‘Multiple and intertwined risks’ cloud outlook for the Middle East and its neighbors, IMF says Oil producing countries in the Middle East could benefit from higher crude prices in 2019, but regional uncertainties weigh on growth. A new report from the International Monetary Fund encouraged countries in the MENAP region to introduce more reforms that […]
Reported by HPMM Group according to IRNA ; Iran’s foreign trade balance recorded positive during March 21-September 22, 2018 to reach $940 million, said the deputy industry, mine and trade minister for export affairs. This comes as the figure was negative in the same period last year standing at $4.5 billion, added Mojtaba Khosrotaj at a […]
Reported by HPMM Group according to Atlantic council ; The broad economic sanctions that go back into effect against Iran on November 5 will not significantly impact Iran’s limited natural gas exports. Iran’s export potential could emerge as a gateway to cooperation under an appropriate US strategy. Multinational negotiations have focused on ways to increase oil production […]
Reported by HPMM Group according to Mehr news ; Head of the Iranian National Standards Organization (INSO) said Wed. that Iran and Russia are making every effort to achieve common standards in the economic sector in a bid to boost mutual trades. Nayereh Pirouzbakht, the INSO head, said that facilitating mutual trades entails common standards, and the […]
Reported by HPMM Group according to Mehr news ; In a Tuesday statement, the International Court of Justice fixed the time-limits for the filing of the initial pleading by the Islamic Republic of Iran and the United States in regard to 1955 Treaty of Amity case. “The International Court of Justice (ICJ), the principal judicial […]
Reported by HPMM Group according to Fars news ; The exchange rate of US dollar to Iran’s rial witnessed an almost 33% plunge on Monday after a new set of regulatory measures were put into effect by the Iranian Central Bank. On Monday afternoon (Tehran local time), US dollar lost a record amount of its […]
Special Purpose Vehicle aims to keep Iran in 2015 nuclear deal with barter system Reported by HPMM Group according to THE Guardian ; The European Union, Iran, China and Russia have set out a plan to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015. […]
IIF said Iran’s crude oil and condensates exports were 2.8 mbd in April and are now estimated at 2.0 mbd in September. Reported by HPMM Group according to MoneyControl.com ; Iranian oil exports are declining ahead of a second round of US sanctions to be imposed on November 4 and Iran’s economy is likely to contract 3 […]
Reported by HPMM Group according to IRAN FRONT PAGE ; Iranian President Hassan Rouhani, in his address to the annual UN General Assembly, strongly blasted the US administration for its unilateral sanctions against the Iranian nation, describing it as a form of economic terrorism which must be ended. Speaking before world leaders at the 73rd […]
Reported by HPMM Group according to TEHRAN TIMES ; India may revert to paying Iran in rupees for the oil it buys from its third largest supplier as U.S. sanctions will from November 4 block use of U.S. dollars to settle such trades, a top official said Thursday. Oil refiners such as state-owned Indian Oil Corp […]
