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Splitting of ministries; another trial and error?

With President Hassan Rouhani’s first tenure coming to an end, the administration has taken a decision for splitting three ministries in a bid to make them smaller and swifter.

Iran’s annual GDP growth at 12.5%: CBI

Iran's growth of gross domestic product (GDP), including oil sector, hit 12.5 percent in the previous Iranian calendar year 1395 (ended on March 20, 2017), the Central Bank of Iran (CBI) reported.

Eni, NIOC to ink oil, gas MOUs

Representatives of the Italian oil major Eni will arrive in Tehran on Tuesday to ink two memorandums of understanding (MOUs) with the National Iranian Oil Company (NIOC).

Wheat production in Iran to hit 13.5m tons this year: FAO

According to the latest report of UN Food and Agriculture Organization (FAO) Iran will produce 13.5 million tons of wheat in 2017.

Iran, Germany set to expand trade in horticulture

Iran and Germany are going to accelerate their trade cooperation in horticultural products and hybrid seeds, Iranian Agriculture Ministry’s official portal reported.

28 semi-governmental companies to be privatized

The Ministry of Finance and Economic Affairs has listed 28 semi-governmental companies that will be privatized by the current Iranian yearend (March 20, 2018).

Tehran seeks better banking ties with Seoul, New Delhi

Iranian Finance Minister Ali Tayyebnia met his South Korean and Indian counterparts in Seoul on Friday, discussing ways to improve banking cooperation between Iran and the two trade partners.

Rail development on track despite inefficiencies

The development of railway sector is one of the macro policies of the Iranian government as it has been emphasized by the general policies of the Sixth Five-Year National Development Plan (2016-2021).

Iran ships first consignment of wheat to Oman

Iran loaded the first 30,000-ton-consignment of wheat in ship to be exported to Oman, IRNA reported on Monday. According to a high ranking official in Islamic Republic of Iran Shipping Line (IRISL), Ali Akbar Ghanji, the loaded ship left Iran’s sout

Stock exchange deals value grow 141% in 5 years

The value of deals in Iranian stock exchange market rose 141 percent during the past five Iranian calendar years 1391-1395 (March 20, 2012- March 20, 2017), IRIB news reported on Monday.

Iran oil output rises in May: OPEC

Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Petroleum Exporting Countries (OPEC) announced in its monthly report released on Tuesday.

Iranian trade delegation to embark for Croatia in early-July

Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to dispatch a trade delegation headed by ICCIMA Chairman Gholam-Hossein Shafeie to Croatia from July 4 to 7, 2017, the official website of ICCIMA announced.

Tehran to host intl. kitchen, ceramic exhibits

Iranian capital will host the 15th Kitchen, Bath, Sauna and Pool Industries and Equipment International Exhibition and the 24th International Exhibition of Ceramic Industries at Tehran’s International Permanent Fairgrounds from June 30 to July 3, 201

Iran’s Aseman concludes purchase of 60 Boeing aircrafts

Iran’s Aseman Airlines sealed a deal in Tehran on Saturday with the American manufacturer Boeing on purchasing 60 aircrafts.

Tehran, Vienna seek deeper economic ties

Iranian Finance Minister Ali Tayyebnia and Industry Minister Mohammadreza Nematzadeh in separate meetings with Austria’s Federal Minister of Finance Hans Jörg Schelling on Saturday and Sunday sought avenues for increasing economic and banking ties b

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