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Economy News

South Korea imports nearly 3m barrels of Iranian oil in January

South Korea imports nearly 3m barrels of Iranian oil in JanuaryTEHRAN- South Korea imported 12. 46 million tons or 2. 94 million barrels of crude oil from Iran in January, data from the country’s customs office showed....
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IFX rises 3.1% in January

IFX rises 3.1% in JanuaryTEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), closed at 1,932, climbing 3. 1% at the end of January....
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IFX rises 3.1% in January

IFX rises 3.1% in JanuaryTEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), closed at 1,932, climbing 3. 1% at the end of January....
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5th round of offering oil at IRENEX on Feb. 18

5th round of offering oil at IRENEX on Feb. 18TEHRAN- National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the fifth time on February 18, Shana re...
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Inflation, liquidity curbed: CBI Governor

Inflation, liquidity curbed: CBI GovernorTEHRAN- Despite the expressed concerns about a probable rampant inflation and high volume of liquidity in the country, the two indices are presently kept under control, t...
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Aluminum ingot production rises 5% in 10 months on year

Aluminum ingot production rises 5% in 10 months on yearTEHRAN- Production of aluminum ingot by three major producers in Iran has risen five percent during the first ten months of the current Iranian calendar year (March 21, 2...
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Aluminum ingot production rises 5% in 10 months on year

Aluminum ingot production rises 5% in 10 months on yearTEHRAN- Production of aluminum ingot by three major producers in Iran has risen five percent during the first ten months of the current Iranian calendar year (March 21, 2...
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Ban on imports of 1,300 goods items to be removed soon

Ban on imports of 1,300 goods items to be removed soonTEHRAN- Iranian government is to remove the ban on imports of 1,300 types of goods via land borders soon, IRIB reported....
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Liquidity almost at $410b in a month

Liquidity almost at $410b in a monthTEHRAN- Iran’s liquidity stood at 17. 5 quadrillion rials (about $410. 7 billion) during the seventh month of the present Iranian calendar year, Mehr (October 22- Novembe...
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294 industrial infrastructure projects to be inaugurated by Feb. 11

294 industrial infrastructure projects to be inaugurated by Feb. 11TEHRAN- The deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO) announced that on the occasion of the 40th anniversary of Islamic revolution, s...
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Iran, Iraq set up payment mechanism to facilitate trade

Iran, Iraq set up payment mechanism to facilitate tradeTEHRAN – Central banks of Iran and Iraq reached an agreement to set up a payment mechanism to facilitate banking ties between the two countries, the portal of Central Ban...
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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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