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       27 June 2016 - Monday - 22 Ramadan 1437 | 27/06/2016 (11) 26/06/2016 (44) 25/06/2016 (67) 24/06/2016 (43) 23/06/2016 (66) Total: 110,607 content        Facebook Twitter Youtube

Economy

27 June 2016 1:03

  Food prices are expected to rise up after the UK voted to leave the European Union (EU), because of the country’s dependence on imports and devaluation of the pound, a report says. Meurig Raymond, the president of the National Farmers Union (NFU), made the remarks on Sunday, days after UK citizens voted in favor of a British exit from the EU,...

26 June 2016 11:59

The Islamic Republic of Iran and the Spanish energy company, Repsol S.A., have signed an agreement that doubles Iranian oil exports to the European country.

25 June 2016 21:22

  The Central Bank of Iran (CBI) says the country’s inflation rate dropped to 9.7 percent in the 12-month period leading to the Iranian calendar month of Khordad (June 20). Iran’s inflation rate eased into single digits for the first time in a quarter century following the lifting of sanctions against Tehran after the implementation of a landmark nuclear agreement, known as the Joint...

24 June 2016 9:21

  The British currency takes a nosedive as television network ITV says there is an 85 percent probability of a win for the ‘Leave’ campaign in the UK’s Thursday referendum on Britain’s future membership in the European Union (EU). Based on the EU referendum results so far, analysis by ITV News suggests an 85% probability of a ‘Leave’ vote based on ‘Leave’...

22 June 2016 9:21

  The largest automaker in the Middle East, Iran Khodro, and its old partner, France's Peugeot-Citroen (PSA), have announced the launch of a joint auto company in the Iranian capital. The joint company, IKAP, was inaugurated in Tehran on Tuesday in the presence of the Iranian minister of mine, industry and trade, IRNA reported. The news comes after Peugeot-Citroen signed a €400-million ($450mn)...

22 June 2016 0:53

  The Financial Times says the latest figures show that the volume of Foreign Direct Investment (FDI) in Iran has reached the highest level in years following the removal of sanctions against the country in January.  The FT has emphasized in a report on Tuesday that figures show Iran was ranked 12th out of the 14 Middle East nations for FDI between...

20 June 2016 17:45

  New indications have appeared in Iran that show the country has brought back projects to liquefy natural gas – better known as LNG schemes – to the agenda of its energy sector.    Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), has been quoted by the news agencies as saying that talks are underway with eight...

19 June 2016 11:05

  Leader of the Islamic Ummah and Oppressed People Imam Sayyed Ali Khamenei says the proper implementation of resistance economy can provide for the needs of Iran as well as promote its dignity.   “Resistance economy, if implemented in the real sense of the word, can cater for both national dignity and the requirements of the country because it relies on internal capacities,” Leader of the Islamic...

19 June 2016 10:53

  Iran’s aviation authority has announced the conclusion of an agreement with the US aerospace giant, Boeing, for the purchase of 100 passenger planes to renew the country’s ageing fleet. Head of Iran's Civil Aviation Organization (CAO) Ali Abedzadeh told Iran Daily that the deal, which will hand over the planes to Tehran through financing, now awaits US government approval. "We have 250...

16 June 2016 9:50

  Iran and China have agreed to jointly build an oil terminal on the Persian Gulf island of Qeshm, a report said. The oil terminal will be built on Qeshm Island in southern Iran and is expected to turn it into a major hub for oil production and storage, Sputnik reported. The report added that $550 million contract of the terminal has been...

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