Business

Renault to Stay in Iran despite US Sanctions: CEO

Renault says it will stay in Iran despite the fresh sanctions that the US is planning to impose on the Islamic Republic.

Enemy Plotting to Exert Economic Pressure to Disappoint Iranians: Leader

The Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei says the enemies’ major conspiracy is to put Iranian people under economic pressure to frustrate them.

Iran Ready to Offer Technical, Engineering Services to DR Congo

Iran’s Deputy Foreign Minister Morteza Sarmadi says Iranian companies are ready to participate in energy and power projects in the DR Congo.

MP Calls for Punishment of Foreign Firms Leaving Iran

A member of Iranian Parliament Economic Commission says the foreign companies which have decided to leave Iran in the wake of the US withdrawal from the Iran nuclear deal should be punished.

Iran President Issues Orders to Push Down Soaring Prices

Iran’s President Hassan Rouhani has ordered relevant organizations to adopt appropriate measures to push down the soaring prices of goods in the country.

Selling Cranberry Kernels: A Strange but Profitable Job

An Iranian man has landed himself a job that seems to be strange at first glance, but has so far helped him earn a good amount of money.

IRGC’s Construction Base Ready to Work with Foreign Investors

The commander of Khatam al-Anbia Construction Base says the IRGC-affiliated conglomerate is prepared to work with foreign investors who are willing to fund Iranian construction projects.

Iran, China to Use National Currencies in Trade Transactions

The Iranian minister of finance and economic affairs says Iran and China have agreed to use the national currencies of both countries in their trade transactions.

Tehran, New Delhi Set to Boost Strategic Ties

Iranian President Hassan Rouhani and his Indian counterpart Narendra Modi have sat for talks on promotion of all-out ties between the two countries.

Araqchi Assures MPs that Joining FATF Won’t Pose Security Threat to Iran

Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said the country’s membership in the Financial Action Task Force (FATF), the policy-making body of the international financial system, would not pose any security threat to the Islamic Republic.

Iranian Mango Pickle; A Marvellous Mixture of Flavours

Mango is a sensuous, juicy, exotic fruit, and one of the most popular tropical ones in many countries, including Iran. The unripe fruit tastes tart and is used for producing pickles and sauces, among other foods.

“New US Sanctions on Iran Threat to Petrodollar”

US President Trump’s decision to pull the US out of the Iran nuclear deal has reinstated a number of sanctions that have put the petrodollar under threat.

Aliyev Calls for Accelerated Implementation of Iran-Azerbaijan Railway Project

Azerbaijani President Ilham Aliyev has urged the speedy construction of a railway that connects the Iranian and Azeri cities of Astara to each other.

Iran Exporting Pasta to US despite Trump’s Sanctions

Iran has exported its first shipment of pasta to America, defying the sanctions to be re-imposed on Tehran, said the head of an Iranian pasta manufacturing company.

Iran to Increase Exports of Knowledge-Based Products to China

The Islamic Republic of Iran is to expand its exports of knowledge-based products to China.

Foreign Investment in Iran Soared by 49 Percent in 2017

The latest annual report of the United Nations Conference on Trade and Development said Iran has managed to attract over $5 billion in direct foreign investment, showing a 49 percent increase compared with 2016.

Iran Develops Antibacterial Polyester Strings Using Nanotechnology

Iranian researchers have used nanotechnology to develop antibacterial polyester strings that cause the least degree of poisoning for human body.

Tough Days ahead of Iran’s Civil Aviation: Iran Air CEO

Head of Iran’s flag carrier Iran Air voiced concern about looming problems for the Iranian flights at the foreign airports as the planes are going to be refused fuel under new sanctions.

Signing LC Deal to Help Expand Iran-Italy Relations: Rouhani

Iran’s President Hassan Rouhani says a line of credit agreement between Tehran and Rome can pave the way for operationalisation of documents earlier signed between the two countries.

Minister Vows to Prevent Plunge in Iran’s Oil Exports

Iran is investing efforts to maintain its oil production and exports at current levels following the US pull-out from the nuclear pact that is to restore US anti-Iran sanctions, the petroleum minister said.

“Drop in Lira’s Value Due to Turkish Economy’s Dependence on Foreign Assets”

A senior Iranian official says the Turkish economy's dependence on foreign capital is to blame for a drop in the value of its currency.

Iran, India Resolved to Expand Ties despite US Sanctions

Iranian Foreign Minister Mohammad Javad Zarif has described his visit to India as fruitful saying he held productive meetings with Indian official.

China to Make $2bn Investment in Iranian Oil Refinery

A Chinese company is set to build an oil refinery in Iran’s northern province of Mazandaran with a $2 billion investment.

Iran’s Gas Condensates Exports Up %150 since US JCPOA Withdrawal

Iran’s exports of gaseous condensates have risen considerably following the US withdrawal from the Iran nuclear deal.

Qatar Bans Citizens from Buying, Selling Saudi-Made Goods

The Qatari government has banned its citizens from buying or selling goods made in a Saudi-led group of countries that maintain a blockade on the country, in a move that further shatters hopes for the settlement of the political crisis.

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