TEHRAN – The joint committee of the Majlis has decided to cut off the annual budget of special organizations and institutes, the committee’s spokesman said on Monday. Ali Asqar Yusofnejad said the committee concluded that the annual budget of non-governmental educational-cultural organizations was “ill-advised”, Mehr reported. Controversy arose after details of the upcoming Persian year’s […]

TEHRAN- Through manufacturing of over 160,000 vehicles in Iran, Renault hit a record high in 2017, according to a report by the Communications Department of Renault Pars (a joint venture established in 2004 between France’s Renault and Iranian car makers Iran Khodro and Saipa). The report said that production of Renault in Iran witnessed a […]

TEHRAN- South Korea’s imports of Iranian crude oil in 2017 rose 29.1 percent from 2016, customs data showed on Monday. The country imported 18.07 million tons, or 362,884 barres per day (bpd) of Iranian oil in 2017, versus 14 million tons in 2016, Reuters reported. South Korea imported 1.08 million tons or 255,081 bpd of […]

Brazil’s regional jet maker Embraer says it is still waiting for an approval by the US Treasury Department for sales of aircraft to Iran. The company was quoted by the media as saying that it remained “active and optimistic” with regards to its plans to sell planes to the Islamic Republic. It added that providing […]

TEHRAN – Iran’s oil exports to China may rise to the highest in 11 months in Jaunuary as demand for heavier Iranian crude increased, a report said. Crude and condensate exports from Iran to China are set to hit 733,000 barrels per day (bpd) in August, the highest since September, driven by an 11 percent […]

TEHRAN – The economic and legal committees of the parliament will examine a bill to join the Financial Action Task Force (FATF), an anti-money laundering organization, Majlis Economic Committee Chairman Mohammadreza Pourebrahimi has said.  Pourebrahimi said the two committees’ decision on the issue will take into account the considerations of the Majlis National Security and […]

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of […]

The sales chief of European planemaker Airbus predicted delivery of the remaining jets to Iran could take longer to complete than what was planned under a deal worth $10 billion signed in 2016. “I think those deals will get fulfilled, maybe not on the original schedule,” Airbus sales chief John Leahy told Reuters in an […]

TEHRAN – Iranian deputy minister of petroleum said that according to Iran, Oman negotiations, it is upon Iran to provide the necessary infrastructures for exporting gas from Iran to Oman through undersea pipelines plus exporting gas to Oman by land. Hamidreza Araghi discussed the development of the project on gas export from Iran to Oman […]

TEHRAN – Agricultural Manager of Dayyer, Bushehr province Isa Mohammad-Doost said Sunday that quality tomato harvested from Dayyer, Bushehr province will be exported to neighboring Qatar. He added that “for the first time, export of quality tomato kicked off from this sub-province to Qatar.” Given the above issue, tomato was exporting to the neighboring countries […]