June 18, 2019

UK Gov’t Settles $1.6 Billion Dispute With Bank Mellat

The British government has settled a 1.25 billion pounds ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
June 18, 2019

Over 730,000 tons of basic goods unloaded at Shahid Rajaee Port in 80 days

TEHRAN- Over 730,000 tons of basic commodities have been unloaded at Iran’s largest container port, Shahid Rajaee, during the 80-day period from the beginning of current Iranian calendar year (March 21), Director General of Ports and Maritime Departmen...
June 18, 2019

Projects underway to boost annual cooper concentrate output by 450,000 tons

TEHRAN- Projects have been already started for increasing the country’s annual production of copper concentrate by 450,000 tons, IRIB quoted Ardeshir Sa’d-Mohammadi, the managing director of Iran’s National Copper Company, as saying.
June 18, 2019

Agrofood 2019 exhibition running in Tehran

TEHRAN- The 26th International Exhibition of Food, Food Technology and Agriculture of Iran (Agrofood 2019), kicked off on Tuesday at the Tehran Permanent International Fairgrounds, IRIB reported.
June 18, 2019

Iran gives conditional green light to rescheduling OPEC meeting

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has agreed with rescheduling the upcoming OPEC meeting only if it is set to be on July 10-12, opposing the offer to postpone the meeting to July 3-4.
June 18, 2019

Iran providing Syria with technical training for labor market

TEHRAN – Iran has expressed readiness for providing Syria with technical training and support regarding the labor market policies and rehabilitation of rural employment, the portal of Iran’s ministry of cooperatives, labor, and social welfare reported ...
June 18, 2019

Annual exports of decorative, facade stones at $350m

TEHRAN – Iran exported $350 million worth of decorative and facade stones during the past Iranian calendar year (March 2018-March 2019) IRNA reported quoting Malek Rahmati, the vice-president of the Iranian stone association.
June 18, 2019

Iran, Russia ink 8 co-op MOUs in 15th Joint Economic Committee meeting

TEHRAN –Iran and Russia signed eight memorandums of understanding (MOUs) in the last day of the 15th Iran-Russia Joint Economic Committee meeting which was wrapped up on Tuesday in Isfahan.
June 18, 2019

Tehran hosts conference on Iran-Oman-Qatar trade opportunities

TEHRAN- In a conference held in Tehran on Tuesday, Iran, Oman and Qatar investigated economic and trade opportunities, IRIB reported.
June 18, 2019

Iran to Exceed Enriched Uranium Limit “in Days”

Spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi announced on Monday that the country has accelerated uranium enrichment activities and its stockpile of enriched uranium is going to surpass a 300 kg limit within the next ten days. Speaking to reporters at the Khandab heavy water facilities at the Arak nuclear site […]
June 18, 2019

US Sanctions target Iran Petrochemical Group

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against Iran’s largest and most profitable petrochemical holding group, Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the engineering conglomerate of the Islamic Revolutionary Guard Corps (IRGC). In addition to PGPIC, […]
June 18, 2019

Nazanin Zaghari-Ratcliffe begins new Hunger Strike

Nazanin Zaghari-Ratcliffe, the British-Iranian mother detained in Iran, has begun a new hunger strike along with her husband, Richard Ratcliffe. She was jailed for five years in 2016 following a conviction for spying, which she denies. The decision came following the fifth birthday of their daughter, Gabriella, who has not been allowed to leave Iran […]
June 18, 2019

Iran to Set Up New Petrochemical Hub in Coastal Region

The National Petrochemical Company of Iran finalized a plan on Monday to construct the country’s third petrochemical hub across a coastal region in the southern province of Hormozgan. In a meeting in Tehran on Monday, the CEO of the National Petrochemical Company of Iran, CEO of Iranian Mines and Mining Industries Development and Renovation (IMIDRO), […]
June 17, 2019

‘Shares of some large state-run companies to be divested in coming days’

TEHRAN- Iranian Privatization Organization (IPO) will offer shares of some large state-run companies to the private sector in the coming days, the organization head announced on Monday.
June 17, 2019

NIGC calls for proposals addressing technological issues in gas industry

TEHRAN – National Iranian Gas Company (NIGC) is holding a reverse pitch panel to address the industry’s technological issues, and to benefit from the capabilities and capacities of the Iranian companies and academics active in the industry.
June 17, 2019

‘Expansion of economic ties with neighbors a priority in sanctions time’

TEHRAN- Development of economic relations with the neighboring countries is a priority for Iran under the sanctions condition, IRNA quoted Iranian Energy Minister Reza Ardakanian as saying on Monday.
June 17, 2019

Iran to replace its World Bank representative soon

TEHRAN - Iran is said to be planning to replace its envoy to the World Bank in near future, Tasnim news agency reported on Monday.
June 17, 2019

TPO holding seminar on Iran, Russia trade capacities in food, agriculture

TEHRAN – Iranian Trade Promotion Organization (TPO) is going to hold a seminar on identifying the trade capacities of Iran and Russia in agriculture and food industry today in Tehran, the organization announced.
June 17, 2019

IMIDRO to establish consortium to accelerate exploration projects

TEHRAN – Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the organization is planning to establish a consortium in order to accelerate exploration projects in the mining sector.
June 17, 2019

Iran elected as vice-president of PIANC’s marine engineering committee

TEHRAN – The chairman of the board of Iranian Coastal and Marine Structural Engineering Association (ICOMSEA) Babak Bani-Jamali has been selected as the new vice-president of the marine engineering committee of the World Association for Waterborne Tran...