ECONOMY Feed Atom

Iran raises 10 places in terms of economy among 191 countries: IMF

3 years ago

30 October 2023

12:08 PM

The International Monetary Fund (IMF), in its latest World Economic Outlook Report dubbed “Navigating Global Divergences”, has positively revised its forecast for Iran's gross domestic product (GDP) growth in 2023, expecting the country’s economy to grow 3.0 percent this year.

‘Iranian-Saudi Traders High Council to be set up’

3 years ago

25 October 2023

12:05 PM

The new ambassador of Saudi Arabia in Tehran announced the formation of the Supreme Council of Iranian and Saudi Traders and Businessmen and said all business and commercial relations between the two countries and joint projects will be carried out under this council.

Disney nears deal to sell $10-bln valued India business to Reliance -Bloomberg News

3 years ago

23 October 2023

2:07 PM

Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.

Iran, Russia to start free trade by early 2024

3 years ago

22 October 2023

12:54 PM

A member of Iran and Russia chamber of commerce has said that the two countries will begin a free trade by the early 2024.

Venezuela’s oil sanctions relief may lift profits, no fast output rebound

3 years ago

19 October 2023

12:40 PM

A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.

Financials lead slide in Indian shares; oil prices, US rates woes weigh

3 years ago

18 October 2023

1:43 PM

Indian shares declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns about elevated oil prices and U.S. interest rates as well as the Middle East conflict.

IRISL invests $7.2m in Assaluyeh Port

3 years ago

18 October 2023

1:25 PM

The Islamic Republic of Iran Shipping Lines (IRISL) has invested 3.7 trillion rials (about $7.2 million) in Assaluyeh’s Pars Port to begin port operating services in the mentioned port, IRIB reported.

Iranian, Syrian economy ministers discuss implementing reached agreements

3 years ago

16 October 2023

2:07 PM

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said he has held talks with his Syrian counterpart on the sidelines of the annual meeting of the International Monetary Fund (IMF) in Marrakech, to discuss the implementation of the agreements reached between the two countries during President Ebrahim Raisi’s visit to Damascus.

Iran, Saudi Arabia seek expansion of trade ties

3 years ago

15 October 2023

12:48 PM

Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.

Russia proposed oil supplies to Azerbaijan via the Baku-Tikhoretsk pipeline

3 years ago

14 October 2023

1:53 PM

Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.

Putin says OPEC+ coordination to continue

3 years ago

11 October 2023

1:48 PM

Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets.

Iran, Belarus stress expansion of energy ties

3 years ago

11 October 2023

1:34 PM

During a meeting between Iranian Oil Minister Javad Oji and Belarussian Minister of Industry Rogozhnik Alexander Nikolaevich at the place of Iranian Oil Ministry in Tehran on Tuesday evening, the two sides stressed the need to expand relations in the field of energy.

Iran outdoes regional states in oil, gas exploration: NIOC chief

3 years ago

10 October 2023

1:57 PM

Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.

Iran receives $43 mln in damages from US government

3 years ago

8 October 2023

2:26 PM

Iran says it has received $43 million in damages from the United States under Case No. A15 of the Iran-United States Claims Tribunal.

Iranian economy to grow 2 times that of MENA in 2023: WB

3 years ago

7 October 2023

11:48 AM

RoydadNaft – In its latest economic report on the Middle East and North Africa (MENA), the World Bank has predicted a 4.1 percent…

Oil continues to tumble after previous session’s slide

3 years ago

5 October 2023

12:32 PM

RoydadNaft – Oil prices fell by more than $1 on Thursday, extending the previous session’s sharp losses as an uncertain demand outlook overshadowed any boost…

UK Exports to Iran Hits $40 Million in 7 Months

3 years ago

5 October 2023

12:11 PM

RoydadNaft – The United Kingdom exported $40 million worth of non-oil products to Iran in the seven months of 2023, showing a 14-percent growth compared…

Iran to be established a new free zone at border with Iraqi Kurdistan region

3 years ago

4 October 2023

2:17 PM

The Secretary of Iran’s Free Zones High Council announced that the Baneh-Marivan Free Zone located on the border with Iraq’s Kurdistan Region is going to be opened in the coming weeks.

Iran, Belarus to hold 16th Joint Economic Committee meeting next week

3 years ago

1 October 2023

12:24 PM

The 16th Iran-Belarus Joint Economic Committee meeting is scheduled to be held in Tehran on October 9-10, the portal of Iran’s Trade Promotion Organization (TPO) reported.

Canada’s economy stalled in July as previous rate hikes took hold

3 years ago

30 September 2023

1:04 PM

Canada's economy stalled in July and edged up slightly in August, data showed on Friday, highlighting a recent sluggish performance that prompted markets to trim bets for another interest rate hike next month.