TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a statement, Reuters reported. […]

Last week, Pakistan claimed that India has committed over 1,300 ceasefire violations this year along the line dividing the two countries, resulting in the death of 52 Pakistani nationals. In response, India alleged that Pakistan has violated the ceasefire over 600 times this year, the highest in the last one decade. While the two estranged […]

TEHRAN – Remote sensing centers enjoy great technology for dealing with national strategic challenges like drought, water resources management and crisis management, the Iranian Space Agency (ISA) director said on Sunday, Mehr reported. Remote sensing is the process of detecting and monitoring the physical characteristics of an area by measuring its reflected and emitted radiation […]

TEHRAN- The condition is prepared for offering crude oil in Iran Energy Exchange (IRENEX), Securities and Exchange Organization (SEO) Head Shapour Mohammadi told IRNA on Sunday. The official expressed hope that trading crude oil in IRENEX will occur soon through follow-up measures by the oil and finance ministers. Offering fuel oil and other oil byproducts […]

iran is an important neighbor of Turkey, Turkish diplomatic sources said on Friday during a meeting with American officials to defend their country’s interests against the looming reimposition of US sanctions on Iran. A delegation of US officials led by Deputy Treasury Secretary Marshall Billingslea met with Turkish representatives with the aim of seeking to […]

According to the Islamic Republic of Iran Customs Administration (IRICA), export value of decorative stones in the past Iranian calendar year (ended March 20, 2018) hit $341 million, showing a considerable 94 percent growth as compared to the five previous years. IRICA put the export value of decorative stones in 2012 at $176 million, registering […]

An Iranian customs official has said that the Islamic Republic of Iran Customs Administration (IRICA) put into operation the electronic TIR system for the first time in the world. Hossein Kakhki, Director General of Customs International Cooperation Department told Iranian Radio Eghtesad on Friday that TIR carnets paper version was previously used but its electronic version is now successfully being […]

TEHRAN- Budget and Planning Organization of Iran put forward its 10-section protective plan to support domestic production and job creation during the present Iranian calendar year (ends on March 20, 2019), Tasnim news agency reported on Saturday. The excerpts of the proposed plan include: holding internship plan for university graduates, supporting entrepreneurs and employers via […]

Beijing consistently opposes policies of unilateral sanctions and intends to continue its trade cooperation with Iran under its international commitments, the Chinese Commerce Ministry said on Thursday. “Iran continues to be China’s important trade partner in Asia. The two countries maintain regular trade relations. In 2017, bilateral trade grew by 19 percent in comparison to 2016 and amounted to $37.1 […]

Systematic risks have caught up with the Iranian stock markets. Concerns regarding base metal prices, based on a stronger dollar and an escalating trade war between the US and China, sunk metal stocks’ fortunes in Iran as its main drivers, augmented by the government’s refusal to allow the sale of commodities at an exchange rate […]