TEHRAN- A member of development committee of the Iranian Parliament (Majlis) announced that $6 quadrillion rials (more than $142.6 billion) of budget is needed for completion of development projects in Iran, Tasnim news agency reported. Calling on the government to prepare proper ground for completion of all such projects, Alim Yarmohammadi underlined the significance of […]

TEHRAN- Iran National Copper Company could produce 107,795 tons of copper concentrate in the first month of the present Iranian calendar year 1397, Farvardin (March 21- April 20), registering 15 percent growth in comparison with the same time in the preceding year, IRNA reported on Monday. According to the latest data released by Iranian Mines […]

Head of the office of cold-weathered and dry fruits at the Ministry of Agriculture Shokrollah Hajivand said that about 700,000 tons of high-quality apple has been exported since the past Iranian fiscal year up (from March 20, 2017 to May 20, 2018). It is predicted that this horticultural product will experience a considerable decline in […]

Reza Padidar, a member of the Oil Industry Equipment Manufacturer Association, said on Monday that Iranian manufacturers are assigned with making the needed equipment for Iranian oil industry. “To domesticize ten groups of equipment needed in oil industry, a host of 55 contracts with the value of $1.2 billion, out of which 20 to 20 […]

TERHRAN- Iranian Privatization Organization (IPO) has transferred 38 billion rials (about $903,686) worth of the state-run shares to the private sector in the past two months, Tasnim news agency reported on Monday. The shares of 630 Iranian enterprises are planned to be transferred to the private sector by the end of current Iranian calendar year […]

Asian and European markets mostly rose Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of tension that have sent […]

 Chairman of Iran and China Joint Chamber of Commerce Asadollah Asgaroladi said that world will be more safe without US especially in the field of implementation of Joint Comprehensive Plan of Action (JCPOA). Europe cannot ignore Iran in its current business and trade activities, he said and emphasized, “the country’s financial situation is good and […]

The chief of Iran’s Department of Environment Isa Kalantari and EU Commissioner for Climate Action and Energy Miguel Arias Cañete hold a meeting on Monday about environmental challenges. Touching on the long history of relations between Iran and Europe, Kalantari hoped that European countries could retain their independence against the United States in this stage. […]

Valiollah Seif, the Governor of the Central Bank of Iran said on Sunday that despite US withdrawal from the nuclear deal, Europeans are trying to keep Iran in the deal and compensate for the damages caused by Americans, as they have kept their central banks in touch with Iran. “The contacts between the central banks […]

Near two weeks after U.S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil traders around the world are still following a “wait and see” strategy toward the consequences of Trump’s decision for Iran’s oil exports and market in general. Overall, there seems […]