Tag Archives: Iran

The usury-free banking law was initially planned and ratified by the Parliament in 1983 and was to be reviewed after fives years from its ratification.

Iran’s neighboring countries import $1.000 billion worth of products annually. so Iran has high capacity to export $100 billion worth of products to neighboring states.

Since Europeans have not taken any specific measure to fulfill their obligations to Iran nuclear deal. Iran will take its fifth step in scaling down its commitments to the deal.

Energy Minister Reza Ardakanian said that the Iranian government has added about 13.000 megawatts of electricity to the country'.s grid over the past five years. showing a 25 percent increase year-on-year.

Unlike the others who fuel insecurity and belligerence. Iran and Russia seek stability and security in the region and the world.

The Azerbaijan-Russia-Iran electricity corridor has vast potentials for energy cooperation among the three neighbors.

The ISA has commenced direct talks with an ‘advanced country’ to send scientist astronauts to space.

Iran continues to export oil. especially to China.

The National Iranian Copper Industry Company (NICICO) announced that it has registered a higher demand than current supply and output levels in the country.

Petrochemical companies were the vanguard of supplying the country'.s needed foreign currency.