Iran’s FTA with EAEU to boost country’s regional trade
Iran is slated to host an economic gathering of Eurasian countries this month in an effort to counter Washington’s unlawful sanctions. In…
Economy
Iran launches outdoor 5G trial as internet reaches more villages
A first outdoor network to provide fifth generation of internet technology (5G) has been successfully tested in Iran as telecoms minister vows…
New Iranian note with pale zeros symbolizes transition to new currency
The Central Bank of Iran (CBI) has launched a new version of the most frequently-used bank note in the country to signify…
‘Indian equipment for Chabahar development to arrive by Mar.’
In an interview with Mehrnews, PMO Head Mohammad Rastad informed that the 1st consignment of the Indian equipment for the development of…
Iran has exported 700,000 bpd of oil since March – Fars
Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said…
Iran, Qatar ministers review cooperation on electricity
Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation…
Iranian energy minister in Qatar to expand bilateral agreements
Iranian Energy Minister Reza Ardakanian has travelled to Qatar to expand on a series of energy agreements signed between the two countries…
Iran’s trade with SCO member states hits $15bn in 7 months: IRICA spox
Spokesman of the Islamic Republic of Iran Customs Administration (IRICA) put country’s foreign trade value with member states of Shanghai Cooperation Organization…
Energy minister carries message from President Rouhani to Qatar
Iranian Minister of Energy Reza Ardakanian arrived in Doha on Monday carrying a message from President Hassan Rouhani for Emir of Qatar…
Iran says mobile broadband now available to 91.07% of population
Iran’s telecoms ministry says access to mobile broadband in the country has increased exponentially over the past seven years to cover 91.07%…
Dollar tumbles in Iranian market amid panic selling over US election fate
The American dollar has fallen by around a fifth against the Iranian rial as people flock to the markets to sell their…
Iran starts transferring Persian Gulf water to desert areas
President Hassan Rouhani on Thursday inaugurated the first phase of a major water desalination and piping of Persian Gulf water to central…
Iran, Afghanistan railways to link within next two weeks: Official
An Iranian transportation ministry official says a railway linking the country to neighboring Afghanistan will soon become operational. Abbas Khatibi told the…
Iran debt issuance up by 466% at over $3bn in half year to September: Report
The Iranian government has issued nearly $3 billion in new debt bonds in the half year to late September 2020, shows a…
Russia awards contract to Power Machines for work at Iranian power plant
Russia’s Power Machines has been awarded with a contract to build a major Iranian power plant on the coast of the Persian…
Dollar down 7% in Iranian market as US votes looms large
The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the…
Iran, Russia clinch new agreement to build Sirik Power Plant
New agreement was clinched between the Islamic Republic of Iran and the Russian Federation for the construction operation of Sirik Power Plant…
US-sanctioned Iranian plane lands in Venezuela -lawmaker, data
An Iranian plane owned by a company sanctioned by the United States for allegedly shipping weapons to Syria landed in Venezuela on…
Iran petchem output at over 35 mln tons in 7 month to late October
Iran has reported an 8-percent increase in its petrochemical output in the seven months ending October 21 despite problems faced in the…
Iran’s oil minister says Tehran’s oil industry will not yield to US pressure
Iran’s oil minister said on Twitter on Monday that Tehran’s oil industry will not yield to pressure from the United States. Minister…
US signals India’s work in Iran’s Chabahar port is exempt from sanctions
Keen to remove wrinkles ahead of the in-person Indo-US 2+2 ministerial meeting, the US has sought to assuage India’s concerns regarding Chabahar…
FATF bows to US pressure, agrees to toughen rules on Iran
The Financial Action Task Force (FATF), a global anti-money laundering watchdog, has agreed to a demand by the United Sates to toughen…
Iran allows exclusive use of cryptocurrencies to fund imports
The Iranian government has amended its regulations on cryptocurrencies to allow them be exclusively used for funding imports at a time of…
IranAir resumes flights to five European countries after pandemic shutdown
Iran’s national flag carrier IranAir says it has resumed scheduled flights to five European countries which had been suspended over the past…
Iran’s exports to EU up by 8% at $500mln in August, report shows
A study of trade exchanges this year between Iran and members of the European Union shows exports to the bloc surged in…
Iran to host Eurasia econ. meeting with eye on busting sanctions
Iran is to host an economic meeting of Eurasian countries next month as it eyes to strengthen its team-up with the sprawling…
Iran’s parliament announces ban on trawling in southern waters for 2 years
The Iranian parliament says bottom trawling in southern Iranian waters would be banned for the next two years amid rising concerns about…
New decisions made about forex supply, exports & imports
Parliament Speaker announced that the body has made new decisions about the swap of goods, supply of foreign exchange as well as…
India removed from Iran’s Farzad-B gas field project
Iran is no longer interested in having Indian firms involved in one of its major natural gas development projects. India has all…
Gold, dollar plunge as Iranian investors bet on US election results
Iran’s exchange and gold markets show fresh signs of oscillation as speculators keep wagering on results of the November 3 presidential election…
Iran’s parliament approves road transportation deal with Switzerland
The Iranian parliament has approved a major deal for good and passenger transportation through roads between Iran and Switzerland as the two…
Iran exports $139 mln worth of home appliances in March-August
Iran’s exports of home appliances declined in the five months to late August mainly because of coronavirus restrictions and tariff issues. An…
Iran to introduce rooftop solar for heavy consumers of electricity: Energy Ministry
Iran’s Ministry of Energy says capacity for using solar energy will increase in the country through a plan to encourage heavy consumers…
Spain extradites former Iranian banker sentenced to jail for corruption
Spain has extradited a fugitive ex-Iranian banker implicated in a financial corruption case. Alireza Heydar Abadipour, the former CEO of Sarmayeh Bank,…
Iran’s funds in Iraq over $5 billion
Iran’s central bank governor Abdolnaser Hemmati says he is “hopeful” his visit to Baghdad on Monday and successful talks with Iraqi officials…
Iran waiting for Turkey’s response to extend gas export contract
The National Iranian Gas Company (NIGC) has offered Turkey to extend a gas supply contract between the two countries beyond 2025 and…
Iran’s bank chief expresses hope for releasing frozen funds in Iraq
Governor of the Central Bank of Iran Abdolnasser Hemmati on Monday said that Iranian and Iraqi officials have agreed on adopting necessary…
Central Bank of Iraq stresses solving banking issues with Iran
Governor of Iraq’s Central bank Mustafa Ghalib Mukheef in a meeting with his Iranian counterpart Abdolnasser Hemmati stressed resolve to settle banking…
Report says World Bank to consider Iran’s improved climate for business in 2021
Iran’s main private sector advocacy group says the World Bank has accepted one of its studies showing the country has improved its…
Iran reports rise in non-oil exports in month to late September
Iran has reported a significant surge in the value of non-oil exports in the month to late September amid an easing of…