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 […]

TEHRAN – Iranian-German economist Mohssen Massarrat has said Iran should use the euro and maybe the yuan instead of the U.S. dollar in its transactions to hurt the U.S. economy. In an interview with the Shargh newspaper published on Sunday, Massarrat said such action has a low risk due to the Shanghai Cooperation Organization (SCO) […]

Abadan Refinery, Iran’s biggest refinery, has increased its gasoline production capacity to 12 million liters per day. According to Iran’s Oil Ministry’s official website ‘SHANA,’ the facility’s CEO Esfandiar Daem-o-Zekr has said that the plant’s petrol output was at 10 ml/d recently which has increased to 12 ml/d after launching 2 refining units at the facility. The […]

The European Union’s energy commissioner said he has submitted the EU proposal for direct transfers of money to Iran’s central bank, adding that the two sides are discussing the plan in details. Speaking to reporters after a meeting with Iran’s energy minister in Tehran on Saturday, Miguel Arias Canete highlighted the EU’s efforts to boost […]

Despite US pullout from Joint Comprehensive Plan of Action (JCPOA), some foreign car manufacturing companies have determined to leave Iranian market but most of them especially European car manufacturers still insisting on continuing their cooperation with the Islamic Republic of Iran. Car manufacturing companies are different from other foreign companies in this respect. When foreign […]