Economy Archives | صفحه ۱۰۳ از ۱۲۷
MPs not ratify general outlines of next year budget
۲ TEHRAN, Feb. 24 (MNA) – Majority of Iranian Parliament members, on Monday, voted against the general outlines of the government’s proposed budget bill for the next Iranian calendar year. In an open session, attended by Head of Plan and Budget Organization (PBO) Mohammad Bagher Nobakht, from among 191 present MPs, some 114 ones voted against the […]
Khatam-al Anbiya construction HQ’s Technical-Engineering Exhibition opened
۲ TEHRAN, Feb. 22 (MNA) – Technical and Engineering Exhibition of Khatam-al Anbiya Construction Headquarters was inaugurated in Tehran’s Imam Khomeini Mosalla on Sat. in the presence of Ministers of Roads Mohammad Eslami and Industry Minister Reza Rahmani. On the sidelines of his visit to this exhibition, Roads Minister Mohammad Eslami said, “Islamic Republic of […]
Indigenizing Oil Industry Equipment Making Progress
EghtesadOnline: South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured and repaired 1,500 parts used in the oil and gas industry with the help of domestic companies over the past fiscal year), the SZOGPC managing director said. “The parts include control valves, impeller valves, pumps, filters, […]
۶۶% Share of Contraband in $3.3b Home Appliance Market
EghtesadOnline: Iranian home appliance market had a turnover of $3.3 billion in the last fiscal year (March 2018-19), the head of Home Appliance Sellers and Producers Union said. Morteza Miri added that contraband products accounted for $2.2 billion (66.66%) of the sum, Fars News Agency reported. “Two out of three home appliances in the domestic […]
Iran’s Share of Global Halal Market at Less Than 1%
EghtesadOnline: Iran accounts for less than 1% of the global trade of halal products, according to the Leader of the Islamic Revolution’s representative in the Agriculture Ministry. “The global halal market turnover amounts to around $4 trillion per year, yet Iran’s share in this market is meager. Iranians account for 4-5% of the world’s Muslim […]
Iranians faced with abrupt closures of their accounts in Italy
۲ TEHRAN, Feb. 14 (MNA) – Due to US sanctions, some Italian banks have reportedly closed or imposed restrictions on accounts held by Iranian citizens. The situation has put some people in a delicate financial situation. According to Euronews sources, the Italian branch of ING Direct Bank sent a letter to Iranian customers several months ago […]
Iran produces 2.08mn bpd of crude in Jan. 2020: OPEC
۲ TEHRAN, Feb. 14 (MNA) – According to the latest report of OPEC, Iran produced 2.086 million barrels of crude oil per day in the first month of 2020. The figure shows a decrease of 9,000 barrels compared to December 2019. According to the same report, OPEC members produced 28.859 million barrels of crude in January […]
Iran’s trade with Eurasia exceeds $1bn
۲ TEHRAN, Feb. 09 (MNA) – Iran’s foreign trade volume with Eurasian Economic Union (EAEU) surpassed $1 billion since implementation of Free Trade Agreement (FTA) between Iran and Eurasia. The Director General of Islamic Republic of Iran Customs Administration (IRICA) for Intl. Affairs Hossein Kakhaki made the remarks on Sun. in Eurasia and Export-Transit Conference, […]
Nationwide Oil, Derivatives Supply at 100 Billion Liters
۲ EghtesadOnline: The Iranian Oil Pipeline and Telecommunication Company has supplied close to 100 billion liters of crude and petroleum products nationwide since March 2019, managing director of the company said. “Oil and derivative supplies to different regions between March to December last year included gasoline, diesel, jet fuel and kerosene,” Qasem Arabyar Mohammadi was […]
Iran sets output cuts precondition for OPEC emergency meeting
۲ Tehran, Feb 3, IRAN – Petroleum Minister Bijan Zangeneh announced here on Monday that Iran will agree the Organization of Petroleum Exporting Countries (OPEC) to hold emergency meeting only if member states are ready to reduce output. Speaking to reporters in Tehran, Zangeneh said that Iran seeks OPEC member states to reduce output for […]