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 27 February 2015 - Friday - 8 Jamada al-Ula 1436 | 27/02/2015 (42) 26/02/2015 (56) 25/02/2015 (74) 24/02/2015 (68) 23/02/2015 (62) Total: 85,156 content Facebook Twitter Youtube

Economy

27 February 2015 8:52

Russia’s state-owned energy giant Gazprom has announced that the company will fully cut off the natural gas flow to neighboring Ukraine by the end of the week if Kiev fails to quickly remit payments for supplies. “If no new funds are received from Kiev, then naturally we cannot continue delivering gas to Ukraine,” Sergei Kupriyanov, a spokesman for Gazprom, said in...

26 February 2015 22:23

European and American companies are no longer on tiptoes for carving out a niche in Iran’s market. They are already scooping up deals and trade is picking up. According to government figures, German exports to Iran rose 30 percent last year to 2.4 billion euros. The leap came on the back of a ground-breaking agreement between Iran and the West to...

25 February 2015 23:33

The export of petrochemical products and gas condensates from Iran’s South Pars region has experienced a 20-percentage point rise, despite the poor-performing oil, official says. The head of Customs Department of Pars Special Economic and Energy Zone (PSEEZ) has told IRNA that in the one-month period ending February 20, over 808, 850 ton non-oil products worth over 680 million dollars were...

25 February 2015 17:32

The main index of Tehran Stock Exchange (TSE) takes a dive, with major companies ending the Wednesday trading in the red territory. The TSE Index, TEPIX closed at 64,051 at the end of the transaction day. Some 30 major companies working in areas of oil and gas, banking, auto industry as well as mining experienced a slump in their shares. On the...

22 February 2015 23:24

Iran’s President Hassan Rouhani says his economic team has done what he described as “a miracle” to bring the country from the brinks of economic collapse to the positive territory. “We were able to bring down inflation from 40 percent to well below 16 percent,” he told an economic forum in Tehran. “Iranian and foreign experts say what the government...

22 February 2015 22:56

  Iran’s President Hassan Rouhani says his economic team has done what he described as “a miracle” to bring the country from the brinks of economic collapse to the positive territory.  “We were able to bring down inflation from 40 percent to well below 16 percent,” he told an economic forum in Tehran. “Iranian and foreign experts say what the government...

22 February 2015 16:37

Latest official figures show the value of Iran’s non-oil exports increased by about a quarter since March 2014 thanks to a surge in the country’s trade of petrochemicals. Figures released by the Customs Administration of Iran show that the value of Iran’s total non-oil exports over a period of 11 months starting 21 March 2014 stood at $46.3...

21 February 2015 23:10

A study by an umbrella charity group in Italy shows that poverty is growing in the country as the euro region’s third-biggest economy is still in the grip of recession and crisis, Press TV reports. According to the study, recently published by Caritas Europa, one in four people in Italy is at the risk of poverty or social exclusion. Caritas Europa, an...

20 February 2015 18:05

Britain's finance minister says allegations of aggravated money-laundering and tax fraud against the London-based HSBC bank should be left for tax officials to investigate. George Osborne on Friday defended the British government’s reaction to the scandal, noting that the allegations were “very serious” but that he should not be “directing the prosecutions.” According to the cache of files leaked in the so-called...

20 February 2015 13:50

Asian oil prices have inched up slightly a day after the Energy Information Administration (EIA) announced a surge of some eight million barrels in US stockpiles. On Friday, US benchmark West Texas Intermediate for April went up by 35 cents to $52.18, while Brent grew by 33 cents to $60.54. The EIA’s announcement shows a record high since it started booking back...

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