Business

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.

Iran Announces Results of Analysis of Downed Ukrainian Plane Black Box

Iran's aviation organization has announced the results of the examination of the flight recorder of the Ukrainian passenger plane that went down shortly after takeoff near the Iranian capital Tehran in early 2020.

Iran Ready for Talks to Pay Damages for Ukraine Plane Crash

Iran’s Civil Aviation Organization (CAO) says the country is prepared for negotiations to pay damages to victims of the Ukrainian plane crash in Iran.

Iran Unveils ‘Soleimani’ Ballistic Missile with Range of 1,400km

Iran’s Defence Ministry has unveiled a surface-to-surface ballistic missile, named after the late IRGC commander Lieutenant General Qassem Soleimani, with a range of 1,400 kilometres.

‘Neither Tankers Nor Oil Cargo Seized by US Belong to Iran’

The Iranian president’s chief of staff says none of the oil tankers that have been recently confiscated by the US belongs to Iran, noting that their cargo had been already sold.

Rouhani’s Administration to Release Annual Economic Road Map

Iranian President Hassan Rouhani says his administration has come up with a road map to economy for the final year of his tenure.

Oil Shipment Seized by US Already Sold, Paid for: Iran

The Iranian oil minister says the shipment that the United States claims has seized contained Iranian petrol sold to customers.

Oil Tankers Seized by US Had Nothing to Do with Iran: Envoy

Iran's ambassador to Venezuela has denied media reports that the US has seized Venezuela-bound oil tankers belonging to the Islamic Republic.

Sanctions Fail to Stop Iran Making Progress: Rouhani

The Iranian president says sanctions have failed to keep Iran from moving ahead on the path to development and progress.

Iranian Banks to Help Boost Crisis-Hit Tourism Industry

Iran’s Ministry of Tourism, Cultural Heritage, and Handicrafts has discussed closer cooperation with banks to further promote the tourism industry in the country.

Iran, India to Sign Preferential Trade Agreement Pact

Iran and India are to hold negotiations to further enhance mutual cooperation in the trade sector.

Iran’s Economy Growing Despite Sanctions, COVID-19 Outbreak: Rouhani

The Iranian president says the country is making progress on the economic front despite the pressure caused by sanctions and the Coronavirus pandemic.

Syria Opens Probe into US Interception of Iran Airliner

Iran’s Civil Aviation Organization (CAO) says Syria has launched an investigation into the US warplanes’ harassment of a Beirut-bound Iranian airliner in the Syrian airspace.

Iran Filing Lawsuit against Korean Banks for Seizing Its Assets

Iran’s Ministry of Foreign Affairs says the country is filing lawsuits against “delinquent” South Korean banks which have seized Iran’s money.

Iran’s Exports to Eurasia Rise by 63%

Iran’s exports to Eurasia have registered a considerable growth despite the coronavirus pandemic.

Iran’s Steel Output Up 10% in 1st Half of 2020

Iran’s steel production has registered a growth despite the coronavirus pandemic.

Silkworm Breeding; A 600-Year-Old Career in NW Iran

Breading silkworm in order to produce silk, which is called Noqan-dari in Iran, has a long history in the country's north-western region.

US Harassment of Mahan Air Flight ‘Act of Terrorism’: Iran

Iran’s Minister of Roads and Urban Development Mohammad Eslami says the recent dangerous and aggressive maneuvering by two US warplanes close to an Iranian airliner over Syria was an “act of terror”.

US State Terrorism Continues in Air, on Ground, at Sea: Iran

Iranian Minister of Culture Seyyed Abbas Salehi has described the US jet fighters’ interception of an Iranian passenger plane over the Syrian airspace as the latest instance of Washington’s “state-sponsored terrorism”.

Iran Calls Harassment of Its Civilian Plane ‘Violation of Int’l Law’

Iranian Vice-President for Legal Affairs Laya Joneidi says the US jet fighters’ harassment of an Iranian passenger plane over the Syrian airspace was a violation of the international law, and can be legally pursued at international tribunals.

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