TEHRAN – Two years after implementation of the Joint Comprehensive Plan of Action, the international agreement on Iran’s nuclear program, in January 2016, Iranian banks has established banking relations with over 285 banks worldwide, IRNA reported on Saturday. Before the West-imposed sanctions hit the country’s banking system, Iranian banks were linked with over 633 foreign […]

TEHRAN– An official from Iran’s railways organization said on Saturday that the third freight train has left China for Iran and will arrive in Tehran later this week. Seyed Mostafa Davoodi from Iran Railway Company said that Iran has already been negotiating with neighboring and regional countries to develop international transit corridors, and said the third […]

TEHRAN– Managing Director of the National Iranian Gas Company (NIGC) Hamidreza Araghi said that the contract to export Iran’s gas to Georgia is still being negotiated between private sector, Georgia, Armenia, and Iran. “The contract for the export of gas to Georgia has not been ruled out yet and if the agreements get finalized, the […]

TEHRAN – Iran and India are after expanding scientific and technological cooperation through announcing a call for proposals with the intention of presenting joint research projects. Through an agreement between the Center for International Scientific Cooperation of the Ministry of Science, Research and Technology of the Islamic Republic of Iran and the Department of Science and […]

TEHRAN – Iran’s Finance and Economic Affairs Minister Masoud Karbasian praised the country’s current gross domestic product (GDP) growth saying, “What makes this growth important is that, it is not driven only by oil income.” According to Karbasian, although this year’s GDP is going to be less than last year’s 12.5 percent but considering the […]

A top European Central Bank official on Wednesday called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering. “One ought to apply what the basic rule is in any other financial transaction: everyone involved should reveal their identity,” ECB governing council member Ewald Nowotny […]

An Iranian and French Training Workshop on HSE (Health, Safety and Environment) in the oil industry will be held in Tehran on Jan. 29-30, 2018. The Iranian-French Tutorial Workshop will be held in the presence of France’s most prestigious oil and gas majors in the field of HSE in cooperation with HSE Department and Commercial […]

The Director General of Mazandaran province Ports and Maritime Organization Mohammad-Taghi Anzanpour said that goods export from Noshahr Port experienced a considerable 68 percent hike in the nine months of the current Iranian calendar year in 1396 (from March 21 to Dec. 22) as compared to the last year’s corresponding period. Turning to the 68% […]

TEHRAN – Export of saffron in South Khorasan province increased 22 percent in the eight months of the current Iranian calendar year in 1396 (from March 21 to Nov. 22) as compared to the same period last year. Deputy Minister of Industry, Mine and Trade for Exports Affairs Mojtaba Khosrotaj made the remark on Wednesday […]

Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but the dollar faced further selling pressure. Analysts warned that global markets could face an uncertain year as Donald Trump’s tax cuts have already been priced into valuations, while central banks are on course to start winding […]