The United States is trying to push Iran into surrendering through the imposition of sanctions...
The United States is trying to push Iran into surrendering through the imposition of sanctions...
Iran has reiterated its position that there is no military solution to the protracted conflict in Yemen...
The leader of Lebanon’s Hezbollah movement said on Tuesday that US sanctions against Iran will...
Foreign Ministry Spokesman Bahram Qassemi offered condolences to the Italian people and...
Saeed Barati, an Iranian border guard kidnapped by terrorists last year has been...
Iraq plans to reduce visa fees for Iranian pilgrims wanting to visit the country for a major religious...
Iran has “categorically” rejected a report by UN experts which claims that al-Qaeda leaders...
Iraqi Interior Minister Qassem al-Araji said he has reached agreement with his Iranian and Turkish...
President Hassan Rouhani said the agreement signed by the five Caspian Sea littoral states' leaders in...
The National Petrochemical Company is not concerned about exports despite the US unilateral sanctions because a large part of the firm's commodities are sold to European Union countries that have pledged commitment to the Iran nuclear deal.
Reza Norouz-Zadeh, chief executive officer of NPC, made the statement while addressing a group of petrochemical company managers in Tehran, Mehr News Agency reported.
On May 8, US President Donald Trump announced that his country would exit the deal and reinstate the previously lifted sanctions on Iran.
South Korea’s imports of Iranian crude rose around 15% in July from a month earlier.
As the US and Iran continue to trade barbs over the reimposition of economic sanctions...
Iran's Oil Minister Bijan Namdar Zanganeh will attend a meeting of OPEC and non-OPEC committee...
India, the second biggest crude customer of Iran, may cut its imports from the Islamic Republic by...
British renewable energy investor Quercus said it will halt the construction of a €500 million...
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Indonesia’s PT Pertamina will get an extra 225,000 barrels per day of crude oil under a government plan ...
Iran's oil sector can retain its old customers in spite of US sanctions that will take effect on Nov. 4, a senior energy analyst said.
“Some countries in Europe are traditional consumers of Iranian crude and the European Union intends to support Iran in the Joint Comprehensive Plan of Action,” Seyyed Mehdi Hosseini was also quoted as saying by ISNA.
In July 2015, the P5+1 group of countries—the US, Britain, France, China and Russia, plus Germany—signed JCPOA with Iran. Nonetheless, on May 8, Trump announced that the US was withdrawing.
The Energy Ministry has called on the Renewable Energy and Energy Efficiency Organization—a state-owned entity also known as Satba—to prepare the ground for private sector investment in and export of renewables.
According to the directive, Satba is obligated to devise the regulations and establish the infrastructure for investors to generate and sell electricity to foreign buyers.
Peyman Taqipour, a director at Satba, told Financial Tribune that Satba has made available the tools through which all domestic and foreign investors are welcome to start new ventures.
"Accordingly, legal or natural entities keen on producing renewable energy in the country will be granted land and network access," he said.
Close to 89,220 tons of different kinds of dates worth more than $102 million were exported from Iran to 69 countries during the first four months of the current Iranian year (March 21-July 22).
This shows a 14.4% and 27.7% rise in weight and value respectively compared with the similar period of last year, figures released by the Islamic Republic of Iran Customs Administration show.
The top 10 export destinations for Iranian dates during the period were India with $17.87 million worth of imports, Iraq with $14.8 million, Pakistan with $14.6 million, Turkey with $12.62 million, Kazakhstan with $8.2 million, Afghanistan with $5 million, the UAE with $3.95 million, Russian with $3 million, Azerbaijan with $2.33 million and Malaysia with $1.98 million.
Tehran is one of the top five cities in the world to have improved by 5 percentage points or more in livability over the past five years, according to the Economist Intelligence Unit.
The scores were compiled and weighted between 1 and 100, with 1 considered intolerable and 100 being ideal.
Tehran’s overall livability score is 50.8 out of 100, registering an improvement of 5% since 2013, while it ranks 128 out of 140, dropping one place compared to EIU's 2017 report.
More than 875 tons of potato seeds worth $1.63 million were imported into Iran from five countries during the last Iranian year (March 2017-18), data released by the Islamic Republic of Iran Customs Administration indicate.
