Category: 4. Business

TEHRAN – The secretary of Iran’s Home Appliance Industries Association said domestic production of home appliances is expected to reach 20 million units by the end of the current Iranian calendar year (late March). The significant increase in…

TEHRAN – Iran’s Minister of Transport and Urban Development inaugurated 4,980 residential units under the National Housing Movement in West Azarbaijan Province during his visit to the region.

In a symbolic ceremony held in Urmia on Saturday,…

TEHRAN – The exploratory excavation conducted by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) increased by 27 percent in the first 10 months of the current Iranian year (March 20, 2024 – January 20,…

Some state-controlled Chinese refiners have reduced purchases of Russian oil loadings for March as they assess the risks of dealing with sanctioned entities and wait for more clarity about a possible Russia- Ukraine ceasefire and potential US…

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…