In Iran, ‘rage is escalating’ as economic stress reaches new level
The Washington Post | Erin Cunningham: A sudden move to raise fuel prices in Iran has sparked nationwide protests over the past…
Economy
Jam petchem plant plans to diversify output
SHANA – The CEO of Jam Petrochemical Plant said the company had devised a master plan for diversification of its output. According…
Province meets 80% of Iran’s food demand
Financial Tribune – East Azarbaijan Province exported agricultural products worth $220 million during the seven months of the current Iranian year (March…
Two-tier gasoline prices bad news
Financial Tribune – Despite the fact that the National Iranian Oil Products Distribution Company’s gasoline output has not changed (115 million liters…
Iran to dig new wells in North Azadegan
SHANA — The operator of Azadegan Oilfield Development Project said plans were under way to drill a number of new wells in…
Huge investment attracted at Kish Invex 2019: Official
Press TV – Iranian officials have hailed an investment opportunity event held south of the country as a major success at a…
Iran, China about to launch own barter system: Report
Press TV – Iran and China are working out a barter system for trade that aims to bypass restrictions on dollar-denominated transactions…
Fuel price hike drives people toward public transportation
Financial Tribune – Since the government rationed and raised the price of gasoline on Nov. 15, the public transportation fleet in Tehran…
Almost a fifth of Iran’s gasoline output smuggled abroad: Report
Press TV – A new report citing data from the Iranian government shows that almost a fifth of the daily production of…
Carmakers’ losses exceed $830 million in six months
Financial Tribune – Iranian car companies have incurred losses to the tune of 100 trillion rials ($833.2 million) in the first half…
Iran’s 2020 Budget Bill to be submitted to Parl. on Dec. 6: Nobakht
MNA – The Head of Plan and Budget Organization Mohammad Bagher Nobakht said that the Budget Bill for the next Iranian calendar…
Iran’s rial rebounds after days-long drop over fuel price hike
Press TV – Iran’s rial has regained some footing after days of slide that began following a government decision to increase the…
Iran raps US sanctions on ICT minister
Tasnim – Iran’s Foreign Ministry spokesperson condemned the US move to impose sanctions on Iranian Minister of Communication and Information Technology Mohammad…
US calls on social media networks to block accounts of Iranian leaders
Radio Farda – The United States has called on social media giants Facebook, Instagram, and Twitter to suspend accounts linked to Iranian…
Italy eager to participate in Iran markets
IRNA – Italy’s Ambassador to Iran Giuseppe Perrone stated here on Saturday that the Italian companies are interested in having an active…
€10.6 billion in non-oil export revenues repatriated via Nima
Financial Tribune – Since the beginning of the current fiscal year (March 20), more than €10.6 billion earned from exporting non-oil goods…
30% rise in Iran’s trade with Azerbaijan
Financial Tribune – Iran’s trade with Azerbaijan totaled $422.68 million during January-October 2019 to register a 30.7% growth compared with the corresponding…
Securities atop stock market sectors
Financial Tribune – Financial securities topped the stock market sectors in terms of trade value in the month to October 22, according…
Iran: CNG consumption jumps
Financial Tribune – Following the government last week to raise gasoline prices by 200%, compressed natural gas consumption has risen by 2…
Iran asks Russia to provide $2 billion loan for power plants, railroads: Russian energy minister
Reuters – Iran has asked Russia to provide an additional $2 billion loan for projects including the construction of thermal power plants,…
US threatens more sanctions to provoke unrest in Iran
Press TV – US Secretary of State Mike Pompeo has threatened to impose even more sanctions on Iran over the country’s handling…
Iran’s ICT minister reacts to new US sanctions imposed on him
MNA – Iranian Information and Communications Technology Minister Mohammad Javad Azari Jahromi said he is not the first person to be designated…
Greece eager to boost agricultural ties with Iran
IRNA – Greek Agriculture Minister Makis Wedides described his country’s ties with Iran as excellent, saying that Greece is keen on boosting…
Remaining platforms of SP phase 13 to be installed by March 2020
SHANA — The operator of phase 13 of the supergiant South Pars gas field said the remaining two platforms of the offshore…
Iran exporting tomatoes to Pakistan at price of over $1 per kilo
MNA – The head of the Iranian National Union of Agricultural Products said that tomatoes have been exported to Pakistan over the…
Iran, Armenia sign document on electronic information exchange system
IRNA – Iranian and Armenian customs officials signed a document on the technical requirements of the advanced electronic information exchange system. The…
Forex reserves in stable conditions, CBI governor says
IRNA – Governor of Central Bank of Iran Abdul Nasser Hemmati stated that Iran is in a good place with regard to…
N. Korea set to name new ambassador to Iran as two seek to expand economic ties
NK NEWS | Colin Zwirko: North Korea is expected to name a new ambassador to Iran after the post was vacated in…
Iran’s energy minister in Moscow to discuss issues of mutual interest with Russian officials
IRNA – Iran’s Minister of Energy Reza Ardakanian arrived in Moscow on Thursday as the head of a delegation to meet with…
CNPC unit seeks major stake in newly-found Namavaran oilfield: Report
Press TV – Iran is set to announce that an operating unit of the China National Petroleum Corporation (CNPC) will be the…
Arvand petchem plant gets 70% of catalysts from local suppliers
SHANA – The CEO of Arvand Petrochemical Plant said the company supplied 70% of its need for catalysts from domestic producers. According…
Dollar down in Tehran
Financial Tribune – The US dollar declined by 1.45% on Tuesday in Tehran ands was worth 119,990 rials. On Saturday the greenback…
US sanctions against Iran affect Russia as well, says expert
TASS – Senior Researcher at the Russian Academy of Sciences’ Institute of Oriental Studies Boris Dolgov added that a lot depends on…
Iran minister due in Russia to ‘operationalize’ $5billion loan
Press TV- Iran’s Energy Minister Reza Ardekanian says he will head to Moscow on Thursday to “operationalize” a $5 billion credit line…
Russia, France criticize US for ending Fordow sanctions waiver
Press TV – Russia and France have expressed dismay at a recent US decision to cancel a sanctions waiver related to Iran’s…
Deputy agri. min. calls for validating PTA between Iran, EAEU
MNA – Deputy Minister of Agriculture Ali Akbar Mehrfard called for the validation of Preferential Trade Agreement (PTA) inked between Islamic Republic…
China ready to invest in Iran’s efficiency projects
IRNA – Chairman of Tehran Chamber of Commerce Masoud Khansari said on Tuesday after a visit to Beijing that Chinese international chamber…
Iran, Turkey targeting for $30bn in trade transactions: official
MNA – Islamic Republic of Iran and Turkey are poised to reach $30 billion worth of trade transactions between the two sides.…
Iran’s saffron in vital need of a brand name: official
MNA – The Chief Executive of Iran Agriculture Cooperatives Trading Company Amin Shalchian said that Iranian saffron is in a vital need…
Decline in Iran’s H1 industrial investments
Financial Tribune – More than 1.37 quadrillion rials ($11.09 billion) worth of investments are estimated to have been made in industrial units,…