Commander of the Islamic Revolution Guards Corps Ground Force Mohammad Pakpour traveled to Pakistan on Monday to pursue the fate of 12 border guards who were recently kidnapped and taken into Pakistan by terrorists.
Commander of the Islamic Revolution Guards Corps Ground Force Mohammad Pakpour traveled to Pakistan on Monday to pursue the fate of 12 border guards who were recently kidnapped and taken into Pakistan by terrorists.
Although Iran has shown readiness to restore diplomatic ties with Canada, Ottawa does not seem to be prepared to take an active step toward this goal due to domestic issues, a top Iranian Foreign Ministry official said.
Iran has been working with Russia in the framework of “strategic partnership” based on mutual interests, but is not an “alliance” with an eastern or western power, says Iran’s point man on the Middle East, who has been working closely with Russia on the Syrian issue.
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei criticized those who link every virtue to the western civilization, saying transparency in politics, which has come under the spotlight in recent years, is among the teachings of Islam and Imam Ali (PBUH).
The United States has already done everything in its power to enforce its intended restrictions on Iran, so next month's sanctions will not be anything new, a senior lawmaker said.
"There is nothing new left to be imposed by the Americans within the framework of their sanctions policy," Heshmatollah Falahatpisheh, chairman of Majlis National Security and Foreign Policy Commission, told Al-Alam News Network in remarks carried on Monday.
Feasibility studies to produce olefin in Fanavaran Petrochemical Company in Khuzestan Province are underway as planned, the CEO of Tamin Oil, Gas and Petrochemical Investment Company (Tapico) said.
Denying recent reports that the plan was scraped due to financial disagreements with the National Petrochemical Company over costs, Mahmoud Makhdoumi said “the problem has been resolved” and feasibility studies are underway.
Local media reports said talks about the new venture had come to a halt due to the currency crisis over the last several months and its impact on the overall plan to build the plant.
Persian Gulf Star Refinery in the port city of Bandar Abbas in Hormozgan Province has begun production of gasoline compliant with Euro-5 standards, managing director of the company said.
"The move is in line with efforts to produce quality gasoline in compliance with European emission standards," Ali Dadvar was quoted as saying by ISNA.
European emission standards define the acceptable limits for exhaust emissions of vehicles sold in the European Union. The emission standards are defined in a series of European Union directives staging the progressive introduction of increasingly stringent standards.
Investments in Iraq's electricity sector are expected to accelerate in the coming years and Iran’s private sector should have a bigger share of the neighboring country’s market, said a member of board of directors of the Iran-Iraq Joint Chamber of Commerce.
Alireza Kolahi said technical and engineering services is what the private sector can and should offer to the Arab nation as it embarks on the tough task of reconstruction after four decades of war and destruction.
Iran’s oil output cannot be replaced by other producing countries if Tehran is hit by sanctions by the United States in November, Oil Minister Bijan Namdar Zanganeh told the ministry’s website Shana on Monday.
“As I have often said, there is no replacement for Iranian oil in the market. Saudi Arabian and Russian output is near their highest levels ever and they have no spare capacity to pump more to replace Iran’s oil,” he said, Reuters reported.
International Energy Agency chief Fatih Birol said Monday he is not worried Saudi Arabia will cut oil supply in response to any potential sanctions over the killing of journalist Jamal Khashoggi, but urged common sense as political developments may impact energy markets.
“There are many geopolitical, non-energy related issues, which could also have further impact on the oil markets,” Birol told Reuters, when asked about concerns in oil markets over whether Saudi Arabia, the world’s biggest crude oil exporter, might retaliate against any punitive measures by global powers over Khashoggi’s death in the Saudi consulate in Istanbul.
Saudi Arabia has no intention of unleashing a 1973-style oil embargo on western consumers and will isolate oil from politics, the Saudi energy minister said Monday amid a worsening crisis over the killing of Saudi journalist Jamal Khashoggi.
