Economy Archives | صفحه ۱۰۴ از ۱۳۱
Covid-19 Sinks Business Activities to Record Low
EghtesadOnline: The Purchasing Managers’ Index, known by its Farsi acronym Shamekh, for Iran’s overall economy nosedived to its lowest level in the first month of the current fiscal year (March 20-April 19) in another sign that the coronavirus pandemic is causing serious economic damage to the country. The announcement was made by the Statistics and […]
Iran’s Trade With Persian Gulf States Tops $21 Billion
EghtesadOnline: Iran’s non-oil commercial exchanges with Persian Gulf Arab states, including Iraq, the UAE, Oman, Qatar, Kuwait, Syria, Lebanon, Jordan and Saudi Arabia, hit $21.5 billion in the last Iranian year that ended on March 19, 2020. According to Director General of Trade Promotion Organization of Iran’s Arabic-African Affairs Office Farzad Piltan, Iran exported $12.5 […]
Iran’s handicrafts exports reach $427mn in 11 months
TEHRAN, May 09 (MNA) – Iran’s exports of handicrafts in the 11 months of the past fiscal year to February 19 amounted to $427 million, said the deputy cultural heritage, handicraft and tourism minister. Pouya Mahmoudian added that of the total amount, some $237 million accounted for official exports, and the remaining $190 million belong […]
Housing, Transport Sectors Lean Towards Stock Market
EghtesadOnline: The Ministry of Roads and Urban Development plans to tap the existing capacity of Iran Mercantile Exchange to fund projects in the transportation and housing sector, an official with the ministry said. “Over the past ten months we had meetings with the Securities and Exchange Organization to study stock market capacity in financing housing […]
Dubai Expo 2020 postponement to affect UAE economy
By: Zahra Mirzafarjouyan TEHRAN, May 08 (MNA) – While Expo 2020 Dubai has been postponed one year due to the coronavirus pandemic, some experts believe that the postponement will have a big impact on the UAE economy and derails at least temporarily a range of tech projects. The outbreak of the coronavirus has caused a […]
Iran, ‘leading steel producer, exporter’ in ME region
TEHRAN, May 08 (MNA) – Islamic Republic of Iran is a leading country in the field of producing and exporting steel in the Middle East region. With more than half a century experience, Iran’s steel industry is leader in the Middle East region among rivals in terms of steel production and exports. It is expected […]
Butane production capacity up 100% in SP phases 17, 18
TEHRAN, May 6 (MNA) – The Director of Refinery No. 7 of South Pars Gas Complex said on Tue. that phases 17 and 18 of the Complex have increased butane production capacity up by 100 percent. Hassan Asa’adi told IRNA that the most distinguished and salient achievement of the refinery in last year [ended March […]
Iran chops off zeroes from currency, changes ‘rial’ to ‘toman’
TEHRAN, May 4 (MNA) – Iranian lawmakers approved on Monday a monetary bill to shave four zeroes off the national currency. As per the bill ‘Reforming Monetary and Banking Law’, the monetary unit will change officially from the rial to the commonly used toman. Furthermore, the minor monetary unit of the new currency will be […]
Iran Plans to Revive Cotton Seed Plants to Boost Production: Deputy Minister
TEHRAN (Tasnim) – Iran’s deputy agriculture minister said the country plans to help a number of cotton seed plants come on stream in order to enhance production. In order to help boost domestic production in the country the cotton plan, the transfer of all four factories in the country to the Union of Agricultural Cooperatives […]
Loading capacity of gas condensate set to rise in South Pars
TEHRAN, Apr. 25 (MNA) – According to an official with the South Pars development project, the installation of new tankers will increase gas condensate loading capacity of the field. The deputy head of the South Pars Phase 19 development project announced the arrival of a tanker ship equipped with single point mooring (SPM) in Assaluyeh, […]