Economy Archives | صفحه ۱۱۱ از ۱۳۰
Banks Shutter 438 Branches in 7 Months
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 […]
53bn barrels of in-place oil at newly-discovered Namavaran Oilfield
Zanganeh: ۲ 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 […]
Iran signs MOU with Russia, Kyrgyzstan for transient imports of wheat
۲ 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 […]
National currency regains 21% of its value: CBI gov.
۲ 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 […]
Production growth of 26 main mineral & industrial products in H1
۲ 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 […]
Iran Energy Exchange Is a Stopgap Solution
۲ 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 […]
CBI Chief Highlights Iranian Rial’s Rise against US Dollar
۲ 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 […]
Tehran Stocks Rise on Half-Yearly Reports
EghtesadOnline: Tehran’s stock market welcomed positive data from the half-yearly (March 20- Sept 22) financial reports of listed companies on Tuesday. Spurred by rising demand for shares of well-performing companies, Tehran Stock Exchange pared some of the earlier loss, and investors, perturbed by gloomy market outlook, heaved a sigh of relief. The main gauge of […]
Efforts to Block Iran’s Oil Industry Failed, Zanganeh Says
۲ TEHRAN (Tasnim) – Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said attempts aimed at blocking Iran’s oil industry have gotten nowhere. “A lot of efforts were made to halt the development of Iran’s oil industry under the conditions of sanctions,” Zanganeh told […]
۸۴۱-MW production capacity of renewable power plants ‘active’ in nationwide
۲ TEHRAN, Oct. 20 (MNA) – Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) Spokesman Jafar Mohammadnejad Sigaroudi said that 841-megawatt production capacity of renewable power plants is active in the country. He made the remarks on Sunday and added, “presently, renewable power plants have been launched in all provinces of the country.” He put […]