Iran has announced an increase of 13 percent in truck transit activities through its territory in what could be a sign of the significance of the country’s location in regional trade.    Iran’s Customs Administration in a statement said about 542,000 trucks had crossed the country’s border checkpoints points over a period of nine months […]

Volkswagen said Sunday that its namesake brand sold more vehicles worldwide in 2017 than ever before, a sign it is recovering from a bruising emissions-cheating scandal three years ago. “We finished 2017 with the best performance ever for Volkswagen,” Herbert Diess, chairman of the board of management of the Volkswagen passenger cars brand, said Sunday […]

Deputy Minister of Energy for International Affairs Alireza Daemi said about 60 percent of European Union’s investment in the Islamic Republic of Iran belongs to Germany. Daemi made the remark on late Sunday in a meeting with the chairman and members of Investment Association of German Companies in Middle East and North Africa (MENA). He […]

TEHRAN — Tehran Municipality has announced plans to renovate 17,000 taxis for the next Iranian calendar year starting on March 21, Tasnim news agency reported on Friday. As per the plan, taxis aging over 10 years should be scrapped aiming to stimulate the automobile industry and remove inefficient, high emissions vehicles from the road. Shahriar […]

TEHRAN – In a bid to ease the travel of pilgrims and expand transportation cooperation, Iran and Iraq signed an air transportation agreement on Saturday. The Civil Aviation Organization of Islamic Republic of Iran (CAOIRI) announced that an air transportation agreement was signed by Iraq’s Transport Minister Kazem Finjan and Iranian Deputy Road Minister and […]

TEHRAN- Private sector accounts for generating 60 percent of electricity in Iran, Energy Minister Hamid Chitchian announced on Saturday. The minister also mentioned foreign countries’ interest in Iran’s power sector and said several power plants have been already built in the country through foreign investment. Iran’s nominal electricity generation capacity is 77,068 megawatts (MW) at present […]

TEHRAN – The National Iranian Gas Company (NIGC) said Iran is currently exporting 42 million cubic meters of natural gas per day. NIGC Managing Director Hamid Reza Araqi said the above, adding exports rose to the number by starting of gas exports to neighboring Iraq. He said export of natural gas to neighboring countries will […]

TEHRAN– Iranian light crude price which has started going up since the beginning of 2018 reached 68 dollars in the week leading to the 5th of January. Iran’s light crude oil price increased by 1.80 cents and reached $67.57 per barrel in the week leading to January 5, Friday. The average price for Iran’s light […]

TEHRAN- The Iranian capital is simultaneously hosting three international exhibitions from January 11 to 14 at the Tehran Permanent International Fairground, IRNA reported on Thursday. The three international exhibitions include the 8th edition of International Exhibition of Architecture, Interior Design, and Modern House (Midex 2018), the first edition of Iran’s international business development exhibition called […]

Deputy Director of International Finance Department of the Central Bank of Iran introduced the 5 billion euro Iran, Italy financing agreement and added that conditions for receiving facilities from this line of credit are better than the National Development Fund. Deputy Director of International Finance Department of the Central Bank of Iran Hamid Ghanbari referred […]