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Economy News

Expert: Non-European trade partners better for Iran

Expert: Non-European trade partners better for IranTEHRAN - European countries have been looking to increase trade ties with Iran since the 5+1 countries and Iran struck a nuclear deal according to which Tehran agreed to limit its nuclear activities in exchange for termination of most economic sanctions....
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Above $183b required for annual growth of 8%

Above $183b required for annual growth of 8%TEHRAN- Some 7. 7 quadrillion rials (about $183. 3 billion) of capital is needed per annum to reach eight percent economic growth, Mohammad Baqer Nobakht, the head of Man...
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Iran’s crude steel output up 43% in March: WSA

Iran’s crude steel output up 43% in March: WSATEHRAN- Production of crude steel in Iran stood at 2. 35 million tons in March 2018, indicating 43. 7 percent rise from the figure of March 2017, according to World Steel...
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Customs offices to be established in all free trade zones by March, 2019

Customs offices to be established in all free trade zones by March, 2019TEHRAN- Morteza Bank, the secretary of Iran’s Free Zones High Council, announced that customs offices will be established in all seven free trade zones of the country by...
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Indonesia’s Pertamina considers Iran a priority in region

Indonesia’s Pertamina considers Iran a priority in regionTEHRAN - Indonesia’s state-run oil and gas company Pertamina sees cooperation with Iran as a priority for its activities in the region, Junizar Harman Dipodiwirjo, a fiel...
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Million-dollar oil, gas agreements expected to be signed between Iranian, Dutch companies

Million-dollar oil, gas agreements expected to be signed between Iranian, Dutch companiesTEHRAN- The director of a Dutch advisory group says agreements worth millions of dollars are expected to be signed between oil and gas companies from Iran and the Netherl...
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NIOC introduces 14 oil exploration blocks to domestic, foreign companies

NIOC introduces 14 oil exploration blocks to domestic, foreign companiesTEHRAN- National Iranian Oil Company (NIOC) introduced 14 oil exploration blocks in Iran to the Iranian and foreign companies in a meeting in Tehran on Monday, Shana news...
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Transit of goods via railway to reach 3m tons by March 2019

Transit of goods via railway to reach 3m tons by March 2019TEHRAN- Transit of goods via Iran’s railway network is planned to reach three million tons in the current Iranian calendar year (which ends on March 20, 2019), according ...
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Renowned European petchem companies eager for co-op with Iran

Renowned European petchem companies eager for co-op with IranTEHRAN – Managing Director of National Iranian Petrochemical Company (NPC) said renowned European companies has expressed willingness for cooperation with Iran’s petroche...
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Iranian transport min. attends Silk Road meeting in Turkmenistan

Iranian transport min. attends Silk Road meeting in TurkmenistanTEHRAN- The international forum entitled as the ‘Great Silk Road – the path to new achievements’ kicked off on Wednesday in Turkmenistan’s Avaza national tourism zone hos...
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Bitumen exports subject to permit from oil ministry

Bitumen exports subject to permit from oil ministryTehran – Iran’s cabinet has passed a directive to subject bitumen exports to obtaining permit from the oil ministry....
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

Travel tips

Things to Know Before Trip
One of the most important things to remember is that Iranians aren’t Arabs, they’re Persian. They speak Farsi (and other dialects), not Arabic, and some people might feel offended if you great them with Arabic words.
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  • Iranian don’t hate Americans
  • Iran is a great place for backpacking

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