TEHRAN- South Korea will construct a dam in west of Iran, South Korean Ambassador to Tehran Kim Seung told IRIB news in an exclusive interview. The dam with a height of over 300 meters to be built on Bakhtiari River in Iran’s western city of Khorram-Abad through cooperation of South Korean companies will be one […]

TEHRAN – The value of trade between Iran and China registered a 24 percent rise in the first eight month of 2017 to exceed $24 billion, Tasnim news agency reported. According to China’s customs administration, the two countries’ trade turnover for the first eight months of 2016 stood at $19.5 billion while the figure was […]

TEHRAN- The Fourth International Exhibition of Footwear, Bag, Leather and Related Industry of Iran, which is going to be held in Tehran from October 25 to 28, will host 230 Iranian and foreign companies. Trade delegations from Russia, China, Italy and Turkey will also visit the exhibition, which will be held at the Tehran Permanent […]

TEHRAN – The exports of 35 Iranian products from industry and mining sectors rose from 10% to 300% during the first six months of the current Iranian calendar year (March 21-September 22), the portal of Trade Promotion Organization (TPO) of Iran reported. According to Masoud Kamali Ardakani, director general of the office for export development […]

TEHRAN- Through the arrival of the first vessel Iran has purchased from South Korea on March 2018, the average life of the Islamic Republic of Iran Shipping Lines (IRISL)’s fleet will be reduced to 12 years from the current 16 years, according to IRISL managing director. As Mohammad Saeedi announced, the rest nine vessels will […]

During weekdays ending up to 19 October, 604,409 MT of commodities worth over $281 million were traded in Iran Mercantile Exchange, showing a growth of 17% in trade volume. According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 281,769 MT […]

Iran’s economic growth, excluding oil, reached 7% during a one-year period from March 2016 to March 2017. Javad Hosseinzadeh, a senior official with Statistical Center of Iran, made the announcement adding that the country’s gross domestic product (GDP), including oil, grew from 50.1 billion dollars to 53.6 billion dollars in the same period indicating a […]

The latest market figures show the level of trade between Iran and China increased by almost a quarter over the past eight months. Reports quoted China’s customs department as announcing that the level of trade between the two countries from January to August 2016 stood at $19.5 billion. This is while, reports said, their trade […]

TEHRAN – The ten container ships Iran has purchased from South Korea will pull down the average age of the country’s fleet of cargo ships by four years, an official announced. CEO of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi said Iran will take delivery of the first South Korean container ship […]

TEHRAN – Iran’s Oil Minister Bijan Zanganeh said oil prices are still under influence of OPEC and US President Donald Trump’s threats against Iran have left no effect on the global oil market. “If Donald Trump’s threats against Iran had any value to the international community, oil prices should have rose up to about 65 […]