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, […]

TEHRAN- Iranian Transport and Urban Development Minister Abbas Akhoundi and Turkish Minister of Transport, Maritime Affairs and Communications Ahmet Arslan conferred on major mutual transportation ties, IRNA reported on Friday. In their meeting, the two ministers addressed the issue of transit of Turkish goods to Qatar via Iran.  Transit of Turkish goods via the Iraqi […]

TEHRAN- Development phases of Iran’s South Pars gas field (in the Persian Gulf) will be completed within one and half years, according to Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field. Meshkinfam said 85 percent of the phases are complete so far and […]

TEHRAN- In a move to increase bilateral trade, the central banks of Iran and Turkey signed a deal to trade in their local currencies. The document was signed on Thursday by Central Bank of Iran Governor Valiollah Seif and his Turkish counterpart Murat Çetinkaya during the trip of Iranian First Vice-President Es’haq Jahangiri to Turkey. […]

TEHRAN- Top economic foreign officials and investors are to attend an international exhibition and an international conference on Iran’s capital market on the southern Iranian Kish Island in late October, the Head of Public Relations at Securities and Exchange Organization Yaser Fallah announced. As Tasnim news agency quoted him as saying on Monday, some 45 […]