The government could see a decline of 400 trillion rials ($2.46 billion) in tax revenues as a result of the new coronavirus disease, COVID-19, if the economic effects of the pandemic on businesses go away within the next couple of months, Omid Ali Parsa, director of Iranian National Tax Administration …
Read More »EU Lambasts US Opposition of Iran’s Loan Request from IMF in Battling COVID-19
EU Foreign Policy Chied Josept Borrell expressed his deep regret over the US opposition of Iran’s loan request from the International Monetary Fund (IMF) in the fight against the novel coronavirus, COVID-19.
Read More »Launching Noor-1 Satellite, a Golden Page in Iran’s Space Technology
Iranian President’s Chief of Staff Mahmoud Vaezi said that launch of Iran’s first military satellite Noor’1 by the Islamic Revolutionary Guards Corps (IRGC) is a golden page in country’s space technology.
Read More »Iran’s Economy not Oil-Reliant in Past Two Years
Iranian President's Chief of Staff Mahmoud Vaezi reacted to the recent developments in the global market, saying Tehran has managed to manage its economy in the past two years without reliance on crude sales.
Read More »Araghchi Calls on Intl. Community to Deal with US Illegal Sanctions on Iran
In a phone conversation with Secretary-General of Norway Foreign Ministry Tore Hattrem, Iran’s Deputy Foreign Minister Abbas Araghchi called on the international community to deal with the US illegal and inhumane sanctions against the Iranian people.
Read More »Shamkhani Lauds IRGC’s Success in Launching 1st Military Satellite of Iran
The Secretary of Iran’s Supreme National Security Council (SNSC) Rear Admiral Ali Shamkhani, in a tweet, praised and congratulated IRGC for the successful launching of the first military satellite of Iran.
Read More »Iraq Seen Struggling to Invest $10 bil to Wean Itself off Iranian Gas and Electricity Imports
With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to stop these imports at a time when US patience with OPEC’s second-largest oil producer is …
Read More »Historic Fall in US Oil Prices Amid Virus Outbreak
When the capital city of Tehran partially emerged out of the shutdown on Saturday, we witnessed some traffic on the roads for the first time after almost a month, since the beginning of Nowruz holidays.
Read More »OPEC cannot Address Oil Market Crash Alone
Resolving crude oil issues need global support, and producers must work together in order to survive, especially producers who produce more expensive crude.
Read More »Iran, Nakhichevan Energy Cooperation Reviewed
Iran’s Consul General in Nakhichevan Seyyed Ahmad Hosseini and Head of Nakhchivan Oil and Gas Supply Institute Behrouz Azimov on Wednesday discussed cooperation between the country and the autonomous republic in the energy sector. During the meeting, Azimov referred to the recent fluctuations in the energy market and described as …
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