Global market begins to make room for Iranian oil barrels
The market has begun making room for Iran’s oil even as reports from Vienna have a dim view of the US folding back…
Economy
Iran’s agrifood exports up 2% y/y in April-May to $896 mln: MAJ
Iran has reported a slight increase in agrifood exports in the two months to May 21 despite continued restrictions imposed at borders…
Iran allocates 417 mln for rental assistance amid pandemic
The Iranian government has released some $417 million in rental assistance under the country’s coronavirus rescue package. The allocation of the fund was…
Oil, Gas Industry Innovation, Technology Park starts operating
Oil and Gas Industry Innovation and Technology Park has been officially inaugurated with the aim of developing technologies and expanding cooperation among…
Iran using limited electricity supplies from Azerbaijan to prevent outages
Iran is using limited supplies of electricity from neighboring Azerbaijan to prevent a recurrence of brief power cuts that surprised the households…
Iran capable of immediately restoring oil output to pre-sanctions levels: Official
Iran will be able to immediately restore its crude oil production to levels seen before US sanctions hit the country in 2018,…
Iran crude revenues nearly doubled in quarter to December, CBI figures show
Latest economic performance data released by the Central Bank of Iran (CBI) show the country nearly doubled its crude revenues in the…
Iran’s port capacity up nearly 40% in 7 years: Ports authority PMO
Iran’s Ports and Maritime Organization (PMO) says cargo handling capacity at ports south and north of the country rose by nearly 40%…
Akbar Komijani takes over as Iran central bank chief
ran’s Cabinet has assigned Deputy Governor of the Central Bank of Iran (CBI) Akbar Komijani with the responsibility to run the bank…
Iran joins Azerbaijan in reconstructing newly liberated areas
The Iranian energy minister Reza Arkanian said Mon. that the Iranian companies will participate in reconstructing newly liberated regions in the Azerbaijan…
Iran, Iraq reach agreements on customs affairs, JV
Ministerial delegations from Iran and Iraq agreed on plans to promote cooperation on customs affairs, pave the way for joint investment, and…
Iran, Russia to develop fishery ties in Caspian Sea, Persian Gulf
Iranian Minister of Agricultural Jihad Kazem Khavazi and Head of the Federal Agency for Fishery of Russia Ilya Shestakov agreed to develop…
Tehran, Moscow call for joint investment in agriculture
Minister of Agriculture of the Russian Federation, Dmitry Patrushev, and Iranian agriculture minister Kazem Khavazi emphasized the development of cooperation between the…
CBI Governor says Luxembourg Court lifts seizure on Iran’s assets
The Supreme Court of Luxembourg has upheld ruling in lifting the seizure of Central Bank of Iran’s assets meaning that Iran’s assets…
Iran eyes new era of economic ties with Italy, says Zarif
Iranian Foreign Minister Mohammad Javad Zarif called for plans to remove the obstacles to cooperation with Italy and pave the way for…
Export of 1st oil shipment from Jask terminal by June: Oil minister
Iranian Minister of Petroleum Bijan Zangeneh said Iran’s first crude oil shipment will be exported from Jask Terminal by June, adding construction…
Global planemakers on path to return to Iran deals: Minister
Iran’s transportation minister Mohammad Eslami says two global planemakers Airbus and Boeing have started works to return to contracts they signed with…
Iran-Russia trade at $2.62bn in year to March: IRICA
Iran’s customs office IRICA says Russia was responsible for a bulk of trade between Iran and members of the Eurasian Economic Union…
Iran pushing for guaranteed relief from bankig sanctions: CBI
Iran is pressing the United States for a guaranteed relief from sanctions that have targeted the country’s entire banking system in recent…
Iran’s petrochemical export up by 13%
The secretary of the Petrochemical Industry Owners Guild said on Friday that while Iran’s production of petrochemical products increased by 10% in…
Iranian investor to sign airport plan abandoned by French
Iran will soon sign the contract to build a new terminal at the Imam Khomeini Airport (IKA) in Tehran to handle 25…
Iran, Iraq discuss gas debt arrears in Tehran meeting
Senior government ministers from Iran and Iraq have held a meeting in Tehran to discuss arrears on a multi-billion dollar debt Iraq…
Iran, Turkey to revise preferential trade agreement signed in 2015
Iran and Turkey are negotiating to revise a major trade deal signed six years ago as the neighbors seek to offset trade…
Iran, Oman trade capacity stands at $5b: official
Head of Iran and Oman Chamber of Commerce Mohsen Zarrabi said on Saturday that the capacity of Iran-Oman trade stands at five…
Iran, Pakistan ink MoU on border markets
The foreign ministers of Iran and Pakistan signed a memorandum of understanding to open border markets along the common frontiers of the…
Iran, Pakistan open third cross-border market
Iran and Pakistan opened the third cross-border market at Pishin-Mand on the border area on Wednesday. Iran’s Minister of Roads and Urban…
Businessman reveals details of Iran-Iraq deal on blocked funds
A major Iranian businessman with interests in trade in neighboring Iraq says the two countries have a detailed agreement on how Tehran…
Iran’s petrochemical output to reach $40b: Oil Minister
Iran’s Oil Minister Bijan Zanganeh said in the inauguration ceremony of several oil-related plans that Iran’s petrochemical output would reach 40 billion…
Old customers impatient to resume oil imports from Iran
Demand is rising for Iranian crude oil, with an OPEC report showing a higher output already by Iran which is closely watched…
South Korea must unfreeze Iran’s assets as soon as possible: Veep
Iran’s first vice president says South Korea must take action to unfreeze Iran’s foreign exchange assets as soon as possible, noting that…
Iranian top banker urges IMF, World Bank to act fairly
Abdolnaser Hemmati, Governor of the Central Bank of Iran (CBI), called on the International Monetary Fund (IMF) and the World Bank (WB)…
Iran Pres. Rouhani urges domestic coordination to boost production
President of Iran Hassan Rouhani called for cooperation and arrangements among domestic organizations to support and boost production in accordance with the…
Iran planning to start power, gas exports to Oman
Head of Trade Promotion of Iran’s (TPO) Arab and African office announced the country is pursuing plans to commence exports of gas…
IMF should respond to Iran’s legal request: CBI chief
Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Thursday that Iran expects the International Monetary Fund (IMF) to…
Iran says North-South Corridor low-risk alternative to Suez Canal
An Iranian diplomat says the International North-South Transport Corridor (INSTC) can serve as a low-risk, profitable alternative to the Suez Canal, which has been blocked in…
India in talks with Iran to use reserves for sugar exports: Report
India’s Foreign Ministry has been involved in negotiations with Iran to persuade the country to use its hard currency reserves in Indian…
President Rouhani vows definite victory over US economic warfare next year
President Hassan Rouhani on Wednesday expressed hope for great Iranian nation to achieve victories in the new year in terms of overcoming…
Iran reports robust growth in home appliance output
A report shows that Iranian home appliance manufacturers have seen their output for main devices surge by up to 50 percent year…
Iran launches major water transfer projects
The Iranian president on Sunday inaugurated five projects to transfer desalinated water from the Persian Gulf and the Sea of Oman to…
Iran’s economy out of recession after two growth quarters: Chief banker
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the county’s economy has emerged from nearly three years of recession caused by…