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. […]

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 […]