In late June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised. Although the officials in the Industry Ministry mentioned managing auto import market and preventing from exit of foreign currency from the country as some reasons for stopping this system, taking this action in […]

TEHRAN – Iran and Qatar discussed ways of facilitating maritime trade and cooperating in ports and transport areas, IRIB news reported. The two sides explored the matters in a bilateral meeting in Doha on Monday. The meeting was attended by the Managing Director of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad and Qatari Minister […]

TEHRAN – Construction operation of more than 2,000 megawatts new power plants has started in the country since the beginning of the current Iranian calendar year in 1396 (started March 21, 2017). Deputy Thermal Power Plants Holding Company (TPPH) for Planning Affairs Hamid-Reza Azimi made the above remark and added: “According to the Clause 6 […]

Fresh indications have appeared that show Iran and Russia are moving closer to an ambitious plan to integrate their banking systems – a strategy both hope would make them immune to the financial sanctions of the United States in the future. A top banking official in Tehran was quoted by media as saying that the […]

Japan’s unemployment rate in November dipped to its lowest level since November 1993, official data showed Tuesday, offering another sign that the world’s third-largest economy is on track to recovery even if the pace is slow. Figures released by the government showed unemployment stood at 2.7 percent last month while the jobs-to-applicants ratio improved slighty, […]

TEHRAN – Head of Iran’s Securities and Exchange Organization (SEO) Shapour Mohammadi said trading Bitcoin in the country’s brokerages is illegal, Shada reported on Sunday. “The Securities and Exchange Organization is reviewing Bitcoin’s status for entering the country’s economy and has not yet reached a conclusion, so if any brokerage buys or sells the cryptocurrency, […]

Following an analysis published by Mehr News that had criticized the pricing formula for selling gas to a Norwegian company, Head of the Parliament’s Energy Committee Hasanvand said that the agreement has been suspended. Head of the Parliament’s Energy Committee Fereidoun Hasanvand referred to the letter sent by the Energy Committee to the Iranian minister […]

Exploration activities in the oil industry hit less than seven billion barrels of oil in 2017, the figure of which is unprecedented since 1940. Oil industry in the world explored less than seven billion barrels of oil in 2017, showing a considerable decline as compared to the same period of last year. According to the […]

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead. Even though President Donald Trump is touting unemployment at its lowest level in 17 years and Wall Street soaring to new heights, economists are worried […]

Consumption of gas hit a record high in the country in the Iranian month of Day (from Nov. 21 to Dec. 24). Statistics show that gas consumption volume in various sectors of the country in the same period hit 639 million cubic/meter, indicating a record high as compared to the previous month. For his part, […]