The United States told UN judges Tuesday they had no jurisdiction to rule on Tehran's demand for...
The United States told UN judges Tuesday they had no jurisdiction to rule on Tehran's demand for...
The Parliament is keen on developing legislative cooperation with the People's Assembly...
Lawmakers were apparently not convinced with President Hassan Rouhani's answers Tuesday to their questions on the deteriorating economic conditions. The parliament had invited the president to learn more about his administration's handling of the economy following a new round of US sanctions.
It was the first time Rouhani had been called by the MPs in his five years in office. Lawmakers, especially his political opponents, demanded answers to a wide range of key issues, namely rampant smuggling, US banking sanctions, rising unemployment, weak economic growth and the unprecedented tanking of the rial, which has lost more than half its value since April.
The summit between Iranian President Hassan Rouhani, Turkish President Recep Tayyip...
Intelligence Minister Mahmoud Alavi said his forces smashed two terrorist teams in the western...
Iranian Ambassador to Baghdad Iraj Masjedi underlined continued support for the neighboring...
President Hassan Rouhani sent a message to Oman’s Sultan Qaboos bin Said Al Said.
The support and freedom provided by the United States to the Saudi-led military attacks in...
Using nuclear reactors to run seawater desalination plants can be cost-effective in areas straddling the southern coasts of Iran, as they meet most of their potable water demand from nearby provinces, an energy analyst said.
“The cost of treating seawater using fossil fuels is 40 cents for each cubic meter of water, while it stands at five cents in nuclear desalination plants,” Misaq Molaei was also quoted as saying by Mehr News Agency on Tuesday.
According to Molaei, the first and second phases of the desalination unit of Bushehr Nuclear Power Plant in the southern province have the capacity to desalinate 5,000 and 10,000 cubic meters of saline water per day.
The Bushehr plant is situated 17 km southeast of the city of Bushehr.
Projects to connect 10 towns and 1,900 villages across the country to the national gas have been completed and new subscribers will join the grid this week, the National Iranian Gas Company's director for gas distribution said.
"The scheme, with a total value of 22 trillion rials [$220 million], will supply fuel to over 19,000 households in underprivileged areas with natural gas," Saeed Momeni was also quoted as saying by Shana.
All the new cities, including Nehbandan, Sarv and Shusef in the southern tip of South Khorasan Province, as well as Khur, Anarak, Jandaq and Farrokhi in the desert parts of Isfahan Province, are located in underprivileged areas.
The National Iranian Drilling Company is scrutinizing proposals presented by the Italian giant oil company Eni as well as Russia's Lukoil to undertake drilling projects in Iraq. Karam Ali Naderi, NIDC's marketing manager, made the statement on the sidelines of a ceremony to sign a memorandum of understanding with a domestic Iraqi drilling company in Ahvaz, aimed at conducting drilling and overhaul operations in Basra and Zubair oilfields, Shana reported.
"Eni and Lukoil have won tenders to implement drilling operations in Iraq," he said, noting that NIDC has received proposals to join after selecting an Iraqi business partner.
Oil prices dipped on Tuesday, weighed down by gradually rising output from producer club OPEC.
The Saudi king spoke and a $2 trillion dream went up in smoke.
France’s oil and gas major Total—one of the few majors without exposure to shale...
Equinor has raised the resource estimate for its giant oilfield Johan Sverdrup in the North Sea...
OPEC and its Russia-led non-OPEC partners in the production cut deal reduced their total oil production...
A total of 7,246 tons of sunflower oil worth $12.69 million were exported from Iran during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration’s data show. Afghanistan, Pakistan, Iraq, Turkmenistan and Armenia were the main customers of Iranian sunflower oil during the period. Refined sunflower oil had a share of 6,420 tons worth $11.14 million in overall exports while the rest belonged to unrefined sunflower oil.
Iran’s non-oil foreign trade during the first five months of the current fiscal year (March 21-Aug. 22) stood at $38.2 billion, indicating a 0.8% rise compared with last year’s corresponding period.
