-
CBI governor Hemmati says Iraq 'good opportunity' for exports
Economy Governor of Central Bank of Iran Abdolnaser Hemmati said that Iran’s export volume of products to neighboring Iraq and its foreign exchange resources obtained is good opportunity for the country that should be used optimally.
-
Export of oil products from Shahid Rajaei Port to increase by 30%
EconomyOnce the three platforms under construction are completed in Shahid Rajaei Port in southern Iran, the export capacity of oil products from the port is expected to rise by 30%, according to a local official.
-
CBI governor: Iran to use external sources to provide basic goods
Economy The governor of the Central Bank of Iran said on Wednesday in Baghdad that Iran is going to use its external sources to import basic goods, such as medicine.
-
Central Bank of Iran cuts interest rates to stem inflation
EconomyIran's Central Bank said on Monday that cutting interest rates aims to channel liquidity to the manufacturing sector and stem inflation adding that it has adopted appropriate measures for management of market liquidity envisaged at 2,472 trillion tomans by the end of the Iranian year (March 2020).
-
CBI chief puts Iran’s last year economic growth at 1.1%
EconomyAbdolnaser Hemmati, the governor of Central Bank of Iran, said on Saturday that Iran’s economic growth, excluding oil revenues, last year stood at 1.1%.
-
Iran once again urges S Korea to release frozen billions of dollars
EconomyGovernor of Central Bank of Iran Abdolnasser Hemmati elaborated on the Islamic Republic’s ongoing dispute with South Korea over billions of dollars in oil revenues that is trapped in banks there and Tehran wants to tackle the coronavirus.
-
Iran foreign trade stood at $ 85 billion last year
EconomyIran's foreign trade stood at $ 85 billion over the past Iranian year, a best response of the country's ill-wishers, Director-General of Iranian Customs Office Mehdi Mirashrafi said on Sunday.
-
President Rouhani inaugurates steam unit of combined-cycle power plant in Assaluyeh
EconomyThe first steam unit of Assaluyeh combined-cycle power plant with the capacity of 160MW was inaugurated in the presence of President Hassan Rouhani and Energy Minister Reza Ardakanian, IRNA reported on Thursday.
-
Bazargan border post scene of movements of lorries after 3.5 months shutdown
EconomyBazargan border post between Iran and Turkey has become scene of movements of lorries carrying merchandises as of Thursday morning, managing director of Bazargan Customs office Sadeq Namdar said.
-
CBI chief says Iran’s forex reserves are satisfactory
EconomyCentral Bank of Iran (CBI) Governor Abdolnasser Hemmati said on Tuesday that the CBI forex reserves are satisfactory and at a very good level.
-
Iran’s Faxon tanker berths at Venezuela's port
EconomyIranian tanker Faxon carrying fuels berthed at Venezuela's port on Friday morning.
-
Fourth Iranian oil tanker enters Venezuelan special economic zone
EconomyThe fourth Iranian tanker carrying fuel for Venezuela has entered the country’s special economic zone, according to a report by MarineTraffic.
-
Iran to expand port container capacity to eight million TEU
EconomyIran's Port and Maritime Organization CEO said that it had planned to enlarge the capacity of trade ports from seven million twenty-foot containers to eight million TEU.
-
Iranian-Turk researchers conduct 22 joint projects
Economy Iranian and Turkish researchers are conducting some 22 projects under the agreement signed between Iran’s Ministry of Science, Research and Technology and Iran-Turkey Scientific and Technological Research Council of Turkey.
-
2nd Indian wheat ship to Afghanistan docks in Chabahar, Iran
Economy Ports and Maritime authority of Sistan and Balouchestan province said that a ship containing the second part of India's aid package to Afghanistan docked on Wednesday in Chabahar port, Iran.
-
CBI Chief declares improvement in access to financial resources
EconomyGovernor of the Central Bank of Iran (CBI) Abdolnaser Hemmati in an Instagram Post declared improvements in access to CBI’s financial resources abroad, saying over $2.5b has been supplied through central bank and non-oil exporters over the last 50 days.
-
Minister: COVID19 did not stop oil production
EconomyIran's Oil Minister Bijan Zangeneh elaborated on Petroleum Ministry’s measures in fighting COVID19, saying the ministry has put on its agenda making persistent efforts to prevent stopping oil production.
-
Modaress Khiabani appointed as caretaker of Ministry of Industry, Mines and Trade
EconomyThe President while dismissing Reza Rahmani the former Minister of Industry, Mines, and Trade from office, issued a decree appointing Hussein Modarres Khiabani as the caretaker of that Ministry.
-
IranAir to partially resume international flights on May 14
EconomyIran’s flag carrier Homa, known internationally as IranAir, is to partially resume its international flights after a two-month hiatus that came over the new coronavirus pandemic.
-
25 ships unloading fundamental goods in Iranian ports
EconomyManaging Director of Ports and Maritime Organization (PMO) of Iran announced on Sunday that 589,000 tons of fundamental goods are being unloaded from 25 ships at different Iranian ports.
-
Iran's foreign exchange bank reserves in appropriate condition, CBI governor says
EconomyGovernor of Central Bank of Iran (CBI) Abdolnaser Hemmati on Sunday stated that the most important monetary policy is to curb inflation, said that despite the decrease in oil revenues under the influence of oppressive sanctions and a sharp decline in oil prices, the situation of the country's foreign exchange bank reserves is appropriate and unprecedented in the country's history.
-
Iran’s trade exchanges with Azerbaijan, Turkey ‘underway’ amid pandemic
EconomyIranian Minister of Roads and Urban Development Mohammad Eslami said that Iran’s trade exchanges with the two neighboring countries of Turkey and Republic of Azerbaijan are underway amid the coronavirus global pandemic.
-
A new licensed bitcoin mining farm is getting set up in Iran
EconomyThe government of Iran is said to have issued a license to Turkey-based iMiner to mine bitcoin in Iran.
-
Iran issues license for biggest bitcoin mining farm: MSN website's Report
EconomyInterest in bitcoin mining is finding traction in Iran. iMiner, a cryptocurrency company registered in Turkey, has been granted a license to mine digital coins and offer trading and custody services in Iran, MSN news website reports.
-
Iran: IMF should put aside politics
EconomyThe governor of the Central Bank of Iran said on Monday that Head of International Monetary Fund Kristalina Georgieva should put the politics aside and discharge her professional duties. The time to act is now, history will judge us all and that judgment will not be as easy as we might think.
-
Iran to loan small, medium businesses to protect national production
EconomyGovernor of Central Bank of Iran announced Monday that the CBI will loan two-third of 750,000 billion rials to small- and medium-sized businesses that are active in production and services areas.
-
Energy minister announces 250 water, electricity and wastewater projects
Economy Iran's Energy Minister said on Monday that 250 projects in water, electricity and wastewater sections would become operational with an investment of about 500 trillion rials.
-
G20 agrees to cut oil production by 3.7 mb/d: Minister
EconomyIran’s minister of petroleum said on Sunday evening that G20 countries agreed to reduce oil production by 3.7 million barrels a day.
-
Minister: Iran’s gov’t employs 20% of assets to develop economy
EconomyIranian Minister of Economy and Finance Farhad Dej-Pasand referred to government assets worth at 7 million billion toman, saying just 20% of them will develop the economy of the country.
-
CBI chief outlines banking plans to control COVID19 consequences
EconomyGovernor of Central Bank of Iran Abdolnaser Hemmati referred to banking system supportive plans to control negative economic consequences of coronavirus, saying CBI will spare no efforts for the economy to pass through difficult situation.