TEHRAN- Iran’s annual budget plan for the next Iranian calendar year of 1398, which starts on March 21, 2019, is to be prepared considering all the domestic and international economic conditions of the country in a bid to tackle the new round of U.S.-led sanctions and to meet the Iranian nation’s expectations, Tasnim news agency […]

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil […]

TEHRAN – The 18th edition of International Exhibition of Automobile and Relate Industries (Iran Motor Show 2018) kicked off on Tuesday at the northeastern city of Mashhad, IRNA reported. Over 100 Iranian companies along with 30 foreign exhibitors from different countries are participating in this year’s event at Mashhad’s international exhibition center. Various specialized forums […]

Tehran’s provisional Friday Prayers Leader Ayatollah Mohammad Emami Kashani stressed that in the face of the US, Zionist regime, and Saudi Arabia’s economic war, people should remain vigilant, calling on the authorities and private sector to do their own duties to confront the plots. Calling on Iranian judiciary to seriously fight against corruption, Emami Kashani said […]

Iranian Minister of Petroleum Bijan Zanganeh has sent a letter to OPEC president, complaining about some members’ attempts to redistribute over-conformity in production adjustment level among themselves, and attempts to hand over OPEC countries’ over-conformity to non-OPEC countries. In the letter addressed to Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of United Arab […]

TEHRAN- Papermaking in Iran rose 32 percent to 770,000 tons in the past Iranian calendar year (ended on March 20) from its previous year, according to an official with the Ministry of Industry, Mining and Trade. Mohammad-Ali Esfandiari, the deputy director of chemical industries office of the ministry, also said that packaging paper making hit […]

The deputy minister of petroleum for international affairs said late Wednesday that Iran welcomes continuation of talks with Pakistan on the gas pipeline project. Amir Hoseein Zamani-Nia added that Tehran-Islamabad ties have always been historic and brotherly and their religious and cultural bonds serve as the biggest backbone for the two governments’ friendly ties, especially […]

Anvar Kamari, the Iranian Commercial Attaché in Indonesia said that Iran’s non-oil export to Indonesia has increased 86% by value and 52% in weight. “In the first quarter of the current Iranian calendar year of 1397, Iran’s non-oil export to Indonesia has increased 86% by value and 52% in weight comparing to the corresponding period […]

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States. China has consistently opposed unilateral sanctions and “long-armed jurisdiction”, the ministry said in a statement faxed to Reuters. The United States […]

China on Wednesday posted a forecast-busting surge in exports for July but while its surplus with the US dipped slightly there was a warning that the full impact of US sanctions was yet to be felt. The figures come as the world’s two largest economies exchange threats of stiff duties on billions of dollars worth […]