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 […]

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 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 […]