Foreign Minister Mohammed Javad Zarif said Iran might leave the nuclear deal, if Europe's proposal aimed at salvaging the agreement fails to meet the country's demands.
Foreign Minister Mohammed Javad Zarif said Iran might leave the nuclear deal, if Europe's proposal aimed at salvaging the agreement fails to meet the country's demands.
Iran dismissed as "unjustifiable" claims by the United States for shutting down its consulate in the southern Iraqi city of Basra, saying the move is part of a blame game played by Washington.
Senior military officials from Iran and Pakistan explored avenues to accelerate defense cooperation between the two neighbors and efforts to ensure security along the common border.
Austrian Foreign Minister Karin Kneissl censured, without naming the Unites States, the unilateral withdrawal from the international agreement on Iran's nuclear program, saying it has eroded “mutual trust”.
Iraq has begun producing gas from the Nasiriya oilfield in the south of the country at a rate of 1.4 million cubic meters a day,
Close to 60% of plants that receive feedstock from petrochemical units have shut down and the rest are working at 30% capacity due to lack of raw materials, a board member of the Iran National Plastic and Polymer Industrial Association said.
"Exporting raw material is a top priority for the petrochemical sector. But as the old saying goes 'charity begins at home', providing domestic companies with the much-needed materials should be given higher priority," Mohsen Safaei told ILNA.
Most, if not all, of the difficulties are rooted in poor management and not lack of materials, he stressed.
China has hiked its 2019 crude oil import quota for “non-state trade”, generally meaning independent refiners, by 42% to 202 million tons
The amount of energy wasted on the way to reach the consumers in the country equates to the energy released by burning almost 500 million barrels of crude oil, a noticeably prohibitive volume, said the managing director of Iran Fuel Conservation Company on Saturday.
To optimize fuel consumption, IFCO and the National Iranian Oil Refining and Distribution Company are cooperating to improve the efficiency of oil and gas refineries, ISNA quoted Mohsen Delaviz as saying.
“Much energy is lost in the oil and gas refineries and in power plants,” he told the news agency.
Chabahar Port can play a vital role in the expansion of Kabul-New Delhi trade and transit ties, but the new sanctions by the United States on Iran, which will affect the port's transactions, are a political issue, the CEO of Afghan-American Chamber of Commerce said.
Iran Airports Company registered 35,816 takeoffs and landings during the Iranian month ending July 22, which shows an 11% decline compared with the similar period of last year.
Close to 4.46 million passengers and 44,114 tons of cargos were transported during the period, indicating an 11% and 10 decrease respectively year-on-year, IAC's latest data published on its website show.
Iran’s non-oil foreign trade during the first half of the current fiscal year (March 21-Sept. 22) stood at $45.3 billion, indicating a 0.7% decline compared with last year’s corresponding period.
The country, however, saw a trade surplus of $941 million in H1.
Exports, excluding crude oil, mazut, kerosene and suitcase trade, hit 56.64 million tons worth $23.12 billion, indicating a 3% decrease in weight and a 13% increase in value year-on-year, the latest report by the Islamic Republic of Iran Customs Administration shows.
Imports amounted to 16.22 million tons worth $22.18 billion, down by...
Find out more about Iran's top exports, main export destinations and top exporters to Iran during the six months to September 21:
Syrian Prime Minister Imad Khamis invited Iranian companies to invest in his country in a meeting between secretary of Iran’s Headquarters for Expanding Economic Ties with Iraq and Syria Hassan Danaeifar in Damascus last week.
“Iran is very competent in many economic fields, including industry and urban development,” Khamis was quoted as saying by IRNA as saying on Tuesday.
Danaeifar also met with Syrian businesspeople and traders on Monday where he emphasized the need to expand economic and commercial interactions on top of the congenial political and cultural ties between the two countries.
An Iranian economic delegation headed by Deputy Minister of Roads and Urban Development Amir Amini visited the Syrian capital Damascus last month.
Tehran’s main stock gauge closed in the black on Sunday to post another all-time high as the deluge of liquidity from small investors keeps propping up the already overheated market.
A series of back-to-back records for Tehran Stock Exchange's main index, TEDPIX, has had market gurus worried about the sustainability of the rally which they say is no longer backed by fundamental factors.
TEDPIX climbed 7697.92 points or 4.11% on the second trading day of the week to reach 195104 points as investors looked ahead to new measures expected to stabilize the currency market,
Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations.
Currency for non-commercial needs can be sold in two ways: cash or through the transfer ‘Hawala’ system
In the wake of the government authorization to the Central Bank of Iran to intervene in the foreign exchange market, the head of Majlis Economic Affairs Commission Mohammad Reza Pour-Ebrahimi said the measures should help curb volatility and restore stability to the market.
"The parliament has supported the move and has granted the central bank powers that would enable it improve the currency market," Pour-Ebrahimi told state TV.
Mahmoud Vaezi, President Hassan Rouhani's chief of staff told the state TV late Saturday that with the new measures foreign currency rates "will definitely" decline within the next 2 months.
While many provinces registered declining home deals and rising prices during the first quarter of the current fiscal year that ended on June 21, others showed a vastly different trajectory.
According to data published by Donya-e-Eqtesad, Financial Tribune's sister paper, from Iran's 31 provinces, Alborz, Ilam, South Khorasan, Khorasan Razavi, North Khorasan, Fars, Kerman, Kermanshah, Kohgilouyeh-Boyerahmad, Lorestan and Hormozgan registered a 50% rise in the number of home deals during this year's Q1 compared with the similar period of last year.
As per an agreement between Tehran University and the Telecommunication Company of Iran, the two will increase support for entrepreneurs and startups
With the aim of promoting startups in rural areas the government of President Hassan Rouhani has launched a nationwide project offering low-interest loans to entrepreneurs in underprivileged areas.
As part of the Comprehensive Employment Scheme, startups in rural areas can apply for loans with interest rates of 4% to 6%,
With each passing week and month prices of mobile phones keep climbing in Iran and many other countries. The outrageous prices have forced many to consider getting an insurance policy for their cellphones.
High-end handsets from Apple and Samsung cost over and above $1,000 in global markets. With the value of the rial, long stuck on the downward trajectory and hampering imports, cellphone prices in Iran are much higher.
Due to the rising prices, many are taking out insurance on their smartphones. Local firms offer insurance services for cellphones with an aggregate limit of 60 million rials ($370). An insurance plan for this amount costs between five to 10 million rials ($30 to $61) and covers some repairs, ICTNA reported.
As unilateral US sanctions against Iran snap back, pressuring the country's limited foreign currency reserves, the Islamic Republic is increasingly paying attention to marine travel as a major way of boosting its underdeveloped tourism sector.
Iran has had several plans in the works in recent years to develop sea lines, some of which date back to a decade ago, but many of them were left dormant in the face of challenges, including but not limited to weak infrastructures that could not support the envisioned development.
But as prospects of returning US sanctions got more serious, officials have ramped up efforts and heralded tangible results recently. They have managed to establish or reactivate a number of sea travel routes that are expected to lend a hand to the tourism sector that has fallen victim to a foreign currency crisis caused by sanctions.
Iran has mostly capitalized on vast potentials offered by its southern ports that grant access to the Persian Gulf and the Sea of Oman...
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