Foreign exchange rates increased in Tehran’s market on Wednesday, following the Central Bank of Iran’s latest regulations concerning foreign currency offered at banks to travelers. According to the latest directive by the policymaker published on its official website, banks are allowed to “sell travel currency at open market rates starting from September 11”. That is […]

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a trade delegation from Confederation of Indian Industry (CII)on Tuesday morning, the portal of the Iranian private body reported. In this regard, a meeting was held between TTCIMA Head Masoud Khansari, Indian Ambassador to Tehran Saurabh Kumar, and Co-Chairman of CII Naushad Forbes. Emphasizing […]

Qatari shipping company is set to launch what it calls the fastest direct service between Doha and the Pakistani port city of Karachi this week, as the Persian Gulf state seeks to establish new trade routes amid a land, air and sea blockade from its Arab neighbors. State-run conglomerate Milaha is overseeing the venture, with […]

A freight train set about its long journey from Muslim-residing Yinchuan, the capital of the Ningxia Hui Autonomous Region, central China, on Tuesday to come to Tehran in the framework of the new Silk Road plan, named the One Belt One Road Initiative (OBOR). The launch ceremony of the international freight train from Yinchuan to […]

Alstom Company of France voiced readiness to help Iran develop its railway system through investments worth 1.2 billion euros for manufacturing wagon cars, the company’s representative in Iran Vincent Douret said. “The cooperation contract is to be signed by the Industrial Development and Renovation Organization (IDRO), Trans Russ Company and France’s Alstom to manufacture passenger […]

Iranian Oil Minister Bijan Namdar Zanganeh announced on Monday that the country will sign 10 new oil contracts by the end of the current Iranian year (March 20). “Based on the serious negotiations held with the parties to these contracts, some 10 deals are predicted to be signed,” Namdar Zanganeh said. Noting that Iran will […]

Deputy Agriculture Minister Abbas Keshavarz, while noting that Iran will soon obtain sugar self-sufficiency, said the country’s rapeseed output will exceed the global record within three years. The official sated that rate of water efficiency in Iran had grown by 25 per cent over the past four years as well as the volume of water […]

Russian energy companies Zarubezhneft, Gazprom Neft and Lukoil have submitted plans to the National Iranian Oil Company (NIOC) to develop oil fields in Iran. Zarubezhneft representatives outlined their plans to increase the recovery rate of oil from the Aban and West Paydar fields, Iran’s Ministry of Petroleum announced on Monday. A memorandum of understanding for […]

Chinese regulators have launched a crackdown on individuals and firms raising funds by offering their own digital currencies. The People’s Bank of China has declared initial coin offerings (ICOs) illegal and wants them to “cease immediately”. A growing number of tech companies are opting to sell digital “tokens” because they are quick, easy and unregulated. […]

Iran has reported an increase of about a quarter in the transit of goods in its key transportation points – a sign that may show the country’s trade activities are growing.  Figures released by Iran’s Road Maintenance and Transportation Organization (IRMTO) showed that above 4.17 million tonnes of goods had been moved through 32 active […]