Category: Economy and markets
Iran’s MRUD prioritizes ports and maritime economy:Minister_thumbnail

Highlighting recent achievements, Sadegh noted substantial growth in maritime travel. “90 percent of marine trips were conducted via Bandar Abbas and Qeshm. With the addition of two new passenger vessels, we have seen strong public demand,” she stated. She added that plans are underway to expand the passenger vessel fleet to further stimulate marine tourism. […]

Venezuela to overcome difficulties of global tradewar_thumbnail

“We are ready to overcome any difficulties of the economic war that the US President declared to the whole world and to Venezuela,” Maduro said on the Venezolana de Television TV channel, TASS reported. He believes that Trump has taken tariff and tax measures against countries that could “deprive humanity and Venezuela of the right […]

Trump administration demands control over Ukraine’seconomy_thumbnail

In particular, the US seeks the right to be the first to participate in Ukraine’s infrastructure projects and mining programs, including rare-earth metals and the construction of ports. The fund, managed primarily by US representatives, will channel the profits to pay off the cost of military aid provided by Washington to Kiev. According to The […]

Iran’s Oil Ministry responds to media claims about oilsales_thumbnail

Deputy for International and Commercial Affairs at Iran’s Oil Ministry Ali-Mohammad Mousavi addressed reports attributed to Iraq’s oil minister claiming that the US had seized several Iranian oil tankers due to forged Iraqi documents. He categorically denied the allegations, stating that investigations showed the Iraqi oil minister’s remarks were incomplete and based on claims made […]

Iran aims to collect 16bcm APG by end of 7th DevelopmentPlan_thumbnail

He noted that currently, 4 billion cubic meters of APG are collected annually, but under the quantitative target set in the Seventh Development Plan (2024-28), this figure must reach 16 billion cubic meters (bcm) per year. Paknejad, emphasizing the importance of reducing gas flaring, said that significant volumes of gas are currently being flared in […]

Iran begins gas production from first infill well at SPars_thumbnail

Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of South Pars, will add 2 million cubic meters (mcm) per day to the field’s production capacity. The well is the first of 35 infill wells planned for the giant gas field as part […]

Iran-Russia-China meeting key step in resolving nuclearissue_thumbnail

Iran’s Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi has described Iran-Russia-China meeting in Beijing as an important step in resolving nuclear issue, calling the US’s withdrawal from the 2015 nuclear deal “the root cause of all problems”. Gharibabadi said on Friday that putting an end to “illegal and unilateral” sanctions against Iran […]

Pezeshkian urges Iran envoys to help remove tradebarriers_thumbnail

The president made the remarks during a meeting with Ramin Zare and Marzieh Afkham, Iran’s new ambassadors to Nicaragua and Slovenia, respectively, as well as Reza Najafi, the new representative to the United Nations office in Vienna (UNOV). He expressed hope that the new envoys would work towards strengthening Iran’s international exchanges in various fields, […]

Iran, Iraq discuss ways to strengthen energypartnership_thumbnail

During their meeting in Tehran, both ministers highlighted the strong historical, cultural, religious, and political connections between Iran and Iraq and emphasized the importance of enhancing their energy partnership. Additionally, they explored opportunities for collaboration in various energy fields, including oil, gas, petrochemicals, and electricity. MA/IRN

Iranian co. produces biodegradable dressing for woundhealing_thumbnail

By producing its innovative product “FiberDen”, this competent knowledge-based company promises to reduce the length of wound healing, accelerate the wound treatment process, and prevent scarring. This product will hit the domestic market at a competitive price in the next Iranian calendar year (starting March 21, 2025). According to the vice-presidency for science, technology, and […]

BRICS news digest for the previous week_thumbnail

The first meeting of the BRICS Sherpas was held in Brasilia: Lula da Silva: Brazil intends to work towards creation of secure BRICS payment platforms Brazil during its BRICS presidency will promote the development of additional transparent, accessible, and secure payment platforms. Iranian and Russian Foreign Ministers discuss North-South transport corridor project’s realisation: According to […]

Bitcoin slides below $80,000 for first time since November10_thumbnail

As of 02:44 a.m., the cryptocurrency lost 6.08%, selling at $75,555, TASS reported. By 3:00 a.m. GMT, the Bitcoin rebounded to $80,786 (-4.63%). Bitcoin is a decentralized system of cryptocurrency of the same name based on blockchain technology, which can be mined by any user – participant in the system, by creating new blocks of […]

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