Back in 2012, the world’s best-managed pension fund was thrown a lifeline by the Danish government to help contain liabilities. That was when interest rates were still positive. Iran News quotes the analysis of Bloomberg. Seven years later, with rates now well below zero, even Denmark’s $440 billion pension system says the environment has become […]

Tehran (Iran News) – Iranian Energy Minister Reza Ardakanian plans to inaugurate 8 major power projects in the southwestern province of Kohgiluyeh and Boyer-Ahmad on Saturday. In a statement released on Friday, the Iran Power Generation Transmission and Distribution Management Company (Tavanir) announced that during Ardakanian’s visit to Kohgiluyeh and Boyer-Ahmad Province on Saturday, the […]

Tehran (Iran News) –Azerbaijani Economy Minister Shahin Mustafayev said on Saturday that Baku, Moscow and Tehran are preparing to create a North-South energy corridor. “A feasibility study is currently being prepared on the creation of the Azerbaijan-Russia-Iran ‘North-South’ energy corridor. All of these works expand our cooperation in the energy sector,” Sputnik news agency reported. […]

TEHRAN (Iran News) – Iran’s Finance and Economic Affairs Minister Farhad Dejpasand said banking reform plan has been prepared by the ministry and handed over to President Rouhani in late September. Speaking in a meeting with the CEOs of government-owned banks, Dejpasand noted that the ministry will follow up on the provided solutions in the […]

Iran’s stock market, for a long time dogged by US sanctions, has notched up a notable achievement: Ranking among the world’s best performing over the past 12 months, as domestic investors seek refuge from rampant inflation. A collapse in the rial against the dollar has triggered a huge spike in prices, with the official inflation […]

Iran’s Rial Rebounds Iran’s currency has appreciated 40% in the past year, the country’s central bank governor said, recovering from historic lows reached after the U.S. abandoned the 2015 nuclear deal and reimposed sanctions. The prices of the US dollar against the Iranian Rial saw a decline of around 10 percent from the closing hours […]

TEHRAN (Iran News) – Head of Iran Veterinary Organization Alireza Rafieipoor said that Iran produces over 15mn tons of livestock products annually. He made the remarks on the occasion of National Veterinary Medicine Week and added that his organization has achieved an annual production of over 15 million tons of red and poultry meats, eggs, honey and […]

Armenian Prime Minister Nikol Pashinyan said on Wednesday that Yerevan will continue talks with Tehran for expanding and broadening political and economic cooperation.

TEHRAN (Iran News) – Iranian Oil Minister Bijan Namdar Zanganeh said the country is planning to build petrochemical complexes as well as refineries in Jask Port in southern Iran. The minister made the remarks on the sidelines of a ceremony for signing several contracts between Petroleum Engineering and Development Company (PEDEC), an NIOC subsidiary, and […]

“I welcome any kind of financial and banking cooperation with member states to Eurasian Union. So, I suggest formation of a special task force for joint investment.” Iran News quotes Rouhani at the EAEU summit. EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. He also said that the international community must counter the United States’ […]