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Tehran (ISNA) – Iranian rial plumbed new lows against the Dollar in the recent days. For discussing the reasons for this performance and the ways to stabilize the currency market we’d asked professor Hanke for a commentary. Steve Hanke is a Professor of Applied Economics at the Johns Hopkins University in Baltimore (USA). He is […]
TEHRAN, Jul. 11 (MNA) – The National Iranian Oil Company (NIOC) has signed a contract with Persia Oil and Gas Industry Development Company (POGIDC) for the development of Yaran joint oilfield, near the Iraqi border. The document was signed on Saturday morning in a ceremony held in Tehran in the presence of Iranian Oil Minister […]
TEHRAN, Jul. 11 (MNA) – Spokesman of the Islamic Republic of Iran Customs Administration (IRICA) said Iran has established trade and business ties with all neighboring countries except two countries amid the coronavirus global pandemic. Speaking in an interview with IRNA on Sat., Seyyed Rouhollah Latifi reiterated that the country has established trade ties with […]
TEHRAN, Jul. 10 (MNA) – The strategic port of Chabahar in southeastern Iran has a special place in the country’s “looking to the East” strategy and can link India to Central Asia, the Caucasus, and the Persian Gulf littoral states. Chabahar Port as Iran’s only ocean port on the Makran coast is not only important […]
TEHRAN (Tasnim) – Iranian Energy Minister Reza Ardakanian said feasibility studies have been launched to supply 17 provinces across the country with desalinated water from the sea. In remarks on Tuesday, Ardakanian said his ministry has devised serious plans to carry out seawater desalination projects in 17 provinces. He noted that feasibility studies have begun […]
EghtesadOnline: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States. Brent crude rose 18 cents, or 0.4%, to $42.98 a barrel after a […]
EghtesadOnline: Selected foreign exchange bureaus affiliated to the Central Bank of Iran pushed up dollar rates above the historic 200,000 rials on Saturday. This came after price gaps between the CBI moneychangers and the open market reached unprecedented levels, encouraging currency dealers and speculators to line up for cheaper currency. The so-called bank-based moneychangers increased […]
EghtesadOnline: In the first quarter of the current Iranian year (started March 20), a total of 211 inactive industrial units across Iran resumed operations with the help of Iran Small Industries and Industrial Parks Organization, affiliated to the Ministry of Industries, Mining and Trade. In a recent meeting with officials from the organization, Hossein Modarres […]
TEHRAN, Jul. 05 (MNA) – Underling the ability of the CBI in controlling forex rates and in the fight against enemies’ psychological warfare, the Iranian President assured on Sunday that the country’s economy will not collapse. In his remarks during the government economic committee meeting, Rouhani named the recent fluctuations in foreign currency rates, gold coin prices, […]
EghtesadOnline: Deputy Minister of Roads and Urban Development Shahram Adamnejad said 35,000 billion rials ($175 million) worth of loans will be allocated to the coronavirus-hit transportation sector (air, rail, sea and road) over the next few months. “These loans will have an interest rate of 12%. Loans worth 60 million rials ($300) will be extended […]