TEHRAN (Iran News) – The Iranian government is planning to form specialized anti-money laundering working groups to intensify the country’s campaign against financing terrorism, spokesman for the Iranian government Ali Rabiei said on Tuesday. Highlighting ratification of appending article 14th of anti-money laundering law as a prominent step by the government to root out corruption, […]

TEHRAN (Iran News) – Managing Director of the National Iranian Oil Company (NIOC) Masoud Karbasian said NIOC has managed to attract 80 trillion rials (about $1.9 billion) of funding for oil projects through the stock market during the past eight months. “We need financial resources to carry out oil projects and to finance such projects […]

TEHRAN (Iran News) – Secretary General of Iran-South Korea Joint Chamber of Commerce says U.S. sanctions against Iran have adversely affected commercial relations with Korea. Speaking to ILNA news agency, Pouya Firouzi added “The government and private sector of Korean pharmaceutical companies want to have relations with Iran, so in this circumstance we can easily […]

TEHRAN (Iran News) – Pakistani Health Minister Zafar Mirza expressed hope that Iran and Pakistan would expand cooperation in the pharmaceutical industry. He made the remarks on expanding pharmaceutical trade with Iran in his meeting with Iranian Health Minister Saeed Namaki on Tuesday. Expansion of Iran-Pakistan health and medical cooperation can help reduce infectious and non-communicable […]

TEHRAN (Iran News) – Head of Iran’s Planning and Budget Organization (PBO) said 430 trillion rials (about $10.2 billion) is going to be allocated for development projects in the next year’s budget plan, up 53 percent from the figure for the current year. “We intend to invest as much as we can in development sector […]

TEHRAN (Iran News) – The Eram gas field, recently discovered south of Fars Province, southern Iran, is estimated to hold 19 trillion cubic feet (540 billion cubic meter) of natural gas in its reserve, according to NIOC. Entitled as Eram, the gas field is estimated to hold 19 trillion cubic feet (540 bcm) of natural […]

TEHRAN (Iran News) – Iranian Energy Ministry has announced new regulations on guaranteed purchase of electricity from the country’s renewable power suppliers, IRIB reported on Sunday. Based on the new regulations, the ministry has increased the price for the guaranteed purchase of electricity from renewable power plants in order to promote construction of such plants […]

TEHRAN (Iran News) – A senior official with Iran’s agricultural ministry said Iran’s rural women cooperatives have played a key role in reviving the country’s textile industry, rural livelihoods, and overall well being. Hossein Shirzad, who is also the chief executive officer of the Central Organization for Rural Cooperatives of Iran (CORC), said Iran’s rural […]

TEHRAN (Iran News) – Iran’s business environment witnessed a slight improvement in the summer which is the second quarter of the current Iranian calendar year (June 22-September 22) compared with the previous quarter, a survey was undertaken by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) show. As reported by the ICCIMA portal, the […]

TEHRAN (Iran News) – Iran’s seed production tops 6000 tons in the current Iranian calendar year (started March 21), according to the country’s deputy agriculture minister. Hossein Shirzad, who is also the chief executive officer of the Central Organization of Rural Cooperatives of Iran (CORC), said the country’s agro-industries corporations have succeeded in producing more […]