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Iranian minister hails growing exchanges with Turkmenistan
EconomyIranian Minister of Roads and Urban Development Mehrdad Bazrpash has expressed satisfaction with the rising level of trade and transit exchanges between Iran and Turkmenistan.
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New projects add 30,000 b/d to Iran’s oil production
EconomyImplementation of new projects in southern Iran has added some 30,000 barrels a day (b/d) to Iran’s oil production, according to an official with the knowledge of the matter.
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Tehran, Kabul target $10 billion bilateral trade volume
EconomyEconomic Adviser of the Iranian President’s Special Envoy in Afghanistan Affairs Mohammad-Mehdi Javanmard-Ghassab, has said that according to the announcement of Taliban's Minister of Commerce and Industry, the trade volume between the two countries will reach $10 billion.
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Iran’s six-month shrimp exports up 22% YOY
EconomyIran has exported some 13,500 tons worth $60 million of shrimp in the first six months of the Iranian calendar year (March 21 – September 22), according to a person with the knowledge of the matter.
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Iran backs Afghanistan's security: Official
EconomySecretary of Iran's Supreme National Security Council (SNSC) Ali Akbar Ahmadian has said that the Islamic Republic supports Afghanistan's independence, stability, security and development.
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Iran’s foreign debt down at over $5.5 bn: CBI
EconomyThe Central Bank of Iran (CBI) says Iran managed to decrease the size of its foreign debt by $1.576 billion in the first four months of the current fiscal (March 21-July 22).
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Iran's Sanandaj-Hamedan railway inaugurated by Raisi
EconomyThe first train left Sanandaj for Hamedan on Thursday after President Ebrahim Raisi inaugurated the key railway project linking the two western Iranian cities.
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Israeli economy to shrink by 11% in 4Q23: JPMorgan
EconomyJPMorgan has sharply revised down its GDP forecast for the Israeli economy for the fourth quarter of 2023, projecting an 11% contraction from the previous quarter.
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Iran, Oman sign document to expand information tech cooperation
EconomyIran and Oman have signed a document to expand cooperation on communication infrastructures, information technology, post, and post bank.
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Iran exports technical, engineering services to Armenia
EconomyIran's Minister of Roads and Urban Development arrived in Yerevan on Monday to discuss the promotion of bilateral transport cooperation.
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National Export Day in Iran
EconomyIran commemorates October 22 as National Export Day in a bid to honor domestic top exporters and examine avenues of further bolstering exports, particularly in the non-oil sector.
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Iran, Belarus sign oil cooperation document
EconomyIran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
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Iran’s forex reserves increasing due to oil, non-oil exports
EconomyDeputy Governor of the Central Bank of Iran (CBI) for Economic Affairs Mohammad Shirijian has said that the situation of Iran's foreign exchange (forex) reserves is increasing due to the growth of oil and non-oil exports.
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Iran, Russia discuss transportation cooperation
EconomySenior officials from Iran and Russia have explored ways for more enhanced cooperation between the two countries on infrastructure and transportation areas.
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Iran, Brazil review BRICS mechanism for banking cooperation
EconomyTop financial officials of Iran and Brazil have met to exchange views about making use of potentials to develop bilateral trade ties and multilateral relations under the BRICS emerging economies’ mechanism.
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Iran safest, easiest transit route for energy exchanges: Oil min.
EconomyMinister of Petroleum of the Islamic Republic of Iran Javad Owji referred to the country’s geopolitical position in connecting Asia to Europe as well as the Caspian Sea to the Persian Gulf, emphasizing that Iran is the safest and easiest route for energy exchange and transit to international waters.
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Nakhchivan railway to pass through Iran: Azeri president
EconomyPresident of the Azerbaijan Republic Ilham Aliev has announced that Tehran and Baku have reached an agreement in order to pave the ground for laying down the Nakhchivan railway line through Iran.
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Unveiling Iran's First Restaurant NFT
EconomyNoyan Restaurant Cafe recently launched its NFT, marking its debut as the first Iranian restaurant to step into the virtual realm. NFTs, or non-fungible tokens, are unique collectible digital assets based on blockchain technology, signifying that they are non-exchangeable tokens.
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Iran to hold third specialized exhibition in Baghdad
EconomyThe third specialized exhibition showcasing Iranian economic and commercial capabilities is set to open in Baghdad on Tuesday.
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Iran’s steel output up 1.1% in 8 months: Worldsteel
EconomyThe World Steel Association (worldsteel) in its latest report has announced that Iran’s steel output hiked by 1.1 percent in the first eight months of 2023 as compared to the same period in the previous year.
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‘Enemies’ attempts to infiltrate Iran oil industry foiled’
EconomyDeputy Oil Minister for Research Affairs Vahidreza Zeidifard has said that enemies of the Islamic Republic of Iran are constantly trying to infiltrate the country’s oil industry, calling on all staff members to remain vigilant as they have already thwarted threats in the past two years.
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South Pars Phase 11 inauguration ended 22-year procrastination: MP
EconomyIranian Member of Parliament Alireza Abbasi has hailed the recent inauguration of Phase 11 of the South Pars Gas Field in the Persian Gulf, saying that the move put an end to 22-year “procrastination” by foreign contractors.
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Iran finalizes plan for construction of 15 GW solar power plants
EconomyIranian First Vice President Mohammad Mokhber says a comprehensive plan for the construction of solar power plants to generate 15 gigawatts of electricity has been finalized.
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Iran calls for expansion of economic ties with African states
EconomyIran's Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has called for holding joint commissions of Iran and African countries, especially South Africa and Tanzania, with the aim of following up implementation of agreements and growing economic and trade ties.
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New project adds 16 million liters to Iran’s daily gas oil output
EconomyA newly launched gas oil processing project has increased Iran’s gas oil production by another 16 million liters per day.
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Iran exports to BRICS members hit $9.1 bn in 5 months
EconomyIran exported 27.7 million tons worth $9.1 billion of goods to BRICS member countries in the first five months of 1402 (from March 21-August 21, 2023).
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Iran, Iraq can achieve $40bn in annual trad: PMO chief
EconomyHead of Iran Trade Promotion Organization (PMO) says the level of trade ties between Iran and Iraq has increased significantly, adding that the two countries can hit a target of $30-40 billion in annual of trade.
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Iran Rail Expo 2023 opens in Tehran
EconomyThe 10th International Exhibition of Rail Transportation & Related Industries, known as the Iran Rail Expo, has kicked off in the Iranian capital.
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Iran's exports of agricultural products increase by 10%
EconomyExport of agricultural products increased by 10% in the first 5 months of this year, the Iranian customs administration reported on Monday,
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Iran recovers pre-pandemic transit system with Turkmenistan
EconomyForeign trucks have started carrying out direct travels into Iran from two joint borders between Iran and Turkmenistan over the past few days, according to a local official at the bordering province of Khorasan Razavi.