TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian and Azerbaijani Economy Minister Shahin Mustafayev discussed the ways to boost economic cooperation between the two countries in different sectors. In a joint press conference after their meeting in Baku on October 26, Karbasian said: “Fields of cooperation between Iran and Azerbaijan have fortunately increased and […]

TEHRAN- Iranian Transport and Urban Development Minister Abbas Akhoundi and Russian Minister of Construction Housing and Utilities Sector Mikhail Men signed an MOU on construction of houses on Thursday. The two sides, in Moscow, agreed on exchange of experience in housing sector and construction of houses in major cities, IRNA reported. According to the Russian […]

TEHRAN- Iran’s crude oil exports for October are set to stand at 2.09 million barrels per day (bpd), Reuters reported quoting a person with knowledge of the country’s tanker loading schedule. As reported, the country’s crude exports are set to fall 480,000 bpd from 2.57 million bpd in September. However exports to Japan are set […]

TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost. He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported. The Iranian envoy said Iran’s gas pipeline (IP) project could […]

TEHRAN  – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]

TEHRAN – China’s September oil imports from Iran increased 59 percent from the same month a year earlier, Reuters reported citing the country’s customs data. The country Shipped in about 784,060 barrels per day (bpd) or 3.22 million tons of Iranian crude in September, compared with 1.9 million tons in the same period in 2016. […]

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from October 25 to 28 at the Tehran Permanente International Fairground, IRIB news reported on Wednesday. The three international exhibitions include the 4th International Exhibition of Footwear, Bag, Leather and Related Industry, the 16th International Exhibition of Heating, Cooling, Ventilating, Air Conditioning and Refrigerating, and […]

TEHRAN – Tehran Mayor Mohammad Ali Najafi highlighted efforts to attract foreign investments to develop the Iranian capital, saying more than 100 mega projects are being planned to be carried out with foreign investments. Najafi said his key vision for Tehran is to bolster exchanges and contacts with leading cities of the world in finance, […]

TEHRAN- Creation of competitive advantage is the key for railway development in Iran, according to Saeed Mohammadzadeh, the managing director of Islamic Republic of Iran Railways (known as RAI). In the general policies of the country, for example for preparing the five-year national development plans, railway has been always the main pivot when it comes […]

TEHRAN- Iran and South Africa signed a document on cooperation in banking, development and investment, biotechnology, nanotechnology, agriculture, transportation, fisheries, beekeeping and shipping, IRNA reported on Monday. The document was signed between Iranian Foreign Minister Mohammad-Javad Zarif and South Africa’s Minister of International Relations and Cooperation Maite Nkoana-Mashabane during the 13th meeting of Iran–South Africa […]