Monday, September 26, 2022

Economy

Saudi comments add to market volatility

A slump in prices is temporary and it will be “difficult, if not impossible” for OPEC to curb its oil production amid a glut, said Ali Al-Naimi, Saudi Arabia’s oil minister.

Iran to resume petchem exports to Europe

A consignment of linear low density polyethylene (LLDPE), measuring 2,000 tons with a total value of over $2 million, will be shipped to Belgium next week.

We need to attract foreign investment: Iranian deputy trade min.

Under a 5-phase joint venture between Iran and Kuwait a steel mill is to be set up in the Persian Gulf Special Mineral Industry Zone in southern Iran.

Iran, S. Africa eye $2 billion trade; a dream that can come true

It is not hard for Iran and South Africa to raise their non-oil trade to $2 billion if their business sectors earnestly get down to business.

Dependence of government’s public funds on oil should end: MP

Elias Naderan, a principlist MP, says government coffers rely on revenues generated by the government’s monopoly over oil industry and other natural resources.

Business as usual after 20 years; A German delegation is in Iran

A German trade delegation is in Tehran to talk business with Iranian officials and size up investment opportunities in the country.

Elecomp 2014 opens in Tehran

A four-day International Exhibition of Electronics, Computer and E-Commerce opens in Tehran.

Central Bank chief expounds on new banking corruption case

The corruption occurred between 2006 and 2012. However, officials learned about it in 2013.

Iran to release Persian Carpet Encyclopedia

The focus of Persian Carpet Encyclopedia is on designs, patterns and aesthetics, technical knowledge, management, economics and trade, history, geography and the styles of carpets.

Peugeot holding ‘intense’ talks to return to Iran

French car giant Peugeot eyes a comeback to Iran's lucrative market.

OPEC; the known unknowns

Shargh studies how the Iranian economy can effectively respond to an OPEC decision not to cut the production quotas of its members.

Economy should not be tied to the outcome of talks: Senior businessman

Asadollah Asgar-Oladi, a business magnate, says the Iranian economy has learned how to skirt the sanctions and its future should not be tied to the success of nuclear talks.

Non-OPEC members must participate in oil output cut

Oil Minister Bijan Namdar Zanganeh says it is not only up to OPEC to deal with growing market oversupplies, adding non-OPEC producers should to cooperate to limit oil production.

Bad luck often brings good luck

It’s a strategic miscalculation to assume that the lifting of sanctions will settle all of Iran's economic woes.

Iran’s non-oil exports rise 28 percent

Iran's non-oil exports in the first seven months of the year have brought in over $27 billion in revenues.

Iran’s economy is in for a big shock: Economist

An Iranian economist says a recent drop in oil prices will probably take a toll on Iran’s economy, complicating government efforts to draft a spending package.

Reciprocal Trade Visits between Iran, US on Agenda: Official

Trade offices will reopen in Iran and the US in the future.

Iran’s Sarakhs Trade Zone Welcomes Foreign Investment

Sarakhs Zone is ready to accept and cooperate with foreign investors who are willing to take part in the Zone's trade, economic and industrial activities.

The heavens of Iran to become the heaven of flights amid hellacious conflicts

Foreign Airlines are willing to make a comeback to Iran’s sky which offers solace to airlines flying away from war-torn areas.

Iranian and Dutch businessmen meet to promote trade ties

Iranian and Dutch businessmen held talks at the Netherlands Council for Trade Promotion to bolster trade ties between the two nations.

Iran, Russia Plan to Use National Currencies in Bilateral Trade

Ruble and rial are going to replace the US dollar in bilateral transactions between Iran and Moscow.

India to go ahead with investment in Iran’s Chabahar Port

A new chapter in Iran-India trade relations; hurdles were cleared after Narendra Modi took office.

Iran ready for joint investment in Qatar

Visiting Qatari Minister of Economy and Commerce Sheikh Ahmad bin Jassim bin Mohammad al-Thani meets with Iranian officials, discussing bilateral ties and joint investment.

EBEX 2014, invest show opens in Kish

The first Kish International Exchange, Bank, Insurance, Capital Market and Privatization Exhibition (EBEX 2014) and the 6th Exhibition on Investment Opportunities in Iran Opened in Kish Island.

Canadian, Australian companies ready for gas cooperation

Companies from Canada and Australia have expressed readiness to put their money into Iran’s gas projects, the National Iranian Gas Company says.

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