Tag: Economy
Rial-based trade mechanism with neighbors being designed: TPO official
TEHRAN- The Deputy for Commercial Services of Iran’s Trade Promotion Organization (TPO), referring to the country’s plans to expand trade with neighboring countries, said: To facilitate trade exchanges with countries such as Iraq and Afghanistan, proposals have been made to establish a rial-based trade mechanism, and this matter is being reviewed in cooperation with the…
Europe gas price hit a 3-year record high
TEHRAN, Sep. 02 (MNA) – European natural gas prices hit their highest since 2023 and oil touched a five-week high of $97 a barrel on Wednesday as the resumption of hostilities between the US and Iran raised fears of a return to full-blown conflict.
Iran to act in kind against US policies; Gov. spokeswoman
TEHRAN, Sep. 01 (MNA) – Iranian Administration spokesperson Fatemeh Mohajerani has condmned anti-Iran policies adopted by the United States, saying that Tehran will adopt the same approach towards Washington.
NDF must engage in large-scale, foreign currency-generating investments: economy minister
TEHRAN- The Minister of Economic Affairs and Finance emphasized the need for a shift in the approach of the National Development Fund (NDF), stating that the fund must play a more serious role in large-scale and profitable investments, particularly in the upstream oil and gas sector, and allocate its resources in a leveraged manner to…
Government’s policy is directing electricity toward productive economic activities: energy minister
TEHRAN- The Minister of Energy stated that the policy of the 14th government is to direct electricity toward productive economic activities, and said: “Supplying electricity to industries with the aim of developing GDP and creating economic value is among the government’s programs in the energy sector.”
CBI governor to Trump: Iran has foreign currency, and enough of it
TEHRAN- The 36th Islamic Banking Conference commenced on Tuesday morning (September 1, 2026) at the Central Bank’s Abbasabad Museum Garden building, with the presence of Abdolnasser Hemmati, Governor of the Central Bank of Iran (CBI), members of the Central Bank’s Jurisprudential Council, and a group of senior managers and experts from the country’s banking system.
Iran, Kyrgyzstan review proposal for joint oil refinery construction
TEHRAN – In a significant move toward deepening energy and economic ties, Iran and Kyrgyzstan have agreed to jointly review a proposal for the construction of an oil refinery in Kyrgyzstan. The announcement came on the sidelines of the Shanghai Cooperation Organization (SCO) and Shanghai-Plus summit held in Kyrgyzstan on Monday.
From oil to orchids: how Vietnam made tourism its economic engine, what Iran must learn
TEHRAN- As a tourist-journalist who has visited many countries, my long journey through Vietnam in November 2024—from the dynamic streets of Ho Chi Minh City to the lantern-lit alleys of Hoi An, the imperial citadels of Hue, the bustling energy of Hanoi, and the emerald waters of Ha Long Bay—left me not just in awe…
Oil prices climb as US, Iranian attacks stoke fears of escalation
After peaking at $94.40 a barrel on August 21, Brent has been trading in the range of $86-$91 since the MoU lapsed.
Western Balkans truck drivers threaten EU border blockade
Drivers demand an exemption to 90-day limit to stay in Schengen area, saying current rules stop them from working.