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Docking activity increase at Iran’s Shahid Bahonar Port
During the first five months of the current Iranian calendar year (starting on March 21), Shahid Bahonar Port in southern Iran has seen a significant increase in docking activity.
A total of 132 vessels, each with a capacity of over…
$27.6 Billion of Mining Projects to Go on Stream by 2029: Iranian Official
More than $27.641 billion worth of mining and mineral projects are planned to be put into operation by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiary units from 2023 to 2029, an…
Iran’s Trade Center Starts Working in Jeddah Port City: TPOI
Putting the current number of Irans active trade centers at 46, the chairman of the Trade Attachés and Trade Centers Department at the Trade Promotion Organization of Iran (TPOI) said that a license has been issued for establishing a trade…
Iran economy grew by 6.2% in first quarter: CBI
Figures released by the CBI on Wednesday showed that the gross domestic product (GDP), the broadest measure of economic activity, reached 3,802.1 trillion rials or about $90 billion in the first quarter, up 6.2% compared to the same period…
Iran Not to Give Up Its Share of Arash Gas Field: Oil Minister
The Iranian oil minister said the Islamic Republic will not give up its share of the Arash Gas Field, known as Al-Dorra in Kuwait and Saudi Arabia, in the Persian Gulf.
The gas field is located in a neutral maritime zone between Iran,…
Iran Attends 26th Indian Ocean MoU Meeting
Director General of Iran's Ports and Maritime Organization (PMO) for Maritime Affairs Mehdi Farahani attended the 26th annual meeting of the Indian Ocean Memorandum of Understanding (IOMOU) on port state control in Mahe, Seychelles.
The…
Another $10 of Iran’s Blocked Assets to Be Released Soon: Official
The chairman of the Iran-China Joint Chamber of Commerce said that another $10 billion of Iran’s frozen assets will be released in the near future.
Of the total $23 billion worth of Iranian assets overseas, about $6 billion has been…
Secretary-General of Iran’s Shipping Association, Discusses Chabahar Port Development and…
Masoud Polmeh, the Secretary-General of the Shipping and Related Services Association of Iran, emphasized the government's commitment to addressing issues with the Iran-India agreement at Chabahar Port.
He highlighted Chabahar's strategic…
Dollar Being ‘Illegally’ Weaponized by West: Top Russian Banker
The dollar and the entire Western financial system built around it has been jeopardized by the sanctions on Russia, the CEO of Russia’s second largest bank, VTB, said, adding that the dollar is illegally used by the Western countries as a…
Iraq Destination of 18% of Iran’s Exports in 5 Months
Iran exported more than $3.5 billion worth of non-oil products to neighboring Iraq in the first five months of the current Iranian calendar year (March 21 to August 22), meaning that the Arab country accounted for 18.3 percent of Iran’s…