Economy

The bill had 55 nays, and 2 parliamentarians abstained from voting for or against it. The introduction of the bill says that it is presented to Majlis regarding the fact that there are some problems in the law of fighting money-laundering such as lack of proportion between crime and punishment …

According to Iran’s Embassy in Muscat, 20 Iranian companies involved in producing dried fruits, foodstuff, processing industries, livestock drugs and pastries are presenting their products in the Exhibition of Agricultural Products and Halal Foodstuff.The exhibition provides an opportunity for the Iranian companies to become further familiar with their Omani counterparts.Three …

Islamic Republic News Agency (IRNA) quoted Reuters as reporting that U.S. West Texas Intermediate (WTI) crude futures rose $ 1.01, or 1.5 percent, to settle at $ 70.73 a barrel. This was the first time since November 2014 that WTI had climbed above $ 70. Brent crude futures jumped $ …

Saeed Mohammadzadeh, deputy minister of roads and urban development and managing director of Iran Railway Company told the Islamic Republic News Agency (IRNA) that Iran has tried to get a bigger share of cargoes transited from India and Southeast Asia to Russia and Europe.Mohammadzadeh, who is in Ankara to take …

Head of the commission’s maritime industries working group, Seyyed Mehdi Moqaddasi told a meeting on the state of Bushehr province’s maritime industries that a strategic document on Iran’s maritime industries was compiled in a bid to extend support to the country’s marine industries.Ten proposals in support of Iran’s marine industries …

In a meeting with Iran’s Finance Minister Masoud Karbasian in Tehran late Monday, he said that the activity of Georgian Stock Exchange is very low compared to Iran’s capital market.Operating 31 flights between the two countries every week last year signifies high tourism economy capacity and mutual trade cooperation, he …

Amir-Hossein Zamaninia, made the remarks on the sidelines of the 23rd International Oil, Gas, Refining and Petrochemical Exhibition in Tehran. Saudi officials have always been seeking to catch Iran's sales markets thorough offering discounts and different other plans, Zamaninia said. Saudi Arabia has begun an unhealthy competition, but the statistics …

He made the remarks on the sidelines of the 23rd International Oil Exhibition.Mousavi said swap operation began last year after several years of operations were halted.He added that currently this operation is being made only by one country, but Iran plans to increase the destinations.In swap operation, oil consignment from …

Ali-Morad Akbari made the remarks speaking to reporters, urging the need for managing water consumption. Zayandeh Rood River basin as well as the provinces of Fars, Hormuzgan, Sistan-Baluchestan and Bushehr have the worst conditions in the country in regard to receiving rainfalls, Akbari said. One of the ways to strengthen …

The MoU was signed by Director General for Europe, America and Caspian Sea neighbors Department of Petroleum Ministry Hossein Esmaeili Shahmirzadi and Head of Spain delegation Maria Mercedes Monedero Higuero, who is Assistant Deputy Director for Mediterranean countries, Africa and the Middle East, on the sidelines of joint working group …