The MD of Ares Bank of Spain announced on Tuesday the readiness of this bank for issuing a credit line of short-term finance between Iran and Spain. Luis Casado, Managing Director of Ares Bank of Spain announced the readiness of this bank for issuing a credit line of short-term finance with the value of 100 […]

TEHRAN- Head of Mechanization Department of Iran Agriculture Ministry predicted that 20 trillion rials (about $446.8 million) of facilities will be allocated for mechanization of domestic agricultural sector during the upcoming Iranian calendar year (starting March 21), IRIB news reported on Monday. According to Kambiz Abbasi, 12 trillion rials (about $268 million) of the facilities […]

TEHRAN- The number of permits for establishing industrial units rose 19 percent in the first ten months of the current Iranian calendar year (March 21, 2017-January 20, 2018) from the same period of time in the past year, according to Deputy Industry Minister Mohsen Salehinia. In a press conference on Monday, the official said 16,060 […]

An official at Zarandieh Governorate Mohammad Ghanati said South Korea will invest in the construction of a solar power plant in Zarandieh county in Iran, the media reported. A South Korean delegation visited the solar power plant site in Markazi province, Ghanati said, adding an area of 28 hectares has been allocated for the implementation of the project. The South Korean side […]

TEHRAN – Managing Director of Iran Small Industries and Industrial Parks Organization (ISIPO) Sadegh Najafi said the organization has 37 major projects underway with $2 billion of foreign investment. “We have extensive planning to attract foreign investment in our projects; in this regard ISIPO seeks to present highly profitable projects to foreign companies as well […]

TEHRAN- During the first 11 months of the present Iranian calendar year (March 21, 2017- February 19, 2018) above 1.035 quadrillion rials (about $23.11 billion) of goods have been traded at Iran Mercantile Exchange (IME), registering 39 percent increase in comparison with the same period in the previous year, IRNA quoted the CEO of Iran […]

The visiting Omani Minister of Tourism Ahmed bin Nasser al-Mahrizi met with the Chief of Iran Cultural Heritage, Tourism and Handicrafts Organization (CHTHO) Ali-Asghar Moonesan in Sa’adabad Historical and Cultural Complex on Saturday Feb. 24. The two sides exchanged their views on the issues of tourism and cultural heritage and emphasized to broaden and enhance […]

Director general of Kurdistan province Customs Office Bakhtiar Rahmanipour revealed the 113 percent growth of goods import from borders of this province in the 11 months of the current Iranian calendar year in 1396 (to end March 20, 2018) as compared to the same period of last year. Speaking on late Saturday at 11th session […]

TEHRAN- Iran’s light crude oil price fell $3.18 in the week ended on February 16 to settle at $59.96 per barrel, Shana reported on Saturday. The country’s light oil price was reported $66.20 on average since the beginning of 2018 until February 16. Iran’s heavy crude oil also experienced a $2.71 fall in the said […]

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the eleventh Iranian calendar month Bahman (February 19) compared to the same period in the previous year hit 9.9 percent. It is while the Statistical Center of Iran had previously put the inflation […]