May 12, 2018

Controversies over Iran’s Central Bank Banning Cryptocurrencies

On April 22nd, the Central Bank of Iran (CBI) decided to limit and ban Bitcoin and other cryptocurrencies across the country. They informed all the banks, financial institutions along with exchange centers not to use or trade these currencies. The CBI also warned them that from now on this act will be considered as a crime and will be acted upon if noticed.

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May 12, 2018

Iran raises June crude prices for loadings to Asia

TEHRAN – National Iranian Oil Company (NIOC) has raised the June official selling price (OSP) for all its crude grades loading for Asia, Platts reported quoting a company source as saying on Wednesday.
May 11, 2018

Expert: Non-European trade partners better for Iran

TEHRAN - European countries have been looking to increase trade ties with Iran since the 5+1 countries and Iran struck a nuclear deal according to which Tehran agreed to limit its nuclear activities in exchange for termination of most economic sanctions.
May 11, 2018

No down payment made to Airbus, Boeing: Iran

TEHRAN- Following President Trump’s withdrawal from Iran’s international nuclear deal last Tuesday, Advisor to Iranian Transport Minister Asghar Fakhrieh Kashan announced on Friday that no down payment has been made by Iran to aircraft manufactures Air...
May 11, 2018

NITC ready to operate under any condition: managing director

TEHRAN- Referring to U.S. President Donald Trump’s decision to pull out of the multilateral nuclear agreement with Iran, National Iranian Tanker Company (NITC) Managing Director Nasrollah Sardashti said his company has made the necessary planning and ...
May 11, 2018

U.S. leaving of JCPOA won’t affect Iran’s oil, gas exports, revenue: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Donald Trump’s decision on abandoning the nuclear deal is not going to have a great impact on Iran’s oil, gas and gas condensate exports and revenue, IRIB reported on Friday.
May 10, 2018

Above $183b required for annual growth of 8%

TEHRAN- Some 7.7 quadrillion rials (about $183.3 billion) of capital is needed per annum to reach eight percent economic growth, Mohammad Baqer Nobakht, the head of Management and Planning Organization of Iran, was quoted as saying by IRNA on Wednesday.
May 10, 2018

Japan poised to grant license to Iranian petrochemical companies

TEHRAN- The mananger of the Japanese pavilion at the 23rd Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) voiced his country’s readiness for granting licenses to Iranian petrochemical companies.
May 9, 2018

Iran’s crude steel output up 43% in March: WSA

TEHRAN- Production of crude steel in Iran stood at 2.35 million tons in March 2018, indicating 43.7 percent rise from the figure of March 2017, according to World Steel Association (WSA).
May 9, 2018

Iran Air to decide about Airbus, Boeing purchases within 2 weeks

TEHRAN- Managing Director of Iran’s flag-carrier Iran Air Farzaneh Sharafbafi announced on Wednesday that the company will announce its final decision about the purchase of aircrafts from Airbus and Boeing within two weeks, Tasnim news agency reported.
May 9, 2018

Europeans at Iran Oil Show doesn’t seem shaken by U.S. decision

TEHRAN - European exhibitors participating in the 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2018) believe that U.S. President Donald Trump’s decision on leaving the Iran nuclear deal (officially known as ...
May 9, 2018

Europeans at Iran Oil Show don’t seem shaken by U.S. decision

TEHRAN - European exhibitors participating in the 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2018) believe that U.S. President Donald Trump’s decision on leaving the Iran nuclear deal (officially known as ...
May 9, 2018

TCCIMA to dispatch trade delegation to Serbia, Poland, Germany in mid-June

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) will send an economic-trade delegation to Serbia, Poland and Germany on June 16, the official website of TCCIMA reported.
May 9, 2018

Iran-Azerbaijan electricity exchange capacity reaches 800MW

TEHRAN – Iranian Energy Minister Reza Ardakanian said the necessary technical facilities are prepared for exchanging 800 megawatts of electricity between Iran and Azerbaijan, the official website of Energy Ministry (known as PAVEN) reported.
May 9, 2018

Trump pulls US out of Iran Nuclear Deal: FULL DETAILS

By John Lee. US President Donald Trump has said he will withdraw the United States from Iran nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA). In a live statement, the President said: “I will sign a presidential memorandum to begin reinstating U.S. nuclear sanctions on the Iranian regime. We will be instituting […]
May 9, 2018

Iran Nuclear Deal: Reaction from World Leaders

By John Lee. Following the US withdrawal from the Iran nuclear deal, world leaders have been giving their opinions. Former US President Barack Obama said: “Walking away from the JCPOA turns our back on America’s closest allies, and an agreement that our country’s leading diplomats, scientists, and intelligence professionals negotiated. “At a time when we […]
May 9, 2018

Rouhani Calls Trump’s Withdrawal “Psychological War”

President Rouhani Calls Trump’s Iran Nuclear Deal Withdrawal “Psychological War” Iran’s President Hassan Rouhani said on Tuesday that Tehran has adopted necessary measures to confront new anti-Iran pressures, saying that his US counterpart is launching psychological war and economic pressure on Tehran by announcing withdrawal from the 2015 nuclear deal. “The Iranian nation will be […]
May 9, 2018

IRGC Construction to Finish 40 Mega-Projects by Yr-End

Commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), pledged that his forces will complete 40 mega-projects in the current Iranian year, which began on March 21. Addressing a meeting on “Resistance Economy” at the Lorestan gubernatorial office in west Iran, General Ebadollah Abdollahi said the Khatam al-Anbia […]
May 9, 2018

Iran, Spain Sign MoU on Oil, Gas Cooperation

A memorandum of understanding (MoU) was inked in Tehran on the promotion of cooperation between Iran and Spain in the oil and gas industries. General Director for Europe, America and Caspian Sea Neighboring Countries in Iran’s Oil Ministry Hossein Esmaeili Shahmirzadi and Deputy Director General of Commerce Policies for Africa and Middle East at the […]
May 8, 2018

Customs offices to be established in all free trade zones by March, 2019

TEHRAN- Morteza Bank, the secretary of Iran’s Free Zones High Council, announced that customs offices will be established in all seven free trade zones of the country by the end of current Iranian calendar year (March 20, 2019).