TEHRAN (Iran News) – The Governor of the Central Bank of Iran said the import of foodstuff and medicine into the country has not run into trouble despite the US sanctions. In an address to a conference on global economy and sanctions, Iran’s top banker, Abdonnaser Hemmati said the necessary arrangements have been made to […]

TEHRAN (Iran News) – Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country’s banking system has been prepared by the ministry and handed over to President Rouhani in late September. And on last Monday, the minister announced the start of the banking system reform in the […]

TEHRAN (Iran News) – 70 tons of Iran’s saffron export, valued at $78 million during the first five months of the current Iranian calendar year (March 21-August 22), according to an official in the Ministry of Agriculture. The delicate purple leaves of the Crocus sativus plant hold just three or four of the even more […]

The head of Iran’s Plan and Budget Organization highlighted efforts to reduce the country’s reliance on oil revenues and said the national budget of the next Persian calendar year (March 2020 – March 2021) will not be dependent on oil incomes at all.

TEHRAN (Iran News) – Iran has discovered an important offshore gas field in its southern region, according to a report on Wednesday. The offshore gas field has been discovered 3,900 meters deep in the ground, and it is said to be capable of production for 16 years of gas consumption in capital Tehran. Seyed Saleh […]

TEHRAN (Iran News) – The number of trading codes at Iran’s stock market has reached 13 million, according to the latest data released by the officials from Iran’s Securities and Exchange Organization (SEO). Also as announced by SEO Head Shapour Mohammadi, 300,000 persons are conducting trades at this market per week, of them 20,000-30,000 persons […]

TEHRAN (Iran News) – Iranian First Vice-President Eshaq Jahangiri said that despite the US government’s severe sanctions against the country, the Islamic Republic’s economy is moving toward a better and more stable situation. “Despite the US’ imposition of tough sanctions, Iran’s economy is moving toward stability and improvement,” Jahangiri said in a speech in Tehran […]

China’s state oil firm has pulled out of a $5bn deal to develop a portion of Iran’s massive offshore natural gas field, the Islamic republic’s oil minister said on Sunday, an agreement from which France’s Total SA earlier withdrew over US sanctions. The South Pars field deal, struck in the wake of Iran’s 2015 nuclear […]

Tehran (Iran News) – Iranian Oil Minister Bijan Namdar Zanganeh said the country plans to construct an LNG park with an annual capacity to produce three million tons of liquefied natural gas. “We are planning to enter the LNG industry tapping into domestic capabilities and with the help of Iranian companies to build an LNG […]

TEHRAN (Iran News) – Iran’s First Vice President Es’haq Jahangiri said the government needs private sector for progress and development in the country. He made he remarks in a meeting with the heads of the country’s Chambers of Commerce, Industries, Mines and Agriculture in Tehran on Saturday, for discussing the private sector’s contribution in the […]