Tag: Economy
Economists’ prescription for breaking Iran’s inflation cycle
TEHRAN- Iran’s inflation has become a persistent, multi-layered economic problem that cannot be solved through a single tool or a simple policy choice. Economists interviewed by IRNA argue that suppressing prices, restricting demand, or relying only on monetary instruments such as interest rates or liquidity controls will not break the inflation cycle. Inflation can only…
Restoring stability, trust, predictability: private sector’s roadmap for Iran’s economy
TEHRAN- Hossein Pirmoazen, the vice chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) emphasizes in a note that restoring stability, trust, and predictability to the economy provides the basis for returning capital to production, increasing employment, and strengthening hope in society.
ECO stresses speedy operationalization of regional center for anti-corruption co-op between members
TEHRAN- At the meeting of prosecutors general of the Economic Cooperation Organization (ECO) member states in Kazakhstan, on Friday, September 11, the ECO Secretary General emphasized the need to expedite the operationalization of the “ECO Regional Center for Cooperation among Anti-Corruption Bodies and High Inspectors (Ombudsmen).”
South Korea National Day, Armed Forces Day: a night of cultural diplomacy in Tehran
TEHRAN- The Embassy of the Republic of Korea in Tehran, under the dynamic leadership of His Excellency Ambassador Kim Junpyo, hosted a magnificent reception commemorating South Korea’s National Day and Armed Forces Day on the evening of Thursday, September 10, at the Ambassador’s residence.
From Bishkek to New Delhi, Xi advocates Global South cooperation
Chinese President Xi Jinping is heading to New Delhi for this year’s BRICS gathering just over a week after he took part in the Shanghai Cooperation Organization (SCO) summit in the Kyrgyz capital of Bishkek.
Sharp surge in oil prices recorded
TEHRAN- The price of Brent crude oil futures during overnight trading jumped nearly 6% to $109.97 per barrel, the highest level in the past four months.
‘Trade with Iraq requires unity of command’
TEHRAN- Yahya Al-e-Es’haq, Head of the Iran-Iraq Joint Chamber of Commerce, emphasized that developing trade with Iraq — given its direct link to national security and development — requires centralized decision-making, unity of command, and increased maneuverability against Iraq’s changing regulations.
Comprehensive housing plan drafted based on production leap law requirements
TEHRAN- The Minister of Transport and Urban Development announced the drafting and finalization of the “Comprehensive Housing Plan” in line with the implementation of legal requirements for approval by the Supreme Housing Council, and said: “With the implementation of this 10-year document, the government’s policies in worn-out textures, land annexation, locating new towns, and prioritizing…
Iran expands trade footprint with 7 new commercial attachés
TEHRAN- Akbar Godari in Oman, Reza Bagherifard in Afghanistan, Mahmoud Eskandari in Belarus, Mohsen Montazeri in Malaysia, Seif-Ali Zarbi in Russia, Dariush Vossoughi in Turkey, and Mojtaba Moulaei Moein in India have been introduced as Iran’s commercial attachés to begin operations in target markets.
Iran pushes for local currencies, alternative payment systems to counter sanctions in BRICS summit
TEHRAN- The Minister of Economic Affairs and Finance, referring to the holding of the Second Meeting of Economy Ministers and Central Bank Governors of BRICS member countries, said: “The use of local currencies, the development of payment systems and domestic financial messengers, and increased economic coordination among BRICS members were among the most important topics…