Payvand Iran News:
Business, Economy...
Aban 26 1398
November 17 2019
Business & Economy | Energy & Oil Art | Film & Music | Events Heritage & History Philanthropy
Sports | Politics For Peace | Society & Culture Literature & Books Health & Medicine
Rights | Women | Diaspora Travel | Environment & Geography Science & Education Middle East & Asia
Home | Contact | About | Archive | Privacy Policy
Bookstore | Persian Calendar
twitter | facebook | RSS Feed

Bookmark and Share

Directory
Iran Business Source
Iran Travel Source
Fale' Hafez


Media

(Persian)
Shahrvand | Shargh | Ghanoon
Etemaad | Arman | Aftab
Alef | Ettela'at | donya-e eqtesad
Rooz Online | Hamshahri | Iran
Norouz | Kayhan | Resalat
Kayhan London | Salam Toronto
Norouz |
(English)
Iran Daily
| Tehran Times

(Radio, TV)
IRIB | BBC | VOA | Radio Farda
(Agencies)
Fars | IRNA | ISNA | Mehr

Weather
Tehran | Mashhad | Tabriz
Abadan | Esfahan | Shiraz


PHOTOS: Outrage In Iran Over Hike In Gas Prices As Economic Woes Worsen

- Iranians are blasting their government for rationing gas and greatly increasing its price, with many concerned that the move will lead to inflation and greater hardship in a country where so many people are struggling to make ends meet. Golnaz Esfandiari, RFE/RL - 11/17/19

Iranian Startups: Komodaa's Success Story Is Heard From Shiraz

- Sana Khalesi, founder of Komodaa, formerly a content writer in the UK and Greece, says of launching komodaa Startup in Shiraz and that she and her team are thinking of a market of 3,600 billion Tomans (about 300 million dollars). Komodaa is the first Eco-friendly and online fashion marketplace in Iran that tackles this issue by making it super simple to buy/sell pre-owned wearables. -Tahereh Khajegiri, Shanbe Magazine - 11/17/19

Iran Imposes Gasoline Rationing, Raises Prices As U.S. Sanctions Continue To Bite

- Iranian authorities have imposed rationing on gasoline purchases and have increased the price of fuel substantially as the economy continues to be hit by U.S. financial sanctions. The National Petroleum Products Distribution Company on November 14 said a 60-liter monthly limit of gasoline will be set on every private automobile and that prices will go up to about 12.7 cents a liter from nine cents. -RFE/RL - 11/15/19

Iran chief banker warns against speculation as currency prices surge

- The governor of the Central Bank of Iran (CBI) has warned the people against engaging in fresh round of speculative trade of foreign currencies, saying a slight weakening of Iran's rial over the past days is nothing to worry about. -Press TV - 11/15/19

OPEC Says Iran's Oil Production Down By 1.65 Million bpd Since U.S. Sanctions

- The latest OPEC monthly report published November 14 says that not only Iran's oil production fell in the first ten months of 2019, but also the price of the most exported type of Iranian oil fell. Iran's oil production in October decreased by 18,000 barrels, reaching 2,146,000 barrels per day. Iran was producing 3.8 million bpd before the United States imposed sanctions in November 2018. -Radio Farda - 11/15/19

If Iran cannot reap JCPOA benefits others will suffer too: FM Zarif

- Iranian Foreign Minister Mohammad Javad Zarif announced in the Astana Club meeting on Tuesday that if Iran cannot reap the economic benefits of the Joint Comprehensive Plan of Action (JCPOA) definitely the other sides will suffer too. Under the JCPOA, commonly called the Iran nuclear deal, Iran was tasked to limit its nuclear program in exchange for termination of economic and financial sanctions. - 11/14/19

President Rohani Admits Without Oil Exports The Government In Iran Is Broke

- Iran's President Hassan Rohani says his country's situation has never been as "difficult and complicated" as it is today. Rohani admitted that U.S. sanctions on Iran's oil exports are making it difficult to run the affairs of the country. The remarks are in sharp contrast to Rohani's previous statements in which he portrayed a promising picture of the country's economy. -Radio Farda - 11/13/19

