Draft Budget Plan Sees Inflation at 22%
The draft budget plan for the next Iranian year (to start March 21, 2021) instructed to the executive bodies has targeted an inflation rate of 22 percent.
Early Repayment of Sukuk Bonds Through Crude Oil Allowed
Iran’s Finance Ministry issued a notice allowing the repayment of sukuk, debt bonds that are compliant with Islamic financial principles, through the use of export crude.
Foreign Trade Exceeded $24b in Five Months: IRICA
The Islamic Republic of Iran Customs Administration (IRICA) said the country’s foreign trade has exceeded $24.6 billion in the first five months of the current year.
Iran, Qatar Discuss Linking Power Grids through Sea
Iranian Energy Minister and Qatari Minister of State for Energy Affairs held an online meeting to discuss linking the two countries’ electricity grids via the sea.
Sugar Beet Production to Jump by March
Iran will produce over five million tons of sugar beet by the end of the current calendar year (March 2021).
IGTC Reports of Increased Gas Injection into Iranian Storage Facilities
Iran increased gas injection into storage facilities in the first half of the current calendar year (March 20-September 21).
VP Inaugurates Projects in Hormuzgan, Iran
Iran’s First Vice President Es’haq Jahangiri inaugurated several development projects valued at about $425.9 million on Saturday during a visit to the southern province of Hormuzgan.
Exports of Raw Iron Decreased: Iranian Caretaker Minister
Iran has decreased its raw iron exports nearly by six times in seven years to help a booming steel industry.
$1.7b Worth Commodities Traded at IME
IME announced on Saturday that 619,083 tons of commodities, valued at over $1.73 billion, were traded in its domestic trading and export halls.
New Platform in Persian Gulf Oilfield Installed
Iranian technicians and engineers have successfully installed another offshore drilling rig in the Persian Gulf waters.