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Resistance Economy
Official: Iran Discovers Huge Shale Oil Reserves

Official: Iran Discovers Huge Shale Oil Reserves

Experts at the National Iranian Oil Company (NIOC) have discovered major reserves of shale oil in the Western parts of country, a senior energy official announced.
Serbia Eyeing to Share Iran's Mining, Energy Expertise

Serbia Eyeing to Share Iran's Mining, Energy Expertise

Serbian Energy and Mining Minister Aleksandar Antić in a meeting with Iranian Ambassador to Serbia Hossein Molla Abdollahi in Belgrade on Saturday voiced his country's willingness to benefit from Iran's technical experiences.
Oman Calls for Boosting Trade Ties with Iran

Oman Calls for Boosting Trade Ties with Iran

Omani Foreign Minister Yusuf bin Alawi bin Abdullah in a meeting with his Iranian counterpart Mohammad Javad Zarif in Munich on Saturday called for boosting mutual cooperation with Iran, specially in trade and economic fields.
Iran, Cuba Fortify Ties with 12 Cooperation Agreements

Iran, Cuba Fortify Ties with 12 Cooperation Agreements

Iran and Cuba signed 12 new cooperation agreements Thursday fortifying ties at a time when U.S. President Donald Trump’s comments on Tehran and Havana have upset the two countries.
Iran to Create Fully-Owned Bank in Azerbaijan

Iran to Create Fully-Owned Bank in Azerbaijan

Iran’s top banker says the country plans to establish a bank in Azerbaijan with 100 percent Iranian ownership.
Iran's carpet exports to U.S. go from zero to millions

Iran's carpet exports to U.S. go from zero to millions

About $69 million worth of Iranian carpets were exported to the United States during the first 10 months of the current Iranian calendar year, ended on January 19, while the figure was zero in the entire preceding year, ISNA quoted Hamid Kargar, the head of Iran's National Carpet Center, on Wednesday.
Iran, Japan Ink Banking MoU

Iran, Japan Ink Banking MoU

The Central Bank of Iran signed a memorandum of understanding (MoU) with Japan’s Financial Services Agency (JFSA) in a bid to facilitate the interactions between the two countries’ accredited banks.
Official: Turkey Eyeing Investment in Iran’s Auto Industry

Official: Turkey Eyeing Investment in Iran’s Auto Industry

A senior official announced that his country is very interested in investment in Iran's auto industry.
S. Korean Envoy Sees Bright Future for Iran’s Auto Industry

S. Korean Envoy Sees Bright Future for Iran’s Auto Industry

South Korea’s ambassador to Tehran dismissed the notion that Iran is just a suitable market for selling cars and auto parts, predicting a bright future for the Iranian automobile industry’s presence in global markets.
Crude steel exports up 45% in 10 months

Crude steel exports up 45% in 10 months

Iran’s major steel producers exported 4.4 million tons of crude steel during the first ten months of the current Iranian calendar year (March 20, 2016-January 19, 2017), registering a 45 percent rise compared to the same period in the previous year.
Serbia Calls for Broadening of Trade Ties with Iran

Serbia Calls for Broadening of Trade Ties with Iran

Chairman of the Serbian Chamber of Commerce and Industry Marko Čadež in a meeting with Iranian Ambassador to Belgrade on Saturday underlined that his country is willing to broaden trade and economic relations with Iran.
Iran sees oil refining megadeals with Japan, China soon

Iran sees oil refining megadeals with Japan, China soon

Iran expects to sign its biggest oil refining contracts worth $8.6 billion with a number of Japanese, Chinese and Korean companies this month or later, a minister said on Wednesday.
Iran in Talks with European Firms on Petchem Projects: Official

Iran in Talks with European Firms on Petchem Projects: Official

Iran is negotiating with major European enterprises from France, Germany and Britain on cooperation in petrochemical projects, an official announced, saying the talks have not still led to any agreement.
Iran’s exports to Italy nearly double in 7 months

Iran’s exports to Italy nearly double in 7 months

According to the recent report of Italy’s National Institute for Statistics (Istat), Iran’s exports to the European country in the first seven months of 2016 increased 95 percent compared to the same time in the previous year, IRNA reported.
Iran to ditch dollar as anger builds over Trump ban

Iran to ditch dollar as anger builds over Trump ban

Iran says it is preparing to stop using the dollar in its official statements – a move that had been in the offing but appears to have been expedited after Washington included the country in a list of seven nations that are banned from entering the United States.