TEHRAN– An official in charge of the Islamic Republic of Iran Railways Hossein Ashouri said, “planning is underway to transport freight from Bandar Abbas and Chabahar to the Central Asian states.” Member of Board of Directors of the company revealed the interest of Indian firms to invest in North-South corridor and said, “Islamic Republic of […]

TEHRAN- Iran-Russia trade grew 70 percent during the past year, Iranian Finance Minister Masoud Karbasian announced after his meeting with Russian Energy Minister Alexander Novak in Tehran on Wednesday morning. Expressing content about the variety of available fields for cooperation between Iran and Russia, Karbasian, who is the Iranian head of Iran-Russia Joint Economic Committee, […]

Head of Plan and Budget Organization Mohammad-Bagher Nobakht put the country’s economic growth in the next Iranian calendar year in 1397 (to start March 21, 2018) at eight percent. Achieving eight percent economic growth, generation of employment opportunities for more than one million job-seeking people in the next year and also planning to accelerate semi-finished […]

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said that international organizations predicted a bright and rosy future for Iran’s economy in 2018. He pointed to the recent developments in the world in the face of Joint Comprehensive Plan of Action (JCPOA), the official title of nuclear deal, and the […]

Parl. Speaker Larijani, while voicing regret over the ongoing Saudi-led diplomatic and trade boycott against Qatar, stressed Iran’s commitment to its friendly relations with the peninsular Arab country. Iranian Parliament Speaker Ali Larijani made the remarks in a meeting with his Qatari counterpart, Ahmad bin Abdullah Al Mahmoud, on the sidelines of the 13th session of Parliamentary Union […]

TEHRAN – Iran exported over $3 billion worth of goods to South Korea during the first nine months of the current Iranian calendar year (March 21-December 21, 2017) up 30 percent compared to its preceding year. Meanwhile, Iran shipped in some $2.48 billion worth of goods from the Asian country, IRNA reported on Tuesday quoting […]

TEHRAN – Iran has exported over 3,000 tons of clothing worth $39 million to other countries during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), IRNA reported on Tuesday. Afghanistan, Iraq, Turkmenistan, Tajikistan, Kyrgyzstan, Pakistan, the United Arab Emirates, Turkey, Oman, Azerbaijan, Kuwait, Armenia, Georgia, Yemen, Germany, the Netherlands, […]

TEHRAN – The joint committee of the Majlis has decided to cut off the annual budget of special organizations and institutes, the committee’s spokesman said on Monday. Ali Asqar Yusofnejad said the committee concluded that the annual budget of non-governmental educational-cultural organizations was “ill-advised”, Mehr reported. Controversy arose after details of the upcoming Persian year’s […]

TEHRAN- Through manufacturing of over 160,000 vehicles in Iran, Renault hit a record high in 2017, according to a report by the Communications Department of Renault Pars (a joint venture established in 2004 between France’s Renault and Iranian car makers Iran Khodro and Saipa). The report said that production of Renault in Iran witnessed a […]

TEHRAN- South Korea’s imports of Iranian crude oil in 2017 rose 29.1 percent from 2016, customs data showed on Monday. The country imported 18.07 million tons, or 362,884 barres per day (bpd) of Iranian oil in 2017, versus 14 million tons in 2016, Reuters reported. South Korea imported 1.08 million tons or 255,081 bpd of […]