‘3-digit inflation rate of enemy’s targets’
MNA – Iranian President Hassan Rouhani said the enemy planned to push the inflation rate in Iran up to a three-digit rate…
Economy
Judiciary: 11 individuals convicted for disrupting Iran’s currency market
Tehran Times – Judiciary spokesman Gholamhossein Esmaeili announced on Tuesday that 11 individuals were found guilty of disrupting the country’s foreign currency…
Will foreign investment return to Iran’s automotive sector?
Bourse and Bazaar | Hassan Karimi Sanjari: Iran produced just 770,000 automobiles in 2019, down from 1,418,550 just two years prior. The…
Iran-Switzerland financial channel activated by sending cancer drugs: Official
IRNA – Chairman of Iran-Switzerland Joint Chamber of Commerce Sharif Nezam-Mafi said that the financial channel has been activated between the two…
First Swiss deal with Iran via humanitarian channel has gone through: Swiss government
Reuters – A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in…
Iran oil exports no longer dependent on Hormuz Strait
SHANA — President Hassan Rouhani and Minister of Petroleum Bijan Zangeneh officially inaugurated the construction of a 1,000-km pipeline extending from Goreh…
Iran, Eurasia up trade exchanges by 14%
IRNA – Trade exchanges between Iran and Eurasia have increased by 14 percent from October 27, 2019, to June 19, 2020, compared…
Forex and gold firm in Tehran market
Financial Tribune – Major currencies resumed their climb against the rial at the start of trading week on Saturday after being in…
NPC earned $15bn in 1 Year
SHANA — CEO of National Petrochemical Company (NPC) Behzad Mohammadi has highlighted fluctuations in petrochemical production during the first two-month period of…
Consumer inflation at 26.4%
Financial Tribune – The average goods and services Consumer Price Index in the 12-month period ending July 21, which marks the end…
History repeats itself in Iran’s currency exchange market
Al-Monitor – The Iranian rial continues to lose value against foreign currency, as exporters face high costs due to sanctions and the…
S Korea must clear $7bn-debt to Iran ASAP: MP
MNA – Deputy chairman of the Parliament National Security and Foreign Policy Committee Abbas Moghtadaei urged South Korea to pay Iran’s 7-billion-dollar…
Top official claims part of Iran’s ‘Blocked’ funds are freed to be used for imports
Radio Farda – President Hassan Rouhani’s Chief of Staff announced July 21 the “release of blocked Iranian financial assets” in some countries…
Minister: Iran finalizes 2 electricity agreements with Iraq
FNA – Iranian Energy Minister Reza Ardekanian announced that his ministry has signed two agreements with Iraq’s electricity ministry to broaden mutual…
Iran to use forex reserves held abroad to balance market: President
Tasnim – Iranian President Hassan Rouhani unveiled plans to use the foreign currency reserve assets held in other countries in order to…
Iran to open commercial office in China
IRNA – A member of the board of directors of the Iranian Chamber of Commerce, Industries, Mines and Agriculture said Iran is…
Ex-Halkbank manager’s conviction over Iran sanctions upheld
Reuters – A federal appeals court has upheld the conviction of Mehmet Hakan Atilla, a former manager at Turkey’s state-owned Halkbank, for…
US ‘sanction’ addiction irritates EU allies: Vaezi
MNA – Mahmood Vaezi wrote that “Josep Borrell’s protest against the US use of economic sanctions shows that even US allies have…
President: Gov’t set to support exports to strengthen domestic production
IRNA – President Hassan Rouhani said on Monday that his administration’s policy is to support exports to help strengthen domestic production. Addressing…
Iran, Iraq seeking to achieve $20bn in trade exchange
MNA – Chairman of Iran-Iraq Joint Chamber of Commerce said that the two countries of Iran and Iraq are seeking to attain…
Iran, Iraq to finalize foreign currency deal
MNA – An official from the Central Bank of Iran (CBI) informed that Iraq and Iran are on the verge of finalizing…
‘Iran-China to have long term coop. in oil sector’: Zanganeh
MNA – Iranian oil minister on Monday informed that under the framework of the 25-year comprehensive cooperation road map, Iran and China…
Iran expected to produce 2.7bn more barrels of oil from shared Azadegan Field: Minister
IRNA – With a 10% increase in extraction rate from the shared field of South Azadegan, Iran is expected to produce some…
Afghanistan sends 1st transit consignment to China via Iran
MNA – The first shipment of Afghanistan’s transit goods has been shipped to China through Shahid Beheshti port in Chabahar, southern Iran.…
Iran’s exports to UAE up by 8% in three-month period: Official
Tasnim – The value of Iran’s exports to the UAE in the first three months of the current Iranian calendar year (March…
Forex, gold rise again in Tehran
Financial Tribune – The US dollar extended gains against the rial on Thursday, comfortably breaking past the resistance level of 240,000 rials…
Iran successfully seizes back vessel hit by US sanctions
Tasnim – An oil tanker sought by the US over allegedly circumventing sanctions on Iran was transferred from the UAE to Iran’s…
West concerned over Iran’s development under sanctions
MNA – Iran’s ambassador to IAEA, Kazem Gharibabadi stated that main concerns of western countries of the realization of Iran-China cooperation is…
Tehran warns Seoul over blocking oil revenues
MNA – Iranian Parliament’s Vice-Speaker lambasted the South Korean government for freezing of Iran’s oil revenues under the US pressure. In comments…
Iran seeking to speed up land, sea trade with Russia, envoy says
IRNA – Iran’s Ambassador to Moscow Kazem Jalali on Thursday called for seeking ways to facilitate the boosting of land, rail, and…
Will Iranian sea corridor compete with Suez Canal?
Al-Monitor | Mohammad Hanafi: Iran has announced a sea corridor for commercial exchange with Russia and India as an alternative to the…
Iran to turn Jask port into oil exports hub: President
Iran Front Page – The Islamic Republic of Iran is to turn its Jask port in the south of the country into…
Increased gasoil price, a big lie: Zangeneh
SHANA – Iranian Minister of Petroleum Bijan Zangeneh strongly ruled out rumors about the increased gasoil price in Iran. Speaking to ICANA,…
Iran to complete major railway project along Afghan border without India: Report
Tasnim – Four years after India and Iran signed an agreement to construct a rail line from Chabahar port to Zahedan, along…
South Korea imports no Iran crude oil for June: customs
Reuters – South Korea imports no Iran crude oil for June and a year ago, preliminary data from Korea Customs Service showed…
Iran emerges victorious from US economic war: President
Tasnim – Iranian President Hassan Rouhani said the country has overcome the US sanctions and successfully dealt with the economic war challenges…
Iran among leading Asian countries in FinTech: VP Sattari
MNA – The Vise President for Science and Technology, Sorena Sattari said that Iran is one of the leading countries in Asia…
SCI reviews changes in Iran’s misery index
Financial Tribune – Iran’s misery index settled at 45.4 in the fourth quarter of the last fiscal year (Dec. 22, 2019-March 19)…
Iran urges S. Korea to repay debts
Tasnim – Iran’s Foreign Ministry spokesperson warned South Korea that if it refuses to pay off its debts under the “inadmissible” pretext…
Iran eyes $2b in Yaran oilfield development
SHANA – The CEO of the National Iranian Oil Company (NIOC) said developing Yaran joint oilfield would generate 2 billion dollars in…