Iran agrees to dispatch experts, workers to Qatar
The Islamic Republic of Iran and Qatar on Monday inked a letter of understanding on dispatch of Iranian labor to Qatar. - 5/13/08
Iran's reserves in foreign banks increases 36% to $81B
Iranian reserves in foreign banks in mid-February 2008 reached over $81 billion, Iran's central bank announced on Sunday. - 5/12/08
One in four Iranian youths jobless: report
More than one quarter of young Iranians aged between 15 and 24 are unemployed, a top Iranian statistics official was quoted as saying by the Mehr news agency on Monday. -AFP - 5/12/08
Smuggling to Iran rife in dangerous Gulf
Smugglers pile boxes high on their speedboats, covering them with tarpaulin before zipping off into the sunset on the short but dangerous journey across the strategic Strait of Hormuz from Oman to Iran. -Reuters - 5/12/08
Iran produces 5m sq.m of hand-woven carpets annually
Annually five million square meters of hand-woven carpets are produced in Iran, Director of Iran's National Carpet Center Morteza Faraji said here on Saturday. - 5/10/08
Natural Dyes Return To Oriental Carpets But Without The Famous Insect Reds
When Iranian photographer Javid Tafazoli was walking through a weaving village in the mountains of Chaharmahal va Bakhtiyari province, far to the west of Isfahan, he saw an arresting sight. It was a cascade of recently dyed red wool hanging from a tree. -Charles Recknagelis - 5/7/08
Iran, India ink €400m petrochemical MOU
National Iranian Petrochemical Company (NIPC) signed a Memorandum of Understanding with India's Nagarjuna Fertilizers and Chemicals Limited Company (NFCL) in Tehran on Monday for the construction of a joint urea and ammonia complex in the Pars Special Economic Energy Zone (second phase of Assaluyeh). -MNA - 5/7/08
Fitch (UK) Withdraws Ratings of the National Iranian Oil Company and two Iranian Banks
Fitch Ratings-London-02 May 2008: Fitch Ratings (UK) has today affirmed the National Iranian Oil Company's (NIOC) Long-term Issuer Default Rating (IDR) at 'B+' with a Stable Outlook and has simultaneously withdrawn the rating. - 5/6/08
Iran earned $350m refueling ships in one year
Iran earned about $350 million in the previous Iranian calendar year (March 2007–March 2008) by selling fuel to ships crossing the Persian Gulf, the commercial manager of the National Iranian Oil Products Distribution Company (NIOPDC) said on Monday. -MNA - 5/6/08
Goods transited via Iran up by 7%
Some 4.9 million tons of non-oil goods were transited via Iran in the last Iranian year to March 19 indicating an increase of 7.3 percent, managing director of Transit and Border Terminal Office said on Sunday. -IRNA - 5/4/08
Iran's carpet exports fall by 12%
Carpet exports in the previous Iranian calendar year(March 21, 2007 to March 20, 2008) dropped by 12 percent compared to the year before, Head of Iran's National Carpet Center Morteza Faraji said on Wednesday. -MNA - 5/1/08
Government 'trial and error' anger Iran's Rafsanjani
A powerful rival of Iranian President Mahmoud Ahmadinejad has slammed "trial and error" in government and pledged to supervise its policies more closely, the press reported on Tuesday. -AFP - 4/29/08
Iran-UAE annual trade volume hits $12b
A Commerce Ministry official here on Tuesday announced that trade volume between Iran and the United Arab Emirates in the last Iranian year (just ended March 19) stood at $12.3 billion. -MNA - 4/29/08
Iran Air shares to go on sale: Minister
Iran's road and transportation minister here on Sunday voiced the ministry's readiness to privatize Iran Air (HOMA) airline. The official noted Iran Air is a profitable company stating the company operates with over 55 airplanes and owns 44 of them. - 4/27/08
India's Nalco to invest $1 billion in Iran
India's National Aluminium Company Ltd. (Nalco) has lined up a $1 billion investment for the Aluminium industry as well as building a power plant in Iran. - 4/26/08
News Analysis: Firing Tightens Iranian President's Economic Circle
For some 33 months, as Iran's economy minister, he was either silent or supported the president's economic policies. But on April 22, in a farewell speech that ended in tears, outgoing Economy Minister Davud Danesh-Ja'fari blamed President Mahmud Ahmadinejad and his close associates for being directly responsible for Iran's economic crisis. -RFE - 4/25/08
Thai Rice Prices Hit Record; UN Concerned About Asia Food Security
