A lawmaker says the next level of cooperation with Syria will be in the realm of...
A lawmaker says the next level of cooperation with Syria will be in the realm of...
North Korea’s foreign minister is expected to visit Iran in the coming days, the country's official news agency reported.
“North Korean Minister of Foreign Affairs Ri Yong Ho will pay an official visit to Iran following his trip to Singapore this week,” the Korean Central News Agency (KCNA) reported on Thursday.
Ri was attending a meeting of ASEAN foreign ministers in Singapore on Friday.
The Foreign Ministry summoned Tajikistan's Ambassador Nematullo Emomzoda on Wednesday to protest accusations that Iran was partly responsible for a car-and-knife attack that killed four western tourists cycling in the former Soviet republic.
"Tajikistan's ambassador in Tehran was summoned by the ministry's director general for Eurasian affairs and our country's strong protest over…the false and unfounded allegations against the Islamic Republic of Iran was conveyed to him," Foreign Ministry Spokesman Bahram Qasemi said in a statement.
The envoy was reminded that such baseless claims would further encourage terrorists to intensify their acts of violence, he said, adding that attempts at inciting religious strife would only add to tensions and instability.
Senior clerics have called on authorities to address the worsening economic problems and crack down on lawbreakers who have contributed to the unprecedented chaos in diverse industrial and commercial sectors.
In a statement issued on Thursday, Grand Ayatollah Nasser Makarem-Shirazi said the people are not satisfied with the government's handling of the economic problems and urged those in charge to take practical measures to improve the situation, ISNA reported.
"Meeting basic needs has become very difficult [for the people] because of galloping inflation and rising prices. People acknowledge that foreign sanctions have put the economy under pressure. But they also ask why changes have not taken place in the Cabinet. Why experienced economic experts are not reached out to."
Iran on Thursday signed a cooperation treaty with the Association of Southeast Asian Nations, which Foreign Minister Mohammad Javad Zarif described as an opportunity to work more closely with Southeast Asia.
“Iran has had good cooperation with ASEAN nations in the past. From now an opportunity will open up for Iran to get closer to the fifth largest economic group in the world and a significant economic bloc in Southeast Asia that has had a successful record,” Zarif told IRNA after signing the Treaty of Amity and Cooperation in Singapore.
Foreign Minister Mohammad Javad Zarif on Thursday castigated the United States’ decision to impose...
President Hassan Rouhani has sent a message of felicitation to the President of the Swiss Confederation...
Denmark has yet to grant permit for the construction of the Nord Stream 2 gas pipeline in its territorial...
Iran and Pakistan may initiate in September the much-awaited parleys on how to advance...
Saudi Arabia is cutting the September official selling prices for all its grades and to all markets...
The US has been unable to persuade China to cut Iranian oil imports, according to two officials familiar...
Chronic electricity cuts in Iraq have made households cope with relentless summer highs of...
India’s monthly oil imports from Iran surges by about 30% to a record 768,000 barrels per day in...
A water desalination plant, with a capacity of treating 10,000 cubic meters of saltwater daily, has been launched in Bandar Torkaman in the west of Golestan Province. “The private sector invested over 300 billion rials [$6.8 million] in the plan, which will alleviate the shortage of potable water in the cities of Bandar Torkaman and Gomishan,” Energy Minister Reza Ardekanian was quoted as saying by ILNA on Thursday.
Iran's gasoline output has risen by 18 million liters per day in the first four months of the current fiscal (started March 21), registering a 24% growth compared with last year's production, a deputy oil minister said.
"Current gasoline output stands at 93.8 million liters per day, which reached 75 million liters per day at the end of last fiscal year," Alireza Sadeqabadi, chief executive officer of the National Iranian Oil Refining and Distribution Company, was also quoted as saying by Shana.
"The output rate will reach 95.5 ml/d in the coming days, as several refineries' overhaul operations are being completed," he added.
Iran exported 536,549 tons of watermelons worth $98.97 million during the first four months of the current fiscal year (March 21-July 22),the Islamic Republic of Iran Customs Administration’s statistics show. Iraq, the UAE and Afghanistan were the main customers of Iranian watermelons during the period under review.
Following last year’s outbreak of the deadly avian flu virus across Iranian chicken farms, which led to the culling of more than 27 million chickens and inflicted losses worth more than half a billion dollars in, Iran Veterinary Organization has taken important steps to help reduce the virus’s destructive effects this year.
