Iran’s Foreign Ministry congratulated Brazil's president-elect Jair Bolsonaro on winning the election, hoping for closer political and economic ties between the two countries during his term.
Iran’s Foreign Ministry congratulated Brazil's president-elect Jair Bolsonaro on winning the election, hoping for closer political and economic ties between the two countries during his term.
Pilgrims in massive numbers converged on the Iraqi city of Karbala on Tuesday to perform Arbaeen rituals in commemoration of Imam Hossein (PBUH), the third Shia Imam.
Top diplomats of Iran, Turkey and Azerbaijan met in Istanbul on Tuesday to discuss ways of expanding cooperation in a host of sectors.
Iran's Foreign Minister Mohammad Javad Zarif held talks with his Turkish and Azerbaijani counterparts in the sixth session of a trilateral dialogue before attending a press conference, where he highlighted the three countries' shared position on regional issues, hoping that it will help resolve the problems in a peaceful manner.
Foreign Minister Mohammed Javad Zarif stressed that no economic penalties imposed by Washington can force Iran to revise its regional and defense policies.
Pars Oil and Gas Company has launched butane storage tanks at phases 20 and 21 of the giant South Pars Gas Field in the Persian Gulf.
According to Alireza Ebadi, operator of the project, two propane storage tanks will come online by the end of November. This would be a major step toward completing the value chain of hydrocarbon products in the two phases,
The National Iranian Drilling Company has drilled 88 onshore and offshore wells over the last seven months, the company’s deputy managing director said.
"By employing 70 offshore and onshore rigs, NIDC has drilled over 111,625 meters of oil and gas wells nationwide," Hamidreza Khoshayand was quoted as saying
Increasing gasoline prices would be subject to amending the 2018-19 budget law and the government so far does not intend to propose any such changes, says a lawmaker.
Jahanbakhsh Mohebinia, a member of the Majlis Planning and Budget Commission said "Higher gasoline prices will certainly add to government revenues. However, introducing an amendment to the budget law is a lengthy process and the administration has not reached a conclusion in this regard,"
China will lead global refinery capacity expansion and investments with 3.12 million barrels per day additional refining capacity and $67.3 billion capital expenditure through 2022, data and analytics company GlobalData said in a new report.
Although the European Union has vowed to create a special purpose vehicle to continue trade with Iran after the US sanctions on Tehran’s oil return next week, the bloc is struggling with the set-up of such vehicle because no EU member is willing to host it for fear of angering the United States, Oil Price reported, citing EU diplomats.
Hyundai Engineering & Construction Company announced on Monday that it has scrapped a $520 million deal with Iran's Ahdaf Investment Company to build the second phase of Kangan Petro Refining Complex -- a major petrochemical and refinery project in southern Bushehr Province.
A joint conference between the cooperative chambers of Iran and South Korea was held in Tehran on Monday with the aim of fostering educational ties and boosting trade.
The event was held at the IRIB Conference Center and was attended among others by the head of Iran Cooperatives Chamber, Bahman Abdollahi, South Korean Ambassador to Iran Ryu Jeong-Hyun and a host of economists and people active in the cooperative sector.
India, Russia and Iran will hold a trilateral meeting on the International North-South Transport Corridor on November 23 to make the 7,200-km ship, road and rail route operational soon, an official statement said on Monday.
Workers’ representative in the Supreme Labor Council, Ali Khodaei, put forward three main demands in a meeting with the newly-appointed Minister of Cooperatives, Labor and Social Welfare Mohammad Shariatmadari earlier this week.
Workers’ wages are well below living wage, he said, adding that the gap between workers’ wage and their living wage has widened to 67% in the current fiscal year (March 2018-19) due to the recent economic difficulties, suggesting that a worker’s salary can only cover 33% of the costs of living for a three-member household.
Iran posted a foreign trade surplus of $926 million for the seven-month period ending Oct. 22, the head of Islamic Republic of Iran Customs Administration said.
Foroud Asgari added that Iran’s non-oil foreign trade from March 21, the beginning of the current fiscal year, to October 22, which marks the end of Iranian month Mehr, stood at $53.5 billon,
Non-oil exports hit 67.36 million tons worth $27.22 billion in the seven-month period, indicating a 13.35% rise compared with the same period of last year.
Imports of 18.92 million tons of non-oil goods worth $26.3 billion during the period show an 11.7% decline year-on-year.
