Inflation rate in Iran continues to rise in autumn

Inflation rate in Iran continues to rise in autumn

 Reported by HPMM Group according to MEHR NEWS ;   The inflation rate in the last month of fall in the Iranian calendar reached 18%, indicating 2.4% increase compared to the previous month, according to figures released by the Statistical Center of Iran Sat. According to the state-run Statistics Center of Iran on Saturday, the 12-month inflation rate reached […]

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Italy Senate passes revised budget after EU standoff

Italy Senate passes revised budget after EU standoff

Reported by HPMM Group according to IRAN DAILY  ;   The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures. Senators passed the budget put forward by the governing coalition of the anti-establishment Five Star Movement (M5S) and the anti-immigration League by […]

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Iran Setting Up Petrochemical Hub on Persian Gulf Coasts

Iran Setting Up Petrochemical Hub on Persian Gulf Coasts

  Reported by HPMM Group according to FARS NEWS ;   Iran is planning to establish a petrochemical hub on the coasts of the Persian Gulf in the Southern part of the country, Managing Director of the National Iranian Petrochemical Company (NIPC) Behzad Mohammadi announced. “One of the projects of the petrochemical industry is creating a new hub on […]

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Official: Foreign Firms Eyeing to Purchase Iran’s Oil

Official: Foreign Firms Eyeing to Purchase Iran’s Oil

 Reported by HPMM Group according to FARS NEWS ;   Several foreign companies have shown interest in purchasing Iran’s oil via the exchange market, Managing director of Iran’s Energy Exchange Seyed Ali Hosseini said. “A special trading code to buy Iranian crude via the exchange market has been given by us to a number of foreign companies,” […]

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Iran’s saffron cultivation system recognized as ‘cultural heritage’ by FAO

Iran’s saffron cultivation system recognized as ‘cultural heritage’ by FAO

The saffron farming system based on Qanat irrigation in the Iranian city of Gonabad, Khorosan Razavi province, has won the recognition of the Food and Agriculture Organization (FAO) as ‘agricultural cultural heritage’. Gonabad’s traditional irrigation system is now registered as the 55th system of agricultural heritage by FAO. The site located in Iran’s central plateau […]

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Iran ready to implement OFID projects in needy states

Iran ready to implement OFID projects in needy states

 Iran is ready to help OPEC Fund for International Development (OFID) implement different projects in the needy countries, Iranian Ambassador to the International Organizations said on Thursday. Reported by HPMM Group according to IRNA ;  Iran as a main member of the OFID has always supported the Fund’s activities and goals, Kazem Gharib Abadi said in a […]

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Iran’s Rouhani praises relations with Turkey

Iran’s Rouhani praises relations with Turkey

Bilateral ties to top agenda of talks at Thursday meeting in Ankara between Turkish, Iranian leaders Reported by HPMM Group according to Anadolu  Agency ;      Iranian President Hassan Rouhani on Wednesday hailed his country’s close ties with Turkey and called for stepped-up economic relations. Speaking to reporters at Tehran’s Mehrabad Airport, Rouhani — now on a […]

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IMF board approves new Ukraine loan package, releases $1.4b immediately

IMF board approves new Ukraine loan package, releases $1.4b immediately

Reported by HPMM Group according to IRAN DAILY ; The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released $1.4 billion for immediate use. The IMF had agreed on the $4 billion, 14-month loan in mid-October but the board was waiting for the government to follow through […]

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Japan’s view on US ties worsens on Trump’s trade push: Yomiuri

Japan’s view on US ties worsens on Trump’s trade push: Yomiuri

Japan’s popular perception of the country’s ties with the United States worsened significantly this year, an opinion poll showed on Wednesday, battered by US President Donald Trump’s hostile trade policies. Reported by HPMM Group according to IRAN DAILY ;    The annual poll by Gallup and the Yomiuri newspaper showed the proportion of Japanese people who see […]

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British economy forecast to fall in GDP rankings

British economy forecast to fall in GDP rankings

Britain’s stalled economy will fall back in the international rankings next year to sit in seventh place behind India and France, according to a report by consultants at PwC. Reported by HPMM Group according to IRAN DAILY ;   A fall in the value of the pound, combined with slower growth this year and next as Brexit takes its […]

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