As Azerbaijani national currency Manat gains strength against Iranian Rial, more people from the northern neighboring country are eager to visit Iran. As the Iranian Rial loses its value against foreign currencies, the costs of services and commodities become cheaper for citizens of neigbouring countries such as Iraq and Azerbaijan, sparking a huge increase in […]

The Director General of Kermanshah Customs Administration Khalil Heydari revealed the considerable 89% rise in imports from provincial borders in the first four months of the current year (March 21-July 21). About 6,558 tons of commodities worth $10,596,543, were imported into the western province of Kermanshah during the first four months of the current Iranian […]

Five new planes manufactured by Franco-Italian turboprop planemaker ATR will land at Tehran Mehrabad Airport on Sun. morning to join the national flag carrier IranAir fleet. According to Iran Civil Aviation Organization, the National Airline of the Islamic Republic of Iran – Iran Air – will receive five new ATR planes tomorrow, as part of […]

Iran’s export of products to Brazil in the first four months of the current Iranian calendar year (March 21-July 21) showed a significant 25-fold increase as compared to the same period last year. According to the latest statistics of the Islamic Republic of Iran Customs Administration (IRICA), 34,124 tons of products, valued at $14,894,000, were […]

Germany’s central bank, the Bundesbank, has revised its regulations to stop Iran from withdrawing €320 million ($400 million) in cash from the country’s bank accounts, the German newspaper BILD disclosed. Under the new conditions, the Bundesbank can stop cash transfers that violate U.S. Treasury sanctions, Germany’s measure to stop cash delivery to Tehran comes at […]

The U.S. has been unable to persuade China to cut Iranian oil imports, according to two officials familiar with the negotiations, dealing a blow to President Donald Trump’s efforts to isolate the Islamic Republic after his withdrawal from the 2015 nuclear accord. Beijing has, however, agreed not to ramp up purchases of Iranian crude, according […]

Germany’s Deutsche Bank passed a new financial policy on Wednesday which will prevent any money transfer to Iran in cash. The bank has expanded its regulations so as to include a section on “cash payment transfers,” German daily Bild reported. Tehran had requested to withdraw €300 million cash from its bank accounts in Germany earlier in July. […]

TEHRAN – The Russian Sukhoi Civil Aircraft Company (SCAC) says it is ready to offer the SSJ100 aircraft to the Iranian customers, regardless of U.S. sanctions. “In April 2018, during the Eurasia Airshow, memorandums were signed with Iran Aseman and Iran Airtour, expressing only the intention to purchase airplanes,” the company’s press service was quoted […]

TEHRAN – Iranian energy experts and scholars believe that increasing the country’s renewable power capacity is the cheapest and fastest way to supply electricity needs in the future, IRNA reported. “Since construction of new thermal power plants is considerably costly and time consuming, boosting renewable capacity is the only possible solution to compensate for the […]

Iranian FM Zarif met with Sri Lankan President Sirisena on Tuesday in Colombo where the two sides called for further boost in bilateral ties. Iranian Foreign Minister Mohammad Javad Zarif who is in Sri Lanka on an official visit, met with Sri Lankan President Maithripala Sirisena on Tuesday after arriving in capital  Colombo. During the […]