“There is no intention,” Khalid al-Falih told Russia’s TASS news agency when asked if there could be a repetition of the 1973-style oil embargo.
Iran’s Logistics Centers Planning Document, which aims to reduce transportation expenses by up to 30% when fully implemented, was ratified by the High Council of Transportation on Aug. 21 and notified by the now-outgoing Roads Minister Abbas Akhoundi on Sept. 10 to all bodies involved in the implementation of the document.
"The document is aimed at coordinating different modes of freight transportation and encouraging collaboration," says the director general of the Transport and Logistics Comprehensive Planning Bureau with the Ministry of Roads and Urban Development’s Transportation Department.
“It’s the light ushering us toward higher efficiency and productivity in transportation network. Our guideline was the current freight flow in the country. There were a lot of requests coming in from investors, each of whom wanted to establish a logistics center. Yet, we had no major plan to give us a bird’s-eye view and help us decide what amount of investment in what kind of a logistics center will be economically and strategically viable in a particular spot,” Mehdi Safari Moqaddam told Financial Tribune in an interview.
1. First Vice President Es’haq Jahangiri: Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has given the nod for the allocation of $500 million from the National Development Fund of Iran to support local producers of pharmaceutical products.
Iran is ranked among the 50 most valuable nation brands in the world, according to a report titled "Nation Brands 2018" released by Brand Finance—a leading brand valuation and strategy consultancy.
Brand Finance’s annual Nation Brands report measures nations’ brands based on the country’s image and the economy as a whole.
Iran was ranked 39th in the 2017 report, but slipped five places in the 2018 report to rank 44th.
Iran has succeeded in meeting all health and safety requirements for exporting agricultural commodities to Vietnam, an official with the Ministry of Agriculture said.
“Vietnam is one of Iran’s key export destinations for agricultural commodities in Southeast Asia.
A total of 7,626 tons of tobacco worth 2.25 trillion rials ($54.26 million) were imported into Iran during the first five months of the current Iranian year (March 21-Aug. 22), according to data released by the Islamic Republic of Iran Customs Administration.
Iran's agricultural trade deficit amounted to $2.12 billion in the first half of the current Iranian year (March 21-Sept. 22).
A which shows a 40% rise compared with the similar period of last year According to latest figures released by the Agriculture Ministry’s
Armenia has expressed readiness to help strengthen commercial ties between Iran and the Eurasia Economic Union.
Tehran Stock Exchange’s main index lost 1,659.08 points or 0.88% on Monday to end trading at 187,778.9.
About 3.24 billion shares valued at $83.99 million changed hands at TSE for the day.
Trading at TSE and Iran Fara Bourse starts on Saturday and ends on Wednesday.
The fifth edition of the International Exhibition of Exchange, Banking, Insurance and Privatization, being held along with the 10th edition of the Exhibition on Iran’s Investment Opportunities, otherwise known as Kish Invex 2018 opened on Monday at Kish International Exhibition Center.
US treasury secretary, Steven Mnuchin has announced that his agency is currently negotiating with the Society for Worldwide Interbank Financial Telecommunication (SWIFT),
Tehran received about one-third of all home purchase loans allocated to Iranian provinces during the first half of the current fiscal year (March 21-Sept. 22), latest data released by the agent bank of the Iranian housing sector show.
According to a report published on HIBNA, the official news website of state-run Bank Maskan, which almost exclusively services the sector, a total of 111,989 home purchase loans worth about 55 trillion rials ($381.15 million) were allocated to applicants during this period.
Among the costly urban projects underway in the capital, the subway network, which is already seen as a white elephant, seems to have an insatiable appetite for funds.
Chairman of Tehran City Council Mohsen Hashemi says 250 trillion rials ($1.78 billion) is needed for completing lines 6 and 7 of the Tehran subway network.
“Almost 90% of Line 6 tunnel has been completed. However, hardly 6% of the required equipment for the line has been purchased.”
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