Russian President Vladimir Putin said that Moscow is working with its major partners to create financial systems that are not dependent on the Society for Worldwide Interbank Financial Telecommunication (SWIFT). He made the remarks on Wednesday at the 10th annual ‘Russia Calling’ Investment Forum in Moscow. “We are actively working with some countries, with our partners […]

In his meeting with the Ambassador to Ivory Coast Mansour Shakibmehr Friday, an Ivory Coast official specialized in Muslim merchants’ affairs Mamadou Doumbia placed special emphasis on the cooperation of economic activists of the two countries, saying his country is ready to broaden its trade cooperation with the Islamic Republic of Iran. In this meeting, […]

 Iran and Russia can turn the sanctions led by the U.S. on both countries into some unique opportunities for the expansion of bilateral ties, IRNA reported on Friday quoting Iranian Energy Minister Reza Ardakanian. The minister made the remarks speaking to the media on Thursday before leaving Russia in his tow-day stay in the country. […]

World Steel Association (WSA) reported that Iran’s steel production volume in 10 months of 2018 increased 19 percent. According to the statistics, Islamic Republic of Iran produced 20,590,000 tons of crude steel since Jan. 1 up to Oct. 30, 2018. World Steel Association (WSA) also put Iran’s steel production volume in Oct. 2018 at more […]

Qatar Airways will add more flights to Iran from January, the state-owned Persian Gulf airline announced on Monday just weeks after the United States reimposed sanctions on Tehran. Qatar Airways will add two weekly flights to its existing Doha-Tehran route and add three weekly flights on its Shiraz service in January. It will also launch […]

The Central Bank of Iran (CBI) announced that foreign banks can apply for a license to establish their branches in Iran with at least 5 million euros in capital. In a recently-published circular, the CBI has clarified the instructions for establishing, operating and closing the branches and offices of foreign banks in Iran. The foreign […]

Iranian Oil Minister Bijan Namdar Zanganeh said the China National Petroleum Company (CNPC) has officially replaced French company Total which has backed out of a deal on development of Iran’s South Pars gas field. The CNPC has formally replaced Total in the project on development of South Pars gas field’s phase 11, Zanganeh announced on […]

Taiwan was waiting to see whether it was one of the ‘eight jurisdictions’ expected to receive waivers to continue buy oil from Iran despite sanctions from the United States. Donald Trump is scheduled to reimpose measures against Iran’s energy, shipping, shipbuilding and financial sectors on November 5, but eight countries were expected to be left […]

Iran Air, Iran’s national flag carrier, has started negotiations with the non-European manufacturers of airplanes in line with renovation of its fleet, Farzaneh Sharafbafi, the managing director of the airline, announced on Sunday. “We will negotiate with any manufacturer which can supply airplanes for us without requiring permits from the U.S. Treasury’s Office of Foreign […]

 Russia’s Energy Minister Alexander Novak says Moscow will continue trading Tehran’s crude despite American restrictions. Russia has vowed to help Iran counter US attempts to throttle its oil sales when sanctions come into effect next week, saying it will continue trading Tehran’s crude in defiance of Washington. The US will reimpose sanctions aimed at curbing […]