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Iranian Finance

  • Iran inaugurates major water projects

    Iran inaugurates major water projects

    Apr 29, 2021 07:42

    President Hassan Rouhani on Thursday launched four major water projects in the country during a video conference event.

  • Firms in Iran on stand-by to ramp up oil production

    Firms in Iran on stand-by to ramp up oil production

    Apr 27, 2021 10:13

    Largest oil producing company in Iran says it is ready to raise production to levels above its output in 2018 when the US illegally targeted the Islamic Republic’s oil industry with the most aggressive sanctions ever.

  • Iran unveils first homemade rotor for power plants

    Iran unveils first homemade rotor for power plants

    Apr 20, 2021 10:35

    Iran has unveiled its first steam turbine rotor built by the country’s specialists for electricity generation, entering the league of five leading producers of the machine.

  • IMF corrects estimate about Iran forex reserves: CBI

    IMF corrects estimate about Iran forex reserves: CBI

    Apr 15, 2021 09:43

    The International Monetary Fund (IMF) has corrected its wrong estimate about the amount of Iran’s foreign exchange reserves in an official note sent to the Central Bank of Iran (CBI), says a CBI statement.

  • North-South corridor safer, cheaper alternative to Suez Canal: Iran's envoy

    North-South corridor safer, cheaper alternative to Suez Canal: Iran's envoy

    Apr 09, 2021 08:47

    Iran’s Ambassador to Moscow Kazem Jalali said the International North-South Transport Corridor (INSTC) can serve as a safer and cheaper alternative to the Suez Canal, which had been blocked for nearly a week in March, causing billions of dollars in damages every day.

  • Iranian merchant vessel Saviz struck by blast in Red Sea, suffers minor damage: Official

    Iranian merchant vessel Saviz struck by blast in Red Sea, suffers minor damage: Official

    Apr 07, 2021 06:47

    Foreign Ministry Spokesman Saeed Khatizadeh said a merchant vessel has been targeted by an explosion of unknown origin in the strategic Red Sea, in the second such incident in less than a month.

  • Iran posts 9.4% surge in trade for last month of year to March

    Iran posts 9.4% surge in trade for last month of year to March

    Apr 04, 2021 08:42

    Latest figures released by the Islamic Republic of Iran Customs Administration (IRICA) shows trade with other countries picked up by 9.4 percent in the final month of the calendar year to late March.

  • President urges domestic coordination to boost production

    President urges domestic coordination to boost production

    Apr 04, 2021 07:02

    President Hassan Rouhani has called for cooperation and arrangements among domestic organizations to support and boost production in accordance with the guidelines specified by Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei at the beginning of the new year.

  • Iran urges depoliticized examination of its business situation

    Iran urges depoliticized examination of its business situation

    Mar 25, 2021 12:20

    Iran calls on the World Bank to refrain from politicized moves in evaluating the country’s business situation.

  • Iran cuts imports bill by $10bn amid growth in manufacturing

    Iran cuts imports bill by $10bn amid growth in manufacturing

    Mar 25, 2021 00:38

    Ministry of Industry, Mine and Trade Alireza Razm Hosseini on Wednesday said that Iran has slashed its imports bill last calendar year by some $10 billion, as this achievement was made possible by considerable growth in the manufacturing sector.

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