Exports, excluding crude oil, mazut, kerosene and suitcase trade, hit 46.29 million tons worth $19.31 billion, indicating a 2.94% decrease in weight and a 13.7% increase in value year-on-year, the latest report by the Islamic Republic of Iran Customs Administration shows.
Imports amounted to 13.96 million tons worth $18.89 billion, down 5.82% in weight and 9.66% in value over last year’s similar period.
A full-fledged agreement on a free trade zone between Iran and the Eurasian...
Around 7.2 million tons of non-oil commodities worth $3.4 billion were exported from the southern Bushehr Province during the first four months of the current Iranian year (March 21-July 22), showing a 38% rise in value compared with the corresponding period of last year.
According to Behrouz Qarehbeygi, the deputy head of Bushehr Customs Office’s General Bureau for Exports and Transit, the exported goods over the four-month period mainly included gas condensates, petrochemicals, cement, fish, shrimps, agricultural products and gypsum, IRNA reported. About 37.8 million tons of commodities worth $15.08 billion were exported from Bushehr Province in the last fiscal year (ended March 20, 2018), the head of Bushehr Industries, Mining and Trade Organization announced. Speaking to IRNA, Hossein Hosseini Mohammadi added that China, South Korea, the UAE, India, Japan, Indonesia, Turkey, Taiwan, Kenya and Qatar were the main customers.
The Supreme Council of Economic Coordination has recently approved a bill that aims to improve the economic viability of development projects and attract private sector investments in the government’s incomplete projects. To facilitate this, gains from investment by cooperatives and private sector in public-private partnerships and privatization deals will not be subject to taxation for 10 years from the date of the agreement or its commercial operation, Otaghiranonline.ir reported.
The average goods and services Consumer Price Index for urban areas in the 12 months ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 11.5% compared with last year’s corresponding period, according to the latest report released by the Central Bank of Iran. The CBI had put the inflation rate for the preceding month of Tir, which ended on July 22 at 10.2%. The overall CPI (using the Iranian year to March 2017 as the base year) stood at 133.8 in Mordad, indicating a 5.5% increase compared with the previous month. The index registered a year-on-year increase of 24.2% compared with the similar month of last year.
President Hassan Rouhani appointed former treasurer, Rahmatollah Akrami, as the caretaker of the Ministry of Economic Affairs and Finance following the impeachment of Masoud Karbasian on August 25.
Karbasian failed to gain the parliament’s vote of confidence by 137 votes to 121, with two abstentions in the 290-member chamber on Saturday, ISNA reported.
He was the second minister in President Rouhani’s Cabinet to be impeached this month. His minister of cooperatives, labor and social welfare, Ali Rabiei, was expelled on August 8.
A total of 1,735 tons of bicycle frames worth over $3.6 million were imported into Iran from three countries during the first four months of the current Iranian year (March 21-July 22), according to the latest data released by the Islamic Republic of Iran Customs Administration.
China was the biggest exporter with around 1,630 tons of exports worth $3.43 million. Other major exporters of bicycle frames to Iran during the period were the UAE and Taiwan, Mizan Online reported.
The Central Bank of Iran on Tuesday released its latest data concerning Tehran's housing market, indicating that the volume of home deals has significantly declined as prices have jumped for the third month in a row.
According to a report published on CBI's website, the number of home deals registered in Tehran during the fifth month of the current fiscal year that ended on Aug. 22 stood at 12,006, which was lower by 11.2% and 33.2% when compared to the month before and the same month of the previous year respectively.
Investors are worried about a US Treasury investigation into majority state-owned Turkish lender...
Germany and France said they are working on financing solutions to sidestep US sanctions against countries such as Iran, including a possible role for central banks.
The discussions, which also involve the UK, indicate that European powers are getting serious about demonstrating a greater level of independence, as their frustration at mollifying US President Donald Trump hell-bent on pushing his “America First” agenda has given rise to widespread anger.
“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of US extraterritorial sanctions,” French Finance Minister Bruno Le Maire said on Monday during a meeting with the press association AJEF.
“I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.”
Foreign exchange witnessed a fresh rally in the open market, which was accompanied by a surge in the price of gold coin.
