TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) compared to the same period in the previous year hit 8.2 percent. The figure shows 0.2 percent rise from the inflation rate for the 12-month […]

TEHRAN – In a meeting at Management and Planning Organization of Iran on Monday, Transport and Urban Development Minister Abbas Akhoundi outlined the ministry’s programs for expansion of the country’s railway network. As IRNA reported, the minister said 516 kilometers of railroad is going to be built by the end of the current Iranian calendar […]

TEHRAN – The value of exports from Iran’s Small and Medium Enterprises (SMEs) reached $1.1 billion in the first seven months of the current Iranian calendar year (March 21-October 22), IRNA reported. According to Ali Yazdani, the managing director of Iran Small Industries and Industrial Parks Organization, the figure is expected to reach $2 billion […]

TEHRAN – The first Iran-Germany Joint Energy Committee meeting was held in Tehran on Tuesday, Shana reported. Addressing the meeting, Iranian Deputy Oil Minister for International Affairs and Trading Amir Hossein Zamaninia touched upon the two countries’ long history of cooperation and said Iran and Germany have great potentials for mutual cooperation in various areas […]

TEHRAN- To stimulate an increase in bilateral trade between the two countries, South African Minister of Small Business Development Lindiwe Zulu requested Iran to ease the visa requirements for South African business-people, BusinessReport reported on Wednesday. The African minister made the remarks on Tuesday during South Africa-Iran Business Forum held on the margins of the […]

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 – Amir Hossein Zamaninia, Iran’s deputy oil minister for international affairs, said the country is expected to sign over $20 billion worth of oil and gas deals in the next year. “Iran is currently negotiating 28 provisional agreements with foreign oil companies,” Zamaninia told Financial Times. According to the official, the negotiations are underway […]

TEHRAN – Belgium’s Exmar is in talks with National Iranian Oil Company (NIOC) to use its floating liquefied natural gas vessel for liquefaction and export of Iranian natural gas, Reuters reported. NIOC said in a statement on its website it would supply natural gas for the project, led by Norway’s IFLNG which is a subsidiary […]

TEHRAN- Indian government plans to set up a panel of secretaries on development of the Iranian southeastern port of Chabahar. The panel will look into issues related to easing of financial terms and other contractual issues, in order to make the project more lucrative for private investors which New Delhi plans to attract for assisting […]