President Hassan Rouhani congratulated Austria on its National Day, voicing Tehran’s readiness to expand constructive relations with Vienna.
President Hassan Rouhani congratulated Austria on its National Day, voicing Tehran’s readiness to expand constructive relations with Vienna.
Russia underscored its uncompromising position on the illegitimacy of the United States' sanctions against Iran, vowing to minimize their impact on Moscow-Tehran economic relations.
A top EU diplomat reiterated the bloc’s intention to continue defending the 2015 Iran nuclear deal as an outstanding achievement of multilateral diplomacy in collaboration with the United Nations.
The Russian Foreign Ministry announced on Wednesday that Ankara, Moscow and Tehran have agreed on accelerating the process of forming a Syrian constitutional committee to contribute to the peace process.
A 100-kilowatt solar power plant opened in the city of Anar in southern Kerman Province.
Built over an area of 4,000 square meters, the project was completed in six months and will be synchronized with the national grid, IRIB News reported on Wednesday.
Most of the Kerman Province is steppe or sandy desert. Dasht-e Lut, a large salt desert is located in the province, in south-central Iran...
Plans are underway to install a new boiler in Abadan Oil Refinery's gas-fired power plant to reduce power consumption in the sprawling complex, the chief engineer said.
"The project, worth $6 million, will help the complex halve its electricity consumption by generating high-pressure steam," Jahanbakhsh Jalalvandi was quoted as saying.
He said the huge complex is among the oldest in the country and this explains why a great deal of energy is wasted in different units...
The 230-kilovolt double-circuit Seimare-Abdanan-Dehloran transmission line in western Ilam Province was launched Thursday in the presence of the Energy Minister Reza Ardakanian.
Built over 113km, the project cost $60 million. It links Seimare power plant output to the national grid and supplies electricity to regions in south of Ilam and northwest of Khuzestan Province,
OPEC's key technical committee is examining the oil market outlook for 2019 as the group tries to balance supply concerns from Iran and other vulnerable producers along with the possibility of a resurgence of US shale and weakening demand growth that risks a return to oversupply next year.
China’s government has told at least two of its state oil companies to avoid purchasing Iranian oil as the US prepares to impose sanctions on the Persian Gulf state, according to people with knowledge of the matter.
Indonesia’s state oil company Pertamina is seeking to buy crude oil for delivery in the first quarter of 2019 using currencies other than the US dollar, a tender document reviewed by Reuters showed on Tuesday.
Iran accounts for 98% of world barberry production, an official with the Agriculture Ministry said.
Davoud Habibi also said barberry cultivation has created 50,000 direct and indirect jobs in Iran.
Barberries are cultivated across 15,500 hectares in Iran,
Norway's Ambassador to Iran Lars Nordrum has met with top representatives of the Islamic Republic's private sector to discuss ways of boosting bilateral ties in the face of returning US sanctions.
Tehran Chamber of Commerce, Industries, Mines and Agriculture President Masoud Khansari, who received the ambassador on Wednesday, said strengthening relations by supporting and developing small- and medium-sized enterprises was among the topics of discussion.
The inflation gap measured by the Statistical Center of Iran between the first income decile (those with the lowest income) and the 10th decile (those with the highest income) increased 0.2% to reach 1.6% in the Iranian month Mehr (Sept. 23-Oct. 22) compared with the previous month’s 0.6%.
The average goods and services Consumer Price Index in the 12-month period ending Oct. 22, which marks the end of the Iranian month of Mehr, increased by 12.7% for the first decile while it rose by 14.3% for the 10th decile.
The export price index stood at 849.2 for the sixth month of the current fiscal year (Aug. 23-Sept. 22), registering a 25.9% increase compared with the preceding month and a 240.6% rise compared with the similar month of last year, the Central Bank of Iran’s latest data show.
The index saw a rise of 126.4% over the six-month period and an increase of 77.4% over the 12-month period leading to Sept. 22 compared with the same periods of last year.
A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early next year, three diplomats said.
Sunday marks the first offering of crude oil for export on Iran Energy Exchange (IRENEX) days before new US sanctions on petroleum sector take effect.
