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, Tasnim news agency reported on Saturday. According to a report released by the Central Bank of Iran (CBI), liquidity stood at 13.66 quadrillion rials (about […]

TEHRAN-Iran’s exports of electricity to its neighboring countries increased by 25 percent in the first six months of the current Iranian calendar year (March 21-September 22) compared to the same period last year. According to Hooshang Falahatian, the deputy energy minister, Iran exported 5.162 million Kilowatt hours (mkwh) of electricity during the first half of […]

TEHRAN- The two day Iran-Iraq business forum kicked off at the Tehran’s Summit Conference Hall on Sunday, IRNA reported. As reported, Iran’s Vice President for Economic Affairs Mohammad Nahavandian, a director from Supreme National Security Council, and the CEO of Iran Mercantile Exchange Hamed Soltaninejad, as well as Iraqi deputy ministers of trade and industry, […]

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Donald Trump’s stance on the nuclear deal between Iran and six major powers will not have much impact on global oil prices, Reuters reported citing Iranian TVs. Trump refused on Friday to formally certify that Tehran was complying with the 2015 accord even though international inspectors […]

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- In one of its latest reports the World Bank (WB) has predicted a moderate but steady growth for Iran’s gross domestic product (GDP) in 2017 through 2019. The publishing of this report has coincided with Donald Trump’s recent decision on withholding certification of Iran nuclear deal and passing it to the Congress, which […]

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian in separate meetings with the French and Danish ministers, on the sidelines of the 2017 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) in Washington, discussed ways for boosting bilateral ties, Shada news agency reported on Sunday. In his meeting […]

TEHRAN – Central Bank of Iran (CBI) and Export Insurance Agency of Russia (EXIAR) signed a financing memorandum of understanding (MOU) on Sunday. The MOU was signed by Seyed Ahmad Araqchi, CBI’s vice governor for foreign exchange affairs, and Alexey Tyupanov, EXIAR’s chairman of the management board, CBI’s official website reported. During their talks, the […]

TEHRAN- The 18th International Exhibition of Telecommunications, Information Technology & Innovative CIT Solutions of Iran (Iran Telecom 2017) kicked off on Monday at the Tehran Permanent International Fairgrounds, IRNA reported. The four-day event is hosting 225 Iranian and 102 foreign companies from Slovenia, Britain, Germany, Taiwan, China, Russia, Japan, Switzerland, France , Finland, Kazakhstan, Canada, Latvia, […]

TEHRAN – Some 363 foreign and domestic companies are participating in the 13th Iran International Water and Wastewater Exhibition (Watex 2017) which kicked off on Saturday at the Tehran Permanent International Fairgrounds. Alongside 258 Iranian companies, 105 exhibitors from Italy, Turkey, Germany, Azerbaijan, Hungary, China, France, Spain, Denmark, South Korea, India, Switzerland, Austria, United Kingdom, […]