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) – The United States has unveiled new illegal sanctions this time targeting an Iranian airline and the country’s shipping industry. The Trump administration announced Wednesday that it was targeting new sanctions on Mahan Air and Iran’s shipping industry over baseless allegations that Iran supports “terrorists” in Yemen, under aggression from Saudi Arabia. […]

TEHRAN (Iran News) – Tajikistan’s Finance Minister Qahhorzoda Faiziddin Sattor in a meeting with Tehran Ambassador to Dushanbe Taqi Saberi called for the development of mutual cooperation and economic relations. “Given the technical and export capacities of companies in Tehran and Iran in many areas, Dushanbe is ready to participate in the construction of joint […]

TEHRAN (Iran News) – China’s ambassador to Iran said American sanctions have failed to affect  Iran-China economic cooperation, adding that the value of bilateral trade reached almost $20 billion during the March 20-November 21 period. Chang Hua said China would continue to ignore US efforts to restrict Iran’s trade activity in the world, saying Tehran […]

TEHRAN (Iran News) – President Hassan Rouhani said on Wednesday Iran will overcome US sanctions by either bypassing them or through negotiations, and it will not cross its red lines in any talks. “The government is determined to defeat (the enemy) by bypassing America’s sanctions…or through various means including talks, but we will not cross […]

The President of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mir-Ashrafi put the trade balance of the country in the eight months of the current year (from March 21 to Nov. 22) at minus $1.3 billion.

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) – Head of Iraq’s Media Development Center Adnan al-Siraj said that the US has increasingly pressured Iraq to darken relations with Iran, and blasted Washington for treating Iraq as a US colony. “The US administration, including the president, foreign ministry and its embassy in Baghdad, has pressured Iraq” to darken ties with […]

TEHRAN (Iran News) – The number of foreign tourists visiting Iran’s Kohgiluyeh and Boyer-Ahmad Province rose by about 33 percent in the first eight months of the current Iranian year (started March 21, 2019), compared to the preceding period, the top provincial tourism official said. The provincial head of Cultural Heritage, Handicrafts and Tourism Department, […]

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 […]