An operation to load the first platform of Phase 14 of Iran’s giant South Pars gas field, which has been designed and manufactured by the country’s domestic experts, began on Tuesday. The loading of the gas platform 14A on to a ship off the southern port city of Bandar Abbas started on Tuesday morning. The […]

TEHRAN- Iran has increased its electricity generation capacity by 1,724 megawatts (MW) since the beginning of current Iranian calendar year (March 20, 2017), according to a power sector’s official. As Hamidreza Azimi, the deputy managing director for planning affairs in Thermal Power Plants Holding Company, told IRNA on Tuesday, private sector accounts for generating over 60 […]

Following the social unrest across Iran, starting on Thursday, the government started blocking access to social networks and messaging apps including Telegram and Instagram, while some controls were also put on Iranians’ access to the Internet. As Information and Communications Technology Minister Mohammad Javad Azari Jahromi announced on Monday “the restricted access to social networks […]

The CEO of Iran Mineral Company said that the production of sodium sulfate in the company increased by 4 percent in the first nine months of the Iranian year compared to the same period last year. Reza Orouji, the CEO of Iran Mineral Complex, said on Tuesday that during the first nine months of the Iranian […]

Following the successful implementation of the plan for offering barley and corn in Iran Mercantile Exchange (IME) at guaranteed price instead of the guaranteed purchase of these grains by the government, which brought satisfaction for both farmers and the government, Iran carried out this plan also for wheat. The pilot plan on barley and corn […]

An official said German investors have begun construction of the fifth solar power plant in Hamedan Province following successful operation of four other similar stations. Naser Mahmoudi, Provincial Director General of Economic Affairs and Finance in western Iran, made the remarks on Monday adding “German ATUS company has already built and installed four solar power […]

TEHRAN – Shortage of budget has been impeding many projects needed to implement disaster reduction plans, especially during earthquakes, YJC quoted Ahmad Sadeqi, director of the Tehran Disaster Mitigation and Management Organization, as saying. The budget bill for the next Iranian calendar year (March 2018-March 2019) has allocated roughly 110 billion rials (nearly $2.75m) to […]

Following a series of rallies in some Iranian cities in protest at difficult economic conditions, the Administration’s Spokesman Mohammad Baqer Nobakht unveiled plans to provide employment for more than 830,000 people in the next Iranian year. Speaking at a television talk show on Saturday night, Nobakht said the administration expects to create jobs for 830,000 […]

TEHRAN– An NIGC official said completion of national gas distribution network will pave the path for expansion of the country’s gas trade worldwide. The National Iranian Gas Company (NIGC) Planning Director Hassan Montazer Torbati touched upon development of gas distribution network and gas pipelines across the country saying “main infrastructure of the NIGC gas distribution […]

After a banner year for US stocks, that saw the Dow hitting repeated records, Wall Street strategists predicted 2018 would see more moderate gains and increased volatility as markets retreated in the final session of 2017 on Friday. A late sell-off pushed the market into the red amid declines in Apple, Amazon and some other […]