TEHRAN- The United Arab Emirates (UAE) benefited a lot from years of the West-led economic sanctions against Iran as the neighbor country had turned into a number one trade partner of Iran through acting as a broker buying products and services from different countries and selling them to Iran. But the Arab country is not […]

TEHRAN– The Spokesperson for the Special Emergency Committee on the Iranian Oil Tanker Incident said on Tuesday that the crew members might be trapped in the engineering department of the ship. Mohsen Bahrami told reporters on Tuesday that the National Iranian Tanker Company had called for help to extinguish the fire and a Japanese company has […]

TEHRAN- Iran manufactured 1,103,631 vehicles during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2017), with 16.1 percent rise from 950,210 cars manufactured in the same time span of the past year. Car manufacturing also increased in the country during the ninth calendar month Azar (November 22-Decemebr 21, 2017), indicating […]

TEHRAN – Iraq is preparing infrastructure to receive Iranian natural gas in its southern city of Basra within two months, IRIB news reported quoting the National Iranian Gas Company’s managing director. Iran has agreed to export up to 25 million cubic meters of gas to Basra as soon as Iraq is ready. “Everything is ready […]

TEHRAN- Iran exported $6.855 billion worth of mineral products during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), with three percent rise compared to the same period of time in the preceding year. As Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced, the mineral exports also […]

TEHRAN- Trade exchange between Iran and the European Union countries increased 61 percent in the first 10 months of 2017 from the same time in 2016, IRNA reported on Monday. The figure stood at €16.64 billion in the said time, the same report confirmed. Iran’s exports to EU countries was €8.24 billion and its imports […]

Deputy Minister of Oil Alireza Sadeghabadi said no budget has yet been set for importing gasoline into the country for the next Iranian calendar year, so that gasoline imports will be ceased in this period. Sadeghabadi made the remarks on Sunday night reiterating that, “gasoline imports will be stopped as of the beginning of the […]

TEHRAN- Iran’s major steel producers produced 12.775 million tons of crude steel during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced. The country’s crude steel output stood at 18.466 million tons in the past Iranian calendar year 1395 […]

TEHRAN- The 11 edition of Tehran International Tourism Exhibition (TITE 2018) is to host 500 Iranian and foreign companies from February 23 to 26, IRIB news reported on Sunday. “Some 430 Iranian and 70 foreign companies from Italy, Germany, Brazil, England, Switzerland, Spain, Russia, and Cyprus will take part in this event at the Tehran […]

Last month, Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqeini announced that the government will impose a 10% export duty on iron ore from the beginning of the next Iranian calendar year 1397 (March 21, 2018) and plans to increase the figure to 15% in the calendar year 1398. The official said that the government’s decision is […]