• Iran-Europe trade up 94% on year in H1

    Iran-Europe trade up 94% on year in H1

    TEHRAN- Trade exchange between Iran and Europe increased 94 percent in the first half of 2017 from the same time in 2016, based on the latest figures released by the European Union’s statistics agency Eurostat.

  • Ceylon tea: A journey to the land of green magic

    Ebrahim Fallahi

    Ceylon tea: A journey to the land of green magic

    When earlier this month I got an invitation to attend the 150th anniversary of Ceylon tea industry in Sri Lanka, I didn’t know much about the country.

  • Rosneft inherits Essar oil’s $2.4b debt to Iran

    Rosneft inherits Essar oil’s $2.4b debt to Iran

    TEHRAN – Russian oil major Rosneft and its partners - global trader Trafigura and Russian fund UCP – sealed a $12.9 billion deal with India’s Essar oil on Monday based on which the Russian side purchased a 98.26 percent stake in the Indian company.

  • Iran sells light crude oil at $51.39 in a week

    Iran sells light crude oil at $51.39 in a week

    TEHRAN – The price of Iran’s light crude oil stood level at $51.39 during the week ended on August 11, a range similar to the previous week, IRNA reported on Tuesday.

  • Iran’s daily gas exports hit 42mcm

    Iran’s daily gas exports hit 42mcm

    TEHRAN- National Iranian Gas Company (NIGC) Managing Director Hamid Araqi announced that the country’s gas export has hit 42 million cubic meters (mcm) per day, Shana reported on Tuesday.

  • Ministers outline top economic, energy policies

    Ministers outline top economic, energy policies

    TEHRAN- Iranian Parliament (Majlis) on Sunday approved 16 cabinet members nominated by recently re-elected President Hassan Rouhani, including minister for oil Bijan Namdar Zanganeh, transport and urban development Abbas Akhoundi, and finance and economic affairs Masoud Karbasian, whose top priorities for their ministries come as follows. 

  • Asgari appointed acting head of Customs Administration

    Asgari appointed acting head of Customs Administration

    TEHRAN- Foroud Asgari, a former deputy in Islamic Republic of Iran Customs Administration (IRICA), was appointed as the acting head of IRICA, IRNA reported on Monday.

  • Belgium new European buyer of Iran’s petchem products

    Belgium new European buyer of Iran’s petchem products

    TEHRAN- Iran started exports of its petchem products to Belgium since the beginning of the present Iranian calendar year (started on March 21, 2017), NIPA news agency reported on Monday.

  • 18% rise in banking facilities for economic sectors

    18% rise in banking facilities for economic sectors

    TEHRAN- According to the latest report released by the Central Bank of Iran (CBI), the granted banking facilities to domestic economic sectors witness 18.4 percent growth during the first four month of the present Iranian calendar year (March 21-July 22, 2017) IRNA reported on Sunday.

  • OPEC sec. gen. welcomes Zanganeh’s second term in office

    OPEC sec. gen. welcomes Zanganeh’s second term in office

    TEHRAN – Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mahammad Sanusi Barkindo send a letter to Bijan Namdar Zanganeh, welcoming his second term in office in President Hassan Rouhani's cabinet.