TEHRAN- Following holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) growth will reach 4.2 percent in 2017-18. As Purfield reported growth has begun to broaden to the non-oil sector. […]

TEHRAN– A Chinese firm was awarded a contract to hold the 70 percent of the shares in the project to build a new highway between Iranian SW city of Ahvaz and central city of Isfahan. A highway linking Ahvaz, Izeh, Lordegan, and Isfahan in southwestern Iran will be built with a Chinese investor providing 70 […]

TEHRAN– Railway official Hossein Ashouri said volume of transit in the country’s rail industry had grown by 61 per cent in the first nine months of the current Iranian calendar year (began March 21). Head of the Islamic Republic of Iran Railway Company for Operation Affairs Hossein Ashouri, speaking to a live IRIB program, said […]

TEHRAN- Iran Air CEO denies a circulating rumor that foreign aircraft manufacturers have stopped delivering Iran its ordered airplanes, ISNA reported on Sunday. According to Farzaneh Sharafbafi, foreign aircraft makers will not stop their deliveries to Iran for sure and new impediments put by U.S. treasury will not hinder implementation of the signed contracts between […]

Asian markets rallied on Monday, tracking fresh records on Wall Street, while the dollar held gains as Donald Trump’s much-hyped tax cuts moved a step closer to being passed. The controversial reforms look destined to become the US president’s first major congressional victory as two key Republican holdouts in the Senate decided to back the […]

Japan’s trade surplus fell sharply in November, the government said Monday, as the rising cost of oil and smartphone imports outweighed strong exports of cars and steel. The world’s third-largest economy logged a surplus of 113.4 billion yen ($1.0 billion), a 22-percent drop from a 146.5-billion-yen surplus a year earlier, according to finance ministry data. […]

TEHRAN  – European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. Airbus, the French-Italian aircraft manufacturer ATR, and American aviation giant Boeing have already approached Iran to fund the purchases, Abedzadeh said on Sunday. He added that talks to […]

Iran says the United States is trying to confiscate the payments for purchases of planes thus indicating that Washington may be already drawing closer to killing an ambitious plan to rejuvenate its dilapidated aviation fleet.     Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan was quoted by the domestic media as saying […]

Iran says several leading oil and gas players have submitted the results of their studies over the development of one of its biggest oil prospects – Azadegan oil field.  Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), was quoted by the domestic media as saying that the companies included Total, Royal/Dutch […]

The amount of foreign investment absorbed in Iranian projects after the implementation of Iran nuclear deal in 2016 stands at $3.672 billion, CEO of the Social Security Investment Company (Shasta) said Saturday. According to Morteza Lotfi, managing director of the Social Security Investment Company (Shasta), Turkey, the UAE and Saudi Arabia were ranked first to third in […]