Entries by Admin

Iran, Azerbaijan ink economic co-op MOU

TEHRAN- The 14th meeting of Iran-Azerbaijan Joint Economic Committee was held on Monday at the place of the Iranian Ministry of Finance and Economic Affairs in Tehran, IRIB reported. The two sides inked a memorandum of understanding (MOU) for the expansion of economic cooperation at the end of the meeting. The MOU was signed by […]

Tehran, Baku ink MOU for expanding railway cooperation

TEHRAN – Iran and Azerbaijan signed a memorandum of understanding (MOU) on Monday for the expansion of railway cooperation, IRIB reported. The MOU was signed by the Head of the Islamic Republic of Iran Railways (RAI) Saeed Rasouli and the Chairman of Azerbaijan Railways Closed Joint-Stock Company Javid Gurbanov. Based on this MOU, the two […]

Iran’s exports to Iraq rise seven percent

Tehran, Jan 11, IRNA – Director-General of Iran’s Trade Promotion Organization (TPO) for the Arab and African Countries Farzad Piltan said on Monday that Iranian exports to Iraq over the past nine months from March to December stood at $5.9 billion. According to Iran’s Trade Promotion Organization (TPO), Piltan said on Monday that 23.6 percent of the […]

Veep: Neighboring countries Iran’s most important export targets

Tehran, Jan 11, IRNA – Iran’s First Vice-President Eshaq Jahangiri said that the government will not hesitate to provide all-out support to improve trade conditions, especially exports. Addressing the 24th ceremony of celebrating the top exporters on Monday, Jahangiri said that the government and the private sector must work together to pass through the difficult conditions […]

Iran to invest $1.2B in bid to double oil production

(Bloomberg) –Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. The signings were initially meant to take place on Monday in Tehran in the presence of Oil Minister Bijan Namdar Zanganeh, but have been delayed, NIOC said in a statement. The company didn’t […]

Tehran Hosts Int’l Insurance Top Executives

French reinsurance company, had a promising news of a new era of international French reinsurance company, had a promising news of a new era of international interactions in Iranian insurance market. Over the last month, top executives of insurance and reinsurance companies in addition to broking companies and relevant international entities visited Tehran for the […]

Great economic potential for investment in Iran

Afkhami: there is a significant economic potential for foreign investors in Iran Ali-Ashraf Afkhami, The chairman of the board of directors as well as the governor of Bank of Industry and Mine Afkhami, Managing Director of Bank of Industry and Mine, says there is a significant economic potential for foreign investors in Iran that can […]

Eni Signs MOU with China

Eni (NYSE:E) revealed Tuesday that it has signed a memorandum of understanding (MOU) with the People’s Republic of China on energy cooperation. The MOU, which was signed by Eni Chief Executive Officer Claudio Descalzi and Director General of the International Cooperation Center of the National Development and Reform Commission Huang Yong, establishes a cooperation framework […]

Exxon’s latest multi-billion writedown signals another quarterly loss

By Joe Carroll and Kevin Crowley on 12/31/2020 (Bloomberg) –Exxon Mobil Corp., which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss. Exxon confirmed in a filing Wednesday it will take a writedown of as much as $20 billion on its upstream assets, a possibility first disclosed […]

ICCIMA to hold online meeting for exploring trade opportunities with Oman

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) plans to hold an online meeting on January 11, 2021 to explore opportunities and capacities of trade with Oman, ICCIMA portal announced. The meeting will be attended by the head of the Iran-Oman Joint Chamber of Commerce, representatives of provincial chambers of commerce, and […]