31 October 2014 18:13
The Institute for Fiscal Studies has criticized the British prime minister for providing inaccurate figures for the 2015-20 period of spending cuts.
The IFS said in a recent report that not even half of the austerity measures proposed by the administration of David Cameron will be implemented by 2015.
The British premier wrote in the Times on Thursday, “In this parliament we...
31 October 2014 9:27
London-based charity organization Oxfam says the number of dollar billionaires has doubled worldwide since the financial crisis of 2008.
In its recent “Even it Up: Time to End Extreme Inequality” report, Oxfam said that the number of billionaires around the world doubled to 1,645 over the past six years.
The report also said that the world’s 85 richest people, previously revealed to...
26 October 2014 16:15
Iran’s exports have earned USD 23.2 billion for the country in the six months ending September 22, 2014, an Iranian official says.
Valiollah Afkhami-Rad, the deputy minister of industry, mine and trade, said late Saturday that the figure shows a 19-percent increase compared with the same period last year.
Afkhami-Rad, who is the head of the Trade Promotion Organization of Iran, said...
24 October 2014 17:03
Official figures show that the UK economy slowed in the three months to the end of September as manufacturing grew at the slowest pace for 18 months.
The Office for National Statistics said Friday that the UK’s gross domestic product increased by only 0.7 percent in the third quarter, a figure noticeably lower than that of the previous three months, which...
24 October 2014 16:58
Iran’s leading auto manufacturer, Iran Khodro Company (IKCO), plans to use the technical expertise of German and French experts in the industry, an Iranian official says.
“Currently, a German group with 35 years of experience in auto industry is visiting different sections of IKCO to start cooperation as consultant,” said IKCO Chief Executive Officer Hashem Yekkeh-Zare on Friday.
“Based on plans, a...
23 October 2014 8:35
American aircraft-manufacturing giant Boeing has ended a 35-year break in business with Iran, supplying the country’s national flag carrier with a cargo of plane parts.
"During the third quarter of 2014, we sold aircraft manuals, drawings, and navigation charts and data to Iran Air," Boeing said in its quarterly report on Wednesday.
This is the first time that the American company has...
16 October 2014 15:44
Global oil prices have dropped to a 47-month low, sending economic and political shockwaves through oil-exporting countries around the world.
The global price of oil now stands at $84 per barrel, about $31 cheaper than its highest price this year.
The current price is nearly 30 percent less than it was earlier this year.
On October 14, the global price of oil witnessed...
13 October 2014 15:25
Hassan Rouhani, who was speaking in the joint government and the parliament session on Tuesday told the meeting that the world should know that the Islamic Republic of Iran’s officials have the ability to solve the issues even under current economic hardships through ‘cooperation and coordination.’
“Positive growth in construction budget, stability in the market, general willingness by foreign investors to...
12 October 2014 11:50
President Hassan Rouhani on Sunday called for foreign investment in Iran's rail transit projects.
He made the remarks in a meeting with the Ministry of Housing and Urban Development officials.
Foreign investors are welcome to invest in construction of Iran's rail transit projects, the president added.
He underlined immediate execution of the Iran-Turkmenistan-Kazakhstan railway as well as the Khaf-Herat railway which will link...
11 October 2014 13:24
Iran’s economy minister said the country’s economy is improving and has been heading in the right direction since the new administration took office in August 2013.
According to Tasnim news agency, heading a high-ranking economic delegation, Iran’s Economic Affairs and Finance Minister Ali Tayyebnia is in Washington for the joint annual meetings of the World Bank Group and the International...
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