SCO Observers Steal The Spotlight At Regional Summit
The Shanghai Cooperation Organization's (SCO) annual summit, held on June 16 in Yekaterinburg, Russia, was intended to focus on the global financial crisis and security issues. - 6/17/09
Iran's Economy Takes Center Stage In Increasingly Bitter Campaign
As campaigning in Iran's presidential election officially came to an end, its tone grew increasingly sharp. And the toughest language of all was reserved for what most Iranians see as the critical issue of the election: the country’s economic performance. -Charles Recknagel, RFE - 6/11/09
Iranian Inflation Falls Further Ahead Of Election
Iran's annual inflation rate fell to 15 percent in May, the Central Bank said, continuing a downward trend days before an election where reformists are challenging President Mahmud Ahmadinejad's economic record. -Reuters - 6/9/09
IDB to finance Turkmenistan-Kazakhstan-Iran railroad project
The 9000-kilometer railroad connects European and Asian transport network to create the shortest road from Europe to Persian Gulf ports. The project has been implemented since 2007. - 6/7/09
Iran Signs Major Gas Deal With China; Is Europe Next?
Iran has found its long-sought-after partner to help develop part of the world's largest natural-gas field, even as the possibility of linking it to a future pipeline to Europe seemed to rise. - 6/6/09
Iran's Non-Oil Exports To Iraq To Exceed 3 Billion Dollars
The value of Iran's non-oil exports to Iraq will exceed three billion dollars by the end of current Iranian calendar year (March 20, 2010), an Iranian diplomat said on Tuesday. - 6/2/09
Foreign investment conference to be held in Tehran
An international conference on foreign investment in Iran with the purpose of introducing country's opportunities and capacities will be held in Tehran on May 30, 2009. - 5/27/09
Iran, Pakistan Sign Gas Pipeline Deal
Iran and Pakistan signed a deal on Sunday for laying of a gas pipeline to transfer Iran's gas to Pakistan. The deal known as "Peace Pipeline" was signed on the sidelines of the current tripartite summit on Afghanistan security in Tehran. - 5/24/09
Iran ranks 32nd in world in terms of number of websites
Iran ranks 32nd (with 200,000 sites) in the world in terms of the number websites, said the deputy head of Iran's Telecommunications Company for technological affairs. The 32nd place is not suitable for Iran and efforts should be made to improve the ranking, Seidi said. - 5/24/09
Iran Khodro unveils micro-hybrid Samand car
Iran Khodro Company (IKCO) on Thursday unveiled the country's first national micro-hybrid Samand sedan. - 5/23/09
Major Still Factory Starts Operation In Ahvaz, Iran
The first wide steel sheet factory in the Middle East was inaugurated in Iran's southwestern city of Ahvaz, capital of Khuzestan province, on Saturday. After inaugurating the plant, President Mahmoud Ahmadinejad said Iran will turn to a major steel exporter in the world. - 5/23/09
Shielding the Commodity Markets Against Excessive Speculation
The latest economic indicators in the United States and other industrial countries suggest that economic decline might finally be coming to an end and a recovery can begin by late 2009. Once it starts, however, the global recovery can face a new potential threat from rapidly rising commodity prices, particularly for oil, food and industrial metals. -Nader Habibi - 5/22/09
IMO Chief: Iran's counter-piracy efforts "commendable"
The International Maritime Organisation (IMO) has praised Iran's counter-piracy efforts in Somali waters and the Gulf of Aden, calling on the Islamic Republic to extend such "commendable" support to other ships. - 5/22/09
Iran, China Ink 18 Cooperation Agreements worth $17B
Head of the Iranian-Chinese Chamber of Commerce Asadollah Asgaroladi said the two countries inked 18 agreements on building railway, commerce, mining, engineering and technical cooperation. - 5/19/09
Iran saffron exports up 81% year on year
Spain was the major export market of Iranian saffron, followed by the United Arab Emirates, Italy, Saudi Arabia, Sweden, France, India, and Japan, reported IRINN. - 5/13/09
International flower and plant exhibit opens in Tehran
Expediency Council Chairman Akbar Hashemi Rafsanjani and Tehran Mayor Mohammad-Baqer Qalibaf inaugurated Tehran's biggest flower and plant exhibit on Monday. - 5/12/09
Iran strips UAE consortium of mobile licence
Iran said on Monday that it has stripped a consortium including UAE telecoms giant Etisalat of the licence to run its third national mobile telephone network. The licence will now be awarded to a consortium including Kuwait's Zain which was runner up in the tendering process -AFP - 5/12/09
Photos: Construction of Tohid Underpass in Tehran
