• Iran Railways Receives 1st Batch of Domestically Produced Rails

    The long wait finally came to an end when Esfahan Steel Company supplied the Islamic Republic of Iran Railways with the first batch of domestically produced rails on Sunday.
    The batch contains 500 tons of U33 rails manufactured using the latest technologies and based on Europe's EN13674 standards, an ESCO statement announced.
    "Producing rail based on the latest European standards was painstaking and complicated, but worth the pain to achieve self-sufficiency," said ESCO's newly-appointed managing director, Mansour Yazdizadeh.
    He recently replaced Ahmad Sadeqi who had led ESCO since November 2015.

Domestic Economy

  • Standardization Key to Boosting Chicken Exports
    06/18/2018
    Deputy Agriculture Minister Morteza Rezaei said standardizing the age and weight of broiler chickens produced in Iranian poultry farms is inevitable and highly important to have a bigger share in...
  • Newsprint Prices Rise  by 100%
    06/18/2018
    Prices of paper used by publications (books, newspapers, magazines, etc.) have grown by 100% over the past year due to fluctuations in foreign exchange rates, the head of Paper and Cardboard...
  • Iran Railways Receives 1st Batch of Domestically Produced Rails
    06/18/2018
    The long wait finally came to an end when Esfahan Steel Company supplied the Islamic Republic of Iran Railways with the first batch of domestically produced rails on Sunday. The batch contains 500...
  • Tehran’s Global Cities Index Improves by 4 Notches
    06/18/2018
    Tehran ranked 94th in the Global Cities Index from among the list of 135 metropolitan cities under study in the A.T. Kearney 2018 Global Cities report, which shows an improvement of 4 notches...
  • Iran’s Share in Global Sheepskin Exports at 5%
    06/18/2018
    Iran has a share of 5% in global sheepskin exports and a 1% share in cowhide exports, the chairman of Iran Tanners Association said. Ali Hassanzadeh added that Iran has an output of 22 million...
  • Aside from European countries, 70-75% of other countries are using EASA standards and regulations.
    06/18/2018
    Plans are underway to update and implement new rules and regulations regarding different aspects of Iranian airports, based on the European Aviation Safety Agency's protocols. Speaking to...
  • Iran’s GDP Growth at 3.7% in Fiscal 2017-18
    06/17/2018
    Iran's economy grew 3.7% during the last fiscal year (March 2017-18), according to latest reports released by the Central Bank of Iran and the Statistical Center of Iran. This is the first time...
  • Railroad Planned With Turkey, Azerbaijan
    06/17/2018
    The Kars-Igdir-Nakhchivan Railroad will be built jointly with Iran and Azerbaijan, the Turkish...
  • Amirabad: Biggest Export Terminal in Northern Iran
    06/17/2018
    More than 114,670 tons of commodities have been exported from Amirabad Port in the northern Mazandaran Province since the beginning of the current Iranian year on March 21, the manager of the Ports...
  • Iran Regains ECOSOC Membership
    06/17/2018
    Iran has once again become a member of the United Nations Economic and Social Council...
  • Tehran Municipality has recently banned the sale of tobacco and snacks by street kiosks.
    06/17/2018
    The head of Newspaper Distributors and Salespeople Union believes it is not within the purview of municipalities to decide what items street kiosks are allowed to sell.  “The body in charge of...
  • Tehran to Host Int’l Metalworking Exhibition
    06/17/2018
    The Third International Exhibition of Metalworking, also known as AMB Iran 2018, is scheduled to be held in Shahr-e-Aftab International Exhibition Center in southern Tehran from June 26 to 29....
  • Tabriz-Van Passenger Rail Service to Resume
    06/17/2018
    A new passenger rail service between Iran and Turkey will become operational on June...
  • Germany Sets Up Iran Advice Office for Companies
    06/17/2018
    The German government has set up a special office to advise companies worried about their...
  • Rise in Rice Imports
    06/17/2018
    Close to 178,000 tons of rice worth more than $183.5 million were imported into Iran during the first two months of the current Iranian year (March 21-May 21), registering a 22.1% and 9.1% decline...
  • Iran is importing 6,000 head of sheep from Kazakhstan.
    06/14/2018
    A shipment of imported livestock consisting of 1,000 head of sheep arrived at Arvand Free Trade Zone in the southern Khuzestan Province from Kazakhstan on Monday.  Livestock were earlier imported...
  • Satellite TV commercials and newspaper advertisements these days invite Iranians to invest abroad.
    06/14/2018
    Pulling money out of the country of their birth and buying foreign assets such as real estate have been a common practice of the rich in Iran for years.  However, now even those with a little more...
  • Bashmaq Border Closed on  June 15
    06/14/2018
    Bashmaq border crossing in the western Kurdestan Province’s Marivan County will be closed on June 15, at the request of the officials of the Iraqi Kurdistan Region on the occasion of Eid al-Fitr....
  • New Chief for Iranian Tobacco Company
    06/14/2018
    The board of directors of Iranian Tobacco Company has appointed Mohammad Reza Khak-Kar as its new managing director to replace Mosayyeb Mohammadian-Shomali, the company’s news outlet reported. Khak...
  • Caspian Port Designated Marine Trading Border
    06/14/2018
    First Vice President Es’haq Jahangiri designated Caspian Port as one of the country’s official marine trading borders for vehicles, passengers and cargo imported to and exported from Iran in a...
  • Melons Exported to 25 Countries
    06/14/2018
    More than 86,150 tons of melons worth over 1 trillion rials ($30 million) were exported from Iran to 25 countries in the last Iranian year (March 2017-18), according to the latest figures released...
  • ATM Imports Hit $35m
    06/14/2018
    More than 1.18 trillion rials ($35 million) worth of automated teller machines (ATMs) were imported into Iran during the last Iranian year (March 2017-18), according to figures released by the...
  • Iran and the Eurasian Economic Union signed a three-year provisional agreement for the bloc to welcome Iran into EEU’s free trade zone last month.
    06/13/2018
    Iran’s non-oil commercial exchanges with the five member states of the Eurasian Economic Union totaled $1.69 billion during the last Iranian year (March 2017-18) to register a decline of 35.38%...
  • Iran Trucks to Be Exempt From Armenia Road Tax
    06/13/2018
    The government of Armenia put on the agenda of its Cabinet meeting on Monday a package of draft...
  • Local Bank to Finance Rail Project
    06/13/2018
    An Iranian public bank has been chosen to finance the Mianeh-Ardabil railroad project worth 7.5 trillion rials ($178.57 million), the CEO of Iran’s Transportation Infrastructure Construction and...

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