Sanctions Deprived Iran of $100b in Oil Revenues
New Oil Minister Javad Owji says the "tyrannical" U.S. sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.
Tehran, Nairobi to Launch Direct Cargo Flight by End of 2021
During a webinar on reviewing the trade capacities and opportunities of Iran and Kenya on Tuesday, it was announced that the direct cargo flight will be launched between the two countries by the end of 2021.
Over 4m tons of basic goods stored at Iranian ports
Head of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad says over four million tons of basic goods are already stored at the country’s ports, the PMO portal reported on Wednesday.
Former CBI governors stress bank’s authority in economic decisions
The former governors of the Central Bank of Iran (CBI) have said the president should not intervene in the country’s specialized economic decisions which are mainly made by the CBI, Mehr News Agency reported.
POGC to begin new drilling operations in South Pars gas field
Iran’s Pars Oil and Gas Company (POGC), which is in charge of developing the country’s giant South Pars gas field in the Persian Gulf, is preparing to begin new drilling operations in this field, an official with the company announced.
Reaching 8% economic growth possible
Head of Iran’s Planning and Budget Organization (PBO) has said achieving an eight percent economic growth is possible if the government manages the budget properly and implements correct planning, IRNA reported.
Forex Price Continuing Its Downward Trend
The Governor of Central Bank of Iran Akbar Komijani says the country in recent days has seen the decline in the forex rate in the market as a U.S dollar is being currently traded at around 260,000 rials while it had hit 280,000 rials.
Turkey Is Iran’s Biggest Rival in Kurdistan Region Market
Head of Sanandaj Chamber of Commerce says if the statesmen want to materialize the goal of boosting trade exchange with countries, the embassies and foreign ministry should focus on economic diplomacy and the number of commercial counselors in the target export markets should be more than political ones.
Loading, unloading of goods in ports up 14%
Loading and unloading of goods in the ports of Iran rose 14 percent during the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period of the previous year, the portal of the Ports and Maritime Organization (PMO) reported.
Tehran hosting Islamic banking conference
Iran’s 31st Islamic Banking Conference kicked off at the place of the Central Bank of Iran (CBI) in capital Tehran on Tuesday, IRIB reported.