Free trade zones, as defined by the World Bank, are small duty-free areas offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations.  Establishment of free trade zones in Iran dates back to Iranian calendar year 1368 (March 1989- March 1990) following the fall in the country’s oil income in the preceding year which prompted the government […]

Coaching staff from Morocco and Iran say their opening Group B clash on 15 June will be like a ‘World Cup final.’ The countries will also meet reigning European champions Portugal and 2010 World Cup winners Spain in Russia next year. “It will be like our World Cup final – we’ll play like we are […]

TEHRAN – Iranian oil ministry invited Turkish private sector to participate in the country’s energy projects with an estimated investment of $100 billion, Daily Sabah reported on Sunday quoting an Iranian oil official. Speaking at an international conference on Iranian energy in Istanbul, Amir Talebian, the adviser to Iranian Oil Minister Bijan Namdar Zanganeh, invited […]

TEHRAN – The Iranian national futsal team was held to a 3-3 draw by the Azerbaijan Republic in Day 1 of the Isfahan International Futsal Tournament on Sunday. Aliasghar Hassanzadeh, the best Asian futsal player, Hossein Tayyebi and Mohammad Shajari scored for the Iranian team. Earlier on the day, Russia drew 3-3 with Kazakhstan. Iran […]

TEHRAN – Iran’s oil minister said that Hungary is willing to buy more oil from Iran in the future while the banking relations between the two countries will improve. After a meeting with Iranian Oil Minister Bijan Namdar Zanganeh, Hungary’s Minister for National Economy Mihaly Varga declared that his country is willing to increase its oil […]

TEHRAN – The average daily production of gasoline in Iran during the first eight months of the current Iranian calendar year (March 21- November 21) reached 74.4 million liters to register an eight-percent rise compared to last year’s eight month output. The country’s refineries produced 68.8 million liters per day of gasoline during last year’s […]

Iran national football team captain Ashkan Dejagah warned “it won’t be easy” for Spain and Portugal to face Team Melli in the 2018 World Cup. Iran have been drawn in Group B of the World Cup along with Spain, Portugal and Morocco. “Iran national football team will face a tough job to qualify for the […]

TEHRAN- Federation of Iranian Food Associations became a member of United Nations Economic and Social Council (ECOSOC), the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported on Sunday. The mentioned federation joined United Nations Economic and Social Council after becoming a member of UN’s NGOs. ECOSOC is one of the six […]

TEHRAN – Iran is not producing missiles for wars but to boost the deterrence capability of the Islamic Republic, Mohsen Rezaee, secretary of the Expediency Council, said on Sunday. “Thirty years ago on this day, we successfully tested the first generation of Iran-made ballistic missiles during the imposed war,” Rezaee, the former IRGC chief, said […]

TEHRAN – South Korean Hyundai Rotem signed a deal worth 720 million euro in Tehran on Saturday on building 450 railbuses in Iran. The deal was signed between the South Korean company, the Iranian Rail Industries Development Company, and the Islamic Republic of Iran Railways, known as RAI. The duration of the contract will be […]