'Iran sanctions proven ineffective'
Tue, 03 May 2011 10:16:19 GMT
Iranian Minister of Mines and Industries Ali Akbar Mehrabian has played down sanctions against the Islamic Republic, saying anti-Iran sanctions have no place in any country in the world.

'Iran, China to increase joint investment'
Sun, 01 May 2011 19:47:39 GMT
The chairman of the Iran-China Joint Chamber of Commerce says the two countries are to increase investment by up to 100 percent annually.

'Iran's trade grows despite sanctions'
Sun, 01 May 2011 19:37:42 GMT
Director of Iran's Trade Promotion Organization Hamid Safdel said the country's $14 billion annual trade growth showed ineffectiveness of sanctions against Tehran.

Iran official denies Russia Tupolev claim
Sun, 01 May 2011 09:48:02 GMT
An Iranian aviation official has denied claims by a Russian corporation that Iranian carriers have requested to purchase Tupolev's new Tu-204SM twin-jet passenger aircraft.

'Iran cargo transit revenue to hit $12 bn'
Sat, 30 Apr 2011 16:04:47 GMT
Iranian First Vice President Mohammad-Reza Rahimi says the Islamic Republic's annual revenue from the transit of goods will increase to $12 billion in the near future.

Iran inflation rate rises to 14%
Sat, 30 Apr 2011 14:24:58 GMT
Iran's inflation rate has climbed to about 14 percent in the Persian calendar month ending April 20, the Central Bank of Iran Governor Mahmoud Bahmani says.

Iran Parliament amends budget bill
Sat, 30 Apr 2011 13:41:29 GMT
Iranian lawmakers have amended part of the budget bill for the current Iranian calendar year which does not allow the government to raise prices by more than 20 percent.

'Iran, Kenya to set up joint bank'
Sat, 30 Apr 2011 08:50:26 GMT
An Iranian official has announced an arrangement between the Islamic Republic of Iran and Kenya for the establishment of a joint bank, a report says.

'Iran forex reserve over $100bn'
Sat, 30 Apr 2011 01:51:59 GMT
An official with the Central Bank of Iran (CBI) has stated that the country has at least 100 billion dollars in foreign exchange reserves.

'Turkey snubs US ban on Iran Bank'
Fri, 29 Apr 2011 10:48:44 GMT
Ankara has rebuffed Washington's call to restrict transactions of Iran's Bank Mellat in Turkey, rejecting the unilateral US-EU sanctions against the bank, a report says.

Iran hails Turkey as 4th trade partner
Thu, 28 Apr 2011 01:04:56 GMT
Iran has hailed its expanding economic relations with Turkey, stressing the Islamic Republic's willingness to boost ties with the neighboring Muslim nation.

Iran to connect Armenia to intl. waters
Wed, 27 Apr 2011 20:07:52 GMT
A senior Iranian official says the country's firms will form a consortium to connect Armenia's rail network to international waters via Iran.

Iran's car production up by 13 percent
Wed, 27 Apr 2011 18:44:59 GMT
Iran's Ministry of Industries and Mines says the country's car production increased by 13 percent in the previous Iranian calendar year (ending March 20).

Iran urges quick action on Turkey pacts
Wed, 27 Apr 2011 18:42:06 GMT
Iran's First Vice President Mohammad-Reza Rahimi reiterates the need to accelerate the implementation of Iran-Turkey bilateral agreements.

Iran to receive Tupolev Tu-204SM planes
Wed, 27 Apr 2011 09:32:40 GMT
A senior Russian aviation official says Iranian carriers are taking interest in Tupolev's new Tu-204SM twin-jet passenger aircraft and are among the potential customers of the plane.

Iran MPs approve draft of national budget
Wed, 27 Apr 2011 04:14:20 GMT
The Iranian Parliament (Majlis) has approved the draft of the national budget bill for the current Iranian calendar year, which started on March 21.

'Ashgabat deal promotes economic ties'
Tue, 26 Apr 2011 06:44:54 GMT
Iranian Foreign Minister Ali Akbar Salehi says the Ashgabat five-party agreement, which establishes a Central Asia-Persian Gulf transit corridor, promotes economic cooperation between regional countries.

