Economy Archives
Paknejad reports record growth in oil production, exports despite sanctions
Iran’s Oil Minister Mohsen Paknejad announced a significant increase in daily oil production—by over 120,000 barrels per day—and said that crude oil exports have set records in recent months despite severe sanctions
Parliament approves plan to remove 4 zeros from national currency
Iran’s parliament on Sunday approved a bill to remove four zeros from the national currency, the rial, paving the way for a redenomination process in which the “rial” and “Qeran” will become the official currency units
PMO says snapback sanctions fail to disrupt port, shipping operations
The head of Iran’s Ports and Maritime Organization (PMO) said the activation of the “snapback” sanctions mechanism has not disrupted the country’s maritime operations, with ports continuing to operate at full capacity
Reducing food loss, waste ensures food-secure world
The International Day of Awareness on Food Loss and Waste Reduction is observed annually on September 29; it calls on everyone to reduce food loss and waste to ensure a food-secure world, where current and future populations have access to sufficient, nutritious food
Industry Ministry unveils plan to boost SME exports through consortia, global market integration
Iran’s Ministry of Industry, Mining and Trade has outlined new measures to support small and medium-sized enterprises (SMEs) in boosting their exports, according to the Small Industries and Industrial Parks Organization (ISIPO)
Iran, Spain boost anti-money laundering cooperation as Madrid prepares to host FATF meeting
Iran and Spain have agreed to strengthen cooperation in combating money laundering, with Madrid set to host the next meeting between Iran and the Financial Action Task Force (FATF)
Dairy exports jump 32% in Q1
Iran’s dairy exports rose sharply in the first quarter of the current Iranian year (March 21 –June 21), driven by the use of subsidized raw milk, even as domestic consumption of dairy products declined
Road transit through Iran reaches 6.5m tons in 5 months
More than 6.5 million tons of goods were transited through Iran’s road network in the first five months of the current Iranian year (March 21 – August 22), according to the Road Maintenance and Transportation Organization
Iran boosts monthly oil exports by 630,000 barrels: oil minister
Iran’s oil exports rose by an average of 630,000 barrels a month in the first four months of the current Iranian year (March 21-July 22) compared with the same period last year, Oil Minister Mohsen Paknejad said on Wednesday
Iran, Belarus sign airworthiness cooperation deal
Iran and Belarus have signed a memorandum of understanding (MoU) on aviation engineering and technical cooperation, which includes mutual recognition of airworthiness certification, the Civil Aviation Organization of Iran said