One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. […]

Iran will not hold off development in the field of space technology and cannot wait for other countries to meet its needs, the information and communication technology minister told the Tehran Times during a press conference at the Iranian Space Research Center (ISRC) on Sunday. Mohammad Javad Azari Jahromi said that Iran had not a […]

 Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Indian Chamber of Commerce (ICC) signed a memorandum of understanding (MOU) on Tuesday for expansion of trade and economic ties, IRNA reported. The MOU was signed on the sidelines of an Iran-India business forum which was held in New Delhi in the mentioned day. The […]

 India has started its commercial activities in Iran’s southeastern port of Chabahar, the Indian government said on Monday, Economic Times reported. “The Government of India took over the operations of a part of Shahid Beheshti Port, Chabahar, in Iran during the Chabahar Trilateral Agreement meeting held there on December 24, 2018,” the Indian Shipping Ministry […]

 Iranian Foreign Minister Mohammad Javad Zarif said that the Islamic Republic of Iran is ready to start negotiations with Indian officials regarding the price of gas delivered to Indian firms in Chabahar port. Iran is ready for talks with India so that Indian firms can start investing in Chabahar Port, and especially in petrochemical Industries, […]

 The CEO of National Iranian Oil Products Distribution Company (NIOPDC) said his company was supplying Euro-4 gasoil across the country, adding the item would soon be distributed nationwide soon. According to NIOPDC, Mohammad Reza Mousavikhah said the provinces of Keman, Yaz, Sistan and Balouchestan, Bushehr, Semnan and Fars would be fully supplied with the item […]

 Driven from their homeland in Rakhine state of Myanmar by the ultranationalist Buddhist monks actively backed by the country’s military forces, Rohingya Muslims have been rendered homeless. While a vast majority of them have temporarily settled in makeshift refugee camps in Bangladesh, living under appalling conditions, many others have sought refuge in other countries. But […]

President Hassan Rouhani said on Monday that farmers play an important “security” role in Iran, meaning food security in the country is dependent on them. “Farmers provide a major part of security in the society,” he said during a meeting with Agriculture Jihad Minister Mahmoud Hojati and other senior managers of the ministry. He added, […]

Iranian President Hassan Rouhani called for achieving self-sufficiency in agricultural and livestock products. He made the remarks Monday in Tehran at a meeting with Iranian Minister of agriculture Mahmoud Hojjati and senior managers of the ministry, the official website of Iranian President reported. “Many people, and even the educated, think that our country has problems […]

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Mon. that removing four zeros off national currency ‘rial’ will take about two years. The proposed bill for lopping four zeros off rial requires approval of both the government and the Parliament, he said, adding, “economic experts estimate that launching this task will take […]