Dollar tumbles in Iranian market amid panic selling over US election fate
The American dollar has fallen by around a fifth against the Iranian rial as people flock to the markets to sell their…
Economy
Iran starts transferring Persian Gulf water to desert areas
President Hassan Rouhani on Thursday inaugurated the first phase of a major water desalination and piping of Persian Gulf water to central…
Iran, Afghanistan railways to link within next two weeks: Official
An Iranian transportation ministry official says a railway linking the country to neighboring Afghanistan will soon become operational. Abbas Khatibi told the…
Iran debt issuance up by 466% at over $3bn in half year to September: Report
The Iranian government has issued nearly $3 billion in new debt bonds in the half year to late September 2020, shows a…
Russia awards contract to Power Machines for work at Iranian power plant
Russia’s Power Machines has been awarded with a contract to build a major Iranian power plant on the coast of the Persian…
Dollar down 7% in Iranian market as US votes looms large
The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the…
Iran, Russia clinch new agreement to build Sirik Power Plant
New agreement was clinched between the Islamic Republic of Iran and the Russian Federation for the construction operation of Sirik Power Plant…
US-sanctioned Iranian plane lands in Venezuela -lawmaker, data
An Iranian plane owned by a company sanctioned by the United States for allegedly shipping weapons to Syria landed in Venezuela on…
Iran petchem output at over 35 mln tons in 7 month to late October
Iran has reported an 8-percent increase in its petrochemical output in the seven months ending October 21 despite problems faced in the…
Iran’s oil minister says Tehran’s oil industry will not yield to US pressure
Iran’s oil minister said on Twitter on Monday that Tehran’s oil industry will not yield to pressure from the United States. Minister…
US signals India’s work in Iran’s Chabahar port is exempt from sanctions
Keen to remove wrinkles ahead of the in-person Indo-US 2+2 ministerial meeting, the US has sought to assuage India’s concerns regarding Chabahar…
FATF bows to US pressure, agrees to toughen rules on Iran
The Financial Action Task Force (FATF), a global anti-money laundering watchdog, has agreed to a demand by the United Sates to toughen…
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…
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…