Iran’s forex reserves increasing
Abdolnaser Hemmati highlighted Iran's success in increasing its forex reserves and said they are at an unprecedented level in the past decade.
Iran, Turkey trade to rise amid US sanctions
Companies from Iran were meeting their counterparts at a conference in Istanbul on Wednesday as part of a new push by Iran and Turkey to enhance their economic trade, despite sanctions imposed by the US.
First PIMS launches in Iran oil industry
The Iranian Offshore Oil Company (IOOC) has successfully launched its first pipeline integrity management system (PIMS) in the Iranian oil industry.
Iran’s annual inflation declines to 38.6%; SCI reports
The Statistical Center of Iran (SCI) announced that Iran's annual inflation rate during December 22, 2019-January 20, 2020, stood at 38.6 percent.
Electricity generation by hydroelectric plants up 218%
Electricity generation by Iranian hydroelectric power plants during the first nine months of the current Iranian calendar year.
Iran Steel Exports Exceed 10m Tons Despite Sanctions
Head of Industrial Development and Renovation Organization of Iran (IDRO) says Iran has managed to export more than 10m tons of steel despite maximum sanctions.
Iran’s fuel consumption decreased in 18 months
Iran's managing policies succeeded to reduce domestic fuel consumption by over nine billion liters in the past 18 months.
Gas production in South Pars hits 630 mcm a day
Iran’s South Pars Gas Field has reached a total daily production of 630 million cubic meters (mcm), according to the managing director of Pars Oil and Gas Company.
TFA cuts trade costs by 13%
Mehdi Bakhshandeh said that once the Trade Facilitation Agreement (TFA) is enforced, trade and business costs will be reduced by 13 to 15 percent.
UK economy after Brexit, Javid explains
UK is planning to shift its economy further away from the European Union’s, firing an early salvo in what’s set to be a fractious year in hammering out their future relationship after Brexit.