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26 May 2016 - Thursday - 19 Shaban 1437 | 25/05/2016 (76) 24/05/2016 (54) 23/05/2016 (45) 22/05/2016 (47) 21/05/2016 (36) Total: 108,769 content Facebook Twitter Youtube

Economy

25 May 2016 15:03

  An Iranian Petroleum Ministry official says the country’s natural gas output has risen by 23 billion cubic meters over the past year. Managing director of the National Iranian Gas Company (NIGC) Hamid Reza Araqi said Wednesday that since the beginning of operations of two refineries at the South Pars gas field in Iran’s south last year, over 23 billion cubic meters...

23 May 2016 18:55

  Iran, India and Afghanistan sign a key trilateral deal, known as the Chabahar agreement, to establish a strategic transit and transport route connecting the three countries. The agreement was signed in the presence of Iranian President Hassan Rouhani, Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani in the Iranian capital of Tehran on Monday. Addressing reporters after the signing ceremony, Rouhani said...

22 May 2016 16:33

  Latest official data shows the inflation rate in Iran has descended in the second month of the Iranian calendar year. Figures by the Statistical Center of Iran (SCI) reveal the inflation rate dropped by 0.6 percent to 10.2 percent in Ordibehesht (ended May 20). This is while the Central Bank of Iran (CBI) had announced the inflation rate of the last Iranian...

18 May 2016 11:58

Turkey and Qatar have been in initial talks with Pakistani officials for stakes in the country’s stock market. Turkey and Qatar exchanges have been voicing “serious interest” in having stakes at Pakistan Stock Exchange, media reports said Tuesday.

18 May 2016 8:46

  The Islamic Republic of Iran and the People's Democratic Republic of Algeria have signed over a dozen memorandums of understanding (MoUs) on the production of Iranian vehicles in the North African state. The MoUs were penned in Tehran on Tuesday in the presence of Iranian Minister of Industry, Trade and Mine Mohammad Reza Nematzadeh and Algerian Minister of Industry and Mines...

15 May 2016 11:57

  Iran and Kazakhstan have struck a deal on the construction of a wind park in Kazakhstan to generate electricity there. The agreement with sealed between Iran’s Power and Water Equipment & Services Export Company (SUNIR) and Eurasia Invest Group in Tehran on Saturday. The deal will require the Iranian side to build a 50-megawatt wind power plant in Kazakhstan’s west near the...

14 May 2016 13:45

  New indications have appeared in the US that show the middle class in the world’s largest economy is hollowing out. A report by the Pew Research Center shows that a widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle. In nearly one-quarter of metro areas, middle-class adults no...

14 May 2016 13:18

  Singapore's Kim Heng Holdings says it has signed an agreement worth $450 million with Iran Marine Fund to finance offshore facilities and other maritime ventures.  The non-binding agreement calls for manufacturing of platform supply vessels, offshore cranes, chemical tankers, and also aluminum and fiberglass vessels. Tan Keng Hoe Melvin, general manager for supply chain management for Kim Heng, said "maximum domestic production...

12 May 2016 17:41

  The International Energy Agency (IEA) announced on Thursday that Iran’s oil production has risen faster than expected, reaching levels not seen since before the Western sanctions against the country were tightened in 2011. Nevertheless, the agency emphasized that a global oversupply of crude is still shrinking in face of increasing production from Iran. The IEA said in a report that its calculations...

12 May 2016 9:42

May 11 (MNA) – Iran’s Hassan Rouhani has reiterated his former remarks that Iran will file a lawsuit in International Court of Justice against US appropriating Iranian assets. President Rouhani is in Kerman province along his cabinet to address the provincial projects. He attended a press conference on Wednesday morning in the last day of his 2-day visit. He told reporters...

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