Category: Economy and markets
Iranian nuclear plant’s annual power output hits record high_thumbnail

In a video message released on Wednesday, Mohammad Eslami congratulated the Iranian nation on Nowruz, the Persian New Year. The AEOI chief said a series of plans and measures have increased the productivity levels in the energy and nuclear power sectors. Highlighting the safe, successful, and seamless performance of the Bushehr nuclear power plant in […]

Tehran targeting $20 billion in trade with Baghdad by 2027_thumbnail

Speaking at the latest session of the Coordinating Headquarters of Foreign Economic Relations, the director general of the Persian Gulf Office of Iran’s Ministry of Foreign Affairs, Jahanbakhsh Sanjabi, said Iran has targeted $20 billion in trade with Iraq by the end of 2027. The meeting, headed by Iran’s Deputy Foreign Minister for Economic Diplomacy Affairs […]

Iran Expo 2024 to host 3000 foreign traders, businessmen_thumbnail

The 6th International Iran Expo 2024 is one of the most popular international events in Iran, and it provides great chances for businesses, manufacturers, suppliers, commercial media, and other activists in various sectors and industries to put their products, services, technologies, and business ideas to show. The 6th International Exhibition of Iran Expo 2024 is […]

Tehran markets before Nowruz_thumbnail

TEHRAN, Mar. 16 (MNA) – People in Tehran are busy these days purchasing the items they need for celebrating the new Iranian year of 1403. The beginning of the new year is called Nowruz in Iran like many other neighboring countries.

Iran’s export of agricultural products up 13% in 10 months_thumbnail

Speaking in a Cabinet meeting on Wednesday, Mohammad Ali Nikbakht expounded a comprehensive report on the rise in the export of agricultural products in the current year and noted that eight million tons of agricultural products, valued at $6 billion, were exported from the country between March 21, 2023, and January 22, 2024. It shows a 13 and […]

GECF final declaration condemns unilateral economic sanctions_thumbnail

The 7th Summit of Heads of State and Government of the Member Countries of the Gas Exporting Countries Forum (GECF) convened in Algiers, the capital city of Algeria, on 2nd March. During the Summit, the leaders approved the Algiers Declaration in the spirit of solidarity and cooperation. The Forum was established in 2001 and includes […]

BRICS to create blockchain-based payment system_thumbnail

“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain. The main thing is to make sure it is convenient for governments, common people and businesses, as well as cost-effective and free of politics,” he said […]

Iran, Ghana ink document on air transport cooperation_thumbnail

The Islamic Republic of Iran Civil Aviation Authority (ICAA) approved air transport cooperation with Ghana after the Iranian cabinet members gave their approval. The ICAA has drafted a mutual agreement on air transport between Iran and Ghana, which establishes a legal framework for the launch of flights. Following the legal procedure and coordination with the Iranian […]

Pak-Iran gas pipeline recommences after ten-year delay_thumbnail

This marked considerable progress in the Pak-Iran gas pipeline project. The approval comes as Pakistan has scrambled to avoid a staggering 18-billion-dollar fine, with the government authorizing the commencement of long-awaited work on the initial 80-kilometer phase within its borders. Analysts say the project will improve Pakistan’s energy security and support regional industries by providing […]

Makran Port operation increases port capacity by 200 mn tons_thumbnail

Reporting on the recent developments in the maritime sector in line with the policies for sustainable sea-based economy, Iran Minister of Roads and Urban Development, Mehrdad Bazrpash, said upon operation of Makran Port, which is currently under construction, the container capacity of Iran increases by 200 million tons. Only in one and a half year, […]

Tehran to host Iran-Russia Joint Economic Committee meeting_thumbnail

The meeting will be co-chaired by Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak. Iranian and Russian experts from different economic sectors will explore all avenues in 20 working groups to promote bilateral cooperation and prepare the ground for outlining a comprehensive memorandum of understanding (MOU) by beating off the existing […]

Iran-China cooperation should yield more tangible results_thumbnail

Amir-Abdollahian made the remarks in a meeting on Sunday with Iran’s ambassador to China Mohsen Bakhtiar. The minister called for more progress in the implementation of a comprehensive partnership agreement between Iran and China. He also said that Iranian Foreign Ministry’s priorities with regard to China include more cooperation between private sectors of the two […]

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