• Oil moves higher on Brexit deal

    Oil prices moved higher on Thursday as news that Britain and the European Union had signed a post-Brexit trade deal, as well as a draw in U.S. inventory, sparked optimism.

  • Iran's Non-Oil Foreign Trade Hit $52b

    Exports reached 85.2 million tons worth $25.1 billion and imports were at 25 million tons worth $26.8 billion during March 20-Dec. 20

  • 3 Petrochem Plants Open

    Sweetened feedstock will be transferred to the olefin unit to annually produce 458,000 tons of ethylene, 124,000 tons of propylene, 132,000 tons of pyrolysis gasoline and 33,000 tons of liquid fuel

  • Gold Price Reach $1911

    Based on the optimism that the House and Senate had reached an agreement in regards to the revised bipartisan fiscal stimulus bill on Sunday, gold futures traded to an intraday high of $1912 overseas last night in London.

  • VAT Rules to Be Eased for Exporters

    The government plans to scrap rules that tie refunding exporters’ value added tax to repatriation of their export earnings, head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said. 

  • Iran Losing Iraqi Power Market to Rivals

    The potential and investment opportunities in Iraq’s power sector notwithstanding, no meaningful measures have been taken to expand Iran’s footprint in the untapped market, deputy head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture's Exports Commission said.

  • Iran Trade With ECO Exceeds $5.7b

    The spokesman of Iran's Customs Office said on Thursday that Iranian trade with members of Economic Cooperation Organization has surpassed 5.7 billion dollars in the past eight months of the current Iranian year (starting on March 20).

  • Iran Wants to Use its Assets with Turkish Banks to Buy Goods

    Iran has called on Turkey to find a way for Iran to tap into its assets with Turkish banks to purchase the commodities it needs directly from other countries through Turkish banks.

  • Investment in Power Industry Is Incompatible With Future Need

    Power generation cost, including production and transmission, is close to five cents per kilowatt-hour, but subscribers are charged 1.4 cents per kWh because electricity is heavily subsidized

  • Vacancy Tax Becomes Law

    Empty homes in cities with a population of over 100,000 will be taxed after four months based on their assessed monthly rental income tax

  • Growth in IME Monthly Trade

    More than 2 million tons of goods worth 243 trillion rials ($972 million) were traded at the Iran Mercantile Exchange in the month to Dec.13.

  • Petrochem Output Reaches 76m Tons

    Launch of six petrochemical projects since the beginning of the current Persian fiscal year (March) has increased annual production capacity by 10 million tons -- from 66 million tons last year to 76 million tons -- and other programs will add another 35%.

  • NIOC Could Double Oil Output if US Siege Is Lifted: Zanganeh

    The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday.

  • Iran Gov’t Will Sell Stakes in Banks

    EghtesadOnline: The government will launch one of its biggest schemes to divest banks’ non-financial assets in the coming week, a deputy minister of economy said.

  • Iran, Eurasia PTA to Enhance Regional Peace

    The preferential trade agreement (PTA), signed between Iran and Eurasia Economic Union (EEU), will benefit regional peace.

  • NIOC, Local Firm Close Contract on Yaran Oilfield Development

    (NIOC) has signed a contract with Persia Oil and Gas Industry Development Company (POGIDC) for the development of Yaran joint oilfield, near the Iraqi border.

  • 6.6 Million Tons of Essential Goods Unloaded Since March 20

    Atotal of 6.6 million tons of essential goods have been unloaded at Iranian ports of entry since March 20 (the beginning of the current Iranian year), of which Imam Khomeini Port in the southern Khuzestan Province accounts for 4.1 million tons, says Ravanbakhsh Behzadian, a senior official with the Ports and Maritime Organization of Iran.

  • Iran Receives Money for Gasoline Sold to Venezuela: Official

    TEHRAN (Tasnim) – A member of Iran’s Expediency Council said the country has received money from Venezuela for selling gasoline with five oil tankers.

  • Iran's Trade With EU Surpasses €1.4 Billion in 4 Months

    Iran exported €245.5 million worth of commodities to the EU in the first four months of 2020, indicating a 4.73% rise, and imported €1.22 billion in return to register a 3.82% year-on-year decline

  • Importing goods via CFZ to cost less

    The Director-General of Sistan and Baluchestan Ports and Maritime Department General Behrouz Aghaei on Tuesday said that cost of importing goods into Chabahar Free Zone [CFZ] will be decreased.

  • Rouhani Highlights Efforts to Keep Market Balance amid Pandemic

    Iranian President Hassan Rouhani said his administration has been doing its utmost to mitigate the economic repercussions of the coronavirus pandemic.

  • Oil Prices Gain With OPEC+ Holding the Line on Supply Cuts

    EghtesadOnline: Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well.

  • Turkmenistan Allows Iranian Trucks to Enter Border

    EghtesadOnline: After being held up behind Sarakhs border crossing for two and a half months, 30 wagons carrying Iranian goods were let into the neighboring Turkmenistan on Thursday, according to the spokesman of the Islamic Republic of Iran Customs Administration.

  • COVID – 19 and Its Impact on Contract Performance: Iranian Law Perspective

    The spread of coronavirus has already begun to exert pressure on businesses’ and traders’ abilities to supply goods and services. The outbreak of the virus will unquestionably impact businesses' abilities to live up to their prior commitments.

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