TEHRAN (Iran News) – Iran’s daily consumption of gasoline has dropped by almost a sixth more than a month after the government announced its controversial fuel price hikes. A senior Oil Ministry official said on Monday that the total gasoline pumped into the cars across the country had decreased to 75.5 million liters a day […]

TEHRAN (Iran News) – Iran’s Transportation Minister Mohammad Eslami announced that his country will add new passenger plane to its fleet in the near future despite the fact that the US unilateral sanctions are barring foreign companies and entities from selling anything related to civil aviation to Tehran. Speaking to reporters on Sunday, Eslami announced […]

Iran Foreign Minister Mohammad Javad Zarif on Sunday hailed as “unbreakable” ties with India during his meeting with India’s visiting top diplomat Subrahmanyam Jaishankar in Tehran.

TEHRAN (Iran News) – Iran is planning to turn Payam Special Trade Zone into the country’s first digital economic region, an official has declared that on Sunday. “Establishment of an IT and ICT town and an export and import hub will turn Payam into the first digital special trade zone,” Managing-Director of Payam special trade […]

TEHRAN (Iran News) – President Hassan Rouhani on Saturday called on Japanese companies to invest in Iran as he wrapped up his two-day state visit to Japan. Before leaving for Tehran, Rouhani held a meeting at a Tokyo hotel with Japanese business leaders, during which he criticized US sanctions and expressed hope for strengthening long-standing […]

TEHRAN (Iran News)- Armenia’s Ambassador to Iran Artashes Toumanian in a meeting with Iranian Minister of Labor, Cooperatives and Social Welfare Mohammad Shariatmadari voiced Armenia willingness to broaden economic and trade ties with Iran. “My country, Armenia intends to develop economic ties with the Islamic Republic of Iran,” Toumanian said during the meeting in Tehran […]

TEHRAN (Iran News) – In an open Parliament session, Abdolnaser Hemmati, the Governor of the Central Bank of Iran (CBI) announced his disagreement about the Islamic Banking Plan, generalities of which was ratified by the Iranian Parliament members on Tuesday. “Under the conditions that the CBI is sanctioned, its structure must not be changed via […]

TEHRAN (Iran News) – The Iranian parliament (Majlis)’s Planning and Budgeting Committee on Monday approved the 1.988 quadrillion rials (about $473.5 billion) national budget bill for 1399, the next Iranian calendar year, starting March 20, Shana reported, quoting a member of the committee as saying. According to Shahbaz Hassanpour, the committee will start assessing the […]

TEHRAN (Iran News) – Managing director of Imam Khomeini Airport City said over 50 Iranian companies have registered to invest in the IKAC’s development as a free zone. Speaking on the sidelines of the 4th International Exhibition of Transportation, Logistics and Related Industries at Tehran’s Grand Mosalla on Monday, Rostami said, “There are many investment […]

TEHRAN (Iran News) – Unilateral US sanctions imposed on Iran’s oil sector will fail to impact the domestic economy if the country completes the implementation of its major refinery projects and reduces its exports of crude oil through increasing production of petrochemicals, said an Iranian MP. Speaking to Iran Daily in an exclusive interview, Ali […]