The US administration pressed ahead on Friday with plans to create an "Arab NATO" that would unite US partners in the Middle East in an anti-Iran alliance, but Qatar said the crisis among Persian Gulf countries must be solved first.
The US administration pressed ahead on Friday with plans to create an "Arab NATO" that would unite US partners in the Middle East in an anti-Iran alliance, but Qatar said the crisis among Persian Gulf countries must be solved first.
At least parts of the European Union’s envisioned mechanisms to facilitate trade and banking relations with Iran will be in place by Nov. 4 when a new set of United States’ sanctions are to be applied against Tehran, a senior diplomat said on Friday.
Foreign diplomats from Russia, China and Germany reiterated their support for the Iran nuclear deal at the United Nations on Friday, adding their voice to earlier calls by French President Emmanuel Macron and British Premier Theresa May to preserve the landmark agreement.
Director of supply and distribution at the National Iranian Oil Products Distribution Company has announced that Euro-4 gasoline and diesel sales have increased by 22% and 6% respectively in the first half of the current fiscal (began in March) compared to the corresponding period last year.
Mojtaba Delbari said Saturday 28 million liters of Euro-4 gasoline a day was sold in the 6-month time. Daily diesel distribution was 9.5 million liters in the same period,
Head of the National Iranian Gas Export Company said cooperation with Oman is developing slowly due to legal issues rooted in stringent regulations in both countries.
Mehran Amir-Moeini told ISNA that the two sides have resolved a major part of the discrepancies and what is left relates to internal rules and policies that are being discussed. He did not elaborate.
Promoting judicious water consumption is no more workable in tackling the worsening water crisis, nor costly methods such as cloud seeding can help, says a water expert.
Esmail Shahbazi said instead wastewater treatment and use of the recycled water in the agricultural and industrial sectors can be effective in lowering water consumption.
In the current situation the government should play a more effective role in water management and recycling wastewater should be among its main priorities,
Russia’s oil production averaged 11.3 million bpd between September 1 and 27, up by more than 130,000 bpd compared to August and on course to set a new record-high in the post-Soviet era.
China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a US ban on Iranian oil from November, said people with knowledge of the matter.
Home video sales of Soureh Pictures–a major producer and distributor of Iranian feature and short films in Iran–are down 50%
One of the reasons behind road accidents in Iran is the declining budget of the Islamic Republic of Iran Road Maintenance and Transportation Organization...
A memorandum of understanding for carrying out feasibility studies on the construction of Jolfa-Poldasht-Cheshmeh Sorayya rail route stretching from East to West Azarbaijan provinces has been signed.
Signatories include Secretary of High Council of Free Zones Morteza Bank, CEO of the Islamic Republic of Iran Railways Saeed Mohammadzadeh, CEO of Maku Free Trade Zone Gholamreza Soleimani and CEO of Aras Free Trade Zone Mohsen Nariman on Saturday.
As if the bull run is not about to relent any time soon, Tehran stocks continued their rally on Saturday as a surge of liquidity gravitates toward the equity market. While the stock market growth has been lauded by analysts and officials in equal measure, a growing number of experts seem skeptical about the substance of the rally and fear that speculative bets are gradually supplanting earlier growth backed by fundamental factors. On the first trading day of the week on Saturday, the Tehran Stock Exchange's benchmark index, TEDPIX, closed up 6,770.46 or 3.75% and crossed the 187,406 point for the first time. TSE had a 15% return on investment during the week that ended September 26. The stock market's ROI during the summer of 2018 was 47.5%, bringing the market's total gains since the beginning of the financial year on March 21 to more than 66%.
The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies.
High Economic Coordination Council of Heads of Three Government Branches headed by President Hassan Rouhani and the heads of parliament and the judiciary, “gave the central bank governor the authority to manage and intervene in the foreign exchange market.”
“The central bank will intervene in the foreign exchange market through banks and authorized exchange shops and undertake measures to control the exchange rate of hard currencies,”
Lawmakers will deliver their final view Sunday on a government bill allowing Iran to join the international Convention for Combating Financing of Terrorism, said the Majlis National Security and Foreign Policy Commission spokesperson Ali Najafi Khoshroudi.
The commission met on Tuesday to finalize a review of the issues regarding the bill before sending it to the chamber for the final vote, IRNA reported.
According to Khoshroudi, Parliament Speaker Ali Larijani, Intelligence Minister Mahmoud Alavi-Tabar, Foreign Minister Mohammad Javad Zarif...
Home prices in Tehran soared while the number of property deals significantly declined during the sixth month of the current Iranian year that ended on Aug. 22, the Central Bank of Iran announced.
This means that the trend of surging prices, coupled with falling property deals in the capital, has continued for the fourth month in a row, reinforcing the possibility of a nationwide housing recession in the foreseeable future since Tehran accounts for two-thirds to half of all property deals in Iran.
Data published by the CBI on its official news website on Thursday indicate that only 10,335 home deals were conducted in the capital during the sixth month of the current fiscal year,
The largest private automaker Modiran Vehicle Manufacturing Co., a partner of China’s Chery, unveiled the Arrizo 6 sedan on Friday in Tehran.
The car will be showcased during the Tehran International Auto Show slated for November 13-17, Asb-e Bokhar news website reported.
Iran Auto Parts Makers Association is taking the Central Bank of Iran and the Islamic Republic of Iran Customs Administration to court over misallocation of subsidized currencies, which according to the association has undermined local producers.
Iranian parts makers rely on imports for some of the raw materials they need and several key automotive components which they cannot independently produce. In doing so and curbing overhead costs they have always relied on the government to provide them hard currency at subsidized rates.
A rare rally of classic cars was held in Tehran from Wednesday to Friday.
A new motocross circuit was launched on Wednesday near the city of Arak, Markazi Province.
Parvizkhan border crossing in the western Kermanshah Province’s Qasr-e Shirin County will be closed on Sept. 30, due to parliamentary elections underway in the Iraqi Kurdistan Region, the governor of Qasr-e Shirin said. “All trade activities as well as the travel of passengers will come to a 24-hour halt on Sunday," Moradali Tatar was also quoted as saying by IRNA on Saturday.
Iranian cruise ship Sunny, which previously only operated in Iranian waters, has commenced trips between the ports of Iran's Bandar Abbas and UAE's Sharjah.
According to Allah-Morad Afifipour, director general of Hormozgan Province, Ports and Maritime Organization, the ocean-liner made its maiden voyage from Bahonar Port in Bandar Abbas to Sharjah Port on the evening of the first day of the current Iranian month (started Sept. 23) with 91 passengers.
The ship, made in Sweden, was purchased on the back of openings created by the Joint Comprehensive Plan of Action...
At least 26 travel agencies operating in Iran's capital have had their licenses revoked due to unlawful operations, as tourism authorities are tightening their oversight following severe public backlash.
"These agencies had various complaints against them, in addition to flouting regulations. Therefore, we issued several warnings to them and were trying to resolve their issues, but we had to legally revoke their licenses because they remained indifferent to the warnings," Shahram Alimohammadi, the head of tourism division of Tehran office at Iran Cultural Heritage, Handicrafts and Tourism Organization, said.
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