September 5, 2018

Iran, Denmark initiate IP rights co-op

The Iranian Intellectual Property Center and the Danish Patent and Trademark Office inaugurated their three-year close cooperation within the area of intellectual property (IP) rights on Tuesday in a bid to make a closer tie between Iran and Denmark o...
September 5, 2018

Iran Drops bid to transfer Millions out of Germany

By John Lee. Iran has reportedly dropped its request to transfer 300 million euros ($347 million) in cash out of Germany. The cash is understood to be held in accounts at the Iranian-owned trade bank Europäisch-Iranische Handelsbank (EIH). According to AP, the US had been pressuring German authorities to reject the request due to concerns about […]
September 5, 2018

Iran Launches New Petrochemical Plant

Iranian President Hassan Rouhani inaugurated a new methanol-producing plant in Iran’s energy-rich province of Bushehr. During a visit to the southern port city of Assalouyeh on Tuesday, the Iranian president opened ‘Marjan’ methanol plant, developed by a private sector petrochemical company. The nominal production capacity of the plant, whose construction began in 2011 in an […]
September 5, 2018

Iran to Launch Energy Technology Center

The Scientific and Technology Department of Iranian Presidential Office will launch an energy technology center for the first time in the country. Kambiz Mehdizadeh, secretary of the energy technological development of the Scientific and Technology Department of the Presidential Office, said the center will be inaugurated with support from the private sector to serve as […]
September 5, 2018

US Dollar Ditched in Iran-Iraq Trade

Chairman of Iran-Iraq Chamber of Commerce Yahya Ale-Ishaq said that the US dollar is no longer used in the bilateral transactions between the two countries. Dollar-based transactions between Iran and Iraq have been discarded, Ale-Ishaq said on Saturday, adding that euro, the Iranian rial, and the Iraqi dinar are mostly used in the bilateral trade […]
September 5, 2018

Iran Seeking to Save Major Oil Deal with Vitol

The National Iranian Oil Company (NIOC) is in talks to salvage a $1 billion oil deal with Swiss trader Vitol Group as companies sever ties with the Islamic Republic ahead of US sanctions. Iran is fighting to keep one of its most profitable oil deals, according to people familiar with the matter, the Wall Street […]
September 4, 2018

CBI pays €5.5b to supply basic goods since March

TEHRAN- According to the latest announcement of the Central Bank of Iran (CBI) the bank has paid €5.5 billion for supplying basic goods since the beginning of the present Iranian calendar year (March 21, 2018), IRNA reported.
September 4, 2018

TEDPIX adds 2,726 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,726 points to end Tuesday’s trade at 137,983, IRNA reported.
September 4, 2018

Railroads network to be expanded by 530km

TEHRAN- Iran will inaugurate 530 kilometers of railroads by the end of the present Iranian calendar year (March 20, 2019), Deputy Transport Minister Kheirollah Khademi announced.
September 4, 2018

India allows state refiners to use Iran tankers, insurance for oil imports

India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) halted voyages to Iran due to U.S. sanctions, sources said.
September 4, 2018

Iran inaugurates major petchem projects in Assaluyeh

TEHRAN- President Hassan Rouhani on Tuesday officially inaugurated three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Bushehr province, Shana reported.
September 3, 2018

Iran’s largest CNG station put into operation in Isfahan Province

TEHRAN – Iran’s largest compressed natural gas (CNG) station was put into operation in Na’een County in Isfahan Province, Shana reported on Monday.
September 3, 2018

ICCIMA to dispatch trade delegation to Bulgaria in mid-Sep.

TEHRAN- Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will dispatch a trade delegation to Bulgarian capital city of Sofia in mid-September, ICCIMA website reported.
September 3, 2018

Bank loans to agriculture sector rise 35% in 5 months on year

TEHRAN – The value of facilities that Iranian banking system paid to the agriculture sector rose 35.1 percent during the first five months of current Iranian calendar year (March 21-August 22), the managing director of Iran’s Keshavarzi Bank (literally...
September 3, 2018

Austria supports expansion of economic, industrial ties with Iran: envoy

TEHRAN- Austrian Ambassador to Tehran Stefan Scholz said his country supports expansion of economic and industrial relations with Iran.
September 3, 2018

2 large aluminum, copper plants to be put into operation by Mar. 2019

TEHRAN- Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that two large plants for production of aluminum and copper will be put into operation in the country by the end of current Iranian calendar ...
September 2, 2018

Iranian companies to take part in Rebuild Syria Expo in Damascus

TEHRAN- Director General of Trade Promotion Organization (TPO) of Iran's Arabic-African Affairs Office Farzad Piltan announced that Iranian firms plan to participate in Rebuild Syria Exhibition which is going to be held on October 2-6, in Damascus, the...
September 2, 2018

Brazil planning to open $1.2b credit line to invest in Iran

TEHRAN- Brazilian Development Bank (BNDES) is planning to open a $1.2-billion credit line to continue trade with Iran and also investment making in the country, Brazilian Ambassador to Tehran Rodrigo de Azeredo Santos announced.
September 2, 2018

Development of South Pars phase 14 achieves 82% progress

TEHRAN- The project for implementing phase 14 of developing South Pars gas field, which Iran shares with Qatar in the Persian Gulf, has already achieved 82 percent progress, according to the operator of this phase.
September 2, 2018

Iran exports near 2.1m bpd of oil in August: report

TEHRAN - Iran shipped near 2.1 million barrels per day (bpd) of crude and condensates in August, Bloomberg reported citing ship-tracking data.