Over $2.3b required to complete mining projects
TEHRAN- Underway mining and related industries projects require 104 trillion rials (about $2.311 billion) of investment to be completed, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian. The official also said that exploration plans should be seriously followed up in order to discover new mines and stressed the necessity of […]
There are 3.226m unemployed people in Iran: SCI
TEHRAN- The Head of Statistical Center of Iran (SCI) Omid Ali Parsa put the number of jobless people at 3.226 million in the country, IRIB news reported on Tuesday. The official said that unemployment rate during the nine-month period ended on December 21, 2017 fell 0.3 percent compared to the figure of the same period […]
Iran, Iraq economic coop. roadmap to be outlined
Referring to the imminent visit of First Vice President Es’hagh Jahangiri to neighboring Iraq, Minister of Industry, Mine and Trade Mohammad Shariatmadari pointed said, “it is hoped that upcoming visit of the first vice president will outline economic cooperation roadmap between the two countries.” Minister of Industry, Mine and Trade Shariatmadari and his accompanying delegation […]
ATR-72 black box to be sent to France
The black box of an Iranian ATR passenger plane that crashed on 18 Feb., killing all 65 on board, will be sent to France to be decrypted, head of Parl. Civil Affairs Commission said Tuesday. Head of Parliament’s Civil Affairs Commission, Mohammad Reza Rezaei-Kouchi, told reporters on Tuesday that the black box belonging to the Iran […]
EU-Iran foreign trade reaches €21bn
Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said Iran’s foreign trade with the European Union grew by 52% to reach 21 billion euros in the first 10 months of current Iranian year. Inflation rate is 8.2% according to the Center for Statistics of Iran and 9.9%, according to the […]
Tehran, Moscow discuss further expansion of economic ties
TEHRAN – Iranian Finance and Economic Affairs Minister Masoud Karbasian met with Russian Economy Minister Maxim Oreshkin on Monday to discuss further expansion of mutual economic cooperation, Shada news agency reported. The Iranian minister emphasized developing economic ties between the two countries’ provinces especially those adjacent to Caspian Sea, as a strategic approach to increase […]
ICCIMA, ECO hold 16th general assembly
TEHRAN- The 16th general assembly of Iran Chamber of Commerce, Industries, Mine and Agriculture (ICCIMA) and Economic Cooperation Organization (ECO) was held at the place of ICCIMA in Tehran on Monday, IRIB news reported. The meeting was attended by Iranian Transport Minister Abbas Akhoundi, ICCIMA Head Gholam-Hossein Shafeie, chairmen of Iran’s Chambers of Commerce, and ambassadors […]
Iran, Russia, Kazakhstan reach agreement on grain trade
Representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed a trilateral MoU on grain trade on Sunday in Moscow. Concurrent with the official visit of Iranian Minister of Economic Affairs and Finance Masoud Karbasian to Moscow, representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed late on […]
Persian Gulf Star Refinery to make Iran a gasoline exporter
Iran’s Persian Gulf Star Refinery in the southern province of Hormozgan is the first of its kind designed based on gas condensate feedstock recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf. Construction of the refinery started in 2006, but the project was delayed as the result of some […]
Tax income accounts for 8% of Iran’s GDP
TEHRAN- The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, according to Head of National Tax Administration Kamel Taqavinejad. The official said the figure should reach 11 percent by the end of the country’s Six Five-Year National Development Plan (March 2021), IRNA reported on Sunday. President Hassan Rouhani’s economic […]