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Economy

Small scale industrial units export $2.3b

Small scale industrial units export $2.3b

He said 2,575 industrial units employing 39,622 persons were put into operation.Also, in the year 1396 the number of 1462 inactive industrial units employing of 24,406 persons were re-commissioned.Concerning created jobs through occupational programs of the ISIPO in year 1396, Moqimi said the number hit 98,562 persons, adding that preparing …

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Germany's share in Iran's foreign investment above 50%

Germany's share in Iran's foreign investment above 50%

Bahador Bijani, the deputy head of Securities and Exchange Organization (SEO), said on Saturday that Iran continues to keep in contact with Germany's Federal Financial Supervisory Authority (BaFin) so as to preserve the trust of German investors in the Iranian capital market.One of SEO's main activities last year was devising …

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Trump reason for US companies to lose Iran market: Minister

Trump reason for US companies to lose Iran market: Minister

'You are the main reason [US companies] lose this opportunity in this market,” Bijan Zanganeh told The Wall Street Journal in a rare interview, addressing Mr. Trump directly.“The United States can have benefits in going to Iran if you don’t put pressure on them not to go to Iran.'Fears of …

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Russia mulls oil payments in Iran, Turkey nat'l currencies

Russia mulls oil payments in Iran, Turkey nat'l currencies

The parties are interested in it but there is also a matter of conversion of currencies and their further use, he added.'There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the …

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Iran, Singapore set to restore prosperity to trade ties

Iran, Singapore set to restore prosperity to trade ties

In this period, trade between the two countries reached $ 487 million. This is evidently to restore bilateral trade relations to the level prior to the intensification of cruel Western sanctions on Iran.Singapore was among the Southeast Asian states which managed to achieve a significant economic growth in 2017.In 2017, …

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Iranian chess player ranks 3rd at Dubai Open 2018

Iranian chess player ranks 3rd at Dubai Open 2018

Tabatabaei was overpowered by Gawain Christopher B. Jones, English chess grandmaster and chess author.Dubai Open is an international chess tournament that is organized and hosted annually by the club since 1999. Over the years, Dubai Open has become one of the strongest open tournaments in the world and is known …

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India to double Iran oil imports in 2018

India to double Iran oil imports in 2018

“Iran is pushing to retain its oil customers in Asia, offering better terms than other Middle Eastern suppliers including Saudi Arabia, even as the threat looms of potential further U.S. sanctions on the OPEC member,” according to Reuters.“Tehran recently deepened freight discount to firms in India, its second-biggest oil client …

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Iran-Eurasia tariff deal to be signed soon: Envoy

Iran-Eurasia tariff deal to be signed soon: Envoy

The talks on preferential tariffs started two years ago, and now a list of the items that will be subjected to tariff cut is ready, Mehdi Sanaei told the Islamic Republic News Agency (IRNA).He said that Iran 's membership in Eurasian Economic Union will have a significant influence on facilitating …

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Bright economic prospects for Iran by 2025: Indian economist

Bright economic prospects for Iran by 2025: Indian economist

“If Iran plans to grow its economy from the current around $ 400 billion to $ 1 trillion by 2025, it should focus on the growth driving sectors. The segmental growth estimates may be useful as a blue-print for a long-term economic vision,” Sourajit Aiyer saidin an exclusive interview with …

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Baku-Nakhchivan railway to be launched

Baku-Nakhchivan railway to be launched

According to Azeri New Agency ‘APA’, Gurbanov said that grounds have been paved for launching passenger trains. The railway is 1,450 km from Baku to Nakhvchivan and it passes through Iran, he added.Stadler trains will be used for this railway route, he noted.Stadler Rail AG, also known as Stadler Rail …

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