Saturday, January 28, 2023

Economy

Italian Companies Eyeing Investment in Iran

We did not expect to see the Iranian people and companies in such welfare and comfort: rather we thought that the sanctions have paralyzed the life and economy of Iran, said Silvano Pascuno.

Nobakht: Iran to face no budget deficit even if oil prices drop further

The government is going to spend more economically if its anticipated oil revenues for next year’s budget bill are not materialized.

Tokyo’s banking channels at Tehran’s disposal

Seyyed Abbas Araghchi, a deputy Iranian foreign minister, talks about Tehran-Tokyo ties in the wake of the Geneva interim deal.

2015, year of economic boom for Iran: IMF

The IMF has projected a 2.2% real GDP growth for the Islamic Republic of Iran in 2015.

Foreign direct investment in South Asia

Iran, the fifth country in the region in terms of foreign investment absorption, stands a good chance of attracting more capital from abroad.

Iran allots $15.2b to develop joint oilfields with Iraq

Iran has allocated USD 15.2 billon for the development of joint oilfields with neighboring Iraq as part of the Islamic Republic’s plans to increase its oil output.

12th joint commission with Belarus in March

Tehran is ready to promote cooperation with Minsk in areas such as standardization, bourse, exports of techno-engineering services and holding exhibitions and providing related services.

Iranian parliament Committee to study Iran-Pakistan gas project delay

An Iranian MP did not rule out the possibility of a contractual penalty delay on Pakistan after it failed to honor its obligations under a joint gas pipeline project with Iran.

Iran, Belarus set to boost economic ties amid West bans: VP

Tehran and Minsk enjoy growing relations in the political and economic sectors, but both sides must take more serious steps to further strengthen their economic ties, said Jahangiri.

Iran’s economy grows 4 percent in six months

A report released by the Central Bank shows that Iran’s economy posted 4 percent growth in the first half of the year [started March 2014].

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.

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