The International Monetary Fund (IMF) says Saudi Arabia has a weak economic growth and a rising unemployment level, advising the country to slow down austerity measures it has been adopting in order to curb a huge budget deficit. The IMF’s latest report on its annual economic consultations with the kingdom, published Thursday, projected a below 2 […]

TEHRAN – The 34th Tehran International Short Film Festival (TISFF) announced on Wednesday that seven films by Iranian filmmakers will be screened in its official competition section. “Ara” by Yusef Kargar, “Marzieh” by Dornaz Hajiha, “Maned and Macho” by Shiva Sadeq-Asadi and “Animal”, co-directed by Bahram and Bahman Ark, are among the films. Also included […]

TEHRAN- “Iran’s National Development Fund (NDF) will allocate $2 billion to the exports sector,” Finance Minister Masoud Karbasian was quoted on Tuesday by the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) as saying. Karbasian made the remarks on the sidelines of the Government-Private Sector Negotiation Council’s meeting, where ICCIMA Head Gholam-Hossein […]

TEHRAN- Iran’s non-oil trade during the first half of the current Iranian calendar year (March 21-September 22) hit $44.139 billion, a six percent rise from $41.674 billion in the same time span of the past year, Tasnim reported citing Islamic Republic of Iran Customs Administration (IRICA). According to the latest report published by IRICA, Iran’s […]

TEHRAN – The second edition of Iran’s International Exhibition of Machinery, Equipment, Accessories and Raw materials of Wood Industry kicked off on Tuesday at Shahr-e-Aftab International Exhibition Center in Tehran, IRIB news reported. Alongside Iranian exhibitors, participants from different countries like Germany, Austria, Spain, Italy, China, Hong Kong, South Korea, Turkey, and Taiwan are showcasing […]

TEHRAN – The National Iranian Oil Company (NIOC) and Russia’s energy giant Lukoil have signed two Memoranda of Understanding (MoUs) in the field of geological prospecting, an oil industry source said. “At the beginning of the visit of Iranian Oil Minister Bijan Zanganeh to Russia, a Memorandum of Understanding was signed between the National Iranian […]

Iran and China have reached initial agreement for dispatch of six freight trains linking Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region and Iran’s capital Tehran, by end of 2017. Director of Transportation Department at the Islamic Republic of Iran Railways Ebrahim Mohammadi made the announcement on Thu. in a ceremony marking the arrival […]

Iran’s Oil Minister Bijan Namdar Zanganeh flied to Moscow on Tuesday to attend the 19th Ministerial Meeting of the Gas Exporting Countries Forum (GECF). Due on October 4, the Gas Exporting Countries Forum (GECF) is an international governmental organization which provides the framework for exchanging experience and information among Member Countries. GECF is a gathering of the world’s leading […]

Iran’s nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA), opened gateways for European countries to boost their trade ties with Iran finding a share in its untouched lucrative market. Being implemented in mid-January 2016, JCPOA made European countries race to front of queue to enter various economic sectors in Iran. Among them […]

TEHRAN – Vietnam intends to export rice and shrimp to Iran, and has voiced readiness to purchase fish powder, bone powder and meat from Iran. According to the Ministry of Agriculture, Iran’s Deputy Agriculture Minister Hassan Salehi met with the head of Iran-Vietnam Trade Council to discuss the ways to expand bilateral trade cooperation in […]