Category: 4. Business

TEHRAN – The National Pension Fund of Iran, the owner of Persian Gulf Saba Steel Company, which produces 1.3 million tons of steel briquettes annually, has launched a €200 million expansion project aimed at boosting production…

The value of Iran’s non-oil export to Armenia increased by 21 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025), as compared to the same period of time in the past year, the spokesperson…

Foreign Ministry spokesperson Esmaeil Baghaei made the remarks on Friday, a day after the US Treasury Department designated Paknejad and three entities engaged in the Iranian oil trade in China, and named three shipping vessels as blocked…

Paknejad “oversees the export of tens of billions of dollars’ worth of Iranian oil and has allocated billions of dollars’ worth of oil to Iran’s armed forces for export,” the US Treasury Department said in a statement on Thursday, according…

The IRISL said on Tuesday that it had handled 100,000 more TEUs this calendar year, allowing it to significantly boost its annual TEU handling record.

The company said the rise in TEU handling had come despite the continued pressure of US…

Iranian and Turkish trade delegations have reviewed the implementation of a memorandum of understanding on bilateral cooperation and explored mechanisms to achieve the target of $30 billion in trade.

Reza Masroor, the secretary of Iran’s…

Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of South Pars, will add 2 million cubic meters (mcm) per day to the field’s production capacity.

The well is the first of…

Stocks immediately tumbled after Trump’s Truth Social post announcing his latest tariff threat before paring some losses. The Nasdaq Composite ticked into the green, up 0.3%, while the S&P 500 and Dow remained in negative territory, down 0.3%…