Rice prices in Thailand, the world's leading exporter, reached a record of over one-thousand dollars a ton. As Ron Corben reports from Bangkok the increase in rice and food prices generally will be the center of debate at a U.N. conference next week. -VOA - 4/25/08
Rice rationing in UK
British stores are starting to restrict the sale of bags of rice to protect dwindling supplies, it was reported Thursday. -IRNA - 4/24/08
Drawing Oriental Carpet Designs Is An Artform Of Its Own
Long before most town and city carpets are woven, the design is recorded on paper. The drawing, or 'cartoon,' is what the weavers follow to create their patterns. And when the designs are complex, preparing the cartoons becomes an art form in itself. -Charles Recknagelis - 4/23/08
Iran-China trade exchange exceeds dlrs 20bn
The volume of trade exchange between Iran and China exceeded dlrs 20 billion in 2007, an Iranian diplomat said on Tuesday. -IRNA - 4/22/08
Japan freezes 'nuclear-tied' Iran assets
Japan's Foreign Ministry says it has frozen the assets of Iranian individuals and bodies allegedly involved in Iran's nuclear program. -Press TV - 4/22/08
Iran minister in parting shot at Ahmadinejad
Iran's outgoing economy minister has revealed that he opposed many of President Mahmoud Ahmadinejad's economic policies despite serving almost three years in his government, a magazine reported on Sunday. -AFP - 4/20/08
Top Iran clerics criticise Ahmadinejad over economy
Three of Iran's top clerics have criticised President Mahmoud Ahmadinejad over his handling of the economy, which is currently battling 18 percent inflation, the press reported Saturday. -AFP - 4/20/08
18th international confab on Persian Gulf to be held in June
The 18th international conference on the Persian Gulf will be held in Iran on June 16-17, it was reported on Saturday. - 4/19/08
Iran: German sanctions don't hurt
An Iranian deputy foreign minister said Friday that Germany's reduction in trade with Iran as part of Western sanctions is not hurting his country because competitors from Asia are stepping in to fill the gaps. -AP - 4/19/08
Iran-Spain Trade Reaches 3 Billion Euros
Trade between Iran and Spain reached three billion euros in the past Iranian year ended March 20, 2008, Iranian Ambassador to Madrid said on Saturday. -IRNA - 4/19/08
Iran's Central Bank: We're Clean on Money Laundering
Iranian private banks weren't subject to sanctions by the U.S. Treasury; only a few state-owned Iranian banks were recently prohibited from settling transactions in U.S. dollars, and consequently they have stopped their U.S.-dollar transactions. -Ali Jahani , Director, Public Relations, Central Bank of Iran - 4/18/08
US may consider sanctions against Iran's Central Bank
US sanctions banning transactions with the Central Bank of Iran is among the options to pressure Iran on its nuclear program, a US Treasury official says. -Press TV - 4/18/08
Central Asia: Kazakh Wheat Ban Hits Some Neighbors Harder Than Others
Officials in Kazakhstan have announced a four-month ban on wheat exports aimed at protecting consumers from the effects of global grain shortages. -RFE - 4/17/08
International Oil, Gas and Petrochemical Exhibit opens in Tehran
The 13th International Oil, Gas and Petrochemical Exhibition opened in Tehran on Wednesday. Representatives and companies from 30 world countries including, Belgium, China, France, Germany, Austria, Italy, Russia, Romania, South Korea, Spain, the UAE, Poland, Holland, Qatar, Switzerland, Turkey, Bahrain, Britain, Japan, Belarus, Finland, Ukraine, India, Sweden, Norway, Denmark, Greece, Canada, Australia, and the US have attended the exhibition. - 4/16/08
Iran's exports to Iraq stood at dlrs 1.7bn last year
The director general of Iran's provincial Customs Office for international affairs said that Iran exported dlrs 1.7 billion worth of non-oil goods to Iraq last year. -IRNA - 4/16/08
A Carpet Of Stone Honors Hamburg As Heart Of Europe's Oriental Rug Trade
When people think of oriental carpets, they usually don't think of Germany's biggest port. But Hamburg is the major entry point for handwoven carpets into Europe and for trans-shipments to America. One third of the world's carpets move through here each year, along with many more goods from the East ranging from tea to coffee to computers. -Charles Recknagelis, Tea and Carpets Blogspot - 4/15/08
Iran stresses validity of agreements inked by Iran, former Soviet Union on Caspian Sea
Foreign Minister Manouchehr Mottaki said in Tehran on Tuesday that any new agreement on the Caspian Sea legal regime should be based upon the previous agreements signed between Iran and the former Soviet Union. - 4/15/08
