U.S. targets two UAE firms for dealing with blacklisted Iran banks
May 15 (Reuters) – The United States on Wednesday blacklisted a UAE-based exchange house and a trading company, which it said had…
Economy
How India dealt with Iran without treading on U.S. toes
New Delhi asked Tehran to mention only Afghanistan as key reason for Chabahar port pact India has managed to balance the task…
Obama-friendly think tank ponders a nuclear-armed Iran
President Obama has said he will not let Iran get a nuclear weapon. So why did the Center for a New American…
South Korea reduces crude imports from Iran by half in April
South Korea, the world’s fifth-largest oil importer, cut crude shipments from Iran by 51 percent in April from a year earlier, customs data show.…
MRPL to process Iraq, Latin American oil next year to make up Iran shortfall
NEW DELHI: Mangalore Refinery and Petrochemicals (MRPL) plans to begin processing oil from Iraq and Latin America from next year, helping the state-owned refiner to partly…
Upcoming OPEC meeting to focus on oil market: Iran oil minister
Iran’s oil minister says the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) will mainly focus on the situation…
No obstacle to investment in Iran petrochemical industry: Qasemi
Iranian Oil Minister Rostam Qasemi has downplayed the West’s sanctions against Iran’s petrochemical industry, saying there is no obstacle to investment in…
Iran to earn USD10 bn from natural gas exports per year: Deputy oil min.
Iran’s Deputy Oil Minister Javad Owji says the country’s revenue from natural gas exports is expected to surpass USD 10 billion per…
Frustrated with diplomacy, some in Congress seek total ban on Iran’s oil
After failing to halt Iran’s nuclear advances with harsh economic sanctions, a group of U.S. lawmakers and analysts is proposing a more drastic remedy:…
Iranian presidential elections 2013: the essential guide
Countdown has started for an election that marks the end of Mahmoud Ahmadinejad’s turbulent time in office. Here is all you need to know…
Iran to build 6 refineries in Africa
TEHRAN, May 13 (Xinhua) — Iran will build six oil refineries in African countries in the near future, Tehran Times daily reported…
Iran revenue from gas exports to reach $10 billion in year: Mehr
Natgas revenue will more than double by next Iranian yr when shipments reach 100mcm/d, state-run Mehr news agency reports, citing Javad Owji,…
Iran hopes OPEC lowers output: oil minister
TEHRAN, Iran — Iran is unhappy with the current oil prices, its oil minister said Monday, hinting at a proposal for the…
Iran seeks more bilateral trade in non-oil sectors with India
NEW DELHI, May 13 (Bernama) — Iran is seeking more business opportunities in non-oil sectors with India to boost bilateral trade, the…
China delivering 3 new ships to Iran
TEHRAN (FNA)- Iran is expanding its sea cargo fleet, Managing-Director of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Hossein Dajmar…
‘Made in Iran’ exhibition underway in Lebanon
The second exhibition of Iranian products is underway in the Lebanese capital city, Beirut, to boost bilateral economic relations between Lebanon and…
Iran to increase gas production by 100 mcm per day: Official
A senior Iranian oil industry official says the country’s gas production capacity will increase by 100 million cubic meters per day by…
Iran accounts for a quarter of ME petrochemicals: Top exec
Iran currently accounts for a quarter of the Middle East’s petrochemical products, and is on course to ramp up the figure considerably…
Iranian man extradited to U.S. tried to buy plane parts-Xinhua
The Iranian man extradited by Cyprus to the U.S. on suspicion of violating United Nations sanctions on Iran had tried to purchase…
India, Iran trade poised to cross $25 b in 4 years
HYDERABAD, MAY 11: Bilateral trade between India and Iran is poised to cross $25 billion within four years, according to Hassan Nourian,…
Consequences of western intransigence in nuclear diplomacy with Iran
As long as Washington refuses to recognise Iran’s right to enrich, no substantial agreement will be possible. To maintain the illusion of…
U.S. blacklists firms for evading Iran oil sale sanctions
(Reuters) – The United States has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based…
Iran envoy to Cyprus recalled after extradition to U.S.
(Reuters) – Iran has recalled its ambassador to Cyprus for consultations after an Iranian national was recently extradited from the island to the United…
Iran courts Indian companies with sweeter oil contracts
DUBAI/DELHI, May 9 (Reuters) – Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves…
Iran routes oil via Indonesia to keep up exports
(Reuters) – Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western…
Inflation takes its toll on Iran
It is not easy to get a reliable figure for inflation in Iran. Two official sources are tasked with this issue and…
Iran’s oil production at lowest since 1986
In the last week of April, the US Energy Department issued a report showing that Iran’s crude oil and condensate exports have…
CRS questions effectiveness of Iran sanctions
WASHINGTON – The Congressional Research Service, a nonpartisan research arm of the US Congress, has released a report questioning the efficacy…
Iranian elections: economy still centre stage as candidates rehash old themes
Presidential legacy of Mahmoud Ahmadinejad, who is ineligible to stand for third term, is one of high inflation and unemployment In 2005 many…
Sudan grants Iranian firm gold exploration licence-media
KHARTOUM, May 8 (Reuters) – Sudan has granted an Iranian firm a licence to explore for gold in the African country, state-linked…
Senators seek to block Iran from billion-dollar reserves
(Reuters) – Legislation introduced by a bipartisan group of U.S. senators on Wednesday would block Iran’s access to billions of dollars worth…
Sanctions help to stoke Iran property boom but bubble feared
(Reuters) – The Iranian property developer leant back in his chair, drew hard on a shisha pipe and looked down at photographs…
Iran announces list of permitted cars for imports
The Trade Promotion Organisation of Iran has announced the list of cars which are allowed to be imported in the current Iranian…
US complicates Turkey’s energy interests in Iraq, Iran
The US currently sanctions trade with Iran and does not support the Kurdistan Regional Government (KRG) of Iraq’s attempts to trade energy independent of…
Iran’s non-oil exports to hit $59 bln
Iran’s non-oil exports will reach $59 billion in the current calendar year, which ends March 20, 2014, the Deputy Director of the…
Beautiful apartment in Iran built entirely from waste materials
The stone cutting industry in Mahallat, Iran is a big business – in fact, it accounts for almost half the city’s economy.…
Obstacles fail to deter financier from opening private Iran bank
The international banking sanctions that have crippled Iran’s economy did not discourage Parviz Aghili from opening what is in effect the country’s only privately…
Iran faces fresh trade heat as more shipping firms exit
LONDON/NEW DELHI, May 7 (Reuters) – Foreign container shipping lines are giving up on Iranian business ahead of new U.S. sanctions in July, dealing…
Is Starbucks imposing its own sanctions on Iran?
Iran’s English-language, state-sponsored media service PressTV may have stumbled onto something, in spite of itself. An article published Thursday cites a bizarre YouTube rant…
Lawmakers: Gas exports could undercut US rivals Russia, Iran
Lawmakers who back natural-gas exports are trying to woo skeptical Democrats by arguing the sales would boost American power at the expense…