President Hassan Rouhani said the US president needs to rectify its wrong policy on Iran before any talks could be held between the two sides.
President Hassan Rouhani said the US president needs to rectify its wrong policy on Iran before any talks could be held between the two sides.
US President Donald Trump would be willing to meet with Iranian President Hassan Rouhani during this week’s United Nations General Assembly gathering, United States Secretary of State Mike Pompeo said in an interview broadcast on Sunday.
“I think the president’s been pretty clear about that. He’s happy to talk with folks at any time,” Pompeo said on NBC. “If there's a constructive dialogue to be had, let's get after it.”
Trump is set to meet with a half-dozen foreign heads of state during this week's UN meetings in New York though Iran is not on the list.
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei vowed harsh measures against those who carried out a recent terrorist attack in the southwestern city of Ahvaz in Khuzestan Province.
Production of premium gasoline, marketed as "super", will restart in Isfahan Oil Refinery in Isfahan Province, and at Imam Khomeini Oil Refining Company in Shazand in Arak, Markazi Province, from next week, said the spokeswoman of the National Iranian Oil Refining and Distribution Company on Sunday.
According to Ziba Esmaili, premium gasoline consumption currently accounts for barely 3%...
South Korea has not purchased any petroleum products from Iran for three consecutive months.
Oil Ministry's spokesman Kasra Nouri made the announcement, exposing the contradictory statements made by South Korea’s ambassador to Iran, Yu Chang Hwang, who claims his government is interested in doing business with Iran despite mounting US pressures not to do so,...
The Majlis Research Center says consumers who exceed reasonable limits constitute 15% of the total electricity subscribers and has called for revising electricity tariffs for large consumers as a solution to the power shortages seen every year in the hot summer season. According to a study by the influential think tank, more than 50% of electricity consumption in peak hours is in households,
Iran's consumer price index increased from 116.2 to 134.6 or around 16% during the summer (June 22-Sept. 22).
According to data provided by the Statistical Center of Iran, the second quarter’s inflation has been the biggest quarterly inflation that the Iranian economy has seen thus far, the Persian daily Donya-e-Eqtesad reported.
The three months of summer saw month-on-month inflation rise by 4.5%, 5.2% and 5.4% respectively.
Iran traded 343,170 tons of non-oil commodities worth $408.18 million with Japan during the first five months of the current fiscal year (March 21-Aug. 22)
The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70 million) worth of bonds and sukuk for financing Iran Air’s new plane orders.
The measure was initially set to help the flag carrier prepare the down payment needed for purchasing ATR 72-600 aircraft. However, bonds are now going to be used for settling short-term loans taken out by Iran Air last month to take delivery of five ATR turboprops.
According to Asghar Fakhrieh-Kashan, an advisor to Akhoundi and senior negotiator of Iran Air’s plane deals, the bonds will no longer be used for purchasing new airplanes
Iranian Ministry of Industries, Mining and Trade has released a list of essential goods that are not subject to the 4% upfront payment of import duties
The 12th International Iran Plast Exhibition opened at Tehran's International Fairground on Monday. Oil Minister Bijan Namdar Zanganeh, Managing Director of National Petrochemical Company Reza Norouz-Zadeh, and representatives of 15 countries, including Germany, Switzerland, Cyprus, Belgium, India, Turkey, China and South Korea, were in attendance for the event's inauguration. The four-day event, which will conclude on September 27, is touted as the biggest plastic industry event of Middle East and the world’s prime exhibition in the field...
Iranian lawmakers on Tuesday approved two bills related to the Iran Action Plan with the intergovernmental Financial Action Task Force. The Guardian Council had earlier found faults with the two bills and sent it back to the legislature for reconsideration.
News about the much-awaited approval was first announced in a tweet by reformist MP Mahmoud Sadeghi. He wrote that only 25 votes were cast against the AML bill. The other bill was about Iran joining the United Nations Convention Against Transnational Organized Crime (Palermo) which also was not appreciated by Guardians.
Banks and credit institutions allocated 2.4 quadrillion rials ($16.82 billion) to various sectors during the first five months of the current fiscal that ended on August 22, the Central Bank of Iran said.
According to the latest report published on the regulator's official website on Sunday, the figure was higher by 325.6 trillion rials ($2.27 billion) or 15.6% compared to the corresponding period of the previous year.
The foreign exchange market heated up again on Monday to post fresh records for the US dollar and other major currencies as they gained considerably against the plummeting rial. The dollar was traded for 156,790 rials in Tehran’s open market, another "super-resistance" level to be broken since the rial's freefall began six months ago.
The greenback gained close to 5% on the rial in late trading, according to Tehran Gold and Jewelry Union's website. The euro was traded for 183,890 rials
Tehran Stock Exchange set a fresh record high on Monday as investors received more positive news on corporate earnings, especially export-oriented stocks that have benefited the most since the rial's decline intensified six months ago.
The market's all-share index leapt 2.15% to reach 168,624.5. According to a majority of analysts, the coming days are fateful for the equity market as investors will decide whether the rally will be sustainable in the face of coming political and economic challenges. [Long Read]
After experiencing four consecutive quarters of growth, the Industrial Production Index for large manufacturing units in Iran registered a downturn during the first quarter of the current fiscal year that ended on June 21, new data released by the Central Bank of Iran show.
According to latest figures disclosed by the monetary regulator, IPI decreased by 0.5% during the three months compared with the similar period of last year.
Iran traded 343,170 tons of non-oil commodities worth $408.18 million with Japan during the first five months of the current fiscal year (March 21-Aug. 22)
The Statistical Center of Iran has published its latest report on the state of home and land prices in addition to rents, which indicates all have significantly increased across urban areas in the country during the first quarter of the current fiscal year that ended on June 21. According to the report, published on the official website of SCI, the average price of each square meter of land (vacant) or land of a rundown residential property (residential units that are unsuitable for living to a degree that only the underlying land is useful for construction) in Iran's
A total of 4.13 million tons of finished and semi-finished steel products were exported from Iran during the first five months of the current fiscal year (March 21-Aug. 22) to register a 27.72% year-on-year growth, the Iranian Steel Producers Association announced.
Semi-finished steel made up 3.02 million tons or more than 73% of the total export volume, up 12% YOY.
Slab had the lion’s share of semis exports with an aggregate of 1.6 million tons to mark an 11% YOY growth. Billet and bloom followed with 1.41 million tons, up 13% YOY.
Iran’s largest private automaker Modiran Vehicle Manufacturing Co., a partner of China’s Chery, at the weekend jacked up prices by a massive 55%.
In a statement published by ISNA, MVM said due to the significant rise in the USD exchange rate in Iran, the company has no alternative but to increase prices.
Since US President Donald Trump pulled out of Iran’s historic nuclear deal the value of the rial has plunged to unprecedented lows forcing industries and businesses of all types to raise prices seemingly without any government control or oversight. In worst case scenarios, companies have closed down and declared insolvency.
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