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…
Economy
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…
Iran launching major trade office in Iraq’s Kurdistan
Iran is launching a major trade office in Iraq’s Kurdistan to boost exports of farming products and manufactured goods to the semi-autonomous…
Iran rolls out largest iron ore pellet plant with $360 worth of investment
Iranian President Hassan Rouhani has inaugurated the country’s largest iron ore pellet plant in the central city of Bafgh as his government…
US allows transactions on Iranian funds in Iraq: Reports
Media reports and sources have suggested that an Iraqi bank holding billions of dollars of Iranian funds has been allowed for the…
Chabahar to shortly receive 2nd port equipment from India
Iran’s Chabahar port in the southeast of the country will receive the second shipment of port equipment from India in the next…
Iran urges for stepped-up trade relations among ECO states
Iranian President Hassan Rouhani called for plans to boost trade exchanges among the Economic Cooperation Organization (ECO) member states, particularly in the…
Hague-based tribunal orders US to pay $37mln to Iran for breaching 1981 treaty
In a legal victory for the Islamic Republic, the Hague-based Iran–United States Claims Tribunal (IUSCT) has ordered Washington to pay $37 million…
Iranian container ship Shahraz refloated off Indonesian coast
Iranian container ship Shahraz has been refloated off the Indonesian island of Batam some nine months after it grounded in a narrow…
FM says Iran reaches settlement with South Korea for repatriation of assets
Iranian Foreign Minister Mohammad Javad Zarif said on Wednesday that Tehran and Seoul has agreed upon repatriation of Iranian assets from South…
Conference on Iran-Syria trade opportunities kicks off in Tehran
Conference on Iran-Syria trade opportunities opened in Tehran to explore ways to augment trade including low trade tariffs. The conference, sponsored by…
Pres. Rouhani calls for honoring Iran’s rights to join global economy
Iranian President Hassan Rouhani called on international community to respect Iran’s rights to join global economy in a bid to develop non-oil…
Iraq to speed up releasing Iranian assets, says top banker
The Trade Bank of Iraq (TBI) chairman Salem Chalabi says his bank will expedite efforts meant to release funds belonging to Iran…
US agrees in principle to S Korea’s partial release of Iran’s assets: Report
The United States has reportedly agreed in principle to partial release of some $7 billion in Iranian assets that South Korean banks…
Iran swapping gasoline for Venezuelan jet fuel
Iran is swapping its gasoline for Venezuelan jet fuel in a deal agreed by the two countries’ national oil companies, a report…
FM Zarif urges South Korea to provide Iran with access to blocked money
In a phone talk with his Iranian counterpart, the South Korean Foreign Minister said that Seoul is determined to resolve the issue…
IRGC company contracted for Chabahar’s second phase
Iran will use the services of a major construction company affiliated with the Islamic Revolution Guards Corps (IRGC) for development of its…
Talks begins for Iran-EEU free trade
Iran and Eurasian Economic Union (EEU) are holding talks on abolishing customs duties to reach free trade with zero tariffs, an economic…
South Korea to pay $1b of its arrears to Iran, top banker says
Governor of the Central Bank of Iran Abdolnasser Hemmati said on Wednesday that South Korea is to start paying $1 billion of…
Iran launches 933 km of new energy pipelines
Iran has expanded its energy pipeline network by 933 kilometers as the country aims to reduce costs related to the transportation of…
South Korea to unfreeze Iran money after ‘consultations’ with US
South Korea says the Iranian assets locked in the Asian country will be released after consultations with the United States. The South…
Pres. Rouhani unveils agreement with S. Korea, Japan, Iraq, Oman on release of Iran’s assets
President of Iran Hassan Rouhani lauded the agreements with South Korea, Japan, Iraq and Oman to unfreeze Iranian funds as an omen…
South Korea agrees to unfreeze Iran’s assets
The Central Bank of Iran said it has reached an agreement with South Korea on the release of frozen Iranian assets in…
Iran working with Swiss agency to obtain geographical labels for food designations
Iran is using the services of a major Swiss intellectual property agency to protect four major food designations as it seeks boosted…
Iran to maintain controversially low forex price for next fiscal year
The official IRNA news agency said a parliamentary committee discussing articles of a draft budget law for the next calendar year starting…
Iran’s MTN Irancell launches commercial 5G service
Iran’s second mobile operator MTN Irancell has launched a first commercial 5G internet service in the country in a location in the…
Iran to hold auction for 5G spectrum: Regulator
ran plans to hold a tender for allocating the frequency band needed for providing fifth generation technology (5G) by mobile operators, says…
Iran studying various options on official digital currency, top banker says
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the bank is considering various options on how it can issue an official…
Iraq opens several border crossings for Iranian transit
Following the Iranian Judiciary chief’s recent visit to Iraq, the Arab country has reopened several border crossings for the shipment of Iranian…
Plane carrying Iranian refinery materials lands in Venezuela
A plane carrying Iranian catalysts has landed in Venezuela to help jump-start the oil refineries in the South American country amid a fuel crisis,…