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 […]

TEHRAN- Maintenance services were completed at the platforms of Iran’s South Pars gas field in the Persian Gulf in a bid for stable production during the coming winter. Maintenance operations were conducted at 17 platforms in the field during 179 days since April 21, Public Relations Department of Pars Oil and Gas Company (POGC), […]

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 […]

TEHRAN- Iran and Switzerland are opening new avenues for developing easier banking transactions, Iranian Deputy Finance Minister Mohammad Khazaei told reporters after his Sunday meeting with Switzerland’s Vaud Economics Minister Philippe Leuba in Tehran, Shada news agency reported. Khazaei, who is also the managing director of Organization for Investment, Economic and Technical Assistance of Iran […]

TEHRAN- Iran Transportation and Logistics Forum was held at IRIB International Conference Center in Tehran on November 5 and 6, IRNA reported. Iranian Transport Minister Abbas Akhoundi, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Chairman Masoud Khansari, and European Logistics Association President Paolo Bisogni were among speakers in the inaugural ceremony of […]

TEHRAN – Siemens, the German industrial group, has shipped the second F-class gas tribune to Iran, a report said. Siemens has shipped the second F-class gas turbine for the project Bandar Abbas to Iran, Iranian media reported on Saturday. The first of the two F-class gas turbines to be used at the Bandar Abbas power […]

TEHRAN – Phil Hogan, European Union commissioner for agriculture and rural development, has predicted a bright future for economic cooperation between Iran and the European Union, particularly in food and agriculture sectors. “We seek to tighten bilateral ties between Iran and the EU which secures interests of both sides,” he said. Hogan, leading a 70-member […]

TEHRAN – First Vice-President Es’haq Jahangiri has confirmed his attendance to the 4th meeting of Gas Exporting Countries Forum (GECF) which is due to be held from November 21 to 24 in the Bolivian city of Santa Cruz, Tasnim reported. According to Bolivian Foreign Minister Fernando Huanacuni, officials from Equatorial Guinea, Venezuela and Paraguay have […]

TEHRAN – A member of Iran’s Money and Credit Council attributed major global banks’ reluctance to build banking links with Iran to the US government’s intimidating policies and obstructionism. Conditions are not still set for Iranian banks to make connection with the world’s top banks, Bahman Abdollahi, member of the highest policy-making body in the […]

TEHRAN – The National Iranian Oil Company (NIOC) is due to discuss the renewal of its LPG export contract with Indonesia’s state-run Pertamina next week, Platts reported quoting a source familiar with the matter. As reported, the parties will review volumes as well as price levels for 2018 exports. Pertamina has had a contract with […]