Chabahar Key to Trade Ties Between Kabul, New Delhi

Chabahar Port can play a vital role in the expansion of Kabul-New Delhi trade and transit ties, but the new sanctions by the United States on Iran, which will affect the port’s transactions, are a political issue, the CEO of Afghan-American Chamber o…

Chabahar Port can play a vital role in the expansion of Kabul-New Delhi trade and transit ties, but the new sanctions by the United States on Iran, which will affect the port's transactions, are a political issue, the CEO of Afghan-American Chamber of Commerce said. In an interview with...

Iran Boosts Marine Tourism to Attract More Foreign Travelers

As unilateral US sanctions against Iran snap back, pressuring the country’s limited foreign currency reserves, the Islamic Republic is increasingly paying attention to marine travel as a major way of boosting its underdeveloped tourism sector.

Iran…

As unilateral US sanctions against Iran snap back, pressuring the country's limited foreign currency reserves, the Islamic Republic is increasingly paying attention to marine travel as a major way of boosting its underdeveloped tourism sector. Iran has had several plans in the works in recent...

Iran Home Video Sales Down 50%

Home video sales of Soureh Pictures–a major producer and distributor of Iranian feature and short films in Iran–are down 50%, thanks to a rise in the prices of DVDs, the head of the company said. 

The depreciation of Iranian rial against the US dol…

Home video sales of Soureh Pictures–a major producer and distributor of Iranian feature and short films in Iran–are down 50%, thanks to a rise in the prices of DVDs, the head of the company said.  The depreciation of Iranian rial against the US dollar and the rising costs of raw materials,...

Road Accidents Blamed on Dwindling Budget

One of the reasons behind road accidents in Iran is the declining budget of the Islamic Republic of Iran Road Maintenance and Transportation Organization–the executive arm of the Ministry of Roads and Urban Development, the spokesperson of Majlis Dev…

One of the reasons behind road accidents in Iran is the declining budget of the Islamic Republic of Iran Road Maintenance and Transportation Organization–the executive arm of the Ministry of Roads and Urban Development, the spokesperson of Majlis Development Commission, Sodeif Badri, said. The...

French Agro Team to Visit Iran This Week

A French delegation from Association Nationale des Industries Alimentaires (French for the National Association of Food Industries) and Union Française des Semenciers (French Union of Seeds) is scheduled to visit Iran this week, the deputy agricultur…

A French delegation from Association Nationale des Industries Alimentaires (French for the National Association of Food Industries) and Union Française des Semenciers (French Union of Seeds) is scheduled to visit Iran this week, the deputy agriculture minister for agronomy affairs said. Abbas...

Isfahan Stadium Gets WiFi, Fiber Optic Connection

Naghsh-e Jahan Stadium in Isfahan has been connected to the local fiber-optic network and equipped with several WiFi access points as the sports complex seeks to facilitate visitors’ access to communication services.

The new facilities, provided jo…

Naghsh-e Jahan Stadium in Isfahan has been connected to the local fiber-optic network and equipped with several WiFi access points as the sports complex seeks to facilitate visitors’ access to communication services. The new facilities, provided jointly by ICT Ministry and Telecommunication...

Special Purpose Vehicle for Iran-EU Trade Before November

Federica Mogherini, the European Union’s foreign policy chief, said a so-called “Special Purpose Vehicle” under consideration to facilitate trade with Iran could be in place “before November”.

The SPV aims to keep trade flowing even if possible Uni…

Federica Mogherini, the European Union’s foreign policy chief, said a so-called "Special Purpose Vehicle" under consideration to facilitate trade with Iran could be in place “before November”. The SPV aims to keep trade flowing even if possible United States sanctions hit Tehran.  Asked at an...

Barkindo Reiterates Need for OPEC, Non-OPEC Cooperation

OPEC Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries, warning that failure to do so could lead to one crisis after another.

“It is important that OPEC and non-OPEC countries cooperate so that we do not…

OPEC Secretary-General Mohammad Barkindo called for cooperation between OPEC and non-OPEC countries, warning that failure to do so could lead to one crisis after another. “It is important that OPEC and non-OPEC countries cooperate so that we do not fall from one crisis to another,” Barkindo...

Iran's SAIPA Delivers 26,000 Cars in 1 Month

Iran’s second largest carmaker SAIPA delivered 26,000 presold cars during the month ending Sept. 22.

In a statement on its website, the company assured customers that the delivery of cars it has presold would continue despite problems the beleaguer…

Iran's second largest carmaker SAIPA delivered 26,000 presold cars during the month ending Sept. 22. In a statement on its website, the company assured customers that the delivery of cars it has presold would continue despite problems the beleaguered industry is facing.      SAIPA says since...

Iran Capex Disbursements Increase by 450%

The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more compared with the same period of last year, Iran’s Plan and Bud…

The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more compared with the same period of last year, Iran's Plan and Budget Organization said. The allocated Capex...