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 […]

TEHRAN (Iran News) – Head of handicrafts, carpet and tourism committee of Iran Chamber of Cooperatives Mr. Abdollah Bahrami believes by a good and wise planning, carpets and handicrafts can replace oil sales revenues in the country and reduce reliance on oil revenues. Bahrami in a joint press conference with the managing director of Talfigh-e […]

TEHRAN (Iran News) – The Iranian parliament has withdrawn a motion to impeach Oil Minister Bijan Namdar Zanganeh a month after he was accused of ignoring the will of the lawmakers before announcing a controversial fuel price hike. “Given negotiations (held between) lawmakers and the current situation of the country, the impeachment of oil minister […]

TEHRAN (Iran News) – An official in Iranian Chamber of Cooperative put the export of handwoven carpets at $30 million in the first four months of the current Iranian calendar year (March 21 – July 22). Abdollah Bahrami, Chairman of the Committee on Carpet, Handicrafts, and Tourism of Iranian Chamber of Cooperative added that $420 […]

TEHRAN (Iran News) – New evidence suggests that Iran’s exports of various metals and mining products to China have significantly increased this year amid government efforts to broaden its access to new sources of hard currency at a time of increased American pressure on the oil industry. Iran’s Ministry of Industry, Mine and Trade (MIMT) […]

TEHRAN (Iran News) – Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran is exporting oil products due to the development of its gas supply know-how and giant South Pars (SP) field. Iran has various gas resources and 95 percent of the population has direct access to the gas network, Zanganeh said, reported IRNA. […]