Business

Iran’s Economy Recovering Balance after Coronavirus Shock: Top Banker

In an Instagram post on Monday, Abdolnasser Hemmati pointed to the statistics for Iran’s economic growth in the first quarter of the current Iranian...

Iran Says Welcomes Barter Oil Trade amid Sanctions

The Iranian petroleum minister says Tehran welcomes barter trade in the oil sector now that the country is under the harshest sanctions ever.

Iran, Turkey Convene Transportation Commission

Ministry officials have held the ninth meeting of Iran-Turkey Joint Transportation Commission via videoconference in an effort to promote cooperation in the international transport industry.

Iran, Azerbaijan to Boost Transportation, Rail Cooperation

Iran and the Azerbaijan Republic are to work together closely to further enhance mutual trade, transportation and rail cooperation.

Iran to Boost Range of Homegrown Missiles: Defence Minister

The Iranian defence minister says the country seeks to increase its missile capability.

Iran Devises Machine to Produce Microfibres Used in Medical Dressings

An Iranian knowledge-based company has manufactured a polymer microfibre spinning machine that can produce advanced medical dressings.

Supplying Medicines Top Priority for Gov’t amid Sanctions: Iran President

The Iranian president says a top priority for the government is to provide medicines for people amid the tough economic situation caused by sanctions.

Iran’s Power Plants Allowed to Mine Cryptocurrencies

Iran has recently announced that it is now going to allow power plants within the country to mine Bitcoins on an industrial scale. However, they must take care not to use any subsidized fuel.

Iran Calls for More Energy Cooperation with Afghanistan

Iran’s Energy Minister says all-out economic relations between Iran and Afghanistan must be developed, especially in the energy sector.

Iran, Turkey to Develop Business Ties in Various Sectors: Official

An Iranian top official says Tehran and Ankara are going to develop their cooperation in a wide range of business sectors, especially banking, as soon as possible.

Iran, New Zealand Discuss Closer Political-Economic Cooperation

High-ranking diplomats from Iran and New Zealand have held the seventh meeting of the Joint Commission on Political-Economic Cooperation via videoconference.

Iran Produces High-Tech 3D Printing Machine

An Iranian knowledge-based company has developed a 3D printing machine which obviates the need for building moulds to produce three-dimensional parts.

Iran Says Ready to Export Aviation Systems to Other Countries

An Iranian Defence Ministry official says the domestic aviation industries have made such great progress in recent years that Iran is now able to fulfill the demands of other countries for various systems.

Nefar; A Symbol of Vernacular Architecture in Northern Iran

Nefar or Nepar are small wooden structures built in the paddy fields of Mazandaran villages in northern Iran.

Iran Inaugurates Three Major Power, Water Projects

President Hassan Rouhani has launched three major power and water projects in Kermanshah, Ardabil, and East Azarbaijan provinces in western and north-western Iran.

‘Iran Self-Sufficient in Producing Masks, Equipment for COVID-19 Treatment’

A senior Iranian official says the country has reached self-sufficiency in producing equipment needed for controlling coronavirus and treating patients suffering from the disease.

Iran Unveils 3D Phased Array Radar System

Iran has unveiled a new domestically developed radar system used to detect small aircraft.

SuperForex Offers Its Services to Community of Iran

The international brokerage company SuperForex has officially launched its services in Iran. SuperForex had a successful debut among Iranian Forex traders and is quickly becoming one of the most preferred brokers in the country.

US Plot to Destabilize Iran’s Forex Market Failed: Central Bank Chief

Governor of the Central Bank of Iran says the relentless efforts of the US to destabilize Iran's foreign currency market have failed thanks to the Central Bank's measures.

Iran’s Revenues from Non-Oil Exports Exceed Value of Imports: President

Iranian President Hassan Rouhani has highlighted his administration’s success in boosting the export of non-oil products, the income from which has exceeded the value of imports for the first time over the past 60 years.

Iran Boosting Exports to Kuwait as COVID-19 Restrictions Eased

The Trade Promotion Organization of Iran has reported a rise in the export of strategic products to Kuwait as the Arab country eases its COVID-19 restrictions.

Iran’s Gas Pipeline Network Unmatched in World: Rouhani

President of the Islamic Republic of Iran Hassan Rouhani has highlighted his administration’s major achievements in the oil, gas and petrochemical industries, saying the country’s natural gas delivery system is globally unique.

Three Energy Megaprojects Come on Stream in Iran

Iranian President Hassan Rouhani on Monday inaugurated three national large projects in the oil, gas and petrochemical industries.

Iran’s Economy Shrinks by Only 3% after COVID-19: President

Iranian President Hassan Rouhani said while the novel coronavirus pandemic has slashed major economies in the world by up to 20 percent, Iran’s economy has contracted only by 3 percent.

Iran Leader Calls US Model of Governance ‘Utter Failure’

Leader of Iran's Islamic Revolution Ayatollah Seyyed Ali Khamenei says the United States’ model of governance has proven “an utter failure,” and human values have taken the biggest hit in America.

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