TEHRAN- In a meeting with Iranian Finance and Economic Affairs Minister Masoud Karbasian, Malaysia’s Minister of Finance Johari Abdul Ghani announced that he will lead an economic delegation to Iran in early 2018, Shada news agency reported on Monday. During the meeting which was held on the sidelines of the 2017 Annual Meetings of the […]

TEHRAN – South Korea’s oil imports from Iran jumped 43.1 percent to 14.03 million tons, or 377,059 barrels per day (bpd), in January-September of 2017 from 9.81 million tons over the same period last year. The Asian country’s intake of Iranian crude in September increased 22.8 percent from the same month a year earlier, Reuters […]

TEHRAN – According to Reuters’ report, Iran’s exports of crude oil to South Korea reached the highest level in six months in September, thanks to sanctions relief. As the world’s fifth biggest crude importer, South Korea shipped in 1.83 million tons of crude oil from Iran in September which equals to 446.148 barrels per day […]

TEHRAN- Iran’s liquidity in the fifth month of current Iranian calendar year, Mordad (July 23-August 22, 2017), showed 24.3 percent rise compared to the same time in the previous year. According to a report released by the Central Bank of Iran (CBI), liquidity stood at 13.66 quadrillion rials (about $340.05 billion) in the said month. […]

TEHRAN – Azerbaijani Railways (ADY)’ chairman said ADY is preparing for the beginning of rail freight transportation in the direction of Iran, ABC.AZ reported on Friday. According to Javid Gurbanov, a container terminal in Iranian Astara is expected to open in late November. “Trains in the direction of Astara (Azerbaijan) – Astara (Iran) will begin […]

TEHRAN – Iran and Afghanistan signed a memorandum of understanding (MoU) on Saturday to expand their bilateral trade cooperation. The document was signed in Washington between Iranian Minister of Economic Affairs and Finance Massoud Karbasian and Afghanistan’s Finance Minister Eklil Ahmad Hakimi. Mohammad Khazaei, the head of the Organization for Investment, Economic and Technical Assistance of […]

TEHRAN – An Iranian delegation headed by Islamic Republic of Iran Broadcasting (IRIB) director Abdol-Ali Ali-Asgari arrived in Damascus, Syria on Friday to hold meetings with a number of cultural officials of the country. He visited Syria’s General Organization of Radio and TV on the first day of his trip and met with a number […]

TEHRAN- Korea Airports Corp. said Thursday that it signed a contract with an Iranian company for selling navigational aid systems and airport equipment in Iran. The contract with Iranian construction company Tolid Malzomat Bargh was signed Tuesday at the Inter Airport Europe (IAE) trade fair in Germany, the Korea Herald reported. TMB Co., which designs […]

TEHRAN- Czech Deputy Minister of Industry and Trade Eduard Muricky announced that his country will transfer technological knowledge and experiences to Iran during the third round of Iran-Czech joint industrial task force, IRNA reported on Sunday. Addressing the reporters on the sidelines of the signing ceremony of an industrial cooperation document between Industrial Development and […]

TEHRAN- Iranian Deputy Transport Minister Asghar Fakhrieh Kashan announced that allocation of $12 billion of finance is to be finalized for being used in transport and urban development projects, ILNA quoted the official as saying on Sunday. Explaining that no ceiling has been predicted for allocation of the approved $55 billion of finances in Iran’s […]