TEHRAN – Russian companies are expected to invest over $50 billion in development of oil and gas fields in Iran, Tass reported quoting Russian presidential aide Yuri Ushakov as saying on Monday. “Energy is the most promising sphere for cooperation between Russia and Iran. Leading Russian oil and gas companies, such as Gazprom, Gazprom Neft, […]

TEHRAN – The Ministry of Roads & Urban Development expects the boom in the real estate market to continue in the new Iranian calendar year of 1397 (started on March 21), IRNA reported on Tuesday. According to Ali Chegini, managing director of the ministry’s Planning and Economy Office, house prices as well as the number […]

Central Bank of Iran Governor Valiollah Seif urged responsible officials in the country to provide suitable ways for foreign investors in order to invest capital in the country with peace of mind. Facilitation of business environment is one of the main strategies to attract Foreign Direct Investment (FDI) in the country, he said, adding, “Iran […]

Oil has risen towards $70 as a result of a drop in drilling activity in the US and concerns that Washington could reintroduce sanctions against Iran.  “The Iranian factor is going to be a very significant input for the next four weeks. It is going to be an underlying support for the whole month,” Olivier […]

Iran, for long, has been using buy-back oil contracts in deals with foreign companies who worked on developing the country’s oil and gas fields. But in recent years, some issues attributed to the buy-back model have made this kind of contracts less attractive to foreign companies, thus, encouraging the oil-rich country to introduce a new […]

The Iranian stock market has witnessed some first-ever successful experiences in the current Iranian calendar year, ending March 20, both in national and international transactions and also in terms of science and training. On September 10, 2017, the country’s first-ever data vending deal was signed between Iran Financial Center (IFC) and Greece’s Inforex S.A. Based […]

Energy Minister Ardekanian said Wed. that the second power transmission line from Turkmenistan to Iran will come back on stream after six months of having been out of service. Iranian Minister of Energy, Reza Ardakanian, who traveled to Turkmenistan as part of a delegation accompanying President Rouhani, said Wed. that “following the negotiations held during […]

TEHRAN – Iran exported $14.64 billion of industrial products and $1.937 billion of mineral products in the first 11 months of the past Iranian calendar year, an increase of 9.1 percent and 60.3 percent respectively year on year, ISNA reported. The country exported $8.4 billion of minerals during the 11-month period ended on February 19, […]

TEHRAN – Some 500 trillion rials (around $10.5 billion) was invested in development projects in the previous Iranian calendar year, ended on March 20, said Mohammad Baqer Nobakht, head of Budget and Planning Organization. Moreover, 172 trillion rials (around $3.5 billion) of bank loans was paid to manufacturing units of the private sector, IRNA quoted […]

The trade measures that the US and China have taken against each other could have a negative impact on the global economy, Moody’s said on Friday. The US President Donald Trump said he will impose tariffs of $60 billion on Chinese imports on Thursday. In return, Beijing later announced retaliatory tariffs of $3 billion on […]