TEHRAN- Iran exported 4.614 million tons of crude steel during the nine-month period ended on December 21, with 80 percent rise from 2.565 million tons in the same period of time in the preceding year, Iranian Steel Producers Association announced. Also, the country’s crude steel output witnessed a 16-percent growth in the mentioned nine-month period […]

International bourse will be set up in Special Economic Zones. Secretary of Supreme Council of Free and Special Economic Zones Morteza Bank made the above remarks and said, “good and fair interactions were made with the representatives as member of Parliament Economic Commission, so that there is a logical and principled understanding on the establishment […]

Iranian Minister of Petroleum Bijan Zangeneh says Iran will undergo no damages if the French energy major, Total, fails to invest 500 million dollars in a major gas project in Iran by mid-2019. “If the French company, Total, fails to bankroll at least $500 million in the South Pars 11 project by mid-2019, the Iranian […]

TEHRAN – Iran is expected to export over one million tons (mt) of sponge iron by the end of the present Iranian calendar year (March 20), IRNA reported quoting the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) as saying. The exports of sponge iron, also known as direct-reduced iron […]

Implementation of a contract to electrify the Garmsar-Sari-Gorgan-Inche Burun route in Iran, signed between the Islamic Republic of Iran Railways (IRIR) and Russian railway operator RZD International, will take four years, a report said. The Russian firm said in the report that as part of the contract, RZD International will train IRIR engineers and technicians […]

TEHRAN – International bourse will be set up in Special Economic Zones. Secretary of Supreme Council of Free and Special Economic Zones Morteza Bank made the above remarks and said, “good and fair interactions were made with the representatives as member of Parliament Economic Commission, so that there is a logical and principled understanding on […]

TEHRAN – The Director General of Textile and Clothing Office of the Ministry of Industry, Mine and Trade Afsaneh Mehrabi said that 200,000 tons of clothing and apparel are smuggled into the country per annum. Official reveals 200k tons of apparel smuggled into country annually The Director General of Textile and Clothing Office of the […]

Head of Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) and Deputy Minister of Economic and Finance Affairs Mohammad Khazaee said that political and security stability has promoted Iran’s credit risk rating to a great extent. Speaking in an interview with Mehr News Agency correspondent, he added, “unlike previous years, Iran’s credit risk […]

Purchasing stocks of Chinese banks by Iran’s private sector entities is at the final stage, so that Bank of China (BoC) issued necessary license for this move. Buying stocks of Chinese banks by Iranians has long been raised. For his part, Chairman of Iran and China Joint Chamber of Commerce Asadollah Asgarowladi said, “suitable ways […]

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholamhossein Shafe’ei put Iran’s share of global export market at 0.24 percent. Speaking on Thursday afternoon in commemoration of Exports Day and exemplary exporters in Kerman Province, held at the venue of Kerman Chamber of Commerce, he put the rate for each ton of […]