Economy

The announcement came in response to a claim by Reuters news agency on Saturday that Iran's exports of gas condensates to South Korea has reduced in January.'It seems that Reuters report was based on monitoring tankers passing through the Strait of Hormuz. This is while Iran had already had several …

Talking to IRNA, Managing Director of Pazargad Non-Industrial Operation Services Co. (P.N.I.O.S.C) Mohammad Safaeian underscored that the village would play a pivotal role in reducing foreign currency drain.Constructed by highly-talented Iranian experts, Safaeian underscored that once the project becomes fully operational, it would create several job opportunities for local workforce …

Talking to IRNA on Sunday, Davoud Mohammad Beigi, who is the manager of payment systems department with the bank, said the Central Bank of Iran has already started negotiations to connect the Iranian banking system to the international payment systems.He said this became possible for the bank after the inplementation …

Dr. Shamshad Akhtar, Under-Secretary-General of the United Nations (UN) and the Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), in an article, has reviewed the energy needs of the Asia-Pacific region in the coming years and the ways regional countries should explore to meet …

Amir-Hossein Zamani Nia, the Deputy Petroleum Minister for International and Commercial affairs, said Iran's exports of oil and oil condensates have doubled in comparison to the figure before the implementation of the Joint Comprehensive Plan of Action (JCPOA).In a November 30 meeting, OPEC member states agreed to cut production for …

Speaking in a meeting with the visiting Albanian Foreign Minister Ditmir Bushati in Tehran on Saturday, Shafei said Iran may serve as a gate for Albania's entry to Central Asia and Afghanistan, while Albania may play the same role for Iran to enter markets southeast of Europe.Noting that the Iran-Albania …

In a meeting with the Head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), Gholam-Hossein Shafei, in Tehran on Saturday, Bushati said Albania is ready to hold joint meetings for organizing different exhibitions to prepare the ground for suitable cooperation between the two countries.He said the aim of …

Gholamreza Panahi told IRNA on Saturday that many Iranian banks have resumed brokerage ties with foreign banks and they perform various affairs like opening letters of credit (LC) and bank drafts.Regarding the reason for which big world banks haven’t established relations with Iranian banks yet, he said that having cooperation …

Speaking to IRNA on Friday, Afkham said, 'After removal of sanctions, we are seeking to prepare the ground for development of export within framework of the policies of the Economy of Resistance.'The Iran-Malaysia Joint Commission session is expected to be held in the near future, the official added.She underlined encouraging …

Addressing the Thursday seminar on developing trade cooperation between Iran and Malaysia, Ambassador Marzieh Afkham referred to removal of sanctions against Iran since January, 2016, saying that new conditions should result in establishing more cooperation with Iran in post-sanction era.'High-profile official presence in Iran and signing new agreements in different …