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Iran’s saffron exports increased 33 percent during the first five months of the current Iranian calendar year compared to the same period of time past year The IRICA data show that the country exported $123.73 million of saffron in the five-month period of this year, while the figure was $92.904 million in the same time span the previous year. Spain, United Arab Emirates, Italy, U.S., India, France, Canada, Britain, Hong […]

A deal signed between Iran and China for cooperation in manufacturing high-tech reverse osmosis water desalination equipment and machinery and for transferring technical knowledge into Iran As reported by Shata, based on the deal the Chinese side will provide the machinery and technical knowledge for manufacturing desalination filters to an IDRO representative company which is going to launch the factory within 18 months. Once this factory is established, about 50,000

The International Feed Industry Federation (IFIF) and Food and Food and Agriculture Organization of the United Nations studied investment opportunities in Iran The FAO and IFIF in their annual meeting held in Rome on November 8-9 lauded the capacities of Iran feed industry and expressed to investment in this field in Iran according to feed industry association chairman of Iran the official noted Iran ranks 18th among the feed producing countries

China has received the first of its October Iranian crude oil orders on Monday October 8th . A vessel carrying two million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday According to the sources, the very large crude carrier Dune, operated by National Iranian Tanker Co, offloaded oil into a bonded storage site at the Xingang section

Governor of the Central Bank of Iran (CBI) announced on October 27th, that a new financial channel is soon to be opened between Iran and the EU nations The official announced on social media that European special purpose vehicle for trade between Iran and the EU were discussed at a meeting in Brussels last week which is in fact some sort of bilateral monetary treaty between the two sides pursuing to help Iranian

A Chinese bank is to support banking transactions between Iranian and Chinese businessmen as of December 2, the Iranian head of Iran-China Joint Chamber of Commerce announced. Iranian head of Iran-China Joint Chamber of Commerce,quoted on Wednesday, regarding that Iran’s exports of oil to China will be commenced in few days and China will pay for the oil cargo almost in a a month. China is to introduce second bank

The marine line connecting Jask Port, in the southern Hormozgan province, to Suwayq Port, northern Oman, has become operational, a senior official at the Ministry of Industries, Mining and Trade said. Hhead of Hormozgan Industries, Mining and Trade Organization, said on Dec.12,2018 that the marine line connecting the two Persian Gulf littoral ports is now operational and is envisaged to help increase the economic interactions between the two countries.He Attached a

Advisor to the head of Iran Securities and Exchange Organization (SEO) announced the details of the establishment of the international bourse in the country’s free zones Iran’s Free Zones High Council submitted the draft bill on establishment of international bourse in the country’s free zones to the economic committee of the parliament on January 7th. The parliament will send the draft to the cabinet afterwards. This draft was prepared through

Press Release  by International Court of Justice PRESS RELEASE:  ICJ, the principle judicial organ of the United Nations, will deliver its Judgment on the preliminary objections raised by the United States of America in the case of Certain Iranian Assets. A public sitting will take place at 3 p.m. on Wednesdaty 13 February at the peace palace in the Hague, during which Judge Abdulqawi Ahmed Yusef, president of the court 

Transaction channel to fasilate trade with iran German media reports that Germany, France and the UK have set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. The question is, how will Washington react? Several European countries have  registered a transaction channel with Iran in order to facilitate trade despite US sanctions, German public broadcaster NDR reported on Thursday 31 January