Energy Economy

Five waivers were still extended and are set to stay in place at least for another 90 days.

High-ranking Iranian and Australian officials in a meeting in Tehran on Tuesday conferred on ways to further develop banking ties and cooperation between the two countries despite the US sanctions.

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht stressed failure of enemies in leaving a major impact on Iran'.s economy by imposing the toughest-ever sanctions.

Iran has said it will reduce its commitment to the nuclear accord in stages and may even withdrew from the pact.

It is part of the Bank’s plans to contribute towards meeting the goals of the Paris climate agreement.

The loan will be used to help homes and businesses finance energy efficiency and renewables projects.

China'.s crude oil imports from Iran sank almost 60% in June from a year earlier.

Secretary of the Expediency Council (EC) Mohsen Rezaei during the visit of the Chinese ruling party’s Minister of Foreign Affairs emphasized on the historical record of the relations between the two civilizations of Iran and China.

Iran will undertake a new measure to contain foreign-backed shocks against its economy with operationalizing the long-anticipated initiative of Integrated Currency Market by mid-August.

Austrian Ambassador to Iran Stefan Scholz underlined the necessity for protecting the nuclear deal. saying that Tehran should be able to benefit from its economic advantages.