Khabar Online interview with Behrouz Alishiri, the head of Organization for Investment, Economic and Technical Assistance of Iran
Khabar Online interview with Iran's Deputy Oil Minister Alireza Zeighami
After five years of negotiations, Iranian officials reached a new agreement with Crescent Petroleum Company of the United Arab Emirates (UAE) on a natural gas deal signed in 2001.
A question which has occupied the minds of Iranian economy experts is how much would be the inflation rate in the country based on a 600 trillion rials (almost 60 billion dollars) revenue to be recovered from implementing subsidy reform plan in 1390 (new Iranian year began on March 21).
The fiscal budget bill recently submitted by Iran's government with delay to Majlis (Parliament) is based on a higher oil price which has sparked off several debates.
Secretary-General of Iran-Italy Chamber of Commerce announced that Italian banks are allowed to resume their activities in Iran.
The new budget bill presented by Iranian government to Majlis (Parliament) is based on an oil price of 80 dollars per barrel, but simply with the price of 100 dollars the administration won't face a budget deficit in 2011.
Many experts of the international oil market believe a new rise of oil price in the last days caused by Iranian warships headed to Suez Canal.
Current assessments reveal that Iran should take more concrete steps in developing its oilfields through investment, since by increasing oil production Iraq is challenging Iran's status in the Organization of the Petroleum Exporting Countries (OPEC).
The head of Iran's Hand-woven Carpet Exporters Trade Union announced that new efforts are being made to gain a more share of international markets, including Chinese market for Iranian rugs.
Iran exported $19.18 billion of non-oil goods (excluding gas condensates) in the first nine months of current Iranian calendar year (ended December 21, 2010), the Director of Trade Promotion Organization of Iran Hamid Safdel said.
At Tehran Stock Exchange, by Wednesday afternoon, the market value of the bourse increased $960 million and reached $95 billion.
The first technical exhibition on office furniture and interior decoration will be held at Tehran Permanent International Fairgrounds from January 27-30.
Some 5 trillion rials (approximately $500 million) worth of bonds will be offered to the public for the funding of eight steel projects.
Iran-Syria joint venture bank will open in the next eight months, the director of Iran-Syria Merchants Council stated.
The managing director of Iran Petrochemical Commercial Company Reza Hamzehlou stated that Iran's petrochemical exports value to European countries will hit $2 billion by the end of the current Iranian year (March 20, 2011).
Iran ranks first in fruit production in the Middle East and North Africa. 2.7 million hectares of orchards are being harvested in Iran with an annual production this year of 16.5 million tons.
Tehran Stock Exchange’s index reached 20,075 on Wednesday as an all-time high this Iranian calendar year (started March 20, 2010). Its previous record was set on January 3, 2011, when it hit 19,000.
Iran exported $405 million worth of carpets in the first nine months of current calendar year (started March 21, 2010).
Iran exported $405 million worth of carpets in the first nine months of current calendar year (started March 21, 2010).