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Minister of Industry: Iran vows to cooperate with Chinese investors

EconomyIran's Minister of Industry, Mining and Trade Reza Rahmani, who has traveled to Shanghai, said on Sunday that the Iranian auto industry supports Chinese investors and carmakers who mind to produce inexpensive and high-quality cars in Iran through partnership with Chinese automakers.
2019-11-10 23:34
Foreign investment attraction up by 20 percent

EconomyFinance Minister Farhad Dejpasand said on Thursday that foreign investment attraction in Iran over the past seven and half months (March 21-Novemeber 6) registered an increase of 20 percent compared to the figure for the corresponding period of last year.
2019-11-08 21:13
Chinese market unmatched opportunity for Iranian firms

EconomyIranian Minister of Industry, Mines and Trade Reza Rahmani said on Tuesday that Chinese market is an unmatched market, urging Iranian companies to get their share of the giant market.
2019-11-05 22:29
Stability returns to Iran's economy: CBI chief

Economy Governor of the Central Bank of Iran (CBI) Abdol-Nasser Hemmati said on Monday that stability is returning to the country's economy while the US has employed banking sanctions, economic war, and also restricted Iran's oil sale in the past year to make the Iranian economy implode.
2019-11-04 22:35
Iran trade minister in Shanghai for China Expo

EconomyIranian Minster of Industry, Mine and Trade Reza Rahmani at the head of a high-ranking delegation arrived in Shanghai in southeast of China on Monday.
2019-11-04 10:40
Energy Min: Iran, Syria to join electricity networks via Iraq

Economy Energy Minister Reza Ardakanian stated here on Saturday that Iran-Syria electricity network will join through Iraqi network in the near future.
2019-11-02 23:18
Minister says Azerbaijan seeking to accelerate finalizing Rasht-Astara railway

EconomyMinister of Road and Urban Development Mohammad Eslami said Iran has negotiated with Azerbaijan in three stages of which was railway interactions, adding that Azeri side is after continuation of Rasht-Astara railway and its acceleration.
2019-11-01 21:39
Iran, Iraq's power grid synchronized

EconomyReferring to last year's talks with Iraqi officials regarding the possibility of electrical connections between the two countries, Iran's Energy Minister said that as of today, the two countries' power grid are synchronized.
2019-11-01 21:37
CBI chief: Less than 1/3 exports related to oil

EconomyGovernor of the Central bank of Iran (CBI) Abdolnasser Hemmati said less than 1/3 exports is related to oil.
2019-10-20 10:32
What is a cooling tower?

EconomyWith the proliferation of industries in our modern industrial world, the considerable need for energy and production of chemicals, oil and power is felt more than ever before. The increased heat in power plants and similar stations, including nuclear power stations, requires a complex cooling system to reject the unwanted heat.
2019-10-14 14:16
Iran industry, mine sector experience 18% growth

EconomyIran’s Minister of Industry, Mine and Trade Reza Rahmani referred to development indices in industry and mining sector, saying it has experienced 18% rise during the first six months of the current Iranian calendar year (started on March 21).
2019-10-12 10:35
Iran, China new plan to bolster customs cooperation, facilitate trade

EconomyChinese ambassador to Tehran in a meeting with Iran's Customs Administration governor examined a new plan to expand customs cooperation and facilitate trade between the two countries.
2019-10-10 23:09
Minister says Iran-Iraq trade volume to rise to $ 20 billion

EconomyMinister of Industry, Mining and Trade Reza Rahmani noted that there is a capacity needed to increase the volume of trade between Iran and Iraq to $20 billion by 2021.
2019-10-07 10:44
Bariatric surgery may lower risk of heart disease, early death, new study says

EconomyThe fact that losing weight can reduce the risk of cardiovascular disease is a concrete one, having been supported by countless studies for decades. However, since traditional weight loss often involves lifestyle changes including exercise and diet, one couldn’t say for sure whether the new forms of weight loss have the same benefit.
2019-10-01 16:16
Oil minister cautions against cyber attacks on oil industry

