Thursday, 21 August , 2025
  • Tehran Chamber Warns of Widespread Stagflation 20 Aug 2025

    Tehran Chamber Warns of Widespread Stagflation

    TEHRAN - The 29th monthly session of the Tehran Chamber of Commerce’s 10th board convened with sharp warnings from private sector representatives and government officials over mounting economic challenges, from shortages in animal feed to rising energy costs, stagnant investment, and signs of deepening stagflation.

Iran dispatches two firefighting choppers to Iraq 21 Jul 2018

Iran dispatches two firefighting choppers to Iraq

 Civil Aviation Organization (CAO) revealed the forwarding of two Iranian firefighting helicopters to Hawizeh Marshes based in neighboring Iraq. Following the request of the Interior Ministry from CEO of Civil Aviation Organization (CAO), necessary coordination was made with Iraqi Aviation Organization in order to operate safe flight in airspace of the neighboring state. Given the […]

Turkey working to avoid negative impact of US anti-Iran sanctions 21 Jul 2018

Turkey working to avoid negative impact of US anti-Iran sanctions

After a meeting with a US delegation on sanctions against Iran in Ankara, Turkish Foreign Ministry issued a statement calling Iran ‘an important neighbor for economic and commercial relations.’ According to Turkish Daily Sabah, following a meeting with a US delegation comprised of Treasury and State Department officials on Friday in Ankara to discuss upcoming […]

Chabahar port accounts for 20% imports share of staples 21 Jul 2018

Chabahar port accounts for 20% imports share of staples

 The ports and maritime director general of Sistan and Baluchistan province Behrooz Aghaei put the provincial import share of basic commodities and staples at 20%. Turning to the leading role of Chabahar port in the provision of goods and staples, he said, “about 1.5 million tons of various types of basic goods and commodities are […]

Iran’s export volume up by 16% in Q1 21 Jul 2018

Iran’s export volume up by 16% in Q1

 Deputy Ministry of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI) Mojtaba Khosrotaj put the country’s export volume in the first three months of current year (Mar. 21-June 21) at over 16%. Speaking in Working Group on Export Promotion in Yazd province, he said, “in this line, requirement of global […]

Iran to build 540-MW power plant in Sistan and Baluchestan prov. 20 Jul 2018

Iran to build 540-MW power plant in Sistan and Baluchestan prov.

Minister of Energy Reza Ardakanian said that a 540-megawatt power plant will be constructed in Sistan and Baluchestan province later o August 6. Speaking in a meeting held in the presence of governor general and managers of water and power resources in Sistan and Baluchestan province, he said, “this province enjoys high capacities and potentials […]

S Korea seeks waiver from US sanctions on Iran 20 Jul 2018

S Korea seeks waiver from US sanctions on Iran

In the wake of the US’ withdrawal from the 2015 nuclear agreement with Iran and moves to resume sanctions against Tehran, Seoul held a second round of talks with Washington seeking a waiver from halting imports of Iranian oil, Yonhap news reported. The Foreign Ministry of Seoul said Friday that a delegation headed by its […]

The reason for Iran’s power outages: exports or infrastructure? 20 Jul 2018

The reason for Iran’s power outages: exports or infrastructure?

Since starting of the summer, an intense heat-wave has been blanketing over most of the cities of Iran, leading to an over-usage of airconditioning appliances and a significant jump in electricity consumption among the household consumers. The situation has led to a series of daily power outages across the country which has affected many businesses […]

Japan reportedly to put full stop to oil imports from Iran 19 Jul 2018

Japan reportedly to put full stop to oil imports from Iran

Japanese oil companies are preparing for a complete cessation of oil imports from Iran, Russian TASS quoted a Japanese newspaper as saying. According to the Nikkei newspaper on Thursday, oil supplies from Iran should be completely stopped by October. Alternative suppliers include Saudi Arabia and the United Arab Emirates. Japanese suppliers of Iranian oil – […]

EIB calls into question EU plan to save JCPOA 19 Jul 2018

EIB calls into question EU plan to save JCPOA

President of the European Investment Bank (EIB) has cast doubt on EU plan to salvage Iran nuclear deal by saying that the bank would put its global operations at risk by investing in Iran. Reuters reported today that EIB President Werner Hoyer has said that while he supported EU efforts to keep alive the 2015 deal […]

EU has set up $80b fund for SMEs doing business with Iran: report 19 Jul 2018

EU has set up $80b fund for SMEs doing business with Iran: report

TEHRAN – Mohammad-Hossein Adeli, the former secretary general of the Gas Exporting Countries Forum (GECF), has said that the European Union has established an $80 billion fund to give credit to small and medium enterprises doing business with Iran, the Persian language Hamshahri newspaper reported on Wednesday. “European authorities are seriously interested in resisting U.S. […]