Construction operation of Tohid Underpass project started two years ago. Chairman of the Expediency Council on Monday expressed hope that Iran would be recognized as an exemplary country in constructing great development projects in the world in the near future. - 5/11/09
China is Iran's leading trade partner
Mottaki noted that the level of trade between the two countries increased from $400 million in 1994 to $29 billion in 2008 and said this shows Tehran-Beijing economic relations have grown at an average annual rate of 40 percent over the past few years. - 5/11/09
Iran Khodro launches biggest overseas car assembly line in Syria
Iranian major carmaker Iran Khodro Company (IKCO) inaugurated the second phase of the Samand sedan assembly line in Syria on Thursday. This new factory makes up the company's largest overseas car production plant. - 5/8/09
Caspian Sea states envision $200b trade in 2020
The five Caspian Sea littoral states have predicted their annual trade to reach $200 billion by the next 10 years, the director of Iran's Ports and Maritime Organization (PMO) stated here on Wednesday. - 5/7/09
A thirst to reach the top in Iran
Fardin Alizad, owner of three food companies in Iran, is determinedly upbeat in spite of the challenges of running a business in the country. Like many other entrepreneurs the world over, he says opportunities can be forged from setbacks. In fact, that is the only way, he says, to respond to problems arising from the Iranian government’s economic and business policies as well as international sanctions over the country’s nuclear programme. -The Peninsulaqatar - 5/6/09
12,000 German companies doing business in Iran
Though the United Nations and the West have imposed sanctions on Iran over its sensitive nuclear program, Germany is still Iran's biggest trade partner in the European Union. -MNA - 5/5/09
Photos: Garlic Harvesting in Zanjan, Iran
Allium sativum L., commonly known as garlic, is a species in the onion family Alliaceae. Its close relatives include the onion, shallot, leek, and chive. Garlic has been used throughout recorded history for both culinary and medicinal purposes. -Photos by Erfan Dadkhah, ISNA - 5/4/09
Iran sets $10b target for annual exports to Iraq
Iran plans to export $10 billion worth of products to Iraq in its current calendar year (began March 21), the Iranian commercial attaché has said. - 5/4/09
Photos: Iranian Workers
In many countries, May Day is synonymous with International Workers' Day, or Labour Day, which celebrates the social and economic achievements of the labour movement. May Day commonly sees organized street demonstrations and street marches by millions of working people and their labour unions throughout most of the countries of the world. -Photos by Sajad Avarand, ISNA - 5/1/09
Iran, Korea agree to manufacture Daewoo buses in Ardebil
Ardebil's Sabalan Khodrow Mfg. officials and South Koran Maywan Bus Manufacturer Company directors signed the letter of agreement during a ceremony at Ardebil Municipality validity of whose first phase is 12 months and the buses are to be manufactured at the Second Ardebil Industrial City. - 4/30/09
Iran's annual pistachio exports exceed $700m
Iran's value of pistachio exports stood at $721 million in the last Iranian calendar year (ended March 20, 2009), showing a 43 percent fall compared to the year before. - 4/30/09
Tehran's Fruit Market
Recently, on my way out to visit a location south of Tehran with my colleague Mr Astani, we visited the new Tehran fruit market. Although it is primarily a wholesale market, the public can buy there. I had not been to the market since my childhood when I used to go with my grandmother for serious food shopping -Syma Sayyah, Tehran - 4/29/09
In Unusual Move, Iranian Teachers Strike For Wage Parity
Teachers in several cities and provinces of Iran are in the midst of a three-day strike to protest low wages. The main demand of the teachers is implementation of a pay-parity bill passed by parliament in 2007. The bill, which would bring teachers' wages in line with other government workers, has not been instituted, despite recent promises by Iranian President Mahmud Ahmadinejad. - 4/28/09
Why Iran Is Hungry for Business with the US
Nestled in rocky hills about 40 minutes from Tehran, Pardis Technology Park is supposed to be Iran's answer to Silicon Valley. But these days, Pardis is deserted and forlorn, with many buildings standing unfinished, their exposed girders rusting. Foreign companies are reluctant to invest in the Islamic Republic, and domestic outfits are cash-strapped. -Spiegel - 4/28/09
Israeli oranges 'on sale in Iran'
Fears that an Iranian ban on imports from its arch foe Israel was flouted by the sale of Jaffa oranges have sparked an inquiry in Tehran, reports say. -BBC - 4/25/09
