TEHRAN – India is mulling over using Euro as well as the rupee to continue trade with Iran during the new rounds of the U.S. sanctions on Tehran. According to Telegraph India, the country’s UCO Bank will be undertaking the rupee trade with Iran as it used to do during the earlier round of sanctions. […]

Iranian Minister for Cooperatives, Labor and Social Welfare, Ali Rabiei, will take part in the 107th Session of the International Labour Conference (ILC 2018) in Geneva, Switzerland. Meeting with labor ministers from South Africa, Kazakhstan, Bulgaria, Finland, Ireland and Croatia are also on Rabiei’s agenda during his stay in Geneva from 4-7 June. He will deliver a speech at […]

TEHRAN – Moscow Tchaikovsky Conservatory rector Alexander Sokolov has said that the conservatory is eager to provide training courses in Iran. He made the remarks in his recent meeting with Rudaki Foundation Managing Director Ali-Akbar Safipur in Tehran, the foundation announced in a press release published on Saturday. The two sides also agreed to organize […]

 Indian state refiner Bharat Petroleum Corp has reportedly requested an extra one million barrels of oil from the National Iranian Oil Company (NIOC) for June. Reuters cited one of the two industry sources as saying that “at this point of time Iranian crude is attractive … it is faring better than spot cargoes and other […]

South Korea’s Daelim Industrial said on Friday that a contract worth 2.23 trillion won ($2.08 billion) for a refinery project in Iran was canceled amid the fear of sanctions from Trump administration. The order was canceled as the Esfahan Refinery Upgrading Project failed to procure financing because of economic sanctions imposed on Iran, Daelim said in a […]

Germany is fully ready to grow cooperation with Tehran metropolis in the technology realm, said German ambassador to Iran Michael Klor-Berchtold on Friday. Making the remarks in a meeting with Tehran City Council Chairman Mohsen Hashemi, German ambassador highlighted that there are numerous grounds for cooperation between Germany and Tehran. He went on to say […]

Export of gas from Khorasan Razavi province surged in the past two months of the current Iranian calendar year (from March 21 to May 22). Manager of Khorasan Razavi Province Oil Products Distribution Company Ali Asghar Asghari made the above remarks and said, “in the past two months, the rials value of export of gas […]

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has sent a letter to OPEC President Suhail Mohammed Al Marzouei calling for the organization’s support for members targeted by sanctions, Shana reported on Thursday. In the letter, Zanganeh asked Mazrouei to include a separate agenda item for the June OPEC meeting entitled “OPEC Ministerial Conference support […]

Director General of Food and Drug Administration (FDA) Dr. Akbar Barandegi revealed the considerable twofold growth of country’s pharmaceutical exports in the past Iranian calendar year (ended March 20, 2018). Turning to the provisions of 6th Five-Year Socioeconomic and Cultural Development Plan and in order to promote nonoil export and in line with the government’s […]

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) met with the Serbian ambassador to Tehran on Tuesday to discuss expansion of economic ties. In the meeting, ICCIMA’s head Gholam-Hossein Shafeie mentioned Serbia’s significant economic growth in recent years, noting that mutual economic cooperation with Serbia is among Iran’s top priorities. […]