Iran capable of manufacturing any medicine in two years

TEHRAN – Iranian pharmaceutical industry and scientists are capable of producing any kind of medicine over a two-year period, Mohammad Reza Shanehsaz, head of Food and Drug Administration, has said.

Special support for private sector required under current condition: industry min.

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said his ministry should support private sector in a special way during the current condition (sanctions), Shata reported.

Steel exports up 19% in 9 months on year

TEHRAN- Iran’s crude steel exports rose 19 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019) from the same period of time in the previous year, IRNA reported on Saturday.

Iran's Rouhani, EU's Michel confer on recent developments in region

TEHRAN- In a phone conversation on Thursday, Iranian President Hassan Rouhani and European Council President Charles Michel conferred on the recent developments in West Asia, including the U.S. assassination of Iranian Lieutenant General Qassem Soleimani and new sanctions on the Islamic Republic by Washington.

South Korea pursues resumption of humanitarian trade with Iran

TEHRAN – The South Korean foreign ministry has decided to continuously pursue the resumption of trade in humanitarian products with Iran through won-based accounts at Korean banks, IRNA news agency reported on Tuesday.

Health ministry pursuing to provide medicine for SMA patients

TEHRAN – The Ministry of Health is trying to provide medicines for patients with spinal muscular atrophy (SMA) and other rare diseases, IRIB news agency reported on Friday.

By Mahnaz Abdi

Italians persistently willing to preserve trade with Iran under sanctions

TEHRAN- Although the U.S. renewed sanctions against Iranian economy are preventing Iran’s European trade partners to do business with the Islamic Republic, Italian traders and businessmen seem strongly determined to preserve their trade ties with Iran.

Iran calls for multilateral cooperation to disable U.S. sanctions 

TEHRAN - The secretary of Iran’s Supreme National Security Council (SNSC) said on Monday that independent nations should embark on enhancing multilateral cooperation to foil the U.S. plots in imposing sanctions and fueling terrorism. 

By Faranak Bakhtiari

EB patients, the most oppressed victims of U.S. sanctions

TEHRAN – Although food and medicine are claimed to be exempted from U.S. sanctions, financial and banking sanctions have limited the life-saving medicine trade which harshly targeted the patients suffering from Epidermolysis Bullosa (EB), a rare genetic disease that causes painful blistering of the skin.

By Mahnaz Abdi

IRICA taking more steps to facilitate imports, combat sanctions

TEHRAN- Since the U.S. re-imposition of sanctions against Iran’s economy, Islamic Republic of Iran Customs Administration (IRICA) has been taking various measures to facilitate customs process both for exports and imports of the commodities to reduce the effect of sanctions.

FDI in Iran rises 20% in 7 months on year

TEHRAN- Foreign direct investment (FDI) in Iran has risen 20 percent during the first seven months of the current Iranian calendar year (March 21-October 22) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced on Monday.

Domestic production to save Iran $10b in 2 years

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said that relying on domestic production will save $10 billion for the country in the next two years, IRIB reported.

Leader urges domestic producers not to wait for sanctions to end

TEHRAN – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called on the country’s producers to solely rely on their own capabilities to boost the country’s economy and not to wait for U.S. sanctions to end.

By Mahnaz Abdi

Establishment of trade offices abroad on agenda

It has been proven that the U.S. cannot achieve its target of driving Iran’s oil exports to zero, but there is no doubt about Trump administration’s maximum pressure strategy toward Iranian economy.

Zarif: Subjecting construction workers to economic terrorism only manifests maximum failure of “maximum pressure”

TEHRAN – Following U.S. sanctions on Iran’s construction sector, Foreign Minister Mohammad Javad Zarif wrote on his Twitter account on Friday that such moves show the “maximum failure of maximum pressure”.

Sanctions to have no additional impacts on Iran's economy in 2020: IMF

TEHRAN - Director of the International Monetary Fund (IMF)'s Middle East and Central Asia Department said U.S. sanctions are not going to have any new major impacts on Iran’s economy in the upcoming year.

Efforts for halting Iranian oil industry’s development failed: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said the U.S. efforts for stopping development of the country’s oil industry has failed, Tasnim news agency reported.

*By Mohammad Ghaderi

Continuous duality by Washington

The U.S. Special Representative for Iran, Brian Hook, claimed in an interview with Alhurra recently that Iran should decide between its economy or talks with the United States. 

BY: Ebrahim Fallahi

U.S. allies in Asia paying the price for Iran sanctions

TEHRAN – As one of the world’s top oil producers, Iran for long has been among the major crude suppliers to Asia and due to its high quality reserves which are significantly low in sulfur, many Asian refineries are designed to solely process various grades of Iranian crude oil and gas condensate.

Iran to take all necessary measures to keep oil exports afloat: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right.

By Ebrahim Fallahi

A look into Iran’s PGPIC after sanctions hit the holding

As Iran’s largest petrochemical group which extends to 39 subsidiaries and foreign-based sales agents, Persian Gulf Petrochemical Industries Company (PGPIC) has been considered one of the most profitable entities in the country’s economic body.

Iran’s crude steel output up 6% in 8 months yr/yr: WSA

TEHRAN- Production of crude steel in Iran during the first eight months of 2019 has risen six percent from that of the same period of time in 2018, World Steel Association (WSA) has announced in its recent report.

India renews efforts to persuade U.S. into lifting Iranian oil sanctions

TEHRAN- Following the recent attacks on Saudi Aramco’s oil installations, which have led to disruptions in supplies from Saudi Arabia, Indian authorities have renewed their efforts to persuade the United States to lift sanctions on imports of oil from Iran, Press TV reported.

BY: Ebrahim Fallahi

Attack on Saudi oil facilities: consequences and solutions

TEHRAN – As expected, oil markets started Monday trading with an unprecedented jump in prices following the attacks on Saudi Arabia’s oil facilities which wiped nearly five percent of the global oil supply from the market.

'Oman, a good place for re-export of Iranian products'

TEHRAN- Oman is a good place for re-export of Iranian products especially during the sanction time, portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported quoting the head of Iran-Oman Joint Chamber of Commerce as saying.

OPEC+ considers possibility of U.S. easing Iran sanctions

TEHRAN – Organization of the Petroleum Exporting Countries and its allies (known as OPEX+), In its latest committee meeting on Thursday, discussed reports that the United States might ease sanctions imposed on Iran’s oil sale and what impact they might have on future of the global supplies.

Escalating U.S.-China trade war, a blessing in disguise for Iran’s oil industry?!

TEHRAN – The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.

Oil output could easily be restored to pre-sanction levels: Zanganeh

TEHRAN - Iran’s Oil Minister Bijan Namdar Zanganeh has denied the idea of U.S. sanctions’ long-term impact on the country’s oil production and exports capacity, saying output could be back to normal very quickly once the sanctions are removed.

By Payman Yazdani

Indonesia interested in exchanging information, defense equipment with Iran 

TEHRAN– Indonesian Ambassador Octavino Alimudin in an exclusive interview with Mehr News Agency said Indonesia is interested in exchanging information and defense equipment with Iran to fight terrorism.

SNSC chief says Iran should never have signed the JCPOA

Shamkhani: U.S. sanctions intended to make Iran surrender not to negotiate

TEHRAN - Ali Shamkhani, the secretary of Iran’s Supreme National Security Council, has said that the U.S. sanctions pressure against Iran are not for negotiation but intended to make Tehran surrender.