Top Iran News

Rice Threatens Sanctions On Iran

US Secretary of State Condoleezza Rice threatened Iran with more sanctions Thursday after it failed to give an adequate response to the latest bid by Western powers to induce it to freeze uranium enrichment. AFP - 07Aug 11:09GMT
Cooperatives Development Bank to be established by November

Iran's Cooperatives Minister Mohammad Abbasi stated here on Wednesday that the countdown for the establishment of the Cooperatives Development Bank has begun. Tehran Times - 07Aug 07:30GMT
FAO in Fisheries Cooperation in Iran

Fisheries Organization is currently studying a mechanism for taking advantage of Food and Agriculture Organization's (FAO) scientific and technical services in the form of joint projects in Iran. Iran Daily - 07Aug 06:18GMT
Iran Increases Production of Bi-Fuel Vehicles

Iranian companies have increased the production of bi-fuel vehicles as part of a plan to manufacture fewer gasoline-powered engines. Iran Daily - 07Aug 06:17GMT
Iran, Austria ink railway agreement

Iran and the Austrian company RAI inked an agreement on implementation of joint railway projects. IRNA - 07Aug 06:06GMT
Iran has addressed India's concerns on gas pipeline project: Rahim

The Islamic Republic of Iran had addressed concerns about the dlrs 7.4 billion Iran-Pakistan-India (IPI) gas pipeline project that India had raised in the form of a non-paper. IRNA - 07Aug 06:05GMT
3 Refineries In Iran Set for Privatization

Iran's Oil Ministry is ready to privatize Tabriz, Bandar Abbas and Lavan refineries and related documents will soon be delivered to Iran Privatization Organization. Iran Daily - 07Aug 05:46GMT
Iran invites Egypt Sunni university into Shiite heartland

Despite Egypt-Iran tensions, the Shiite-dominated Islamic republic has made an unprecedented request for Cairo's Al-Azhar University, Sunni Islam's highest seat of learning, to open a branch in Tehran. AFP - 07Aug 04:58GMT
Moscow Denies Sanctions Deal After Iran Snub

Russia yesterday denied having agreed with the US, UK and other countries to push for another round of economic sanctions against Iran at the United Nations. Financial Times - 07Aug 04:28GMT
Kuwait chides Iran over threat to shut Hormuz

Kuwait's foreign minister said on Wednesday that an Iranian threat to close the Strait of Hormuz, the crucial Gulf oil supply route, amounted to a "punishment" of its Arab neighbours. AFP - 06Aug 12:47GMT

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Blow to Ahmadi-Nejad
Iran's parliament dealt a blow to Mahmoud Ahmadi-Nejad, the president, by electing relatively moderate candidates to head the economy and interior ministries.

Financial Services
Private Banking Prospects
In less than seven years of their activities, private banks in Iran have managed to take control of a significant portion of the country's monetary market in their competition with state-run banks.

The UAE's Stance
The UAE - courtesy of Dubai's free ports - is now Iran's primary and perhaps only remaining conduit to the global economy and has emerged as a crucible for US-Iran-GCC relations.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Number of Employees
1	National Iranian Oil Company	Iran	125,000
2	Iran Power Generation Transmission and Distribution Management Company	Iran	51,000
3	Telecommunication Company of Iran	Iran	43,255
4	Bank Saderat Iran	Iran	36,400
5	Defense Industries Organization	Iran	35,000
» View Full List

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