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 […]

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 […]