The Head of Budget and Planning Organization Mohammad Baqer Nobakht announced on Saturday that the budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) will be submitted to the parliament on December 30, 2018 or January 1, 2019, Tasnim news agency reported. The official added that the prepared budget bill, […]

During weekdays ending up to December 20, approximately 269,869 million tons (MT) of commodities worth over $285 million were traded on Iran Mercantile Exchange (IME). According to the report from IME International Affairs and Public Relations Department, last week, on the domestic and export metal and mineral trading floor of IME, 99,699 MT of various […]

 Some 12 hospitals in the northwestern city of Mashhad, Khorasan province, have so far gained the license to admit international patients, a senior official said. Mohammad Esmail Khayami, the head of Medical Tourism Department at Mashhad University of Medical Sciences, said on Saturday that some 12 hospitals have been granted the permits to offer medical […]

 Iran exported 8,000 tons of pistachio during the past two Iranian months (Oct. 23- Dec. 21), indicating a drastic decline in comparison with the similar period of last year, a senior official said. Mahmoud Abtahi, chairman of the board of directors at the Iranian Pistachio Association, said the figure shows an 83% drop comparing to […]

 Iran’s new Ambassador to China Mohammad Keshavarzzadeh said economic relations with Beijing are of great importance to Tehran, calling for boosting all-out cooperation between the two countries. In a Friday meeting with Iranian traders and entrepreneurs residing in China, Keshavarzzadeh referred to the longstanding historical, cultural and economic relations between Iran and China, adding that […]

The United States has extended for 90 days a waiver given to Iraq from sanctions against Iran, a State Department spokesman said on Friday, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production. The extension was reached on Thursday, when a previous 45-day waiver was due to expire, during a […]

India will use escrow accounts of five Iranian banks held with UCO Bank Ltd. to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions, according to people with knowledge of the matter. Iran will use part of the deposits for purchasing essential goods from India and to meet expenditure incurred […]

Iranian rescue teams managed to tow a cargo ship named “NARGOL” into a pier off the northwestern city of Astara after it was reported in distress in the Caspian Sea, the governor of Astara said on Friday. Speaking to the Tasnim News Agency, Younes Ranjkesh said the freighter was damaged in Astara Port around noon […]

Iran’s nominal capacity to produce electricity has reached over 80,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past weeks. With the coming into service of several new power plants, Iran’s overall nominal capacity to generate electricity has reached 80,053 MW. The latest increase of […]

Switzerland is close to launching a payments channel to let companies sell food, medicine, and medical devices to Iran in the face of US sanctions. According to the Financial Times, the Swiss initiative has US approval and rivals EU’s promised trade mechanism that is said to bypass US sanctions against Iran. According to the report, Bern’s […]