September 2, 2018

Majlis approves establishment of 12 SEZs, 8 FTZs

TEHRAN- The Iranian parliament (Majlis) on Sunday gave approval to a bill on the establishment of 12 new special economic zones and also eight new free trade zones, ISNA reported.
September 2, 2018

Snappmarket Tapping Into the Online Grocery Market in Iran

Snapp the online transportation network giant has partnered up with HyperStar, the subsidiary of French multinational retailer Carrefour in Iran to tap into the Iranian online grocery market with a new brand named Snappmarket.

The post Snappmarket Tapping Into the Online Grocery Market in Iran appeared first on TechRasa.

September 1, 2018

Iran, Iraq dump dollar in bilateral trade

TEHRAN- Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Ale-Es’haq announced that Iran and Iraq have dumped dollar for rial, dinar and euro in their mutual financial transactions, Mehr news agency reported on Saturday.
September 1, 2018

Over 374m tons of commodities worth $263m traded in IME in a week

TEHRAN- During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 374.727 million tons of commodities worth over $263 million were traded in Iran Mercantile Exchange (IME).
September 1, 2018

1,400 industrial units active in Iran’s free trade zones

TEHRAN- Some 1,400 industrial units are active in Iran’s free trade zones, according to Morteza Bank, the secretary of Iran’s Free Zones High Council.
September 1, 2018

Iran’s 1st intl. gas exhibition running in Tehran

TEHRAN – Iran’s first international gas show (IRGS 2018) kicked off on Saturday at Shahr-e-Aftab Complex in Tehran.
September 1, 2018

Japan remains firm on seeking U.S. exemption for Iran oil imports: top official

Japan remains firmly committed to seeking U.S. exemption for Iranian oil imports as it sees the supplies as important for the country's energy security and businesses, a top government official told S&P Global Platts on Thursday.
September 1, 2018

South Pars platform 14C shipped toward installation spot

TEHRAN - Platform 14C of Iran’s South Pars gas field (in the Persian Gulf), which was loaded at Sadra industrial yard in the southwestern province of Bushehr, was shipped on Saturday to be installed on its designated offshore spot.
September 1, 2018

Iran climbs 32 places in World Bank’s LPI global ranking

TEHRAN – Iran’s Logistics Performance Index (LPI) has jumped 32 places in 2018 to 64th compared to 96th in 2016, according to the World Bank’s “International LPI Global Ranking 2018” report.
September 1, 2018

Over 10.8m tons of goods loaded, unloaded at Iranian ports in a month

TEHRAN- Some 10.818 million tons of goods were loaded and unloaded at the ports of Iran during the past Iranian calendar month Mordad (July 22-August 22), indicating 16.9 percent fall compared to the same month of the past year, Tasnim news agency repo...
August 31, 2018

TEDPIX gains 562 points in a week

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 562 points or 0.4 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.
August 31, 2018

Red meat production stands at 98,800 tons in a quarter

TEHRAN- Iran produced 98,800 tons of red meat during spring of this year which was the first quarter of current Iranian calendar year (March 21-June 21), IRNA reported citing the data released by the Statistical Center of Iran (SCI).
August 31, 2018

Pistachio exports from Iran to Europe rises 19% in H1

TEHRAN- Iran exported €125 million of pistachio to Europe during the first half of 2018, with 19 percent increase compared to the same period of time in the past year, European Union’s statistics agency Eurostat has reported.
August 31, 2018

‘India will not completely halt Iranian oil imports’

India will not completely halt Iranian oil imports and will finalize its strategy on crude purchases from Tehran after a meeting with top U.S. officials next week, a senior government official said.
August 29, 2018

Venture Capitals in Iran’s Legal System – Part 4

In a four-part series, this article looks at the history of Iran’s venture capitals, its legal framework and related issues. The following is the last part of this series.

The post Venture Capitals in Iran’s Legal System – Part 4 appeared first on TechRasa.

August 29, 2018

Inflation rate at 11.5%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on August 22, which marks the end of the Iranian calendar month of Mordad, stood at 11.5 percent, Tasnim news agency reported.
August 29, 2018

Iran to conduct drilling, repair operation in Iraqi oilfields

TEHRAN- National Iranian Drilling Company (NIDC) signed a memorandum of understanding (MOU) with an Iraqi company on conducting drilling and repair operations in Iraq’s Basra and Az Zubair oilfields, Shana reported.
August 29, 2018

Above $114m of VAT paid for development projects

TEHRAN- Deputy head of Iranian National Tax Administration (INTA) announced that during the first five months of the present Iranian calendar year (March 21- August 22, 2018) 4.8 trillion rials (about $114.2 million) has been earned as value added tax ...
August 29, 2018

Iran’s 7-month crude steel output up 23.6% yr/yr: WSA

TEHRAN- Production of crude steel in Iran stood at 14.457 million tons during the first seven months of 2018, indicating 23.6 percent rise from 11.697 million tons in the same period of time in 2017, according to World Steel Association (WSA).
August 29, 2018

Halting Iranian crude shipments will hurt Chinese refiners: Sinopec

TEHRAN – A halt in Iran’s oil shipments to China will negatively affect some of the country’s refiners, Reuters reported quoting a senior executive at Sinopec as saying on Monday.