On the Central Bank of Iran's website Sana that reports the average exchange rate handled by exchange bureaux, the US dollar's exchange rate was lower: 106,740. The euro was traded at 89,693 in exchange houses.
The rally comes on the back of the market heating up on Monday in expectation of President Hassan Rouhani's appearance in parliament on Tuesday.
Tehran Stock Exchange’s main index lost 3,543.27 points or 2.53% on Tuesday to end trading at 136,765.9.
About 2.23 billion shares valued at $64.66 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
Tidewater Middle East Company was the biggest winner, as its shares went up 38.21% to 3,530 rials per share.
Tehran Oil Refining Company incurred the biggest loss among all TSE-listed companies and went down 9.54% to 4,350 rials per share.
The 10th International Exhibition of Floorings, Moquette, Machine-Made Carpet and Related Industries is scheduled to open at Tehran International Fairground on Sept. 6. According to the official website of the event at Eurasianavid.com, the exhibition has been organized with the aim of providing a platform for producers, traders, banks, credit institutions and everyone involved in the industry to showcase their latest products and services to help boost domestic sales and exports. The four-day event will conclude on Sept. 9. About $287 million worth of machine-made carpets were exported from Iran in the last fiscal year (March 2017-18). The main export destinations for these products were the neighboring countries of Afghanistan and Iraq, according to the Islamic Republic of Iran Customs Administration’s data. Close to $4.8 million worth of machine-made carpets were imported over the same period. Turkey with $2.5 million was the main source of carpet imports.
Twelve “new towns” have been planned in 10 provinces with the aim, among other things, of developing urban living areas and creating much-needed jobs.
Financial Tribune’s sister publication, Donya-e-Eqtesad, recently published a special supplement on New Towns Development Company, affiliated to the Ministry of Roads and Urban Development.
The supplement looks into the problems facing new towns and how they are addressed by the company’s board, relevant authorities and ministry officials.
Proposal and plans for the next generation of new towns have been outlined by urban planners, civil engineers and experts.
The record monthly growth in the Iranian stock market last month (July 23-Aug. 22), with a 26% increase registered in Tehran Stock Exchange alone, led to the prosperity of investment funds.
According to Financial Tribune's sister publication, Donya-e-Eqtesad, an analysis of the monthly performance of funds, including equity, fixed income and mixed, mutual and exchange-traded funds, shows that the highest rate of return belonged to equity funds, with the return rate exceeding 39%.
This is while only one equity fund did not follow suit and even for this fund, the loss rate was under 1%.
As per a recently forged memorandum of understanding between officials from Chabahar Free Trade Zone and the Sharif University of Technology, the prestigious academic institute is to provide the FTZ with technological assistance and the two are to jointly establish a development studies center.
Furthermore, the university is to provide the know-how and technology necessary for the expansion of the FTZ, reported Chabahr Free Trade Zone's website.
Under the agreement, the two parties will work toward a plan for economic expansion, establish a specialized science and technology center as well as a tech corridor, promote tech firms and organize training and research courses at Chabahar International University.
Apple Inc. is not only doubling down on the iPhone X, it is tripling down. The world’s most valuable...
Major Iranian Internet Service Provider Asia Tech and privately owned Middle East Bank have inked an agreement which entails bilateral collaborations between the two as well as investment in the ISP by the bank. According to the public relations office of Asia Tech, as per the agreement the bank is to invest an undisclosed sum in the ISP. The Internet Service Provider hopes to expand its activities and strengthen its foothold in Iran’s vast communications market. Earlier the firm announced plans to list its shares on Tehran Stock Exchange to raise the much-needed capital for expansion of its services. The plan is yet to go ahead.
In response to citizens’ concerns over reportedly excessive mobile tower radiation pollution in urban areas, the government of President Hassan Rouhani has launched a website through which residents of Tehran and Shiraz can now view the amount of non-ionizing radiation in any region across the two cities.
As part of the ICT Ministry’s quest to promote transparency, the ministry has designed a platform for the public to check the emission rate of non-ionizing radiation in the capital of Tehran and Shiraz, the fifth most populous city of Iran, reported ICT Ministry’s official website.
