Iran’s financial system has intensified its efforts to establish ties with a number of countries based on the national currencies, as the U.S. sanctions against the country have complicated transactions in dollars. In this line, Iran made an agreement in last October with Turkey on using local currencies in trade transactions between the two countries […]

TEHRAN – Iran and Spain are due to establish their first ever oil and gas task force on the sidelines of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) on May 7. A combination of Spanish companies has been identified for this task force. Companies active in various fields […]

TEHRAN – The lower house of the Czech parliament on Thursday supported a communist party proposal that a ban on exporting equipment for Iran’s Bushehr nuclear reactor be lifted.  According to Czech Radio, the vote was on the first reading as the start of the legislative process. The precise proposal stems from the problems of […]

TEHRAN – The third edition of Iran’s international horticulture trade fair also known as Iran Green Trade Fair (IGTF 2018) kicked off at the Tehran Permanent International Fairgrounds on Thursday. Over 100 Iranian exhibitors along with 43 foreign companies from different countries including Germany, Spain, Italy, Japan, the Netherlands, France, China, Azerbaijan, Russia, India, UAE […]

TEHRAN- The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements, IRNA reported. The government also put the central bank in charge of managing and announcing rial-to-euro exchange rate continually. The decision is made as part of the country’s effort to reduce its […]

Iranian Anti-Narcotics Police Chief General Mohammad Massoud Zahedian and his Turkish counterpart, Ibrahim Hakki Seydioglullari, agreed to promote cooperation between the two neighboring countries in various security fields, including the campaign against illicit drugs. Meeting in Ankara, the Iranian and Turkish officials exchanged views about a range of issues, inducing ways to boost relations between Tehran […]

Syrian sources relayed that investigators of the Organization for the Prohibition of Chemical Weapons (OPCW) entered the Syrian town of Douma, on Tuesday afternoon, to conduct probe on what terrorist claim to be a chemical attack by government. According to Syrian sources, investigators of the Organization for the Prohibition of Chemical Weapons (OPCW) have entered […]

TEHRAN – A lawmaker announced on Tuesday that 163 members of the parliament in a letter to President Rouhani have called for the dismissal of central bank governor Valiollah Seif. By pointing the fall of the rial, the MPs have said Seif has been unable to control the foreign currency market, Javad Abtahi was quoted […]

TEHRAN – The number of establishment, exploration and operation permits issued during the last Iranian calendar year (March 2017- March 2018) increased significantly compared to its preceding year, the Iranian Ministry of Industry, Mining and Trade’s news portal (Shata) reported on Monday. According to the report, during the mentioned period the figures for establishment, exploration […]

TEHRAN – Researchers at a knowledge-based company in the city of Mashhad designed crude oil disposal reinjection units which improve the quality of crude oil. The company was recognized as the second laureate in research and development section for their research work on crude oil disposal reinjection units at the 31st Khwarizmi International Award, which […]