TEHRAN – Organization for Investment, Economic and Technical Assistance of Iran (OIETAI) has approved 31 new foreign investment projects, worth $712 million. “Based on the sixth five-year national development plan (2016-2021), the ministry of finance and economic affairs and the central bank should attract $3 billion of foreign investments per annum,” IRNA quoted OIETAI Managing […]

TEHRAN – Iran’s crude steel exports are expected to reach a record high of 8 million tons by the end of the current Iranian calendar year (March 20, 2018). Head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mehdi Karbasian, said the country exported 3.5 million tons of crude steel during […]

TEHRAN – The price of Iran’s light crude oil in the week ended on November 3 rose $2.59 to stand at $60.04 per barrel, IRIB reported on Sunday. The country’s light oil price was reported $50.39 on average since the beginning of 2017 until November 3. According to the report, Iran sold its heavy crude […]

TEHRAN – The price of Iran’s light crude oil in the week ended on November 3 rose $2.59 to stand at $60.04 per barrel, IRIB reported on Sunday. The country’s light oil price was reported $50.39 on average since the beginning of 2017 until November 3. According to the report, Iran sold its heavy crude […]

TEHRAN- Iranian Deputy Industry Minister Reza Rahmani said the Industry Ministry plans to set up 6,000 new industrial units creating 50,000 jobs in the country by the end of current Iranian calendar year (march 20, 2018), IRNA reported. Mentioning production flourishing one of the main policies of Resistance Economy, the official announced that some 50 […]

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 […]