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…
Economy
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…
Iran to divest more shares in banks, IPO planned for top refinery
The Iranian government says its remaining shares in three major banks will be listed in the local stock market while it plans…
Iran non-oil exports value reaches $13.5bn in H1
Deputy Minister of Industry, Mine and Trade put the country’s non-oil exports value in the first six months of the current Iranian…
Iran’s gold mine shows 16% output rise in H1 fiscal year
Gold production in a key Iranian mine has increased by 16 percent in the first half of the current calendar year. A…
Iran to take back foreign debts: Gov’t spox
Government spokesman Ali Rabiee said on Tuesday that delegations would be sent to different countries to reclaim Iran’s foreign exchange resources. “The…
Iranian bank’s claim for damages hits EU brick wall
The European Court of Justice (ECJ) in Luxembourg has thrown out an Iranian bank’s claim for damages because of EU sanctions previously…
Iranian Pres. Rouhani opens $441mln worth of rural development projects
Iranian President Hassan Rouhani has launched tens of thousands of projects aimed at improving the rural and nomadic life across the country.…
Iran’s rial rises as Trump’s illness hurts re-election bid, report shows
Iran’s rial has risen against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s illness could…
Iran gasoline exports at over $1bn in 5 months to late August: Report
A new report shows Iran has exported a considerable amount of gasoline in the five months to August 21 as the country…
Iran economy to do better than Germany under coronavirus, says Rouhani
Iranian President Hassan Rouhani said the country’s economy has outperformed Germany after the outbreak of coronavirus pandemic, predicting a positive economic growth…
A report claims Iran using anonymous routes to ship oil to foreign customers
A report shows Iran’s Oil Ministry has been successful in selling huge volumes of oil to foreign customers despite American sanctions that…
Iran’s largest container port being prepared for mega-ships: Official
Very large container ships with capacities of up to 22,000 20-foot equivalent unit containers (TEU) would be able to dock at Iran’s…
China top buyer of Iranian steel in 5 months to August: IRICA
China was by far the top buyer of Iranian steel in the first five months of the current calendar year ending August…
Iran allows early repayment of sukuk bonds through crude
Iran’s finance ministry has issued a notice allowing the repayment of sukuk, debt bonds that are compliant with Islamic financial principles, through…
Iran to provide household access to 5G broadband by February: Minister
Iran’s telecoms minister Mohammad Javad Azari Jahromi says household access to fifth-generation (5G) broadband service will begin in the country by February…
Official: €500m investment to be made in Chabahar
Chabahar potentials have attracted many investors and a company has requested to make €550m investment in Chabahar, deputy governor of Sistan and…
Foreign students to start courses in Chabahar University soon
Head of Chabahar International University said that some 30 to 90 foreign students from Afghanistan will start studying in 22 majors in…
Iran lifts supply at gas storage facilities by over 30%: NIGTC
The National Iranian Gas Transmission Company (NIGTC) says supply at two natural gas storage facilities in the country have increased by more…
New factory raises Iran’s steel ingot output
A large steel factory that came into operation in southern Iran on Saturday will increase the country’s steel ingot production capacity by…
Despite sanctions, Iran’s oil exports jumped in September: Tracking firm
Iran’s exports of crude oil and condensate jumped in September amid unilateral sanctions imposed by the United States. That is according to…
Individuals behind economic corruption have nowhere to flee: Iran Judiciary chief
Iran’s Judiciary chief Ebrahim Raeisi has said that individuals behind money laundering, economic corruption and instability in the country will have nowhere…
Pandemic, sanctions hit EU’s exports to Iran as imports surge: Report
The spread of the coronavirus pandemic and new US sanctions caused a drop in trade between Iran and the European Union countries…
Iran obtains technology to turn methanol to propylene
Iran’s petrochemical industry has attained a major achievement by obtaining the know-how to turn methanol into propylene (MPT), a technology which authorities…