President opens national tourism, sports projects across Iran
President Hassan Rouhani on Thursday inaugurated several cultural, tourism and sports projects across the country via video-conference. The virtual inauguration ceremony was…
Economy
New platform installed in Persian Gulf oilfield
Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters as the country keeps expanding crude…
Venezuela: Aggressive US sanctions won’t hinder free trade with Iran
Caracas has denounced the latest US sanctions against Venezuela and Iran as an act of “aggression,” saying such “arrogant” actions cannot prevent…
22 oil, gas fields under study by Iran universities
SHANA — The CEO of the National Iranian Oil Company said: “Including the first 9 contracts of the research study plan to…
Indian, Emirati container ships dock in Chabahar Port
IRNA – The Managing Director of Ports and Maritime Organization of Iran (PMO) Behrouz Aqaee said on Monday that two container ships…
Iran’s oil minister calls US sanctions a “war with no blood”
Reuters – Iranian oil minister Bijan Zanganeh said on Monday that the United States was waging a war against Iran by imposing…
China dismisses US claims of UN sanctions on Iran as baseless
MNA – China’s Foreign Ministry Spokesperson Wang Wenbin called US claims on returning UN sanctions on Iran baseless. China is following Iran’s…
CBI governor vows improving foreign currency market conditions
FNA – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said despite the US maximum pressures, the country expects improving…
UN chief says will take no action on Iran sanctions
Tasnim – United Nations Secretary-General Antonio Guterres told the Security Council he cannot take any action on a US declaration that all…
Iran’s rial hits record low as tension spikes with the US
Reuters – The Iranian rial fell to a record low against the U.S. dollar on the unofficial market on Sunday, a day…
Bidboland Persian Gulf Project named for 2020 world mega projects award
SHANA — The Persian Gulf Bidboland gas refining project was announced as one of the four finalists for the mega project of…
Trade between Iran, Turkey drops 67% in 7 months on year
Tehran Times – The value of trade between Iran and Turkey fell 67 percent in the first seven months of 2020, from…
Turkey’s Halkbank urges dismissal of Iran sanctions criminal case in US
Reuters – Halkbank on Friday urged a judge to dismiss a U.S. indictment accusing the state-owned Turkish lender of helping Iran evade…
Sanctions against Iran have never worked out, Russian FM says
Tasnim – Russian Foreign Minister Sergey Lavrov said sanctions on Iran will never “work out”, warning against attempts aimed at demonizing the…
US issues fresh Iran-related sanctions – US Treasury website
Reuters – The United States has imposed sanctions on two entities and a number of individuals linked to Iran’s intelligence and security…
Iran’s oil minister seeks help from IRGC controlled firm to export oil
Radio Farda – Highlighting his “great efforts to circumvent the sanctions,” Islamic Republic Oil Minister Bijan Namdar Zanganeh disclosed that he had…
Lawmaker: Iran to restore unlimited peaceful N. industry if UNSC sanctions reinstated
FNA – A senior member of the Iranian parliament’s National Security and Foreign Policy Commission warned that if the US returns the…
Iran ranks top in oil & gas exploration
IRNA – National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil…
Iran’s economy regaining balance after COVID-19 shock: Top banker
Tasnim – The Governor of the Central Bank of Iran said the country’s economy has begun to recover after the shock of…
Iran ranks 1st in world oil and gas discovery in 2019
SHANA — The National Iranian Oil Company (NIOC) ranked first among the world’s largest oil companies in terms of total oil and…
Iran’s oil exports more than halved in year ending March 2020
Bloomberg – Iran’s oil revenue slumped by more than half in the last Iranian calendar year, relative to government forecasts for the…
Currency, gold keep climbing
Financial Tribune – Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of…
Iran, US battle over sanctions at world court
Tasnim – The United States and Iran will face off at the UN’s top court on Monday in the latest round of…
Official: Iran to accelerate trade with Turkey
IRNA – Iran is ready to increase trade exchanges with Turkey, the head of Iran Customs Administration said, referring to carrying out…
India could lose basmati rice market in Iran to Pakistan as US sanctions disrupt payments
The Print – Tehran and New Delhi explore barter trading options even as Iran has stepped up importing basmati rice from Pakistan. …
Iran says it supports OPEC as far its interests are protected – SHANA
Reuters – Iran supports OPEC as far as the group protects Iranian interests alongside other members, Iran’s OPEC governor Amir Hossein Zamaninia…
Iran western borders resume normal activities lifting lockdown
IRNA – Border restrictions to contain coronavirus pandemic were lifted on Mehran and Shalamcheh, western Iran. with resumption of normal activities. Iranian…
Iran exports $2.5b non-oil products to Arab states
IRNA – Iran has exported about $2.5b worth of non-oil products to Arab states in the Persian Gulf and the Middle East…
Iran’s steel exports exceed 1.7mn tons in five months
MNA – Statistics showed large steelmakers in the country exported 1,786,611 tons of steel in the first five months of the current…
Majlis reviewing situation of capital market & stock exchange
IRNA – Parliament is currently reviewing situation in the capital market and stock exchange in an informal session in the presence of…
Iran’s currency hits new record low against the dollar
AP — Iran’s currency on Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by…
Tehran Stock Exchange: The end of an illusion
Al-Monitor | Ali Dadpay: Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in…
Iran’s exports of construction materials topped $7bn in year to March: Minister
Press TV – Iran’s minister of industry, mine and trade says the country earned nearly $7 billion from exports of various materials used…
Countdown begins for commissioning 23 wells in South Azadegan
SHANA — The National Iranian Drilling Company (NIDC) has about to complete sinking 23 development wells at South Azadegan Oilfield, an NIDC…
Envoy: Iran has developed economic ties with Iraq
IRNA – Iranian Ambassador to Baghdad Iraj Masjedi said on Wednesday that despite regional problems and conditions caused by COVID19 outbreak, Iran’s…
Iran, Turkey mull over ways of targeting $30bn trade
MNA – Head of Iranian President’s Office for Communications said that the two countries of Iran and Turkey mulled over ways of…
Iran calls for modifying Iranian banks guarantee with India Export Development Fund
IRNA – Iranian Economy Ministry suggested modifying the guarantee of the LC agreement between Iran banking system and India Export Development Fund.…
Iran produces 9.2m tons of steel ingot over past five months
IRNA – Iran produced some 9.2 million tons of steel ingot over the past five months of the current Iranian year (started…
25th Iran Oil Show to be held in October
SHANA — The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15. According to…
Iran taps its sovereign wealth fund to calm stock market jitters
Bloomberg – Iran will set aside 1% of its sovereign wealth fund to stabilize the country’s stock market after its main index…