Category: Economy and markets
Major companies worldwide cut military ties with Israel_thumbnail

Japan’s Itochu, which ranks 96th on Fortune’s Global 500 list of the world’s largest companies, announced its aviation arm is ending its memorandum of understanding (MOU), or a formal agreement for two parties to collaborate, with Elbit, the Israeli regime largest military contractor. “Taking into consideration the International Court of Justice’s order on January 26, […]

7,000 factories have resumed operation with gov. support_thumbnail

President Ebrahim Raeisi made the rewmarks on a visit to Hormozgan province on Thursday morning to mark the second visit of his Popular Administration to the province. “Hormozgan, as mentioned before, has many capabilities and potnetials in the maritime economy, tourism, agriculture and industry.” Pointing out that good projects have been done in the province […]

Iran, Turkey to exchange electricity using modern technology_thumbnail

Mehdi Moghimzadeh in an interview with IRNA said that the new technology will make it possible for Iran and Turkiye to easily export electricity to Europe. “With the signing of the contract for the operation of 400-kilovolt BtB HVDC line between Khoy (Iran) and Van (Turkey), it is possible to exchange electricity between the two […]

Iran exports about $30 bn oil in 10-month period: IRICA Chief_thumbnail

Some 113 million tons of goods, valued at $40.5 billion, were exported from the country between March 21, 2023, and January 22, 2024, with oil, luggage trade, electricity and technical-engineering services excluded, IRICA President Mohammad Rezvanifar added. He went on to say that Iran’s export of non-oil products showed a 9.4 percent growth in weight […]

Iran, Bosnia Herzegovina confer on boosting ties_thumbnail

In this meeting, the ambassador of Iran stated, “Iran’s foreign policy strategy is to communicate with different ethnic groups and religions in Bosnia, and at the same time, we believe in and respect the territorial integrity of Bosnia.” Ebrahimi Torkaman, emphasizing the good relations between the Islamic Republic of Iran and the countries of the […]

Loading, unloading over 89m tons of goods in S Iran_thumbnail

The director general of the Ports and Maritime Department of Hormozgan Province said that 89 million and 294 thousand tons of goods were loaded or unloaded at the provincial ports. Hossein Abbasnejad went on to say that 69 million and 595 thousand of various oil and non-oil commodities were loaded or unloaded over the past […]

Iran planning on exporting nuclear technological products_thumbnail

Eslami made the remarks on the sidelines of the Iran 29th Iranian Nuclear Conference on Sunday. Saying that several goals and plans have been set in the nuclear industry, Eslami called for the convergence of the universities and the AEOI in order to develop resources in the nuclear field. Noting that research opportunities and activities have been developed […]

Exports value of products from Mehran border up 69%:official_thumbnail

Export of products via Mehran Border to neighboring Iraq and other countries registered a considerable 69 percent growth in value. Rouhollah Gholami made the remarks in an interview with IRNA on Monday and added that 1,105,109 tons of non-oil goods were exported from Mehran Border to Iraq and other countries from March 21 to July […]

Iran’s NIOC, Russia’s Gazprom strike $40b MoU_thumbnail

The document was signed during an online ceremony on Tuesday by NIOC CEO Mohsen Khojastehmehr and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee. The development of Kish and North Pars gas fields, pressure enhancement of South Pars field, development of 6 oil fields, gas and product swap, completion of LNG projects, construction of […]

IRISL earmarks 300 containers to carry cargo to Russia_thumbnail

With the integrated management of companies under the ownership of IRISL and in line with the goal of playing a role in implementation of goods transportation operations in North-South corridor, Islamic Republic of Iran Shipping Lines started transporting country’s goods to Russia by allocating 300 containers in the first phase. Emphasizing the need for activating […]

Russia becomes India’s second biggest oil exporter_thumbnail

In May Indian refiners received about 819,000 barrels per day (bpd) of Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed, according to Reuters. Western sanctions against Russia for launching a special military operation in Ukraine prompted many oil importers to shun trade with Moscow, pushing […]

Iran, Venezuela planning 20-year cooperation map_thumbnail

In an interview with HispanTV, Maduro recalled that Venezuela and Iran have maintained diplomatic relations since the 1950s. However, the process of rapprochement between these countries began to accelerate and strengthen from 2001 under the impulse of Commander Hugo Chavez’s presidency. “The relationship between Venezuela and Iran is a model to follow because it expresses […]

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