The presence of Iranian military advisors in Syria cannot be decided by other countries, in...
The presence of Iranian military advisors in Syria cannot be decided by other countries, in...
The Joint Comprehensive Plan of Action (JCPOA) related to Iran’s nuclear program was reviewed at the summit between Russian President Vladimir Putin and his US counterpart Donald Trump in Helsinki on Monday.
The New York Times reported that the two leaders seemed to agree to disagree on Russia’s annexation of Crimea and on the Iran nuclear deal, adding that Putin made a point of noting that the two leaders still disagree strongly on the Iran nuclear deal.
“During the talks we said straight that we are worried by the US withdrawal from the Joint Comprehensive Plan of Action on settlement of the Iranian nuclear issue. It stays unchanged. I would like to stress that thanks to the nuclear deal, Iran has become a country that is most frequently checked by IAEA worldwide,” said Putin.
Regional cooperation is the only path toward resolving regional problems in the interest of all nations in the volatile Middle East, says a senior foreign ministry official.
“At this juncture, one of our priorities—for both Iran and other countries in the region—is to end all the crises in the region as soon as possible,” the foreign minister’s special assistant for political affairs, Hossein Jaberi Ansari, told reporters after meeting with Lebanon’s Parliament Speaker Nabih Berri in Beirut on Monday, IRNA reported.
Jaberi Ansari, who had traveled to Lebanon to convey a message from President Hassan Rouhani, said “positive cooperation and interaction” between regional states will help protect their common interests.
In a meeting with Pakistani President Mamnoon Hussain in Islamabad on Tuesday, Chairman of...
There is a will on the part of India to help save the Iran nuclear deal following the United States’ unilateral withdrawal, a senior diplomat said Monday, adding that New Delhi is willing to continue importing Iranian crude.
“India is determined to help save the JCPOA,” Deputy Foreign Minister Abbas Araqchi told IRNA in reference to the 2015 nuclear accord signed between Tehran and world powers, which is formally known as the Joint Comprehensive Plan of Action.
The official made the remark after meeting with high-ranking officials in New Delhi, where he attended the 15th round of Foreign Office Consultations between the two countries, which on the Indian side was led by Foreign Secretary Vijay Gokhale. Araqchi also held talks with the Minister of State for External Affairs M.J. Akbar.
Security forces in the southwest arrested four members of the self-styled Islamic State...
First group of pilgrims comprising 270 people are to leave Tehran for Medina in Saudi Arabia on Wednesday.
Iraq is pumping oil at normal levels even as protests spread across the southern region from where...
In the July 2018 update of its Short–Term Energy Outlook, the US Energy Information Administration...
The United States in certain cases will consider waivers for countries that need more time to wind down...
Iran’s oil exports could fall by as much as two-thirds by the end of the year because of new...
Crude production from the oil layer of South Pars in the Persian Gulf has resumed after FPSO Cyrus, the floating production, storage and offloading vessel on the hydrocarbon reservoir, had an accident last week.
"FPSO Cyrus, which had a minor collision with the [Panama-flagged] SOL tanker on Saturday due to bad weather conditions, has become operational again," Mohammad Hossein Daneshfar, a senior official at the Iranian Offshore Oil Company, was quoted as saying by Shana.
"The incident had caused slight damage to the vessel's body, hose and other offloading equipment, which was fixed by the company personnel in no time," he added.
Iran began to extract crude oil from South Pars in March 2016 using FPSO Cyrus.
The completion of value chain, development of petrochemical downstream industries and supply of feedstock to complexes top the Oil Ministry’s priority list, a deputy oil minister said.
“The ministry is making efforts to tackle feedstock-related challenges in petrochemical plants to pave the way for the production of value-added commodities,” Marzieh Shahdaei was also quoted as saying by NIPNA, the National Petrochemical Company’s news agency.
The official noted that the operation to extend an ethane pipeline from South Pars Phase 2 to Phase 1 to increase petrochemical plants’ feedstock is being followed up by the ministry. According to the official, financing incomplete projects is another thorny issue that is being handled through negotiations with the National Development Fund of Iran and the Central Bank of Iran.