Economy Iranian Oil Minister Bijan Zangeneh on Sunday emphasized that all companies and facilities of the oil industry should exercise full alert to physical and cyber threats amid sanctions targeting the oil industry.
2019-09-30 08:06
CBI chief confers with Qatari, Kuwaiti counterparts

Economy Visiting Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati discussed ways to develop bilateral relations with Qatari and Kuwaiti counterparts.
2019-09-25 20:03
Re-imposing sanctions on CBI shows US empty hands

Economy Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said on Saturday that re-imposing sanctions on Central Bank of Iran indicates that US hands are empty and no other leverage left so far.
2019-09-21 17:23
CBI: Iran, Russia launch interbank system to facilitate trade

EconomyGovernor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Tuesday that Iran and Russia have set up interbank system to facilitate trade via messaging system of Iran and Russia.
2019-09-17 14:59
Petroleum Minster notes Iran's extraction from South Pars to surpass Qatar for first time

EconomyPetroleum Minister said on Monday that by completing the phases of South Pars for the first time Iran's daily extraction from the joint South Pars gas field will exceed Qatar, adding that Iran's daily gas production from the field will reach about 790 million cubic meters in the face of Qatar’s 620 million cubic meters.
2019-09-17 14:47
Minister says Russian loan extended for construction of Hormuzgan Sirik Power Plant

EconomyTehran, Sept 15, IRNAa term for granting a loan by Russian government loan to construction of 1400 MW power plant in Sirik region of Hormuzgan.
2019-09-16 00:09
Iran, Afghanistan to speed up cooperation on electricity

EconomyIranian Energy Minister Reza Ardakanian said on Saturday that Iran and Afghanistan will set up working group to speed up cooperation on energy and carry out the agreements they signed on generation and transmission of electricity.
2019-09-07 23:49
Iran demands Russia speed up executive works for Sirik power plant

Economy Iranian Energy Minister Reza Ardakanian said that he would raise the issue of Sirik power plant during his stay in Moscow with the Russian partners to speed up executive works to build 1400-MW power plant in Sirik, southern Iran.
2019-09-02 09:39
CBI chief says Iran’s economy steady again

EconomyGovernor of Central Bank of Iran Abdolnaser Hemmati on Saturday gave an upbeat report about recovery of Iran’s economy, saying that national economy currently enjoys stability.
2019-08-31 17:43
US imposes fresh sanctions on Adrian Darya oil tanker

EconomyUS Department of Treasury imposed fresh sanctions on Adrian Darya, the tanker carrying Iran oil released by Gibraltar.
2019-08-31 17:39
Iran looking for a bigger market share with its partners

EconomyIran is looking for a bigger export market share with its trade partners, Minister of Industry, Mine and Trade Reza Rahmani said on Saturday.
2019-08-17 22:54
Iran plans to cut direct reliance on oil resources to zero

EconomyAs Iran has lost a significant part of budget resources in tough sanctions times, it is necessary for the country to reform the budget structure so as to slash direct reliance on oil resources to zero, said the head of the Planning and Budget Organization on Sunday.
2019-08-11 17:11
Official says Chabahar Port, hub of int'l trade

EconomyPort of Chabahar is a shortcut hub for international trade of Iran, Pakistan, Afghanistan and the route for outside world of the Central Asian states, a local Iranian official said on Saturday.
2019-08-10 23:12
VP: Reduction of JCPOA commitments helps to preserve nuclear deal

EconomyIran's 1st Vice President Eshaq Jahangiri said Iran on Monday that reduction of nuclear related commitments will be in line with preserving the deal known as the Joint Comprehensive Plan of Action (JCPOA).
2019-07-29 20:31
Zarif meets US media, Congressmen at their request: Spox

EconomyForeign Ministry spokesman Abbas Mousavi said on Monday that Foreign Minister Mohammad-Javad Zarif, meets the US Congressmen and media men at their own request to express Iran's stances for the US people and officials.
2019-07-29 20:29
IKCO to put domestic engine on Peugeot 301 cars

EconomyIranian auto giant, Iran Khodro Company (IKCO), will put domestic engine EC5, an improved version of TU5 on Peugeot 301 cars, IKCO director Beigloo said on Sunday.
2019-07-28 17:45