First Persia Fund Opens Iranian Stock Market Equity Fund for Foreigners
First Persia Equity Fund Ltd today announced the re-opening of the First Persia Equity Fund from April 13 to June 18, 2008. The First Persia Equity Fund is the World's only Iran country fund authorized for foreign investment in Tehran's booming (+3.9% year-to-date) stock market by the Iranian Government. - 4/15/08
Iran sets record in pistachio export
Iran's Customs Department says the country has exported 179.6 thousand tons of pistachios worth $1.117bn in the past 11 months. -Press TV - 4/14/08
Rising Global Food Prices Likely to Continue, Say Experts
Sharply rising costs for food staples and fuel are leading to deadly clashes in impoverished countries and likely will continue for some time, say international experts. - 4/13/08
Iran: Supreme Council for Campaign against Money Laundering holds meeting
The members of the Supreme council for Campaign against money laundering are ministers of Economy and Finance, Commerce, Intelligence and the Central Bank president and its secretariat is in the Economic and Finance Ministry. -IRNA - 4/13/08
Iran-Khodro Starts Samand Assembly in Senegal
The SenIran Auto plant in Thies, Senegal's second largest city, has built its first Iran-Khodro Samand sedan. -FNA - 4/10/08
Iran's Inflation rate at 18.4%
The Central Bank of Iran has announced that the inflation rate for the past Iranian year (Mar 20, 2007 to Mar 20 2008) stood at 18.4%. - 4/9/08
Ahmadinejad to sack Iran's economy, interior ministers
President Mahmoud Ahmadinejad is to sack Iran's economy and interior ministers, in the latest changes to the cabinet just after parliamentary elections, his spokesman said on Wednesday. -AFP - 4/9/08
Cirrus eyes Dh20b Dubai realty portfolio by year-end
Iranian developer Cirrus hopes to see its Dubai property portfolio rocket to a staggering Dh20 billion by the end of 2008. -Gulf News - 4/8/08
Iranian minister admits inflation 'failure'
President Mahmoud Ahmadinejad's economy minister on Sunday admitted Iran's government had failed to control rampant inflation, which figures showed rose to 18.4 percent in the last year. -AFP - 4/6/08
Iran Khodro to set up assembly plant in Algeria
Iran Khodro is planning to establish an auto assembly plant in Algeria in near future, according to an advisor to Algeria's Famoval Company said on Wednesday. -IRNA - 4/2/08
U.S. alarmed as some exports veer off course in the Mideast
Yousef al-Otaiba, an adviser to the crown prince of the United Arab Emirates, said his country was more closely monitoring goods that it re-exported while blocking items that might help Iran build weapons systems. But trade experts and Iranian traders in Dubai said there was little evidence that the new export control law was being broadly enforced. -IHT - 4/2/08
Iran's Unemployment Falls to 10.3 percent
Iran's unemployment rate dropped to 10.3 percent in the 2007-2008 Iranian year from 11.3 percent the previous year, a senior government official said on Monday. -FNA - 4/1/08
Russia, China Unlikely To Welcome Iran Into SCO
Iran, Afghanistan, India, Mongolia, and Pakistan currently have observer status in the SCO. The group -- established in 1996 as the Shanghai Five before changing its name in 2001 -- includes China, Russia, and Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. -REF - 3/30/08
Fitch (UK) Affirms Export Development Bank of Iran at 'B+'; Outlook Stable
Fitch Ratings-London-26 March 2008: Fitch Ratings (UK) has today affirmed Export Development Bank of Iran's (EDBI) Long-term Issuer Default rating (IDR) at 'B+' with a Stable Outlook, Short-term IDR at 'B', Individual rating at 'D', Support rating at '4' and Support Rating Floor at 'B+'. - 3/28/08
SCO Chief welcomes Iran's membership
Secretary-General of the Shanghai Cooperation Organization Bolat Nurgaliyev on Thursday welcomed Iran's bid for membership in the Organization. -IRNA - 3/28/08
Profit with pistachios
California grows and loves it pistachios in abundance. The focus now is to expand the presence of this ’heart healthy’ nut across world markets. -Business Line - 3/28/08
Hindujas may ink pact to develop oil, gas fields in Iran
Oil and Natural Gas Corporation (ONGC) and its partner Hindujas Group may sign a multi-billion dollar deal next month for developing oil and gas fields in Iran. -IRNA - 3/27/08
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