Liquefied natural gas is projected to come into sharp focus worldwide in the future, as it is not only cost-effective but also clean and accessible compared to other energy sources, the former secretary-general of the Gas Exporting Countries Forum said.
“LNG accounts for 25% of the global energy basket, which is predicted to reach 40% by 2040,” Mohammad Hossein Adeli was also quoted as saying by Mehr News Agency on Tuesday.
Adeli added that as the fuel can be used as a bargaining chip, countries are opting to expand its shares in the gas market.
“Iran’s southern Arab neighbor Qatar is the largest LNG exporter in the world, whose volume reaches 75 million tons out of the total 280 million tons traded in international markets,” he said.
EU countries on Monday gave European firms legal cover to operate in Iran despite the US pullout from...
Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted a meeting of foreign diplomats and businessmen on Monday.
First Vice President Es’haq Jahangiri and Foreign Minister Mohammad Javad Zarif, who attended the meeting as representatives of the government, weighed in on Iran’s capacity to attract foreign investment as well as on tactics to counter looming US sanctions against Iran.
On May 8, US President Donald Trump withdrew from the 2015 Iran nuclear deal and unilaterally restored sanctions on the country, in defiance of the deal’s five other signatories—Britain, China, France, Germany and Russia. The restored sanctions are set to go into effect in two waves in August and November, and will also punish foreign companies and banks that continue to do business with Iran.
Between 6 million and 8 million trips are taken to and from cities to suburban areas in Iran every day, of which only 17,000 are by rail. This means the suburban rail system accounts for only around 0.2-0.3% of the suburban passenger transportation, Mir Hassan Mousavi, deputy for passenger affairs with the Islamic Republic of Iran Railways, said.
Mousavi added that Tehran Province accounts for 2.4 million suburban travels per day, around 10,000 of which are made via railroads, the news portal of the Ministry of Roads and Urban Development reported.
Payam International Airport, a cargo airport located in Karaj, Alborz Province, will start operating...
Close to 853 tons of wheelbarrow tires worth more than $1.8 million were imported into Iran from three countries during the last fiscal year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration showed.
With over 814 tons worth more than $1.7 million, Vietnam was the main exporter and it was followed by Malaysia and Turkey, Mizan Online reported.
Iran exported 2.99 million tons of gas condensates worth $1.55 billion during the first three months of the current Iranian year (March 21-June 21), registering a 26.59% and 2.57% decline in tonnage and value respectively compared with last year’s corresponding period.
The data were culled by Financial Tribune from the Islamic Republic of Iran Customs Administration’s latest report.
Iran traded 7.38 million tons of non-oil commodities worth $5.18 billion with China during the first three months of the current fiscal year (March 21-June 21), registering a 12.04% decline in tonnage and 10.93% growth in value compared with last year’s corresponding period. The above data were culled by Financial Tribune from the Islamic Republic of Iran Customs Administration’s latest statistics.
The French, British and German governments have told Iran they are exploring activating accounts for the Central Bank of Iran with their national central banks to open a financial channel and keep alive the Iranian nuclear deal, according to several European officials.
The move is the first concrete sign that Europe could deliver on its promise to take steps to sustain the Iranian nuclear deal, setting European governments squarely against the Iran sanctions policy of the US administration aimed at isolating Tehran economically, Wall Street Journal reported.
Following the US President Donald Trump's withdrawal from the deal in May, Iran has said it would stop complying with the nuclear deal unless it continues to receive the economic benefits of the 2015 agreement. That deal saw most international sanctions on Tehran lifted in exchange for strict but temporary restrictions on Iran’s nuclear work.
A total of $312 million were allocated by the Central Bank of Iran to people traveling abroad in the roughly three months that has passed since the Iranian government decided to unify the country's dual foreign exchange rates.
This was doled out to outbound travelers from April 9–the day the government unified foreign exchange rates and set the US dollar rate at 42,000 rials and started allocating travel currency–to July 14, IRNA cited the figure disclosed by CBI.
IRNA says foreign exchange allocated to car importers, which issue has become controversial, was equal to €121 million during the same period.
