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 […]

TEHRAN- The 5th Iran Automotive Industry International Conference (IAIIC) will be held in Milad Tower of Tehran on February 13 and 14, ISNA reported on Monday. As reported, representatives from the world’s renowned carmakers including Peugeot, Renault, Nissan, Mercedes Benz, Volkswagen, Hyundai, Volvo and Scania will participate in the conference. Chinese carmakers including Brilliance Auto […]

TEHRAN- In a meeting with the Central Bank of Iran (CBI) Governor Valiollah Seif, the Swiss Ambassador to Tehran Marcos Lightner expressed his country’s eagerness for the expansion of banking ties with the Islamic Republic. He also said that they are encouraging their banks for more cooperation with the Iranian banks, the portal of CBI […]

TEHRAN- Production from five oilfields of West Karoun region in southwestern Iran has reached 305,000 barrels per day (bpd), Shana reported on Sunday quoting Iranian oil minister. Bijan Namdar Zanganeh noted that the West Karoun oilfields output was 110,000 bpd in the past Iranian calendar year (ended on March 2017). According to Iran’s Petroleum Engineering […]