A US-based insurance company, which covers the global shipping industry, says it has obtained necessary authorization from US government to cover Iranian oil cargos transported by non-American companies.
Iran's daily crude oil production increased by 400,000 barrels and the figure is expected to rise by another 200,000 barrels shortly, said a deputy oil minister.
Iran’s government, which is seeking to improve the country’s economy, has decided to focus on foreign exchange rate and banking interest rate after it managed to bring down inflation rate under 15 percent.
Iran Mercantile Exchange (IME) announced that commodities valued at around $185 million and weighing over 583,942 tons were traded in its domestic trading and exports halls in the past working week (Feb. 6-10).
South Korea will provide comprehensive financial support to local companies wanting to enter the Iranian market, the trade and industry minister said Friday.
Takfiri militants in Syria have reportedly received new supplies of Grad missiles from their foreign supporters in the face of their recent losses against the Syrian army.
Tehran, Feb 13, IRNA – President Hassan Rouhani said Iranian banks were the main targets of sanctions imposed against the country in the past few years.
Oil Minister Bijan Zangeneh said that Iran’s oil industry’s upstream and downstream sectors require investments up to 200 billion dollars stressing that foreign resources should be attracted because domestic resources are not sufficient to provide for the investment.
Two commuter trains crashed head-on Tuesday morning in a remote area in southern Germany, killing at least nine people and injuring some 150, some of whom had to be cut out of the wreckage and transported across a river for medical care, police said.
The European Union’s Deputy Secretary General for the External Action Service Helga Maria Schmid said the bloc is ready to expand cooperation with Iran to contribute to peace and stability in the region.
The lifting of sanctions on Iran last month has resulted in a surge of bookings, tour operators say, many from Americans undeterred by a State Department warning laying out the risks of taking trips there.