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Zarif discusses revival of Iran, Italy economic ties in Rome

Iranian Foreign Minister Mohammad Javad Zarif said on Monday that given the Vienna negotiations, it is necessary to rebuild facilities to revive economic ties with Italy.

Macro Economy

Iran ditches Indian consortium, awards giant gas field contract to local company

Iran has finally decided the fate of Farzad B, an untapped gas reserve in the Persian Gulf which is shared with Saudi Arabia, as a domestic company takes on to develop the gas field after original contractors from India failed to kick off the job.

Energy

Crypto market regulations discussed at ICCIMA meeting

Members of the Macroeconomics Commission at the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has stressed on the need for passing necessary regulations related to the exchange of cryptocurrencies in the country.

Commissions

Iran reports 10,145 new coronavirus cases, 2,732,152 in total

Iran reported on Friday 10,145 new COVID-19 cases, raising the country’s total infections to 2,732,152.

Society Economy

Iran, Armenia trade could reach $1b: Businessman

Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian said that once free trade zones are established at joint borders, the volume of mutual trade will reach over $1b.

Joint Chambers

Iran secures order against US attempt on Luxembourg funds

The Central Bank of Iran (CBI) has managed to win a court order in Luxembourg to prevent the transfer of nearly $1.7 billion worth of assets from the European country to the United States.

Macro Economy

Iran crude output up by 13.4% in April: OPEC

Iran increased its crude output by 13.4% in April compared to March, shows figures by the Organization of Petroleum Exporting countries (OPEC), as the country moves ahead with plans to offset losses suffered to production during more than three years of American sanctions targeting its oil sales.

Energy