Economy

The daily production of Iran’s two main automakers has exceeded 4,000, according to Minister of Industry, Mine and Trade. Reza Rahmani made the remarks while addressing reporters on the sidelines of the last cabinet session on Monday before the end of the current Iranian calendar year. He said that the two giant Iranian automakers – Saipa and Iran Khodro –…

In a Sunday tweet, Rezaei wrote that “under the current sanctions, the majority of the [Expediency Council] members do not agree on joining FATF.” Noting that two FATF-related bills, including the Palermo Bill (United Nations Convention against Transnational Organized Crime), and CFT (Combating Financing of Terrorism), are still being scrutinized by the Council and await the watchdog’s approval, Rezaei highlighted…

  During an inaugural ceremony in the southern coastal city of Kangan on Sunday, Iran’s president officially launched phases 13, 22, 23, and 24 of South Pars gas field, noting that despite all the US pressures on the Iranian nation, especially through the imposition of unilateral economic sanctions, Iranians remain steadfast and resistant and continue to progress. “Americans did not…

  Dejpasand arrived in Beijing on Monday at the head of a high-ranking delegation to take part in the 17th meeting of the Iran-China joint economic commission. During the meeting to be held on Monday and Tuesday, officials of the two countries will discuss ways of boosting economic cooperation in various areas, including investment, commerce, banking, energy and agriculture. The Iranian minister is…

Iran’s President Hassan Rouhani has inaugurated four new phases of the huge offshore South Pars gas field in a move, which has been seen as a clear sign of the failure of US sanctions against the country. During an inaugural ceremony in the southern coastal city of Kangan on Sunday, Iran’s president officially launched phases 13, 22, 23, and 24…

A host of 75 Iranian legislators signed on Sunday a letter to Chairman of the country’s Expediency Council Ayatollah Sadeq Amoli Larijani, warning that the FATF action plan taken up by the country’s government 3 years ago which led to the implementation of 41 requirements of the body has deadlocked national economy. “The government immediately put all the requirements, except…

Following talks between Iran’s minister of industry, mines and trade and his Iraqi counterparts simultaneously with President Rouhani’s visit to Iraq, 22 industrial and trade agreements were signed by the two countries. Minister of Industry, Mines and Trade Reza Rahmani who is accompanying Rouhani in his visit to Baghdad conferred with the Iraqi ministers of trade and industry. The talks…

Iran and Iraq have signed five memorandums of understanding for the expansion of bilateral cooperation in various economic and healthcare sectors. The documents were signed by senior officials of the two countries in the presence of Iranian President Hassan Rouhani and Iraqi Prime Minister Adel Abdul-Mahdi in Baghdad on Monday. According to the documents, Tehran and Baghdad will improve cooperation in…

The trade between Iran and Iraq is increasing so that Iranian exports of goods to Iraq in the current Iranian year (will end on March 21, 2019) rose by 50 percent compared to last year. In such a situation, achieving $20 billion- trade over the next two years is expected. As the trade volume between Iran and Iraq grows, Iraq…

First Vice-president Eshaq Jahangiri on Saturday inaugurated Iran’s biggest metal production unit that is run by the private sector in the city of Aradan, in northern province of Semnan. Speaking on the sidelines of the inauguration ceremony of the industrial project, Governor of Aradan told the Islamic Republic News Agency (IRNA) that the industrial unit which was built at a…