Twenty devices for conducting automated (or interactive voice response) polls have been installed at Tehran Railway Station to facilitate passengers’ interactions with supervisory bodies and improve the performance assessment of service providers at the rail station
Foreign direct investment in the northwestern Iranian province totaled $19.3 million during the first half of the current year (March 21-Sept. 22), the deputy provincial governor of Qazvin said.
Goods and services Consumer Price Index for Ilam Province registered an increase of 39.9% during the Iranian month of Mehr (Sept. 23-Oct. 22) compared with the similar month of last year, which is the highest among all Iranian provinces.
The year-on-year CPI growth was the lowest for Kerman Province with 26.1%, the Statistical Center of Iran reported.
The government's initiatives, including urban development tax rebates and construction incentives, have significantly lowered construction costs to help distressed urban areas.
"Even without considering the 500-million-rial ($3,570) loans offered [by state-run Bank Maskan] with the aim of renovating homes in distressed urban areas, the cost of constructing each square meter of a home in those areas is now 5 million rials ($357) lower than in ordinary areas," said Majid Rousta, a board member of the Urban Development and Renovation Company.
European diplomats are warning that enhanced US financial sanctions against Iran run the risk of forcing the rest of the world to create alternative banking systems that could undermine the long-time dominance of the US dollar.
Central bank data says total lending by the banking system reached 13.23 quadrillion rials ($89.4 billion) during the 12 months to July 22.The figure was 29% higher year on year.
The amount was 5.2% higher compared to the end of last year (March 20), Iranian Bank & Economy News Agency reported.
Accordingly, the biggest share of the loans went to Tehran at 8.61 quadrillion rials ($58.22 billion),
The stock market posted significant gains Monday, as share prices across the board ended substantially higher.
TEDPIX, the benchmark index of Tehran Stock Exchange, rose 2,594.2 points -- the second consecutive session to post a gain after a four-day losing streak -- to close the day at 183,219.5 points. The market remained closed on Tuesday in observation of the annual Arbaeen rituals marking the 40th day of the martyrdom of Imam Hussein (PBUH), the third Shia Imam.
Although the value of trading remained relatively low, but price corrections have made nearly all stocks attractive to buyers and shares that have posted the biggest falls in the past days now face the biggest demand.
Costs of renting a residential unit across all urban areas increased during the second quarter of the current fiscal year that ended on Sept. 22, according to the latest data released by the Central Bank of Iran.
Based on the latest figures disclosed on the official website of the monetary regulator, the residential rent index of all urban areas across Iran reached 118.8 during the second quarter of the current year, up by 3.6% and 11.8% compared with the first quarter of the current year and the second quarter of the year before respectively.
More than 27% of mobile applications published on the Iranian Android market Cafe Bazaar have been developed in Tehran Province. The province has a 54% share in the domestic Android industry’s annual revenue.
According to a blog post published Sunday on blog.cafebazaar.ir, there are 20,748 Android developers in the country who have published 157,849 Android apps.
According to the Android market report, during the last fiscal that ended in March, over 23,000 Android app developing teams in Iran generated 1.8 trillion rials ($12.85 million) in revenues.
Iran-made multi-player first-person shooter game Zula is gradually gaining traction with foreign video game enthusiasts. As part of efforts to promote the game, Zula’s developer company has been holding gaming contests in Turkey.
In addition to Iranian gamers, players from Turkey and Poland participated in the latest round of the contest held in Ankara in late September.
The contest was dubbed Zula International Cup and hosted Zula player teams from all over the world, including Izako Boars and PENTA Esports from Poland, and Galatasaray eSpor, 1907 Fenerbahce, and Oyun Hizmetleri teams from Turkey as well as the Iranian team Brutal Impact.
To gain a competitive edge in the saturated startup market, two new online firms have been launched offering a wide range of services from housekeeping to cleaning and repairs, along with auto maintenance and carwash.
One of the two startups is ‘Pelak’, which according to its website, offers home and car services through a single platform.
Through its website Pelak.ir, the startup offers everything from fixing air conditioners and leaking pipes to auto maintenance and washing cars.
Jubilant supporters of Brazil's president-elect Jair Bolsonaro took the streets of Rio de Janeiro on Sunday after the far-right congressman was declared the winner of the country's presidential election by a wide margin.
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