TEHRAN- Iranian businessmen are exploring expansion of trade and exports opportunities in Philippines, Malaya Business Insight reported on Monday. Oil, fertilizer, coal, and cement are the fields of interest. The governments of Iran and the Philippines are exploring the possibility of sourcing crude oil from the former which would be refined in a third country […]

TEHRAN – Total Chief Executive Officer Patrick Pouyanne said US President Donald Trump’s new aggressive approach to Iran could kill a huge energy investment the French oil and gas major signed with Tehran just four months ago. “Either we can do the deal legally if there is a legal framework,” Pouyanné told CNN on Monday. […]

KARACHI- Expo Pakistan is the biggest trade fair in Pakistan, showcasing the largest collection of export merchandise and services. Foreign exhibitors from neighboring countries also use this platform to display their products. First held in 2005, the success of last Expo Pakistan in 2015 was manifested by the participation of a large number of local […]

TEHRAN- Pakistan’s Foreign Office said the country does not regard Iran, India and Afghanistan’s endeavor to use Iranian southeastern port of Chabahar for bilateral trade as an alliance against the country and the China-Pakistan Economic Corridor (CPEC). “We do not regard it as any kind of alliance against us. Our trade with Afghanistan, Iran and […]

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 […]