Economy Archives | صفحه ۱۱۶ از ۱۲۷
Renewables Turning Into A Steady Movement In Iran
Renewables are steadily gaining traction in Iran. The quest for a cleaner, greener and more self-sustaining future is now turning out to be quite a movement, though needing a harder push. Almost ten years have passed since the shift from fossil fuels to clean energies started in the country, while renewables have so far reached […]
Japan’s Cosmo Oil resumes Iranian oil imports
Cosmo Oil has started loading its first Iranian crude oil cargo, the latest Japanese refiner to resume import of Iranian oil more than two months after the US sanctions waiver was granted, a source with direct knowledge of the matter told S&P Global Platts Monday. The VLCC Jin-Ei commenced loading 850,000 barrels of Iranian crude […]
Hawza Expected to Offer Solutions to Religious Problems, Inquiries: Leader
Administrators of the Office of Islamic Propagation affiliated with Qom Seminary School (Hawza) met with the Leader of the Islamic Revolution, Ayatollah Khamenei. During the meeting with the administrators of the Office of Islamic Propagation, Ayatollah Khamenei regarded as an important duty of the office to answer the enquiries and intellectual needs of the youth, […]
Industry min:Non-oil product exports hits 86 fold in post-Islamic Revolution
In its latest statistics, the Ministry of Industry, Mine and Trade announced that exports of non-oil products in the country turned 86 fold since the glorious victory of the Islamic Revolution up to the last Iranian calendar year (ended March 20, 2018). The ministry put the Iranian export of non-oil products in the last Iranian […]
Iran Parliament Think Tank Forecasts Grim Outlook on Economic Growth
The performance of Iran’s real economy was weaker than expected in the first half of the current fiscal year (March 21-Sept. 22, 2018), a report by the research arm of Iranian Parliament reads. While the government’s operating and capital expenditure as well as private sector investment remained almost unchanged at the nominal level, the rise […]
Currency reconversion not a turning point in economic reformation
One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes. […]
Getting around sanctions with crypto-rial
In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks. However, the CBI decided to take a more moderate stance toward the digital money and blockchain technology following the imposition of a new round of US sanctions, hoping that the […]
Speaker: Next Budget to Address Economic Concerns
Parliament Speaker Ali Larijani said that the budget bill for the new Iranian year (to start on March 21, 2019) will focus on resolving economic issues to lower unemployment rate, increase the volume of non-oil exports, and boost national production. Larijani said that Iran will focus on non-oil exports in the new Iranian year, […]
Tehran Housing Recession Deepens as Prices Rise
Home prices in Tehran increased and property deals declined in the ninth month of the current Iranian year, Azar (ended Dec. 21), the Central Bank of Iran said. Latest data published by CBI on its website indicate that only 6,814 homes were sold in the capital during the period, signaling a year-on-year decrease of 61.7% […]
India officially takes over management of Shahid Beheshti port
With the inauguration of the Indian Ports Global Ltd. (IPGL) office in Iran, the country has officially leased the operational control of Shahid Beheshti port to India under Chabahar agreement. An official at Ports and Maritime Organization of Iran told reporters on the sideline of a trilateral meeting between Iran, Afghanistan and India on Chabahar […]