March 18, 2019

Sanctions on Iran have negative effects on energy markets: Novak

TEHRAN - Russian Energy Minister Alexander Novak said the U.S. sanctions on Iran and Venezuela are having a negative impact on global energy markets.
March 18, 2019

European nations eager to join INSTEX: Belgian official

TEHRAN – The Belgian embassy’s commercial attaché to Tehran said European countries are willing to join the financial mechanism with Iran known as Instrument in Support of Trade Exchanges (INSTEX), the portal of Iran Chamber of Commerce, Industries, Mi...
March 18, 2019

Iran, China holding joint economic committee meeting

TEHRAN – Iran and China are holding their 17th joint economic committee meeting in Beijing, exploring avenues to expand bilateral relations in a wide range of areas.
March 18, 2019

Iran raises output from West Karun fields, Jask terminal to be ready by 2021

There has been a steady rise in crude production at Iran's West Karun fields, oil minister Bijan Zanganeh was quoted as saying Sunday by Shana news agency.
March 18, 2019

Producing 51GW of electricity during summer on agenda

TEHRAN – Iranian power plants are set to produce at least 51 gigawatts (GW) of electricity during the peak hours of consumption in summer, IRNA reported on Sunday quoting deputy minister of energy for electricity affairs as saying.
March 18, 2019

Toman Startup: We Will Be the Pioneer of Smart-City Platforms

FinTech startups usually use bank investments to enter the market, but Toman is different. It has entered the market without any bank investments. In the course of the past 7 months, Toman has obtained a considerable part of the online transactions of taxi fee payments.  The very presence of big banks in the FinTech market […]

The post Toman Startup: We Will Be the Pioneer of Smart-City Platforms appeared first on TechRasa.

March 18, 2019

Shares of 3 petchem companies to be offered at stock market

TEHRAN- The shares of three petrochemical companies will be offered at the stock market in the next Iranian calendar year, which starts on March 21, 2019, IRNA reported on Sunday.
March 17, 2019

Steel products output rises 8% in 11 months on year

TEHRAN- Production of steel products in Iran rose eight percent during the eleven-month period from March 21, 2018 to February 19, 2019, IRNA reported on Sunday citing the data released by Iranian Steel Producers Association.
March 17, 2019

South Pars phases 13, 22-24 inaugurated

TEHRAN - Phases 13, 22, 23 and 24 of developing Iran’s South Pars gas field were officially inaugurated by President Hassan Rouhani on Sunday, Shana reported.
March 17, 2019

U.S. to blame for tensions in oil market: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has blamed U.S. for the tensions created in the oil market, Shana reported on Saturday.
March 16, 2019

Over $714m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending up to March 14, approximately 624,721 million tons (MT) of commodities worth over $714 million were traded at Iran Mercantile Exchange (IME).
March 16, 2019

Monthly gas condensate export from Pars energy zone rises 15% on year

TEHRAN- The value of Iran’s gas condensate export during the eleventh Iranian calendar month of Bahman (ended on February 19) rose 15 percent compared to the same month of the past year, the director general of Pars Special Economic Energy Zone’s Custo...
March 16, 2019

Iran’s mechanism for INSTEX to be set up soon: CBI governor

TEHRAN- The Iranian mechanism which is in consistence with INSTEX (the special purpose vehicle to facilitate trade between the EU and Iran to get around U.S. sanctions) will be set up in Tehran soon, Central Bank of Iran (CBI) Governor Abdolnaser Hemma...
March 16, 2019

One belt-one road, a path to economic resilience

The history of Iran and China’s economic and cultural relations goes back to the ancient times, when positioned at the heart of the Silk Road, Iran linked the Asian country to the nations in Europe. Now, centuries later, the two countries have still m...
March 15, 2019

Tehran to host 15th meeting of Iran-Belarus Joint Economic Committee

TEHRAN- Mohammadreza Modoudi, he acting head of Iran’s Trade Promotion Organization (TPO), and Belarusian Ambassador to Tehran Yury Lazarchik discussed holding the 15th meeting of Iran-Belarus Joint Economic Committee in Tehran in the first half of the...
March 15, 2019

Iranian companies are top priority in Syria’s reconstruction projects: envoy

TEHRAN - Syrian Ambassador to Tehran Adnan Mahmoud said Iranian companies are the top priority in awarding the country’s reconstruction projects, Shata reported on Thursday.
March 15, 2019

Iran, Azerbaijan stress bolstering trade ties in business forum

TEHRAN – Attended by senior officials, entrepreneurs and businessmen from both sides, an Iran-Azerbaijan business and investment forum was held in Baku on Thursday.
March 15, 2019

Iran, Iraq “to Meet $20bn Trade Target in 2 Yrs”

Iran’s Minister of Industry, Mine and Trade Reza Rahmani said Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within the next two years. Speaking at a TV program on Wednesday, Rahmani stressed the need to exploit the potential of Iran and Iraq for […]
March 14, 2019

Iran, Iraq Ink 5 Agreements

Iran and Iraq signed five deals to promote cooperation in various fields on the first day of Iranian President Hassan Rouhani’s trip to Baghdad. In a meeting co-chaired by Rouhani and Prime Minister of Iraq Adil Abdul-Mahdi in Baghdad on Monday evening, top officials from the two countries signed five memoranda of understanding. The documents […]
March 13, 2019

100 worn-out passenger wagons scrapped

TEHRAN - Islamic Republic of Iran Railways (known as RAI) scrapped 100 worn-out passenger wagons, IRNA reported on Monday quoting the acting head of RAI.