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Oil revenue in the Islamic Republic may have fallen by nearly one third, or $35 billion, on the back of a slowdown in exports and declining prices. With U.S. sanctions set to tighten and China's apparent readiness to go along, Tehran's budget could be thrown deep into the red, says Una Galani
June 13, 2012 5:47
Iran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees.
June 12, 2012 5:43
Iran has discovered an additional 7 million tonnes of copper reserves, boosting its total by 50 percent, the semi-official Fars news agency said on Monday.
June 12, 2012 11:13
Sovereign insurance scheme to pay up to $7.6 bln; US exempts Japan from Iran sanctions; Bill usually takes 2 weeks to pass -official
June 12, 2012 11:00
UN nuclear watchdog, Iran fail to reach deal on probe; Eurozone agrees to lend Spain up to 100 billion euros
June 11, 2012 10:22
The comments - made in a letter from Ali Bagheri to his European counterpart - are the latest volley in an apparently escalating spat over preparations for the next round of meetings in Moscow on June 18-19.
June 11, 2012 10:21
UN nuclear agency says meeting outcome "disappointing"; Setback comes 10 days before Iran talks with big powers; Iran still hopes to reach deal but issue "complicated"
June 10, 2012 10:31
Iran is at the centre of a standoff over its disputed nuclear programme, which the West suspects is aimed at developing nuclear weapons. Iran says its aim is the peaceful production of electricity.
June 6, 2012 7:21
A senior Iranian official expressed hope on Wednesday that his country and the U.N. nuclear watchdog would soon be able to seal a framework agreement to resume a stalled investigation into Tehran's disputed atomic activities.
June 6, 2012 7:18
Eugene Kaspersky, whose lab discovered the Flame virus that has attacked computers in Iran and elsewhere in the Middle East, said on Wednesday only a global effort could stop a new era of "cyber terrorism".
June 6, 2012 7:16
A senior U.S. official said on Tuesday that Iran was carrying out apparent clean-up efforts at a military site, Parchin, that the U.N. nuclear watchdog wants to visit as part of a probe into suspected atom bomb research in the Islamic state.
June 6, 2012 11:55
Japan is preparing to submit a bill to parliament as early as this week to enable its government to provide cover for tankers bringing in Iranian crude once a European Union ban on insurance takes effect on July 1, Japanese officials said on Tuesday.
June 5, 2012 5:24
Lower imports from Ankara will add pressure on Tehran which is struggling to sell oil as the West expands sanctions to persuade Iran to abandon its nuclear programme.
June 5, 2012 5:24
The U.N. nuclear watchdog chief said on Monday he still hoped for a framework agreement soon with Iran to resume a long-stalled investigation into suspected nuclear weapons research in the Islamic state.
June 4, 2012 5:48
International financial sanctions against Iran are hurting its trade with the United Arab Emirates, the UAE's economy minister Sultan bin Saeed al-Mansouri said on Monday.
June 4, 2012 5:38
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
