Category: 4. Business

TEHRAN – Senior officials from Iran and Azerbaijan stressed the need to expedite the construction of key transit routes during a high-level meeting in Tehran, highlighting the strategic importance of enhancing connectivity between the…

TEHRAN – Iran’s Customs Administration is ready to actively contribute to trade facilitation, digital transformation, and data sharing initiatives across the Asia-Pacific region, the country’s top customs official said at a regional…

TEHRAN – The Petroleum Engineering and Development Company (PEDEC) has signed two major subsurface drilling contracts aimed at accelerating development of the Paydar Gharb oilfield, a shared reservoir with Iraq, the project manager for the Aban…

TEHRAN – Iran’s annual power generation capacity growth rate stands at 2.2 percent, significantly lower than the global average of 4.6 percent, Energy Minister Abbas Aliabadi said on Tuesday.

Speaking at the fifth National Development Fund…

With the coordination made in this regard, about 87 percent of goods traded between Iran and the five member countries of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan) will be traded with zero tariffs,…

TEHRAN – Iran’s Free Zones High Council announced that the trade balance of Maku Free Trade Zone, in the northwest of the country, was $5.35 million positive in the first Iranian calendar month Farvardin (March 21-April 21).

The council…

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…