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Iran’s Roads and Urban Development Minister Mohammad Eslami called on the member states of the International North-South Transport Corridor (INSTC) to establish joint logistics companies to increase the Corridor’s transportation capacity.
Asia’s crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and India slowed down purchases and as Japan recorded zero imports for a third month, government and trade data showed.
America’s auto industry is bracing for a potential escalation in President Donald Trump’s tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress. Late Sunday, the Commerce Department sent the White House a report on the results of an investigation Trump […]
Asian share markets bounced broadly on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks. Iran is taking the final steps in its transition to a modern, streamlined system of taxation. By implementing the electronic execution of taxation procedures, […]
Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. U.S. West Texas Intermediate (WTI) crude oil futures were at $53.70 per barrel at 0344 GMT, up 60 cents, or 1.1 percent, from their last close. International Brent crude futures […]
Renewables are steadily gaining traction in Iran. The quest for a cleaner, greener and more self-sustaining future is now turning out to be quite a movement, though needing a harder push. Almost ten years have passed since the shift from fossil fuels to clean energies started in the country, while renewables have so far reached […]
Cosmo Oil has started loading its first Iranian crude oil cargo, the latest Japanese refiner to resume import of Iranian oil more than two months after the US sanctions waiver was granted, a source with direct knowledge of the matter told S&P Global Platts Monday. The VLCC Jin-Ei commenced loading 850,000 barrels of Iranian crude […]
Administrators of the Office of Islamic Propagation affiliated with Qom Seminary School (Hawza) met with the Leader of the Islamic Revolution, Ayatollah Khamenei. During the meeting with the administrators of the Office of Islamic Propagation, Ayatollah Khamenei regarded as an important duty of the office to answer the enquiries and intellectual needs of the youth, […]
In its latest statistics, the Ministry of Industry, Mine and Trade announced that exports of non-oil products in the country turned 86 fold since the glorious victory of the Islamic Revolution up to the last Iranian calendar year (ended March 20, 2018). The ministry put the Iranian export of non-oil products in the last Iranian […]
The performance of Iran’s real economy was weaker than expected in the first half of the current fiscal year (March 21-Sept. 22, 2018), a report by the research arm of Iranian Parliament reads. While the government’s operating and capital expenditure as well as private sector investment remained almost unchanged at the nominal level, the rise […]