Iran’s First Vice President Es'haq Jahangiri says the government will announce on Monday its new Forex policy in the face of the looming US sanctions.
Iranian Government Spokesman Mohammad Baqer Nobakht announced that the country's officials are holding talks with their counterparts from different states to find ways to bypass the US sanctions after its withdrawal from the 2015 nuclear deal.
Iran has unveiled a plan to switch from the US dollar to Euro as its official reporting foreign currency in an effort which could be meant to reign in the rate of the greenback that hit multiple records against the Rial earlier this week.
A senior Iranian commander has reiterated the combat readiness of the country’s armed forces, saying the Islamic Republic pursues a defensive deterrent policy in the Persian Gulf and the Sea of Oman.
Gachsaran Oil and Gas Production Company (GOGPC) has reached 101% of its planned productivity in the second half of the current Iranian calendar year which began on March 21, 2017, the company's managing director says.
Iran's top banker says the country’s economic growth was robust in the fiscal year which is coming to a close soon but further improvement will depend on the non-oil performance of the economy.
Iran has brought online its third steel plant which uses domestic technology for production of direct reduced iron (DRI) or sponge iron.
Iran exported more than 160 tons of saffron to several countries in the first 9 months of the current Iranian year (March 21, 2017 - December 21, 2017).
Iran's Oil Minister Bijan Zanganeh says the country will start gas production from 5 phases of the supergiant South Pars Gas Field during the next calendar year starting on March 21.
The export of wheat from Iran increased by 758 percent in value compared to the last year while its import is banned, showing the country's self-sufficiency in this strategic product.