The Netherlands was the biggest exporter with more than 505 tons worth close to $1.03 million. Other exporters of potato seeds to Iran during the period were Germany, Ireland, France and Denmark, Mizan Online reported.
Iran exported 88,940 tons of Persian melons worth $34.43 million during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration’s latest data show.
Iraq, the UAE, Oman, Qatar and Russia were the main customers of Persian melons during the period.
Iran Airports & Air Navigation Company, an arm of the Ministry of Roads and Urban Development, has purchased €81.38 million worth of airport equipment since the nuclear deal was signed between Iran and world powers in 2015, the ministry’s news service reported.
Referring to Washington’s recent pullout from the nuclear deal and reimposition of sanctions against Iran, Managing Director of Iran Airports Company Rahmatollah Mahabadi said, “We knew the removal of sanctions was temporary from the beginning and today we’re not facing any challenges in airports, which could disturb our course of actions. We’ve done all our purchases in the past two years.”
Iran traded 455,922 tons of non-oil commodities worth $326.43 million with Taiwan during the first four months of the current fiscal year (March 21-July 22), registering a 19.31% and 7.57% decline in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration’s latest data show. Iran’s exports to Taiwan stood at 406,355 tons worth $205.21 million, down 17.86% in tonnage and up 10.77% in value respectively year-on-year. Taiwan was Iran’s 12th biggest export destination during the period. Iran mainly exported metal and steel ingots, non-alloy metal and steel, and liquefied propane to Taiwan during the four-month period. Meanwhile, Taiwan exported 49,566 tons of goods worth $121.21 million to Iran, down 29.48% and 27.80% in tonnage and value respectively YOY. Taiwan was the 22nd major exporter of goods to Iran over the four months. The imports mainly included steel products, chemicals and synthetic fibers.
Less than a decade ago, education, especially in prestigious universities, was considered a powerful cultural asset, but now the phenomenon of non-conformity of education with what a person does to earn a living is a serious issue facing Iran.
Add to this the pervasive unemployment of young university graduates.
There are many reasons for this development and solutions have been proposed to alleviate the harm it has caused.
More than 2.4 million tons of agricultural and food products worth $2.08 billion were exported from Iran during the first four months of the current Iranian year (March 21-July 22), to register a 25.2% growth in value compared with last year's corresponding period.
This growth indicates an all-time record high, based on a report released by the National Agriculture and Water Strategic Research Center, citing the Islamic Republic of Iran Customs Administration's latest data.
The average price of renting a residential unit in Tehran jumped significantly on a year-on-year basis...
About 1.77 billion transactions worth 2.03 quadrillion rials ($48.33 billion) were transacted by Shaparak...
Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market.
"We have said repeatedly that we do not interfere with the [exchange] rate and the market will stabilize itself," Hemmati told reporters on Wednesday after the weekly meeting of the Cabinet.
He added that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market, ISNA reported.
Hemmati noted that the sheer size of the secondary market will exert its impact on stabilizing the rates.
A bill is under review by parliamentary committees to boost the gold jewelry sector by exempting domestic producers from a 9% value-added tax on sales, the head of Gold and Jewelry Union said. “In our negotiations with Majlis Research Center, Majlis Economic Commission and other lawmakers, we set out the case for new gold jewelry products … to be exempted from value-added tax,” Ayat Mohammad Vali also told ICANA on Wednesday. “The new law has been approved by the economic commission, but has yet to go to the floor,” he added. The tax policy has met strong criticism for undermining the jewelry manufacturing sector and eroding the competitive edge of Iranian exporters. Mohammad Vali noted that the exemption would ensure a competitive edge for those seeking to enter the jewelry export market.
Iran’s major aluminum companies produced an aggregate of 121,909 tons of aluminum products during the first four months of the current fiscal year (March 21-July 22), which indicate an 11% increase compared with the corresponding period of last year, Iranian Mines and Mining Industries Development and Renovation Organization reported.
The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market.
The above statement was made by economist Vahid Shaqaqi Shahri in an interview with ISNA.
The new forex policy announced by Abdolnasser Hemmati, as his first move as the new head of the Central Bank of Iran, has managed to prevent the rise in forex market prices and consequently of gold coins, to some extent.