In an exclusive interview with Financial Tribune, Director General of IVO’s Health and Management of Poultry Diseases Office Alireza Akbarshahi explained that for containing the deadly virus, the organization has seriously considered using vaccines at the close of last fiscal year (ended March 20, 2018).
“It was decided to undertake the vaccination of the highly acute avian flu in poultry farms across 12 provinces. Vaccination started since the beginning of the Iranian calendar month of Tir (June 22-July 22) in egg production units of Qazvin, Alborz, Tehran and Qom provinces. The process is set to continue later in the provinces of East Azarbijan, Mazandaran, Gilan, Golestan, Markazi, Fars and Khorasan Razavi,” he said.
People and the Iranian Red Crescent Society donated a total of 4,000 billion rials ($90.9 million) to the quake-hit Kermanshah, the provincial governor of the western Iranian province said.
“About 53,560 billion rials ($1.21 billion) in facilities (government loans) have been allocated to the people of quake-stricken areas of Kermanshah since the beginning of earthquake relief work, a significant part of which has been paid out,” Houshang Bazvand added.
He put the damage inflicted on the infrastructures of the province at 12,410 billion rials ($282.04 million).
Iran’s largest holding, Social Security Investment Company has announced plans for privatizing its subsidiaries.
SSIC, also known by its Persian acronym Shasta, says it will sell a 16% stake in Tamin Petroleum and Petrochemical Investment Company on August 15.
The Tehran Stock Exchange-listed TAPPICO is the exchange’s largest company with a nominal capital tag of 81.5 trillion rials ($1.82 billion), Bourse Press reported.
The sale will include 13.4 billion shares with a base price of 2,600 rials each. Shasta is asking for the entire amount in cash and is being advised on the sale by Saba Brokerage.
The Ministry of Industries, Mining and Trade issued 4,653 industrial establishment permits during the first three months of the current fiscal year (March 21-June 21), registering an increase of 20% compared with last year’s corresponding period, Shata news agency reported.
A total of 1,123 permits were issued for industrial activities, 126 for mineral operation, 235 for mineral exploration and 101 for mineral discovery during the three-month period.
About 3,144 tons of cardboard worth $6.36 million were imported into Iran from 17 countries during the last Iranian year (March 2017-18), based on figures released by the Islamic Republic of Iran Customs Administration.
China was the biggest exporter of the product to Iran over the period, with around 836 tons worth $3.75 million. Other exporters include Spain, Germany, the UAE, the UK, Italy, Bulgaria, the US, Portugal. Taiwan, Turkey, South Korea, Serbia, Oman, France, the Netherlands and Hong Kong, Mizan Online news agency reported.
Iran traded 10,231 tons of non-oil commodities worth $6.93 billion with China during the first four months of the current fiscal year (March 21-July 22), registering an 11.61% decrease in tonnage and 9.57% increase in value compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s statistics indicate. Iran’s exports to China stood at 9.04 million tons worth ...
Iran’s steel, metals and minerals trade with the world could be seriously hampered and limited to the local market, as the United States’ sanctions against the Islamic Republic are reimposed on Monday.
The administration of US President Donald Trump decided to reintroduce sanctions on Iran’s metals and minerals trade as well as other commodities after he pulled out of the 2015 Iran nuclear deal, otherwise known as the Joint Comprehensive Plan of Action.
This is set to hit Iran’s metals and minerals trade worldwide, as the US is also imposing secondary sanctions involving penalties on countries trading these products with Iran, including in the European Union where some countries have become increasingly important business partners of Iran since sanctions were lifted after the nuclear deal became effective in early 2016, S&P Global Platts reported.
The government's new package to salvage the volatile currency market agrees with the lawmakers' own plans for strengthening the rial, the chairman of Majlis Economic Commission said.
Mohammad Reza Pour-Ebrahimi also told the parliamentary website ICANA that the government has announced taking the parliament's views into account while preparing the yet-to-be released package.
The parliamentary measures were put together as a double-urgency bill by lawmakers at the height of the forex market volatility in April when Majlis threatened to introduce legislation if the government drags its feet.
At the time, lawmakers allowed the government to proceed with its own plan, which Pour-Ebrahimi harshly criticized as inefficient.
As Iran continues to battle a currency crisis mainly brought about by expectations of worsening international ties because of the reimposition of US sanctions, the country’s housing market has experienced extreme fluctuations, especially in terms of prices, and its future seems completely tied to currency developments in the coming months.
