Category: 4. Business

TEHRAN – Iran reported the transit of over 1.2 million tons of goods by road during the first month of the Persian calendar year (March 20 – April 20), reflecting a six percent year-on-year rise in total cross-border freight activity, according…

TEHRAN – Iran has officially launched its long-anticipated gas pressure boosting project at the South Pars field, the country’s largest natural gas reservoir, with energy officials emphasizing the need for strict timelines and private sector…

TEHRAN – President Masoud Pezeshkian inaugurated more than 70 trillion rials (over $140 million) worth of projects during a two-day visit to Kermanshah Province, as part of his sixth provincial tour since taking office.

Pezeshkian arrived in…

On Thursday, US President Donald Trump met with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi.

Following the meeting, Trump claimed the two nations had finalized over $200 billion in deals, according to Reuters.

These include a…

Kazem Jalali made the announcement during the Fifth Iran-Russia Media Cooperation Meeting.

He emphasized that stronger media cooperation between the two countries would pave the way for enhanced bilateral relations.

“We must move toward building…

Brent crude futures dropped $1.49, or 2.3%, to $64.60 per barrel by 0405 GMT.

US West Texas Intermediate (WTI) crude futures fell $1.46, or 2.3%, to $61.69 per barrel.

Market sentiment weakened as investors reacted to reports indicating potential…

Local media reports on Wednesday said that the Iranian Interior Ministry had issued a decree to regional electricity companies ordering them to immediately reduce the supply of power to large manufacturers.

Tejarat News, an economic website,…

Iran has finally endorsed a controversial UN convention that is required for a country to be removed from a blacklist issued by the global financial crime watchdog FATF.

Iran’s Expediency Council approved the United…

TEHRAN – Iran’s Free Zones High Council announced that commodities valued at $800,000 were exported from Chabahar Free Trade Zone, in southeast of the country, during the first Iranian calendar month Farvardin (March 21-April 21).

The council…

During a visit to the Tehran Chamber of Commerce pavilion at the Oman Oil and Energy Exhibition, Farhang met with Iranian business representatives and company delegates, expressing optimism about Oman’s potential as a destination for…