The Iranian Association of Islamic Finance has signed a memorandum of understanding to expand cooperation with REDmoney, a leading company organizing events on the Islamic financial markets across the globe. Based on the MoU, the two institutions agreed to deepen bilateral engagement by holding joint conferences, forums and training courses on Islamic finance and publishing books, periodicals and news about related events, IBENA reported on Tuesday. REDmoney Group is the foremost global provider of specialized Islamic financial media services across three core divisions of events, publishing and training. Established in 2004, the firm has offices in Dubai and Kuala Lumpur. It offers a multi-channel service covering a wide range of global markets, from emerging Islamic economies across Africa and Asia, as well as developed countries in Europe and the Americas seeking to enter the sector to industry leaders such as Malaysia, according to the company’s website.
Capital market authorities from Iran and Ghana signed a memorandum of understanding for cooperation between the two regulators in Tehran on Tuesday. The MoU, signed by Iran’s Securities and Exchange Organization and Ghana’s Securities and Exchange Commission, had sharing of experience and financial expertise as its main focus, Securities and Exchange News Agency reported. Ghanaians expressed interest in participating in SEO’s international courses and learn about sukuk (Islamic bonds), which are considered a relatively new instrument in Ghana. The two sides also agreed to move toward setting up a shared exchange-traded fund. The Ghanaian delegation is in Tehran for a two-day visit to meet with officials from Tehran Stock Exchange, Iran Fara Bourse, Iran Mercantile Exchange and Central Securities Depository of Iran.
Iranian Privatization Organization is scheduled to stage the biggest privatization bid of the current fiscal year (March 2018-19) on July 31, IPO's deputy head, Zohreh Alipour, said.
The organization will auction 100% of state shares in Moghan Agro-Industrial and Animal Husbandry Company, which amount to a total of 3.18 billion shares.
Alipour noted that each share will be priced at 5,534 rials with the total value reaching 17.6 trillion rials ($419.3 million), with the buyer having the option to pay the same in installments over nine years, ILNA reported.
A total of 11.22 million tons of iron ore concentrate was produced in Iran during the first three months of the current fiscal year (March 21-June 21), to register a 20% growth compared with last year’s corresponding period.
According to the latest report of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), Golgohar Mining and Industrial Complex accounted for 4.39 million tons of the total output, followed by Chadormalu Mining and Industrial Complex with 2.2 million tons, Middle East Mines and Mining Industries Development Holding Company with 1.31 tons, Iran Central Iron Ore Company with 1.37 million tons, Goharzamin Iron Ore Company with 1.1 million tons, Opal Parsian Sangan with 659,392 tons and Jalalabad Iron Ore Company with 168,172 tons.
Production of granulated iron during the same period stood at 1.43 million tons, up 22% year-on-year.
Tehran Stock Exchange’s main index lost 329.39 points or 0.3% on Tuesday to end trading at 107,780.6.
About 1.59 billion shares valued at $107.19 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
Lent Tormoz Iran Company was the biggest winner, as its shares went up 9.96% to 3,819 rials per share.
Tehran Cement Company incurred the biggest loss among all TSE-listed companies and went down 4.94% to 1,288 rials per share.
Cuba has started providing Internet on the mobile phones of select users as it aims to roll out...
Gifted students from 70 countries across the world have gathered in Tehran to compete in the 29th International Biology Olympiad which began on July 15 and is slated to end on July 22.
IBO is a yearly biology competition for secondary school students under the age of 20, who are winners of their respective national biology Olympiads, reported the event’s website. Iran is the host of this round of the one-week-long competition which is held in a different country every year.
Over the week, there will be two full days of exams at an advanced academic level for participants, split into a practical day and a theoretical day to gauge talents of gifted students in related subjects.
There will also be a number of excursions and activities for both participants and accompanying adults.
The Iranian video on demand platform ‘Filimo’ has released its annual usership records, reporting a sharp rise in its traction during the past Iranian year which ended in March, with subscribers spending 1.154 billion minutes watching videos through the services, an outstanding %445 year-on-year hike.
Furthermore, through a blog post on Filimo’s website, the company reports a huge surge in its popularity with the number of its subscribers up 581% YoY. The company is yet to release the number of its users.
The overall time of uploaded videos on the platform reached 581,000 minutes, indicating a 73% growth compared to the 336,000 minutes a year earlier.
