Economy

Crude oil trading in the Energy Exchange began today with a supply of one million barrels of crude oil, which eventually ended up selling eight consignments weighing 35,000 tons.Only four buyers had all the conditions to enter the purchasing competition for oil shipment.Buyers are required to pay 10% of the …

President Hassan Rouhani on Sunday nominated new ministers to take the helm of the of economy, labor, industry and roads, as his administration faces mounting pressure to stabilize an economy thrown into turmoil by mismanagement and renewed US sanctions.Dejpasand joined Rouhani’s second cabinet with 200 votes in favor, 50 against …

Salari reiterated the necessity of a serious follow-up to the implementation of the Eurasian Union Memorandum on Saturday at the 43rd meeting of the Council of Dialogue between Government and private sector in the Gilan province, adding, 'Most of this agreement is national, but given that Gilan has benefits in …

Once summed up and evaluated again, the final decision will be announced.Energy Stock Exchange on Saturday announced that the banks accepted by the National Iranian Oil Company to issue a Rial Bank Guarantee Letter by Pasargad, Tejarat, Tose Saderat (Export Development), Sepah, Saderat (Exports), Mellat and Melli as well as …

A total of 1.13 million tons of various types of fruits worth $ 741 million were exported from Iran in the first half of the Iranian year registering a 17% increase compared to last year's corresponding period, Customs of Islamic Republic of Iran reported. Iran exported 974,000 tons of fruits …

From January to September 2018, Iran has produced 18,520,000 tons of crude steel; in the same period last year, the figure was 15,431,000 tons.According to the statistics, Iran's crude steel production was 2 million tons in September 2018; a 4.3% (1,918,000 tonnes) year-on-year growth. During the first nine months of …

Speaking to the Islamic Republic News Agency (IRNA) on Saturday, Anvar Kamari said the value of the non-oil exports to Indonesia reached $ 328m compared with the same period last year which was $ 230m.The figure had 42% rise in value and 20% growth in weight, he said.He referred to …

Shalamcheh is a town in Khuzestan Province of Iran near Iraq border and Basra is an important port in southern Iraq. Shalamcheh-Basra railway is an important and strategic project of free zones in Iran, Morteza Bank said Friday night addressing a meeting which was held with the attendance of the …

Over 100 trade codes have been offered to foreign buyers to allow them to get engaged in trading Iranian crude and oil products in the Energy Bourse, Kardor told the Islamic Republic News Agency (IRNA) on Friday. The Securities Exchange Organization (SEO) announced on October 16 that the Iranian crude …

Islamic Republic of Iran has showcased its cultural industry and capabilities in two departments, namely the international and the ancient civilization.Adel Khani, Iran's cultural attaché in Beijing, said Iran has put to display the main cultural and creative achievements gained over the past one year.The cultural and creative items, presented …