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        19 September 2018 - Wednesday - 9 Muḥarram 1440 | 19/09/2018 (40) 18/09/2018 (43) 17/09/2018 (25) 16/09/2018 (43) 15/09/2018 (39) Total: 142,323 content        Facebook Twitter Youtube

Economy

18 September 2018 0:18

  Iran has received new proposals from Europe that would potentially meet its demand for practical guarantees for continued trade and keep Iran in a nuclear deal with five world powers, says the Iranian Foreign Ministry spokesman, amid attempts by the United States to derail that agreement. Speaking at a regular press briefing at the Iranian Foreign Ministry in Tehran on Monday,...

16 September 2018 15:24

Iran has criticized the Organization of the Petroleum Exporting Countries (OPEC) for allowing Saudi Arabia and the United Arab Emirates to turn the group into a “tool in the hands of the US”. "Saudi Arabia and the UAE are turning OPEC into a tool for the US and consequently the organization has not much credit left," Iran's OPEC governor Hossein Kazempour Ardebili was...

15 September 2018 14:02

  A senior Iranian oil official says the United States will fail to drive Iranian oil exports down to zero as the market is already tight and rival producers are not able to make up the shortfall. Iran's OPEC governor, Hossein Kazempour Ardebili, told Reuters on Friday that a "supply shortage" showed that Washington would not be able to meet its zero...

14 September 2018 22:27

  A senior Iranian oil official says the United States will fail to drive Iranian oil exports down to zero as the market is already tight and rival producers are not able to make up the shortfall. Iran's OPEC governor, Hossein Kazempour Ardebili, told Reuters on Friday that a "supply shortage" showed that Washington would not be able to meet its zero...

11 September 2018 6:48

  The Chinese Foreign Ministry says Beijing will respond if the United States takes any new steps on trade after Washington threatened to levy additional taxes on practically all Chinese imports. "If the US side obstinately clings to its course and takes any new tariff measures against China, then the Chinese side will inevitably take countermeasures to resolutely protect our legitimate rights,"...

11 September 2018 6:46

  Iraq indicated that it has officially removed the US dollar in trade with Iran by announcing a legal limit for passengers to carry along Euros - instead of the customary US Dollars - into the Islamic Republic. Iran’s media quoted a statement by Iraq’s Customs Authority as saying that passengers would be allowed to carry along €10,000 or an equal value...

9 September 2018 18:01

  The widening wealth gap between the poor and rich in the UK and other parts of the West is the result of an outdated economic system in which the affluent classes exploit the economy to their own advantage, an academic from London says. “The existing system only serves the interests of a narrow elite and now when they have got their...

6 September 2018 14:31

US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis are on an official visit to India with a top agenda priority of pressuring New Delhi to stop buying Iran’s oil. A senior US State Department official, who was not named in reports, said on Thursday that American and Indian officials were engaged in “very detailed conversations” to persuade India...

5 September 2018 14:27

Head of Iran’s Judiciary Ayatollah Sadeq Amoli Larijani cautioned those behind disruption to the country’s economy and capital market that they will face severe reaction from the Judiciary. Speaking to reporters on the sidelines of an Assembly of Experts meeting in Tehran, Ayatollah Amoli Larijani said the individuals creating chaos in the currency, gold coin and automobile markets and taking advantage...

4 September 2018 21:20

  Iran has brought online 3.4 million metric tons per year (mt/y) of new methanol, urea and ammonia capacity at a cost of $1.85 billion, Ministry of Petroleum’s Shana news outlet reported on Tuesday. Marjan Methanol’s 1.65 million mt/y unit was inaugurated by President Hassan Rouhani along with 1.75 million mt/y urea and ammonia unit of Pardis Petrochemical Complex in Iran’s energy hub of Assaluyeh. "The...

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