Tag: Economy
China-ASEAN Expo opens with focus on CAFTA 3.0, AI, and Pinglu Canal
The expo comes as China and ASEAN begin implementing the upgraded CAFTA 3.0 framework, which aims to facilitate trade, strengthen supply chains and expand cooperation into emerging sectors.
Oil industry’s damaged capacities put on path to recovery: minister
TEHRAN- Iran’s Oil Minister, emphasizing the favorable process of rebuilding damaged oil industry facilities, said: It is expected that part of the lost capacity will become available by the end of the current Iranian calendar year (March 2027), and the rest in the first half of next year.
‘BRICS can reduce Iran’s trade costs’
TEHRAN- The Vice Chairman of the Iran-Russia Joint Chamber of Commerce, stating that using BRICS financial mechanisms and settling exchanges with national currencies can reduce Iran’s trade costs, said: Placing the rial in the calculation basket of this group requires stabilizing the value of the national currency and reforming foreign currency exchange regulations.
Iran, Tajikistan emphasize trade expansion, removal of obstacles to economic exchanges
TEHRAN- Iran’ Deputy Minister of Industry, Mining and Trade for Commercial Affairs, in a meeting with the Deputy Minister of Economic Development and Trade of Tajikistan, reviewed the latest status of economic and trade cooperation between the two countries and emphasized the need to accelerate the implementation of agreements, remove obstacles facing those active in…
Energy price increases will worsen because of war against Iran: Italian energy minister
TEHRAN- Italian Economy Minister Giancarlo Giorgetti said Wednesday the situation with energy spikes due to the Iran was worsening everywhere and he was confident that soon other countries would endorse a letter from Italy and five other EU members urging the Irish duty presidency to adopt a common approach to the conflict in West Asia…
Tanker hit attempting illegal transit through Hormuz Strait
TEHRAN, Sep. 18 (MNA) – The Islamic Revolutionary Guard Corps (IRGC) Navy said that an oil tanker flying the flag of Togo was hit while attempting to illegally transit the Strait of Hormuz.
The National Bank of Iran at 98th
The 98th anniversary of Bank Melli Iran is far more than a historical milestone. It is an opportunity to reflect on the role of an institution that has been closely intertwined with the development of Iran’s financial system, the financing of economic activity, and the evolution of the country’s banking infrastructure.
US inflation expectations tied to Strait of Hormuz
TEHRAN, Sep. 16 (MNA) – Iranian Parliament Speaker Mohammad Bagher Ghalibaf says inflation expectations in the United States are linked to the developments in the Strait of Hormuz and Bab al-Mandab Strait.
Iran’s oil facilities damaged in war on track for restoration
TEHRAN, Sep. 16 (MNA) – Oil Minister Mohsen Paknejad says that the reconstruction of oil industry facilities damaged during the US-Israeli-imposed war was progressing well.
Iran’s date production exceeds 1.9m tons
TEHRAN- The Head of the Center for Development of Mechanization and Agricultural Industries of the Ministry of Agriculture, stating that more than 1.9 million tons of dates are produced in the country, said: Iran is among the top four countries in the world in terms of production of this product.