Iran's economy has been facing many structural problems during the past decades, where the lack of appropriate policies has led to the accumulation of problems and various economic super-challenges.

Iran has a highly diverse economy which has demonstrated an ability to adapt to new realities fast.

Iranian companies have signed contracts worth $20 billion to boost gas pressure at the giant South Pars (SP) field in the Persian Gulf, in a plan which is expected to generate $900 billion in revenue.

Iran’s top human rights official blasts the countries that have slapped illegal sanctions on the nation.

An official says foreign investment attraction into Iran in the past two years has reached over $10.6bn.

The shipping fleet is playing a strategic role at a time of the most extensive sanctions ever imposed on a country targeting Iran.

“We are always firmly opposed to illegal unilateral sanctions imposed by the US,” the Chinese Foreign Ministry spokesperson said.