Iran's automaker SAIPA listed in ME's 100 top companies
Iran's No.2 giant automaker was listed in the 100 top companies of the Middle East. SAIPA stands at 89th place of the Middle East Economic Digest's (MEED) list in terms of market volume. - 4/23/09
Iran's oil revenues hit $9b in Q1: EIA
Iran's oil export revenues stood at nearly $9 billion in the first quarter of 2009, according to statistics released by the Energy Information Administration (EIA) of the U.S. Department of Energy. - 4/22/09
Iran enforces anti-money laundering law
The Central Bank of Iran is enforcing the newly-passed Anti-Money Laundering law to curb possible crime, CBI chief Mahmoud Bahmani says. -Press TV - 4/21/09
US banks want to open branches in Iran
Four American banks, including Citigroup and Goldman Sachs, file requests with Central Bank of Iran. If approved, they will be able to open branches in free trade zone, and later perhaps in Tehran -YNet - 4/20/09
Runna: The Second all-Iranian car unveiled
The second all-Iranian car, named Runna, was unveiled in Tehran on Saturday in a ceremony attended by high-ranking officials and senior managers of Iran's automotive industry. - 4/19/09
Iran Opens Doors to Foreign Banks
For the first time since the 1979 Islamic Revolution, Iran is set to allow foreign banks to establish branches in the country and engage in normal banking operations. -Press TV - 4/19/09
Tehran becomes biggest importer of wheat
Iran has become the world's largest importer of wheat, the country's staple, in a blow to Tehran's goal of achieving self-sufficiency in the crops it considers key to food security. -Financial Times - 4/18/09
Iran asks expats to play greater role in nation's economic development
Iranian Deputy Commerce Minister has called on Iranian expatriates to play a greater role in the country’s economic development. At a gathering of Iranian expatriates in Tehran, he put the number of Iranians residing abroad at 3 to 5 million, with a total estimated capital of $1.3 trillion. - 4/17/09
German university ready to start construction of New Town Hashtgerd
Berlin's Technical University (TU) which is in charge of planning the ultra-modern New Town Hashtgerd project, is ready to begin the construction phase this summer, the German project manager Rudolf Schaefer told IRNA in Berlin on Wednesday. - 4/16/09
Iran, Armenia Strengthen Ties Through Joint Projects
Armenian President Serzh Sarkisian and Iranian President Mahmud Ahmadinejad have signed agreements worth millions of dollars in two days of negotiations in Tehran, RFE/RL's Armenian Service reports. - 4/16/09
Iran Khodro president dismissed, deputies resign
Manouchehr Manteqi the chief executive and president of the Iran Khodro Company, the Middle East's largest automaker, has been dismissed. - 4/9/09
Iran inflation rate at 25.4% in March
Iran's annual inflation rate stood at 25.4 percent in the twelve months ending March, the Central Bank of Iran (CBI) has announced. - 4/9/09
Curbing Inflation Top Issue in Election Race
The Iranian New Year, which was celebrated on March 21, was this year not just a holiday. It also served to highlight a whole host of worries about Iran's double-digit inflation. -Arash Hassan-Nia, Tehran - 4/8/09
Iran, Armenia Agree To Build Railroad
In anticipation of Armenian President Serzh Sarkisian's visit to Tehran later this month, government officials have agreed to build a $1.2 billion railway linking Armenia and Iran. - 4/7/09
Photos: Harvesting zucchinis in Dezful, Iran
Following photos are from people in harvesting Zucchinis in the agricultural fields of Dezful, in Iran's Khuzestan province. Zucchini is a small summer squash. Along with some other squashes, it belongs to the species Cucurbita pepo. Zucchini is one of the easiest vegetables to cultivate in temperate climates. -Photos by Hadi Jafarzadeh, ISNA - 4/6/09
Iran, Venezuela set up joint bank
Iran and Venezuela officially launched their first joint bank in Tehran on Friday. President Mahmoud Ahmadinejad and his Venezuelan counterpart Hugo Chavez attended the inaugural ceremony. - 4/3/09
Iran Pharmaceuticals and Healthcare Report Q2
BMI is forecasting a 10.2% compound annual growth rate (CAGR) for the Iranian pharmaceutical market, meaning an increase in total value from US$2.25bn in 2008 to US$3.65bn by 2013. - 4/3/09
Iran shuts its 'Sun' daily to cut costs
Khorshid, launched in October last year, has been closed down following "supreme leader Ayatollah Ali Khamenei's new year message" that urged the government to rein in costs, said Ali Zabihi, managing director of government agency Atieh. -AFP - 3/30/09
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