Mohsen Biglari, a member of Majlis Presiding Board, points out that five years of housing stagnancy that moved into recovery mode from about six months ago, coupled with the currency shocks, have severely impacted the market.
“Home prices are experiencing a jump, as purchasing a house has turned into a dream for many households,” he told HIBNA.
Germany’s central bank, Bundesbank, has revised its regulations to stop Iran from withdrawing €320 million ($400 million) in cash from the country’s bank accounts.
Under the new conditions, Bundesbank can stop cash transfers that violate US Treasury sanctions, the German newspaper Bild disclosed.
The drastic measure to physically ship the cash out of Germany has been interpreted as a sign of Tehran’s declining trust in European financial institutions, as the US Treasury tightens its screw on the Persian Gulf country's global financial operations.
The repatriation would have been “one of the largest cash transfers ever in German history”, a spokesman for the country’s finance minister admitted.
Iran’s intelligence forces disbanded a criminal ring on Thursday involved in foreign currency and gold smuggling. Coordinated security operations across the northwestern province of West Azarbaijan, Tehran and some other provinces resulted in the arrest of 15 members of the ring and seizure of $500,000 worth of foreign currencies. Another half a million in fake dollars and 122 million in fake dinars, as well as equipment for making counterfeit gold coins, were also confiscated from the criminal network, IBENA reported. The government is struggling to stabilize the currency market and clamp down on an unofficial market that has seen the rial plunge to record lows in recent weeks.
After weeks of tepid performance, a wave of good news regarding changes in the government's foreign exchange policy heaved stocks to heights never seen before.
Overall, TSE's all-share index TEDPIX, jumped by 15,151.2 points or 13.92% during the week that ended on August 1 to close at 123,951.3.
Iran Fara Bourse’s benchmark index, IFX, surged by 196 points or 16% to stand at 1,428.5.
Minister of Industries, Mining and Trade Mohammad Shariatmadari is scheduled to inaugurate Iran’s first iron ore beneficiation plant in Kerman Province on Saturday, his deputy Masoud Karbasian announced on Wednesday. “The beneficiation plant uses low-grade hematite iron ore extracted from Jalalabad Iron Ore Mine,” said Karbasian, who also doubles as the head of Iranian Mines and Mining Industries Development and Renovation Organization. He added that the project has been implemented with an investment of 1.57 trillion rials ($35.6 million) by Fakoor Sanat Tehran Engineering Company, Shata reported.
Following US President Donald Trump’s May 8 decision to withdraw from the Joint Comprehensive Plan...
Prices in the Iranian semi-finished steel export market decreased somewhat in the week ended...
Director of a government-backed investment fund has called Iranian startups sheer copycats who just duplicate examples of successful foreign firms, unleashing a heated debate on social media platforms with many local entrepreneurs denouncing the official’s comments.
NSFund Director Behzad Soltani criticized Iranian startups for lacking originality, saying innovative ideas in domestic business plans have become a rarity, as most entrepreneurs merely replicate international examples, reported ISNA.
Addressing domestic entrepreneurs, Soltani said, “This is the key question: Where is your innovation?” adding that while the Iranian startup ecosystem has observed a significant boom during recent years, many firms are carbon copies of foreign examples and application of innovative ideas has been limited to the marketing aspect in the sector.
“Our statistics indicate that merely one-third of startups have developed innovative products,” he added.
Tapping the potential of blockchain technology, Iran ICT Ministry and the National Library signed a memorandum of understanding to digitize the library's massive archives and create an open data platform that can help promote successful business ventures.
ICT Minister Mohammad Javad Azari-Jahromi and Ashraf Boroujerdi, head of the National Library and Archives of Iran (NLA), signed the MoU on Tuesday which aims to establish a smart system which can provide the public with access to the library's priceless collection of historical manuscripts, print newspapers and more.
Boroujerdi says the agreement basically paves the way for the transformation of the library's database into a digital format that can be accessed by all across the globe.
Online retail giant Amazon.com Inc, whose entry into Australia last year rattled established...
As expected, the first major test flights for Boeing and SpaceX’s new passenger spacecraft have been...
Chile's government on Wednesday began restricting tourism to Easter Island, which is known for its...
Iran's tourism industry awaits brighter days thanks to the recent approval of a bill which envisages the conversion of Iran's Cultural Heritage, Handicrafts and Tourism Organization into a ministry, president of the Iranian Hoteliers' Society said.
