TEHRAN (Iran News) – Germany shipments to Iran during the first 11 months of 2019 amounted to around €1.3 billion ($1.44 billion), preliminary data from the Statistics Office showed on Friday. Germany shipments primarily deliver machines, chemical products, food, and pharmaceutical products to Iran, reported Reuters. German imports from Iran reached some €191 million during […]

TEHRAN (Iran News) – The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metal sector and some senior government officials. Following Tehran’s retaliation for the assassination of Iranian Lieutenant General Qasem Soleimani, US Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced the new sanctions on […]

TEHRAN (Iran News) – Chief banker of Central Bank of Iran, said Tehran has devised alternative ways to bypass US embargoes against its foreign oil sale and to retrieve revenues. Abdolnaser Hemmati, the governor of the Central Bank of Iran (CBI), said Thursday that the government had been enjoying more foreign oil sale income in […]

TEHRAN (Iran News) – Iran’s Caretaker of Agriculture Ministry Abbas Keshavarz held a meeting with the China Ambassador to Iran Chang Hua to discuss the expansion of agricultural cooperation. In the meeting, Keshavarz noted that Iran and China have great potentials for increasing agricultural cooperation in a variety of fields, IRNA reported. “The two countries […]

TEHRAN (Iran News) – Raising income tax on the wealthy will help close the growing inequality between rich and poor and can be done without harming growth, the head of the IMF said. Kristalina Georgieva, the managing director of IMF, said higher marginal tax rates for the better off were needed as part of a […]

TEHRAN (Iran News)  – A lawyer form Pakistan has called for the government to be pushed on completing a gas pipeline with Iran at the earliest, Karachi-based Dawn newspaper reports.  Saifullah Muhib Kakakhel asked Peshawar High Court to seek a directive for the government to implement the much-delayed pipeline to pump Iranian natural gas to […]

TEHRAN (Iran News) – The Governor of the Central Bank of Iran (CBI) says the bank is fully controlling the foreign currency market and people should not have any worries over the exchange rates. “There are no worries regarding unpredictable shocks in the market and people don’t have to worry about sudden rises in the […]

TEHRAN (Iran News) – China will encourage the development of annuities and endowment insurance to diversify people’s investment into the stock market, instead of direct share purchases from savings, the government-backed Securities Times said. “The key consideration is to cultivate a multi-layer stock market,” the newspaper reported, quoting Xiao Yuanqi, spokesman of China Banking and […]

TEHRAN (Iran News) – Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq increased tensions in the Middle East after a US airstrike killed a top Iranian military commander. Oil prices of Brent crude futures LCOc1 soared to a high of $70.74 […]

TEHRAN (Iran News) – Director-General of the Office of Economic, Social and Environmental Studies at Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says the country’s renewable power plants have so far prevented the consumption of 1.3 billion cubic meters of natural gas in thermal power plants. Electricity generation from renewables in the […]