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TEHRAN, Nov. 25 (MNA) – The Deputy Ministry of Agriculture Hossein Shirzad pointed to the unprecedented growth in production of agricultural produce in recent years and called for expanding economic diplomacy of agricultural sector especially in joint regional markets. He made the remarks on Mon. in his meeting with the director general of the Ministry […]
TEHRAN, Nov. 25 (MNA) – Traffic Police Chief General Kamal Hadianfar informed on Monday that following the implementation of rationing gasoline, domestic gasoline consumption has increased. “Consumption in the past two days has increased from 94 million liters to 105 million liters,” the Iranian General said. This is while, according to the reports, consumption of compressed […]
EghtesadOnline: Iran’s non-oil foreign trade (except for crude oil, mazut, kerosene and exports via suitcase) during the first seven months of the current Iranian year (March 21-Oct. 22) stood at $49.57 billion, indicating an 8.37% decline compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration reported. Overall, Iran’s exports stood at […]
EghtesadOnline: Data from the Central Bank of Iran shows lenders are working to cut extra and unwanted branches over the past two quarters. Banks and credit institutions shuttered 438 branches since the beginning of the current fiscal year (March 20) up until the seventh calendar month on October 22. The number of bank branches was […]
Zanganeh: TEHRAN, Nov. 11 (MNA) – Iranian Oil Bijan Namdar Zanganeh said the newly-discovered oilfield in Khuzesan, named Namavaran, has an estimated 53 billion barrels of in-place oil. Addressing reporters on Monday, the minister said the new discovery had added 22 billion barrels of crude oil to previous estimates of the field, which stood at […]
TEHRAN, Nov. 10 (MNA) – Iran has signed a short-term MOU with Russia and Kyrgyzstan for imports of wheat, Iranian Deputy Agriculture minister announced on Sunday. “The MOU has been penned for transient imports, transit, and swap of wheat,” Ali Akbar Mehrfard said. “Wheat swap is expected to be done but the details have not been clarified […]
TEHRAN, Nov. 04 (MNA) – Governor of Central bank of Iran says the national Iranian currency, rial, has regained its value by 21 percent against the US dollar over the past year. In an Instagram post, Abdolnasser Hemmati noted that “today, on Aban 13, 1398 (Nov. 4, 2019), one year has passed since the beginning of US […]
TEHRAN, Nov. 03 (MNA) – Deputy Ministry of Industry for Planning Affairs Saeed Zarandi said that 26 mineral and industrial products registered significant growth in the first six months of the current year (March 21 – Sept. 22). He said that production of important mineral and industrial products is improving in the country. He made […]
EghtesadOnline: Oil has always been a function of the international market, so setting up local energy markets cannot help the National Iranian Oil Company sell crude on a long-term basis, a veteran financial expert said. “The Energy Bourse should have been established 20 years ago to deliver now. Financial instruments like the Iran Energy Exchange […]
TEHRAN (Tasnim) – Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the stability in the country’s foreign exchange market and the recovery of the Iranian currency rial against the US dollar in recent months despite US pressures and sanctions. In a post on social media on Tuesday, Hemmati said despite the US […]