Immunity of Central Bank of Iran in Italy

(1/28/2020)

An Italian court rejected a lawsuit filed by American plaintiffs over seizure of the bank’s assets in the country worth $5.99 billion, declaring that There are no grounds in international law to uphold in Italy a 2012 U.S. court decision to strip Iran of sovereign immunity.

Iran Saves $1b by Replacing Gasoil Fuel with Gas in Kish Power Plant

(1/28/2020)

The head of the Iranian Offshore Oil Company’s Kish District said by replacing gasoil with gas in the island’s power plant, the country has saved an equivalent of $1 billion worth of gasoil.

Iran’s Businessmen Warned against Outbreak of Fatal Coronavirus in China

(1/28/2020)

The Iran-China Joint Chamber of Commerce warned Iranian traders and merchants about the outbreak of lethal coronavirus in China, and called on them to monitor the latest situation of the spread of the fatal virus before travelling to China.

Improving national economy a priority for CBI: Hemmati

(1/25/2020)

​Governor of Central Bank of Iran, Abdolnasser Hemmati, says the government will exert every effort to improve the national economy, as a top priority urged by the Leader of Islamic Revolution.

KLM to Resume Flights via Iran, Iraq Routes

(1/25/2020)

Dutch flag carrier, the KLM, announced that it will resume its flights through the Iranian and Iraqi airspace following an interim halt that was caused by soaring military tensions in the Middle East region.

Major energy expo underway on Kish Island

(1/22/2020)

The 16th International Energy Exhibition, Iran’s second most important energy event, is currently underway on Kish Island off the southern coast of Iran in the Persian Gulf.

Energy min. inaugurates electricity projects in Hamedan

(1/22/2020)

Iranian Energy Minister Reza Ardakanian inaugurated some electricity distribution projects, worth around 20 trillion rials (about $154 million), in Hamedan province on Tuesday.

Once TFA finalized, trade costs to drop by 13-15%: official

(1/22/2020)

A Member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Mehdi Bakhshandeh said that once the Trade Facilitation Agreement (TFA) is enforced, trade and business costs will be reduced by 13 to 15 percent.

Local company lunches first PIMS in Iran’s oil industry

(1/22/2020)

The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry.

Official Lauds Iran’s Miracle Growth in Non-Oil Exports

(1/22/2020)

Iran’s Deputy Industry Minister Hossein Modares Khiabani announced that his country has exported $32 billion of non-oil goods in last 10 months, adding that it is a significant achievement for Tehran which is under the US sanctions.

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