Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although Moscow and Riyadh have yet to agree on any fresh output cuts. Russian President Vladimir Putin announced the extension after a meeting Saturday on the sidelines of the Group of 20 with Saudi Arabian Crown […]

 Iranian Energy Minister Reza Ardakanian said with the coming into effect of a free trade agreement with the Eurasian Economic Union (EAEU), bilateral trade between Iran and the EAEU member states would be facilitated. Speaking at a meeting with Chairman of the Eurasian Commission Tigran Sargsyan in Moscow on Thursday, Ardakanian emphasized that the recent […]

The spokesman for presiding board of the Parliament says Iran’s crude exports are projected to exceed one million barrels per day (bpd) in the next fiscal year (starts on March 21, 2019). According to Behrouz Nemati, “despite the US sanctions, oil sales in this period will be more than a million barrels a day.” Noting […]

 Executive Committee of Asia Pacific Central Securities Depository Group (ACG) in a unanimous vote elected CEO of Central Securities Depository of Iran as Vice Chairman. Chief Executive Officer of Central Securities Depository of Iran, Hossein Fahimi, has been elected Vice Chairman of Executive Committee of Asia Pacific Central Securities Depository Group (ACG). The decision came […]

 The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions. Hossein Tanhaee, the chairman of Iran-South Korea Chamber of Commerce, told IRNA news agency on Saturday that the mechanism will act very […]

The head of Food and Drug Administration says that the government has so far provided enough foreign currency to import medical needs and there is currently no problem in allocating foreign currency to that sector. Gholamreza Asgari, the head of Food and Drug Administration of the Islamic Republic of Iran, which operates under the Ministry of […]

The Supreme Council of Economic Coordination convened on Saturday in a session that was chaired by President Hassan Rouhani and discussed next year’s budget with special attention to people’s needs, especially those of the lower-income classes. According to the official webiste of Iranian Presidency, at the session that was held with heads of the other […]

 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. […]