Tag: Economy
Another incident reported for ships in Strait of Hormuz
TEHRAN, Sep. 21 (MNA) – The UK Maritime Trade Operations (UKMTO) said Monday that a liquefied petroleum gas (LPG) cargo was targeted in the Strait of Hormuz.
Iland Mega-Project Faces Prolonged Delivery
Designed as a 1,400-hectare premier tourism and economic zone on the Tehran–Saveh Highway, the Iland mega-project remains focused primarily on delivering Phase 1 nearly two decades after inception.
Meeting highlights Central Bank, banking network readiness for international challenges
TEHRAN- The Deputy for International Relations of the Central Bank, emphasizing the need for the banking network’s readiness to face rapid international developments, said: Close communication between the Central Bank and the banking network, and using the experience of experts and specialists, can lead to synergy, finding effective solutions to problems, and forward-looking planning in…
Iran, Turkmenistan targeting $3bn annual trade turnover
TEHRAN, Sep. 21 (MNA)–Trade exchanges between Iran and Turkmenistan in the current Iranian calendar year (Mar. 21) has witnessed considerable growth in the fields of energy and transit, so that the two countries are targeting $3 billion annual trade.
Integrated production services contract signed for operation of 55 wells in Azadegan oil field
TEHRAN- With the signing of an Integrated Production Services (IPS) contract between Oil Exploration Operations Company and Dasht-e Azadegan Arvand Oil and Gas Development Engineering Company, a new chapter of synergy began in the field of protective production and increasing the recovery factor of the Azadegan oil field.
Targeted development of trade relations between Iran, Kyrgyzstan necessary: TPO head
TEHRAN- The Head of the Trade Promotion Organization (TPO) of Iran, in a meeting with Iran’s ambassador-designate to Kyrgyzstan, emphasized the necessity of targeted development of trade relations, identification of the two countries’ export capacities, and the dispatch and reception of trade delegations.
ICCIMA trade delegation departs for Tashkent
TEHRAN- Hossein Pir-Moazen, Vice President of the Iran Chamber of Commerce, Industries,Mines and Agriculture (ICCIMA) has departed for Tashkent at the head of a specialized delegation comprising some heads of provincial chambers, heads of specialized committees of the Iran Chamber, heads of associations, and those active in the food industry, agriculture, and related industries.
Digital Banking Shifts to Ecosystem Wars
Digital banking competition is transitioning from card visuals and gamification to integrated business ecosystems, where future market leadership belongs to platforms embedded in comprehensive economic value chains.
The Real Cost of Delayed Chemical Shipments: How Logistics Affect Industrial Procurement
For industrial buyers, the cost of a chemical shipment is not limited to the price per ton. Delivery time, freight, documentation, packaging, and route selection can all affect the final cost. This is why chemical shipment delays can create problems that are much more expensive than the original difference between two supplier quotations. A shipment…
Trump’s Iran war ignites global diesel crisis
TEHRAN-As diesel prices shatter records across three continents, evidence mounts that the Trump administration’s military confrontation with Iran and its failure to anticipate the Strait of Hormuz disruption have triggered a supply chain catastrophe that threatens to push the global economy into recession.