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 […]

TEHRAN- Iran-Turkmenistan Joint Chamber of Commerce was officially opened in Tehran on October 11, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Saturday. According to the report, Mohammad-Reza Karbasi, the ICCIMA deputy head for international affairs, and Behrouz Olfat, director of Europe and America Department at the Trade Promotion […]

TEHRAN- Iran’s light crude oil price fell $1.69 in the week ended on October 6 to settle at $55.31, IRNA reported on Saturday. Also, the country sold its heavy crude oil at $53.27 per barrel in the said week, down $1.26 compared to its preceding week. Meanwhile, with $1.4 fall from its preceding week, Organization […]

TEHRAN – Azerbaijani Railways (ADY)’ chairman said ADY is preparing for the beginning of rail freight transportation in the direction of Iran, ABC.AZ reported on Friday. According to Javid Gurbanov, a container terminal in Iranian Astara is expected to open in late November. “Trains in the direction of Astara (Azerbaijan) – Astara (Iran) will begin […]

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 […]