Tag Archives: Development

Iran’s national currency of the rial has regained ground after 4 days of fall which was triggered by the government’s decision to increase the price of subsidized gas by 50% and unsubsidized gas by 300% in the country.

Iran has filed a request for a loan of $2 billion from Russia to build power plants. railroads and to purchase subway cars.

Iran is working on new strategies and smarter policies in areas of foreign trade and business to further undermine the repercussions of Washington’s unilateral sanctions against Tehran.

Italian firms and companies are enthusiastic to have a bigger share of the market in Iran.

Iranian President Hassan Rouhani will inaugurate a new railroad connecting the northwestern cities of Mianeh and Bostan Abad. which will shorten the International North-South Transport Corridor (INSTC).

Enhanced production and maintaining output in North Azadegan was on the agenda. adding workover of operational wells was also planned for.

The majority of the loan will reportedly be used for conducting several joint power plant projects in Iran.

BP plans to construct a $25 million pilot plant in the US to prove the technology.

10 dams are also to be inaugurated in Tehran. Ilam. Qom. Yazd. Kerman and West Azarbaijan provinces.

The significant 53 percent increase in goods imports for the development of phases and petrochemical complexes in the zone in the first seven months of the current year.