Non-ionizing radiation refers to any type of electromagnetic radiation that does not carry enough energy per quantum (photon energy) to ionize atoms or molecules—that is, to completely remove an electron from an atom or molecule.
Hamedan that has been selected as capital of Asian tourism in 2018 is currently hosting one of its two major international events scheduled for this year, in which officials from the Asian Cooperation Dialogue member states hold a conference to discuss ways to link the historical city to the network of top destinations in the continent.
The conference opened on Monday and is due to end on Wednesday after expert meetings, panels and technical tours of the city's attractions. Out of 34 members of ACD, 15 countries have sent 40 representatives to Hamedan altogether to attend the conference along with top Iranian authorities and the ACD secretary-general Bundit Limschoon.
Iran's Cultural Heritage, Handicrafts and Tourism Organization has ordered the closure of 18 tourism agencies in the capital over the past five months, said Shahram Alimohammadi, head of the tourism division of ICHHTO's Tehran office.
"Tourism inspectors visited 406 agencies, four of which were ordered shut for one to three months," Alimohammadi also told IRNA on Monday. The inspectors also identified and shuttered 21 unlicensed tourism agencies and referred their cases to the security and judicial authorities, he said.
Alimohammadi put the total number of the agencies operating in Tehran at 2,051. "In the current year, 78 new operating licenses have been issued for tourism agencies and 280 for tourist guide institutes."
Iran's University of Science and Culture has engaged in cooperation with Austria's IMC University of Applied Sciences to hold specialized courses on tourism and hotel management.
"We signed a memorandum of understanding with the IMC three months ago and we are now trying to reach a contract," president of the Iranian university, Saeed Hashemi, was quoted as saying by IRNA.
Iran will not stamp the passports of Omani businesspeople and tourists, Iran-Oman Chamber of Commerce announced in a press release on its website on Monday. The measure mainly aims to ensure possible travelers to Iran will not be barred from entering the United States. In March 2017, US President Donald Trump issued an order which restricts travel to the US for those who have visited Iran, along with Libya, Somalia, Sudan, Syria and Yemen, since March 1, 2011. Earlier in August, Iran tourism authorities said they were working with police authorities and the Foreign Ministry to eliminate visa stamps and stickers for foreign travelers to Iran so as to help diminish the impact of Trump's decision on the country's tourism industry. Considering the current conditions, the Chamber hopes that the two countries' officials will agree to remove visa requirements. More than 20,000 Omanis traveled to Iran during the last fiscal year (March 2017-18), 50% lower than the number of visitors during the previous year.
The number of people traveling abroad has hit its highest level since 2010, according to data from the...
China's largest travel agency reported that the number of Chinese travelers visiting Russia...
Oudlajan historical neighborhood in south Tehran is like an old town per se. For those who can see history by looking at old bricks and buildings, Dabir-ol-Molk House is the place to visit.
Dabir-ol-Molk House is southwest of where the famous Amir Kabir Avenue and Rey Street meet. The mansion is accessible via Hanifinezhad Street.
Farshchian Museum is located in the middle of Sa’dabad Complex in north Tehran.
It opened in 2001 and is the exclusive premise of outstanding works by master of Persian painting and miniature Mahmoud Farshchian.
The museum has several galleries where the master’s works from early years to his most recent creations are on view.
International Academy of Ceramics, the only association active in the field of ceramic at the international level, will display its first Treasure Bowl Collection, which is a unique collection of contemporary ceramics made from 2016 to 2018 by ten artists from different countries, among which is Abbas Akbari from Iran.
Founded in 1952 in Geneva, IAC objective is to cultivate friendship and communication between professionals in the field of ceramics from all countries. IAC develops and encourages international cooperation to promote ceramics and encourage and maintain the highest level of quality production in all ceramic cultures, Aic-iac.org wrote.
Pop singer, composer, trumpet player and music arranger Omid Hajili will perform two concerts at Milad Tower in Tehran.
Hajili’s concerts are slated for September 5 at 7:30 and 10:15 pm. The Convention Center of the tower will host the concerts, and Irancnoncert.com is selling the tickets.
