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 […]

TEHRAN- Iranian Ambassador to Sri Lanka Mohammad Zaeri Amirani said that Sri Lankan banks should come forward to facilitate trade with Iran in euro instead of dollar as they are concerned that some U.S. sanctions are continuing to be in place against Iran. The ambassador made this remark on Wednesday while speaking at the National […]

TEHRAN – The first edition of Iran’s International Exhibition of Printing, Processing and Packaging (IPAP 2017) kicked off at Tehran’s Shahr-e-Aftab International Exhibition Center on Thursday. Some 150 domestic and foreign exhibitors from different countries including Germany, Austria, France, Italy, Belgium, South Korea, Poland, Turkey and China are showcasing their latest packaging and printing-related products […]

TEHRAN- Mauritius’ Minister of Foreign Affairs, Regional Integration and International Trade Seetanah Lutchmeenaraidoo and the Ambassador of Iran to Mauritius Mohammad Moniri Nik in Port Louis discussed expansion of cooperation on trade and economic exchanges as well as cultural, tourism and education sectors, bunkerspot.com reported on Thursday. As accorded, the two countries’ chambers of commerce […]

TEHRAN- The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) signed a memorandum of understanding on mineral cooperation and exchange of technological data and knowledge with Czech Ministry of Industry and Trade, the official website of IMIDRO reported on Monday. The MOU was signed in a meeting in Tehran between IMIDRO Managing Director […]

KHARG- Kharg, a strategic island in Iran’s territorial waters in the Persian Gulf, is of high economic significance for the country as it is home to Iran’s biggest oil export terminal, accounting for about 98 percent of the country’s crude exports. The T-Jetty in the southeast of the island can berth VLCCs (very large crude […]

TEHRAN- The forum of Iran’s trade opportunities in Tunisia was held at the place of Iranian Ministry of Industry on Monday, IRNA reported. Afshar Fathollahi, a deputy in the named ministry, described the goal of this forum as making Iranian businessmen, industrialists, and producers familiar with the Tunisian untapped market.    “Iran has expansion of […]

TEHRAN- Transit of goods via Iran rose 27 percent during the first six months of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the past year, according to a transport official. Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation […]

TEHRAN – Central Bank of Iran (CBI) and Economic Cooperation Organization (ECO) Trade and Development Bank signed a memorandum of understanding (MOU) on bilateral cooperation on Monday. According to IRNA, the MOU was signed by ECO bank’s Vice President Burhanettin Aktas and Hossein Yaqoubi, the director general of CBI’s International Affairs Department, in Ankara. The […]