CBI governor predicts a breakthrough in banking system after JCPOA implementation

Governor of Central Bank of Iran (CBI) Valiollah Seif said on Monday that the Iranian banking system will experience a breakthrough after the implementation of the Joint Comprehensive Plan of Action (JCPOA) reached on July 14 between Tehran and the six world powers. Noting that Iran is now on the…

Schroeder: Prospects of Iran, Germany ties very promising

s between the Islamic Republic of Iran and Germany are very promising. Schroeder made the comments in a meeting with Iran’s Foreign Minister Mohammad Javad Zarif on Monday. The German dignitary expressed satisfaction over approaching to the final stages on implementing the nuclear Joint Comprehensive Plan of Action (JCPOA). German…

Iran on verge of new chapter in global energy: VP

Vice president and head of Atomic Energy Organization of Iran (AEOI) said Iran is opening a new chapter in international relations and in playing a decisive role in the future of world’s energy. In a message to the 12th International Kish Energy Exhibition (KISH ENEX 2016) here on Monday, Ali-Akbar…

KISH ENEX 2016 opens in run-up to sanctions removal

The 12th Kish Energy Exhibition (ENEX 2016) opened here on Monday as motherland Iran is gearing to embrace lifting of sanctions which will pave the way for participation of international firms in Iran’s energy sector. The four-day event participated by 195 domestic and foreign companies has put on display the…

Iran approves imports of Chevrolets

Iran said on Sunday that it has issued the authorization for imports of automobiles produced by the American carmaker giant Chevrolet. The announcement has been made by the Trade Promotion Organization of Iran which says two of the company’s models – Chevrolet Trax and Chevrolet Aveo – have received the…

Gas exports to Europe economical with lower oil price

Gas exports to Europe will become economical if the downward trend in oil prices continues, said the director for international affairs of the National Iranian Gas Company (NIGC). According to Shana News Agency, Azizollah Ramezani added, ‘Regional countries are Iran’s top gas export priorities. China and India are also potentially…

Pakistan dragging feet on Iran gas pipe

A senior Iranian official has said that Tehran will take action should Pakistan fail to meet its obligations with regard to the construction of a pipeline for receiving Iran’s natural gas. “Iran has taken plenty of measures with regard to gas exports to Pakistan and has already laid out a…

IDB allots €87m to dam construction project in Iran

Islamic Development Bank (IDB) will provide €87 million finance for the project of building Sarney dam near the city of Minab in Iran’s southern province of Hormozgan, according to Mohammad Honarbakhsh, the director of project. Honarbakhsh said the mentioned fund will also finance construction of a water transmission system and…

Iran to invest in oil refinery in Spain

Deputy Petroleum Minister and Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said on Saturday that Iran is to invest in construction of an oil refinery in Spain with the capacity of refining 200,000 barrels of oil per day. Kazemi told IRNA that the project…

VWP can impact Iran tourism

Iran Daily interviewed Naser Rezaei, a leading expert from Tourism Research Center affiliated to Iran’s Cultural Heritage, Handicrafts and Tourism Organization, to learn more about the impacts of the US law on the number of tourists visiting Iran. The law has changed the Visa Waiver Program (VWP), which normally allows…