TEHRAN – Three individuals on Sunday stood trial on charges of disrupting Iran’s economy. These three had received government-subsidized foreign currency for importing goods, but sold the goods at unjustifiably high prices. Last Monday, Judiciary chief Ayatollah Sadeq Amoli Larijani said that 120 individuals were in custody as part of the Judiciary’s fight against corruption. […]

Iranian Energy Minister Reza Ardakanian said Sat. that Iran has resumed electricity supplies to neighboring countries after it overcame its domestic power shortage. “Iran is committed to supplying electricity to neighboring countries of Iraq, Pakistan and Afghniastan,” Ardakanian told reporters on Saturday, while he did not reject the possibility to import power from some other neighboring […]

The governor of Turkey’s Erzurum province touched upon the potentials of Tabriz in medical domain, adding that they are ready to boost bilateral cooperation in this regard. Seyfettin Azizoğlu made the remarks in a Sunday meeting with Azarbaijan’s provincial governor Majid Khodabakhsh in Tabriz. He went on to say that Tabriz has had a significant […]

Construction of a gas pipeline between Iran and Pakistan is considered only as a panacea to the energy crisis grappling Pakistan. Last week, Imran Khan was sworn in as the new premier of Pakistan. In his first televised address to the nation, the cricketer-turned-politician outlined his vision for Pakistan and vowed to build the foundation […]

Iranian Deputy Minister of Industry, Mine and Trade Sadegh Najafi said on Sunday that following the provision of supporting packages by the government in the last year, 340 small industries re-opened in the past 3 months. “340 small industrial units closed after the Islamic Revolution opened in the last 3 months and got back into […]

 Iranian parliament sacked Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian in an impeachment session on Sunday more than two weak after sacking Ali Rabiei. In a very recent change in top economic posts in Iran, Iranian lawmakers voted that Karbasian be impeached and removed from office, The hearing session started in the […]

The head of Cultural Heritage, Handicrafts and Tourism Organization, Ali Asghar Mounesan said Sat. that with government support handicrafts’ annual sales could increase to $2 billion in the near future. Ali Asghar Mounesan made the remarks on sidelines of the 30th National Handicraft Exhibition which kicked off today at Tehran’s Permanent Fairground. Mounesan said that this […]

TEHRAN – Iran’s Ministry of Transport and Urban Development plans to inaugurate 699 road and transport projects worth 28.7 trillion rials (over €591.5 million) and also €65 million during the Government Week (August 23-29). The projects include constructing 711 kilometers of new roads across the country within the framework of 75 separate projects, IRNA reported […]

 Some South Korean companies and Iranian officials discussed the potentials of Iran’s market after US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in a special session held in Gidong, South Korea. The session entitled ‘the perspective of Iran-South Korea ties’ was held on Saturday with Iran’s ambassador to Seoul Hassan Taherian and representatives of some […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on the last day of the fifth Iranian calendar month of Mordad (August 22) stood at 9.7 percent, Tasnim news agency reported on Friday. Inflation rate in the mentioned period shows one percent rise from the figure of the […]