‘Useless’ INSTEX cannot solve Iran’s economic problems: MP
An Iranian lawmaker described the EU-proposed INSTEX as a ‘useless’ mechanism which cannot solve Iran’s economic problems.
Govt. ratifies no visa policy for Chinese visiting Iran
The Cabinet approved no visa policy for Chinese tourists visiting Iran, deputy head of Iran Cultural Heritage, Handcraft and Tourism Organization announced.
EU mechanism for trade with Iran now operational: statement
French, British and German officials announced in a statement on Friday that the trade mechanism with Iran aimed at circumventing US sanctions, dubbed INSTEX, has been operational.
Iran oil refining capacity to reach 2.4 mbd by March
Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.
Iran delivers 1st Chinese oil purchase since May: report
According to a report, National Iranian Tanker Company (NITC) delivered oil to the Jinxi Refining and Chemical Complex in China, marking the first confirmed delivery of Iranian crude purchased after the Trump administration’s revocation of waivers permitting the sale of Iranian oil on May 2.
Oil exports rising despite US sanctions, says CBI governor
Governor of the Central Bank of Iran, Abdolnaser Hemmati, said Wed. that despite sanctions and US’ efforts to undermine Iran’s oil sector, the country’s oil exports are on the rise.
‘Foreign vessels passage through Iranian waters ongoing’
Head of Iran’s Ports and Maritime Organization (PMO) said all major foreign shipping companies are passing through Iran's waters on their normal basis and Iranian ports are also operating as before. As reported by IRNA, Mohammad Rastad made the remarks on the sidelines of a ceremony on the occasion of World Hydrography Day in Tehran on Tuesday.
CGT for more productivity, less reliance on oil income
In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.
Iran to offer incentives for foreign investments of over $250,000
Iranian Finance and Economic Affairs Minister Farhad Dejpasand said on Tuesday that the government is providing especial facilities for foreign companies that bring in over $250,000 of investment into the country, IRNA reported.
ESCO in Touch With 15,000 Suppliers of Parts and Raw Material
TEHRAN – The CEO of Esfahan Steel Company (ESCO) Eng. Mansur Yazdizadeh says the company is to boost its current amount of its cast iron production from 3m to 4m tons in 2020.