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    Iran Economic News Headlines - July 12
    July 12,2019

    1. Director of Iranian National Tax Administration Omid Ali Parsa: Tax evasion [in Iran] stands at a whopping 350 trillion rials [$3.73 billion per annum]. The establishment of electronic…

  • Domestic Economy
    Iran's Non-Oil Trade With APEC Exceeds $31 Billion
    July 12,2019

    Iran traded 53.53 million tons of non-oil commodities worth $31.75 billion with member economies of Asia-Pacific Economic Cooperation during the last fiscal year (ended March 20, 2019) to…

  • Domestic Economy
    Iran, Oman Review Trade, Transport Ties
    July 12,2019

    Trade and transport ties between Oman and Iran were discussed during two separate high-level meetings in Muscat on Wednesday. The first meeting took place between Oman’s Minister of Commerce…

  • Energy
    IEA Sees Oil Market Oversupply in 2019
    July 12,2019

    Surging US oil output will outpace sluggish global demand and lead to a large stocks buildup around the world in the next nine months, the International Energy Agency said on Friday. 

  • Energy
    China’s Fight Against Pollution to Generate Billions in Solar Income
    July 12,2019

    China’s efforts to reduce some of the world’s worst air pollution are having a bonus positive effect, as they are improving the country’s potential to generate solar power by allowing more…

  • National
    US Shelves Plan to Sanction Zarif
    July 12,2019

    The United States has decided not to impose sanctions on Iranian Foreign Minister Mohammad Javad Zarif for now, sources familiar with the matter told Reuters on Thursday, in a sign Washington…

  • National
    London Does Not Want to Escalate Tensions With Tehran
    July 12,2019

    London would be resolute in defending its maritime interests in the Persian Gulf, but it does not want to escalate the situation with Iran, a British security source said on Thursday, after the…

  • National
    Abe Considering New Meeting With Rouhani in September
    July 12,2019

    Japanese Prime Minister Shinzo Abe is considering holding talks with Iranian President Hassan Rouhani when he visits New York in September to attend a session of the UN General Assembly,…

  • Domestic Economy
    Iran: Future Expansion of Passenger Rail Services Cast Into Doubt
    July 12,2019

    By Mohsen Sadeqi’s reckoning, who is in charge of the Economic Evaluation Office at the Ministry of Roads and Urban Development, future investments in railroad development projects in Iran…

  • Domestic Economy
    Iran Records 66% Rise in Red Meat Imports
    July 12,2019

    Iran imported 45,000 tons of red meat in spring (the current Iranian year’s Q1 from March 21 to June 21) to register an increase of 18,000 tons, or 66.67% compared with last year’s corresponding…

  • Energy
    Dilemma of Illegal Water Wells
    July 12,2019

    One major issue in water management in Iran is the exploitation of groundwater resources, and an important measure taken in this regard is the unending struggle against illegal water wells.…

  • Energy
    Dehloran Gas Processing Plant on Track
    July 12,2019

    NGL 3100, an under-development gas venture to collect and process associated petroleum gas from oilfields in Ilam and Dezful, will be fed with as much as 6 million cubic meters of gas per day,…

  • Energy
    Infrastructure Development to Boost Azadegan Crude Output
    July 12,2019

    Petroleum Engineering and Development Company (PEDEC) is developing the infrastructure to increase crude output from South Azadegan Oilfield in the oil-rich Khuzestan Province.

  • Sci & Tech
    Job Creation at Core of Iran’s Startup Action Plan
    July 12,2019

    Iran’s Information and Communications Ministry unveiled its long-awaited Startup Action Plan late Wednesday, which aims to create 68,000 jobs and give a boost to local tech firms.

  • No 1362
    July 10,2019

    No 1362

  • International
    British Envoy to US Quits
    July 10,2019

    Britain’s ambassador to Washington quit on Wednesday after days of stinging criticism from US President Donald Trump.

  • Domestic Economy
    Iran to Send 5,000 Workers Overseas
    July 10,2019

    The Ministry of Cooperatives, Labor and Social Welfare is planning to send 5,000 workers overseas in the current Iranian year (March 2019-20).  “Last year, up to 2,000 Iranians were sent…

  • Domestic Economy
    New Consortium to Add 10 MTPA to Iranian Steelmaking Capacity
    July 10,2019

    An agreement to increase Iran's annual steel production capacity by 10 million tons per annum (MTPA) by establishing a steel mill in Persian Gulf Special Economic Zone in the form of a…

  • Domestic Economy
    Decline in Iran's Trade With UK
    July 10,2019

    Iran traded 142,094 tons worth $0.3 million with the UK during the first Iranian month (March 21-April 20), registering a 26.26% and 16.33% decline in tonnage and value respectively compared…

  • Domestic Economy
    Iran Airport Traffic Falls 6%
    July 10,2019

    Iran Airports Company registered 31,415 takeoffs and landings during the third month of the current Iranian year (May 22-June 21), which shows a 6% decline compared with the similar period of…

  • Energy
    Iraqi PM: Strait of Hormuz Disruption Would Harm Economy
    July 10,2019

    Any disruption in oil exports flowing through the Strait of Hormuz will be a “major obstacle” for Iraq’s economy, Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday, as tensions continue to…

  • National
    Moscow Delegation Discusses Syria in Tehran
    July 10,2019

    A delegation from Moscow headed by Alexander Lavrentiev, the Russian president's special envoy on Syria, and Deputy Foreign Minister Sergey Vershinin met with Iranian Foreign Minister's Senior…

  • National
    EU Should Be Concerned About US Moves, Not Iran
    July 10,2019

    The European Union should be concerned about the United States' illegal policies instead of worrying about Iran's reciprocal steps to reduce its commitments under the 2015 nuclear deal,…

  • National
    France Seeking to Ease US Economic Pressure on Iran
    July 10,2019

    France is exploring ways to help put the brakes on the US economic pressure campaign against Iran, as it would benefit the entire region, the French president’s top adviser, who was in Tehran to…

  • Domestic Economy
    Privatization of Iran's Top Two Football Clubs Unlikely by March 2020
    July 10,2019

    The planned privatization of Iran's two major football clubs, namely Persepolis and Esteghlal, is unlikely to be concluded in the current Iranian year (March 2019-2020), amid impediments to…

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