President Rohani Repeats Criticism Of Iran's Judiciary, Says Won't Remain Silent

- President Hassan Rohani has defended his criticism of the Iranian Judiciary about the way it deals with financial corruption in Iran, vowing not to remain silent before parliamentary elections. In a speech on Monday, when Rohani was heckled by protesters, he attacked Iran's Judiciary controlled by hardliners for pursuing corruption cases selectively. -Radio Farda - 11/13/19

Iran FM challenges European claim of upholding nuclear deal commitments

- Iranian Foreign Minister Mohammad Javad Zarif has challenged a claim by the European signatories to the 2015 nuclear deal that they are upholding their end of the bargain, saying the trio have, in fact, fulfilled none of their contractual commitments. -Press TV - 11/12/19

President Rohani Heckled During Speech, Shoots Back At Iran's Hardliners

- Demonstrators protesting President Hassan Rohani's policies heckled Iran's president during a speech in the city of Yazd in central Iran on Sunday November 10. Rohani said "the voice of these young men is not the voice of the people," and called on his supporters "not to allow America's demands be voiced by these individuals." -Radio Farda - 11/12/19

US sanctions on Iran killing children with EB: NGO

- Iranian children suffering from a rare skin condition known as EB are losing their lives as US economic sanctions hamper the flow of vital medical products, an NGO says. Hamid Reza Hashemi-Golayegani, the head of the NGO that helps such patients, said Sunday that at least 15 Iranian children with epidermolysis bullosa (EB) have died since the US launched its new sanctions on Iran in August. -Press TV - 11/11/19

New oil field is Iran's second largest: Oil Minister

- The Namavaran oil field discovered by Iranian experts has an estimated 53 billion barrels of reserves, Zangeneh said on Monday. Iran's largest oil field contains 65 billion barrels and is located in in Ahvaz. According to Zangeneh, exploration started at the site in 2016, with 31 billion barrels previously discovered. The newly-discovered field adds 22.2 billion barrels to the country's estimated crude reserves. -Press TV - 11/11/19

Marriages Decrease, Divorces Increase At Alarming Rate In Iran

- The rate of marriages in Iran dropped by nine percent in the 2018 compared with the previous year, an official at the National Organization for Civil Registration (NOCR), Alireza Sajedi, says. "NOCR registered 550,565 marriages in (the Iranian year) 1397 across Iran, which shows a nearly 9% drop, compared with 1396," Sajedi asserted, adding that the rate of marriage in the country started to drop in the late 2000s, and continued to shrink. -Radio Farda - 11/7/19

Iran's President Rohani opens first major startup accelerator in Tehran

- President Rohani has opened a first major startup accelerator in the county, a sign his government is intent on using the domestic know-how to compensate for the technological losses caused by the American sanctions. Rohani opened the Azadi Innovation Factory (AIF) in Tehran where he spent hours talking to heads of startups and minor accelerator companies involved in various fields of technology and science. - 11/6/19

Iran's Central Bank Acts On Money Laundering After Deadlock With Hardliners

- The Iranian Central Bank has made it mandatory for all banks in Iran to establish an anti-money laundering unit. The initiative appears to be an effort by the Rouhani administration to circumvent the legislative deadlock over meeting the requirements of the Financial Action Task Force (FATF). -Radio Farda - 11/6/19

U.S. issues fresh sanctions on nine Iranian individuals and one entity‎

- The United States has imposed sanctions on nine individuals and one entity, "who are appointees of, or have acted for or on behalf" of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei...The new sanctions also targeted officials at Ayatollah Khamenei's Office, including his chief of staff. -Press TV - 11/5/19

U.S. Sets New Sanctions On Iran Construction Sector, Extends Waivers On Civil Nuclear Program

- The United States has extended nuclear-cooperation waivers on Iran's civil nuclear program to "help preserve oversight" of the sector, but at the same time imposed new sanctions on the country's construction industry because of its links to the hard-line Islamic Revolutionary Guards Corps (IRGC). -RFE/RL - 11/1/19

Iran eyes over $9B worth of steel exports until March

- Iranian authorities say the country would exceed a target set for exports of steel until March next year despite American sanctions that have specifically targeted the metals sector. A deputy to Iran's minister of industries said on Thursday that a target of $9 billion worth of steel exports set for the end of the current Iranian calendar year would be well within the reach of the country as production in the first two quarters had exceeded the government estimates. -Press TV - 11/1/19

