Category: 4. Business

TEHRAN – Iran’s central bank announced that more than $6.5 billion in foreign currency has been allocated to import goods and services since the beginning of the current Iranian year (starting March 20), as total commercial forex market…

TEHRAN – Iran and Indonesia have launched initial discussions on joint overseas farming projects, according to a member of Iran’s parliamentary delegation at the 19th Islamic Inter-Parliamentary Conference.

Speaking to IRNA on Saturday,…

TEHRAN – Iran has expanded its crude oil storage capacity by two million barrels following the refurbishment and reactivation of two major storage tanks at the Kharg operational area.

According to the National Iranian Oil Company (NIOC), the…

TEHRAN- Iran exported non-oil commodities valued at $401 million to Iraq in the first Iranian calendar month of Farvardin (March 21-April 21), according to data from the Islamic Republic of Iran Customs Administration (IRICA).

The IRICA data…

Iran has made great advancements in the parts manufacturing industry in recent years, where more than 1,850 parts manufacturing companies are operating at full throttle in the country.

Today, Iran is the 20th largest…

TEHRAN – Production of steel ingot in Iran increased by 4.6 percent during the first month of the current Iranian calendar year, Farvardin (March 21-April21), as compared to the first month in the previous year.

As reported, 3.312 million tons…

TEHRAN – Iran’s natural stone industry has the potential to reach $5.0 billion in annual exports, but currently earns less than $200 million, the head of Iran Stone Association said, warning that tapping into foreign markets is the only path…