The country had made several attempts in the past to offer crude oil on the stock market in the past to involve the private sector and international buyers in the state-controlled oil sector -- the lifeblood of its economy.
Trump’s unilateral move to abandon the 2015 Iran nuclear deal has put it at odds with the other signatories to the deal, including Washington’s close European allies Britain, France and Germany, as well as Russia and China.
Washington plans to pursue a new series of sanctions due to go into effect Nov. 4 aimed at undermining Iran’s economy.
The new measure has been touted by senior officials in Tehran as an effective way to frustrate US ploys to "reduce Iran's oil export to zero."
The National Iranian Oil Company has said that all investors–both Iranian and foreign–can participate in the oil trade. The Financial Tribune interviewed Ali Hosseini, IRENEX managing director, to find out more about the trading mechanism.
The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 10.75 on October 22.
This is while 97 companies at TSE have a P/E ratio of higher than 20, 98 companies were between 10 and 20, 94 were lower than 10, and 36 others in negative territory.
Price-earnings ratio, also known as P/E ratio, measures a company's current share price relative to its per-share earnings.
Despite rumors on social media regarding closure of Iranian bank accounts in Oman, the head of Iran-Oman Joint Chamber of Commerce Mohsen Zarabi has said that no Iranian bank account has been closed in the neighboring sultanate.
Through an official announcement, the chamber on Thursday said all Iranian companies and investors’ bank accounts in Oman...
The banking system lent more than 36 trillion rials ($261.8 million) to 1,043 knowledge-based companies during the first half of the current fiscal (March-September), the Central Bank of Iran said.
According to the regulator’s website, each knowledge-based company received 35.2 trillion rials ($256,000) on average during the six-month period.
Iranian steel mills produced a total of 18.52 million tons of crude steel during the first nine months of 2018, up 20% compared with last year’s corresponding period.
According to the latest report released by World Steel Association, Iran’s September steel output grew 4.3% year-on-year to hit 2 million tons, the Brussels-based international trade body for the iron and steel industry added.
Iran’s Communication Regulatory Authority has released the results of its third nationwide survey on customer satisfaction with broadband Internet services.
CRA deputy director Mehrdad Vaisi said in a note that during the six months to Sep. 22 thousands of Internet users from 31 provinces were asked about the general quality of services, speed, costs and after-sales services offered by the local ISPs, CRA.ir reported.
Such public surveys can and must help create a more transparent environment in the domestic Internet service providing sector and help boost competitiveness among the ISPs. The results of the survey are accessible on itmon.cra.ir. This is the third such survey by CRA.
In a phone scam recently gone viral in Iran, 126,000 cellphone subscribers have been targeted costing them some 3.8 billion rials ($27,300) collectively, deputy ICT minister Hamid Fatahi twitted on Wednesday.
Earlier in the week, the ICT Ministry issued a warning about answering calls from unknown international or unusual numbers, branding them a form of phone fraud.
The scam is a form of the phone fraud known as ‘Wangiri’, a Japanese word meaning “one ring and drop” and that is exactly what the scammers do. Users receive a call that cuts off just as the phone rings, leaving a ‘missed call’ notification from an unknown international or unusual number on their display.
A new startup has been launched in Tehran offering on-demand professional photo shooting services in the capital.
Dubbed “3:4” (read as Sedarchahar in Persian) the startup provides on-site photo shooting for ceremonies, and family events, along with services to advertisement companies and industries.
Iran is increasingly focusing on citizens from neighboring Iraq to boost its tourism sector.
Iraqi citizens have traditionally constituted a major share of total inbound tourists to Iran, but their main purpose of travel to the Islamic Republic has mostly been to visit are increasingly focusing on purposes for which Iraqis travel to Iran in recent months.
The Iranian government earned 4.1 trillion rials ($29.39 million) from departure tax, which it charges outbound tourists upon departure, during the first five months of the current fiscal year (March 21-Aug. 22, 2018).
A group of trade ministers from around the world voiced their support for strengthening the World Trade Organization at a time when the US administration has threatened to pull out of the body if it doesn’t treat Washington more fairly.
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