'IMF forecast on Iran economy wrong'
Mon, 25 Apr 2011 18:22:15 GMT
Iranian Minister of Economic Affairs and Finance says the International Monetary Fund (IMF)'s latest forecast on Iran's economic growth is “illogical and surreal.”

Iran makes all-composite ultralight plane
Mon, 25 Apr 2011 13:40:16 GMT
Iranian aviation researchers have designed and built an all-composite ultralight aircraft to meet the country's training, border control, surveillance and recreational needs.

Iran 'safe' route for transit of goods
Mon, 25 Apr 2011 10:26:18 GMT
Iran's Foreign Minister says some 10 million tons of commodities were transported through the country during the last Iranian year ending March 20, 2011.

Salehi in Turkmenistan for railway talks
Sun, 24 Apr 2011 22:32:24 GMT
Iranian Foreign Minister Ali Akbar Salehi says the Islamic Republic is cooperating with Turkmenistan and Kazakhstan to build a railroad linking the three countries.

'Iran to open trade center in Brazil'
Sun, 24 Apr 2011 04:31:11 GMT
The Iran-Brazil Friendship Association has announced that the Islamic Republic plans to open a trade center in the Brazilian capital Brasilia.

Iran Majlis to discuss budget bill
Sat, 23 Apr 2011 13:26:18 GMT
The Iranian Parliament is to officially begin discussing the government's 5,390-trillion-rial (513-billion-dollar) budget bill for the 2011-2012 fiscal year.

'Anti-Iran sanctions not restrictive'
Fri, 22 Apr 2011 13:29:34 GMT
Iran's Minister of Cooperatives Mohammad Abbasi says that the US-backed UN sanctions against Iran have never been able to restrict the country.

Iran, China plan joint energy CMTE
Fri, 22 Apr 2011 09:49:44 GMT
Iran and China have agreed to form a “joint oil and gas committee” to accelerate the execution of energy projects between the two countries, says the Iranian minister of economic affairs and finance.

'Iran subsidy plan to unfold rewards'
Fri, 22 Apr 2011 05:01:33 GMT
Iranian President Mahmoud Ahmadinejad says the positive impact of his administration's subsidy reform plan will transform the country's economy in the near future.

Iran's exports to Afghanistan hit $1.2bn
Fri, 22 Apr 2011 02:06:10 GMT
The head of a provincial commerce department in Iran says the Islamic Republic's share in Afghanistan's $6 billion of annual import has reached $1.2 billion.

Sino-Iran economic forum held in China
Thu, 21 Apr 2011 22:30:33 GMT
The 14th session of Iran-China Joint Economic Commission has been held in Beijing as officials from the two countries discussed ways to boost bilateral ties on multiple fronts.

Iran obtains DME clean fuel technology
Tue, 19 Apr 2011 15:51:23 GMT
Iranian petrochemistry researchers have obtained the technology of producing dimethyl ether (DME) clean fuel, making Iran the world's second country to gain the know-how.

'Iran forex reserves $100bn last year'
Mon, 18 Apr 2011 03:43:05 GMT
Iran's foreign exchange reserves stood at USD 100 billion in the past Iranian calendar year (ended March 20), says Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini.

IMF chief hails Iran's economic reform
Sun, 17 Apr 2011 09:24:23 GMT
Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn has reportedly hailed Iran's economic reform plan aimed at overhauling the country's economy by shelving energy and food subsidies.

Iran, Turkey to set up industrial town
Sun, 17 Apr 2011 06:01:03 GMT
Iran and Turkey are pursuing a plan to set up a joint industrial town at their borders to further boost widening economic ties, Ankara's Ambassador to Tehran Umit Yardim says.

Iran Khodro unveils luxury car Dena
Sun, 17 Apr 2011 04:12:55 GMT
Iran's leading automaker, Iran Khodro, has unveiled its fourth domestically-built car — dubbed Dena — which will hit the markets in April 2012.

