News ServiceEconomy

7/18/2018   --   5:17 PM
Iran's Chabahar paradise for export manufacturing

Economy - Chabahar Free Zone, due to its strategic geographical situation in the region, is a paradise for export-oriented manaugacturing, an Iranian official said.

7/7/2018   --   8:31 PM
East Azarbaijan exports $69m of agricultural crops

Economy - Exporting agricultural crops from provincial Customs Office in the first three months of the current Iranian year has increased 3 percent compared to the same period of the preceding year and in figure reached to $69 million, a provincial official said.

7/7/2018   --   8:31 PM
S. Korea not to stop loading Iran oil

Economy - South Korea rejects claims suggesting any halt to loading Iranian oil and gas condensates by its tankers in July.

7/7/2018   --   8:30 PM
Iran oil min: Trump approach to OPEC members insulting

Economy - Iranian Minister of Petroleum Bijan Zanganeh said US President Donald Trump's approach to certain OPEC members is insulting.

7/2/2018   --   8:21 PM
Iran able to provide plane repair & maintenance services

Economy - Iran is capable of providing regional countries with repair and maintenance services for airplanes, Head of Headquarter for Development of Knowledge-Based Aviation and Aeronautics Technology and Industry of Iran’s Vice-Presidency for Science and Technology said.

7/2/2018   --   8:18 PM
Minister: US exit from JCPOA not hindering rail contracts

Economy - Minister of Road and Urban Development Abbas Akhoundi said on Monday that in spite of the US exit from the JCPOA, international contract on rail transport industry in the field of electrifying route of Garmsar-Inche Boroun began executive work.

7/1/2018   --   11:17 PM
Iran urges OPEC members to adhere to output quota

Economy - Iran urged the Organization of the Petroleum Exporting Countries (OPEC) to remind members to adhere to production quota, warning that violation of agreements would undermine the unity of this international body.

6/30/2018   --   11:42 PM
Electrifying Garmsar-Inchebron railway to begin in coming days

Economy - Managing Director of Russian Railways Sergey Pavlov said on Saturday that Garmsar-Incheboron railway electrification project will begin as of Monday.

6/30/2018   --   11:35 PM
Departure of French automakers from Iran not certain: Minister

Economy - The Iranian Minister of Industry, Mine and Trade said that French automakers Peugeot and Renault are yet to announce their official departure from the Iranian market, because of their investments and interests in the country.

6/24/2018   --   11:30 PM
Iran to export electricity to Georgia

Economy - Iran is to sell 10% of the swapped power with Armenia to Georgia and the agreement will be signed soon, said the director-general of Iran's National Gas Company.

6/23/2018   --   9:41 PM
Iran's steel exports grow by 129%

Economy - Iran's steel exports have grown by 129% over the first two months of the current Iranian calendar year (started March 21, 2018) compared to the same period last year, Iran's Association of Steel announced on Saturday.

6/22/2018   --   11:36 PM
Zangeneh held talks with S. Arabian counterpart

Economy - Iranian Petroleum Minister Bijan Zangeneh said on Friday that he reached an agreement in principle on oil production rate with Saudi Arabian counterpart Khalid al-Falih on Friday.

6/22/2018   --   11:35 PM
Serbia has special programs for boosting cooperation with Iran

Economy - Serbian Minister of Trade, Tourism and Communications Rasim Ljajic described Iran as the major and strong Muslim country with the highest economic capacities, saying that his country has special programs for promoting all-out cooperation with Iran.

6/22/2018   --   11:34 PM
Iran oil tanker rescues 13 Pakistani seamen

Economy - Iranian oil tanker ‘Arch’ belonging to National Iranian Tanker Company (NITC) saved 13 Pakistani seamen entangled in southern Pakistan international waters.

6/17/2018   --   7:53 PM
Kish gas field development, NIOC top priority

Economy - Kish gas field, which is estimated to hold gas equal to the amount in five phases of the giant offshore South Pars Gas Field, is a top priority for National Iranian Oil Company (NIOC), wrote a professional magazine in Iran.

6/8/2018   --   11:58 PM
Iran slams US for seeking Saudi oil output hike as idiotic

Economy - Iran said on Friday a US request for Saudi Arabia pumping more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said OPEC would not heed the appeal, setting the stage for a tough OPEC meeting this month.

6/8/2018   --   11:56 PM
Rial, yuan can solve Iran-China trade exchanges: CBI chief

Economy - Central Bank of Iran Governor Valiollah Seif said on Friday that using rial and Yuan can solve challenges facing Iran-China financial transactions.

6/2/2018   --   10:56 PM
Iran exports 2.7mbd in May

Economy - Iran exported 2.7 million barrels a day of crude oil and gas condensates in May.

6/2/2018   --   10:52 PM
UK companies fond of continuing cooperation with Iran

Economy - The companies interested to work with Iran are waiting for the EU to announce instructions on how to counter US sanctions on Iran in order to continue their commercial ties with the country, said the deputy president of the Iran-UK Chamber of Commerce on Saturday.

5/31/2018   --   11:23 PM
Minister calls for OPEC support for countries under sanction

Economy - Minister of Petroleum Bijan Zangeneh in a letter to rotating chairman of OPEC conference called for inclusion of a separate agenda in next OPEC ministerial meeting for supporting those members that are under illegal, unilateral sanctions.

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