Central Bank of Iran (CBI) on Saturday night issued a statement on the recent developments at the Foreign Exchange Market according to the government’s new currency package. The statement is read as follows, “with the implementation of the government’s currency package, any transaction of foreign currency by importers, exporters and moneychangers has been authorized at […]

TEHRAN- Required infrastructure is provided for trading cryptocurrency in Iran’s stock exchange, Head of Securities and Exchange Organization (SEO) Shapour Mohammadi told IRNA on Saturday. He said cryptocurrency is something related to the Central Bank of Iran (CBI), but SEO is ready for any kind of cooperation and sees no barrier in this due. The […]

TEHRAN- According to the latest report released by the World Steel Association (WSA), Iran was ranked the 11th among the world’s largest crude steel producers in the first half of 2018, IRIB reported. The WSA data showed that the country’s crude steel output stood at 12.516 million tons during the first six-month of this year, […]

The International Energy Agency (IEA) cautioned about global repercussions of the US anti-Iran measures for the oil market. ‘As oil sanctions against Iran take effect, perhaps in combination with production problems elsewhere, maintaining global supply might be very challenging and would come at the expense of maintaining an adequate spare capacity cushion,’ The IEA’s latest […]

A senior Chinese official said Saturday that his country will enhance economic relations with Iran without considering internal laws of third countries. China works with Iran, like it did in the past, in the economic and trade fields, Gao Feng, spokesman for China’s Ministry of Commerce, told Islamic Republic News Agency (IRNA). As Feng said, […]

The two countries of Iran and the Netherlands will expand and broaden their consular relationship. For this purpose, the 4th joint consular meeting was held between Islamic Republic of Iran and the Netherlands in The Hague city in the presence of Director General of the Consular Department of the Iranian Ministry of Foreign Affairs Ali […]

TEHRAN- The U.S. exports to Iran reached $59.7 million during the first half of 2018 registering a 47 percent rise from the figure for last year’s same period, the latest report released by American Statistical Association (ASA) showed. Exports from the United States to Iran stood at $40.5 million during the first half of 2017, […]

TEHRAN- Iran’s annual budget plan for the next Iranian calendar year of 1398, which starts on March 21, 2019, is to be prepared considering all the domestic and international economic conditions of the country in a bid to tackle the new round of U.S.-led sanctions and to meet the Iranian nation’s expectations, Tasnim news agency […]

A U.S. plan to impose targeted crude sanctions against Iran could significantly impact global supply and exhaust the world’s spare oil capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely watched report comes shortly after the re-introduction of U.S. sanctions against Iran, which from November will also include oil […]

TEHRAN – The 18th edition of International Exhibition of Automobile and Relate Industries (Iran Motor Show 2018) kicked off on Tuesday at the northeastern city of Mashhad, IRNA reported. Over 100 Iranian companies along with 30 foreign exhibitors from different countries are participating in this year’s event at Mashhad’s international exhibition center. Various specialized forums […]