Iran Eying Enhanced Economic Ties with Iraq

Economy - Iran’s first vice president unveiled plans to upgrade the level of economic relations with neighboring Iraq at the same pace with the expansion of bilateral political ties.

Economy - Iran’s exports from the South Pars natural gas field increased by 35 percent in the first Persian calendar month (ended April 20, 2015), an Iranian Customs official said on Tuesday.
Economy - Iran is facing growing warnings that its deteriorating water crisis could eventually undermine its food security.
Economy - Iran’s capital city stock market, Tehran Stock Exchange (TSE) gets off to a positive start in the new Persian calendar year (which started on March 21).
Economy - The Central Bank of Iran (CBI) plans to keep a tight rein on bank interest rates as the country's inflation is witnessing a gradual decline, a senior bank official said
Economy - A senior official at the National Iranian Oil Products Distribution Company (NIOPDC) said his company is ready to export nearly 56 million liters per day of fuel to the international markets.
Economy - A senior energy official announced that Iran is building the largest methanol plant in the world.
Economy - Iran and Iraq seek to increase the volume of their bilateral trade from the current 12 billion dollars to 20 billion dollars, Iranian Minister of Finance and Economic Affairs Ali Tayyeb-Nia says.
Economy - Iranian Labor Minister Ali Rabiyee said that the country has been successful in enhancing relations with the neighboring nations, specially in economic fields.
Economy - Iran’s Minister of Petroleum Bijan Namdar Zangeneh has described the current status of Iran’s oil industry as “catastrophic”, saying his Ministry of Petroleum lacks adequate funds to even pay the salaries of its staff.
Economy - Iran’s auto production and sales rose 32 percent in 2014 from the year before as the industry started emerging from sanctions, an official has said.
Economy - Iranian Oil Minister Bijan Namdar Zanganeh dismissed the US officials' claims that Tehran's hands are tied up in nuclear negotiations as a 'joke'.
Economy - Saudi Arabia's King Salman empowered two of his sons for key positions after abolishing the supreme council of petroleum, as new bureaucratic streamlining takes place in the kingdom, an expert said.
Economy - Iran's exports of gas condensates and petrochemicals increased by 40 percent in the first ten months of the current Iranian year (March 21, 2014-January 21, 2015) compared to the corresponding period last year.
Economy - Iranian Oil Minister Bijan Namdar Zanganeh underlined the necessity for increasing the production of non-oil products.
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