Foreign Minister Mohammad Javad Zarif lambasted Germany, France and Britain, three of the European signatories to the 2015 Iran nuclear deal, for echoing statements and claims made by the United States regarding Iran.
Foreign Minister Mohammad Javad Zarif lambasted Germany, France and Britain, three of the European signatories to the 2015 Iran nuclear deal, for echoing statements and claims made by the United States regarding Iran.
Iran is prepared to conduct more detailed negotiations on its proposed peace initiative for the Persian Gulf to develop the plan unveiled by President Hassan Rouhani during his address to the United Nations General Assembly last week, the government's spokesman said.
US sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas tanker industry on Monday as US-listed Teekay LNG said its joint venture in Russia had been “blocked” for its ties to COSCO.
The Iranian Offshore Oil Company said the leak in the 24-inch oil pipeline from Abouzar Oilfield to Kharg Island, in the Persian Gulf, has been fixed and the spilled oil in the region has been cleaned up.
Crude oil futures were marginally higher during mid-morning trade in Asia Monday in light of ongoing trade and geopolitical uncertainties, and as market participants look for fresh cues to provide direction.
The annual exhibition on water and wastewater, also known as Watex, opened at Tehran's International Fairground on Monday.
The government of Saudi Arabia has apparently exaggerated the scale and scope of drone attacks on its oil processing facility on Sept. 14.
“Their reaction was a political tactic.”
Oil Minister Bijan Namdar Zanganeh made the remark on the sidelines of a ceremony Monday in Tehran to sign a contract between three domestic firms to expedite work on extending a 1,100km 42-inch diameter pipeline to supply oil to the southeastern port of Jask in Hormozgan Province, IRNA reported.
"We are exporting oil irrespective of the Aramco attacks," he said without providing details.
Saudi Arabia shut down half its oil production two weeks ago after drone attacks on its oil infrastructure claimed by Houthi fighters in Yemen.
Iran and Italy are planning to launch a direct shipping route from Iran’s southeastern Chabahar Port to Italy’s northern port city of Venice.
The plan was discussed in a meeting between the head of Iran Ports and Maritime Organization, Mohammad Rastad, and Secretary-General of Venice Maritime Cluster Paolo Malaguti in Tehran on Sunday, the news portal of the Ministry of Roads and Urban Development reported.
“After conducting research and studies, the high potential of Chabahar Port and Chabahar Free Trade Zone caught our attention … We hope that Venice Maritime Cluster can be a bridge connecting Italy and Iran. The dry and mechanized port of Padua, 40 kilometers from Venice, is connected to all parts of Europe and has provided excellent facilities for cargo transportation from the port of Venice to elsewhere in the continent,” Malaguti said.
Organized by Donya-e-Eqtesad Media Group, Financial Tribune’s parent company, the Second Iran Non-Ferrous Industries Market and Related Technologies Conference and Expo opens today at IRIB Conference Center in Tehran.
A memorandum of understanding was signed on Sunday in Tehran by Geological Survey and Mineral Explorations of Iran (GSI), Research Institute for Earth Sciences and Semnan University to promote joint scientific, educational and research cooperation in geological sciences and mineral exploration.
The main aims of the MoU revolve around proper utilization of research and scientific capabilities and capacities to expand research pertaining to geological sciences and mineral exploration on the national, regional and international scale; expanding scientific, research and educational relations as well as sharing information, IRNA reported.
A total of 22.6 billion cigarettes were produced in Iran during the first five months of the current fiscal year (started March 21), registering a41.3% growth compared with the corresponding period of last year, ISNA reported, citing the Ministry of Industries, Mining and Trade data.
The Statistical Center of Iran has released a report reviewing price changes of food products in the Iranian month ending Sept. 22.
The biggest month-on-month price rise was recorded for cucumbers with 23.9%. A kilogram of cucumbers was sold at 42,601 rials ($0,37).
The second and third biggest month-on-month price rise during the period under review were registered for oranges with 12.7% and packed foreign tea with 9.5%, SCI reported on its website.
A kilogram of oranges was sold at 133,260 rials ($1.17) and a kilogram of packed foreign teas went for 548,462 rials ($4.8) last month.
Banks are set to dispose of assets to the tune of 600 trillion rials ($5.6 billion) by the end of the fiscal year (March 2020), a deputy minister of economy told a press conference on Monday.
"Omid Investment Co., National Development Group, Jahrom Power Plant, Simorgh Company and Kesht Sanat Karoun are among bank-owned companies to be offered in the capital market in the near future," Abbas Memarnejad was quoted as saying by IRIB, the sate-owned radio and TV broadcaster.
The official noted that more than 140 trillion rials ($1.2 billion) of banks surplus assets have been sold since March 2017.
"We encountered problems in the key sector…Banks' total unneeded assets are simply too big."
After a one-day hiatus, stocks resumed their rally on Monday with the benchmark of Tehran Stock Exchange TEDPIX climbing more than 2% to 324,705.
TSE underwent a brief correction phase a day earlier following six consecutive rallies.
The market was boosted mainly by rising demand for stocks in bank, auto and pharmaceuticals groups, according to Donyaye Bourse website.
Among the well-performing bank shares, the stocks of Tejarat Bank, Bank Saderat Iran and Parsian Bank were in the lead.
Auto and pharmaceuticals groups also registered a growth of 4.3% and 3.3% for the day.
Governor of the Central Bank of Iran says removing four zeros from the rial is one necessity of the monetary system and postponing it to the future will not help.
Addressing the mounting skepticism surrounding the wisdom and viability of the government plan for redenomination of the rial under the present economic conditions, Abdolnasser Hemmati said “the zeros have lost their value and now is the opportune time for redenomination,” the CBI website reported.
The skepticism stems from concerns that lopping off zeros from the national currency may not produce the desired results at a time when the economy is saddled with rampant inflation and a list of other ills.
A new report has drawn on the data released by the National Census and the Statistical Center of Iran to review the pace of population growth and home ownership/tenancy during a 20-year period spanning between the fiscal 1996-97 and 2016-17.
Iran's population grew 33% during the years under review. With this growth comes the need for more housing. Overall, the number of housing units increased by 111.9% during the period, according to a report by ISNA citing the SCI data.
The percentage of people living in owner-occupied homes decreased from 73.4% in the year ending March 1997 to 60.5% in the year ending March 2017 while the percentage of people living in rented housing almost doubled from 15.4% to 30.7% during the period.
Here’s a look at how population and housing landscape have changed over the 20-year period.
The outgoing president of the European Central Bank has called on euro countries to commit to further integration in what is a controversial and divisive topic among the 19 nations.
The Bus Rapid Transit lines in the central city of Isfahan will serve people with special needs by the end of the current Iranian year (March 2020), an urban manager said.
Providing students with decent and safe transportation services has been a long-standing challenge, especially in Tehran Province, where 2.4 million students live.
With the start of the new academic year on Sept. 23, officials seemed to be aware of school transportation problems this year and acted more decisively. To do so, they have introduced a smart system to boost the quality of services.
According to IRNA, to streamline and monitor school transportation services, the ministries of interior, roads and education designed an online platform titled Sepand for nationwide use via the website Irtusepand.ir.
Salman Samani, the spokesman of Interior Ministry, told reporters that all the drivers and private transport companies wishing to operate as school transporters should register with the system.
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