TEHRAN (Iran News) – Raising income tax on the wealthy will help close the growing inequality between rich and poor and can be done without harming growth, the head of the IMF said. Kristalina Georgieva, the managing director of IMF, said higher marginal tax rates for the better off were needed as part of a […]

TEHRAN (Iran News)  – A lawyer form Pakistan has called for the government to be pushed on completing a gas pipeline with Iran at the earliest, Karachi-based Dawn newspaper reports.  Saifullah Muhib Kakakhel asked Peshawar High Court to seek a directive for the government to implement the much-delayed pipeline to pump Iranian natural gas to […]

TEHRAN (Iran News) – The Governor of the Central Bank of Iran (CBI) says the bank is fully controlling the foreign currency market and people should not have any worries over the exchange rates. “There are no worries regarding unpredictable shocks in the market and people don’t have to worry about sudden rises in the […]

TEHRAN (Iran News) – China will encourage the development of annuities and endowment insurance to diversify people’s investment into the stock market, instead of direct share purchases from savings, the government-backed Securities Times said. “The key consideration is to cultivate a multi-layer stock market,” the newspaper reported, quoting Xiao Yuanqi, spokesman of China Banking and […]

TEHRAN (Iran News) – Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq increased tensions in the Middle East after a US airstrike killed a top Iranian military commander. Oil prices of Brent crude futures LCOc1 soared to a high of $70.74 […]

TEHRAN (Iran News) – Director-General of the Office of Economic, Social and Environmental Studies at Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says the country’s renewable power plants have so far prevented the consumption of 1.3 billion cubic meters of natural gas in thermal power plants. Electricity generation from renewables in the […]

TEHRAN (Iran News) – Governor of the Central Bank of Iran (CBI), Abdolnaser Hemmati, said efforts will continue to strengthen the country’s ‘resistance economy’ in a bid to reduce the negative impact of US sanctions. “Regardless of what our political figures decide, Iran, in the economic sector, have a duty to counter the US’ economic […]

TEHRAN (Iran News) – The export of some highly-demanded goods to Eurasia was facilitated after the implementation of a preferential trade deal with Iran, said the head of the Export Promotion Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), adding that the volume of trade is rising for these items. “However, the […]

TEHRAN (Iran News) – Iran exported 11.4 million tons of cement and clinker in the first eight months of the current Iranian calendar year (March 21- November 21, 2019), which was 22 percent higher than the figure for the same period of time in the past year. According to a report by IRNA, the share […]

TEHRAN (Iran News) – Iran’s ministry of the industry says export of Iranian cigarettes had a lower appeal for foreign customers and smugglers in the eight-month period ending in late November 2019 as figures nearly halved compared to the similar period last year. The ministry, known as MIMT, said legal export between March 21 and […]