Transit costs drop 50% on reopening of Iraq-Syria crossing
Financial Tribune – The reopening of the Abu Kamal-Qaim border crossing between Syria and Iraq will reduce transit costs between Iran and…
Economy
Azerbaijan, Russia, Iran set to launch energy corridor
MNA – Azerbaijani Economy Minister Shahin Mustafayev said on Saturday that Baku, Moscow and Tehran are preparing to create a North-South energy…
NISOC ready to maximize oil output
SHANA — The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production…
Pistachio derivatives market opens next week
Financial Tribune – Iran Mercantile Exchange plans to launch a pistachio futures contract in the coming week, a deputy at the IME…
Words versus deeds: Are White House sanctions on Iranians economic terrorism?
MNA | Afshin Majlesi: Tehran accuses Washington of launching economic terrorism against Iranian people; a claim that the US denies. On the one…
Petropars to develop SP.11 alone as China pulls out
MNA – Iranian Oil Minister Bijan Zangeneh said Sun. that China’s CNPC International had pulled out of a contract to develop South…
Iran’s branches of power cooperating to offset sanctions: VP
Tasnim – Iran’s Vice President for Parliamentary Affairs Hossein Ali Amiri highlighted the administration’s determination to help resolve the people’s economic problems…
Iran’s Homa posts operating profit despite US sanctions
Press TV – Iran’s largest airline IranAir has reported an operating profit for the year ending in March 2019 despite a surge…
Iran’s Bank Mellat rejects reports it got $1.6bn from UK Treasury
Press TV – Iran’s Bank Mellat has issued an official statement rejecting reports that it had received compensations of up to $1.6…
Iran will use every possible way to export its oil: SHANA
Reuters – Iran will use every possible way to export its oil, Iranian Oil Ministry’s website SHANA quoted Oil Minister Bijan Zanganeh…
Iran Khodro company produces home-made car engine
FNA – Iran’s giant car-maker Iran Khodro manufactured a home-made engine named EC5 which can reduce fuel consumption in Peugeot 301 passenger…
Iran, Germany to cooperate on Chabahar transport
FNA – Iranian Industrial Management Institute, Chabahar International University and Chabahar specialized University of Navy and Marine Sciences signed an agreement with…
Turkish-Iranian trade to bolster
MENAFN – Looking to lock a USD30 billion trade target, Turkey and Iran will reinforce their cooperation in the trade field, as…
Central Bank of Iran restricts ownership of banks’ shares
Financial Tribune – In line with efforts to help promote corporate governance and protect the rights of bank depositors and shareholders, the…
Trump’s use of sanctions is nothing like Obama’s
Foreign Policy | PETER E. HARRELL: Two and a half years into Donald Trump’s presidency, there is no doubt that economic sanctions are…
Why Iran pays more for each kilogram of European medicine
Bourse and Bazaar | Esfandyar Batmanghelidj: Since the year 2000, Iran has about doubled its annual imports of pharmaceutical products from the European…
Zangeneh: GECF fulfilling duties in global arenas
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said that the Gas Exporting Countries Forum (GECF) was performing its duties in the…
Iran’s rial rebounds despite tightening Trump sanctions
Bloomberg – Iran’s currency has appreciated 40% in the past year, the country’s central bank governor said, recovering from historic lows reached…
UK uses 3rd country to settle Iranian bank’s $1.6bn damage claim: Report
Press TV – The United Kingdom has used a third country to evade the US sanctions as it paid Iran’s Bank Mellat…
US Secretary Pompeo pressures Italy for action on Iran’s Mahan Air
Press TV – US Secretary of State Mike Pompeo has sought to convince Italian officials that they should comply with Washington’s sanctions…
Iran denies ships carrying grain are held up outside ports over payment
Press TV – Iranian authorities have rejected reports suggesting that ships carrying imports of food and grain have been stuck outside two…
Indian FM says Delhi to stick to economic ties with Tehran
IRNA – The minister of external affairs of India said in a speech in the United States that his country will continue…
Iran: Farmed sturgeon meat, caviar output projected to increase
Financial Tribune – Iran’s production of farmed sturgeon meat is expected to reach 3,400 tons by the end of the current Iranian…
Imam Khomeini Port operations rise 59%
Financial Tribune – A total of 23 million tons of goods were loaded and unloaded at Imam Khomeini Port in the southern…
UK settles Iran’s $1.6b damage claim
IRNA – Iranian Bank Mellat in a letter to Securities and Exchange Organization announced that HM Treasury has settled Iran’s damage claim…
US shoots itself in foot by sanctioning Iran oil buyers
Press TV – Data from November trade shows rates for shipping US oil to Asia hit more than a three-year high amid…
Trump’s top sanctions official departing for private sector
Bloomberg – The U.S. Treasury Department’s top sanctions official, Sigal Mandelker, plans to leave the Trump administration after helping to increase the…
PM: Border trade cooperation with Iran important to Armenia
FNA – Armenian Prime Minister Nikol Pashinyan stressed his country’s willingness to further broaden ties with Iran, saying that Yerevan attaches importance…
Ground paved for expansion in regional trade: Iran FM
ISNA – Iran’s Foreign Minister, Mohammad Javad Zarif announced that important progress has been made in the Eurasian Economic Union (EAEU) Summit…
Indonesian food giant to launch coffee production factory in Iran
Press TV – A world-known Indonesian food and beverage company is going on with a plan to launch a factory for its…
Iran says oil market back to normal after Saudi attack
Reuters – Iran’s Oil Minister Bijan Zanganeh said during a trip to Moscow on Wednesday that the global oil market was in…
Ships with one million tonnes of grain stuck outside Iran’s ports in payment crisis
Reuters | Jonathan Saul, Parisa Hafezi: More than 20 ships carrying around one million tonnes of grain are stuck outside Iranian ports as…
Gold coin prices fall 30% in 1 year
Financial Tribune – Gold coin prices fell 30% in the past 12 months from 55 million rials last October to around 40…
Tehran stocks nudge 0.4% higher
Financial Tribune – Most symbol tickers of Tehran Stock Exchange began trading in green on Tuesday, with the benchmark rising more than…
Oil, gas not weapons: Zangeneh
SHANA – Iranian Minister of Petroleum Bijan Zangeneh told a specialized panel at the Russian Energy Week: “We believe that oil and…
Iranian home buyers dodge sanctions, make Turkey their plan B
Reuters | Emily Wither, Ezgi Erkoyun: Iranians in Turkey are finding ways to sidestep laws in their home country to buy properties and…
Zangeneh says would stress de-politicization of energy market in Moscow
SHANA — Iranian Minister of Petroleum Bijan Zangeneh said he would call on his Russian opposite number to prevent politicization of the…
Iran exports $289m of handicrafts
IRNA – Deputy Minister for Cultural Heritage, Handicraft, and Tourism Pouya Mahmoudian said on Monday that dlrs. 289 million of handicrafts have…
NIOC to continue signing oil contracts with local firms
SHANA — The CEO of the National Iranian Oil Company (NIOC) said the company was to sign 9 contracts with domestic companies…
Iran: Food price changes evaluated
Financial Tribune – The Statistical Center of Iran has released a report reviewing price changes of food products in the Iranian month…