Optimistically welcoming the new transition, Jamshid Hamzehzadeh said it might not do a miracle, but "it would at least create real and efficient developments in the industry," ISNA reported.
Pointing to the current poor relationship between ICHHTO and the private sector, whose outcome was nothing but stagnation of the tourism industry, Hamzehzadeh as a representative of the sector hoped the changes will help bridge the gaps in the industry.
"Professionalism, as a fundamental but ignored factor in appointing ICHHTO chiefs, is expected to step into the spotlight once again."
An underperforming tourism market and poor management are pushing hotels in the northwestern province of Razavi Khorasan toward the brink of bankruptcy, a veteran hotelier warned.
"Hotels in the province are facing bankruptcy because of lack of effective management and a low rate of visitor arrivals. Had their owners been advised properly in the first place, they would have preferred to invest in other key, promising sectors such as water and power," Jafar Attar told ISNA on Thursday.
The number of rental homes in the provincial capital Mashhad has multiplied over the past few years, fueling a slowdown in the hotel market.
More than 10,650 Spanish visitors traveled to Iran during the last Iranian year (March 2017-18), which is 9.5% higher than the year before. Iranian tourism authority's annual report on foreign visitors also shows that Spanish tourists accounted for 4.14% of the total number of European visitors to Iran last year.
Nearly 9,800 Iranian tourists also visited Spain during the last fiscal year, ICHHTO statistics show.
A tourism official criticized the government's neglectful approach to medical tourism, depriving the country of a considerable potential source of national income.
"The medical tourism, which offers a potential to attract many millions of tourists from the region and beyond, has been left neglected and is being managed only by one person," Mohammad Reza Pouyandeh said in a recent talk with IRNA.
"In the not too distant past, our health and medical sector had a secretariat and was run by a specialized committee but the number of its experts has dropped to one," he said.
The August sun sparkles on the Seine River beyond the imposing Eiffel Tower, but the many...
The number of foreigners visiting Dubai, a Persian Gulf tourism hub, grew by 0.5% in...
Despite a century of scientific scrutiny, the 5,000-year old Neolithic monument in southern England...
Feature film “The Redhead” by Karim Lakzadeh will be competing in the 4th Quito...
Pop and traditional singer Ali Zand-Vakili will perform four concerts in Milad Tower on August 6-7.
Short animation “The Bystander” directed by Sheyda Kashi has entered the lineup for...
Filmmaker and film editor Pouya Parsa-Maqam’s solo exhibition is underway at Dastan Gallery...
Musicians from Hungary, Germany, Turkey, Norway, Sweden, the Netherlands and France plus...
An online database on information and documents of Iranian cinema has been launched by the Cinema...
Fusion band Chaartaar will perform four concerts in Tehran.
Kurdish music band “Tarang” is to stage a concert on August 9 in Tehran.
Turkish Foreign Minister Mevlut Cavusoglu and US Secretary of State Mike Pompeo agreed on...
Zimbabwe's capital was quiet on Friday hours after President Emmerson Mnangagwa was declared...
At least 55 people, including women and children, have been killed in Yemen’s Red Sea port...
Four people have tested positive for Ebola in eastern Democratic Republic of Congo just days after...
A bipartisan group of US senators is introducing legislation to impose new financial penalties on Russia.
Mali’s presidential election will go to a runoff poll after President Ibrahim Boubacar...
Apple Inc on Thursday became the first $1 trillion publicly listed US company, crowning a decade-long...
In its monthly economic bulletin, ISTAT said its latest composite leading indicator “continues to decline”, as...
Multiple key Asian economies released their purchasing managers’ index data for July this week.
China’s Huawei raised its forecast for full-year smartphone shipments to more than 200 million and said...
Mexico’s central bank held its main interest rate steady on Thursday and trimmed its outlook ...
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing...
As the federal deficit rises, the US Treasury plans to borrow $329 billion between July and the end...
US-based ratings agency Standard & Poor’s has raised its forecast for gross domestic product growth...
China just lost its ranking as the world’s number two stock market. After a Thursday slump, Chinese...
Southeast Asia’s foreign ministers on Thursday reiterated the need to integrate further and stay...
Profits at Britain’s Royal Bank of Scotland almost evaporated in the second quarter after a vast...
Sri Lanka has missed a June forex reserve target in an International Monetary Fund program, and the...
Subscribe to our daily newsletter.
More from DEN Media Group:
© Financial Tribune Daily and Contributors 2014-2018