July 4, 2019

Iran, Iraq, Syria to Create Transport Corridor

High-ranking officials from Iran, Syria, and Iraq have agreed to create “a multimodal transport corridor” a part of efforts to boost trade relations between the three Muslim nations. “The three friendly and brotherly countries of Iran, Iraq, and Syria have good and growing business relations,” Iranian Deputy Minister of Roads and Urban Development Shahram Adamnejad […]
July 3, 2019

Non-oil exports up 483% in 15 years: TPO

TEHRAN –Iran’s non-oil exports has increased by 483 percent over the past 15 years, the acting head of the Trade Promotion Organization (TPO) Mohammad Reza Modoudi said on Tuesday.
July 3, 2019

Iran, Armenia ink MOU on energy cooperation

TEHRAN – Iran and Armenia signed a memorandum of understanding (MOU) in Tehran on Tuesday to expand economic cooperation, especially in the field of energy, Tasnim news agency reported.
July 3, 2019

Without oil deal Instex will not work, Zanganeh says

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the European Union mechanism for trade with Iran, known as INSTEX, is not going to be useful without including oil sales.
July 3, 2019

E3 and EEAS joint statement on Iran

France, Germany, the UK and the European External Action Service have issued a joint statement on the Iran nuclear deal: “The Foreign Ministers of France, Germany, the UK, and the High Representative are extremely concerned at Iran’s announcement that it has exceeded the Joint Comprehensive Plan of Action stockpile limit for low enriched uranium. The […]
July 2, 2019

Govt., private sector discuss amending CBI directive on re-injection of export income

TEHRAN - The 86th Dialogue Council of the Government and the Private sector was held in Tehran on Tuesday to discuss issues pertain to foreign trade and currency market, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)...
July 2, 2019

Iran exports $2.5b of commodities to Turkey during January-May

TEHRAN- According to the data released by Turkish Statistical Institute, the country imported $2.57 billion of goods from Iran during January-May of this year, which shows 25 percent drop from $3.435 billion in the same period of time in 2018.
July 2, 2019

Private sector ready to prepare an industrial development outline: ICCIMA head

TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafe’i said the private sector is ready to prepare an industrial development outline for the country, IRNA reported.
July 2, 2019

‘Regulations required to remove production barriers’

TEHRAN- In a live TV program on Monday night, Iranian Deputy Industry, Mining and Trade Minister for Industrial Affairs, Farshad Moqimi, stressed that the regulations should be in a way that remove the barriers in the way of production, IRIB reported.
July 2, 2019

‘U.S. sanctions not impeding Iranian aviation industry’s development’

TEHRAN - Managing Director of Iran’s National Airline (Iran Air) said the U.S. sanctions have not stopped Iran’s aviation industry’s continuous development, IRNA reported.
July 2, 2019

176th OPEC meeting wraps up, Iran exempted from new cuts

TEHRAN - The 176th meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) which was held in Vienna, Austria, came to conclusion on Monday, IRNA reported.
July 2, 2019

Hosseinzadeh appointed new head of SCI

TEHRAN - Head of Iran Planning and Budget Organization (PBO) Mohammad Baqer Nobakht, in a decree on Monday, appointed Javad Hosseinzadeh Neyestani as the new head of Statistical Center of Iran (SCI), Tasnim news agency reported.
July 2, 2019

Intl. Feed Expo kicks off in Tehran

TEHRAN - The fifth edition of Iran’s International Exhibition of Poultry, Livestock, Aquaculture, Feedstuff and Related Industries (Iran Feed Expo 2019) kicked off in Tehran on Tuesday.
July 1, 2019

Tehran hosting intl. exhibitions of kitchen, bath, ceramic, tile

TEHRAN- Tehran Permanent International Fairgrounds is hosting two international exhibitions of kitchen, bath and pool, in addition to tile and ceramic industries, IRIB reported.
July 1, 2019

‘59km of railroads to connect major cargo hubs to railway network by Mar. 2020’

TEHRAN- The head of Islamic Republic of Iran Railways (known as RAI) said that 59 kilometers of railroads are planned to be built for connecting the major cargo hubs in the country to the national railway network by the end of current Iranian calendar ...
July 1, 2019

‘Export markets of Iran’s minerals preserved despite sanctions’

TEHRAN- The export markets of Iran’s minerals have been preserved despite the sanctions imposed by the U.S., Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Khodadad Gharibpour said on Monday.
July 1, 2019

Iran, Iraq, Syria hold tripartite meeting to discuss transportation co-op

TEHRAN - Iran, Iraq and Syria held a tripartite meeting on Monday in Tehran for discussing expansion of transportation cooperation among the three countries, IRNA reported.
July 1, 2019

Iran calls for removing barriers in trade with Armenia

TEHRAN – In the opening ceremony of the 16th Iran-Armenia Joint Economic Committee meeting in Tehran on Monday, Iranian Deputy Minister of Energy for International Affairs Farhad Yazdandoust called on the two sides to take necessary measures for removi...
July 1, 2019

OPEC should avoid unilateralism for positive co-op with allies: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that OPEC needs to keep its unity if it is pursuing cooperation between members and non-OPEC allies, Shana reported.
July 1, 2019

INSTEX, OPEC meeting and oil market

TEHRAN – In the past few days, oil traders around the world have been eyeing three major events closely in order to catch a glance at the direction in which the oil prices would be heading.