Insurance industry plans to allow startups to handle 10% of Iran’s insurance market in the current fiscal year that started on March 21, said the head of Central Insurance company of Iran.
More than 8.7 billion government-owned shares in Tehran Oil Refinery Company and Isfahan Oil Refinery Company worth 88 trillion rials ($733 million) will be offered in the capital market in the…
American officials have issued a warning to European nations that they risk falling foul of sanctions on Iran if they press ahead with a barter system that could allow the export of Iranian oil…
Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC, Michele Della Vigna said…
The Trump administration on Friday renewed Chevron Corp’s license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure to…
Oman's Foreign Minister Yusuf bin Alawi held talks with his Iranian counterpart, Mohammad Javad Zarif, in Tehran on Saturday, as tensions mount in the Persian Gulf over oil tankers. The visit…
Russia has called on France, Germany and Britain to take the responsibility of preserving Iran's 2015 nuclear deal by ensuring the country's unimpeded international trade.
Iran cannot rely only on its nuclear technology capabilities to persuade Europe to change its nuclear deal stance, says a political analyst, who believes that a stronger economy and an intensive…
Trade between Iran and EU member states during the first five months of 2019 stood at €2.05 billion to register a 76.31% plunge compared with last year’s corresponding period.
Iraq and Iran are neighbors: Around $25 million worth of Iranian goods enter Iraq every day. But it is not clear what will happen when a three-month US waiver that allows Baghdad to trade with…
Iran’s 4,480-trillion-rial ($37.64 billion) budget for the current fiscal year (March 2019-20) is based on the sale of 300,000 barrels of oil per day, the deputy head of Plan and Budget…
With installed capacity of 65 gigawatts, Iran ranks ninth in terms of thermal power capacity in the world. According to a report by the Energy Ministry, the total power capacity in the world is…
In the past six years, 39 desalination units with a capacity of approximately 174,000 cubic meters per day (63.7 million cubic meters a year), are operating mostly in the southern coasts. Sixty…
Despite the existing constraints and difficulties Beijing is making concerted efforts to maintain trade ties with Tehran. China’s new Ambassador to Iran Chang Hua, made the statement in Tehran…
No 1375
July 22 was the end of a deadline set by the Central Bank of Iran for non-oil exporters to repatriate their currency earnings during the last fiscal year (March 2018-19) to the country. …
A smart system, called Shahab, has been launched by Tehran Province Electricity Distribution Company to notify customers of probable power outages in advance.
Iranian Internet service provider HiWeb is considering a plan for acquiring a smaller ISP, Sabanet. Reportedly, talks have been held between the two companies over the possible…
Governor of the Central Bank of Iran Abdolnasser Hemmati has reviewed the achievements of the bank one year after he took office and outlined future plans.
Iran accounts for under $600 million or 0.1% of trade between African countries and the world, the acting director of Trade Promotion Organization of Iran said.
A discussion was held by Sri Lanka's Plantation Industries Minister Navin Dissanayake on Thursday for resuming tea export to Iran, which was constrained by US sanctions on the latter.
Although the three branches of government (executive, legislative and judicial) have come to the conclusion that gasoline prices should increase, there is still no consensus among MPs about the…
China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation. Official customs data on Friday showed China imported…
Private companies’ efforts in Iran are noteworthy in that they seek to develop global initiatives to help safeguard the environment. Christoph Grabmayr, the Austrian Embassy's commercial…
Iran has released nine out of 12 Indians who were on board the ship MT Riah that was detained on a charge of fuel smuggling in early July, official Indian sources said on Thursday.
