Friday, June 21, 2024

Economy

Foreign gain with Iranian pain

Importers of Iranian products prefer to buy goods in bulk and have them packed to sell them to other countries to make huge profits leaving Iranian producers no share of the profits.

Nahavandian consults with Turkish envoy on preferential tariffs

Iran’s economy should be competitive to progress and in doing so private sectors of the two countries should feel balanced benefits.

Iranian oil exports to Asian states jump by nearly 20% in 2014

December oil imports into Asia rose 22.1 percent over last year to 1.21 million barrels per day, the highest since May.

Iran parliamentary committee cuts National Development Fund’s share of oil

The share of National Development Fund of Iran from oil revenues has decreased to 20 percent from a previous 26 percent.

State oil ownership is in contradiction with democracy

Farhad Nili, the director of the Monetary and Banking Research Institute, has said that an economy without oil can be envisioned for Iran.

Individual actions have no place in the world

The Chairman of the Expediency Council has said in a message to an International Brand Strategy Conference that Iran’s dignity is closely interwoven with the quality products it makes at home or sends abroad.

Sliding crude prices at the expense of alternative energies

Mohsen Renani, a university professor, says he does not buy arguments that Saudi Arabia has refused to reduce its output only to undermine Russia, Syria and Iran.

Iran, China ties strategic: Velayati

Iran is keen to boost ties with China and views its relations with Beijing as strategic, said Ali Akbar Velayati.

Tumbling oil prices have opened up an opportunity for Iran

Economy Minister Ali Tayyebnia has said that government is trying to turn the threat posed by falling oil prices into an opportunity for the country.

Iran to enforce preferential tariff with Kazakhstan, Eurasia

Underscoring Iran’s determination to expand ties with Kazakhstan, the head of the Trade Development Organization voiced Tehran readiness to clear any hurdle.

Iranians won’t forget China’s cooperation over the years

The secretary of the Expediency Council says that Iran and China can make joint investment in Iraq if China fully cooperates with Iran.

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.

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