Exports of goods from Iran increased by 6 percent in volume (value in constant prices) in the first half of current Iranian calendar year (began March 21) compared to the similar period a year ago. The Islamic Republic of Iran Customs Administration (IRICA) has released statistics on the country’s foreign trade volume in the first […]

Steel infrastructures of the country need €19 billion worth of financing for the development and growth. Minister of Industry, Mine and Trade Mohammad Shariatmadari made the remark in Policymaking Council of 8th Mine and Steel Industry Outlook Seminar on Sunday, saying, “major portion of the abovementioned finance will be earmarked for the development of rail […]

Russian Energy Minister Alexander Novak has expressed hope to proceed with oil cooperation with Iran within the framework of exchanging oil for goods. Novak rejected a report that Moscow has bought oil from Tehran noting that the Russian state trading enterprise ‘Promsirieimport’ has not purchased Iran’s oil but it is only brokering between Iran and […]

The single-window system is a trade facilitation idea enabling cross-border traders to submit regulatory documents at a single location and/or single entity. Such documents are typically customs declarations, applications for import/export permits, and other supporting documents such as certificates of origin and trading invoices. In Iran, the Islamic Republic of Iran Customs Administration (IRICA) unveiled […]

TEHRAN – MMDIC head said Australians have voiced willingness to develop cooperation with Iran in the mineral sector. Speaking at a meeting with the Australian ambassador to Iran Ian Biggs, Director General of Mines and Metals Development Investment Company (MMDIC), Azizollah Asari, said in addition to taking advantage of potentials and domestic resources, the general […]

As the poster child for the growing ranks of computer-generated currencies, bitcoin’s recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global consciousness. As it rose from under $1,000 to over $19,500 at one point this year, hordes of tech-savvy punters have rushed in to buy, while any […]

TEHRAN- Iran’s light crude oil price rose $1.2 in the week ended on December 15 to settle at $63.23 per barrel, IRNA reported on Saturday. The country’s heavy crude oil price also experienced a $1.02 increase in the said week to settle at $60.49 per barrel. In the mentioned week, Organization of Petroleum Exporting Countries […]

TEHRAN– Iranian Industry Minister Shariatmadari has reported on absorbing of foreign investment worth two billion dollars for the country’s Small and Medium Enterprises (SMEs). Mohammad Shariatmadari, Minister of Industry, Mines and Trade of Iran, said his ministry requires an annual recruitment of at least $ 54 billion in foreign investment in order to realize the […]

A memorandum of understanding for investment in various economic projects has been signed between two Iranian-Chinese companies and economic department of Khuzestan governorate. The Chinese-Iranian companies CREC and PTN held joint meetings with the economic department of Khuzestan governorate aimed at reviewing opportunities for investment in various fields of electricity, energy, transport, water and sewage. […]

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), rose 4.8 percent in the ninth Iranian calendar month Azar (November 23-Decemebr 21), Tasnim news agency reported on Friday. As reported, 7,739 million securities worth 58.68 trillion rials (about $1.407 billion) were traded in Azar, showing 30 percent and 62 percent […]