TEHRAN- The International Monetary Fund (IMF) in its latest World Economic Outlook predicted that Iran’s gross domestic product (GDP) will rise $23.3 billion to $427.7 billion in 2017. The report also forecasted a 3.7-percent non-oil GDP growth for the country in 2017, rising from 3.3 percent in 2016, with no change in 2018. IMF’s forecast […]

Iran says it has given the required work permits to the foreign employees of the French energy giant Total thus setting the company in motion to start the development of a key gas project in the country. The employees for whom the work permits were issued included directors as well as experts, Iran’s media quoted […]

Iran toiled for years to reach a deal with world powers to rid itself of harsh economic sanctions. The talks, which were current in the early 2000s but halted during the Ahmadinejad administration (2005-2013) were resumed by President Hassan Rouhani in 2013 to bear fruit in 2015. According to Trend news, The hopes of Iranians […]

TEHRAN – Discriminations against women in oil industry will be removed and there will be no difference between the two genders for working or studying in oil-related fields, Oil Minister Bijan Namdar Zanganeh said here on Saturday. Women will have a share of more than 40 to 50 percent of employments in oil industry, IRNA […]

TEHRAN  – Iranian container ship TOUSKA ran aground after it crashed into eastern tip of Magazine island, South Horizon, Hong Kong. Residents of South Horizon were alerted by crashing noise on Monday, watching sparks from bow’s collision with the ground, Maritime Bulletin reported. At the time of the collision, the ship was moving at high […]

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is planning on establishing nine new chambers jointly with foreign trade partners, the portal of ICCIMA announced. According to the report, South Africa, Poland, Tajikistan, Kuwait, Qatar, Austria, Pakistan, Vietnam and Indonesia will be the new parties to ICCIMA. ICCIMA has already set up […]

 The chairman of the board of directors of IDRO Group, Mansour Moazzami, and the vice chairman of Gazprom signed a memorandum of understanding Sunday on oil, gas and energy. The deputy minister of industry, mine and trade who was present at the ceremony underlined the opportunity this agreement provides for mutual developmental cooperation in the areas […]

The head of Organization for Economic Investment and Technical Assistance of Iran announced an opportunity in inauguration of banking transactions between Iran and Switzerland. Deputy Minister of Economic Affairs and Finance Mohammad Khazaee made the announcement following his meeting with Philippe Leuba, economy minister of Switzerland’s Vaud state during which the two sides discussed expansion […]

Iranian Industry Minister Shariatmadari, while in Iraq, met and talked with Governor of Central Bank of Iraq, Ali Mohsen Al-Allaq. Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari, in line with his earlier talks with a number of senior Iraqi officials, attended a meeting with Ali Mohsen Al-Allaq, Governor of Central Bank of Iraq. […]

TEHRAN – Electricity generation capacity in Iran has increased by 193 megawatts (MW) to 77,446 MW since the beginning of the current Iranian calendar year (March 21, 2017), Tasnim news agency reported on Sunday. Nominal electricity generation capacity will reach 80,000 MW by summer 2018, according to Deputy Energy Minister Houshang Falahatian. The country increased […]