Neighboring Countries


Japan starts process of importing Iranian oil
/Jan 21/

YEREVAN – After China, South Korea, India and Turkey, Japan has also started the import of the Iranian oil, Governor of the Central Bank of Iran (CBI) Abdol Naser Hemmati said, IRNA reports.

“In addition to tens of billions of dollars of the CBI’s active resources with foreign banks, new oil revenues will gradually join the business cycle which is regarded as a strong and reliable support for our Iran’s trade”, he said.

He added that Iran’s non-oil exports will also increase thanks to the agreement signed between the Central Bank and the export companies.

“I assure our citizens that the state has sufficient amount of foreign exchanges in cash to meet the real demands of people”, he noted.

US President Donald Trump announced in May about withdrawing from the JCPOA, as well as resuming all sanctions against Iran.

Intel to invest 11 billion dollars on new chip plant in Israel
/Jan 29/ArmenPress.ama /

YEREVAN – Global semiconductor giant Intel will invest 11 billion dollars on a new chipmaking factory in Israel, according to the country’s finance minister.

“Intel’s global management has informed us about its decision to invest another 40 billion shekels in Israel, an unprecedented decision that is expected to bring thousands of jobs to the south (of Israel),” the country’s finance Israeli Finance Minister Moshe Kahlon said on Twitter.

Earlier in May of 2018, Intel had said it will invest 5 billion dollars to upgrade its existing plant in Kiryat Gat, a city in Israel’s south. The upgrade works were planned to be carried out between 2018 and 2020.

Santa Clara, California-based Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, according to Reuters.