Abdolnaser Hemmati has been appointed by Rouhani’s cabinet as the new governor of Central Bank of Iran, replacing Valiollah Seif. Rouhani’s cabinet on Wednesday gave Abdolnaser Hemmati a vote of confidence to replace Valiollah Seif as the governor of the Central Bank of Iran. Hemmati had previously served as the president of Central Insurance of Iran […]

TEHRAN- Iran exported $1.072 billion of iron ore in the past Iranian calendar year (ended on March 20, 2018), which indicates 31.1 percent rise from its previous year’s figure, IRNA reported on Tuesday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA). China was the main buyer of Iran’s iron ore […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on July 22, which marks the end of the Iranian calendar month of Tir, stood at 8.7 percent, up 0.5 percent from its previous month, IRIB reported on Tuesday. As reported, inflation rate stood at 8.8 percent and 8.2 […]

The Chairman and Managing Director of Pars Oil and Gas Company Meshkinfam said that 6 new gas rigs will get operational by March 2019. “We will have 6 new gas rigs come on line by the end of the year [1397 of Iranian calendar on March 21, 2019] to increase the production of the South […]

Iran exported 5.356 million tons of petrochemical products worth more than $3.158 billion during the three-month period from the beginning of current Iranian calendar year (March 21), IRIB reported citing the data released by National Petrochemical Company (NPC). The country produced over 13.26 million tons of petrochemicals during the first quarter, NPC data showed. As […]

India and Iran are good partners in the oil trade despite Washington’s discontent, and they should continue cooperating if they so wish, Germany’s Minister of State for Foreign affairs Niels Annen said on a visit to New Delhi, RT reported. “I am not a salesman for Iran but I have an impression that India is […]

Leaders of the BRICS emerging economies — Brazil, Russia, India, China and South Africa — will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after he slapped levies on goods from China […]

TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a statement, Reuters reported. […]

Last week, Pakistan claimed that India has committed over 1,300 ceasefire violations this year along the line dividing the two countries, resulting in the death of 52 Pakistani nationals. In response, India alleged that Pakistan has violated the ceasefire over 600 times this year, the highest in the last one decade. While the two estranged […]

TEHRAN – Remote sensing centers enjoy great technology for dealing with national strategic challenges like drought, water resources management and crisis management, the Iranian Space Agency (ISA) director said on Sunday, Mehr reported. Remote sensing is the process of detecting and monitoring the physical characteristics of an area by measuring its reflected and emitted radiation […]