During the period, the number of movies and TV series’ episodes available on Filimo increased 114% reaching 9,600 from 4,500.
The historical Shah Abbasi caravansary sitting in Karaj, Alborz Province, opened to the general public on Monday during a ceremony attended by government officials.
The building was restored by Touring and Automobile Club of Iran at a cost of 30 billion rials ($0.7 million) to help the province find a position in the tourism industry as well as generate jobs for locals, IRNA reported.
Speaking at the opening ceremony, Ramin Afshari, director of TACI, underlined the historical value of the structure, adding that it is capable of turning into the province’s tourism hub.
“The complex has created jobs for over 100 people,” he said, hoping that the doors of the caravansary will always remain open to enthusiasts.
Restoration of a 300-year-old bridge in Babol, Mazandaran Province, has been initiated after years of anticipation for measures to return the historical structure to its original form.
During a provincial trip in 2015, Cabinet members had vowed to allocate a budget for reparation of the bridge, but the sum was pledged to be supplied after the completion of general restoration plans specially aiming to recover its historical features.
The operations have begun now after about three years, according to deputy head of the provincial office of Iran’s Cultural Heritage, Handicrafts and Tourism Organization.
“After years of waiting and deep concerns of the public and NGOs, the plan has finally kicked off,” Abdolmotalleb Sharifi said Monday.
Two Iranian-made catamarans are set to operate between Iran’s Khorramshahr and Iraq’s Basra ports, in a bid to attract more tourists to Arvand Free Trade Zone.
Both catamarans have been ordered from Arvandan Shipbuilding Company.
“The first one is set to be launched in two months and the second one will be delivered next year,” Jaber Nahieh, the investor of the project, told Mana News Agency.
He added that Ports and Maritime Organization of Iran has financed 80% of the $12-million order.
South Africa’s travel and tourism sector will honor the legacy of former president Nelson Mandela’s...
A blob of hot volcanic lava struck an ocean tour boat just off the Big Island of Hawaii on...
The iconic Azadi Tower in southwest Tehran will be the screen for a projection mapping created...
The Taj Mahal in Agra could be closed unless the Indian government steps in and saves the...
Chitgar Lake in west Tehran is going to host a Silk Road Festival, a multifunctional event...
Pop singer, songwriter and composer Reza Sadeqi will perform twice on July 24 in...
A musical adaptation of the famous novella “The Little Prince” written by French author Antoine...
Radin Art Gallery in Mashhad is exhibiting the brightly hued abstract paintings of American artist Thomas...
A painting by the contemporary painter Ahmad Vakili has been purchased by the American Ford Motor Co.
In the 11th century Rey district in south Tehran was one of the capital cities of the...
Mellat Park on Valiasr Street is one of the largest urban parks in Iran where one can go for...
"Bizarre", "shameful", "disgraceful", that is the swift and sweeping condemnation directed at...
British Prime Minister Theresa May won a series of votes in parliament on Monday, keeping her...
The US-led coalition’s flurry of responses rejecting the findings of a recent Amnesty International...
At least eight people are dead and dozens injured in weeklong protests over jobs and...
The United States says it will engage in direct talks with the Taliban in an effort to bring the war...
Human Rights Watch has urged Myanmar’s government to promptly address illegal land confiscations...
Directors of Irish business have raised a warning flag to the government believing that the economy is...
Hedge Funds ended the first half in negative territory as the escalating trade war roiled global markets.
Swedish telecom operator Telia Company is buying TDC’s Norwegian business in a $2.6 billion...
Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds...
Thousands of workers walked off their jobs on Tuesday at Amazon warehouses in Germany to...
The Swiss National Bank will continue tracking its eurozone counterpart as it inches along the path...
Japan and the European Union signed a landmark deal on Tuesday that will eliminate nearly...
An increasing number of African countries are now embracing the blue economy for its...
Germany’s biggest lender has surprised the market by announcing projected profits of around...
There are indications that investments in digital economy will generate $88 billion and...
Rising trade tensions between the United States and the rest of the world could cost the global...
Italy’s recent bond shock showed that the financial derivatives market designed to insure against...
On July 13, the executive board of the International Monetary Fund concluded the Article IV consultation...
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