December 22, 2018

Iran-India PTA to be finalized soon: envoy

TEHRAN- According to the agreements made between Iranian and Indian high ranking officials, the two sides are to sign a preferential trade agreement (PTA) in near future, India’s ambassador to Tehran announced.
December 19, 2018

Free Zones High Council breaks ground on Mirjaveh SEZ

TEHRAN- The secretary of Iran’s Free Zones High Council Morteza Bank broke the ground on Mirjaveh special economic zone (SEZ) on Wednesday, IRNA reported.
December 19, 2018

‘Expenses reduced in next year’s budget bill’

TEHRAN- Presidential chief of staff Mahmoud Vaezi announced that the predicted expenses have been reduced in the budget bill for the next Iranian calendar year, which begins on March 21, 2019, IRNA reported on Wednesday.
December 19, 2018

NIOC to award exploration projects to domestic companies

TEHRAN- National Iranian Oil Company (NIOC) will transfer exploration projects for oil and gas fields to domestic companies, the director of NIOC's Discovery Department announced on Tuesday.
December 19, 2018

Iran Agri Show 2019 to be held in mid-Jan.

TEHRAN – The third edition of Iran’s International Exhibition of Agriculture, Agricultural Machineries and Equipment, Inputs, Irrigation Systems and Mechanization (Iran Agri Show 2019) is due to be held at Tehran Permanent International Fairgrounds on ...
December 19, 2018

Iranian private sector contributing to Syria’s reconstruction projects

TEHRAN – Iranian private sector has started cooperation with Syria in order to rebuild the country’s war-damaged infrastructures, ILNA reported on Wednesday quoting Iranian deputy minister of roads and urban development.
December 19, 2018

India plans to pay 5 Iranian banks for oil purchases

India will use escrow accounts of five Iranian banks held with UCO Bank Ltd. to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions, according to people with knowledge of the matter.
December 18, 2018

Falahatian appointed deputy oil minister for planning

TEHRAN- Houshang Falahatian was appointed as Iran’s deputy oil minister for planning, Shana news agency reported on Tuesday.
December 18, 2018

Next year’s budget bill to be submitted to parliament as soon as possible

TEHRAN- Deputy head of Iran’s Budget and Planning Organization told reporters on Tuesday that the prepared budget bill for the next Iranian calendar year (starting March 21, 2019) will be submitted to the parliament as soon as possible, IRIB reported.
December 18, 2018

Iran seeks to preserve water, increase agricultural production

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Agriculture Ministry have vowed to increase agricultural production by 2.2 kilograms per square meter of water used in cultivation by 2026.
December 18, 2018

Bonds worth $950m sold in 7 months

TEHRAN- Iranian government has sold bonds worth 39.842 trillion rials (about $948.6 million) during the first seven months of the current Iranian calendar year (March 21-October 22), IRIB reported on Tuesday citing the report released by the Central Ba...
December 18, 2018

‘Investment making a necessity for railway sector’

TEHRAN- Managing Director of Islamic Republic of Iran Railways (known as RAI) Saeed Mohammadzadeh said that development in the railway sector of the country is in need of large investment makings, IRNA reported.
December 18, 2018

Over 12,000 kilometers of roads, railways under construction

TEHRAN- More than 12,000 kilometers of roads and railways are currently under construction throughout the country, Iran’s Deputy Transport Minister Kheirollah Khademi announced on Tuesday.
December 18, 2018

New oil, gas fields discovered in Iran in past 2 years

TEHRAN – The director of National Iranian Oil Company (NIOC)'s Discovery Department said new oil and gas fields have been discovered in the country during the past two years, IRNA reported on Tuesday.
December 17, 2018

Tehran hosting 29th ECO Regional Planning Council meeting

TEHRAN - The 29th meeting of Regional Planning Council (RPC) of Economic Cooperation Organization (ECO) kicked off on Monday at the ECO secretariat in Tehran.
December 17, 2018

Liquidity almost at $403b in a month

TEHRAN- Iran’s liquidity stood at 16.93 quadrillion rials (about $403 billion) during the seventh month of the present Iranian calendar year, Mehr (September 23- October 22, 2018), according to a report released by the Central Bank of Iran (CBI).
December 17, 2018

IRANIMEX 2018 running in Kish Island

TEHRAN- Iran’s 20th International Maritime and Offshore Technologies Exhibition (IRANIMEX 2018) kicked off in Kish Island in south of the country on Monday, Ports and Maritime Organization (PMO) announced.
December 17, 2018

Tax revenues rise 14% in 7 months on year

TEHRAN- Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 21) has risen 14.2 percent compared to the same period of time in the previous year, ISNA reported on Monday citing the data released by the...
December 17, 2018

Second platform of South Pars phase 13 installed on offshore spot

TEHRAN- The second platform of Iran’s South Pars gas field’s phase 13 of development was installed on its designated offshore spot on Monday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, annou...
December 17, 2018

‘Iran expects EU to extend Airbus OFAC license to deliver purchased aircrafts’

TEHRAN - Farzaneh Sharafbafi, the managing director of Iran Air, Iran’s national flag carrier, said on Monday that Iran expects EU to get the U.S. approval for extending the Treasury’s Office of Foreign Assets Control (OFAC)’s license for importing the...