Thursday, February 29, 2024


Iran, Russia sign automotive deals worth €700mn

Iranian and Russian car manufacturing companies have signed 12 cooperation deals worth 700 million euros on the sidelines of an international automobile exhibition in the Russian capital Moscow.

Minister: Iran, Russia set to expand ties in industrial sector

Tehran and Moscow are ready to further develop their cooperation in shipbuilding, aviation and automobile industries, according to the Iranian minister of industry, mines and trade.

Official: Iran will start biggest exhibition presence in Moscow Monday

A spokesman for Iran’s Ministry of Industry, Mining and Commerce says the country’s biggest exhibition presence will kick off on Monday in Moscow.

Iran car industry eyes bigger share from Russian market

The Western sanctions on Russia over the conflict in Ukraine has provided a new opportunity for Iran’s automobile and auto parts industry to gain a firm foothold in its northern neighbor’s markets, an Iranian official says.

Hackers attack Iran’s Khouzestan Steel Company

Key Iranian steel producer Khouzestan Steel Company has been targeted with a cyber attack, reports say.

Iran unveils new homegrown transport plane

Iran has unveiled a new domestically-built transport plane dubbed Simorgh in the presence of Defense Minister General Mohammad Reza Ashtiani.

Iranian major tire production factory goes bankrupt

A major car tire production factory on a suburb of the Iranian capital Tehran has gone bankrupt. Kian Tire which is in Chahar Dangeh town near Tehran was launched before the Islamic Revolution of 1979.

Iran plans a $200bn investment in oil industry

Iran’s Oil Minister Javad Oji says the country needs a $200bn investment in the upstream and downstream and petrochemical industries, the bulk of which has been raised under 50 contracts.

Giant Iranian automaker unveils first electric bus

Iranian automaker Iran Khodro Company (IKCO) has unveiled its first electric bus, the most powerful vehicle of its type to have been developed domestically.

Iran’s active participation in Baghdad exhibition of military industries

Iran is participating in International Exhibition of Security, Defense and War Industries in Baghdad along with 13 other countries and more than 60 companies.

Iran Auto making: A green but controversial tax

The Iranian government plans to levy taxes on cars according to their energy category has caused a controversy and drawn reactions from experts.

Iran opens first extra heavy crude oil refinery on key Qeshm Island

Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.

Appointment of Iran petrochemical giant’s chief triggers criticism

Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.

Iran petrochemical exports expected to rise to $14bn by year end

Iran’s petrochemical exports are expected to hit nearly $14bnm by the end of the current calendar year on March 22, says an Iranian official.

Iran displays products of knowledge-based firms

Iran has put on display selected products of knowledge-based companies in different fields including oil, gas, petrochemical, and mining industries as well as advanced technologies.

Iranian company selected as top exporter of year

The National Export Day of the solar year 1400 marked a good event for Iran’s technology and innovation ecosystem, and it was the selection of a knowledge-based company as the top exporter of the year.

Iranian, Turkmen presidents talk bilateral ties

The presidents of Iran and Turkmenistan have underlined the need to strengthen border cooperation and facilitate exchange of goods. Seyyed Ebrahim Raisi and Gurbanguly Berdimuhamedow also stressed the necessity of increasing trade cooperation in order to boost bilateral relations.

Iran carpet business no longer a main export earner, annual sales drop to $72mn

Iran has lost hundreds of millions in annual revenues from exports of hand-woven carpets as a major businessman blame the huge loss on current exchange regulations and US sanctions.

Iran’s negotiating team in Vienna comprised of seasoned experts

The Iranian negotiating team led by Ali Bagheri Kani is in Vienna where talks are scheduled to be held on November 29, 2021 with the remaining signatories to the 2015 Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).

Official: Iranian exports reduce fuel prices in Afghanistan

An Afghan official says a rise in fuel imports from Iran has reduced prices in Afghanistan.

Iran exports to Afghanistan hits $1bn

Afghanistan’s Chamber of Commerce says the country’s imports from Iran have reached one billion dollars over the last 8 months.

Data: Iran’s monthly oil export revenues at $1.3bn

Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.

Iran, Uzbekistan to forge closer trade, technological ties

Iran and Uzbekistan are to hold their second meeting on trade and technology in a bid to boost mutual interactions in those areas. Vice President for Science and Technology Sorena Sattari is to travel to Uzbekistan on November 22 heading a trade-technology delegation in a bid to lay the groundwork for closer technological cooperation between the two sides.

Iran: Fuel distribution returns to normal

  The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.

Iran, Turkmenistan agree to boost bilateral trade to highest level

The Islamic Republic of Iran and neighboring Turkmenistan have agreed to increase the volume of their bilateral trade as much as possible.

Latest news