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13 February 2016 - Saturday - 5 Jamada al-Ula 1437 | 12/02/2016 (36) 11/02/2016 (68) 10/02/2016 (66) 09/02/2016 (58) 08/02/2016 (39) Total: 103,526 content Facebook Twitter Youtube

Economy

11 February 2016 18:43

The Confederation of British Industry (CBI) has downgraded the UK economic growth forecast saying the prospects have dimmed ever since a vibrant autumn statement by the Chancellor of Exchequer, some three months ago.

11 February 2016 7:02

  Ministry of Economic Affairs and Finance issued a statement on Wednesday on the occasion of the 37th victory anniversary of the Islamic Revolution, saying that following removal of economic sanctions, the country is now on the verge of economic boom. Highlighting the significant achievements of the Iranian nation, the statement said February 11 is manifestation of adherence to Islamic Revolution under...

10 February 2016 15:46

Japanese oil refiners have started oil payments to Iran through the Asian country’s largest lender, the Bank of Tokyo-Mitsubishi UFJ (BTMU) which has resumed transactions with Iranian banks, a report says. Tokyo lifted sanctions against Iran last month after a landmark nuclear deal with the Islamic Republic went into effect. BTMU can now process Iranian oil payments for Japanese refiners both...

9 February 2016 7:46

Iran has decided to conduct its oil trade in euros, not US dollars, reports suggested. To explain why, Economic analyst Shabbir Razvi told Radio Sputnik that Tehran is apparently playing a "delicate" chess game with Washington. "Iran is trying to make its relationship with the US and the world more amiable than it has been in recent past. However, at the same time Iran does not want...

7 February 2016 10:52

  The first consignment of Iranian carpets has found its way into the US market in Los Angeles after Iran and the P5+1 group of countries started implementation of their nuclear agreement. According to a report published by the Los Angeles Times on Friday, the consignment was discharged from US customs last week putting an end to years of waiting by carpet...

6 February 2016 15:50

President Hassan Rouhani said on Saturday that the Islamic Republic is determined to attain development with a high pace and added that this can be materialized through employment of the youth.  President Rouhani made the remarks in a special ceremony for electrification of Mashad-Tehran railway on Saturday. To attain the goal, it requires unity, solidarity, unanimity, Jihad, devotion and sacrifies and active...

6 February 2016 14:28

  Iran indicated on Friday that it wants to settle payments for its new and outstanding oil sales in euros and not in dollars or any other currencies. Reuters has quoted an official from the National Iranian Oil Company (NIOC) as saying that the rule applies to newly signed deals with France’s energy giant Total, Spain’s refiner Cepsa and Russia’s Lukoil. "In our...

6 February 2016 14:27

  Oil prices have continued to fall, ending the week lower in choppy trading amid speculation about a possible deal between top oil producers. US benchmark West Texas Intermediate (WTI) for delivery in March finished at $30.89 a barrel, down 83 cents, on the New York Mercantile Exchange (NYMEX). In London, North Sea Brent crude for April delivery fell 40 cents to $34.06 a...

6 February 2016 9:40

Tehran Stock Exchange (TSE) main index, TEPIX, registered a new record on Saturday. The TSE's ongoing surge continued on Saturday as the TEPIX jumped 406 units , standing at 74,090 in the early morning hours. In the wake of the imminent implementation of a recent nuclear deal between Tehran and world powers (known as the JCPOA), Iran’s main share index increased by...

6 February 2016 9:11

Iran has announced a plan to build a 1.8-billion-euro oil refinery in Spain as recent sanctions relief allows Tehran to resume oil delivery to Europe, Spain’s foreign minister has said. José Manuel García-Margallo, quoted by the Spanish newspaper El Pais, said the planned refinery would produce 120,000 b/d of oil. The paper said an Iranian delegation travelled to Spain on January 28 and...

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