TEHRAN- Iran’s fishery output stood at more than 1.15 million tons in the past Iranian calendar year (which ended on March 20, 2018), Hassan Salehi, the head of Iran’s Fisheries Organization, announced. The official also put the country’s fishery exports at over 123,000 tons worth $500 million in the past year, with a noticeable growth, […]

Director General of Iranian Northern Railway Yousef-Geran Pasha said Iran’s Northern Railroad will be electrified in cooperation with Russia. Director General of Iranian Northern Railway Yousef-Geran Pasha made the above remark and said that Iranian Northern Railway will be electrified with the cooperation of Russia. He said, “the project to electrify Iranian northern railways will […]

TEHRAN – The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” predicted that Iran’s gross official reserves will reach $108.4 billion in 2018. According to the report, the country’s gross official reserves will experience a $13.3 billion jump in the current […]

TEHRAN – Managing Director of National Iranian Petrochemical Company (NPC) said renowned European companies has expressed willingness for cooperation with Iran’s petrochemical sector, ILNA reported. Pointing to the positive outcomes of the second Iran Petrochemical Value Chain Summit in Paris on April 27, the official said “Several well-known European companies voiced their readiness for cooperation […]

 European business and banking officials stressed that renegotiation of JCPOA is totally impossible. European business and banking authorities are after expanding trade and investment ties in the Islamic Republic of Iran vehemently. Given the above issue, Iran-Europe Business and Banking Forum was held in Tehran early this week in the presence of senior economic and […]

US obstructive moves have deprived Iran of economic benefits of the Joint Comprehensive Plan of Action (JCPOA), the governor of the Central Bank of Iran (CBI) said. Speaking at a televised program on Saturday night, Valiollah Seif said the obstructive policies of Washington have prevented Iran from enjoying the “necessary economic benefits” of the JCPOA, the […]

TEHRAN- Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced that his country has allocated €1.2 billion to the investment-making projects in Iran. The envoy made the remarks during a meeting with the members of the Chamber of Commerce of Abadan (a city in southwest of Iran) on Saturday, IRNA reported. “Agreement on the banking […]

Member of Representatives Board of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Masoud Khayyatzadeh pointed to the single digitization of exchange rate in the country and said, “unification of exchange rate is the most important decision adopted by government’s economic team in the current Iranian calendar year in 1397 (started March 21, 2018).” […]

Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekezare said that Peugeot 301 passenger car will hit Iranian car market in the next Iranian calendar year in 1397 (to start March 21, 2018). Speaking in the unveiling ceremony of book on the sustainable performance and social responsibility of Iran Khodro Industrial Group (IKCO), he […]

 Manager of the Central Bank of Iran (CBI) Ferdows Zare’ for Compliance Affairs pointed to tracking transactions in Society for Worldwide Interbank Financial Telecommunication (SWIFT) as pilot and said, “according to CBI instructions, banks are obliged to approve and notify the Compliance Charter in the highest level.” Speaking in 6th Iran-Europe Business Forum, held in […]