Monday, December 29, 2025

Business

Iran Opens Auto Spare Parts Innovation Centre

Iran has opened an auto spare parts industry innovation centre at a domestic knowledge-based company.

Iran’s Production of Household Items Rises Considerably despite Sanctions: Minister

Domestic production of household appliances in Iran has registered a considerable rise during the years the country has been under sanctions.

Iran’s Oil Exports Hit Record High amid Sanctions: Minister

Iran’s oil minister says the country’s oil exports reached a record high in the history of the nation’s oil industry during the time Iran was under sanctions.

Iran Allots $10 Billion to Support Local Producers

The Central Bank of Iran (CBI) has set aside $10 billion to support domestic production, according to a senior Iranian official.

Iran to Cease Burning Associated Petroleum Gas by 2023: Minister

Iran’s Minister of Petroleum Bijan Namdar Zangeneh has unveiled plans to stop the waste of flare gas and recycle nearly all associated petroleum gas in the country by March 2023.

Bidboland Gas Refinery Symbol of Iran’s Resistance to Economic War

The deputy chief of staff of the Iranian President's Office for communications and information affairs has lauded the inauguration of Bidboland megaproject, a major refinery collecting associated petroleum gas, as the symbol of the Islamic Republic’s struggle with sanctions and economic war.

Iran, Turkey Clinch Railway Cooperation Deals

Iran and Turkey have signed three joint documents on expansion of their railway cooperation.

$158m in Foreign Investment Went into Iran’s Free Zones in 9 Months

Iranian free trade zones absorbed some $158 million in foreign investment in the nine months to December 2020 depsite the US sanctions.

Iran’s President Inaugurates Major Natural Gas Refinery

The Iranian president has inaugurated a major natural gas refinery in the south of the country, which is one of the largest projects in the Middle East.

Baku Embraces Ira’s Offer to Form Working Group of Kura-Aras Basin States

The Azerbaijan Republic has welcomed Iran’s proposal to form a joint working group of Kura-Aras basin countries.

South Korea Seizing Iranian People’s Food, Drug Money: Zarif

In comments on Wednesday, Mohammad Javad Zarif once again criticized Seoul for seizing Iran’s assets "upon US orders". “’ We told South Korean officials that...

Iran, Azerbaijan Agree to Boost Railway Cooperation

Iran and the Azerbaijan Republic have agreed to connect the Baku-Astara highway to the one linking Ardabil and Rasht.

South Korea Should Pay Penalty for Freezing Iran’s Assets: Top Banker

Governor of the Central Bank of Iran Abdolnasser Hemmati says the South Korean banks that have blocked Iran’s funds should pay the damage suffered by Tehran during the past two years.

Tehran, Baku Reach Deal on Reconstruction of Liberated Azeri Towns

Iran's economy minister and the Azerbaijan Republic's first deputy prime minister have signed memoranda of understanding on mutual cooperation in various areas.

India Sends First Shipment of Cargo Handling Equipment to Chabahar

Iran’s southeastern port city of Chabahar has received the first shipment of strategic port terminal handling equipment from an Indian contractor involved in the development of the port.

INSTEX Failed Because Europeans Weren’t Brave Enough: Iran

The Central Bank of Iran (CBI) says the European financial mechanism known as the Instrument in Support of Trade Exchanges (INSTEX) has failed to fulfill its objectives.

Iran Inaugurates 60 Projects in Its Free Trade, Industrial Zones

Iranian President Hassan Rouhani has officially inaugurated 60 projects in the country’s free trade-industrial and special economic zones.

Iran, Pakistan Discuss Closer Trade Cooperation

Iran and Pakistan have agreed to forge closer trade relations and boost mutual cooperation with the conclusion of new agreements.

Tehran Furious at Seoul’s Offer of Selling Iran Ambulances in Return for Frozen Assets  

Tehran has been angered by Seoul’s offer to sell ambulances to Iran in exchange for billions of Iranian assets frozen in South Korea.

International Water, Electricity Exhibitions Kick Off in Tehran

Iranian Minister of Energy Reza Ardakanian has inaugurated the 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) in Tehran.

Iran, Iraq Resolved to Meet $20 Billion Trade Target: Energy Minister

Iranian Energy Minister Reza Ardakanian has highlighted Tehran and Baghdad’s determination to raise the value of annual trade exchanges to $20 billion, pointing to the major role that the private sectors and a joint investment fund could play in working towards that goal.

Iran‌ Says Won’t Remain Indifferent toward South Korea’s Seizure of Its Assets

Iranian Central Bank Governor Abdolnasser Hemmati has urged Seoul to adopt “independent” behaviour toward Iran’s financial resources in that country.

Iran to Produce Electric Engines for Vehicles

The Science and Technology Department of the Iranian President’s Office and the Tehran Municipality have signed a memorandum of understanding (MoU) on advanced transportation and designing a platform to electrify vehicles.

Iranian Company Develops Advanced Air Pollution Monitoring Devices

An Iranian knowledge-based company has manufactured advanced devices for flue gas analysis, emission and particulate matter measurement, and air purification.

Iran to Hold Annual Electricity, Water Exhibitions in Coming Days

The 20th edition of Iran International Water and Waste Water Exhibition (WATEX 2021) and the 16th Iran International Electricity Exhibition (IEE 2021) will be held in Tehran within the next few days.

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