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Economy News

Majlis votes to attach 2 southeastern ports to Chabahar Free Zone

Majlis votes to attach 2 southeastern ports to Chabahar Free ZoneTEHRAN- In an open session of Majlis on Sunday evening, the MPs approves the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran, Tasnim news agency reported....
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Budget bill envisages 10% more income for government-owned banks

Budget bill envisages 10% more income for government-owned banksTEHRAN- The national budget bill for the next Iranian calendar year (starts on March 20, 2020) has predicted a 10. 2-percent more income for the Central Bank of Iran (CBI...
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Adequate basic commodities reserved for next year: trade min.

Adequate basic commodities reserved for next year: trade min.TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said the basic goods that the country needs in the current Iranian calendar year (ends on March 19, 2020)...
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Iran’s trade balance with Turkey positive in 10 months

Iran’s trade balance with Turkey positive in 10 monthsTEHRAN- Trade balance between Iran and Turkey was $1. 1 billion positive in favor of Iran during the first 10 months of 2019, ISNA reported on Saturday, citing the data r...
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Iran to inaugurate a truck tire manufacturing plant next month

Iran to inaugurate a truck tire manufacturing plant next monthTEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani announced that a truck tire manufacturing plant will be inaugurated in the country next month to meet 25 ...
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Iran to inaugurate a truck tire manufacturing plant next month

Iran to inaugurate a truck tire manufacturing plant next monthTEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani announced that a truck tire manufacturing plant will be inaugurated in the country next month to meet 25 ...
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Industrial parks’ infrastructures should be improved: ISIPO head

Industrial parks’ infrastructures should be improved: ISIPO headTEHRAN- The head of Iran Small Industries and Industrial Parks Organization (ISIPO) said that infrastructures should be improved in the country’s industrial parks, IRNA r...
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Jask Port becomes free trade zone

Jask Port becomes free trade zoneTEHRAN – Iran’s Jask Port in southern Hormozgan province has become a free trade zone, IRNA reported on Tuesday, quoting the Transport and Urban Development Minister as s...
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CBI to pay over $4.7b of facilities for Siraf refineries complex

CBI to pay over $4.7b of facilities for Siraf refineries complexTEHRAN – Central Bank of Iran (CBI) is going to pay 200 trillion rials (over $4. billion) of facilities for construction of a series of refineries in Siraf Port in southe...
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CBI to pay over $4.7b of facilities for Siraf refineries complex

CBI to pay over $4.7b of facilities for Siraf refineries complexTEHRAN – Central Bank of Iran (CBI) is going to pay 200 trillion rials (over $4. billion) of facilities for construction of a series of refineries in Siraf Port in southe...
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Iran needs over $42b to complete its transport infrastructure projects

Iran needs over $42b to complete its transport infrastructure projectsTEHRAN – Iran’s Deputy Transport Minister for Resource Planning and Management says the county needs over 1. drillion rials (about $42. 8 billion) of financial resources ...
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Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

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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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