Iran says trade deficit for two quarters stood at $273M

- Iran's customs office data shows balance of trade in the first two quarters of the current calendar year, which started in March, was slightly negative as a report shows trade deficit recorded for the period was $273 million. A Wednesday report by the ILNA news agency cited an analysis of the customs data for Iran's trade of goods excluding crude in the six-month period ending on September 22, 2019, saying the country exported $21 billion worth of goods while imports reached $21.2 billion over the same period. -Press TV - 11/1/19

"Maximum Pressure": U.S. Economic Sanctions Harm Iranians' Right to Health

- The Trump administration's broad sanctions on Iran have drastically constrained the ability of the country to finance humanitarian imports, including medicines, causing serious hardships for ordinary Iranians and threatening their right to health, Human Rights Watch said in a report released today. The administration in Washington should take immediate steps to ensure a viable channel exists for trade of humanitarian goods with Iran. - 10/29/19

NAM capable of neutralizing impact of US sanctions: Iran's president Rouhani

- Iranian President Hassan Rouhani has censured the United States for dominating the international monetary system and misusing dollar, saying the Non-Aligned Movement (NAM) is capable of countering Washington's illegitimate actions and making its sanctions ineffective. -Press TV - 10/27/19

Iran minister scraps U.S. visit to attend finance meeting after visas denied

- Iran's Minister of Economic Affairs and Finance Farhad Dejpassand has cancelled a trip to the United States earlier this month to attend a high-profile international meeting after Washington denied visas for members of his visiting delegation. -Press TV - 10/25/19

Iran says Pride will go from its recession-hit car industry

- Iranian authorities say that Pride, a car model that has dominated the country's market for more than two decades, will be dumped in early summer 2020 as reports emerge of a recession that has affected sales in the wider industry. - 10/24/19

Serious Slowdown Has Gripped Iran's Real-Estate Market

- A serious and historic slowdown has gripped Iran's residential real-estate market, with nationwide sales down 55 percent this month compared with the same period last year. Iran's semi-official ISNA news agency says nationwide sales from September 21-October 6 were 16,400 units, a huge drop from the previous year when around 35,000 units were sold in the same period. - 10/24/19

Iran Says Revising Privatization Regulations In Bid To End Murky Deals

- The Rouhani administration's spokesman Ali Rabiei says the administration has revised the regulations for the privatization of government companies. Critics say murky privatization deals have transferred once profitable industrial conglomerates in Iran to corrupt individuals who have used the acquired assets to borrow money from state banks and then fail to pay the workers. - 10/23/19

Iran's Central Bank And Automakers Accuse Each Other Of Inefficiency

- Firing back at the governor of the Central Bank of Iran (CBI) for his recent caustic comments, the Auto Manufacturers Association (AMA) has accused him of extreme "demagoguery" and "lack of expertise." - 10/22/19

Over a million omitted from Iran cash subsidy list: Report

- The Iranian government has reportedly removed more than a million people from its cash handout list, saying they are well-off and are not eligible to receive subsidies. Cash handouts were introduced in Iran in November 2010 when a previous administrative government decided to decrease subsidies paid for energy to raise the money needed for social welfare and economic development plans. - 10/21/19

South Korea urged to act on stalled pharmaceutical exports to Iran

- Iranian businesses and lawmakers are complaining that the South Korean government has not done enough to ensure that exports of pharmaceutical products to Iran continues despite American sanctions that have restricted banking transaction. "We expect that the (South) Korean government solves the banking problems with special care," said Pouya Firouzi, who serves as the secretary of Iran-South Korea joint chamber of commerce, on Saturday. -Press TV - 10/20/19

Iran's monthly steel products exports rise 60% yr/yr

- Iran exported 584,000 tons of steel products during the sixth Iranian calendar month of Shahrivar (August 23-September 22), which was 60 percent more than the figure of the same month in the past year, IRIB reported on Wednesday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). - 10/18/19

Global watchdog extends suspension of anti-Iran measures until February

- The Paris-based Financial Action Task Force (FATF) has given Iran a final deadline of February 2020 to tighten its rules against money laundering in compliance with the global watchdog's financial standards. The watchdog had earlier extended the suspension of its counter-measures several times as Iran's legislature was engaged in passing the relevant bills.-Press TV - 10/18/19

