Economy

Belozerov told a ceremony on Monday that the fast transportation is due to electrifying of Garmasar-Incheborun railway.He said per an agreement signed with Iranian state railway, the project will be complete in four years and fourth months.Once the project is complete, Iran's economic and trade ties with the neighbors will …

Fortunately, oil exports witnessed 21 percent increase in volume and 74 percent increase in national currency revenues during the first three months of the Iranian calendar year (started March 21, 2018), Government Spokesman Mohammad Baqer Nobakht said in a meeting with a gathering of MPs.He described the current people's demand …

The Committee which met under its new chair, Senator Nuzhat Sadiq recommended that the project should be started at the earliest.Committee members observed that while the Iranian government had completed the formalities to start the service, there had been unnecessary delays on the part of the Pakistani government.During the meeting, …

Manouchehr Manteghi referred to Iran success in repair and maintenance of different kinds of military planes, choppers and business aircraft after the Islamic Revolution.Today we can claim that we are self-sufficient and are able to send services to other countries in the region, he added.Big technical and scientific strides have …

The project is aimed at developing export markets, Behzad said.He added that 21 priorities have been mentioned for Iran's top products to participate in the Iraqi market.The priorities consist of industrial goods, electricity, knowledge-based, oil and gas, building, Animal and poultry food, technical and engineering services, drug and laboratory materials, …

According to the report of Petroleum Ministry website on Monday, in June Iran exported around 330,000 barrels of gas condensates and around 2.2 million barrels a day of crude oil.The average price of Iranian oil since the beginning of the current year has been over 66 dollars per barrel.Over last …

In an interview with the Islamic Republic News Agency (IRNA), Irfan Nawaz, member of Sialkot Chamber of Commerce and Industry (SCCI) said trade between Iran and Pakistan is on a positive trajectory. Earlier Ambassador of Iran to Pakistan Mehdi Honardoost had said that a currency swap agreement and resumption of …

Speaking to France International Radio on the condition of anonymity, he said the company is waiting for post-Trump era or the sudden change of the US president. According to the French Radio, in the wake of US administration’s unilateral action to withdraw from Iran nuclear deal also known as the …

According to Presidential Office website, a cabinet session headed by President Hassan Rouhani reviewed a report by the ministry on indices and its major measures over the first two months.The report further noted that banking facilities to the industry and mine sector hit 21,000 billion tomans over the same period, …

Torki told IRNA on Sunday that this year the amount of foreign investment will be doubled.He said foreign investment was channeled to the solar energy, agricultural, industry, mines, trade, processing industries in agriculture and technology last year and this year the investment is to focus on the information technology.The official …