Iran’s petrochemical industry has saved 1.7 billion cubic meters of natural gas over the past four years through targeted energy-efficiency initiatives, according to officials from the National…
The Saudi foreign minister said the kingdom is “serious” about talks with Iran, signaling Riyadh’s desire to repair relations between the two regional powers. A Saudi official added that Riyadh…
The replacement of dilapidated gas turbine in 52-year-old Besat Thermal Power Plant in southern Tehran with a domestically-manufactured F-class gas turbine will help curb water consumption by 95…
The Central Bank of Iran said increase in sight deposits far outpaced term deposits in the first quarter of the current fiscal year (March 20-June 20), reflecting depositors’ reluctance to keep…
US President Donald Trump decided on May 8 to violate the nuclear deal, formally known as the Joint Comprehensive Plan of Action, despite Iran’s compliance with it. His decision to withdraw…
Iran's budget bill for the next fiscal year (starting March 21, 2018) includes a provision to raise the price of gasoline by 50%. The proposal, which also envisions a price hike for other fuels…
President Hassan Rouhani has submitted his administration’s budget for the fiscal 2018-19 to the parliament.
As always, the budget is a mix of short- and long-term goals, with the latter…
The significant rise in departure tax incorporated by President Hassan Rouhani and his budgetary cadre in the next budget bill for the fiscal March 2018-19 has patently infuriated the Iranian…
It is no exaggeration to say that the international status of Iran and the US, whose uneasy relations have been a major factor impacting the political landscape of West Asia for decades,…
Governments across the Middle East and North Africa region emphasize the significance of exports.
They all want to expand their markets and depart from their tradition of importing…
Donald Trump’s inauguration speech on January 20 repeated the disruptive message of his election as US president.
It was a call of defiance against the political and media mainstream…
New enemies of the open society are emerging regularly in the developed world.
Recently, two main symbols of the free market, the UK and the US, have seen the respective rise of nationalism…
The deal signed last week by 197 countries to drastically reduce the use of hydrofluorocarbon (HFC) gases has been hailed by experts as a key step toward limiting the planet's warming.
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When the leaders of the European Union met in Bratislava, Slovakia, on 16 September, two men and two women encapsulated its key political forces and divisions. They are Angela Merkel and Viktor…
Donald Trump belongs to the system that believes in and gives rise to the super-rich. He is someone who has been in the news for decades and whose success in business is what most Americans dream…
When banks announced last month they would cut deposit rates by three percentage points, most market observers hailed the long-anticipated move, not least because it was a decision made by lenders…
As the nuclear agreement is being implemented new barriers have emerged and new challenges are addressed. However it is heartwarming to see Iran’s aviation sector keeps growing despite the…
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Since the nuclear deal, European companies have been flocking in trade missions to Iran. These companies often also enjoy the support of national and regional governments from Germany and France…
Soon after the imposition of sanctions against Iranian individuals and entities by the Council of Europe, the European courts (the General Court of the European Union and the European Court of…
While there is no dearth of news and analysis on the success of the Rouhani administration in taming galloping inflation, it is apparently under mounting pressure by consumers waiting for prices…
News and reports that foreign companies are preparing to return to Iran puts a big smile on most Iranians. While the logic seems pretty simple and based on the fact that increase in competition…
In recent weeks there has been rising speculation about the future purchase orders from Iran’s aviation industry. Officials such as Abbas Akhoundi, minister of transportation and urban development…
The Iran deal is less than a month old and it already feels like a new era has begun. European officials and businesses are regularly visiting to discuss joint ventures and economic collaboration…
Few countries share a bond that neither history nor politics can break. Afghanistan and Iran share and have shared their unique history and cultural heritage for so long that it is impossible to…
Almost a decade after the idea of preferential trade was first proposed, Iran penned its first preferential tariff agreement (PTA) with Turkey when the Turkish Prime Minister Recep Tayyip…