Female pilots take control of first Iranian domestic flight

- Reports in the Iranian media shows a female captain and her co-pilot (Neshat Jahandari and Forouz Firouzi) have flown a passenger plane, a first in the history of the country's aviation industry. The reports published on Tuesday showed photos of the two pilots taken from the social media showing them before and after the two-way flight between the capital Tehran and the second largest city of Mashhad, located east of the country. -Press TV - 10/16/19

World Bank And IMF Issue Worse Estimates For Iran's Growth Prospects

- Iran's economy will shrink by a massive 9.5% this year, the International Monetary Fund (IMF) said in its World Economic Outlook report on Tuesday, October 15. Based on the same report, the Islamic Republic's economy has further deteriorated from a previous estimate of a 6% contraction. -Radio Farda - 10/16/19

President Rohani: U.S. committing crime against humanity by targeting Iranians' livelihood

- President Hassan Rohani said on Tuesday that the United States has committed "crime against humanity" by "economic terrorism" against the Iranians. "Undoubtedly, the United States' administration has committed a crime against humanity. The United States' action is economic terrorism," Rohani said during a speech at the 66th session of the WHP Regional Committee for the Eastern Mediterranean. - 10/16/19

Iran's Banking System Reform: Improving Or Interrupting?

- Last week, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced that a plan for reforming the country's banking system has been prepared by the ministry and handed over to President Rouhani in late September. And on Monday, the minister announced the start of the mentioned plan in the government-owned banks. -Mahnaz Abdi, Tehran Times - 10/13/19

US sanctions impeding treatment of Iranian victims of Saddam's chemical attacks: OPCW envoy

- Iran's ambassador and permanent representative to the Organization for the Prohibition of Chemical Weapons (OPCW) says unilateral US sanctions have prevented the country's access to medical and health services required to treat victims of chemical attacks carried out by former Iraqi dictator Saddam Hussein in the 1980s. - 10/10/19

How much Iranians spend on ICT hardware and services?

- The Information Technology Organization of Iran has conducted a survey which shows that Iranian families spend 222.68 trillion rials (about $5.3 billion) annually for information and communication technology (ICT) hardware and services, Mehr reported on Saturday. - 10/10/19

Iran Says China's CNPC Pulls out of Gas Project

- Iran's oil minister said Sunday that China's CNPC has withdrawn from the development of an offshore gas field and that state-owned Petropars will take over the entire project. The South Pars gas field was to be developed jointly by France's Total, China National Petroleum Corporation and Petropars under a $4.8-billion (4.1 billion-euro) deal signed in July 2017. -VOA - 10/7/19

Iranian currency rial regains value by 40 percent in a year: Central Bank

- Governor of Central Bank of Iran (CBI) said the value of Iranian currency, rial, has recovered by over 40 percent against U.S. dollar in the past 12 months. Today, the national currency has strengthened by 40 percent compared to exactly a year ago; the inflation has been controlled and indications of economic growth are starting to show," Abdolnasser Hemmati wrote in an Instagram post on Wednesday. - 10/4/19

Iran's Auto Parts Tycoon Charged With Major Corruption, Punishable By Death

- The representative of Tehran's Prosecutor has charged the manager of an auto parts manufacturing company in Iran with "corruption on Earth," punishable by death. The man charged is Abbas Iravani, a renowned businessman, a close confidant of the ex-President of the Islamic Republic late Akbar Hashemi Rafsanjani and many other influential leaders, as well as an art collector. -Radio Farda - 10/4/19

Brother Of Iran's President Rohani Sentenced To Five Years For Corruption

- The brother of Iranian President Hassan Rohani has been sentenced to five years in prison for corruption and bribery. Gholamhossein Esmaili, a spokesman for the judiciary, told reporters on October 1 that Hossein Fereidoun, Rohani's brother, might face further charges in another case, though he gave no details. - 10/1/19

Iran awards contracts to push ahead with major oil pipeline project

- Iran has awarded contracts to three domestic engineering firms for manufacturing giant pumping devices needed for a major pipeline project that would transfer Iran's oil from export terminals southwest of the country to the coast of the Sea of Oman, in the southeast. - 10/1/19

