March 5, 2018

Iranian light crude oil price rises $2.43 per barrel in a week

TEHRAN- Iran’s light crude oil price rose $2.43 in the week ended on February 23 to settle at $62.39 per barrel, IRNA reported on Sunday.
March 5, 2018

Tax income accounts for 8% of Iran’s GDP 

TEHRAN- The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, according to Head of National Tax Administration Kamel Taqavinejad.
March 4, 2018

Persian Gulf Star Refinery to make Iran a gasoline exporter

Iran’s Persian Gulf Star Refinery in the southern province of Hormozgan is the first of its kind designed based on gas condensate feedstock recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf.
March 4, 2018

Positive economic trend to go on: CBI governor

TEHRAN- Government tries its best to preserve domestic economy on its current positive trend not only by the end of current Iranian calendar year 1396 (March 20) but also by the end of the upcoming year, governor of the Central Bank of Iran (CBI) annou...
March 4, 2018

Iran won’t easily award South Pars oil layer to Total: Zanganeh

TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total easily since the French oil giant has taken over Danish Maersk's oil division with which Iran was negotiating the project.
March 4, 2018

Finance minister in Moscow to attend Iran-Russia Joint Economic Committee meeting

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Moscow on Sunday to attend the 14th meeting of Iran-Russia Joint Economic Committee, IRIB news reported.
March 4, 2018

Silk Road Startup Summit Takes Place in Kish Island in April

Silk Road Startup Summit, Iran’s first international B2B and invite-only conference will take place in April 18-19, 2018 in Kish Island. The event would bring together the best local startups, investors, corporations and accelerators in the country. Ticketing for the summit is now open.

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March 4, 2018

Iran exports $5.5b of non-oil goods to Iraq in 11 months

TEHRAN- During the 11 months ending on February 19, 2018, Iran exported 12 million tons of non-oil goods to Iraq worth $5.5 billion, the Public Relations Department of the Trade Promotion Organization of Iran (TPO) announced.
March 4, 2018

Oil production preserving, boosting projects worth $6b specified

TEHRAN- Iranian Oil Ministry has specified 30 projects worth $6 billion for preserving and boosting oil production in the country, according to an oil official.
March 3, 2018

3 IPC deals to come close to signing by March 20

TEHRAN – Three deals based on Iran’s new model of oil contracts (known as IPC) will get ready for final signing by the end of the current Iranian calendar year (March 20, 2018), IRNA reported on Saturday quoting an official at NIOC as saying.
March 3, 2018

Over $1.8b allocated to SMEs, uncompleted projects in 9 months

TEHRAN- According to the latest data released by Iranian Ministry of Industry, Mining and Trade, some 82.13 trillion rials (about $1.84 billion) has been paid to fund the activity of 707 small and medium-sized enterprises (SMEs) and their semi-finished...
March 3, 2018

IP gas pipeline: A fading opportunity for Pakistan

Near 20 years after the initiation of talks over the peace gas pipeline, beginning as the Iran-Pakistan-India gas pipeline project, and despite the fact that Iran has completed its part of the pipeline in its territory, Pakistan has fallen behind the t...
March 3, 2018

Iran ICT Minister on State TV: Internet Censorship Is Not in Our Hands

This week the Minister of ICT, Azari Jahromi, appeared as a guest on one of the most popular TV shows in Iran called Dorehami, and discussed some of the ministry’s accomplishments and challenges during his headship. These challenges mostly included Internet accessibility, censorship and the overall atmosphere in the cyberspace.

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March 3, 2018

Intl. power generation, turbomachinery expo running in Tehran

TEHRAN - Iran’s first International Exhibition of Power Generation and Turbomachinery opened at Tehran Permanent International Fairgrounds on Friday.
March 3, 2018

Hand-woven carpet exports up 22% in 10 months yr/yr

TEHRAN- “Iran exported $336 million of hand-woven carpets in the first ten months of the current Iranian calendar year (March 21, 2017- January 20, 2018), showing an increase of 22 percent compared to the same period of time in the past year,” ISNA rep...
March 3, 2018

Tehran to host banking, insurance expo in mid-April

TEHRAN – The 11th edition of Iran’s International Exhibition of Exchange, Bank and Insurance (FINEX 2018) is due to be held on April 16-19 in Tehran, ILNA reported.
March 2, 2018

Iran-Turkmenistan business forum held in Ashgabat

TEHRAN - Turkmenistan’s Chamber of Commerce and Industry in Ashgabat hosted Iran-Turkmenistan business forum on Friday, IRNA reported.
March 2, 2018

Oman seeks expansion of trade ties with Iran

TEHRAN- Oman is seeking expansion of its trade relationship with Iran, according to Oman Chamber of Commerce and Industry Vice Chairman Rashid Amer Mohammed Al-Mesailhi.
March 2, 2018

Dollar-based purchase orders prohibited in Iran since Feb. 28

TEHRAN- Purchase orders by merchants that are based on U.S. currency are no longer allowed to go through import procedures in Iran since Wednesday to address fluctuations in domestic market rates of the U.S. currency, IRNA reported.
March 2, 2018

Iran Oil Investment likely to Jump: Expert

An expert in oil market says a huge investment tide is under way in Iran’s oil industry provided that financial interactions of the country and the world normalize. Speaking to Shana, Mahdi Asali, a veteran expert in oil market and political energy economy, said if Iran’s international relations become normalized and stable, and the country’s […]