TEHRAN (Iran News) – Iranian Oil Minister Bijan Zangeneh said the country’s petrochemical exports were at a satisfactory state. According to ICANA, Zangeneh said that over 95% of petrochemical companies could cash their exports in. The official said that exports of petrochemicals and receiving their money was at a satisfactory state in Iran, adding as […]

TEHRAN (Iran News) – Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures LCOc1 fell by 14 cents, or 0.2%, to $59.28 a barrel by 0517 GMT. […]

TEHRAN (Iran News) – Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati said that the body continues its work despite the US’s sanctions imposed on it. Speaking in a local event in Tehran on Sunday, Hemmati said that despite sanctions against the country and CBI being at its peak, Iran’s forex market has calmed […]

TEHRAN (Iran News) – China’s economic growth dropped last quarter to its lowest level in nearly three decades, as the world’s second largest economy continues to feel the pain from the trade war with the United States. According to CNN, China’s gross domestic product grew by six percent in the three months to September 30, […]

TEHRAN (Iran News) – Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said attempts aimed at blocking Iran’s oil industry have gotten nowhere. “A lot of efforts were made to halt the development of Iran’s oil industry under the conditions of sanctions,” Iran News […]

TEHRAN (Iran News) – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said on Saturday morning that believers’ firm stance on the right path will certainly result in the promotion of the country and prosperity of mankind worldwide. The supreme Leader remarks came in a mourning ceremony marking the Arbaeen ritual, an event falling […]

TEHRAN (Iran News) – Islamic Republic of Iran’s export steel ingot and products in the first six months of the current Iranian calendar year goes up to 3,488,867 tons(from March 21 to Sept. 22), showing a three percent growth as compared to the last year’s corresponding period. Statistics showed that Esfahan’s Mobarakeh Steel Company (EMSCO), […]

TEHRAN (Iran News) – The National Iranian Oil Company (NIOC) CEO said his company was considering the use of a variety of securities and new methods of financing to attract public capitals to accelerate implementation of oil and gas projects. According to National Iranian Oil Company , Masoud Karbasian stated, “The National Iranian Oil Company, […]

TEHRAN (Iran News) – In its latest report of World Economic Outlook, International Monetary Fund (IMF) announced that Iran’s economic growth has decreased -9.45 percent in 2019. IMF also forecast that Iran’s unemployment and inflation rates in 2019 have increased 35.6 and 16.7 percent respectively. The international monetary body put Iran’s economic growth in 2019 […]

TEHRAN (Iran News) – Chief Executive of Aras Free Trade-Industrial Zone Mohsen Nariman said late on Tue. that export of manufactured products in the zone has increased 65 percent at large in the first six months of the current year (March 21-Sept. 22), showing a considerable growth as compared to the last year’s corresponding period. […]