US Public Debt Predicted to Reach 116% of GDP: Report

US Public Debt Predicted to Reach 116% of GDP: Report

US debt held by the public is expected to hit an all-time high within the next ten years, the Congressional Budget Office (CBO) warned in its latest Budget and Economic Outlook released on Wednesday.

US Allies Focusing on Reducing Dollar Reliance: BRICS

US Allies Focusing on Reducing Dollar Reliance: BRICS

BRICS and a handful of developing countries are reducing the US dollar intake in their respective Central Banks’ reserves.

National Development Fund allocates €1 bn to Makran Coast

National Development Fund allocates €1 bn to Makran Coast

Iran is drawing on the resources of the National Development Fund for development of Makran Coast and completion of the National Housing Movement Plan.

Iran Navy seizes US oil tanker in Sea of Oman

Iran Navy seizes US oil tanker in Sea of Oman

An American oil tanker was seized by the Navy of the Islamic Republic of Iran in the Sea of Oman on Thursday morning.

EU sanctions world's largest diamond mining company

EU sanctions world's largest diamond mining company

The EU on Wednesday blacklisted Alrosa, the largest diamond mining company in the world, and its CEO, Alekseevich Marinychev, over Russia's military attack on Ukraine.

Iran, Iraq have potential to boost annual trade to $20 bln

Iran, Iraq have potential to boost annual trade to $20 bln

An official at the Trade Promotion Organization of Iran (TPOI) said Iran and Iraq have the potential and capacities to enhance mutual trade to $20 billion.

Iran enjoys unique position in China’s New Silk Road project
VP Mokhber:

Iran enjoys unique position in China’s New Silk Road project

Iran’s Vice President Mohammad Mokhber says the country has a “unique” position in China’s giant New Silk Road project, also known as the Belt and Road Initiative.

SHTA Is Much Ado About Nothing

SHTA Is Much Ado About Nothing

EghtsadOnline: The Swiss government's payment channel for humanitarian goods to Iran, known as Swiss Humanitarian Trade Arrangement (SHTA), is plagued by delays, raising concerns about the viability of the move.

UN Chief Urges All-Out Push to Uphold JCPOA

UN Chief Urges All-Out Push to Uphold JCPOA

EghtesadOnline: Amid the unrelenting US drive targeting the 2015 nuclear agreement between Iran and world powers, the United Nations secretary-general called for the exhaustion of all possible means to prevent the “destruction” of the historic accord.

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