July 21, 2018

Iran’s 2017 Digital Games Market Revenue Is Estimated to Be $269M

A new report on Iran's digital games market shows that the market revenue from this sector in 2017 is estimated to be $269 million. Also, the number of Iranian gamers has reached 28 million showing a 5 million growth from 2015.

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July 21, 2018

Copper cathode, anode output increase above 50% in spring

TEHRAN- Production of copper cathode and anode in Iran rose 50 percent and 56 percent respectively in spring (March 21- June 22, 2018), in comparison with the same season in the preceding year, IRNA reported.
July 21, 2018

South Pars daily gas output to rise 84mcm by Mar. 2019

TEHRAN- Daily production of gas in Iran’s South Pars gas field (in the Persian Gulf) will be increased by 84 million cubic meters (mcm) by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Pars Oil and Gas...
July 21, 2018

Construction of 7,800km of freeways underway in Iran

TEHRAN- Some 7,800 kilometers of freeways are under construction through 16 projects in Iran, according to Deputy Transport Minister Kheirollah Khademi.
July 21, 2018

EU to back European companies’ cooperation with Iran: Italian MP

TEHRAN-Italian Member of Parliament Isabela De Monte announced that the European Union will support European companies who are doing trade with Iran against the snap back of unilateral U.S. sanctions on the Islamic country, ilfriuli.it reported on Thur...
July 21, 2018

Tehran hosting 2 intl. exhibitions

TEHRAN- The 10th edition of International Iran Stone Exhibition (IRSE 2018) and the 7th International Exhibition of Elevator Industry, Escalators, Elevating Conveyors, Spare parts and Equipment became operational at the Tehran Permanent International F...
July 21, 2018

Europe Seeking to Activate Accounts for Central Bank

Europe Seeking to Activate Accounts for Iranian Central Bank: Report The French, British and German governments have told Iran they are exploring activating accounts for the Iranian central bank with their national central banks in a bid to open a financial channel to keep alive the Iranian nuclear deal, a report said. The move is […]
July 20, 2018

S. Korea dispatches delegation to U.S. to discuss waiver over Iran sanctions

TEHRAN – South Korea sent an inter-agency delegation, headed by Deputy Foreign Minister for Economic Affairs Yun Kang-hyeon, to Washington D.C. for discussing waiver over Iranian sanctions.
July 20, 2018

EU Firms to get Legal Cover to Operate in Iran

EU Vows to Give its Firms Legal Cover to Operate in Iran EU countries gave European firms legal cover to operate in Iran despite the US pullout from the nuclear deal, after a report that the Trump administration has rejected calls by Brussels for an exemption from sanctions. The bloc’s foreign policy chief Federica Mogherini […]
July 19, 2018

IRICA, IRU discuss easing transit between Iran, Europe

TEHRAN- In a meeting between head of the Islamic Republic of Iran Customs Administration (IRICA) Foroud Asgari and secretary general at World Road Transport Organization (IRU) Umberto de Pretto, the two sides discussed easing transit of goods between I...
July 19, 2018

Britain seeking finest solutions to expand trade ties with Iran

TEHRAN- Director of the Department for International Trade at the British Embassy in Tehran Keith Wellings told IRNA on Wednesday that his country is looking for the best options to improve its ties with Iran in the framework of Joint Comprehensive Pla...
July 19, 2018

Tehran collects 58% of Iran’s tax revenues in a year

TEHRAN- Some 58% of Iran’s tax revenues was collected in Tehran Province during the past Iranian calendar year (ended on March 20, 2018), director general of Tehran’s Tax Department announced.
July 19, 2018

The reason for Iran’s power outages: exports or infrastructure?

Since starting of the summer, an intense heat-wave has been blanketing over most of the cities of Iran, leading to an over-usage of airconditioning appliances and a significant jump in electricity consumption among the household consumers. The situatio...
July 19, 2018

Iraq Fails to convince Iran to Resume Power Supply

Iraqi Electricity Minister Qassem Al-Fahdawi (pictured) said yesterday that his country has failed to convince Iran to resume supplying Iraq with electricity. Last Friday, Al-Fahdawi along with an Iraqi delegation arrived in Tehran where they held talks with Iranian officials to resume supplying Iraq with 1,000 megawatts of electricity, which Tehran cut off about two […]
July 18, 2018

Venture Capitals in Iran’s Legal System – Part 1

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 first part of this series.

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July 18, 2018

Prices of imported goods not allowed to be increased above 17%

TEHRAN- Managing director of Iran Chamber of Guilds announced that each business unit is permitted to increase the prices of imported goods between seven to 17 percent, Tasnim news agency reported on Tuesday.
July 18, 2018

IME laying a proper ground to support Iranian products

The current Iranian calendar year has been named as the year of ‘support for Iranian products’ by Supreme Leader Ayatollah Ali Khamenei.
July 18, 2018

Aluminum production by major companies rises 11% in 3 months yr/yr

TEHRAN- Iran’s major aluminum producers produced 91,379 tons of aluminum during the three-month period from March 21 to June 21, which shows 11 percent growth from the figure of the same period of time in the past year, IRNA reported on Tuesday.
July 18, 2018

Iran Files Complaint against US at ICJ

Iranian Foreign Minister Mohammad Javad Zarif said the country has lodged a complaint against the US government at the International Court of Justice (ICJ) over new American sanctions against the Islamic Republic. In a message in his Twitter account, Zarif said Iran has on Monday filed a complaint at the ICJ “to hold US accountable […]
July 18, 2018

Iran, Pakistan eye Joint Production of Military Equipment

Chief of Staff of the Iranian Armed Forces Major General Mohammad Hossein Baqeri, who is on an official visit to neighboring Pakistan, said Tehran and Islamabad are making efforts to jointly manufacture military equipment. In remarks released after a meeting with Pakistani President Mamnoon Hussain in Islamabad on Tuesday, Major General Baqeri said during his […]