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With the exception of Hungary, energy ministers from the 27 European Union member states have backed a 15 percent reduction in gas usage this week amid fears of supply cuts from Russia.
The reduction has been labeled as voluntary but is said to be compulsory if there is a complete supply cut of Russian gas in what is looking like a tough winter
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Read more: Russia sanctions backfire on Western public
Write comment (93 Comments)TEHRAN – China, Russia and Iran are clearly in one bloc opposing the U.S. hegemony and Washington is seriously unhappy with this coalition, a research associate at the Institute of Strategic Studies Islamabad (ISSI) says.
“China, Russia, and Iran are clearly in one bloc opposing the U.S. hegemony,” Dost Muhammad Barrech tells the Tehran Times.
Barr
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Read more: China, Russia and Iran collectively oppose U.S. hegemony: researcher
Write comment (97 Comments)TEHRAN – Iran-Oman Joint Chamber of Commerce has signed a trilateral memorandum of understanding (MOU) with Trade Promotion Organization (TPO) and Iran's Small Industries and Industrial Parks Organization (ISIPO) to facilitate the export of non-oil goods to Oman and to increase the volume of trade between the two countries.
The MOU was signed on
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Read more: Iran-Oman chamber of commerce inks trilateral co-op MOU with TPO, ISIPO
Write comment (93 Comments)TEHRAN – Senior stock market analyst, Ashkan Zoudfekr, believes government must support the stock market against other parallel competitors like money and property markets, the Securities and Exchange News Agency (SENA) reported on Sunday.
“Considering the fact that the capital market provides liquidity and dynamism to the economy, and is a useful a
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Read more: Govt. should support stock market against parallel markets: expert
Write comment (94 Comments)TEHRAN - Ministry of Industry, Mining and Trade has approved 52 foreign investment projects valued at about $131.5 million in the first four months of the current Iranian calendar year (March 21- July 22), IRNA reported.
According to the latest data released by the ministry, Of the total number of investment projects in the current year’s f
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Read more: Over $131m of foreign investment approved in industrial, mining, trade sectors
Write comment (90 Comments)TEHRAN – Josep Borrell, the European Union high representative for foreign affairs and security policy, has said Iran has “significant reservations” over a full implementation of the 2015 nuclear deal – JCPOA – given the “negative experience” that followed Donald Trump’s unilateral withdrawal from the hard-won agreement.
“The Iranian economy has s
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Read more: Borrell: Iran has significant reservations regarding full implementation of JCPOA
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