TEHRAN- The value of export from South Khorasan province, in the east of Iran, rose 40 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of time in the past year, according to a provincial official. Hassan Rahimizadeh, the director-general of the province’s […]

TEHRAN – Managing Director of Iran’s Persian Gulf Mining and Metal Industries Special Economic Zone (PGSEZ) has said the necessary infrastructure including water, electricity, and natural gas supplies have been provided in the region and the zone is ready for attracting investment. As IRNA reported, Hassan Khalaj Tehrani said in recent years, PGSEZ has laid […]

TEHRAN – Head of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad says over four million tons of basic goods are already stored at the country’s ports, the PMO portal reported on Wednesday. Rastad noted that 11.4 million tons of basic goods have also been cleared from the country’s ports since the beginning of the […]

TEHRAN- “By promoting economic diplomacy, we can develop relations with neighboring countries, which will also lead to prosperity for the free zones”, Hossein Garousi, the acting managing director of Arvand Free Zone Organization, stated. “Diplomacy should not be just political,” he said, adding, “We need economic diplomacy, especially with neighboring countries to improve people’s livelihoods”. […]

TEHRAN- Over 636,000 tons of commodities worth more than 103 trillion rials (about $2.452 billion) were traded at Iran Mercantile Market in the past Iranian calendar week (ended on Friday). As reported by the IME’s Public Relations and International Affairs Department, the exchange sold 310,018 tons of commodities on its metals and minerals trading floor. […]

TEHRAN — The first tanker carrying fuel for Lebanon has left Iranian waters. The Lebanese Hezbollah vowed last week that Iran was sending fuel to Lebanon which is facing economic collapse and serious shortages of fuel for essential services. The first tanker has left now and must sail to the Suez Canal before reaching the […]

TEHRAN- Real state stock exchange to trade lands and houses will be set up in Iran Mercantile Exchange (IME) in the second half of the current Iranian calendar year (September 22, 2021-March 20, 2022), deputy transport and urban development minister announced. Mahmoud Mahmoudzadeh, the deputy minister for housing and construction affairs, said that there has […]

TEHRAN- Iran’s export of gasoline and gas oil seems to have been dropped in the first four months of the current Iranian calendar year (March 21-July 22), as compared to the first period of time in the past year, according to a member of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA). “The price […]

TEHRAN – Iranian banking system has paid 7.01 quadrillion rials (over $166.9 billion) of facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), registering a 280.4 percent rise from the figure for the same period in the previous year. According to the data provided by […]

TEHRAN – Iran’s National Petrochemical Company (NPC) is planning the fourth leap of the petrochemical industry, based on which the country’s petrochemical revenues are expected to reach $50 billion by the Iranian calendar year 1406 (starts in March 2027), according to NPO Managing Director Behzad Mohammadi. “By completing the projects defined in the second and […]

TEHRAN- Transit of goods via Iran has risen 48 percent in the fourth Iranian calendar month Tir (June 22-July 22), as compared to the same month of the past year, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi said that 1.011 million tons of commodities has been transited via […]

TEHRAN – Mohammad-Hassan Motevalizadeh, the managing director of Iran’s Power Generation, Distribution, and Transmission Company (known as Tavanir), has announced the possibility of imposing electricity supply limitations for industrial subscribers, IRIB reported on Monday. “If household consumers do not cooperate by managing their consumption we might be forced to impose supply limitations for industrial subscribers […]