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       29 August 2016 - Monday - 26 Dhul-Qa?da 1437 | 29/08/2016 (13) 28/08/2016 (57) 27/08/2016 (49) 26/08/2016 (54) 25/08/2016 (30) Total: 113,369 content        Facebook Twitter Youtube

Economy

28 August 2016 21:55

More signs of trouble have appeared for the economy of Saudi Arabia in what appears to be a result of low oil prices.      Official data show the foreign assets of the kingdom fell to $555 billion in July, down $6 billion from the previous month. The drop has been blamed on a government move to draw on reserves to cover a...

28 August 2016 9:16

  The Iraqi government says it may consider shipping crude through Iran if talks with the local Kurdish administration on oil revenue sharing fall apart.  The autonomous Kurdish region is demanding a bigger share of the oil proceeds at a time when the Iraqi government is buckling under the pressure of lower oil prices and the costs of war on Daesh militants. Officials...

27 August 2016 11:12

  The ‘Economy of Resistance’, an economy mainly based on self-reliance is an excellent idea. Not only does it help liberate Iran from the foreign imposed sanctions, but it also helps propel own domestic capacities, create labor, added value in the country and ultimately Iran may develop exports far above what they would be in a globalized western and WTO (World...

27 August 2016 8:51

  Pakistani media have advised the government to build strong energy ties with Iran as it is very close to the Iranian oil and gas deposits.  Leading English daily, Express Tribune in its report said the Iran-Pakistan (IP) gas pipeline project is strategically important for Pakistan as it seems to be the most viable as sanctions are gone. Pakistan media regularly publish different...

25 August 2016 7:13

  Leader of the Islamic Ummah and Oppressed People Imam Sayyed Ali Khamenei has met with President Hassan Rouhani and the members of his administration on the occasion of the Government Week, saying that economic problems are country’s foremost priority. During the meeting on Wednesday, the Supreme Leader lauded Iranian administration’s efforts to solve problems facing people, saying, “Today, economic problems and bottlenecks...

24 August 2016 7:34

Foreign Minister Mohammad Javad Zarif says Iran is interested in a massive project to build a canal across Nicaragua which will link the Pacific and Atlantic oceans.  Zarif visited Nicaragua on Tuesday along with representatives of Iranian companies and discussed their possible involvement in the 50-billion-dollar project which is groomed to rival the Panama pathway. China’s HKND group is tasked with carrying...

23 August 2016 7:35

  Volkswagen and an Iranian car maker are going to sign a contract in the few days to come, according to which the German and Iranian companies will produce cars in Iran, Iran's Deputy Minister of Industry Mansour Moazami said. By the end of the current Iranian fiscal year (March 20), Iran is expected to sign four or five deals with foreign...

17 August 2016 14:33

  US payment of $400 million of Iranian money which sparked outcry among American politicians was followed by another transfer of $1.3 billion, it has been reported.  The total sum of $1.7 billion was related to an arms deal that Iran signed before 1979 when the Shah was a close ally of the United States but Washington was refusing to give it...

17 August 2016 14:25

  Muslims have a whopping $11.5 trillion of wealth to their names, triggering a race among asset managers to tap this massive pool of capital, a Bloomberg report says. According to Washington-based Pew Research Center estimates, Islam will remain the world’s fastest-growing major religion over the next few decades, with demand for investments that comply with the Qur’an tenets rising. Over the past...

16 August 2016 17:17

  The UK’s vote to leave the European Union (EU) in June will reduce the pay of lower-income British workers even if the supply of foreign labor is reduced by major cuts to immigration, according to a new report. While the Brexit vote had no overall impact on British wages, lower-paid jobs like sales, security and cleaning saw a drag on pay,...

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