Economy

Each Iranian heavy crude was sold for $ 80.68 in the afore-mentioned period, indicating a $ 27.59 increase, compared to the same period last year, according to National Iranian Oil Company (NIOC). This is while its price was 78.77 dollars per barrel in the week ending on October 5th. On …

Except for South Korea, major Iranian oil customers have turned a blind eye to threats by US President Donald Trump and are continuing their purchases from Tehran.This comes despite Washington's pressures on them to halt imports from Iran while in less than a month (on November 4) the second round …

US arms producers fear their contracts with Saudi Arabia may be put on hold by Congress due to the recent accusations against Riyadh over the disappearance of Saudi journalist, Reuters reported, citing an anonymous US official. Some of the military contracts with Saudi Arabia had already experienced such barriers over …

'Following the meeting, the parties agreed that the interested companies should speed up preparation of specific proposals for electricity trade within the integrated power grid of the three countries and consider the possibility of tests supplies of electricity to Iran in 2019,' TASS cited the ministry as saying.8072**1396Follow us on …

Slovenia is keen to develop economic and trade cooperation with Iran, General Manager of the Chamber of Commerce and Industry of Slovenia Sonja Šmuc said.She made the remarks in a meeting with Iranian Ambassador to Slovenia Kazem Shafei.The Slovenian official noted that her country will send an economic delegation to …

Addressing a meeting of communication ministers of regional countries in Ashgabat titled 'Turkmen Tel 2018', he said a sense of solidarity with other societies should be regarded as the best means for building a more powerful region. Establishing joint markets plays a significant role in bringing stability, security and development …

Reza Navvabi told Iran Daily that Iran exports rose water to 30 countries, mainly to Saudi Arabia, the UAE and Bahrain.The UAE imports rose water in bulk, then repackages and exports the product to ensure a more efficient and lucrative trade, he added.Navvabi noted that despite efforts to introduce the …

The MoU was signed between the Energy Technology Development Headquarters, the Center for the Development of Strategic Technologies of and the Renewable Energy Society of the Iranian Chamber of Commerce, Industries, Mining and Agriculture.The purpose of this Memorandum of Understanding is to establish and launch the Center for the Development …

With the second wave of US sanctions targeting its oil exports less than a month away, Iran is looking for creative ways to get around the sanctions and keep its oil export business alive, Sputnik reported.One way of doing this is to revive the practice Tehran resorted to until 2015 …

The Rome's appeal court annulled a petition, worth nearly 5 billion dollars presented by a number of American plaintiffs to seize the CBI assets, Head of the Center for International and Legal Affairs of the Iranian Presidential Office Mohsen Mohebi said on Wednesday.The Italian court's order for seizure of CBI …