CBI launches legal campaign against Bahrain to restore Iran assets
The Central Bank of Iran (CBI) has invoked a previously signed agreement between Iran and Bahrain to retrieve investments it did in…
Economy
Iran earmarks $80 million in cheap loans to home businesses
The Iranian government has approved to allocate a fixed budget for dispensing loans to home businesses as the country seeks to provide…
Iran opens large energy port on Persian Gulf
Iran’s Oil Ministry has brought online a major port on the Persian Gulf coast to expedite exports of petroleum products from the…
Spokesman rejects Bahrain’s Ruling against Central Bank of Iran
The spokesperson for the Iranian Foreign Ministry vehemently rejected the accusations that a Bahraini court has leveled against the Central Bank of…
Iran’s July exports steady as OPEC pumps record crude: Report
Iran has pumped steady amount of crude in July despite a 15-month record production reported by the Organization of Petroleum Exporting…
Iran opens West Asia’s longest road tunnel
Iran has opened the longest road tunnel in West Asia region, the Alborz tunnel, a project that has cost more than $160…
Iran-Syria agreement to help bilateral economic interests: Ghalibaf
Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that agreement between the two countries of Iran and Syria will help strengthening and enhancing…
Crypto mining machines could flood into Iran amid China crackdown, official warns
A senior Iranian Energy Ministry official has warned against the flood of illegal cryptocurrency mining machines into the country amid an intensifying…
Iran reports 10% surge in loading/unloading operations at ports
Figures by Iran Ports and Maritime Organization (PMO) show loading and unloading operations at ports located south and north of the country…
Iran formally opens oil terminal outside Strait of Hormuz
Iran has formally inaugurated its new crude oil export terminal on the Sea of Oman, a project hailed by President Hassan Rouhani…
Iran petrochemical sector fights its way out of US chokehold
Iran’s petrochemical revenues will top a record $20 billion in the current Persian year of 1400 which ends on March 20, 2022,…
Iran urges South Korea to resolve banking problems, release frozen assets
The persistent problems in financial transactions with South Korea have damaged the trust of the Iranian people, President Hassan Rouhani said, calling…
1st shipment of Iran oil from Oman Sea to be loaded on Thur.
The loading operations of the first shipment of Iranian oil export from Sea of Oman will begin on Thursday, July 22. CEO…
High oil prices won’t benefit producers in long-run: Iran’s Zanganeh
Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts…
Iran steel exports rise 128% in 3 months
– Iran exported 2.78 million tons of finished and semi-finished steel products during the first quarter of the current Iranian calendar year…
US waives Iran oil trade sanctions, gives Tehran access to frozen funds to pay off Japanese, Korean exporters
The US State Department has reportedly informed Congress of its decision to waive sanctions on Iran’s oil trade so that Tehran can…
Iran opens nearly $1bn worth of housing projects
Iranian President Hassan Rouhani has rolled out over 51,000 new houses across the country as part of an affordable housing project that…
Learn about infertility treatment methods (IVF, ICI and IUI)
Carefultrip, an umbrella providing every patient with absolute medical care. A professional team consisting of experienced specialists and physicians who value patients’…
Iran’s transportation ministry confirms cyber attack, says probe ongoing
Iran’s transportation ministry has confirmed a cyber attack targeted its internal websites and parts of its online infrastructure on Saturday, saying an…
Iran’s new envoy to UK says economic ties will be high on his agenda
Iran’s new ambassador to the United Kingdom says his top priority will be to work to improve economic relations between Tehran…
Iran reduces power supplies to industries to minimize blackouts
The Iranian government has decided to significantly reduce electricity supplies to industries as it struggles to minimize power outages in large cities…
Iran awards $344 mln pet coke contract to domestic refinery
Iran’s Oil Ministry has contracted a domestic refinery for production of a bulk of the petroleum-based needle coke it needs to make…
Russia seeks closer energy cooperation with Iran
Closer cooperation between Russia and Iran in the oil and energy industries would enable them to stand against the Western sanctions, the…
Iran to return to oil market as soon as sanctions lifted: Oil minister
Iranian Minister of Oil Bijan Zanganeh said that Islamic Republic of Iran will swiftly return to the global oil market after sanctions…
Iran’s GDP could grow by 3.5% this year if JCPOA revived: Report
The Institute of International Finance (IIF) has estimated that Iran’s economy will continue to grow by a modest rate of 3.5% this…
Iranian insurance industry awaiting international companies
Although the history of insurance in the Iranian economy dates back to almost 90 years ago and Iranian insurance companies have been…
Global market begins to make room for Iranian oil barrels
The market has begun making room for Iran’s oil even as reports from Vienna have a dim view of the US folding back…
Iran’s agrifood exports up 2% y/y in April-May to $896 mln: MAJ
Iran has reported a slight increase in agrifood exports in the two months to May 21 despite continued restrictions imposed at borders…
Iran allocates 417 mln for rental assistance amid pandemic
The Iranian government has released some $417 million in rental assistance under the country’s coronavirus rescue package. The allocation of the fund was…
Oil, Gas Industry Innovation, Technology Park starts operating
Oil and Gas Industry Innovation and Technology Park has been officially inaugurated with the aim of developing technologies and expanding cooperation among…
Iran using limited electricity supplies from Azerbaijan to prevent outages
Iran is using limited supplies of electricity from neighboring Azerbaijan to prevent a recurrence of brief power cuts that surprised the households…
Iran capable of immediately restoring oil output to pre-sanctions levels: Official
Iran will be able to immediately restore its crude oil production to levels seen before US sanctions hit the country in 2018,…
Iran crude revenues nearly doubled in quarter to December, CBI figures show
Latest economic performance data released by the Central Bank of Iran (CBI) show the country nearly doubled its crude revenues in the…
Iran’s port capacity up nearly 40% in 7 years: Ports authority PMO
Iran’s Ports and Maritime Organization (PMO) says cargo handling capacity at ports south and north of the country rose by nearly 40%…
Akbar Komijani takes over as Iran central bank chief
ran’s Cabinet has assigned Deputy Governor of the Central Bank of Iran (CBI) Akbar Komijani with the responsibility to run the bank…
Iran joins Azerbaijan in reconstructing newly liberated areas
The Iranian energy minister Reza Arkanian said Mon. that the Iranian companies will participate in reconstructing newly liberated regions in the Azerbaijan…
Iran, Iraq reach agreements on customs affairs, JV
Ministerial delegations from Iran and Iraq agreed on plans to promote cooperation on customs affairs, pave the way for joint investment, and…
Iran, Russia to develop fishery ties in Caspian Sea, Persian Gulf
Iranian Minister of Agricultural Jihad Kazem Khavazi and Head of the Federal Agency for Fishery of Russia Ilya Shestakov agreed to develop…
Tehran, Moscow call for joint investment in agriculture
Minister of Agriculture of the Russian Federation, Dmitry Patrushev, and Iranian agriculture minister Kazem Khavazi emphasized the development of cooperation between the…
CBI Governor says Luxembourg Court lifts seizure on Iran’s assets
The Supreme Court of Luxembourg has upheld ruling in lifting the seizure of Central Bank of Iran’s assets meaning that Iran’s assets…