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. According to a report released by the Central Bank of Iran (CBI), liquidity stood at 13.66 quadrillion rials (about $340.05 billion) in the said month. […]

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 and Afghanistan signed a memorandum of understanding (MoU) on Saturday to expand their bilateral trade cooperation. The document was signed in Washington between Iranian Minister of Economic Affairs and Finance Massoud Karbasian and Afghanistan’s Finance Minister Eklil Ahmad Hakimi. Mohammad Khazaei, the head of the Organization for Investment, Economic and Technical Assistance of […]

TEHRAN – An Iranian delegation headed by Islamic Republic of Iran Broadcasting (IRIB) director Abdol-Ali Ali-Asgari arrived in Damascus, Syria on Friday to hold meetings with a number of cultural officials of the country. He visited Syria’s General Organization of Radio and TV on the first day of his trip and met with a number […]

TEHRAN- Korea Airports Corp. said Thursday that it signed a contract with an Iranian company for selling navigational aid systems and airport equipment in Iran. The contract with Iranian construction company Tolid Malzomat Bargh was signed Tuesday at the Inter Airport Europe (IAE) trade fair in Germany, the Korea Herald reported. TMB Co., which designs […]

TEHRAN- Czech Deputy Minister of Industry and Trade Eduard Muricky announced that his country will transfer technological knowledge and experiences to Iran during the third round of Iran-Czech joint industrial task force, IRNA reported on Sunday. Addressing the reporters on the sidelines of the signing ceremony of an industrial cooperation document between Industrial Development and […]

TEHRAN- Iranian Deputy Transport Minister Asghar Fakhrieh Kashan announced that allocation of $12 billion of finance is to be finalized for being used in transport and urban development projects, ILNA quoted the official as saying on Sunday. Explaining that no ceiling has been predicted for allocation of the approved $55 billion of finances in Iran’s […]

TEHRAN- Russia will set up a trading house in Armenia on the border with Iran, Vestnik Kavkaza reported. It means a joint agreement signed with the Russian Export Center on work in the Free Economic Zone (FEZ) in Armenia, the president of the Armenian public organization ‘International Forum of the Eurasian Partnership’ and the Union […]

TEHRAN – Pakistan’s Cabinet Committee on Energy (CCE) has approved the purchase of additional 100 megawatts (MW) of electricity from Iran, Pakistan Today reported. According to the report the Ministry of Power has been directed to make immediate arrangements and to complete the spadework expeditiously. “For the additional 100MW, transmission line and grid station have […]

TEHRAN- Korea Airports Corp. said Thursday that it signed a contract with an Iranian company for selling navigational aid systems and airport equipment in Iran. The contract with Iranian construction company Tolid Malzomat Bargh was signed Tuesday at the Inter Airport Europe (IAE) trade fair in Germany, the Korea Herald reported. TMB Co., which designs […]