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2nd development phase of Iran's South Pars oil layer kicked off
EconomyThe executive operations for the second phase of South Pars Oil Layer’s development project known as Development of South Pars Oil Layer (SPOL) officially started.
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Top officials agree to give more freedom of action to CBI
EconomyPresident Ebrahim Raeisi, Parliament Speaker Mohammad Bagher Ghalibaf and Judiciary Chief Gholmhossein Mohseni-Ejei held a meeting on Saturday afternoon in continuation of their previous meeting on the freedom of action of the Central Bank of Iran (CBI) to being under more control the foreign currency market.
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Iranian, Pakistani heads of states review trade cooperation
Economy Iranian President Ebrahim Raisi and Pakistani Prime Minister Muhammad Shehbaz Sharif have held talks on strengthening trade cooperation between the two countries.
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Iran, Russia ink contracts, MoUs on oil and gas projects
EconomyIranian and Russian companies have signed two conytacts and eight memoranda of understanding (MoUs) to expand cooperation on oil and gas projects.
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Iran, Russia sign 8 MoUs, 2 contracts in different oil fields
Economy Iran and Russia signed as many as 10 agreements and memorandums of understanding (MoUs) on cooperation in the oil industry on Wednesday.
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Iran's Raisi inaugurates six major telecoms projects
Economy Iranian President Ebrahiam Raisi has inaugurated six major telecoms projects as part a drive by his administration to boost the country’s communication infrastructures.
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Second largest Russian bank opens office in Iran
Economy VTB Bank, the second largest bank in Russia, has opened an office in the Islamic Republic of Iran, an Iranian official has announced.
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Iran-India trade at $510 in March quarter
EconomyFigures by India’s Ministry of Commerce and Industry show that trade between Iran and the South Asian nation reached $510 million in the first quarter of 2023.
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Iran, EAEU may sign free trade zone deal by end of 2023
EconomyThe Eurasian Economic Union (EAEU) has completed a substantive discussion of all the provisions of an agreement to set up a free trade zone with Iran so that the document can be signed by the end of 2023, according to Andrey Slepnev, the EAEU minister of trade.
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Iran, UAE resume transport ties
Economy Following the resumption of diplomatic relations between Tehran and Abu Dhabi, the two countries are now negotiating for expansion of commercial and transport ties.
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Iran petroleum and petrochemical industry
EconomyGiven the strategic nature, high income, and extensive scope of the oil and petrochemical industry, it has been able to sustain its position as one of the leading industries during the industrial era.
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Iran close to open Caspian Sea-Persian Gulf missing rail link
EconomyIran is planning to inaugurate a major rail link this summer that completes railway connection between the Caspian Sea in its north and the Persian Gulf in the south.
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Iran's trade With Persian Gulf countries outstrips $35b
EconomyIran traded 58.25 million tons of goods worth $35.11 billion with the Persian Gulf’s six littoral states.
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Iranian, Saudi ministers discuss economic ties in Jeddah meeting
EconomyIranian Minister of Finance and Economic Affairs Ehsan Khandouzi has met with his Saudi Arabian counterpart Mohammed Al-Jadaan in Jeddah to discuss the expansion of economic cooperation between the two regional powers.
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Iran, Iraq agree to extend gas contracts in 5 years
EconomyNoting that Iran and Iraq have two gas export contracts in place, the Iranian Oil Minister Javad Owji says that the two neighboring countries have agreed to extend the contracts in the next five years.
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Iran, Iraq ink oil cooperation agreement
Economy An oil cooperation agreement has been signed between Iran and Iraq.
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UAE Wants to Become Iran’s 1st Trade Partner: Official
EconomyThe chairman of Federation of UAE Chambers of Commerce and Industry (UAE Chambers) said that the United Arab Emirates wants to turn into first trade partner of the Islamic Republic of Iran.
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Iran, Oman Agree to Ink MoU on JV, PTA: Economy Minister
EconomyOfficials from Iran and Oman reached an agreement to boost their trade and economic relations by signing a Preferential Trade Agreement (PTA).
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IRAN EXPO 2023 aims to broaden Iran’s export markets: Acting minister
EconomyThe acting minister of industry, mines and trade said on Sunday that one of the most important goals of the IRAN EXPO 2023 is to expand the country’s exports and conquer new markets.
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Iran, EAEU discuss trade expansion
EconomyThe Eurasian Economic Union and Iran have discussed trade expansion and the development of a common customs transit system, the press service for the Eurasian Economic Commission said.
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Iran oil exports double in 13th gov.: NIOC head
EconomyThe managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
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Iran, Iraq discuss deepening coop. in energy, water sectors
EconomyThe Iranian energy minister and Iraqi prime minister reviewed the ways to strengthen cooperation regarding the two countries' challenges in the water and energy sectors.
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Iran's annual trade with SCO rises 10% to $40.9b
EconomyIran’s trade with Shanghai Cooperation Organization’s (SCO) member states stood at 52.71 million tons worth $40.98 billion.
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Deputy FM: Saudi Arabia to send trade delegation to Iran
EconomyIranian Deputy Foreign Minister for Economic Diplomacy has said that Iran and Saudi Arabia are preparing to establish consulate generals and embassies on two sides, and a Saudi trade delegation will visit Iran.
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Riyadh seeking flights between Saudi, Iranian shia cities
EconomySaudi Arabia is seeking direct flights between its Shia-majority city of Dammam and Iran’s Mashhad as part of efforts to improve relations between the two countries, according to an aviation industry official in Iran.
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Iran-France trade up by 34% in Jan-Feb YoY
EconomyTrade exchanges between Iran and France in January-February this year witnessed significant growth compared with the same period in 2022 as they increased by 34%, the latest figures published by the European Union’s statistics office, Eurostat, show.