February 2, 2019

Energy Fintech in Iran: An expert view

Tehran Times once more welcomed Chris Cook, a senior research fellow at the Institute for Strategy, Resilience and Security Studies at University College London and a leading global expert in energy markets and financial technology, and Mahmood Khaghan...
February 2, 2019

9 Contracts Signed for Enhancing Oil Production

9 Contracts Signed with Local Firms for Maintaining, Enhancing Oil Production National Iranian Oil Company (NIOC) subsidiaries signed 9 contracts with local developers for maintaining and enhancing the production capacity of a number of Iranian oil and gas fields. The deals were signed on Tuesday in a ceremony that was attended by Iranian Minister of […]
February 1, 2019

5000 agricultural research projects underway across Iran

TEHRAN - Head of Iran’s Agricultural Research Education and Extension Organization (AREEO) said the organization is conducting 5000 agricultural research projects across the country, IRNA reported.
February 1, 2019

South Pars platform 24A shipped toward installation spot

TEHRAN - Platform 24A, the second platform of phases 22-24 of developing South Pars gas field, was shipped on Thursday to be installed on its designated offshore spot, Farhad Izadjou, the operator of these phases, announced.
February 1, 2019

Foodstuff, pharmaceutical exports up 4.6% in 9 months on year

TEHRAN – The value of exports of foodstuff, pharmaceutical and sanitary products in the first nine months of the current Iranian calendar year (March 21 – September 21, 2018) increased by 4.62 percent compared to the last year’s same period, IRIB repor...
February 1, 2019

SPV: A European mechanism to struggle U.S., gain economic autonomy

In their joint statement on that last day of January, French Foreign Minister Jean-Yves Le Drian, German Foreign Minister Heiko Maas, and British Foreign Secretary Jeremy Hunt introduced the SPV (a special purpose vehicle) also called INSTEX (Instrumen...
February 1, 2019

NIORDC to inaugurate 20 development projects worth €1.6 b in 10 days

TEHRAN- National Iranian Oil Refining and Distribution Company (NIORDC) will inaugurate 20 development projects worth €1.6 billion (35 trillion rials, which equals €744.6 million, plus €861 million) during the Ten-Day Dawn (February 1-10, marking the v...
February 1, 2019

New Oilfield Discovered in Southwest Iran

Iran has discovered a new oilfield near the southwestern city of Abadan, Oil Minister Bijan Namdar Zanganeh has said. Speaking to reporters on the sidelines of a cabinet session in Tehran, Zanganeh said workers drilling a well at ‘Minoo’ region near Abadan discovered crude oil on Tuesday morning. “It is the first time we discover […]
January 31, 2019

New Mechanism to Facilitate Trade with Iran

French, German and UK Foreign Ministers today announced the creation of ‘INSTEX‘, a new mechanism for facilitating legitimate trade with Iran in order to preserve the Iran nuclear deal. Joint statement by the E3 Foreign Ministers Jean-Yves Le Drian (France), Heiko Maas (Germany), Jeremy Hunt (United Kingdom): “France, Germany and the United Kingdom, in accordance […]
January 31, 2019

Iran, Syria Sign 11 Cooperation Deals

High-ranking officials from Iran and Syria inked 11 agreements, including memorandums of understanding (MoUs), in a bid to boost cooperation between the two countries in diverse areas. The documents were signed during a meeting between Iranian First Vice-President Eshaq Jahangiri and Syrian Prime Minister Imad Khamis in Damascus. Nine MoUs were signed by Iranian and […]
January 31, 2019

1st intl. date exhibition to be held in Shiraz

TEHRAN- Iran’s First International Exhibition of Date, Processing and Related Industries is to be held in the capital city of the southcentral Iranian province of Fars, Shiraz, Trade Promotion Organization of Iran (TPO) announced.
January 31, 2019

‘Iran among top 10 transformer manufacturers in world’

TEHRAN- “Iran stands among the 10 top transformer manufacturers in the world," the secretory of Iran’s 5th International Transformer Conference and Exhibition announced on the sidelines of the event, Tasnim news agency reported on Wednesday.
January 30, 2019

Tehran hosting over 200 companies in furniture exhibition

TEHRAN- The 12th edition of Iran’s Furniture Exhibition, which kicked off on Tuesday, is hosting over 200 companies and production units at Imam Khomeini Grand Prayer Grounds (Mosalla), IRNA reported.
January 30, 2019

Non-oil trade balance at $678m in 10 months

TEHRAN- Iran’s non-oil trade with other countries registered a $678 million positive balance in the first ten months of the current Iranian calendar year (March 21, 2018 – January 20, 2019), IRNA reported on Wednesday citing the data released by the Is...
January 30, 2019

Iran, Syria to set up joint bank in Damascus

TEHRAN- Central Bank of Iran’s Governor Abdolnaser Hemmati announced that based on the agreement signed between Iran and Syria on Tuesday for developing and facilitating bilateral banking relations, the two countries will set up a joint bank branch in ...
January 30, 2019

Iran-Switzerland Payment Channel Ready: Official

The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries. In remarks released on Wednesday, Sharif Nezam Mafi said the financial mechanism has been prepared and its operational features have been announced. The […]
January 30, 2019

France Says SPV to Be Implemented in ‘Coming Days’

The French foreign minister said the special purpose vehicle (SPV), the EU mechanism aimed at facilitating trade with Iran in the US sanctions era, would be established in the “coming days”. The SPV “should be implemented in the coming days”, Jean-Yves Le Drian told the French parliament’s foreign affairs committee, Reuters reported late on Wednesday. […]
January 29, 2019

Annual e-banking conference kicks off in Tehran

TEHRAN – Attended by senior banking and technology officials, the eighth annual conference on E-Banking and Payment Systems kicked off in Tehran on Tuesday, IRIB reported.
January 29, 2019

Over 40% of Iran’s crude steel exported: IDRO head

TEHRAN- Over 40% of crude steel produced in Iran is exported to different markets worldwide, IRNA reported quoting Khodadad Gharibpour, the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), as saying on Tuesday.
January 29, 2019

Tehran hosting 9th Iranian steel market conference

TEHRAN – The ninth edition of Iranian Steel Market Conference and Exhibition (ISMC) is being held during January 29-30 at IRIB Conference Center in Tehran, IRIB reported.