Of the nearly 20,000 physicians registered with the Tax Administration of Tehran Province, only 11,000 have filed their tax returns for the last fiscal year (ended March 20, 2018), director of the administration said.
“The average income tax, declared by themselves, was around 57 million rials ($712), while realistic estimates by the tax administration based on their income in the fiscal 2016-17, put the figure at around 140 million rials ($1,750),” Mohammad Reza Nouri was also quoted as saying by IRNA.
The official noted that the administration also looked into the records of 500 high-income physicians.
The government is set to clear part of its debt to Social Security Organization by issuing 12 trillion rials ($150 million) of equity-based Ijarah sukuk on the capital market.
The three-year bonds, with a 19% interest yield, will be traded on IFB,” Gholamreza Aboutorabi, the head of Central Securities Depository of Iran, said.
The date of issue has not been announced yet.
Tehran Stock Exchange’s main index lost 450.82 points or 0.34% on Wednesday to end trading at 130,476.9.
About 1.15 billion shares valued at $44.99 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
Kerman Cement Company was the biggest winner, as its shares went up 22% to 2,884 rials per share.
Hafez Tile Company incurred the biggest loss among all TSE-listed companies and went down 5% to 2,852 rials per share.
Germany’s plastics and rubber machinery trade association, VDMA, has highlighted the importance...
US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which saw the market take a break from its months-long bullish run.
Over the past few days, car prices have jumped 6 to 20 million rials ($1,420 to $4,760) reacting to the news that President Hassan Rouhani’s administration might implement “free market reforms” in the auto industry and cut the state-backed Competition Council out of the price-setting process.
The Competition Council is a state body which when it comes to the auto industry is in charge of setting the price of vehicles under 450 million rials ($10,714).
Since the beginning of the current fiscal that started in March, Iran’s largest auto manufacturer, Iran Khodro has sold and presold 274,000 cars.
Since March, the value of the rial has plummeted to unprecedented lows with most Iranians investing their savings in foreign currencies or goods like cars leading to a sharp spike in demand and prices.
IKCO’s sales and marketing deputy, Mostafa Khankarami, says in order to address the excessive demand and calm down the markets, IKCO put 274,000 cars on offer through various sales and presale plans, IKCO Press reported.
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Construction of an artificial pond in East Azarbaijan Province, illegally using the water share of the troubled Urmia Lake, was immediately put to a stop on the order of the Department of Environment in a written letter to the General Governorate.
After the news went viral on social media, environmentalists at Urmia Lake Restoration Project investigated the case and discovered the injudicious construction of a dam on Ajicay River that is supposed to feed the desiccating Urmia Lake, IRNA reported.
Farhad Sarkhosh, the head of ULRP, blamed the illegal work on Tabriz Municipality that took advantage of the environmental bodies' unawareness, trying to hold back the river to build an artificial pond in its proximity.
"While sustained effort is being invested into reviving Urmia Lake, such unlawful encroachment on the Lake's water right is utterly unjust," he lamented.
Although the cities and villages of Khuzestan Province are still grappling with the thick smoke rising from the wildfire in the Iraqi side of Hour-al Azim wetland, Iran has suspended its fire fighting operations after they proved ineffective in containing the blaze.
According to Adel Mola, a deputy at the provincial office of the Department of Environment, spraying water by choppers and water-dropping aircraft have not been helpful so far, so the efforts were abandoned.
“The only way to put out the flames is to open water toward the wetland from its feeders, the Tigris in Iraq and Karkheh in Iran,” he said in a talk to IRNA, calling on diplomatic bodies to pursue the matter.
Ground operations are impossible since the area contains live landmines remaining from the eight-year Iran-Iraq war (1980-88).
Several days of intensive veterinary treatment failed to save a male Asiatic Cheetah cub that suffered a severe spinal injury in a road accident last week.
"Despite all efforts by the veterinary team at Pardisan Park, the seven-month-old cheetah cub injured last week in a road accident in Abbasabad protected area near Shahrud, Semnan Province, died last night," the Department of Environment's website reported on Wednesday.
The impact had severed his spinal cord at the fifth lumbar vertebra, the report said.
Storm clouds gathered over southern Oregon and northern California early on Wednesday...
Manmade global warming and a natural surge in earth's surface temperature will join forces...
