July 17, 2019
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July 10, 2019

TEHRAN, Jul. 09 (MNA) – Deputy Head of Central Bank of Iran (CBI) Gholamreza Panahi said on Tuesday that as of the beginning of the present Iranian year (March 21, 2019) some five billion dollars of non-oil export revenues has been earned via CBI’s launched Integrated Forex Management System, locally known as NIMA.

“Five billion dollars has been earned during this almost four months via NIMA and by exports-for-imports method,”"...




Deadbeat Carmaker on Wrong Side of Insurers
July 16, 2019

I nsurance companies have stopped offering third party vehicle insurance to new vehicles produced by SAIPA, Iran's second-largest automaker, due to the carmaker’s pattern of failure to settle its mountain of debts.

Head of Iran Insurers Syndicate, Mohammad Alipour, said SAIPA’s debts to insurers climbed to 11 trillion rials ($86 million) in the past two years, IRNA reported.

The"...

Iran's Trade With Thailand Declines
July 16, 2019

I ran traded 133,390 tons of non-oil goods worth $58.18 million with Thailand during the first Iranian month (March 21-April 20), registering a 51.46% and 55.77% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Thailand was Iran's 15th biggest trading partner during the month.

Iran’s"...

TPO to dispatch trade delegation to Germany in mid-Oct
July 16, 2019

TEHRAN- Iran’s Trade Promotion Organization (TPO) plans to dispatch a trade and marketing delegation to Germany in mid-October, the portal of the organization announced.

The delegates active in the rubbers and plastics industry sectors are to visit the 21st International K-Plastics and Rubber Exhibition (K2019) which is due to be held in Düsseldorf, Germany during October 16-23, the portal of TPO published.

The"...

Iran to cooperate with Jordan in rail industry
July 16, 2019

TEHRAN – Islamic Republic of Iran Railways (known as RAI) is going to cooperate with Jordan Railway Corporation (JRC) for developing railway infrastructure in the country and providing technical-engineering services as well as manufacturing fleet wagons, Mehr news agency reported on Sunday.

According to the Head of RAI, Saeed Rasouli, the two sides discussed the matter on the sidelines of the 23rd meeting of International Union of Railways (UIC)"...

South Pars 14 offshore sector to come online in Sep.
July 16, 2019

TEHRAN, Jul. 16 (MNA) – The offshore section of Phase 14 of the giant offshore South Pars gas field is expected to come on stream later this year, according to the project manager Mohammad Mehdi Tavasolipour.

Currently, the two platforms of SP14 are producing 28 mcm/d of gas. The third platform of this phase was loaded out in Bandar Abbas recently and moved to its location at 14B.

Speaking"...