Iran's foreign minister slams Europe for taking similar stance as US against Iran

- Iran's Foreign Minister Mohammad Javad Zarif has lambasted Germany, France and Britain -- three of the European signatories to the 2015 Iran nuclear deal -- for echoing statements and claims made by the United States regarding the Islamic Republic. -Press TV - 9/30/19

Iran's Inflation Rate at 42.7 Percent: Statistical Center

- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on September 22, which marks the end of the sixth Iranian calendar month of Shahrivar, stood at 42.7 percent, IRIB reported. - 9/30/19

Turkey's Erdogan Defies Trump Over Iran Sanctions

- Turkish President Recep Tayyip Erdogan on Friday continued to chart a collision course with Washington over Iran. Erdogan is categorically ruling out enforcing American sanctions intended to put Iran in an economic straitjacket. -Dorian Jones, VOA - 9/28/19

Striking Iranian Sugar Plant Workers Add Colleagues' Freedom to List of Demands

- Hundreds of workers of the Haft Tappeh Sugarcane Agro-industrial Complex in the city of Shush, southwestern Iran, attended a fifth consecutive day of demonstrations on September 27, 2019, to protest the expulsion of about 20 of their colleagues and imprisonment of seven others under lengthy sentences. -CHRI - 9/28/19

Iran's Rohani Accuses U.S. Of 'Economic Terrorism'

- Iranian President Hassan Rohani has told the UN General Assembly that Iran won't negotiate on its nuclear program as long as it remains under sanctions, and accused the United States of "merciless economic terrorism." -RFE/RL - 9/26/19

New Trump Iran Designation Threatens Humanitarian Goods

- In July 2019, Brian Hook-the U.S. Special Representative on Iran-released a video addressing the purported "myth" that the U.S. sanctions humanitarian trade with Iran. That wasn't a "myth" at the time, as the U.S. had historically circumscribed how humanitarian trade with Iran may take place. But now more recent events indicate that sanctioning humanitarian trade is not only a reality but increasingly appears to be a hallmark feature of current U.S. sanctions policy towards Iran. -Tyler Cullis - 9/25/19

Iran's March-August aluminum output down by 32%: Industry Ministry

- A report by Iran's ministry of industry shows that production of primary aluminum in three major smelters in the country have decreased by over a third in the initial five months of the current Iranian calendar year. The significant decrease in primary aluminum production in Iran comes despite a reverse trend reported in other metal sectors, including in steel and raw iron. - 9/18/19

Iran says 'masters of sanction' killing innocent people

- Iran's ambassador and permanent representative to the UN office in Geneva has lashed out at the US for imposing cruel sanctions against Iran, warning that the negative consequences of such measures turn it into a "crime against humanity." -Press TV - 9/13/19

Iran non-oil exports hit $44.3B in March 2019: Plan and Budget Organization

- A report by the Iranian government shows non-oil exports, including petrochemicals and condensates, exceeded $44 billion in the year ending March 2019. The report by Plan and Budget Organization of Iran (PBO) published on Thursday showed that exports had topped $44.310 billion in the 12-month period, an increase of 5.9 percent compared to the figures recorded in March 2013. -Press TV - 9/13/19

Trump Says He Could Ease Sanctions if Iran Wants to Talk

- U.S. President Donald Trump again dangled the possibility of easing U.S. sanctions on Iran if it can bring President Hassan Rouhani to the bargaining table. "We will see what happens," Trump told reporters at the White House Wednesday. He said Iran wants a deal because "they have tremendous financial difficulty and the sanctions are getting tougher and tougher." - 9/12/19

Is Iran At Risk Of Becoming A Chinese Colony?

