Financial Tribune

  • CIA Boss Turned Secretary Unfit Policymaker

    Iran has strongly rejected US Secretary of State Mike Pompeo's demand for sweeping changes in its foreign, military and nuclear policies, saying Washington is in no position to dictate the country's direction. 
    "The despicable, baseless, insulting and interventionist remarks by the new US secretary of state and his false claims against the great, civilized Iranian nation reflect the US government’s desperation vis-à-vis the Iranian people. It also exposes its futile bid to deflect the world's attention from the illegal move and breach by the US in violating the JCPOA," the Foreign Ministry said in a statement carried by ISNA late Monday. 

  • Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region

    With new moderated prices for services offered at Chabahar’s Shahid Beheshti Port, this southeastern Iranian port has turned into the cheapest option for doing business in the Persian Gulf and Oman Sea, the deputy head of Ports and Maritime Organization of Iran said. 
    “Foreign ships belonging to international liners are entitled to a 90% discount on terminal handling charges for a three-month period, followed by a 70% discount for the second quarter and then a 30% discount will be extended for the next six months. PMO will grant a 30% discount to international ship liners in their second year of operation in Chabahar. On top of that, more discounts will be offered on ports’ duties,” Mohammad Ali Hassanzadeh was also quoted as saying by the Ministry of Roads and Urban Development's news outlet.

  • Tehran Stocks Unshaken by US Nuclear Deal Pullout

    Iran nuclear deal seems to be on life-support these days, as the United States has unilaterally pulled out of the accord and other signatories are making frantic efforts to hold the deal together.
    That screams risk for the Iranian economy, evident in some foreign businesses' sudden disillusionment with Iran and announcements of halting operations in the country by the yearend.
    Tehran stocks, however, seem to have taken it the other way round. The day after US President Donald Trump announced the pullout decision, stocks had a much muted reaction while most expected a freefall.
    In fact, the US withdrawal served as a threshold for stocks to rebound, as ambiguities surrounding the fate of the deal, otherwise known as the Joint Comprehensive Plan of Action, had paralyzed trade since the current fiscal year began on March 21. In other words, Trump's decision to pull out of the nuclear deal cleared up the air.

  • NISOC Efforts to Develop 4 Major Oilfields on Track

    The National Iranian South Oil Company's efforts to boost output from four oilfields, namely Shadegan, Rag Sefid, Karanj and Parsi in the southern Khuzestan Province, are on the right track, NISOC's director of technical affairs said.
    "NISOC has signed a total of eight memoranda of understanding on studying hydrocarbon reservoirs, four of which have been signed with domestic exploration and production companies," Ahmad Mohammadi was also quoted as saying by ISNA on Tuesday.
    NISOC has been assigned with the development of four oilfields that have a total of nine reservoirs.

  • India’s Prime Minister Narendra Modi (L) and Russian President Vladimir Putin speaking during their meeting in Sochi. (Photo: AFP)

    Indian Prime Minister Narendra Modi wrapped up a whirlwind month of diplomacy with...

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