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Economy News

Secondary forex market witnessing smoother deals: CBI governor

Secondary forex market witnessing smoother deals: CBI governorTEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI)....
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France's Total officially leaves South Pars deal: Zanganeh

France's Total officially leaves South Pars deal: ZanganehTEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that France’s Total has officially withdrawn from South Pars gas deal, Iranian state TV reported....
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China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions

China shifts to Iranian tankers to keep oil flowing amid U.S. sanctionsChinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Company (NITC) for nearly all of their imports to keep suppl...
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Iran to build 50,000-ton oil terminal at Chabahar port

Iran to build 50,000-ton oil terminal at Chabahar portTEHRAN – Iran is going to construct a new oil terminal with a capacity of 50,000 tons at its southeastern Chabahar Port, Shana reported on Monday quoting an oil official....
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Over $595m allocated for developing oil-rich regions

Over $595m allocated for developing oil-rich regionsTEHRAN – National Iranian Oil Company’s director for supervision of construction projects said the oil ministry has allocated 25 trillion rials (about $595. lion) for dev...
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Minerals, mining exports at over $3.7b during 4 months

Minerals, mining exports at over $3.7b during 4 monthsTEHRAN- The value of Iran’s minerals and mining exports stood at $3. 63 billion during the first four months of current Iranian calendar year (March 21-July 22), accordin...
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TPO head discusses trade affairs with foreign commercial attaches

TPO head discusses trade affairs with foreign commercial attachesTEHRAN- Mojtaba Khosrotaj, the head of Iran’s Trade Promotion Organization (TPO), discussed Iran’s exports capacities and imports priorities with commercial attaches and ...
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HOFEX 2018 running in Tehran

HOFEX 2018 running in TehranTEHRAN- Iran’s 27th international exhibition of home furniture (HOFEX 2018) became operational at the Tehran Permanent International Fairground on Wednesday, IRIB reporte...
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CEO of IFB briefs private sector representatives on crowdfunding issues

CEO of IFB briefs private sector representatives on crowdfunding issuesTEHRAN- In a meeting held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), representatives of private sector met Amir Hamooni, the CE...
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Major steel producers’ output rises 15% in 4 months on year

Major steel producers’ output rises 15% in 4 months on yearTEHRAN- Iran’s major steel producers produced 6. 86 million tons of crude steel during the four-month period from March 21 to July 22, with 15 percent growth from the fig...
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Industry Ministry bans exports of 5 types of goods

Industry Ministry bans exports of 5 types of goodsTEHRAN- Exports of five types of goods will be ceased due to a recent decision of the Ministry of Industry announced to the Islamic Republic of Iran Customs Administratio...
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