Bitcoin, the digital currency that has dominated headlines in recent weeks, continued its march higher as it broke for the first time ever above $17,000 on Thursday. Despite queries over its real value and worries about its dangerous bubble, the cryptocurrency has drawn attention of many people in the business community as the fastest growing […]

TEHRAN- Iran and Pakistan finalized the draft of a much-awaited Free Trade Agreement (FTA), official sources told Business Recorder. As reported, this agreement was reached during the third meeting of the Trade Negotiation Committee (TNC) on Pakistan-Iran Free Trade Area Agreement (PIFTA) held on November 21-22, 2017 in Tehran. The sources said that text of FTA […]

TEHRAN- A delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will visit the Netherlands from January 28 to February 1, 2018, the portal of ICCIMA reported. The delegation, to be headed by ICCIMA Chairman Gholam-Hossein Shafeie, includes Iranian entrepreneurs active in agriculture, green energies, irrigation and related industries, healthcare, logistics, transportation, oil, […]

TEHRAN- Transit of goods via Iran rose 21 percent during the first eight months of the current Iranian calendar year (March 21-November 21) compared to the same period of time in the past year, according to a transport official. Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation […]

TEHRAN- Iraq will increase its import of Iranian natural gas which started earlier this year. Iraqi government said in a statement on Tuesday that it has approved a deal to import natural gas from Iran to the eastern border province of Diyala, Reuters reported. Iran has exported 1.2 billion cubic meters of gas to Iraq […]

TEHRAN- India will start export of container cargo to Russia via Iran from January 2018, S. Kumar, the commissioner of Indian Central Board of Excise and Customs (CBEC), announced. The official said this shipment will be done as India moves forward to operationalize international corridor INSTC, India Today reported. The move, he said, would cut down cargo […]

TEHRAN– Turkmenistan plans to take a dispute with Iran over gas supplies to international arbitration, a report said. Turkmen President Kurbanguly Berdymukhamedov discussed the issue with Myrat Archayev, head of state gas firm Turkmengas, Turkmen state news agency TDH said on Tuesday. Archayev told Berdymukhamedov that talks had fallen through and the Iranian side had […]

TEHRAN– Iranian state-owned animal feed importer SLAL has agreed to purchase around 120,000 tons of soymeal in an international tender at the weekend, European traders said on Monday. Traders said the sale was said to have been made by a small trading house believed to be from Russia, according to Reuters. “The main grain houses […]

Free trade zones, as defined by the World Bank, are small duty-free areas offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations.  Establishment of free trade zones in Iran dates back to Iranian calendar year 1368 (March 1989- March 1990) following the fall in the country’s oil income in the preceding year which prompted the government […]

Paris has suggested that Ankara, Cairo, Riyadh and Tehran join the Contact Group on Syria in the future, French Ambassador to Russia Sylvie Bermann told on Monday, adding that the five permanent member states of the UN Security Council did not see eye to eye on this matter. She said that later the permanent members […]