TEHRAN (Iran News) – A key petrochemical company in Iran significantly increased its production of polyethylene terephthalate, or PET plastic, allowing the country to resume export of a product which has a high demand in bottling and textile industries. Reza Qassemi Shahri, who serves as the CEO of Shahid Tondgooyan Petrochemical Company (STPC), said that […]

TEHRAN (Iran News) – Commander of the Islamic Revolutionary Guards Corps (IRGC) Aerospace Force Brigadier General Amir Ali Hajizadeh said that with the major measures taken, Khatam-al Anbiya Construction HQ has nullified the impact of all cruel sanctions imposed by enemies against the Islamic Republic of Iran. He made the remarks on Thu. on the […]

TEHRAN (Iran News) – Deputy Coordinator of the Islamic Republic of Iran’s Army, Rear Admiral Habibollah Sayyari said that self-reliance in the field of producing maritime equipment is the salient achievements of the Islamic Revolution. He drew a comparison between the situation of the Armed Forces before and after the Islamic Revolution and said, “if […]

TEHRAN (Iran News) – IRGC Chief Major General Hossein Salami said on Wednesday that “we are trying to turn ‘economic resistance’ into ‘resistance economy’ to reverse the trend of the US sanctions.” “Foreign companies’ leaving Iran gave us a chance to indigenize technology and now they [enemies] see our independence,” he said. He added that […]

TEHRAN (Iran News) – Iran’s petrochemical exports have increased 1.5 times over the past six years in view of the completion of a number of projects within the same time span. This has helped Iran improve its status in international petrochemical markets, raise its exports of raw materials and boost production of downstream products, according […]

TEHRAN (Iran News) – The vice-speaker of the Iranian Parliament said on Tuesday that one of the best ways to overcome the consequences of the U.S. sanctions is trusting on the country’s talents. Addressing an open session of Majlis, Masoud Pezeshkian said, “This is very important to pay due attention to scientists and science-based companies.” […]

TEHRAN (Iran News) – The main index at Tehran Stock Exchange (TSE), Iran’s chief bourse, has risen to a record high, despite a recent surge in the prices of foreign exchange, which could have caused a fall in share investments. It said the price index, TEPIX, had also rallied by 1,737 to stand at 102,799 […]

TEHRAN (Iran News) – There is no serious shortage of medicine or medical equipment in Iran, Minister of Health Saeed Namaki said. Speaking to reporters on Monday, the health minister said Iran has not faced any severe shortage of medicine although the enemies have waged an economic war against the country. The medicine shortage at […]

TEHRAN (Iran News) – The governor of the Central Bank of Iran (CBI) says prices of foreign currencies, forex, will return to normal levels in the very near future despite growing speculations that have affected the market over the past days. Abdolnasser Hemmati said on Monday that prices in the forex market had surged over […]

TEHRAN (Iran News) – Head of Iran’s Plan and Budget Organization Mohammad Baqer Nobakht highlighted the country’s measures to export a million barrels of crude per day in the next Iranian calendar year (March 2020 – March 2021) and said the country has taken new paths for overcoming the sanctions. Speaking to reporters in Tehran […]