TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost. He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported. The Iranian envoy said Iran’s gas pipeline (IP) project could […]

TEHRAN  – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]

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 – Tehran Mayor Mohammad Ali Najafi highlighted efforts to attract foreign investments to develop the Iranian capital, saying more than 100 mega projects are being planned to be carried out with foreign investments. Najafi said his key vision for Tehran is to bolster exchanges and contacts with leading cities of the world in finance, […]

TEHRAN- Creation of competitive advantage is the key for railway development in Iran, according to Saeed Mohammadzadeh, the managing director of Islamic Republic of Iran Railways (known as RAI). In the general policies of the country, for example for preparing the five-year national development plans, railway has been always the main pivot when it comes […]

TEHRAN- Iran and South Africa signed a document on cooperation in banking, development and investment, biotechnology, nanotechnology, agriculture, transportation, fisheries, beekeeping and shipping, IRNA reported on Monday. The document was signed between Iranian Foreign Minister Mohammad-Javad Zarif and South Africa’s Minister of International Relations and Cooperation Maite Nkoana-Mashabane during the 13th meeting of Iran–South Africa […]

Tehran Stock Exchange (TSE) hosted a conference on Sunday to attract more foreign capital via introducing foreigners to Iranian capital market and making Iranian firms aware of the pre-requisites for attraction of foreign investments such as financial transparency, compliance standards, feasibility studies, business plans, and risk ratings. Titled “Attracting Foreign Capital to Iran (2017)”, the […]

TEHRAN – Rosneft is negotiating with Iran to set up a supply chain to deliver oil from Iran and Central Asia nations to the global markets, Igor Sechin, chief executive of Russia’s oil major, said on Thursday. Rosneft will forge a partnership with China’s CEFC firm in a number of projects including exploration, production, refining, […]

TEHRAN- An Iran- Uzbekistan business forum was held at the Trade Promotion Organization (TPO)’s Morvarid Conference Hall in Tehran on Thursday, TPO portal reported. The so called forum was attended by high ranking officials from both sides including Iranian Deputy Industry Minister and Head of TPO Mojtaba Khosrotaj, Uzbekistan’s Foreign Minister Abdulaziz Kamilov and Foreign Trade Minister Elyor […]