Since starting of the summer, an intense heat-wave has been blanketing over most of the cities of Iran, leading to an over-usage of airconditioning appliances and a significant jump in electricity consumption among the household consumers. The situation has led to a series of daily power outages across the country which has affected many businesses […]

Japanese oil companies are preparing for a complete cessation of oil imports from Iran, Russian TASS quoted a Japanese newspaper as saying. According to the Nikkei newspaper on Thursday, oil supplies from Iran should be completely stopped by October. Alternative suppliers include Saudi Arabia and the United Arab Emirates. Japanese suppliers of Iranian oil – […]

President of the European Investment Bank (EIB) has cast doubt on EU plan to salvage Iran nuclear deal by saying that the bank would put its global operations at risk by investing in Iran. Reuters reported today that EIB President Werner Hoyer has said that while he supported EU efforts to keep alive the 2015 deal […]

TEHRAN – Mohammad-Hossein Adeli, the former secretary general of the Gas Exporting Countries Forum (GECF), has said that the European Union has established an $80 billion fund to give credit to small and medium enterprises doing business with Iran, the Persian language Hamshahri newspaper reported on Wednesday. “European authorities are seriously interested in resisting U.S. […]

CEO of insurance fund for investment on mining activities said Iran is in talks with Swedish Volvo Company for importing mineral equipment and machinery into the country. Farid Dehghani said “talks with Volvo Company for importing mineral machinery into the country is of the main objectives of the Fund.” Supporting private sector investors in the mines […]

TEHRAN – President of the Football Federation of the Islamic Republic of Iran (FFIRI) Mehdi Taj and Qatar Football Association (QFA) President Sheikh Hamad bin Khalifa bin Ahmed al Thani met in Moscow on the sidelines of the 2018 World Cup final on Sunday. The Presidents discussed on areas of mutual interest while stressing on […]

The 24th session of the FAO Committee on Forestry (COFO 24) entitled “High-Level Discourse on Forests and Goals of Sustainable Development” kicked off in Rome, Italy in the presence of more than 120 countries including Iran. The role of forests for food security and nutrition, inland and outsourced forestry, key role of forestry and objectives […]

Iranian Minister of Energy Reza Ardakanian said that cutting electricity export to Iraq is based on a bilateral agreement which says that the priority is fulfilling domestic demands. He made the remarks on Tuesday on the sideline of signing an MoU with the Ministry of Information and Communications Technology. Every international contract in the domain […]

 Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new U.S. sanctions, putting oil markets under huge strain amid supply outages elsewhere in the world, Reuters reported today. Washington initially planned to totally shut Iran out of global oil markets after President Donald Trump abandoned a […]

The Vice-Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says that Europe does not want a volatile Middle East, adding the Europeans have allocated $80 billion to Iranian small and medium enterprises. Pedram Soltani said on Monday in a meeting in Tehran that given the damages Europe suffered in Iraq and Syria […]