- According to an article in the Petroleum Economist, during Iranian Foreign Minister Javad Zarif's visit to China in late August, Tehran and Beijing updated an agreement they had reached in 2016 called the China-Iran Comprehensive Strategic Partnership and added new items to it. Most of these new points have not been publicly released. -Shireen T. Hunter - 9/12/19

Iran talks with US meaningless while sanctions still in place, Rouhani tells Macron

- Iranian President Hassan Rouhani has informed his French counterpart Emmanuel Macron that there is no point in talks with the United States as long as it keeps sanctions against the Islamic Republic in place. Speaking to Macron over phone on Wednesday, Rouhani said the US violated its commitments under the 2015 nuclear deal once it decided to quit it in May 2018. - 9/12/19

Iran Sanctions Curbing Global Scientific Progress: Top British Journal

- The British medical journal BMJ Global Health says US sanctions on Iran, a leading country in the world for science, are curtailing global scientific progress. As a result of the draconian sanctions, Iranian scientists have been denied opportunities to publish their findings, attend meetings, and access essential supplies and information, the publication said. -Press TV - 9/10/19

Former Minister's Daughter Arrested In Iran For Alleged Corruption

- Authorities in Iran have arrested the daughter of a former minister of industry, mines, and trade for cornering a part of the medicine market and accumulating assets through illegal channels, the state-run Iran Students News Agency (ISNA) reported on Sunday, September 8. - 9/9/19

Europe's trade mechanism with Iran goes forward: EU

- The European Union says there is "an advancement" in a long-anticipated trade mechanism, called the INSTEX, with Iran, after Tehran's announcement of further cuts in its commitments under a 2015 nuclear accord it signed with major world powers. - 9/6/19

The Stubborn Persistence Of Failed Maximum Pressure Against Iran

- It is a sure sign that the Trump administration's campaign to squeeze Iran into submission is a failure when those who customarily favor pressuring Iran acknowledge that failure. Take what has become the administration's go-to rationale for the campaign in the face of other evidence that it is not working: the claim that U.S. sanctions have undercut Iran's "malign" activity in the Middle East by reducing the funds available for such activity. -Paul Pillar - 9/4/19

Thousands Of Children Forced To Work, Beg In The Streets In Iran

- Beggars in the Iranian capital city Tehran earn more than $350,000 a month, says the deputy of the Islamic Republic's Welfare Organization, Mohammad Reza Fazelinejad. Speaking to the state-run Iran Students News Agency (ISNA), Fazelinejad said on Sunday, September 1, "By direct handouts to street urchins, child workers, and beggars, citizens of Tehran increase the number of vagrants, while their payments ultimately are taken away from the paupers." -Radio Farda - 9/3/19

Iran imports nearly $1B worth of rice from March to August: Customs Office

- Rice, corn and oil-rich seeds top Iran's list of food imports, shows five-month data by Iran's customs office, amid measures adopted by the government to minimize the impacts of American sanctions on food security in the country. The figures released by IRICA on Monday showed that Iran had spent a total of $946,216,210 on rice imports between late March and late August 2019. -Press TV - 9/3/19

Iran foreign debt down by 7 percent in 2 months: Central Bank

- The Central Bank of Iran (CBI) says the debt the country owes to foreign creditors have decreased by seven percent in two months. The CBI said on Sunday that aggregate foreign debts stood at $8.816 billion on May 21, 2019, down from $9.339 billion at the end of last Iranian calendar year on March 20. - 9/2/19

Around 8 million tourists arrived in Iran in early 2019: Tourism Chief

- Head of Iran's government department on tourism says around eight million foreigners visited the country in the last Iranian calendar year ending in March 2019. "Some 7.8 million foreign tourists arrived in the country last year," said Ali Asghar Mounessan, adding that the figure shows a 40-percent year-on-year increase. -Press TV - 8/27/19

Iran's Currency Keeps Rising Amid Diplomatic Efforts To Reduce Tensions

- In the wake of a series of diplomatic efforts aimed at reducing tensions between Iran and the United States, the value of the Iranian currency rial rose 1.8 percent against the dollar on Tuesday. Various currency websites at midday Tuesday local time in Iran reported the rial trading at just below 110,000 to the dollar. In July the dollar stood at above 120,000 rials and in March it was trading at 150,000 rials. - 8/27/19

China's oil imports from Iran rise despite US threats

- China imported more than 900,000 barrels per day (bpd) of crude oil from Iran in July, up more than 8 percent from the month before, data released by China's General Administration of Customs (GAC) on Tuesday showed. -Press TV - 8/27/19

Two Iranian Lawmakers In Arrested In Connection With Auto Industry Corruption

- Security forces in Iran have arrested two members of the Iranian Parliament (Majles) on charges of "disrupting the car market," a member of parliament's ethics committee told Fars news agency on Thursday, August 22. The arrests are the latest in a series of developments concerning the Judiciary's clamp-down on financial corruption in Iran's vehicle manufacturing Industry. -Radio Farda - 8/23/19

