TEHRAN- According to a new order by Iran’s Oil Minister Bijan Namdar Zanganeh, a four-year service term limit will be imposed for the ministry’s senior directors since October 23, Shana news agency reported.As reported, the new order applies to managing directors, board members, deputies and senior executives. The rule will affect the National Iranian Oil […]

Central Bank of Iran (CBI) said in a statement on Sunday that recent developments in foreign exchange and gold markets have nothing to do with economic realities and the country’s currency strength.The statement asserted that based on its legal and inherent duty, CBI is closely monitoring developments in the currency market manly rooted in the […]

Secretary of Iran’s Supreme Council of Cyberspace, Abolhassan Firouzabadi, said Sun. that digital currency will be regulated and made official in the country in the near future. He made the announcement on the sidelines of ELECOMP 2018 exhibition currently underway in Tehran, saying that the decision was made during a session of the Supreme Council of Cyberspace on […]

Hossein Ashouri, deputy director of the Islamic Republic of Iran Railways, said that the US sanctions will never affect Iran’s railway cooperation with Russia, and its contacts will continue expanding. The previous sanctions weren’t able to affect the countries’ cooperation in the field of railway construction, he told Sputnik on Sunday. Ashouri also stressed that […]

US decision to put carpet on sanctions list is against international protocols and Iran will lodge a lawsuit against US in international bodies, said Fereshteh Dastpak, head of Iran National Carpet Center. She made the remarks on the sideline of the inauguration of the first Tabriz carpet exhibition in Tehran on Saturday. Hand-woven Iranian carpet […]

 According to Iranian Customs statistics of foreign trade, during the first quarter of current Iranian year more than 56 tones of any kinds of saffron worth $77.401 million were exported abroad. The statistics show that each gram of the exported saffron worth $1.37 during the period, compared to the same period last year which was 36 […]

Renault SA is shaping up to be the latest European company to fall victim to Donald Trump’s renewed sanctions on Iran, even if it doesn’t sell cars in the US. Iran operations are likely to be put on hold to comply with US sanctions, Renault Chief Operating Officer Thierry Bollore told analysts during a conference […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 1029 points or 0.9 percent during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported. As reported, some 7.391 billion securities worth 17.731 trillion rials (about $412.3 million) were traded through 367,000 deals in TSE, indicating one percent […]

TEHRAN – Eight development projects were inaugurated at Iran’s Imam Khomeini Airport City (IKAC) on Thursday to further expand the capital city’s primary international airport, IRIB reported. Iranian Minister of Roads and Urban Development Abbas Akhoundi and some of the country’s aviation officials attended the inauguration ceremony. These projects include construction of an urban fire […]

Iranian Deputy Minister of Roads and Urban Development and Managing Director of Ports and Maritime Organization Mohammad Rastad said that the India’s IPGL will soon start its development project in Chabahar Port. “The Indians will soon kick off their official activity at Iranian southeastern port of Chabahar with an $85 million capital,” said Iranian Deputy […]