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 […]

TEHRAN- The value of Iran’s saffron exports during the first five months of the current Iranian calendar year (March 21-August 22) rose 16.22 percent compared to the same period of time in the previous year, IRNA reported. As reported, some 68.640 tons of saffron worth $92.623 million was exported to 55 different countries during the […]

TEHRAN – First Vice-President Es’haq Jahangiri announced on Saturday that Iran’s annual non-oil exports currently stand at $47 billion and the country is hopeful that the figure will hit $100 billion per annum in the future, Tasnim news agency reported. He made the remarks addressing the 21st ceremony on the National Exports Day at the […]

French businesses will meet with foreign and finance ministry officials this week to get better acquainted with the possible consequences of Trump’s decertification of Iran nuclear deal on doing business with Tehran, Reuters reports. According to Reuters, French businesses which seek to tap the Iranian market have been invited by the Medef business group, officials […]

Nissan said Thursday it was suspending all production destined for the local market, as Japan’s number-two automaker grapples with a mounting inspection scandal that has already seen it recall some 1.2 million vehicles. “Nissan decided today to suspend vehicle production for the Japan market at all Nissan and Nissan Shatai plants in Japan,” it said […]

TEHRAN – Iranian Finance and Economic Affairs Minister Masoud Karbasian in separate meetings with his Italian, Indian, and Afghan counterparts discussed ways for boosting bilateral ties. The meetings were held on the sidelines of the 2017 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, Shada reported on […]

Iranian national flag carrier Iran Air’s deal with the French giant plane maker Airbus on January 28, 2016 for the purchase of 118 Airbus jets worth $27 billion was among the first deals the country signed with Europe after the implementation of its nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), which lifted […]