Iran inflation increases at slower rate in November
Financial Tribune – The latest data published by the Central Bank of Iran show that Iran’s point-to-point inflation in November reached 39.9%,…
Economy
Shahid Rajaei Port throughput reaches 50m tons in 8 months
MNA – Over 49.5 million tons of oil and non-oil products were loaded and unloaded at Shahid Rajaee Port in the southern…
Open market operations predicted in Iran’s 2019 budget bill
Financial Tribune – The mechanisms for implementing open market operations, as an effective measure to control and implement monetary and interest rate…
4th Iran-Oman direct shipping line launched
Financial Tribune – A new shipping line between Iran’s Jask Port and Oman’s Al Suwaiq Port has come on stream and will…
Europe must implement financial mechanism with Iran: MP
IRNA – Member of National Security and Foreign Policy Commission of Iranian Parliament emphasized that the establishment of ‘European Financial Mechanism’ was…
VP: Combating money laundering needs improving domestic financial system first
MNA – Laya Joneydi Vice President for Legal Affairs said that laws of Confronting Money Laundering and Terrorist Financing help country improve…
Germany, France reportedly agree on hosting Iran-EU trade mechanism
MNA – France and Germany have agreed on hosting a Special Purpose Vehicle to keep trade between Iran and the European Union…
Iran convicts 10 more on economic corruption charges
Tasnim – Iranian special courts for economic crimes have handed down prison sentences against 10 more men, including an Afghan national, for…
Iran-Oman trade sees 50% rise
Financial Tribune – Iran’s trade with Oman reached $870 million during the seven months since the beginning of the current Iranian year…
Iranian economic corruptor death sentence approved
IRNA – Iran’s judiciary spokesman announced that the death sentence of Hamid Baqeri Darmani was approved by the Supreme Court for bribery…
Iran, Iraq to finish railroad
IRNA – An advisor to Iran First Vice President Ishaq Jahangiri and Iraq’s minister of transport discussed finishing the railroad between Iran…
China vows ‘Severe Consequences’ if Huawei official is not released
The Wall Street Journal – China issued an ultimatum to Canada, demanding the immediate release of Huawei Technologies Co.’s finance chief or…
Russian envoy: Trading with national currencies a major step to counter US sanctions
MNA – Russian Ambassador to Iran Levan Dzhagaryan said that trading between Iran and Russia with national currencies is a key step…
Iran Supreme Leader urges currency boost: central bank
Reuters – Iran’s Supreme Leader Ayatollah Ali Khamenei has “ordered” the central bank to boost the value of rial, the bank’s governor…
Iraq hails Iranian firms presence in Karbala
IRNA – Head of Karbala Provincial Council, Nassif Jassem al-Khattabi welcomed presence of the Iranian companies in Karbala, Iraq. Al-Khattabi made the…
Iran, China resume banking ties: source
MNA – An informed source at the Iran-China Chamber of Commerce said Sat. that Tehran and Beijing have resumed banking ties after…
Protectionism saves $1m for refinery
SHANA – Iran’s Ilam Gas Refinery has saved more than a million dollars by implementing 10 projects aimed at supporting domestic manufacturers,…
Kaveh petchem plant operational by March 2019
SHANA – An official with the National Petrochemical Company (NPC) said Kaveh Petrochemical Complex was about to be commissioned, adding the project…
US sanctions accelerate Iran’s blockchain drive
Al-Monitor | Maziar Motamedi: Bitcoin buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York…
OPEC deal could push oil to $80 per barrel – analyst tells RT
RT – The Organization of Petroleum Exporting Countries (OPEC) has reached a new deal to restrict global output. Oil prices jumped in…
Tehran stock market trading value reaches $9.6b
Financial Tribune – From the beginning of current fiscal in March, a total of 358,799 billion shares and right issues worth 1.1…
Iran says special channel for trade with Europe almost set up
Al-Monitor – Iranian officials have announced that a special channel to conduct trade with European countries has been established and will be…
Iran to export 1mn bdp of oil despite US sanctions: Energy expert
MNA – Refereeing to withdrawal of Qatar from OPEC , Omid Shukri says Iran will be able to export 1 million barrels…
Iran resumes flow of gas exports to Iraq after pipeline repairs
MNA – The Islamic Republic of Iran has resumed flow of gas exports to neighboring Iraq after a temporary halt due to…
Hypocrisy of US and its Mideast allies
MNA – There is no denying the fact that the US is using Saudi oil card to damage the oil-based economies of…
Iran’s CB allocates €6.8b for imports via secondary currency market
Financial Tribune – The Central Bank of Iran said after the creation of the secondary foreign exchange market – known by its…
Iran’s export of products to Iraq up by 67% in eight months
MNA – Iran’s export of products to neighboring Iraq registered a significant 67 percent hike in the eight months of the current…
Official: Next budget bill focuses on Iranians’ livelihood amid US sanctions
Press TV – Mohammad Baqer Nobakht, head of Iran’s Budget and Planning Organization, says the budget bill for the next Iranian calendar…
Oil surges 5 percent as OPEC agrees output cut
IRNA – Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output…
Fmr. IRGC official hails Persian Gulf Star Refinery construction under sanctions
MNA – Former Commander of Khatam al-Anbia Construction Base Brig. Gen. Ebadollah Abdollahi hailed the construction of Persian Gulf Star Refinery, as…
Meeting outcome serves OPEC, Iran interests: Zangeneh
SHANA — Iranian Minister of Petroleum Bijan Zangeneh said the outcome of 175th OPEC Meeting served Iran’s interests as well as those…
OPEC endorses Iran exemption from production cut
SHANA — Iran managed to secure exemption from an agreement by OPEC members to reduce their oil production to prevent supply glut…
China’s Iran oil imports to rebound in December as buyers use US waivers
Reuters – China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer…
OPEC yet to agree final deal as Iran seeks exemptions: sources
Reuters – Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi…
Iraq ready for cooperation with Iranian companies in housing sector
IRNA – Iraqi Minister of Construction and Housing Bengin Rikani voiced his country’s readiness for cooperation with the Iranian companies in the…
Iran installs 1st South Pars 13 topside
SHANA — Iran has installed the first offshore topside of Platform 13B of phase 13 of the supergiant South Pars gas field…
EU’s plan to challenge dollar dominance won’t work without Russia – Economist
Sputnik – The newly-leaked European Commission plan to substantially reduce the bloc’s dependence on the dollar will not work without Russia’s participation,…
China outraged at arrest of Huawei CFO in Canada after US request
Bloomberg | Josh Wingrove, Natalie Obiko Pearson and Mark Gurman: Huawei Technologies Co.’s chief financial officer was arrested in Canada over potential violations of…
OPEC tentatively agrees to oil cut, waits for Russia to commit
Reuters – OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia…
Exempting Iran from OPEC production cut, natural: Zangeneh
SHANA – It would be natural for Iran, which is faced with US sanctions, to be excluded from any OPEC decision to…