Iran’s wheat autarky on track despite severe floods
Press TV – For the fourth year in a row, Iran’s wheat harvest is enough to make it self-sufficient in the strategic…
Economy
Oil edges up as supply remains tight, helping offset trade woes
Reuters – Oil prices rose on Tuesday, supported by tighter global supplies that helped offset lingering worries that demand could be hurt…
S Korea keen on keeping business ties with Iran: official
MNA – Secretary General of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi said on Monday that South Korea is after maintaining…
German firms still active in Iran despite US Sanctions: DIHK
Tasnim – The foreign trade chief of the Association of German Chambers of Commerce and Industry (DIHK) said 60 German companies are…
Uzbekistan eager for expansion of trade ties with Iran: envoy
Tehran Times – Uzbekistan Ambassador to Tehran Bakhodir Abdullaev said his country is eager for expansion of mutual economic ties with Iran,…
Iran’s old clients still bargaining for oil waivers: MP
MNA – A member of Parliament’s Energy Commission said Tue. that Iran’s oil is “irreplaceable” in the global market, adding that the…
Modi govt plans to resume oil imports from Iran, skirt US sanctions
The Print – New govt plans to hold talks with Iran at the earliest to discuss ways to resume oil imports and…
No difficulty with supplying medicine under sanction: MP
MNA – A member of Parliament’s Health Commission said on Monday that Iran has no difficulty to supply the required medicine and…
Resisting sanctions Iran’s top priority: Interior min.
MNA – Interior Minister Rahmani Fazli said the country’s new budget structure will be complete within two months, adding that resistance against…
China stopped buying oil from Iran due to US sanctions – Reports
Sputnik – China has stopped buying oil from Iran after Washington announced a decision not to extend exemptions from its sanctions for…
Regulated Forex Market to be formed by June. 21: MP
MNA – The CBI’s planned Regulated Foreign Exchange Market will be formed by the end of the present Iranian month, Khordad, (June…
Doroud awaiting foreign investment
SHANA — Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in…
Arvand oil field and $135mn investment potential
SHANA – Until a couple of years ago, development of the oil and gas fields Iran shares with neighboring countries had been…
US sanctions on Iran felt in Iraqi Shia tourist districts
AP | Bassem Mroue: For years, Karar Hussein has sold sweets in his shop near the entrance to one of Shia Islam’s…
Tehran stocks fall as refinery selloffs pile pressure
Financial Tribune – Tehran Stock Exchange began trading week in negative territory amid volatile global markets and selloff pressure in refinery stocks…
South Pars gas field phases 2, 3 producing at full capacity
MNA – The phases 2 and 3 of the South Pars are producing their products with their highest capacity using internal capabilities…
US Sanctions Affect Lebanon’s Import of Pharmaceuticals from Iran
Al-Aawsat – Lebanese Health Minister Jamil Jabak has said that Lebanon can no longer import pharmaceuticals from Iran after the US sanctions…
Knowledge-based firms to be supported against sanctions: VP
MNA – Vice-President for Science and Technology Sorena Sattari said that knowledge-based companies will be supported financially in order to counter sanctions…
German business with Iran down sharply as US sanctions bite
AP — A German business group says German companies’ trade with Iran has declined sharply as the United States turns up the…
Italy voices readiness to enhance coop. with Iranian parts manufacturers
MNA – An Iranian delegation held talks with the president of Italian Parts Manufacturers’ Association and chairman of Autopromatec Exhibition and reached…
Iran tightens noose on corrupt tycoons
Al-Monitor – The long arm of the Iranian law seems to be reaching individuals accused of misusing political connections for personal profit…
Will open market operations signal new chapter in Iran’s financial leadership?
Al-Monitor | Maziar Motamedi: Under the leadership of Abdolnaser Hemmati, the Central Bank of Iran has recently secured a fresh financial tool…
Tepid growth in Iran’s steel production
Financial Tribune – A total of 4.01 million tons of iron ore concentrate were produced in Iran during the first Iranian month…
Instructions for offering oil at IRENEX prepared: Oil min.
MNA – In line with improving monetary transparency, instructions for offering oil at Iran Energy Exchange (IRENEX) have been prepared, Iranian Oil…
Petchem talks with foreign investors continue
SHANA | Negar Sadeqi: Despite the United States’ withdrawal from Iran’s 2015 nuclear deal with six world powers, negotiations between Iran’s National Petrochemical…
Imports of basic goods at 1.2mn tons in 2 months
MNA – During the first two months of the current Iranian calendar year (ending on May 21, 2019) Iran imported 1.2 million…
CBI not to eliminate forex management integrated system NIMA: governor
MNA – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati announced that the central bank is not intended to…
NIOC to sell 2 mb of oil at energy exchange on May 28
SHANA – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran…
Iran-China non-oil trade hits $8.8b in four months
MNA – The volume of non-oil trades between Iran and China amounted to $8.8 billion in the first four months of 2019,…
Mining sector in Iran needs €18b investment: IMIDRO
Tehran Times – The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the country’s mining sector currently…
Iran: 80,000 tons of print paper to be imported at subsidized rate
Financial Tribune – The government will allocate subsidized foreign currency at the rate of 42,000 rials per dollar for the import of…
Afghanistan to continue imports of Iranian oil: Afghan oil official
MNA – “Oil imports from Iran have not been halted and no change has been made in the previous policies,” Mostafa Khalazayee,…
Iran’s year-on-year inflation rate at 34.2%
IRNA – Iran’s inflation rate in the 12 months ending in the Iranian calendar month of Ordibehesht (May 21) was announced at…
119 gas supply projects inaugurated, commissioned by Rouhani
Tehran Times – Following the visit of Iranian President Hassan Rouhani to West Azarbaijan Province, 119 gas supply projects worth about $14.8…
Iran closes border crossing with Iraq citing ‘backlog’ of export goods
Radio Farda – The Iranian Customs Administration closed Soumar border crossing in Western Iran on Tuesday May 21, bringing export of Iranian…
Turkey closes ports to Iranian oil
Eurasia Review – Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions against its main supplier, despite Ankara…
US to extend Iran energy sanctions waiver for Iraq – Source
Sputnik – Washington has assured Baghdad it will prolong a sanctions waiver, allowing Iraq to purchase Iranian energy, a source, close to…
Iran: CNG 10% costlier from today
Financial Tribune – Compressed natural gas prices rose by 10% today (May 22). Ardeshir Dadras, head of Iran’s CNG Association made the…
Russia may have designs on Iran’s trade with Syria
Al-Monitor | Igor A. Matveev: When Russian Deputy Prime Minister Yuri Borisov paid a visit recently to Damascus to meet with Syrian…
Iran, Turkey vow to strengthen economic cooperation
IRNA – The Chairman of Iran-Turkey Chamber OF Commerce Reza Kami emphasized the development of trade and economic relations between the two…