Austrian Ambassador in Tehran Stefan Scholz expressed his side’s readiness to engage in academic cooperation with Iran on resolving the water crisis. Speaking during a visit to the Yazd University on Tuesday, Scholz said, “The Austrian Embassy in Iran is ready to play the role of a facilitator in developing scientific relations between the Yazd University and Austria’s universities, particularly on renewable energies, sustainable tourism and water crisis management,” IRNA reported.
Celebrated actor Ezzatolah Entezami passed away on Friday at Bahonar Hospital in north Tehran. Entezami, who had retired due to ill-health, died of cardiac arrest early in the morning on Friday, ISNA reported. According to his famous musician son Majid, the veteran actor suffered from kidney, liver and brain problems in recent years. He was 94. The legendary Entezami will be always remembered by the Iranian film industry and the cross-section of the society for his extraordinary talent and skills as well as his professionalism and kind disposition. He was always generous to the youth and involved in philanthropy.
Short film "Endless?" directed by Maryam Zahiri-Mehr and feature film "The Last Class" by Mohammad Kheimehgahi had their world premiere at Regina International Film Festival in Regina, capital of the Canadian province of Saskatchewan, August 14-18.
Endless? is about a grief-stricken, reclusive woman, her painful past and the trauma that lingers on, IRNA reported.
The Last Class follows Navid, a 10-year-old boy, who along with his classmates decides to buy a watch as a gift for his teacher who has not attended class for a long time. However, he cannot afford the watch with his own meager savings.
Afghan-Iranian drama “Parting” directed by Navid Mahmoudi is to be screened in Chinese cinemas.
The French company DreamLab Films owns the rights to distribute the film worldwide. Chinese cinemas will show Parting in autumn, ILNA reported.
It is the story of two young Afghans, Fereshteh and Nabi, who are in love, but Fereshteh has to join her parents and leave her war-ravaged country to find refuge in Iran.
Nabi decides to cross the border illegally, find Fereshteh and take her to Europe via Turkey to build a better and prosperous life.
Life of prominent contemporary writer Mohammad Ali Jamalzadeh, often dubbed as the father...
Calligraphy Museum of Iran is equipped with a new augmented reality application that guides its visitors...
Classical vocalist Homayoun Shajarian unveiled his new album “My Iran” in a ceremony...
Cinemas are showing “Walking on String” written and directed by Ahmadreza Motamedi.
Masoud Jafari-Jozani’s latest film “Behind the Wall of Silence” on the scandal related to...
Modernist trends and movements in visual art in Iran are to be reviewed by a group of acclaimed...
Panora Shopping Mall in Ankara is showing a selection of Persian rugs and tableau rugs.
South Korean President Moon Jae-in said on Wednesday his visit to Pyongyang next month...
Saudi-UAE coalition airstrikes on Yemen’s Hodaida province have killed and wounded...
The man being held on suspicion of terrorism after the Westminster car crash has been named...
US National security adviser John Bolton will travel to Geneva next week to meet with his Russian...
Rescue workers combed through the rubble of Italy’s bridge collapse on Wednesday as the death toll...
Hundreds of Roman Catholic priests in Pennsylvania molested more than 1,000 children—and...
Afghan forces appeared to have finally pushed Taliban fighters from the strategic city of...
Inflation in the UK climbed in the month of the July, as had been expected, according to the latest...
South Africa’s fiscal consolidation will be slower than the government estimates because...
Nigeria’s National Bureau of Statistics says the consumer price index, which measured inflation for...
Bread shortages have hit Sudan, with wheat traders blaming a foreign currency crisis for...
Turkey has raised tariffs on some US imports, including passenger cars and tobacco...
South Korea President Moon Jae-in on Wednesday offered a bold vision for economic cooperation...
China says it is challenging a US tariff hike on solar panels before the World Trade Organization, adding...
The Dutch economy continues to grow strongly and economic growth is even accelerating, according to...
The World Bank’s International Finance Corporation said on Tuesday it is keen to provide more than the...
Cyclical indicators point to slower and more uneven growth in the global economy for...
New Zealand’s parliament passed a law on Wednesday to ban many non-resident foreigners from...
Eurozone growth was better than expected in the second quarter, flash estimates showed late Tuesday...
The Philippine economy in 2018 is a story that can be summed up in a few words: Surging...
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