Either security for everybody or insecurity for everybody, Iranian FM warns

- The top Iranian diplomat says "security is a common global commodity," that either exists for everybody or no one. Speaking at the Stockholm International Peace Research Institute (SIPRI) during a visit to Sweden, Iranian Foreign Minister Mohammad Javad Zarif made the comments Wednesday amid the US military presence in the Persian Gulf. -Press TV - 8/21/19

Sanctions hindering pharma raw materials import: Iranian Red Crescent

- Problems in transferring money from foreign banks and using foreign exchange has been hindering the import of pharmaceutical raw materials into the country for a long time, announced the director of medical supply department at the Iranian Red Crescent Society (IRCS). - 8/20/19

Iran in reverse brain drain as top students come home in rising numbers: Official

- A senior Iranian official says the government has managed to reverse a trend of brain drain that has harmed the country's aspirations for scientific and economic development. Sorena Sattari, Iranian deputy president for science and technology, said on Monday that students from top universities around the world were returning home in quite unprecedented numbers, adding that a total of 130 students graduated from 100 top-ranked universities of the world had returned to Iran between late March and late July. -Press TV - 8/20/19

Iran-operated tanker Adrian Darya leaves anchorage at Gibraltar

- The Iran-operated Adrian Darya 1 supertanker, which was recently released by the government of Gibraltar one month after being seized by British marines, has finally left anchorage at the Strait of Gibraltar, slowly moving toward its new destination. - 8/19/19

The Five Caspian Sea Littoral States Ink Economic Cooperation Deal

- Iran and four other Caspian Sea countries have signed an agreement on economic cooperation in Turkmenistan's capital. Senior officials from Iran, Turkmenistan, Azerbaijan, Kazakhstan, and Russia signed the deal during the First Caspian Economic Forum in Bishkek on Monday, according to Fars News. -Press TV - 8/12/19

More Iranians Forced to Rely on Unsafe Online Hosting After Blocked by Amazon

- Amazon has become the latest major American technology company to block Iranians from accessing its products and services due to U.S. government sanctions that prohibit companies from providing products or services to people based in Iran. -CHRI - 8/8/19

Smart Hives Developed by Researchers at Tehran's Sharif University of Technology Increase Efficiency of Beehives

- Researchers at Sharif University of Technology have developed smart hives for better beekeeping. The Nove startup team, led by Dr. Amin Rezaiezadeh, Assistant Professor of Electrical Engineering at Sharif University of Technology, and Dr. Mehdi Shahrdad, Assistant Professor of Electronics Research Institute of Academic Center for Education, Culture and Research, has developed a smart beehive, Kando 1+ benefiting from IoT - 8/5/19

Iran draws a record 600,000 medical travelers in four months

- Iran hosted a record high of nearly 600,000 medical travelers during the first four months of the current Iranian calendar year (March 21-July 21), nearly equal to the figure for the whole past year (March 2018-19), according to an Iranian association for the health tourism promotion. - 8/1/19

Iran's government approves plan to drop four zeros from currency, revert to toman

- The Iranian government has approved to revalue its rial tenfold and revert to the currency's old name, the toman, the Fars news agency reported on Wednesday. The proposed plan has now to go before the parliament for vote and final approval by the Guardian Council which vets legislation before it takes effect. - 7/31/19

Brazil judge orders Petrobras to refuel stranded Iranian ships

- Brazil's highest judicial authority has ordered Petrobras to refuel two Iranian grain ships after the Brazilian state-run oil company refused to assist the vessels citing the United States sanctions targeting the Islamic Republic. -Press TV - 7/26/19

Iranian startups come to light with No-Afarin scheme

- The No-Afarin scheme, developed by Iran's Information and Communication Technology Ministry to support startups, was introduced during a ceremony on Wednesday July 17, 2019. With the slogan, 'Smart Iran, brighter future', the scheme is a part of the digital economy development document and aims to create 68,000 job opportunities. -Setareh Behroozi, Tehran Times - 7/23/19



Islamic Art and Architecture: From Isfahan to the Taj Mahal

© Copyright 1997-2017 NetNative (All Rights Reserved)