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…
Economy
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,…
Iran setting up direct shipping service to Syria’s Latakia
Iran is to open a direct shipping line between its major container port of Bandara Abbas in the south and Syria’s Mediterranean…
Iran hits milestone of 1 billion cubic meters in gas production
inister of Petroleum Bijan Zanganeh says Iran’s gas production has hit the record high above 1 billion cubic meters a day, a…
Iran’s annual petchem output to hit 100mn tons by 2022: Oil minister
Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year in the…
Iran central bank to launch contactless payment using mobile phones
Central Bank of Iran (CBI) is working on a project to enable contactless payments in shops and stores as it seeks to…
India to resume crude imports from Iran if US bans eased: Oil company
Chairman of India’s state-run Hindustan Petroleum Corp suggests that the country would not hesitate to resume crude imports from Iran once the…
South Korea finalizing talks with US on using Iran’s frozen assets to pay UN dues: Official
A South Korean Foreign Ministry official says his country is finalizing talks with the US on Iran’s payment of its UN membership…
IranAir expects word from Boeing on jets deal
Iran’s Civil Aviation Organization has written to Boeing to inquire about the fate of a $16.5 billion deal for 80 jets with…
Joint surveying begins as Iran, Afghanistan move to implement river-sharing deal
Iran and Afghanistan have launched a month-long surveying operation in their joint border region to work out the topographic features of the…
Iran’s parliament rejects govt. new draft budget
Iran’s parliament has rejected President Hassan Rouhani’s draft state budget of about $33.7 billion for the Persian year of 1400 which begins…
Iran’s electricity output capacity at 85 GW with launch of new power plant
Iranian President Hassan Rouhani has inaugurated a series of new energy projects as the country’s total capacity for electricity generation in the…
Iran offering discounts to encourage flights through its airspace: Minister
Iran has been offering discounts to major international airlines amid efforts by the government to boost transit income by increasing the number…
Iran among top petrochemical powers in region: Minister
Iranian Oil Minister Bijan Zanganeh says the country’s petrochemical industry is among the most powerful ones in terms of technology, equipment and…
Iran steel industry adamant against sanctions
Steel is the backbone of the industrialized world and has always been a centerpiece in Iran’s economic growth. Despite the disruptive impacts…
IMF cuts Iran’s 2021 economic growth outlook by 0.2%
The International Monetary Fund (IMF) has slightly cut its growth outlook for the Iranian economy amid projections that the country might continue…
Iran’s bond auctions generate $6.55bn with $106 mln in new weekly sales
The Iranian government says it has earned more than $6.55 billion from 35 weeks of bond auctions as it sells over $106…
Iran building 30-million-barrel strategic reserve
Iran has decided to build strategic reserves for 30 million barrels of oil as a buffer against the impact of sanctions, the…
Senior MPs weigh plans to boost Iran-China ties
Speaker of the Iranian Parliament Mohammad Baqer Qalibaf and Chairman of the Standing Committee of the National People’s Congress of China Li…
Iran in no rush to fill Turkey’s void in Armenia: Trade official
A senior Iranian trade official says the country is in no rush to fill a Turkish trade void in Armenia where public…
Iran’s gas output tops 1 bcm/d amid calls for efficiency
Iran’s production of natural gas has finally topped a long-awaited mark of one billion cubic meters per day (bcm/d) as authorities urge…
Basic goods imports exceed 4 mln tons in 10 months to late January: Iran’s GTC
Iran’s Government Trading Company (GTC) says the country imported over four million metric tons of basic goods in the 10 months to…
Iranian president inaugurates Persian Gulf Bid Boland Gas Refinery
President Hassan Rouhani inaugurated the Persian Gulf Bid Boland Gas Refinery, the largest in the Middle East and other important oil projects…
Iran’s inflation rate rises 1.7% as economy keeps reeling from COVID
Iran’s inflation rose by 1.7 percent in annual terms in the month to late January as the country keeps reeling from the…
Top banker says part of Iranian frozen assets released
Governor of Central Bank of Iran Abdolnasser Hemmati announced on Wednesday that part of Iran’s frozen assets have been released. Now, “we’re…
South Korean banks should pay damages on Iran’s frozen funds, says CBI governor
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country expects South Korean banks holding some $7 billion in Iranian funds…
Tehran, Baku move to expand ties with new deal
Iran and the Republic of Azerbaijan signed a new agreement at the conclusion of the latest round of the Joint Commission on…
Iran, Turkey sign 3 railroad deals
Iran and Turkey have signed three new agreements on railroad transport, the managing director of the Islamic Republic of Iran Railways said.…