TEHRAN- Increasing 59 percent, Iran’s exports to Turkey hit $7.49 billion in 2017, according to the latest report of Turkish Statistical Institute (TurkStat). Iran’s exports to Turkey was $4.69 billion in 2016, the same report confirmed. Iran-Turkey trade stood at $10.75 billion in 2017, growing 11 percent in comparison with the previous year when the […]

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put the country’s iron ore reserves at 3 billion tons, IRIB news reported. According to Mehdi Karbasian, the country plans to increase its current 21 million tons of steel production to 55 million tons by the end of Iranian calendar year […]

TEHRAN – Several development projects worth near 100 trillion rials (over $2.2 billion) were inaugurated during the trip of President Hassan Rouhani to Kerman Province in southeast of Iran on Thursday. The president was accompanied by a delegation of ministers and high ranking officials, IRNA reported. As part of the inaugurations, President Rouhani and Agriculture […]

Managing Director of Thermal Power Plants Holding Company says that his company has signed an agreement with Japan’s JICA for two power plants. Mohsen Tarztalab said on Wednesday that his company has signed an agreement for Shahid Mofateh and Shahid Rajai power plans with Japan’s JICA (Japan International Cooperation Agency), enabling an agreement between the […]

TEHRAN – Iran’s tourism body has recently unveiled a smart management network that makes it easy for integrating and monitoring all nationwide data on travel and hospitality sectors. Cultural Heritage, Handicrafts and Tourism Organization Deputy Director Mohammad Moheb-Khodaei said on Monday that the centralized network, which is in the reach of everyone, provides useful information […]

A wise person once said: “You don’t know what you’ve got until it’s gone”. But the extraordinary scenes on Sunday in the Majlis in respect of Iran’s budget due to the subsidy question reminded me of the converse saying: “You don’t know what you haven’t got until you see it”. The Fintech boom In the […]

 National Iranian Gas Company spokesman says that gas consumption in Iranian household crossed the 570 million cubic meter today, the highest consumption of natural gas in recent years. National Iranian Gas Company spokesman Majid Boujarzadeh said that in on February 4, 2017, Iranian household consumed 538 million cubic meters of natural gas, while this figure […]

General Manager of Iranian Investment Organization Mohammad Khazaei said here on Tuesday that China’s direct investment in Iran has experienced a considerable 20 percent. He pointed to the ever growing development of all-out relations between Tehran and Beijing and said, “Chinese company made direct investment, valued at $2.3 billion, in Iran since 2013 up to […]

TEHRAN– Iranian oil minister said on Tuesday that the Turkmenistan-Afghanistan-Pakistan-India Pipeline (TAPI) is unlikely to be built, blaming the Pakistani side for failing to complete Iran-Pakistan pipeline. Referring to the construction of a pipeline to transfer gas from Turkmenistan to the Indian subcontinent with Saudi Arabia’s finance, Bijan Namdar Zanganeh said “there are barriers to […]

TEHRAN- Iranian Privatization Organization (IPO) has transferred 4.054 trillion rials (about $89.59 million) worth of the state-run shares to the private sector during the ten-month period ended on January 20, Tasnim news agency reported on Monday. The government envisioned a large privatization program in the Fifth Five-Year National Development Plan (2010-2015), aiming to privatize about […]