prepare to explore the wreck. Satellite imaging showed a slick of 69 square km (26.6 […]

TEHRAN– An official in charge of the Islamic Republic of Iran Railways Hossein Ashouri said, “planning is underway to transport freight from Bandar Abbas and Chabahar to the Central Asian states.” Member of Board of Directors of the company revealed the interest of Indian firms to invest in North-South corridor and said, “Islamic Republic of […]

TEHRAN- Iran-Russia trade grew 70 percent during the past year, Iranian Finance Minister Masoud Karbasian announced after his meeting with Russian Energy Minister Alexander Novak in Tehran on Wednesday morning. Expressing content about the variety of available fields for cooperation between Iran and Russia, Karbasian, who is the Iranian head of Iran-Russia Joint Economic Committee, […]

Head of Plan and Budget Organization Mohammad-Bagher Nobakht put the country’s economic growth in the next Iranian calendar year in 1397 (to start March 21, 2018) at eight percent. Achieving eight percent economic growth, generation of employment opportunities for more than one million job-seeking people in the next year and also planning to accelerate semi-finished […]

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said that international organizations predicted a bright and rosy future for Iran’s economy in 2018. He pointed to the recent developments in the world in the face of Joint Comprehensive Plan of Action (JCPOA), the official title of nuclear deal, and the […]