FMs to open Iran-Turkey border crossing
Thu, 14 Apr 2011 02:24:28 GMT
The foreign ministers of Iran, Turkey and Azerbaijan will attend the opening ceremony of a border crossing between the Iranian West Azarbaijan province and Turkey's Van province.

'Iran-Turkey trade volume tops $11bn'
Wed, 13 Apr 2011 20:59:03 GMT
The value of trade between Iran and Turkey has surpassed 11 billion dollars in the past year, says the Turkish ambassador to Tehran.

Ahmadinejad's anti-graft move hailed
Tue, 12 Apr 2011 02:26:15 GMT
The Iranian Judiciary has hailed President Mahmoud Ahmadinejad's move to submit a list of 250 people suspected of economic corruption to the country's judiciary system.

IKCO to unveil new car next week
Tue, 12 Apr 2011 11:35:28 GMT
The largest carmaker in the Middle East, Iran Khodro (IKCO), has announced plans to unveil a new product built on a locally-designed platform.

Iran-Turkey trade hits $2.1bn in 2 m.
Sun, 10 Apr 2011 09:55:57 GMT
The trade volume between Iran and Turkey has reportedly increased by more than 70 percent, surpassing $2.144 billion in the first two months of 2011.

Iran exports $1.4bn nuts, dried fruits
Sun, 10 Apr 2011 05:06:43 GMT
The value of Iran's exports of nuts and dried fruits has increased by about 25 percent, reaching $1.455 billion in the previous Iranian calendar year (ended March 20).

Tehran Stock Exchange lists new record
Sat, 09 Apr 2011 08:24:49 GMT
Tehran Stock Exchange's (TSE) main index, TEPIX, has registered a new record over a boost from the stocks of metal and shipping industries.

Germany: EIH Bank free to do business
Thu, 07 Apr 2011 02:01:50 GMT
The German Foreign Ministry has stressed that the Hamburg-based European-Iranian Trade Bank AG (EIH Bank) will continue its activities in the country.

Iran, Belarus to strengthen trade ties
Mon, 04 Apr 2011 00:35:57 GMT
Director of Iran's Trade Promotion Organization Hamid Safdel says Iran and Belarus plan to set up a joint chamber of commerce to promote mutual trade ties.

Ahmadinejad calls for economic jihad
Sun, 03 Apr 2011 22:48:10 GMT
Iranian President Mahmoud Ahmadinejad has highlighted the importance of naming the current Iranian calendar year as "The Year of Economic Jihad."

'Economic Jihad leads Iran to prosperity'
Sat, 02 Apr 2011 11:37:59 GMT
The Iranian envoy to Malaysia says naming the year 1390 (2011-20112) as “The Year of Economic Jihad” by the Leader of the Islamic Revolution will stimulate Iran's economy.

Iran's currency to shed three zeros
Sat, 02 Apr 2011 08:17:47 GMT
The Iranian finance minister has announced a plan to remove three zeros from the national currency, Rial, in a move to optimize financial performance.

Iran to open 3rd phase of Kish oil bourse
Thu, 31 Mar 2011 23:25:42 GMT
Iran is set to inaugurate the third phase of oil bourse on Kish Island in the Persian Gulf for trade in crude and petrochemical products with vast opportunities for foreign companies.

'Iran to notch up highest growth in 2015'
Thu, 31 Mar 2011 22:06:33 GMT
A Goldman Sachs report on global economics indicates that Iran is forecast to reach the highest economic growth between 2015 and 2025 and join the world's largest economies.

Iran unveils natl. locomotive engine
Tue, 29 Mar 2011 15:58:25 GMT
Iran has unveiled a locomotive which runs on a domestically-made heavy diesel engine and will soon join the national railway fleet.

Iran offers help with Algeria projects
Tue, 29 Mar 2011 06:01:56 GMT
Iran has expressed readiness to enhance economic cooperation with Algeria and participate in the industrial and development projects of the North African state.

Iran urges closer cooperation at ECO
Sun, 27 Mar 2011 00:30:43 GMT
Iranian President Mahmoud Ahmadinejad has called for closer cooperation among the member states of the Economic Cooperation Organization (ECO).

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