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India exports to Russia via Iran
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India exports to Russia via Iran

The implementation phase of the North-South Transport Corridor (NSTC) will begin from next month. S Kumar, India’s high ranking customs officer, said: “New Delhi will begin its cargo export from mid-January 2018 to Russia via Iran and the Republic of Azerbaijan.”  

Iran strategic port phase I opens
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Iran strategic port phase I opens

Phase I of Shahid Beheshti Port in Chabahar was inaugurated by the Iranian President and 60 foreign guests from 17 countries. The opening of Phase I has increased Chabahar’s capacity as a port by 8.5 million tons. This figure will go up to 80 million tons in the last stage.  

Decathlon Group open store in Iran
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Decathlon Group open store in Iran

The French Decathlon brand, the world’s largest sporting goods retailer has officially entered the Iranian market by signing a contract with “Mega Pars”. This is the first time a large brand is entering the Iranian market by registering its company directly and managing its own store. Prior to this, only Turkish brands and chain stores were on the Iranian market through intermediaries.  

Iran-S Korea Euros 720MM Contract
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Iran-S Korea Euros 720MM Contract

The largest trilateral contract has been signed between Iran and the Iran-S Korea consortium (Iranian IRICO and S Korean Rotem) for wagon production. Based on this contract worth Euros 720MM, 450 wagons will be manufactured as a joint venture within the next six and a half years. The first of such wagons will be delivered to Iran in a year and a half.  

Tehran Stock Exchange breaks 50-year record
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Tehran Stock Exchange breaks 50-year record

The Tehran Stock Exchange index grew by 1130 units on Saturday 25 November 2017, to break its own record for the first time in half a century by crossing the 90 thousand-unit limit to 90 thousand 469. Previously, the highest exchange rate index was on 2 January 2013 at 89 thousand 500 units. After that, the stock index experienced a downward trend.  

Most viewed in all sections

Tesla and Volvo seek out 10-year old Iranian inventor

2018/01/06

The young 10-year old Iranian boy, Hossein Atayi Sangrudi from Karaj has already 16 inventions in his portfolio. Six of these are in the process of being registered. His inventions include the VTOL three-modality drones, gunboats, office furniture, miniature sprayer, multipurpose control for smart TVs, and so on.

Iran, US should opt long term relations

2017/10/22

In an interview with Persia Digest, Adib-Moghaddam said: It is imperative that Iran gets even closer to the EU, not least to keep the communication with Washington going, and to minimize misperceptions.

Passports of tourists entering Iran will not be stamped

2018/08/19

In order to counter US sanctions and promote its tourism industry, Iran has decided not to stamp the passports of tourists traveling to the country.

German Schiller Group Concert in Tehran

2017/11/14

The German Schiller Group Concert is taking place in Tehran for the first time. Christopher von Deylen, will be traveling to Tehran with his Group for the first time in mid-December to stage a concert at the Hall of the Ministry of the Interior over two nights on 11-12 December, at 21h30.  

Iranian-American woman returns to Tehran

2018/09/04

USA TODAY writes about Katayoun “Kat” Khosrowyar, 30, who was born and raised in Tulsa, Oklahoma. She describes herself as a “Midwest girl.” Since 2005, she’s been living in Iran as a soccer coach.

Latest News

Imran Khan’s priority - Riyadh or Tehran?

2018/09/24

Pir Mohammad Mulla Zehi, expert on Pakistani affairs in Tehran, believes: “Although Imran Khan chose Riyadh as his first foreign trip, his general outlook is to act as a mediator between Iran and Pakistan. The opportunity is still there for the new Prime Minister to make this happen.”

Issuing of e-visas for tourists visiting Iran begins

2018/09/24

The Iranian Ministry of Foreign Affairs has issued a statement announcing that issuing e-visas without labels in passports for tourists traveling to Iran has begun as from 23 September 2018 in all IR of Iran consulates and the country’s international airports.

Unilateral Iran visa waiver for Omani tourists

2018/09/24

Iran has unilaterally waived visa requirements for Omani tourists traveling to this country.

Rouhani to explain US violations of international obligations

2018/09/24

Upon landing in New York, the Iranian President said: “This is a good time to explain US violations of international obligations at the UNGA.”

New photos of terrorist attack in Ahvaz

2018/09/23

Members of a terrorist group opened fire on the military parade in Ahvaz, Iran, yesterday morning in a deadly attack.