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Economy News

Iran-Pakistan trade up 13.2% in a year

Iran-Pakistan trade up 13.2% in a yearTEHRAN – The value of trade between Iran and Pakistan reached $1. 24 billion in the past Iranian calendar year of 1396 (March 2017-March 2018), a 13. 2 percent rise compared to its preceding year....
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Electricity equipment exports to Iraq, Afghanistan hit $120m in a year

Electricity equipment exports to Iraq, Afghanistan hit $120m in a yearTEHRAN-Iran's exports of electricity equipment to Iraq and Afghanistan showed 30 percent rise during the past Iranian calendar year of 1396 (which ended on March 20) and ...
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Over $903,000 of state-owned shares divested in 2 months

Over $903,000 of state-owned shares divested in 2 monthsTERHRAN- Iranian Privatization Organization (IPO) has transferred 38 billion rials (about $903,686) worth of the state-run shares to the private sector in the past two mo...
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Iran’s oil market after U.S. nuclear deal exit

Iran’s oil market after U.S. nuclear deal exitNear two weeks after U. S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil ...
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‘Kazakh market apt for Iranian goods, services’

‘Kazakh market apt for Iranian goods, services’TEHRAN- Kazakhstan seems a proper destination for exports of Iranian goods as well as engineering and technical services, Iranian industry, mining and trade minister anno...
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Iran’s light crude oil price tops $73 in a week

Iran’s light crude oil price tops $73 in a weekTEHRAN- Iran’s light crude oil price jumped $3. 2 in the week ended on May 11 to cross $73 per barrel, its highest since November 2014....
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Iran, Germany explore ways of expanding energy ties

Iran, Germany explore ways of expanding energy tiesTEHRAN – Iran and Germany’s energy ministers met on Thursday and discussed ways of mutual cooperation, the official website of Iranian Energy Ministry (known as PAVEN) re...
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Iran, Germany explore ways of expanding energy ties

Iran, Germany explore ways of expanding energy tiesTEHRAN – Iran and Germany’s energy ministers met on Thursday and discussed ways of mutual cooperation, the official website of Iranian Energy Ministry (known as PAVEN) re...
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Beijing hosts 1st meeting of Iranian, Chinese Traders Council

Beijing hosts 1st meeting of Iranian, Chinese Traders CouncilTEHRAN- The first meeting of Iranian and Chinese Traders Council was held in Beijing with participation of the representatives of 170 Iranian and Chinese companies, the w...
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Petchem exports at over $1.1b in a month

Petchem exports at over $1.1b in a monthTEHRAN- Iran exported over 1. 99 million tons of petrochemical products worth more than $1. 167 billion in the first month of current Iranian calendar year (March 21-Apri...
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S. Korea's April Iranian crude oil imports stand at 1.24m tons

S. Korea's April Iranian crude oil imports stand at 1.24m tonsTEHRAN - South Korea shipped in 1. 24 million tons of Iranian crude, or 303,025 barrels per day (bpd), in April, down 12. 1 percent from last year’s 1. 1 million tons in ...
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

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