“Part of the concerts includes some new and exciting pieces which I hope the audience will appreciate,” Hajili, 33, told Honaronline.
Adaptation of a bestselling novel by Ukrainian author Andrey Kurkov is to go on stage at Charsou Hall in Tehran’s City Theater on September 2-9.
The play “Death and the Penguin,” named after Kurkov’s book with the same name, has been rewritten by dramaturge Mohammad Charmshir and directed by actor and director Payam Dehkordi, Honaronline reported.
It is about the life of Viktor, an aspiring author in a struggling post-Soviet society, living with his pet penguin. Starting with the intention of writing novels, Victor finds himself writing obituaries for a local newspaper.
Fereshteh branch of Book City Institute in north Tehran is starting a weekly program screening documentaries and short films. Every Saturday evening it will hold public screening of selected films. The first program is set for September 1 with a documentary on the Majlis, the Iranian Parliament. “Chair 257,” directed by Mohsen Khanjahani, is a film shot in Mah Neshan County in Zanjan and inside the parliament in south Tehran, ISNA reported. Documentary and Experimental Film Center is the producer of the film. Tickets are available at Evand.com. Fereshteh Book City is located at No. 1671, Shariati Street, a short walk from Sadr Bridge to the south.
Four feature films have attended the 26th Love is Folly International Film Festival in Varna, Bulgaria, August 24-September 2.
The drama “Appendix” (2017) directed by Hussein Namazi is the only Iranian film in the competition section. It is vying for the top award with 11 films from Belgium, the UK, Germany, France and Russia, ISNA reported.
It tells the story of a woman, Zari, who goes to hospital with her husband suffering from severe abdominal pain. However, using her friend’s health care card instead of her own expired card puts her into trouble with the hospital staff.
Anahita Ne’mati, Amirali Danaei, Pardis Manouchehri and Reza Akbarpour act in the film that will be shown on August 29.
Art Museum Garden in Tehran has organized the screening of eight feature films and 24 documentaries by veteran filmmaker Khosrow Sinai on August 25-September 6.
The program is a part of commemorating event “Like a Tale” that pays tribute to Sinai and his distinguished artistic career, IRNA reported on its Persian website.
Top North Korean officials warned the United States in a letter that denuclearization...
German police and security officials faced criticism Tuesday following violence during...
The UK can still make a success of Brexit if it tumbles out of the European Union without...
France’s environment minister Nicolas Hulot announced his resignation during a live...
Dumped Australian prime minister Malcolm Turnbull will quit parliament this week, reports said...
Brazil’s Supreme Court will weigh in September an appeal by jailed former president Luiz Inacio...
Russia agreed to postpone a Moscow peace conference on Afghanistan amid opposition from the...
The United Nations has accused the Saudi-UAE military alliance of committing possible war...
Foreign direct investment in the Bulgarian economy has taken a nosedive in recent years...
An all-out US-China trade war could cut 60,000 Australian jobs and shave real wages by...
Just before the collapse of the US investment bank Lehman Brothers in 2008 triggered a financial ...
Elon Musk’s take-private plans for Tesla Inc have evaporated, but the company’s looming debt...
China is challenging the latest round of US tariffs against Chinese goods through the World...
Many countries in Asia and authoritarian governments that are at loggerheads with the...
Japanese companies are shifting production away from China to defend themselves against higher...
Toyota, one of the world’s largest carmakers, and Uber, the leading ride-hailing service...
The pace of lending to eurozone firms and households paused in July, official data showed...
August 20 wasn’t just a simple national holiday in Venezuela. It marked the beginning of President...
The United States and Mexico agreed on Monday to overhaul the North American Free Trade...
South Korean President Moon Jae-in’s government proposes to spend a record 471 trillion won...
Singapore’s dollar is approaching the upper boundary of its trading band as speculation...
Before the 2011 revolution that deposed Hosni Mubarak, Egypt had undergone a few reform...
Subscribe to our daily newsletter.
More from DEN Media Group:
© Financial Tribune Daily and Contributors 2014-2018