By: Ebrahim Fallahi

Why Majlis rejected the budget bill?

TEHRAN - The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, stating that the bill is not compatible with the country’s current economic conditions.

By Ebrahim Fallahi

S. Korean companies leave Iran: Such a pity! But for them

TEHRAN – South Korea’s LG Electronics and Samsung have ended their presence in the Iranian market over the past few months, abiding by the U.S. pressures for cutting ties with one of their biggest markets.

By Ebrahim Fallahi

An oil-free economy: from words to deeds

TEHRAN – As one of the world’s oil-rich countries, Iran, for long, has been deeply relied on oil revenues for its economy and even all the governments which have come and gone since the Islamic Revolution in 1979, have based their economic policies upon oil while other areas remained deprived of the attention.

By: Ebrahim Fallahi

Iran gas situation: Are power plants facing feedstock shortage?

TEHRAN – Following the new wave of cold weather blanketing Iran in recent weeks, natural gas consumption by the Iranian households has hit new record highs, ringing warning bells about possible problems regarding fuel supply to the country’s power plants and industry sector which mainly consume natural gas.

BY: Ebrahim Fallahi

How U.S.-China trade deal is going to impact Iranian oil exports?

TEHRAN – Tomorrow, the U.S., and China are going to sign a trade deal, which is expected to ease the tensions between the two economic rivals and push the global economy out of recession and bring markets back to life.

World’s first curved glass suspension bridge inaugurated in Iran

TEHRAN – A suspension bridge made of curved sheets of glass, which is the first of its kind in the world, has officially been inaugurated in Ardebil province, northwest Iran, IRIB reported on Friday.

BY: Ebrahim Fallahi

Promoting CNG as the national fuel, challenges and merits

TEHRAN – Following the implementation of the gasoline rationing scheme, the government has been promoting the use of Compressed Natural Gas (CNG) as a replacement for gasoline, and has declared the mentioned fuel as the country’s national fuel.

BY: Ebrahim Fallahi

Iran revives gasoline rationing scheme, what to expect

TEHRAN – Four years after President Rouhani decided to put a stop on a fuel rationing plan which was the legacy of President Ahmadinejad’s government, once again on Friday, the government announced a decision on reviving the scheme and also a rise in gasoline prices.

Iran Plast 2019: a showcase for Iranian petchem power

TEHRAN – After four busy days, the 13th edition of Iran’s International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) was finally wrapped up on Wednesday.

By Ebrahim Fallahi

Iran's petrochemical industry unsanctionable: NPC head

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said petrochemical industry is not like oil industry and it is practically unsanctionable.

By Ebrahim Fallahi

Worries over global economy outweighs geopolitical factors in setting oil prices

TEHRAN – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.

By: Ebrahim Fallahi

Optimism growing among oil traders on signs of a tightening market

In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.

By Ebrahim Fallahi

One belt-one road, a path to economic resilience

The history of Iran and China’s economic and cultural relations goes back to the ancient times, when positioned at the heart of the Silk Road, Iran linked the Asian country to the nations in Europe. Now, centuries later, the two countries have still maintained those strong ties and the economic relations between the two sides are seemingly on a new path to growth.

By Ebrahim Fallahi

Iran, India stress enhancement of economic relations

TEHRAN - Senior officials, entrepreneurs and representatives of private sectors from Iran and India gathered together in a business forum at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Wednesday to discuss ways of expanding trade ties.

By: Ebrahim Fallahi

Iran’s agricultural sector: 40 years of flourishing

TEHRAN – In the past forty years, since the Islamic Revolution, Iran has witnessed a remarkable improvement in various sectors and the agriculture industry has been one of the areas in which the country has undergone huge development.

By: Ebrahim Fallahi

Offering oil at IRENEX, challenges and merits

Since the U.S.’s withdrew from Iran’s nuclear pact in May 2018, vowing to drive Iran's oil exports down to zero, the Islamic Republic has been taking various measures to counter U.S. actions and to keep its oil exports levels as high as possible.

By: Ebrahim Fallahi

Tehran hosts specialized panel on energy Fintech

TEHRAN – Iran Water and Power Resources Development Company (IWPCO) in collaboration with Research Institute for Energy Management and Planning (RIEMP) as well as Farab Construction Engineering Company hosted a specialized panel meeting on Tuesday to discuss energy Financial Technology (Fintech) in Iran and specifically Energy Credit Obligation (ECO).

By: Ebrahim Fallahi

Energy Fintech in Iran: An expert view

Tehran Times once more welcomed Chris Cook, a senior research fellow at the Institute for Strategy, Resilience and Security Studies at University College London and a leading global expert in energy markets and financial technology, and Mahmood Khaghani, one of Iran's experienced and informed energy experts, to discuss the challenges and opportunities facing Iran as the 40th anniversary of the Islamic Revolution approaches.

By: Ebrahim Fallahi

Iran not merely rely on SPV to expand trade: TPO head

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) said Iran will not solely rely on Iran-Europe trade mechanism, known as special purpose vehicle (SPV), for developing foreign trade and it will rather use its own capacities and capabilities in doing so.

By: Ebrahim Fallahi

Will Iran’s oil revenues satisfy next year’s budget expectations?

Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70 percent of the Iranian government’s total income comes from selling oil and oil products.

By: Ebrahim Fallahi

Iran’s oil market facing the new sanctions era; what to expect

After an expected hiatus in Iran’s oil exports to some of the country’s main customers following the reimposition of the U.S. sanctions, once again the country’s old buyers are coming back to take advantage of the 180-day window which has been presented by the waivers granted in November.

By: Ebrahim Fallahi

Chabahar port, Iran’s wining card in trade with South Asia, CIS

CHABAHAR- In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran's only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically.

By: Ebrahim Fallahi

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

By: Ebrahim Fallahi

13th ICA Regional Summit official opening ceremony held in Tehran

TEHRAN–The official opening ceremony of the 13th ICA-Asia and Pacific Regional Cooperative Conference was held at IRIB Conference Center on Wednesday.

By Ebrahim Fallahi

The impact of U.S. sanctions on Iranian oil industry, market in focus

Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry especially on the country’s oil exports.

By: Ebrahim Fallahi

Iran, Poland take strides towards better economic cooperation

TEHRAN – As two countries with huge potential for economic growth, Iran and Poland are taking new measures for developing non-oil economic cooperation with small and medium enterprises (SMEs) on focus.

By: Ebrahim Fallahi

Private sector from Iran, Syria light the flame

Economic co-op MOU signed between Tehran, Damascus

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and the Federation of Syrian Chambers of Commerce inked a memorandum of understanding (MOU) on Saturday addressing issues regarding long-term cooperation.

By Ebrahim Fallahi

OPEC defies Trump’s call for more oil, now what ?

The 10th gathering of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC members on Sunday ended, as Iran insisted, without any direct decision on additional supply boost.

By Ebrahim Fallahi

Petrochemical industry, a pillar for Iran’s resilient economy

Inaugurating three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.

By Ebrahim Fallahi

Caspian Sea legal regime: what it means for Iran’s oil and gas

After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.