July 24, 2018

Rome seeking to maintain economic ties with Tehran: envoy

TEHRAN - Italian Ambassador to Iran Mauro Conciatori said Rome is trying to maintain its positive trade ties with Tehran despite U.S. sanctions, IRNA reported.
July 24, 2018

Industrial unit establishment permits rises 23% in 2 months

TEHRAN- As Iran’s Ministry of Industry, Mining and Trade has announced, 2,861 permits have been issued for establishment of industrial units during the two-month period from March 21 to May 21, which indicates 23 percent growth compared to the same per...
July 24, 2018

Iran holding 1st expo on aviation components designing, manufacturing

TEHRAN- Iran’s 1st Exhibition on Designing and Manufacturing Aviation Components inaugurated on Monday at Mehrabad International Airport, Fars news agency reported.
July 24, 2018

Iran Ranked 65 in the Global Innovation Index 2018

Iran is ranked 65 among 126 counties in the Global Innovation Index (GII) 2018, moving 11 spots from its 2017's place. 

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July 24, 2018

Iran Weekly Recap | E-Government Ranking, End of Telegram’s Monopoly & More

Every week we’ll be bringing you the highlights of Iran’s tech scene in the past week. This week, we covered Iran’s advancement in United Nation’s E-Government ranking, Elecomp 2018 taking place in Tehran and Telegram getting unblocked after the end of its monopoly.

The post Iran Weekly Recap | E-Government Ranking, End of Telegram’s Monopoly & More appeared first on TechRasa.

July 23, 2018

Iran, Russia discuss energy cooperation

TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said.
July 23, 2018

Iranian, Russian ministers discuss energy cooperation

TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said.
July 23, 2018

Sri Lanka says tea-oil deal with Iran to overcome sanctions issues

The Sri Lanka Tea Board has proposed that the payments due from Iran for tea purchases from Sri Lanka be offset against the $250 million that the Ceylon Petroleum Corporation (CPC) owes to Tehran for oil.
July 23, 2018

Cooling appliances consume 1/3rd of generated electricity

TEHRAN- According to the spokesman of Iran's Power Generation and Distribution Company (known as TAVANIR) one third of the generated electricity in summer is used by cooling appliances, IRIB reported on Sunday.
July 23, 2018

$1b allocated for medicine, medical equipment imports in 4 months

TEHRAN – Since the beginning of the current Iranian calendar year (March 21), some $1 billion has been allocated for importing medicine and medical equipment into the country, Tasnim news agency reported on Sunday.
July 23, 2018

Bank loans to economic sector rise 16.3% in 3 months yr/yr

TEHRAN – The value of facilities that Iranian banking system offered to the domestic economic sector increased by 165 trillion rials (about $3.78 billion) during the first three months of the current Iranian calendar year (March 21-June 20) compared to...
July 22, 2018

Venture Capitals in Iran Legal System – Part 2

In a four-part series, this article looks at the history of Iran’s venture capitals, its legal framework and related issues. The following is the second part of this series.

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July 22, 2018

Iran Energy Exchange ready to offer crude oil

TEHRAN- The condition is prepared for offering crude oil in Iran Energy Exchange (IRENEX), Securities and Exchange Organization (SEO) Head Shapour Mohammadi told IRNA on Sunday.
July 22, 2018

Japanese Banks to Stop Iranian Transactions

Japanese Banks MUFG, Mizuho to Stop Iranian Transactions Japanese banks are moving to stop handling all Iran-related transactions to meet a November deadline set by the United States, after President Donald Trump in May pulled out of a nuclear program agreement with Tehran. Japan’s biggest bank, Mitsubishi UFJ Financial Group Inc (MUFG), will halt all […]
July 21, 2018

Stock market poised to attract capitals from the middle-class

TEHRAN- Iranian Finance Minister Masoud Karbasian announced that Iran’s stock market is ready to attract capitals of the middle-class, Mehr news agency reported on Saturday.
July 21, 2018

Govt. presents package to back production, job creation

TEHRAN- Budget and Planning Organization of Iran put forward its 10-section protective plan to support domestic production and job creation during the present Iranian calendar year (ends on March 20, 2019), Tasnim news agency reported on Saturday.
July 21, 2018

Soleymani Amiri appointed new head of Iran’s Central Insurance

TEHRAN- Gholamreza Soleymani Amiri was appointed as the new head of Central Insurance of Islamic Republic of Iran (Bimeh Markazi), Finance and Economic Affairs Ministry’s news website Shada reported on Saturday.
July 21, 2018

SPGC injects 39bcm of gas to national network in a quarter

TEHRAN- South Pars Gas Complex (SPGC) injected 39 billion cubic meters (bcm) of gas to Iran’s national gas distribution network in the first quarter of the current Iranian calendar year (March 21-June 21), Shana news agency reported.
July 21, 2018

Over $1.7b needed for reducing electricity losses by 3%

TEHRAN – Iran’s Energy Ministry needs about 75 trillion rials (near $1.724 billion) to reduce the power transmission and distribution losses at the country’s grids by three percent, IRNA reported on Saturday quoting an official at the Energy Ministry....
July 21, 2018

China, India say trade with Iran unfazed by U.S. sanctions

Beijing consistently opposes policies of unilateral sanctions and intends to continue its trade cooperation with Iran under its international commitments, the Chinese Commerce Ministry said on Thursday.